By Joan VeonIn 1913, at 11:45 p.m., on Dec. 23, Congress approved a private corporation designed to form a private corporation, designed to control the monetary system of our country. They moved with a calculated craftiness and deceit to pass legislation that would enslave every American as a debtor to their corporation.
To give you an idea as to where our country is with debt, as of September 2008, the [official] U.S. federal debt had reached approximately $9.7 trillion, or $31,700 per person. [As of October 2010, the national debt now stands at $13.6 trillion.—Ed.] However, when the unfunded liabilities such as Social Security, Medicare, and other social programs are added in, our total debt grows to $59.1 trillion, or $516,348 per household.
In 2005, the total personal debt, consisting of mortgages and consumer loans, was estimated at $11.4 trillion, with total U.S. household assets, including real estate, totaling $62.5 trillion.
Why it is Americans can’t forgive themselves the interest on the debt? Well, we don’t “owe” it to “we the people,” we “owe” it to the Federal Reserve and to foreign governments in the form of U.S. Treasury bills, notes and bonds.
As of two years ago, the top four foreign owners of our debt were: Japan at $592.2 billion, China at $502 billion, United Kingdom at $251.4 billion and oil exporters at $153.9 billion. Other owners of U.S. debt include Brazil, Caribbean Banking Centers, Luxembourg, Hong Kong, Russia, Norway, Germany, Taiwan and Switzerland.