It's not just the US that has problems, 'they' are out to bankrupt as many countries as they can.  True, the greenback is backed by nothing (gold etc.) so the US government can and does borrow as much of the stuff as they think they need, knowing all the time that it's the American taxpayer who is stuck with the bill!   However, while the mighty US now owes about 12 trillion, I was surprised to discover that the UK owes a whopping 8 trillion!!!  In fact, when go through what each country owes, you get an overwhelming sense that some of the world's poorest countries are far better off, as they owe a pittance in comparasion...

i get the impression that if the math was done the fed/res bankers with there unlawful taxing and banking practises which in turn makes the Gov up our taxes because they have no idea how to budget in the first place, we would find that we are and have been out of debt 50 times and more.... the bottom line is a system has been put in place by the banks to make sure we never paye the tax back.

The Federal Reserve controls ALL global politics, including and especially the US government.  It is a quasi-public cartel of international bankers who are operating a counterfieting organization.  They are directly responsible for taking our liberty and rights away and perpetrating 90 percent of our social problems. They are the worst form of organized crime, they make money by charging interest from workers who have essentially become slaves and have indebted the world for over half a quadrillion dollars.  (600 trillion)  This housing bubble is the last hoorah, now is time for them to pay the consequences.  The economy is in the early stages of hyperinflation, the ultimate result will be deflation.  Free Energy/OverUnity would be ideal at this time in history.

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Because the new money, which causes price inflation, is inserted at the banks (and by the fed which is owned by the biggest banks) The only way for other people to get a piece of it is to get a loan. This is what encourages dept. At first when you look at a loan it may look like the interest is a lot down the road, but money keeps losing value so it isn't that much.

Not only does money keep losing value, but it should be gaining value, as stock piles increase, and productivity increases. Play a computer game like age of empires, and you'll get a better sence of economic's. Wealth grows exponentaly, and even if productivity doesn't increase, wealth will grow with time. So why is everyone working 40 hour weeks? Because the US is 72% services, Canada, about 62%, the finanicail services is about 40% of all the money made. They're making soo much because the banks create money, and they feed off of that, as they get it 2nd hand, leaving the masses to get it latter.

Regulatoins and buracracy is a great deal of services too.

I don't want to ruin your fun but its 8/8/2008, far from 8

We are 2000 late!! Shame!