"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." --President Woodrow Wilson, after signing the Federal Reserve Act of 1913.

AMERICAS DEBT IS OVER 10 TRILLION DOLLARS!

Once upon a time, the United States was the biggest creditor in the world. But those days are long gone. Now America is the biggest debtor nation to ever exist on the earth.America was once the richest nation in the world, but that was not nearly enough. Americans always had to have a bigger car, a bigger house and an endless supply of "stuff". So the government piled up debt, America's companies gorged on debt, and Americans made using credit cards into a national pastime.Spending our own money wasn't even enough. We spent the money of our children, and of our grandchildren, and of their children, and now the national debt is well over 10 TRILLION dollars.....an amount that we will never be able to repay. And if you include the future liabilities that our government has committed us to such as future Social Security and Medicare payments, then the total is over 60 TRILLION dollars.Now that many of our jobs have gone overseas, the price of gasoline is shooting through the roof, and people are losing their homes, do we find that Americans are learning their lesson?No.Instead we are squeezing everything we can out of our plastic. Total credit card debt in America has reached almost a trillion dollars, and it is increasing at a rate which is four times faster than earlier this decade.Instead of showing restraint, Americans have jammed the accelerator to the floor.Prices are increasing dramatically while wages are remaining flat or even decreasing. Jobs are being outsourced and factories are being closed at a staggering pace. Our largest banks and financial institutions are teetering on the brink of failure. Homes are being foreclosed at record rates. Personal bankruptcies recently hit an all-time high. And so what is the answer the politicians give us? Wasting even more money and getting us into even more debt.The truth is that the United States is headed for a financial collapse of unprecedented magnitude.....http://thetruthwins.com/archives/financial-collapse