Posted tagged ‘Payday loan’

At What Point Will It Be Impossible To Fund The Federal Government’s Debt .

December 13, 2012
Payday Loans Neon Sign

Payday Loans Neon Sign (Photo credit: rinkjustice)

These three articles show the future of our Government debt bomb. “Presenting The Fund-Tastic Four”, at zerohedge.com, “Fed Seen As Pumping Up Assets to $4 Trillion In New Buying”, at Bloomberg Businessweek, and “Only In California: School Owes $1 Billion On A $100 Million ‘PayDay’ Loan”, also at zerohedge.com. Use these as a crystal ball to see the direction of the Government’s future ability to fund itself.

The funding of Government, the Governments attempts to stimulate the economy through spending, and the Federal Reserve’s attempt to steer the economy by counterfeiting and injecting the printed money into the economy through their “open market operations”, has brought us to a level of debt that (more…)