“Because if we have another 3 or 4 years…
You know, we’re at $18 trillion now. We’re soon going to be at $20 trillion. According to the economists (who I’m not big believers in but nevertheless, this is what they’re saying) that $24 trillion (we’re very close) – that’s the point of no return. $24 trillion. We will be there soon. That’s when we become Greece. That’s when we become a country that’s unsalvigable.”
– Donald Trump (“I’m Really Rich” video)
US debt was $10.626 trillion during Bush’s ~last day in office (January 20, 2009) & now it’s $18.3 trillion (as of June/July 2015) or almost $8 trillion in only approximately 6.5 years. It’s clear that with this credit dependence (debt/financial slavery), we’d reach that threshold or point of no return soon and become like Greece (bankrupt or default on our debt). I personally don’t think either Donald Trump or another 2016 candidate will make any drastic reforms – all election candidates make numerous promises that they don’t keep because either they have no intention in keeping their promises or they simply cannot or aren’t capable of fulfilling those promises (because other powers/dependencies are involved and it’s not entirely up to them). Therefore, I recommend all people get out of “financial slavery” or debt if at all possible & make early preparations because it’s a matter of time before the financial credit/debt bubble will burst.
When the Federal Reserve or other financial power will not be able to bailout or save the economy, do you think the creditors or banks will quickly & easily forgive everybody’s debt? I don’t think so, therefore, it’s best to remain debt-free because debt is a financial/economical form of modern-day slavery (reminds me of Proverbs 22:7 & Romans 13:8).
* Proverbs 22:7 – The rich ruleth over the poor, and the borrower [is] servant to the lender.
* Romans 13:8 – Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.
Source of video = CNN / Youtube (Donald Trump declared his candidacy on Tuesday. “I’m really rich,” he said).
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