I only went bankrupt three times. The last time I hid my ponzi scheme skimmings so that those that got scammed would never see their assets back. As a side benefit, Uncle Sam gave me eleven years free room and boards. Even new outfits like this one!
Americans *would not* be $18,000,000,000,000 in debt if the US and then the world did not go off the Gold Standard in 1971. Nixon gets the blame but it was actually Johnson a few years earlier by eliminating the backing of federal reserve notes (money) by gold, that killed the gold standard.
Living via various debt instruments has become the normal order of business, to the detriment of real people the world over. Business & industry are similarly burdened.
Govt’s everywhere borrow and kick the can down the road, a road with a finite length.
People used to save their money for purchases or use lay-away, Christmas savings accounts. Now it’s charge, charge, charge.
There’s a whole class of people who routinely drive themselves into the financial ditch, then use the bankruptcy courts to dissipate their legally incurred debt.
Do we even need to rehash about the millions living off others via the gov’t free money system?
I only went bankrupt three times. The last time I hid my ponzi scheme skimmings so that those that got scammed would never see their assets back. As a side benefit, Uncle Sam gave me eleven years free room and boards. Even new outfits like this one!