Our debt situation is now code "Red".
According to the Congressional Budget Office, we are now facing a $222 trillion fiscal debt gap .
Trillions of dollars are being spent by the Federal Reserve Banks in transactions that are not directly authorized by Congress or even on their balance sheets. For example, the first audit of the Federal Reserve Bank NY reveals bailouts and deals of over $16 Trillion!
A Deutsche Bank informant said that the cause for the bailout of the banks was a large sum of cash needed quickly to repay China who had purchased large quantities of mortgage-backed securities that went belly-up when the global scam was realized.
When China realized that they had been duped into buying worthless securitized loans which would never be repaid, they demanded the actual property instead.
What will China do when the US cannot pay it's debt obligations?
Our debt is not just a number. It represents a failure by Congress to do its duty and an out-of-control Federal Reserve. These issues need to be addressed now. The longer we wait, the larger the debt becomes.
I am asking every Patriot to focus solely on fiscal issues this November. Social issues only divide us. Let's unite and take America back!
In Liberty at Liberty.com
Everett Wilkinson
everett@liberty.com