US Now Spending 26% Of Available Tax Revenue Just To Pay Interest

By Simon Black Sovereign Man

March 25, 2014
Sovereign Valley Farm, Chile

By the 19th century, the Ottoman Empire had become a has-been power whose glory days as the world’s superpower were well behind them.

They had been supplanted by the French, the British, and the Russian empires in all matters of economic, military, and diplomatic strength. Much of this was due to the Ottoman Empire’s massive debt burden.

In 1868, the Ottoman government spent 17% of its entire tax revenue just to pay interest on the debt.

And they were well past the point of no return where they had to borrow money just to pay interest on the money they had already borrowed.

The increased debt meant the interest payments also increased. And three years later in 1871, the government was spending 32% of its tax revenue just to pay interest.

By 1877, the Ottoman government was spending 52% of its tax revenue just to pay interest. And at that point they were finished. They defaulted that year.

This is a common story throughout history.

The French government saw a meteoric rise in their debt throughout the late 1700s. By 1788, on the eve of the French Revolution, they spent 62% of their tax revenue to pay interest on the debt.

Charles I of Spain had so much debt that by 1559, interest payments exceeded ordinary revenue of the Habsburg monarchy. Spain defaulted four times on its debt before the end of the century.

It doesn’t take a rocket scientist to figure out that an unsustainable debt burden soundly tolls the death knell of a nation’s economy, and its government.

Unfortunately, it can sometimes take a rocket scientist to figure out what the real numbers are; governments have a vested interest in not being transparent about their debts and interest payments.

In the Land of the Free, for example, the government routinely doesn’t count interest payments that they make to the Social Security Trust Fund.

They’ve managed to convince people that those debts don’t matter ‘because we owe it to ourselves.’

Apparently in their minds, solemn promises made to retirees simply don’t count.

It’s like a person who is in debt up to his eyeballs with both credit card companies and family members has no compunction about stiffing Grandpa.

Obligations are obligations, no matter who they’re owed to.

Taking this into account, total US interest payments in Fiscal Year 2013 were a whopping $415 billion, roughly 17% of total tax revenue. Just like the Ottoman Empire was at in 1868.

Here’s the thing, though– it’s inappropriate to look at total tax revenue when we’re talking about making interest payments.

The IRS collected $2.49 trillion in taxes last year (net of refunds). But of this amount, $891 billion was from payroll tax.

According to FICA and the Social Security Act of 1935, however, this amount is tied directly to funding Social Security and Medicare. It is not to be used for interest payments.

Based on this data, the amount of tax revenue that the US government had available to pay for its operations was $1.599 trillion in FY2013.

This means they actually spent approximately 26% of their available tax revenue just to pay interest last year… a much higher number than 17%.

This is an unbelievable figure. The only thing more unbelievable is how masterfully they understate reality… and the level of deception they employ to conceal the truth.

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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End Result: “The Total Devastation of Everything That You Know”

Mac Slavo
March 22nd, 2014
SHTFplan.com

If you are an observer of the goings-on in the world and how the political, administrative and business elite operate, you have likely come to the conclusion that the whole situation is mind-boggling.

Millions of hard working Americans and our counterparts around the world alike sit at the very brink of an unprecedented economic collapse orchestrated by the financial and economic machinations of the privileged few. They speak of belt tightening, the need for sacrifices and often mandate extreme taxation, promising that these strategies will make life better for everyone. Yet, while we struggle to put food on the table and keep roofs over our heads they enjoy lavish multi-million dollar vacations, state dinners, and unfathomable wealth as they indenture the rest of us and our progeny to lifetimes of servitude.

On the political front, leaders from the United States, Europe, China, Russia, Iran and just about every other nation on earth often speak of cooperation and are nominated for the highest of peace honors, while behind the scenes they mobilize armies and spew rhetoric whose outcome can only lead to widespread conflict. They seem completely devoid of consideration for the billions of lives that will be affected should the world, once again, be thrust into war.

At every turn the people are being deceived and led to slaughter like sheep.

In his most recent commentary Charlie McGrath of Wide Awake News puts things into perspective, warning that it is these very behaviors of the elite and the apathy of the American people that will invariably lead to America’s apocalyptic demise:

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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The Process Of Killing The Dollar

By Douglas J. Hagmann

22 March 2014: I wrote about it nearly one year ago to the day. The Obama agenda is to simply “kill the U.S. dollar,” where the ultimate objective is to implement an international currency in tandem with a system of global governance. Some people laughed, saying it was hype. Others held a death grip onto their normalcy bias, saying it was not possible. Exactly a year later, the stage is being set for the murder of the U.S. dollar. This is a process that has been long in the planning, and is no accident, nor is it a result of the amateurish handling of our economic affairs by the Obama regime or the last few presidential administrations. It is a deliberate process, covered by the fog of the geopolitical machinations between the U.S., Russia and the controlling power elite.

The U.S. dollar is now exhibiting signs of cheyne-stoking, as it is in its last phase of life. It is obvious not only by “Old Yellen’s” lipstick-to-pig process, but by the actions of Russia in response to our caliphate building process in the Levant and Eastern Europe. It is asymmetrical warfare at the highest of levels, as Putin knows the sting created by the deliberate destruction of the Ruble from years ago.

Those who don’t yet understand what is taking place may be enlightened by rereading my article from March 30, 2013, which contains information given to me by an intelligence insider and is actively taking place as I write this. For the current state of our economic affairs, Tyler Durden of Zero hedge explains the active process well in his article “Petrodollar alert: Putin Prepares to Announce Holy Grail Gas Deal with China.” While the eyes of the world are transfixed in thousand yard stares at their televisions in a new reality show involving the disappearance of a Boeing 777, our wealth is being plundered.

This is all part of a process that ties together seemingly disparate events such as the Arab Spring, the take-over of Libya, the continued attempts to destabilize Syria, and, of course, our meddling in Ukraine. All of these events are interrelated, as are the so-called “banker deaths,” which are obviously much more. One simply has to step back and look at the big picture to understand exactly how we are being led into a global governance of wealth confiscation, redistribution and financial bondage.

Many have wondered why the federal government needs all of the ammunition and military style equipment on the streets of America. When people suddenly realize that they have no more retirement or savings left and no way to sustain themselves, it will get ugly. Some will be convinced that it was all a series of unfortunate misdeed, or some cosmic accident that Americans and those who trade with the U.S. dollar are unable to buy food, gas and other necessities. In reality, however, it was all planned long ago. Soon, we’ll see the effects of those plans.

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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Are We On The Precipice Of A Collapse?

Warning: Some viewers may find this information disturbing as they are awakened from their slumber.

 

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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If You Ever Wanted To Do Something, Do It Now. It’s All About To Blow Sky High.

by ajfloyd

The Russians pulled their Treasury bonds out of New York. And Russian corporations are pulling their money out of US banks. These are key signs that the dollar and the current US puppet government could collapse long before the 2016 elections. The dollar could never survive the sanctions Obama and Kerry are threatening. If we are lucky, President Putin of Russia and President XI Jinping of China, are too busy laughing at John Kerry to pay attention. It is not in China’s interest to force America into bankruptcy before China has squeezed every last gold bar out of US and London vaults. Their goal is to replace the dollar as the world’s reserve currency with a gold backed yuan.

America is on the verge of collapse. The occupying Power of the Bankers has bled us dry with their wars and their Ponzi schemes. They have stolen tens of trillions of dollars from our pensions and savings and sent it overseas. The Bankers are financially prepared if the dollar is collapsed when their puppet President imposes sanctions on Russia or makes some other strategic blunder in June of 2014 or maybe March 2015.

The dollar might survive past April of this year. But it might not. The dollar might even last a few months. But I don’t see how this precarious Dollar Bubble could possibly last until the next President takes office in January of 2017.

I have written of the clash between the Russo-Chinese alliance and the New World Order. But I do acknowledge that the West’s 30 families like the Rothschilds have extensive holdings inside Russia and China.

The Rest Of The Story Here

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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Nationwide Home Sales Collapse: There Is No Recovery and This Chart Proves It

Mac Slavo
March 20th, 2014
SHTFplan.com

 

Now may be the best time to buy a home. At least that’s what the majority of real estate agents in America will tell you if you ask them how the housing market is doing.

They’ll cite various statistics and give you a “feel” for the market from their personal experiences to convince you this is the case. But if you’re paying attention, then it should be clear that there is, in fact, no recovery in the housing sector. And any gains we may have seen over the last few years are nothing short of a Federal Reserve fueled mirage, much like the stock market.

The following chart from Bank of America is indicative of some serious fundamental problems, not just with the housing market, but the broader economy as a whole.

first-time-homebuyers

If you ask the experts they’ll give a host of reasons for why sales are down, as well as prognostications for why the real estate market is about to turn the corner and head back to new highs.

The weather, of course, is always to blame for lackluster sales in homes and consumer products, and that, apparently, is the case once again. But the National Association of Realtors has, for the first time ever, indicated that there is another key challenge facing home buyers.

Student debt appears to be a factor in the weak level of first-time buyers.

“The biggest problems for first-time buyers are tight credit and limited inventory in the lower price ranges,” he said. “However, 20 percent of buyers under the age of 33, the prime group of first-time buyers, delayed their purchase because of outstanding debt. In our recent consumer survey, 56 percent of younger buyers who took longer to save for a downpayment identified student debt as the biggest obstacle.”

Brown notes the survey results are for recent homebuyers. “It’s clear there are other people who would like to buy a home that are not in the market because of debt issues, so we can expect a lingering impact of delayed home buying,” Brown added.

NAR via Zero Hedge

The Rest Of The Story Here

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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On The Verge of an Economic World War 3

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line.

NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line.

Collapse of civilization

As any long-time reader of this column knows, we routinely draw from historical lessons to highlight that this time is not different.

Throughout the 18th century, for example, France was the greatest superpower in Europe, if not the world.

But they became complacent, believing that they had some sort of ‘divine right’ to reign supreme, and that they could be as fiscally irresponsible as they liked.

The French government spent money like drunken sailors; they had substantial welfare programs, free hospitals, and grand monuments.

They held vast territories overseas, engaged in constant warfare, and even had their own intrusive intelligence service that spied on King and subject alike.

Of course, they couldn’t pay for any of this.

French budget deficits were out of control, and they resorted to going heavily into debt and rapidly debasing their currency.

Stop me when this sounds familiar.

The French economy ultimately failed, bringing with it a 26-year period of hyperinflation, civil war, military conquest, and genocide.

History is full of examples, from ancient Mesopotamia to the Soviet Union, which show that whenever societies reach unsustainable levels of resource consumption and allocation, they collapse.

I’ve been writing about this for years, and the idea is now hitting mainstream.

recent research paper funded by NASA highlights this same premise. According to the authors:

“Collapses of even advanced civilizations have occurred many times in the past five thousand years, and they were frequently followed by centuries of population and cultural decline and economic regression.”

 

The Rest Of The Story Here

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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This “Too Big to Fail” Bank Is Going Down

Last week I told you about “The Coming Curse of Zombie Foreclosures.”

I described how folks – who thought they were foreclosed on – are suddenly finding out they are actually still on the hook for mortgage payments, taxes, and all kinds of maintenance on abandoned homes.

What I didn’t tell you is that the nation’s largest mortgage-issuing bank – and the most profitable bank in 2013 – may have been bitten itself by the very zombie foreclosures it breeds.

And now it could be a dead bank walking.

The bank I’m talking about is Wells Fargo.

The New York Post’s Catherine Curan dropped that bombshell last Wednesday when she was the first to report that bankruptcy attorney Linda Tirelli had unearthed a Wells Fargo “how-to” document that instructs bank attorneys essentially how to commit fraud.

Tirelli filed the 150-page manual in New York’s notoriously no-nonsense and hard-charging Southern District court on behalf of a homeowner in bankruptcy.

The “step-by-step procedure” document instructs Wells Fargo employees how to create (as in just make up out of thin air) an “endorsement” or an “allonge” to prove Wells Fargo is a homeowner’s creditor and therefore has a right to foreclose on the underlying property.

An endorsement is something a lender signs over to a new lender who is taking over the loan or mortgage. An allonge is a string of endorsements attached to a note (mortgage or loan) showing the actual chain of endorsements.

The Rest Of The Story Here

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
Phone: 720-299-7373
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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How The Coming Dollar Collapse Will Leave Americans Destitute

Written by: Daniel Jennings Financial March 18, 2014 0

us dollar reserve currencyAn increasing number of financial experts are saying the United States dollar is no longer a reliable and dependable currency – and that its downfall is inevitable. There are even some experts who think the dollar is so unstable that the Chinese Yuan will soon become the world’s reserve currency, or currency of choice.

“Our addictions to debt and cheap money have finally caused our major international creditors to call for an end to  dollar hegemony and to push for a ‘de-Americanized’ world,” investment advisor and financial strategist Micheal Pento wrote in an op-ed piece for CNBC.

Others agree.

“In my view the dollar is about to become dethroned as the world’s defacto currency basically,” Canadian billionaire investor Ned Goodman said. “We’re headed to a period of stagflation, maybe serious inflation, and the United States will be losing the privilege of being able to print at its will the global reserve currency.”

Goodman believes the US already is in another recession. The unemployment numbers are understated and the “real” unemployment number likely is closer to 15 percent, he said.

Over half of 200 international institutional investors surveyed by the Economist think that the Yuan will eventually replace the dollar as the world’s reserve currency. The reserve currency is the money most commonly accepted for international trade.

Why Reserve Currencies Matter

Having money with a reserve currency status enables a nation to dominate and control the world’s financial markets, as their currency is used for international trade and transactions. The US has the ability to maintain a $17 trillion national debt largely because the dollar is the reserve currency.

New book reveals how to keep this “gangster” economy from murdering your money…

A nation with a reserve currency can simply print money to pay its debts.

The Rest Of The Story Here

Peter is a Real Estate Broker at Professional Brokers Group (License No. 023000), covering the greater Short Sale area of Colorado.
Phone: 720-299-7373
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Helping Short Sale Realtor home owners avoid foreclosure with a short sale.
Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.



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