It’s Official: Federal Debt Will Never Be Paid

Mark Hendrickson teaches economics at Grove City College. He writes the "No Panaceas" blog at Forbes.com and is a contributing editor of the St. Croix Review. Hendrickson's most recent book is "God and Man on Wall Street: The Conscience of Capitalism" with Craig Columbus.


MoneyHoleA trillion dollars is a LOT of money. Stacking hundred-dollar bills flat on top of each other, a forty-inch stack would be one million, a stack one-and-one-half times as tall as the Empire State Building would be a billion, while a stack 631 miles high (from Pittsburgh to the other side of St. Louis) would be a trillion. That’s just one trillion. The national debt is approaching $17 trillion.

That is the official total. However, that figure greatly understates the problem by not counting unfunded liabilities. During the previous two fiscal years, the government added $2.6 trillion to the nominal national debt, but using GAAP (generally accepted accounting principles) the actual tally was over $10 trillion of new debt.

Estimates of total federal indebtedness vary according to the time frame one adopts and various assumptions about the future, but whether the actual figure is nearer $75 trillion of $221 trillion (economist Laurence Kotlikoff’s tally) the true federal debt is multiples of our GNP—an incomprehensibly high figure that can never be paid in full.

Contrary to Democratic protestations, our debt problem is essentially a spending problem. Look at this graph from the Federal Reserve:

Picture 2

The blue line is revenue and the red line is federal spending since the late 1940s. Uncle Sam clearly has not been starved for revenues, but it has proven impossible to keep up with the breakaway explosion in spending.

The crux of the spending problem is in the area of entitlements. Exhibit A: Federal revenues and budget requests (i.e., expenditures) for Fiscal Year 2011. Social Security, Medicare, Medicaid, and interest on the national debt totaled over $2.4 trillion versus that year’s total federal revenue of $2.3 trillion. Conclusion? What we usually think of as “the government”—the various departments, agencies, and bureaus—was financed entirely by borrowed money.

To add insult to injury, despite all the red ink, federal profligacy has continued. Absurd spending programs abound—everything from a $750,970 grant to a successful brewery, to $2 million for ten cupcake shops, to $150 million to study lesbian obesity. Program redundancy is epidemical—82 federal programs to improve the quality of teaching, 47 for jobs training, 160 to support housing, 53 to spur entrepreneurship, at least 116 financial regulatory bodies, and 56 programs to teach financial literacy (obviously not working, since we keep digging ourselves deeper into debt).

How did we get into such a mess? Here are three key reasons:

  1. The moral poison in our society that has caused us to find justifications to redistribute property. Americans who would never consider entering a neighbor’s house and taking some of his property think nothing of consuming some of their neighbors’ wealth if the government takes it on their behalf.
  2. The progressive ideology which transformed our concept of government from negative to positive law—that is, altering the primary function of government from trying to keep bad things, like violence or theft, from happening to us (negative) to actively trying to do things for us (positive). The problems with this are twofold: first, the government can’t give anything to anybody without first taking it from somebody else; second, once you decide that government should do “A” for Jones (say, help with his food) then why not “”B,” “C,” “D,” etc. (help with housing, medical care, retirement, ad infinitum with no logical stopping point); also, if you help out Jones, why not Schmidt, Gonzalez, Miller, and so on? In other words, progressivism is an ideology for the never-ending expansion of government spending.
  3. The perverse incentives of democracy, which impel politicians to gain popularity by conferring benefits while avoiding the negative backlash that results from raising taxes. Eventually, democratic pressures cause politicians to shift the burden of their grandiose spending plans onto those who are in no position to penalize them at the ballot box—Americans who aren’t yet voters, either by being too young or not yet having been born.

To repeat: The massive federal debt never will be paid. One reason is the simple economics of debt: The more debt there is in a society, the more current income is needed to service the debt rather than to produce new wealth. The marginal productivity of debt (that is, the amount of new wealth produced per dollar of new debt added) has been declining in the U.S. for half a century. During the 2008-9 financial crisis, it fell below zero. Whatever the figure is now, we simply aren’t able to get much bang for our additional debt bucks, sort of like a junkie in the advanced stages of addiction.

There is a more ominous reason why the younger generation will find it impossible to honor Uncle Sam’s extravagant promises: Already young people burdened with college debt are delaying marriage and having children. These trends will accelerate when future congresses raise taxes to try to fulfill its entitlement promises. The result will be a population implosion. That will further increase the per-person debt burden, generating a vicious cycle that will culminate in economic cataclysm and political volatility. The unaffordable spending spree of the last generation has created an existential threat to America itself. Without realizing it, we have been voting for a coming implosion of our population and the concomitant destruction of our own society.

The practice of spending today while asking future generations to pay for it was deemed immoral by earlier generations of Americans. Jefferson spoke for the majority when he described federal debt as “swindling futurity” and a mortal threat to liberty. If generations could shift the burden of their debts to future generations, said Jefferson, “then the earth would belong to the dead and not to the living generation.”

Jefferson asserted that no nation “can validly contract more debt than they may pay within their own age, or within the term of 19 years.” By what abstruse calculations he arrived at the term of “19 years,” I have no idea. In the Old Testament of the Bible, the jubilee principle stated, “At the end of every seven years you must declare a cancellation of debts” (Deut. 15:1, NET Bible © 2006). Today, as we drown in debt and the rising generation faces the prospect of being debt slaves, it is clear that we wouldn’t be in such a woeful fiscal hole if we had adhered to the principle articulated by Jefferson and the ancient Hebrews.

So, what can the younger generation do? At some point, they will have no choice but to repudiate the national debt. That may sound radical, but even if they don’t act to repudiate the debt openly, you can bet your bottom Federal Reserve Note that the central bank will repudiate much of our debt via the subterfuge of monetary depreciation.

Our younger generations would be justified in repudiating the debt. The heavy taxes they will be asked to pay for today’s deficit spending are unjust. They amount to taxation without representation. The younger generations are not contractually bound to honor federal debt. There was no quid pro quo—they didn’t receive the benefits of the federal largess that they are expected to pay for. Not only would they be justified in taking such drastic actions, they need to do so in order to have a chance to rescue themselves and the future of America itself from the above-mentioned potentially fatal population implosion.

What form may this repudiation take? At some point, when enough of them recognize the untenable position into which their elders have placed them, the younger generations will need to coalesce around a debt-cancelling political agenda. This agenda would consist of two parts: 1) paying off federal bondholders, foreign and domestic, at X cents on the dollar (perhaps using the immense inventory of real property that Uncle Sam owes in settlement of debts); 2) dismantling the pay-as-you-go format of federal entitlements and replacing them with accounts in each individual’s name (with their contributions making no detours into the federal Treasury)—a policy based on the time-tested principles of private property and voluntary cooperation rather than on compulsory participation in programs predicated on collectivized risk.

The second step is absolutely indispensable for both practical and moral reasons. To wipe out the existing debt, but then continue the bankrupt policies of using government to confer financial privileges and redistribute wealth would simply place their own children into the same abyss of debt from which they themselves had escaped, and to lay claim to the same benefits that liquidation of the national debt would deny to older Americans. Repudiation of the debt without abandoning the corrupt politics of the transfer society would be morally indefensible.

In short, the national debt, as destructive as it is and as badly as we need to eliminate it, is only the symptom. The actual disease is the modern democratic redistributionist state that grants favors, privileges, and benefits to some citizens paid for by others. We will reap the bitter fruits of what we are now sowing.

Freedom Center pamphlets now available on Kindle: Click here.

  • http://www.adinakutnicki.com AdinaK

    The economic implosion is sooner than most think, and this is indeed horrific, especially for those of us whose fortunes are tied into the dollar, regardless of where we live!
    And it is not as if this hasn't been visible, at least to those with any semblance of rational thought. But if ideology trumps all, then nothing convinces "true believers". Yet they too will be impacted by the wreckage – http://adinakutnicki.com/2013/04/10/the-intersect

    Hang on to your sanity! It may the only thing left of value.

    Adina Kutnicki, Israel http://adinakutnicki.com/about/

    • Caz

      I think lessons have been learnt from the recent economic downturn. What we say in 2009 onwards were the banks not actually taking risks which I believe stopped consumers and prolonged the recession.

      What we are seeing now, certainly in the UK, is the balance being re-addressed. Green shoots are beginning to show.

      Caz Jank
      Business Consultant
      http://www.myclinic4men.co.uk/ http://www.myclinic4women.co.uk/

  • Michael Copeland

    There is a word for “the modern democratic redistributionist state that grants favors, privileges, and benefits to some citizens paid for by others” – socialism. It does not work.

  • κατεργάζομαι

    As the U.S. federal debt is steadily climbing closer to $17 trillion and President Obama and the Congressional leadership are making statements that we "don't have an immediate crisis in terms of debt."

    Even three year old reports from the Federation for American Immigration Reform, claimed that the single largest cost of illegal immigration is educating the children of illegal aliens.

    Of the estimated $113 billion the U.S. spends on illegal immigration annually, roughly $52 billion goes toward educating the children of illegal aliens.

    OH! Let's have Open Borders!

  • Looking4Sanity

    It's a good thing you're raising these issues now. In another year or so they will be throwing you in prison for writing such critical facts. Probably get you an adjoining cell next to the guy who made that Muslim youtube video. We can't have the sheeple waking up in the middle of the cattle mutilation procedure! That could get messy.

    • κατεργάζομαι

      RE: "It's a good thing you're raising these issues now. In another year or so they will be throwing you in prison for writing such critical facts."

      I have had a dozen comments in the last hour alone, censored. Straight up posts,
      No comedy or sarcasm,

      Scary stuff.

      • Looking4Sanity

        Interesting. Might you have been using certain keywords that trip the auto-censoring software? Words like “soc_ialist” which contain the word “Cial_is” in the middle of them?

        • Looking4Sanity

          It is what it is.

          • HiPlainsDrifter

            Have you been to the Growl this morning? Looks mighty different…worse…

          • Growler

            We police our own ranks.

          • Growler

            …………and you four are on thin ice.

          • HiPlainsDrifter

            Looks like a great place for you wee….no Intense Database ….so you can spew to your rectum's content…

          • Kevin Stowell

            LOL So that's where that comes from?

          • HiPlainsDrifter

            Pretty obvious, KS….
            It's certainly not cerebral….

          • Kevin Stowell

            Wee doesn't work Sundays as far as I've seen. I'm sure I p/o-ed Alinsky earlier though. 'Told him about himself; you know how they hate that.

          • HiPlainsDrifter

            I saw the narcissistic quote you made to Wee/Alinski/Patriotfake….all work in the same office and sound like the same coward on different days in the collective menstral cycle…psychotic…

          • Kevin Stowell

            I worked as a unit secretary in a burn ward years ago, while still in school. 'About a hal-dozen nurses. That synchronization thing is not BS. Lawd amighty it would suck sometimes!

          • StollSoftener

            ……..and you are still sucking in sync.

          • HiPlainsDrifter

            That's why Rush suggested putting together the "the 1st US Amazon Battalion" … Brutal…!
            set them lose on the Islamist scourge…

          • Looking4Sanity

            GFYAH

          • 4Constipation

            Shouldn't you follow that up with Scripture, you friggen fraud?

          • Kevin Stowell

            He was greeting you. Play GFYAH backward, in your relentless search for hidden demonic messages.

            Do you always have to see the worst in everyone?

          • Looking4Sanity

            Matthew 18:

            4: Whosoever therefore shall humble himself as this little child, the same is greatest in the kingdom of heaven.
            5: And whoso shall receive one such little child in my name receiveth me.
            6: But whoso shall offend one of these little ones which believe in me, it were better for him that a millstone were hanged about his neck, and that he were drowned in the depth of the sea.
            7: Woe unto the world because of offences! for it must needs be that offences come; but woe to that man by whom the offence cometh!

          • Kevin Stowell

            Your police are rank.

          • Looking4Sanity

            "See? I Told You So." – Rush Limbaugh

            Nothing left over there but complete idiots, a few subversives and MAYBE one or two decent people still looking for a safe jumping off point.

            I am SO done with seeking common ground with perverts and morons. Let them wallow in what they have wrought.

          • Kevin Stowell

            I think a few thought I was jumping the gun a few years ago when I said the game's over and I really wanted to believe it isn't but there's just not much to hang onto these days in that regard. We got out of the way of the way-too-stupid for way too long.

            The price of liberty is eternal vigilance.

            I'm with you, **** 'em. As long as they keep their slacker-American paws off "my stuff (including pensions and investments)," I couldn't give a **** less what happens to them. If they don't, why should I?

          • HiPlainsDrifter

            I was reading Roger, last nite, trying in vein, to argue some sense into smerfie…that is an impossibility..
            .I gave up on that moron 6 months ago…
            Hard to pick the worst among the idiots there but the list is long…
            without Intense DataBase, I won't even look at it…

          • HookedOnFoniks

            Trying in vein?
            We always figured you to be an intravenous drug user.

          • HiPlainsDrifter

            you, like smerfie, a pathetic moron, in "vane" search for a cogent thought…

          • 4_Constitution

            Agreed. Their site will look like Floozies before too long. She kicked out all the conservatives FIRST and then the Ronulans next. They're just a dumping ground for the Ronulans. They're doing the same thing. Oh well. I've cut back on my commenting time anyway. I've set up some piano goals for myself and well as some other stuff. Reading this stuff just depresses me.

            Floozie is a subversive plants and so are Ronulans. I have no desire to read their Ron Paul/Alex Jones BS.

            We watched John Hagee yesterday morn and it was so encouraging. He was talking about the Rapture and what we have to look FORWARD to in Heaven and it's gonna be nothing like Obama's FORWARD!

          • Looking4Sanity

            Did you read the “What we are about” page? What a muddled and pathetic excuse for a mission statement THAT is! In fairness…it actually reflects the general atmosphere and the “goals” of the visitors (what few remain).Those who remain have been so brainwashed by political correctness that they couldn't find their butts with both hands and a flashlight. I don't believe they could come up with a moral compass between the whole lot of them.

          • 4_Constitution

            "We police our own ranks."

            We knew it ALL along that you don't believe in FREEDOM of speech.

            Your hatred of the 1st amendment is duly noted.

          • Looking4Sanity

            Yes. I've seen it. All I can say is that sometimes evil wins…as it apparently did in that case. There is no longer anything there worth seeing. Arguing with idiots is a fruitless endeavor.

          • Looking4Sanity

            It looks like an Alex Jones/ Ron Paul/ NAMBLA hybrid site.

          • Growler

            That is what you said about the Growl, before they evicted you.

          • Kevin Stowell

            "If you can prove a narcissist to be wrong, that is making him or her feel small and insignificant, a feeling that a narcissistic person hates. If there is a debate and you know that you are right about something and a narcissist is wrong, the best way is simply to present the waterproof evidence and then walk away, without too much explanation. If you start to talk about things or debate, a narcissist can magically turn things around and make it sound as if you understood them wrong, that they actually meant the same as you, but you just did not understand it. Another possibility is that they get extremely angry and hostile. Both are unpleasant options, so the best thing to do is simply to leave a narcissist alone."

            From: http://www.cheating-infidelity.com/Home/narcissis

            Please overcome your feelings of insecurity. You're a loser and that's the end of the story. You can help it but that requires balls, brains, and brass. Unfortunately, you have none of those. Good luck and happy trails!

          • 4_Constitution

            I have a strong feeling that smerf over on the growl is a wife beater.

          • Kevin Stowell

            Prolly wants to be if he's not already. 'Course we don't know which sex his "wife" is either so…he might have his hands full. :o)

          • Looking4Sanity

            Indeed. It is becoming obvious that ignoring these anonymous swine is going to be a "best practice" moving forward. If they are too cowardly to go on the record, what credence CAN we give to anything they say?

          • Looking4Sanity

            It's easy to lie when no one knows who you are, isn't it, coward?

            Try logging in and selling that BS.

  • mitkanadam

    Paper money is already worthless. When the SHTF the "grasshoppers" will be looking for the "ants". The Police will not be able to protect the "ants" since they will be busy protecting themselves and their families. Meanwhile the government will have placed "common sense" restrictions on the Second Amendment which will deprive the "ants" of a means of protecting themselves. Meanwhile, the "grasshoppers", being "grasshoppers", will not have turned in their means of protection.

  • retired

    This situation can not go on,it will fall apart in the near future.Long before this financial insanity reaches the breaking point the issues will migrate into the political arena. Once the need for a solution reaches the politicians it will hit a wall.Our political leaders in Washington have no idea as to what to do to remedy the problems,they are way over their heads.It must be understood that most of the political types have only one real talent,an instinctive ability to understand and manipulate the base,negative instincts of the people they supposedly work for. Most of our political leadership are hacks,jumped up used car salesmen,people who under different circumstances would be going door to door selling defective vacuum cleaners to old ladies!Not the sort to come to grips with the huge decision which will need to be made. Their constituents are entitlement junkies,the minute the gravy train stops the mobs will start burning down the neighborhood.These mobs will use the politicians as tinder and fuel for the fires!All of this is coming up in the near future,not some time 5 or 10 years down the road!

    P.S. To be fair to Washington,the problems are so big that I doubt if there are any solutions to the problems short of upheaval & chaos in the near term;sort of like heart surgery without anesthesia!

  • digdigby

    That is 1 and 1/2 million to study fat lesbians not 150 million. Are they lesbians because they are fat or are they fat because they are lesbians? I can hardly wait till they find out – it is well worth the money.

    • annie Walker

      It is, isn’t it?

  • Chezwick

    "The perverse incentives of democracy, which impel politicians to gain popularity by conferring benefits while avoiding the negative backlash that results from raising taxes. Eventually, democratic pressures cause politicians to shift the burden of their grandiose spending plans onto those who are in no position to penalize them at the ballot box—Americans who aren’t yet voters, either by being too young or not yet having been born."

    This folks, is what I've been referring to since the last election as the FAILURE OF DEMOCRACY. Insurmountable debt is a fixture of almost every long-established democracy (USA, Europe, Japan) in the world. I

    I've always been a vocal proponent of democracy and have defended it passionately. I've always believed in its moral and practical utility. But I can do so no more. It is neither moral nor practical when it means passing on to our descendants $ trillions in debt so that we could live well.

    I don't quite know what kind of system of government to advocate for, but it's along the lines of a technocracy. I do realize that without political opposition and a free press, corruption is much more likely.

    Truth is, I'm at a loss. But one thing is clear, from the USA to Europe to Japan, the democratic ,model is an abject fiscal failure.

    • WVBORN56

      Chezwick, democracy still beats all the other options. We simply need to do a few things to make it work. First pass term limits, a balance budget amendment and scrap federal income taxes for starters and then abolish the IRS and the dept. of education.

      • Chezwick

        All very good points. But if Democracy is the solution, why haven't we already implemented these policies?

        You can blame it on our liberal media, our liberal culture, our liberal education, etc. But fact is, we're in the mess we're in because voters wanted and voted for the entitlements…and again, no long-established democracy in the world seems to have avoided the fiscal dead-end we find ourselves in.

        Believe me folks, I want to be proven wrong….desperately so. I just don't see it happening.

        • kevinh

          Ideology, worldview, morality, and demographics are the problems. And I'm unclear how a technocracy would do anything differently, when it's the Harvard and Yale graduates that got us into this mess in the first place. Do we have any better schools that can crank out graduates with more hideous moral ethics and expect them to change our course in any way?

          • Chezwick

            "Ideology, worldview, morality and demographics" are realities confronting EVERY society. Democracy has clearly failed us in meeting these challenges.

            As for your point about a technocracy, I think it's a damn good one.

            Back to the drawing board.

    • tagalog

      As was said by more than one of our Founding Fathers, a democracy without some system of virtue to sustain it, such as Christianity, must fail.

    • retired

      The answer,Chezwick is that in the beginning we did not have full blown Democracy.Democracy,in it's modern form,was devised by the 19th century European Aristocracy to buy off the underclasses & stay in power behind the scenes.It was a punch & Judy show,mostly theatre, in which the working classes received some benefits & the political illusion of popular rule,by way of parliaments & the right to vote. .Behind the scenes the outcomes were managed & manipulated.Our Founding Fathers were leery of this form of government,they knew what had happened to democracies in their own past,they degenerated into mob rule.Ben Franklin said that democracy was a system where "2 wolves & a sheep voted on what to have for dinner".
      What we received from our Founding Fathers was a Constitutional Republic which would have minimum powers.The states would have most of the power within their state borders.We had a system of "checks & balances" which kept to a minimum the abuses of power from Washington.This worked well for over 120 years & America prospered.In 1913 "democracy ,European style,invaded America.In 1913 Woodrow Wilson,the original Carter/Obama,came to power as the puppet of the Central Bank of England.After 3 attempts the British finally reconquered their lost American Colonies.The Federal Reserve Bank was set up to administer the new realities in America!The Federal Reserve is a privately owned organization,not a part of the government.The Federal Reserve Bank is as federal as Federal Express.Wilson was the first College Intellectual,the first social engineer,to become president of this country.Roosevelt,L.B.J., Carter,& Obama followed in his footsteps.These leaders got us,over a hundred year period,into the mess we are in today.If some people are confused as to what Central Banking & our current problems have to do with each other let me explain. Wilson,& all of the subsequent Democratic progressives & Socialists understood that their statist,elitist "social engineering"programs needed huge sums of money,the Federal Reserve Bank would supply the needed funds.Central Banking is just a gigantic Pyramid swindle,embezzlement gone wild.The Federal Reserve Bank (Central Bank) by way of Fractional Reserve Banking & Huge amounts of leverage(20x,30x, & more) would supply the cash to implement these progressive programs & leave plenty on the side for political graft! It was a partnership made in Hell.The politicians would get all the funny-money they needed,money created out of thin air, to run their programs & stay in power for as long as they liked.The Central Bankers at the Federal Reserve would get political cover from Washington to financially rape the country & redistribute America's wealth upward to the ruling financial elites.We no longer have a country governed by constitutional law.We are ruled by a financial/political establishment elite which says that the law is whatever they say it is.We have become European!

  • Liason

    the democratic model is NOT a failure…ikts when socialist brats infect the system with anti capitalist hype that people begin to see the systm as unjust…its not. You get as high up the mountain as you are willing to climb…to those who quit go the spoils of poverty and the infection of communism and a welfare mentality. Therein lies the failure…not democracy. Look at history comrade Chezwick!!

    • Looking4Sanity

      Democracy has failed every time it has been tried, just as Soc_ialism/ Communism/ Marxism/ Nazism/ Fascism has failed. That is WHY we were founded as a Constitutional Republic. The only reason we are failing is because our own government now views the Constitution with contempt and the Laws are not being enforced. Enforcing the Law is the responsibility of the Executive branch…ie: Oballah.

      Democracy = majority tyranny! Go read the Federalist Papers and educate yourself, you cretin.

  • guest

    Our deficit should fit the legal definition of "Odious Debt".
    https://en.wikipedia.org/wiki/Odious_debt

  • tagalog

    If it can be called good news, the good news is that EVERYBODY in the world is broke. Two things will come from that: 1. the end of the welfare states, which are now clearly too expensive to sustain; and 2. we all will just go broke together and start up again together. Of course, there will be many who will fall by the wayside and of course the sick and elderly will die early deaths, but bad as that will be, it will be in line with the natural order of things. It won't be fun, but it won't be the end of the world. Most people will come through it more or less all right, just a lot poorer.

    • Chezwick

      Friend, I think you're right, but let's keep in mind, #2 of yours might just include periods of total anarchy and/or a monstrous revolution. Economic implosions rarely if ever occur without a corresponding political transformation. Orwell's prophecy may just be realized…..a totalitarian monstrosity built on the ashes of a failed civilization.

      • tagalog

        Remember, even Orwell in Nineteen Eighty-Four found room for hope in the ordinary people of the world, who will prevail no matter what, and shape the future. Hopefully, there'll be room in that future for systems of virtuous self-government. Maintaining the right to keep and bear arms will help that result come about. The powers that be can't monitor everyone all the time.

        • Chezwick

          My God….a pure, unapologetic optimism. My hat to off to you, amigo.

          • Chezwick

            I was being absolutely sincere. I admire your optimism, though i don't share it.

          • tagalog

            Thanks. Nice of you. I believe you were being sincere. Somebody is going to say "get a room."

    • Dana

      Easy to say now tagalog … but what will you say when you have cancer?

      My point is not to defend government excess, but rather to point out that the suffering endured as a consequence of Liberal policies will sow terrible effects on people.

      And we know how that ends. The Allies punished Germany for the crimes of the Kaiser and his socialist master minds. They let what flows naturally flow downhill – destroying the lives of millions of Germans including those who had lost their breadwinners as well as their sons and fathers.

      I think we can safely say that if the fertilizer hits the ventilating device as it happened to Britain in the 70's, we will be very, very fortunate if the new diversified, tolerant Americans do not explode into a violent rage.

      • tagalog

        I don't have cancer, but congestive heart failure. My wife is the one who has cancer. I'm 66, on Medicare for two years and Social Security for almost one year. We are among those oldsters who will fall by the wayside. There's nothing we're going to be able to do about it, implosion or not. Admittedly, like many of my aged peers, I hope to die quickly and not linger. What I said is what I stand by. The welfare state has got to go.

        I know, I know: "What's the Matter With Kansas?" Bronx cheer.

      • Drakken

        Make no mistake, history is repeating itself like clockwork, war is on the horizon and coming to a multicultural neighborhood near you, it is going to break down to economic, racial and religious lines. The Balkanization of the west is almost complete, once it kicks off it will make the atrocities of the past pale in comparrison. This is a cold hard Teutonic fact.

        • tagalog

          The only thing that is missing so far is some Western state falling prey to totalitarianism or monarchism, and an interlocking network of alliances that insures that as soon as somebody starts sending punitive expeditions or invading, all the world will be plunged into the holocaust.

          But Islamism appears to be a functional substitute for that. Just let Saudi Arabia get together with the "Palestinians," the Egyptians, and the Iranians and we'll be off and running.

          Sadly, all the target practice in the world is not going to save the individual American from harm. We will be hit from some unanticipated direction by surprise.

    • Drakken

      You completely forgot the 3rd thing . War, it always becomes the deciding factor of everything.

  • surfcitysocal

    Um, please fix the typos in the first paragraph and I'll tweet this very, very good story.

    • tagalog

      Yeah, I think he meant to say the pile half again higher than the Empire State Building represents a BILLION, not a million, dollars in $100 bills.

  • Barry Cooper

    I like the boldness of your thought, but you have only diagnosef half the problem. The perhsps more important, enabling half is the fundamentally predatory nature of allowing legally empowered cabals to create money ex nihilo, and thus unearned claims on the productive labor of the rest of us. We can kill two–perhsps three–birds with one stone. My analysis and solution is here: http://www.goodnessmovement.com/Page23.com

    • Rob

      Troll with dead link.

  • UCSPanther

    The world has entered the event horizon of the debt vacuum…

  • Anamah

    Sociopaths are driving the country to unpleasant unknown dimension… the sad thing is that's our country, the one we loved and admired…how long are we going to act as total idiots?

  • Gary

    Now you kmow why gun control is being pushes so hard now

  • nubwaxer

    same o, same o right wing extremist discredited propaganda. spending always mentioned means war on the poor. revenue shortfall is never mentioned and ultra rich owner class people like mitt romney and warren buffet who pay 15% in income taxes look down from their entitled place above everyone else.
    most mortgages will never get fully paid, student loans won't get paid, credit cards won't get paid. meanwhile the income of the 1% has grown by over 300% in my lifetime.
    by the way, the usa owns resources valued at between $68 to 128 trillion so how are we broke?

  • 080

    The Keynesian position is that the debt of the U.S. government is the wealth of the American people. After all the debt is money owed to the people. But where does the government get the money to pay off the debt? From the people. We owe the money to ourselves. The bondholders pay themselves.

  • WatcherOntheWall

    We are not a Democracy, we are a Republic. [should I say, we were a Republic. . . ]

  • SteveD

    The one kind of debt we are not worried about is government debt. That’s because governments have little problem paying it. They do not need to balance their budget with tax revenue, because their central bank can simply print the money. On balance, the overall public debt rarely needs to be paid down. As Adam Smith noted in The Wealth of Nations, no government in history ever has paid off its public debt.The problem is that “fiscal responsibility” is economically irresponsible, as far as full employment and economic recovery are concerned. less government spending shrinks the circular flow between the private sector’s producers and consumers. However, I find it mind boggling that the Great Treasury Raid of 2008 has continued unabated with barely any public awareness. No one is looking at motives. Let’s look. Motives of the .01% are: 1) make lots of money, 2) make government impotent and unable to interfere with the money making through taxes or regulation, and 3) consolidate political power by widening the gap between rich and poor. So, how does the .01% achieve a paradoxical objective like big government outlays for themselves and smaller government outlays for the 99% rabble? Bipolar economics. Use congressional minions to shrink government through fiscal policy and use the Central Bank to fatten .01% coffers through monetary policy. Have the same congressional minions continue the divide and conquer policy by pitting environmentalists against “business” with the lie that there “isn’t enough money” to do what needs to be done. This is not a .01% conspiracy, just rich and powerful people pursuing a dual motive – more dollars for themselves and less dollars for government services. It’s a scam of the highest order.

  • SteveD

    Paid for by others? Hendricksen believes that if others have LESS, he will have MORE. This is outmoded thinking based solely on commodities based economics (the gold standard). Since 1971 the U.S. has been Monetarily Sovereign. The author has no understanding about sovereign currency issuance. An entity which has a free floating, non-convertible currency with all debts denominated only in the same said currency will have absolutely no possibility of default. By extension, Henricksen’s children or grandchildren will never have to “pay down” the federal debt. The only limitation to “out of control” federal spending is inflation. I am sure that Hendricksen, (who seems to love FRED graphs) can look up and see that there is zero link between federal deficit spending and inflation. As a side point, as deficit spending enters the economy, those dollars are taxed. Those tax dollars remove $$ (currency drain) from the economy in a proportion that actually prevents inflation. It’s simple math. Federal spending (adjusted for inflation) creates net financial assets (added reserves). Federal taxing creates net financial drain (on reserves). Federal tax dollars are essentially destroyed, becoming simply a drain on reserves. Federal deficit spending (remember, a federal deficit is “spending BEYOND taxation”), which is also a reserve drain, offset dollar for dollar by the “sale” of U.S.Treasury Securities which “soak up” excess reserves. Federal debt is a non-problem. However, private debt is STILL a very serious problem. Next time Henricksen, cast your fears and misguided outrage at that, instead of the non-problem of federal debt.

  • SteveD

    “Absurd spending programs abound—everything from a $750,970 grant to a successful brewery, to $2 million for ten cupcake shops, to $150 million to study lesbian obesity. Program redundancy is epidemical—82 federal programs to improve the quality of teaching, 47 for jobs training, 160 to support housing, 53 to spur entrepreneurship, at least 116 financial regulatory bodies, and 56 programs to teach financial literacy…”
    Hendricksen seems to hate the private sector. All those federal dollars are stimulus for the privater sector. All that $$ is spent back into the economy, hence an economic stimulus. Hendricksen has zero understanding of Monetary Sovereignty. Try this simple equation, Mark:

    GDP=Federal Spending + Private Spending + Private Investment + Net Exports.
    To increase GDP, either federal spending or private spending MUST increase. With population increases, FED regulated inflation and a current account balance deficit, GDP must continually increase. With the private sector still de-leveraging, ONLY federal deficit spending can at this juncture, INCREASE GDP!

  • Ame Kindasia Oaikhena

    MARIAN LAWSON TRUST LOAN FIRM

    DEAR LOAN SEEKER

    *Do you need a loan to pay off your debt?

    *Do you have bad credit ?

    *Do u you need loan to start doing business? if yes, MARIANLAWSON TRUST LOAN FIRM, are Granting you personal loan, Business loan, mortgage loan,

    Construction loan, Debt loan, Student loan, Auto loan, e.t.c. loan is of any currency with any amount calculated @ 2% interes rate

    if u are interested kindly send
    response to:

    marian_lawson@aol.com

    *Full Name:_________

    *Address:_________

    *Tell:_________

    *loan amount:_________

    *Loan duration:_________

    *Country:_________

    *Purpose of loan:_________

    *Monthly Income :_________

    *Next of kin :_________

    *Fax number:_______

    *If you applied before?_____

    *Awaiting your Responds

    marian_lawson@aol.com

    Best Regards
    marian lawson

  • charles

    Do you need loan instant,then get back to us via:(charles.financialloancompany02@gmail.com)

  • Mr Guest

    i think in the beginning one time when you said ‘million’ maybe actually ‘billion’ was meant.

    • Maron Williams

      HOLY APOSTLES CATHOLIC CHURCH LOAN FIRM

      EMAIL ADDRESS—holyapostlescatholicchurchloan@gmail.com

      HEAD OFFICE—–47 Cumberland Street, London SW1V 4LY United Kingdom

      **********************************************************************************

      Welcome to HOLY APOSTLES CATHOLIC CHURCH LOAN FIRM we are international Christian loan firm and Lenders that has offered Loans to various individual and firms in Europe, Asia, Africa and other parts of the world,Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? We offer all types of loan, please email us back with the amount and duration of the loan you require.

      STAY BLESS

      REV.FR. VINCENT HARRY

      SIS ELIZABETH NICOLAS [ASST]

      HOLY APOSTLES CATHOLIC CHURCH LOAN FIRM

      EMAIL ADDRESS—holyapostlescatholicchurchloan@gmail.com

      HEAD OFFICE—–47 Cumberland Street, London SW1V 4LY United Kingdom

  • Jeannie Lillegaard Jensen

    why do you call social security an entitlement. This is the money that belongs to seniors. If our so called entitlement is taken from us, there will be no bank payments for mortgage, no groceries to buy, no car payments, etc. This was a trust that was set up for the seniors, and should not have been messed with. If we lose it, my husband and I will take our last check, and march into Washington. What will the president do with hundreds of thousands of people marching into WAShington, madder than hornets. What will they do then, shoot their grandparents. I am saying now, that nothing should do away with social security. I will go one step further, and say, Mr. President, I will give up three months of my social security if you will give up your salary…I would do that for my country, what would you do, Mr. Obama???

  • Tina Penny

    Do you need an urgent loan to pay for your bill? . here’s a chance we
    offer credit to those who are ready to apply and submit our
    condition, so if you are interested in a loan for our company then you
    have to email us now……

    Email: am.credito@blumail.org

    Thanks

  • Mrs.Lisette Robinson Garrett

    My Name Is Mrs.Lisette Robinson Garrett From Canada, An X-Scam Victim and how i get back on my feet and be a personal business owner with cars and landed properties…. This is to announce to the general public about a legitimate lender online.

    HERE IS MY SUCCESS STORY:

    I was in a critical search of a genuine loan lending company were i can obtain a loan of $180,000.00USD some lender’s that Came to me sheep clothing i never know they where fraud until i was given the terms of their loan and i agreed eventually i was scammed they scammed me of my hard earn money up to four lender’s that scammed me the sum of $27,000.00USD and i though that all is over that there can never be any other genuine lender until my Husband’s Friend Mr. Garrett Lugard the general manager of Cotsat and cotsat company told me that there is a genuine lender that he obtained a loan of 1.5 Million Dollars At 3% interest rate From that makes him own a private business and a house of his own he Referred me to a company Mr.David Harrison Loan Company ,E-mail: david.harrison071@gmail.com Where he obtained the loan of ($1.5 million Dollars) i told them how referred me to them i applied for a loan of $180,000.00USD after my application and i sent to them the useful information for them to process my loan after 4hours i received a notification From their company that my loan has been approved and processed in the next 4hours my loan of $180,000.00 Dollars was transferred into my account. And i promise them for coming to my rescue i am going to spreed the good news to the entire world ABOUT DAVID LOAN COMPANY IS THE BEST IN THE WORLD.

    And tell them i Mrs.Lisette Robinson Garrett referred you to them and your wish will be fulfilled…

  • Woode Financial Services

    WOODE FINANCIAL SERVICES.

    Woode Financial Services is a Register / Accredited Financial Company Which Provides a high standard of financial (LOAN) services to private and corporate clients. Do you need funds as investors? Are you in financial mess? Do you need a loan? We offer loan from the range of $5,000 to $5,000,000 (USD, EUR, GBP) OR EQUIVALENT IN OTHER CURRENCIES its. We offer loan at an annual basic interest rate of 3% from a duration of 1 to 35 years to clients serious and trustworthy! Clients are require to pay back our loan repayment by monthly installment after 1 year of Receiving his / her loan funds. Interested borrower is Their advice to forward request to us via e-mail: woodefinancialservices@gmail.com

  • Hateroftheproblem

    The US has not been monetarily sovereign since the creation of the Federal Reserve, every dollar printed is loaned to us with interest. To even make a payment on the interest, more money has to be printed (and loaned with interest), compounding the debt until you have what you have today. Since the Government is obviously running on borrowed money, as evident with the government shutdown, why would congress have to vote on debt ceiling issues every 3 months? They have no choice but to raise the debt ceiling. Why not just pass legislation raising the debt ceiling to infinity? Sounds crazy huh….. When we quit sending millionaires and billionaires to run shit….. things may change. Power to change things lies with the masses, but only if they open their eyes and make it a priority to find out what is going on. Find out who and what the Federal Reserve is. Find out why we are a war mongering nation, that preys on third world countries and their resources. Find out why we can’t afford medical insurance, medical costs, decent housing and food for millions, but we can afford to spend TRILLIONS on a “War on Terror” that doesn’t exist. Find out the real causes of the financial crisis and take back the billions made by those who created this shit, and send some of these old money making farts to prison. Bring G.W. Bush and his whole gang up on conspiracy charges, seize their assets, and send their asses to prison too. If we ran our lives like the Government runs the life of our country, we would be in prison for life. Without parole.

  • Mr Calvin

    Are you need an urgent loan? Do you need any kind of loan to start up a business? Do you need a loan to buy a house or a car? Or do you need a loan to pay your bills or to take care of your self? If yes email us today at (georgeanderson.loanfirm255@gmail.com) and get your loan..

  • Joni Dale

    Hello My Dear,
    i am Joni Dale from Los Angele’s in United State of America am testifying of a company that have human feeling and God fearing person, who i meet in yahoo answer in not less than 48 hours ,i was looking for a private Loan company where i can get a loan of about 190,000us dollars .so i saw someone testifying for a company that give her a loan of about 60,000us dollars within 24 banking hours’ Then i contact the company because i don’t believe in testimony, so i just say let me try if the company can help out of my financial problem, Mr. David Harrison mail me and he said i should fill the form that was send to me that will enable them proceed on the loan immediately and i did and i follow all the process with they give me , so to my greatest surprise the loan was transfer to my bank account not less than 24 hour. I don’t know the kind of financial problem that you are having or you are have a dream of having your own house. this is the company that can make your dream come true email them today at david.harrison071@gmail.com and you will be happy as i am today

    Thanks

  • John Devlin

    Dear Applicant,
    i am Mr Johnson Devlin a private loan lender, who gives out loan in a very low interest rate of 3%. we give out all kind of loan like Educational loan, Business loan, home loan, Agricultural loan, Personal loan, auto loan and other good Reason, I also give out loans from the range of $5,000USD- $50,000,000.00USD in both Dollars Euro and Pounds at a 3% interest rate. Duration of 1- 15 years depending on the amount you need as loan. contact us via email: devlinloanfirm@yahoo.com

  • TUMUSIIME

    Hello Every One,
    My Name is TUMUSIIME MICHAEL , i live in USA and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through a serious problem as my husband encountered a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and i could not afford the bill for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i run to my father and he was not able to help, then when i was browsing through yahoo answers and i came across a loan lender Mr Marc V. Moyes who provides loans at an affordable interest rate and i have been hearing about so many scams on the Internet but at this my desperate situation, i had no choice than to give it an attempt and surprisingly it was all like a dream, i received a loan of $45,000 USD and i payed for my husband surgery and thank GOD today he is okay and can walk and is working and the burden is longer so much on me any more and we can feed well and my family is happy today and i said to my self that i will shout aloud to the world of the wonders of GOD to me through this GOD fearing lender Mr Marc V. Moyes and i will advise anyone in genuine and serious need of loan to contact this GOD fearing man via marc.moyes071@gmail.com and i want you all to pray for this man for me his email is ( marc.moyes071@gmail.com )

    THANKS

  • Gambling Stories

    There is no way to cover debt you gamble with

    http://www.gamblingstories.com

  • Hilary James

    hello
    my name is samary i get my loam of $60,000 form Lady Marian she is a nice woman am so happy now email her on
    Ladymarianloanfunds@aol.com
    if you need a loan you can get form her okay…

  • Mrs Waiter Kerter

    My Name Is Mrs Robbin Slitter I want You all To be careful there.nobody can help you here or even suggest how you can get financial help.any answer of a loan lender to your question,you MUST ignore,because they are SCAMS…real SCAMS…i was a victim of which i was ripped thousands of dollars…well thank God for a Lauren Loan firm,I was referred to by my cousin,who is by name,Mr.Robert Paul Of pay day loan firm.They made my life a valuable one,and gave it a meaning.I was approved loan of $90,000.00 USD AND IN 28 HOURS after meeting up to their necessary requirements,my loan was deposited in my bank account.Though I was very nervous with the loan firm at the first place due to my previous bad experiences,especially when the issue of me settling the transfer charges came up,I hold on to my faith due to the fact that my relative referred me,got it cleared,and as God should have it.little did I know that my financial shortcomings has come to a final HALT .If not for that quick referral from a relative of that genuine source ,I would have regretted my total life,because at that point in time I just divorced the father of my daughter,and my daughter (Jenifer) was faced with a ” between life and death ” situation ..I was faced with her hospital bills and was also faced with foreclosure at my apartment.Details of the GOD SENT and RELIEVING source won’t be disclosed to you for now, for fear of impersonation ( because it has being discovered that some persons are not really in need of financial help,but are there to impersonate real loan lenders through their phone numbers and email accounts,and acting to be them where necessary to those in real need)…I couldn’t comment on your post because it was a public place and I fear you would fall into the hand of all these fraudulent loan officers (even in US) like how they ripped me off.You must be able to convince me real hard,and provide good proofs,before I can give you the full details of this legitimate loan officer..Their charge is very affordable and reliable compare to many out there,their interest rates just 2%,little documentation,and little credit check(irrespective of your credit score,but you MUST have a good and liable income source) Her Name is Mrs Lauren Phelps Feel free to email him at his via Email:laurenphelps098@gmail.com ” and you will be free from scams. thanks as you read the greatest testimony of my life.

    Mrs Robbin Slitter

  • Member

    Hi everyone here. What Christine Coleman said is very true though i may not know her. I experienced it first hand also. It was this organization called fidelity loan firm (f.l.f)that really helped me to pay my medical bills when i was in dare need of money because i am a widow. A friend of my also directed me to them. when i was about to do a major operation and i had no money at that time, they came to my rescue and in less than 48 hours, i got my loan. But to say the truth, i was nervous and scared at first because i have been scammed twice. But when i summoned up courage and follow their lending policies along with my friends advice, at the end i found myself smiling. If not for them, maybe i would have been dead by now. I have even taken another loan from them start my business after my recovery which i am also paying back now. My only advice now is that any body who is really in need of loan should contact them with their email via: santoloanfirm@live.com and get a loan from them. Thanks.(Olivia)

  • Richard

    Do you need a Loan to start up a business or to pay up your bills ? We give out Loan at 3% Interest Rate ,if Interested Kindly send us your,Name,Amount Needed,Duration,Phone Number,Address,Country and Monthly Income Via Email to richardloan69@gmail.com.sg

  • Member

    Hi everyone here. What Christine Coleman said is very true though i may not know her. I experienced it first hand also. It was this organization called fidelity loan firm (f.l.f)that really helped me to pay my medical bills when i was in dare need of money because i am a widow. A friend of my also directed me to them. when i was about to do a major operation and i had no money at that time, they came to my rescue and in less than 48 hours, i got my loan. But to say the truth, i was nervous and scared at first because i have been scammed twice. But when i summoned up courage and follow their lending policies along with my friends advice, at the end i found myself smiling. If not for them, maybe i would have been dead by now. I have even taken another loan from them start my business after my recovery which i am also paying back now. My only advice now is that any body who is really in need of loan should contact them with their email via: santoloanfirm@live.com and get a loan from them. Thanks.(Olivia)

  • Joe Duane

    We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG’s.
    This offer is open to both individuals and corporate bodies.
    If in need of our services, contact me for detail information.
    Thank you,

    Mr.Joe Duane
    email:jduane076@gmail.com

  • james

    Hello,i am Mr Benson, a private loan lender who
    gives life time opportunity loans. Do you need an
    urgent loan to clear your debts or you need a
    capital loan to improve your business? have you
    been rejected by banks and other financial
    agencies? Do you need a consolidation loan or a
    mortgage? search no more as we are here to make
    all your financial problems a thing of the past. We
    loan funds out to individuals in need of financial
    assistance, that have a bad credit or in need of
    money to pay bills,to invest on business at a rate of
    2%. I want to use this medium to inform you that
    we render reliable and beneficiary assistance and
    will be willing to offer you a loan. So email us today on
    bencoloanhome@hotmail.com

  • james

    Hello,i am Mr Benson, a private loan lender who
    gives life time opportunity loans. Do you need an
    urgent loan to clear your debts or you need a
    capital loan to improve your business? have you
    been rejected by banks and other financial
    agencies? Do you need a consolidation loan or a
    mortgage? search no more as we are here to make
    all your financial problems a thing of the past. We
    loan funds out to individuals in need of financial
    assistance, that have a bad credit or in need of
    money to pay bills,to invest on business at a rate of
    2%. I want to use this medium to inform you that
    we render reliable and beneficiary assistance and
    will be willing to offer you a loan. So email us today on
    bencoloanhome@hotmail.com

  • User

    My name is Mr Paul Ferdinand, i am from Chicago USA, married, i have been searching for a genuine loan company for the past 3 months and all i got was bunch of scams who made me to trust them and at the end of the day, they took my money without giving anything in return, all my hope was lost, i got confused and frustrated,i find it very difficult to feed my family, i never wanted to have anything to do with loan companies on net, so went to borrow some money from a friend, i told him all that happened and he said he can help me, that he knows a loan company that can help me, that he just got a loan from them, he directed me on how to apply for the loan, i did as he told me, i applied, i never believed but i tried and to my greatest surprise i got the loan within 24 hours, i could not believe, i am happy and rich again and i am thanking God that such loan companies like this still exist upon this scams all over the places, please i advise everyone out there who are in need of loan to go for fidelityloanfirm@outlook.com they will never fail, your life shall change as mine did.

  • User

    Hello,i am Mr Daniel, a private loan lender who gives life time opportunity loans. Do you need an urgent loan to clear your debts or you need a capital loan to improve your business? have you been rejected by banks and other financial agencies? Do you need a consolidation loan or a mortgage? search no more as we are here to make all your financial problems a thing of the past. We loan funds out to individuals in need of financial assistance, that have a bad credit or in need of money to pay bills,to invest on business at a rate of 2%. I want to use this medium to inform you that we render reliable and beneficiary assistance and will be willing to offer you a loan. So email us today on fidelityloanfirm@outlook.com

  • User

    Good Day I am Mrs (Vicky) from United state of America, i stayed in Alabama, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the above company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account 24hrs later, i was surprise and feel glad, now i now have a standard business control agent who help me, now i will advice those who need urgent loan to contact her at fidelityloanfirm@outlook.com he is a very God man and I know that he will help you immediately.. Below is he loan encouraging words. For loan lenders Are you financially down and need loan? Do you need loan to pay off credits and debts? Do you need finance to set up your own business? Do you need loans to carry out large projects? Do you need college loan? Do you need funding for various other processes? email contact: fidelityloanfirm@outlook.com

  • james

    Hello; i am Mr benson; a private loan lender who; gives life time opportunity loans.; Do you need an urgent loan to; clear your debts or you need a; capital loan to improve your; business?; have you been rejected by; banks and other financial; agencies? Do you; need a consolidation loan or a; mortgage?; search no more as we are here; to make all your financial; problems a thing of the past.; We loan funds out to individuals; in need of financial assistance; that have a bad credit or in need; of money; to pay bills; to invest on; business at a; rate of 2%. I want to use this; medium to inform you; that we render reliable and; MR FRANK (bencoloanhome@hotmail.com)

  • User

    Good Day I am Mrs (Vicky) from United state of America, i stayed in Alabama, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the above company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account 24hrs later, i was surprise and feel glad, now i now have a standard business control agent who help me, now i will advice those who need urgent loan to contact her at fidelityloanfirm@outlook.com he is a very God man and I know that he will help you immediately.. Below is he loan encouraging words. For loan lenders Are you financially down and need loan? Do you need loan to pay off credits and debts? Do you need finance to set up your own business? Do you need loans to carry out large projects? Do you need college loan? Do you need funding for various other processes? email contact: fidelityloanfirm@outlook.com

  • User

    I am Engr Edwin by name, A born citizen of New Zealand, But due to my business i reside and i live in Canada. I have to tell the world about what pleased me most about my experience with fidelity Loans, It was their fantastic low rates of granting loans to the world. I compared their rates to other title loan stores locally and online, and theirs was the lowest i found. Their service was courteous, professional, durable and above all complete. fidelity loans were Prof Daniel Jones is the head of the department of grant loans, Many thanks to you and your team for finally granting me my dream loan amount i have searched for months back. Thanks again to you all, I mean the entire staff of Fidelity loans. Without any benefit of doubt in me, I will want to recommend this loan firm that has really surprised me with my loan amount after meeting up with there terms and conditions without any form of scam activities. There email is as follows: fidelityloanfirm@outlook.com webite_http://fidelityloanfirm.webs.com/ to anyone in need of a speedy and secure loan.

  • User

    My name is Mr Henry Josh and i live in the USA California and life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first SON needed a kidney transplant and all our savings were going towards his medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my wife will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 12 hours through bank transfer and you know, it was all like a dream and i called Mr Daniel Jones A Man who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest man on earth because by GOD’S grace, my SON kidney transplant was successful and today he is healthy, i and my family are living very comfortable and happy and if you are in my former situation or in serious and legitimate need of a loan, you can reach this GOD sent lender via fidelityloanfirm@outlook.com or his website on http://fidelityloanfirm.webs.com/