| Subject: | FWC--NY Fed: Total Household Debt down 6.4% from the peak in 2008 |
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| Date: | Wed, 18 Aug 2010 07:23:39 -0700 |
| From: | Jas Jain |
NY Fed: Total Household Debt down 6.4% from the peak in 2008
Peak Debt, forecasted two years ahead of the peak, has asserted itself. American Households were drowned in debt and loaded with Scams. Do born-and-bred American dopes, I mean dopes-for-life, recognize, now that lot of evidence is in, that the whole financial system was turned into fraud with the full co-operation of the USG, including the Fraudulent Reserve? People like Warren Buffett, Bill Gates and Bill Gross became rich and are able to keep their riches as a result of participating in the fraud because they own the govt and dopes can't. The real story of America, for the past 13 years, is one of Crooks at the top and dopes at all levels (yes, Warren Buffet is a born-and-bred American dope just like the rest). No, you don't have the best econo-political system, you dopes, and you have managed to gravitate to one of the worst. And chickens are coming home to roost with the Greater Depression being now unavoidable. Crooks will keep Pushing Debt on taxpayers now that the households are already drowned in it and a good part of their savings for retirement and kids' college is in Scams. Amazing dopes. And even more amazing and shameless Crooks.
Jas
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