Monetary Magicians Will Cause Many to File Bankruptcy

Monetary Magicians Will Cause Many to File Bankruptcy "In September of 2012, the Fed's great sorcerer announced QE3 to add more quantitative easing and assist the economy. This was insufficient, so in December, the Wizard increased quantitative easing by an additional $45 billion per month through QE4. These individuals are true financial magicians in that they can create money out of thin air and claim that this will have no negative effects on the economy. In 2012, when the number of Americans filing for bankruptcy was revealed to be only 1.3 million, the government was ecstatic about the decline. This is yet another example of the banking gurus' smoke and mirrors and sleight of hand, despite the fact that it sounds plausible. They now control the conventional media, which in the past was supposed to prevent them from working their magic if deception was occurring. Now, the media continuously blasts trumpets and beats drums as they march towards what they believe to be a utopian collective recovery.We as Americans have been repeatedly warned, but no one seems to care. The number of individuals petitioning for bankruptcy has decreased as a result of the Federal Reserve's distribution of counterfeit currency to banks. Now they have heaps of stinking, free money to lend to persons buried in debt. In order to delay filing for bankruptcy until the economy recovers, individuals are borrowing more money. Considering that the average American's debt-to-income ratio was nearly 50% just four years ago, this entire situation is absurd. This number has now increased by 154%. How they convinced Main Street to consume the Kool-Aid is beyond my comprehension, but the numbers are out of control. People do not seem to comprehend that they have no choice but to apply for bankruptcy to eliminate this debt. Unless you win the lottery or have a wealthy uncle bequeath you his entire estate, it is impossible to pay off this debt. It is now commonplace for people to use credit cards or personal loans to pay off old debts, and at some point, when the interest accrues, these individuals will tumble off a fiscal cliff.The president told reporters last week that the White House was responsible for creating over 6 million employment. When examining the statistics, it is clear that the United States has lost more than 8 million jobs due to either company bankruptcy or outsourcing. The media preaches recovery at every opportunity, but this is nothing more than propaganda. The majority of Americans are unaware that they are being duped by legislators, nor do they care. As long as entitlement payments continue, Americans will remain unconscious.It is only a matter of time before inflation rears its ugly head, given that quantitative easing is in full motion to infinity and beyond. This type of policy failed in the Weimar Republic, Zimbabwe, and Argentina, and it will fail in the United States as well. As a result of the dollar's depreciation, a large number of Americans will be compelled to file for bankruptcy once all of this catches up. Individuals will be unable to acquire funds quickly enough to pay the interest on their debts and maintain a roof over their heads. People should take the time to assess their financial situation realistically and candidly with a bankruptcy attorney. With any luck, the bankruptcy attorney will redirect them away from financial dependence and set them back on the path to becoming debt-free seniors.
" - https://www.affordablecebu.com/