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Game Over America! Get Your Money Out of the Bank and Stop Paying Taxes

Monday, April 25, 2016 7:18
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(Before It's News)

 

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student loan debt 666

 

Would you throw good money after bad?  Well, if you are keeping your money in the bank and still paying taxes after reading this, you are throwing away everything you have worked for.

The undeniable and catastrophic truth behind the absolute collapse of the American economy is discussed int his article. America is getting hit with two major economic tsunamis and only a scant few are paying attention.

Catastrophic Statistical Comparisons

Most financial experts agree that there is an 800 pound gorilla in the room that is totally being ignored by the main stream media. The 800 pound gorilla is the college Student Load Program.

A striking parallel can be made between the Student loan debt of 2016 and the housing market bubble of 2007. For purposes of comparison, please keep in mind that the housing bubble collapsed the economy of the United States. The only reason that the collapse did not turn into a free-fall was because Congress allowed Wall Street to financially rape the people’s money and forcibly borrowed against the people’s future earnings. We called this process “bail-outs”. The problem is that the bail-outs were not able to stem the tide of the debt, it only served to slow down the crash and burn, while the bankers figured out how to liberate our personal assets as well (e.g. bank accounts and retirement funds).

The Twin Towers of Doom

I would be willing to bet that most of you think that the above-mentioned subtitle reference was about 9/11. It’s not, it is about the coincidence of a massive debt bubble that will ultimately make the housing market bubble look tame. And please remember that the housing market bubble is still critical and the first wave of this bubble nearly killed America.

America is ready to get hit with a new financial tsunami and it is the college Student Loan Debt. Before exploring the train wreck awaiting the American people because of the student loan debt problem, let’s dust off some cobwebs and show the readers the housing market bubble that nearly drove a stake through our collective hearts.

Don't worry about the zeros, you will get eye strain. The important thing to see here is the plunge rate and subsequent pattern of decline.

Don’t worry about the zeros, you will get eye strain. The important thing to see here is the astronomical rate of debt increase. The housing market bubble and the college Student Loan debt are nearly identical in their rate of ascension. 

Pay particular attention to the collapse of the housing market. I laugh at the morons at MSNBC, Fox, CNN and all the other corporate controlled media outlets that repeatedly tell us our housing market is recovering. Recovering? Draw a straight line through the middle of he graph lines and even Ray Charles could see that the housing market is still crashing. What about those tiny spikes in the charts? They are called the “dead man’s bounce”, named after what happens when a body plunges to the street from the top of a tall building. What housing recovery? Mix in a little MERS mortgage fraud designed to steal home mortgages by creating a series of fake mortgage notes so the borrower does not know who to pay their mortgage to until it is too late, then we have the continuation of a crisis, that by itself could bring down the economy.

Meet the New Housing Bubble

A picture is worth a thousand words.

student loans replaced the housing bubble

Anyone that cannot see the striking similarities between the housing market bubble and the student loan bubble, needs their eyes examined!

The Largest Asset of the U.S. Government is the Student Loan Debt

Tyler Durden made an interesting discovery as he found that a full 97% of principal for the Student Loan debacle is guaranteed by the US government. With nearly one in three college loans in repayment delinquency by over 30 days, we would be wise to look up in order to see what is coming. Do you see that 2,000 foot financial wall of water approaching America? The American economy is in such bad shape that the federal government’s biggest asset, student loan debt, is also its biggest liability.

Silence for effect ( IS IT SINKING IN, YET?) ………..

When the student loan debt begins to cut the legs out of the federal government’s financial resources, how will the government maintain financial support for the FDIC (insuring bank accounts), and home loans (the VA and FHA)?

How could anyone not notice what was happening? Sit down before you faint, the following chart will make you ask why you are still paying taxes to this failed entity we call the The United States of America.

student loan revenue

With regard to the above chart, there is no mental assembly required. The numbers speak for themselves. Normally, when a country speaks about its assets, it talks about manufacturing or the discovery of the new mineral resources. In the United States, our biggest financial asset is our biggest financial debt. If this represented your personal financial strategy, how long would your family survive?

ECONOMIC TSUNAMI #1-THE CONTINUING HOUSING BUBBLE

trump tsunami

ECONOMIC TSUNAMI #2- THE COLLEGE STUDENT LOAN DEBT

tsunami

Conclusion

In descending order, American is facing several more tsunamis of economic destruction which will spin off of these two gigantic financial melt-downs and they are the banks, the Stock Market, manufacturing, shipping, and by the time we reach this point, you will not be able to obtain food and medicine.

REMEMBER: STORE FOOD, WATER, GUNS, NATURAL HEALTH CARE FOR CHRONIC CONDITIONS, AMMO, GOLD, AND THE BIBLE.

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Total 13 comments
  • GOLOC

    You can blame the Middle men, the British Accredited Regents, aka Lawyers, aka Business Administrators what you call Judges. Your senators, congressmen for the kick backs, and the Mass immigrants illegal or not, I always like how people would get a student loan and then the school closed, and the Gov say’s well that’s not our problem, and then when you try to work with them they Sue you, Tippling the Debt, while the lawyers line their Pockets. Yes American is done do to Mass Corruption and Greed.
    RIP America.

  • Central Scrutinizer

    I am liquidating all of my assets and going in 100% for Big Chief pencils, you remember the ones from grade-school, that were the size of a horse’s leg!?!?! Then I’m going to top each one with a likeness of your big, giant EraserHead!!!!!!!! :mrgreen:

  • ElOregonian

    I would put a priority on the bible as first on “Those things one must have” before the collapse.

  • caribbean critic

    Taxes are the price you pay for staying stupid!

  • last_layman

    That is why US just deployed not 222, not 22 but two, that just 2 of those F-22 advanced fighters in Romania!! Obama is doing his best to provoke some kind of Russian reaction in Eastern Europe. US and NATO are no match against the Russian armor, so only reason for poking bear in his eye, again and again is desperate hope that WWIII would somehow save their wealth. I do hope Putin is not stupid nuff to fall for this 322 charade :neutral: .

  • Pink Slime

    If people keep accepting the government will take care of them they soon will be in for a BIG surprise. I do not know why they keep voting in the same scoundrels every year. Both side must understand there is no honor among thieves.

    One wants to take away your guns for good reason and one side wants to keep them for good reasons.

    Let the games begin…..

  • Loki

    I have a friend that read on the internet that federal income tax was illegal and that he didn’t have to pay it. Sorry to say, but he found out the hard way that when you don’t file a return for around 8 years they come after you. With all of the fees and whatever else they’re making him pay he currently owes the IRS over 30,000.

    I don’t like having to pay taxes or deal with the IRS any more than the next bloke, but if you think you’re being fcked by them now, try not paying them for a long time and see how badly they end up fcking you.

    • Pink Slime

      See the movie Freedom To Facism by Aaron Russo. He said there is no law created by Congress to pay personal income taxes.

      Two of their top IRS agents quit after they found out they were ruining people’s lives and the agency they questioned never answered their concerns if what they were doing was legal?

      One got taken to the courts by the IRS and won. Could it be possible we are being extorted as the movie suggest?

      Meaning we pay the extortion fees only because we want to be left alone? Decide yourself when you watch the movie.

      • Loki

        March 02, 2010
        By Joseph Henchman
        Last month, the Internal Revenue Service (IRS) released a 2010 update of its discussion/rebuttal of various “tax protestor” arguments (PDF). The IRS advises that “[a]nyone who contemplates arguing on legal grounds against [paying taxes] should first read the 80-page document.” Wikipedia also has a reference page, as does Professor Jonathan Siegel at George Washington University Law School.
        There’s hardly a constitutional amendment, law, or supposition that hasn’t been used in an attempt to prove that income tax collection is invalid. As a constitutional lawyer who works for a tax policy organization, I’m often asked whether the Sixteenth Amendment was properly ratified or (often more rudely) to show where the law is that requires people to pay income taxes.
        I find these arguments, like most constitutional law discussions, interesting. But ultimately the truth is that the Secretary of State proclaimed the ratification of the Sixteenth Amendment on February 25, 1913, 26 U.S.C. § 1 imposes tax on taxable income, 26 U.S.C. § 63 defines taxable income as gross income minus allowed deductions, 26 U.S.C. § 61 defines gross income as all income from whatever source derived, and 26 U.S.C. § 6012 requires the filing of returns by every individual with gross income for the year (with some exceptions). Dozens of cases have upheld the federal government’s power to collect income taxes against just about every argument.
        Judges have little tolerance for tax protestors, particularly ones who convince other people not to pay taxes while being deceptive about the enormous legal consequences. Adherents who practiced what they preached are in jail for tax evasion, many for dramatically hefty sentences. And while the IRS may be less sinister than it was a few years ago, there’s no doubting their willingness to use enormous power against individuals to collect tax revenue.
        As I tell people, the current federal income tax has a lot of problems. We at the Tax Foundation are no stranger to its complexity, favoritism, non-transparency, and the burden it imposes on the economy. But claiming that the tax doesn’t actually legally exist hasn’t been a productive avenue. Since our founding in 1937, we’ve had hundreds of brilliant economists, lawyers, accountants, and policy analysts here, and they all paid their income taxes. If there was a way out, one of them would have found it.

        Source, with links:

        http://taxfoundation.org/blog/law-says-we-have-pay-federal-income-tax

        And yes. I get your point. The tax is bs, and probably illegal. The Problem with that is that this organization, the IRS, is still able to force you to pay. If you don’t, they’ll come after you and take your sht and you’ll probably lose to their high paid lawyers in a court of law. Someday these fcks will get what they deserve, but until then, you’re needed for the good fight. Wait till the time is right. Financial debts will not be a benefit to you at the current period in time we are in.

        • Pink Slime

          Uhh, did you watch the movie?? Their own ex-agents won.

          And I get your point. People don’t mind be extorted because they will be left alone in peace if they pay the “protection” money.

          And that is why the IRS is in glee and why we are in debt.

          • Global Grist

            It also keeps guy like Loki employed. That is the main reason there will never be a simplification of the tax scam like a flat tax. Too many sycophants would have to find gainful, useful employment that actually benefits society.
            I know someone that does corporate audits for the IRS. At the time the NAFTA and GATT trade agreements were being considered in Congress he was involved in an audit of a large Mexican corporation doing business here. He found so much wrong that he filed a report in Washington. Due to the need not to make waves that might stop the trade agreements his report fell into a bureaucratic black hole.
            Bet your average American couldn’t get anything close to that kind of consideration.

  • You People Are Nuts

    Hey Pillsbury Dough Boy? Did you take your money out of the bank?

  • Iggy A

    When Hyper-Inflation hits, the money the average person took out of his bank ahead of time will be worth a little above toilet paper…

    …Anyone with real money would be converting it to Gold or Silver or some other item of value other than paper currency…

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