11 facts the government doesn’t want you to think about………..

http://www.uncommonwisdomdaily.com/11-startling-facts-that-obama-and-bernanke-do-not-want-you-to-think-about-3-9115

FACT #1: The official national debt now stands at $12.68 trillion — an amount equal to about 88.5% of all the goods and services our economy produces in an entire year.

FACT #2: Contingent obligations for Social Security, Medicare, Medicaid, veterans, and pensions now stand at an additional $108 trillion over and above the "official" national debt.

FACT #3: State, county and local governments are nearly $3 trillion in debt. Many can't pay and will ultimately demand that Washington assume responsibility for that debt as well.

FACT #4: Total federal, state and local government indebtedness now stands at a mind-blowing $123.6 trillion.

FACT #5: Last year, Washington added $1.4 trillion to the debt. In this fiscal year, the Obama administration will add another $1.6 trillion!

FACT #6: In addition to funding the current trillion-dollar-plus deficits, the U.S. Treasury must borrow MORE each year to replace bills, notes and bonds that are maturing.

FACT #7: This record-shattering borrowing by the Treasury has resulted in a Mt. Everest of Treasury obligations being dumped onto the market, which naturally depresses bond prices and drives interest rates higher.

FACT #8: In a desperate attempt to keep interest rates low, the Bernanke Federal Reserve has created $1.25 trillion out of thin air to buy mortgage-backed securities ... another $300 billion to buy U.S. Treasuries ... and yet another $170.6 billion to buy other government bonds — a total of nearly $1.7 trillion in all.

FACT #9: From September 10, 2008 to March 10 of this year, Bernanke increased the nation's monetary base from $850 billion to $2.1 trillion — a 250% increase in just 18 months.

FACT #10: Despite this massive money-printing, the yield on the benchmark 10-year Treasury note has STILL risen by more than one-fifth — from 3.2% to 3.86% — since December.

FACT #11: Because of this massive money-printing, the U.S. dollar has lost nearly 10% of its value in the past 12 months alone.

This unprecedented debt crisis is the single greatest threat to your wealth and standard of living in decades. With the debt that many State governments are now facing, there will be less and less opposition to the federal government assuming power over states. In time, States will be so overburdened with new mandates from the federal government that the only way to stay above water will be to cease state powers, and fall in line under a strong centralized government. Once the federal government has assumed total control, their own debt issues will begin to rise . The dependency bug will bite Washington and the process will begin all over again, but this time on a world wide level. This is just one way the USA could lose sovereignty in the near future, and fall under a central world government. At that point, the constitution will no longer hold sway and the “greater good” will be a rallying cry on the road towards continual poverty. If you don’t believe it, just keep watching Greece. We are not far from them.

The numbers above are outrageous, and true. If people don’t wake up and realize the government is spending too much money, we will all be doomed to a life a servitude through debt. There is simply no way around it. America needs to take some lumps right now to avoid the future catastrophe.