What is truth?

By: James_Quinn

Americans have an illogical  love affair with their vehicles. There are 209 million licensed drivers in the  U.S. and 260 million vehicles. The U.S. has a higher number of motor vehicles  per capita than every country in the world at 845 per 1,000 people. Germany has  540; Japan has 593; Britain has 525; and China has 37. The population of the  United States has risen from 203 million in 1970 to 311 million today, an  increase of 108 million in 42 years. Over this same time frame, the number of  motor vehicles on our crumbling highways has grown by 150 million. This might  explain why a country that has 4.5% of the world’s population consumes 22% of  the world’s daily oil supply. This might also further explain the Iraq War, the  Afghanistan occupation, the Libyan “intervention”, and the coming war with  Iran

Automobiles have been a  vital component in the financial Ponzi scheme that has passed for our economic  system over the last thirty years. For most of the past thirty years annual  vehicle sales have ranged between 15 million and 20 million, with only  occasional drops below that level during recessions. They actually surged  during the 2001-2002 recession as Americans dutifully obeyed their moron President  and bought millions of monster SUVs, Hummers, and Silverado pickups with 0%  financing from GM to defeat terrorism. Alan Greenspan provided the fuel, with  ridiculously low interest rates. The Madison Avenue media maggots provided the  transmission fluid by convincing millions of willfully ignorant Americans to  buy or lease vehicles they couldn’t afford. And the financially clueless dupes  pushed the pedal to the metal, until everyone went off the cliff in 2008.

America is proving  itself to be insane as described by Albert Einstein:

“Insanity: doing the same thing over and over again and expecting  different results.”

The 2008 cataclysm was  created by the voracious greed and avarice of Wall Street, sustained by corrupt  politicians in Washington, non-existent regulation by banking regulators,  Federal Reserve easy money policies, unspoken guarantees of Fed bailouts if  Wall Street excess risk taking blew up, and millions of delusional Americans  with an unlimited credit line. Excessive debt created the problem. Adding debt  is the present solution to the problem. And the accumulation of debt will lead  to a tipping point that destroys the U.S. dollar and topples the Great American  Empire

full article at source:http://www.marketoracle.co.uk/Article33668.html

Comments on: "American’s Asleep At the Wheel Driving Into Debt Slavery" (1)

  1. […] American’s Asleep At the Wheel Driving Into Debt Slavery (thepressnet.com) […]

Comments are closed.

Tag Cloud

%d bloggers like this: