WHO REALLY OWNS THE US NATIONAL DEBT-AND ARE THE EVIL ONES RIGHT HERE IN THE USA??

[James Scruggs]

 

Dear Sir or Madam:

Please consider printing the article given below in your paper. Edit where needed.

DR. J. ALVA SCRUGGS
FRANK(LY) SPEAKING
OR LETTER TO EDITOR 1804 MAYFAIR DRIVE
TALLAHASSEE, FLORIDA 32303
PHONE&FAX (850)385-5750
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Website ; http://franklyspeaking.info

 

WHO REALLY OWNS THE US NATIONAL DEBT-AND ARE THE EVIL ONES RIGHT HERE IN THE USA??

(Unedited/Unabridged 2011)

 

It is reported that about 8 percent of the USA national debt is held by China, the Japanese holds about 7 percent, and Americans through Social Security holds about 80 percent from the purchase (investment in) of “T” bills from the US Government!! Surprise!! Americans holds the greater part of the "National Debt!!" (MSNBC National News)

• China holdings: about $1.132 trillion
• Japan holdings: about $1.038 trillion
• Federal Reserve and Intragovernmental Holdings (by Social Security)

holdings: about $6.328 trillion

(By Paul Toscano, Biggest Holders of US Government Debt, CNBC, Feb 3, 2012)

            It is easy to see that China did not cause our Nation’s Economic meltdown! It was American Wall Street, and other US based Corporations that played a profiteering ponzi scheme that cheated fellow Americans our of their right to employment and the pursuit of posterity with all the happiness that goes with that guaranteed right by our constitution! Americans were given the “Business” by our own fellow Americans calling them selves “Capitalist!” We must hasten to add that all capitalism are not bad nor intelligent nor patriotic! Some have this narrow-minded focus on profit without moral or social consciousness. Unfortunately America has more than it;s share of the grubs of the greedy  Capitalist in the Romney’s of the world.

            Do we really need a Romney to serve as President of the USA???

 

Dr. J. Alva Scruggs, BS, MS, MA, EdD
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