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Debt Is Going To Affect Us All

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For ever man , woman and child in the USA there is $108,000 of both private (Mortgages and credit cards) and public (IMF Loans, Bonds) debt.

Now by the time you take into account the number of people who are at school, uni, retired, house wife’s, tribal gang members then the working man is left to pay minimum payments on about $250,000 worth of debt each.

Lets say the interest rate on the debt is 4% plus 1% administration then the repayments of the interest on the debt alone becomes $12,500 pa or $1041 per month ands that’s ex of income tax and duty.

Capital repayment, forget it !

Now your average east European earns about half the amount an American needs to earn just to make the repayments on all this debt so without trade sanctions (backed with threats ) how can the Americans possibly compete with the rest of the world without importing cheap labour from Mexico and the like.

Corrupt Capitalism imposed by lawyers and politicians is not a natural friend of a democracy and this explains why America is spending so much on weapons, who needs money when you have guns, and the UK is heading towards a police state so big brother can control and tax us even more.

The world is undergoing huge change just now ! Prepare yourselves

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For ever man , woman and child in the USA there is $108,000 of both private (Mortgages and credit cards) and public (IMF Loans, Bonds) debt.

Now by the time you take into account the number of people who are at school, uni, retired, house wife’s, tribal gang members then the working man is left to pay minimum payments on about $250,000 worth of debt each.

Lets say the interest rate on the debt is 4% plus 1% administration then the repayments of the interest on the debt alone becomes $12,500 pa or $1041 per month ands that’s ex of income tax and duty.

Capital repayment, forget it !

Now your average east European earns about half the amount an American needs to earn just to make the repayments on all this debt so without trade sanctions (backed with threats ) how can the Americans possibly compete with the rest of the world without importing cheap labour from Mexico and the like.

Corrupt Capitalism imposed by lawyers and politicians is not a natural friend of a democracy and this explains why America is spending so much on weapons, who needs money when you have guns, and the UK is heading towards a police state so big brother can control and tax us even more.

The world is undergoing huge change just now ! Prepare yourselves

!!!! He He!

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Now your average east European earns about half the amount an American needs to earn just to make the repayments on all this debt so without trade sanctions (backed with threats ) how can the Americans possibly compete with the rest of the world without importing cheap labour from Mexico and the like.

We can't!

And this is not just a problem for the US. But for all 'western' countries where both the 'standard' of living is high, and the cost of living is high.

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For ever man , woman and child in the USA there is $108,000 of both private (Mortgages and credit cards) and public (IMF Loans, Bonds) debt.

Now by the time you take into account the number of people who are at school, uni, retired, house wife’s, tribal gang members then the working man is left to pay minimum payments on about $250,000 worth of debt each.

Lets say the interest rate on the debt is 4% plus 1% administration then the repayments of the interest on the debt alone becomes $12,500 pa or $1041 per month ands that’s ex of income tax and duty.

Capital repayment, forget it !

Don't worry about it. As TTRTR pointed out on his "rents to rise sharply" thread, the supply side dominates. The American workers will demand 100% pay rises, and due to the law of economics that says you always get what you want, they will get their pay rises. Crisis averted. :rolleyes:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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