15 February 2019

The Rude Awakening!

CNBC, 12 February 2019: As auto loan debt has soared, so has the number of people who can't pay, with the level of serious delinquencies breaking past the heights reached just after the financial crisis. More than 7 million Americans are 90 days or more behind on their vehicle loans as of the end of 2018, according to data released Tuesday by the New York Federal Reserve. That's more than 1 million higher than the peak in 2010 as the country was recovering from its worst downturn since the Great Depression.

"The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market and warrants continued monitoring and analysis of this sector," Fed economists said in a report that accompanied their quarterly look at U.S. consumer debt. The surge in delinquencies came along with a $584 billion jump in total auto loan debt, the highest increase since the New York Fed began keeping track 19 years ago.

Additionally, overall household debt rose by $32 billion, or 0.2 percent, to $13.54 trillion in the fourth quarter. That's $869 billion higher than the crisis peak of $12.68 trillion and is 21.4 percent above the post-crisis low point in the second quarter of 2013.

Student loan debt edged higher to $1.46 trillion while credit card balances rose to $870 billion, right around their crisis peak.

So sick of all the corporatist talking heads on TV (like this cocksucker) wailing about *socialism.*

*Capitalism* in America only works because Americans are allowed to have insane amounts of debt, while the colored peoples of the world are not.

If Americans had to actually pay for all the shit they have, like foreign colored people do, they'd be begging for *socialism* or any other *ism* that would allow them to continue getting shit for free (yes, that's what debt is: free shit.  if it ain't been paid for, it's FREE).

And *Capitalism* in America only works because the American military will bomb the shit out of any country that threatens the dollar's status as the global reserve currency.


Global reserve currency?  What's that?

The Global reserve currency, the US dollar, is the currency that governments and institutions use in international transactions.  Therefore, the dollar is artificially inflated in value every time some pissant country has to buy oil or wheat or whatever, and when the dollar's value is inflated, it reduces the prices of goods that the US imports, meaning Americans can *buy* more than they normally would, and it also means the Treasury Department can print more dollars which banks can then turn into more credit to *lend* (enslave) Americans for all the crap they (not)*buy* (zero dollars down, X dollars a month that will never be paid off = not buy or FREE).

[And to be techinical about it, *Capitalism* in America is really *Financial Capitalism,* which is just a fancy term for USURY, making money out of thin air, which God said DO NOT DO, so Americans who think capitalism came from God and socialism from Satan, well, they ought read Exodus 22:25 and Acts 4:32-35, and learn that, despite what all the talking head cocksuckers on FOX say, they got it ass-backwards.]

[[And if you want to really get technical about it, and want to know why, under *Financial Capitalism,* the rich get richer and the poor get poorer (indebted), read this.]]  

Anyways, back to the point at hand, the ridiculous *socialism* hysteria which, after the election of Alexandria Ocasio-Cortez and her promotion of the Green New Deal, now dominates the corporatist Media. . .these rich cunts, like Sean Hannity, cry about *socialism* and that *socialism* means giving people *free stuff*. . .stuff that apparently they don't deserve, since they are not millionaires.  

"Free health care for everybody??" they cry in terror!  I'd like to kick Sean Hannity's faggot ass back in time about 2000 years and have him call the Lord Jesus Christ a socialist for passing out free health care.  

So sick of these cocksucking blowhards who sold their soul for the filthy lucre of *Financial Capitalism* throwing shit on a decent person like Alexandria Ocasio-Cortez, who just wants to help the average broke-ass American.  

And listen, if Hannity and his God damned talking head buddies were really honest about what they call *socialism,* by which they mean *giving people free stuff,* they'd have to admit that in terms of debt, there ain't no bigger freeloader in the world than an American. . .

Ha!  Any American who thinks that cocksucker Sean Hannity is closer to the Kingdom of God than Alexandria Ocasio-Cortez is in for a RUDE AWAKENING!

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