@rad4life1 Exactly what I was thinking. But you would still be punished by paying higher prices for groceries, gas, etc, when these continue to skyrocket due to inflation.
the only thing holding you liable to this debt is...your SOCIAL SECURITY #. On the back of your birth certificate are all the banks that trade you on the stock market and i am a "goods" as long as i have this personal #. In Gods economy, He calls me by name. Right now I am a #.
oh look.. those 'crazy' anti-NWO people were right AGAIN! Truly amazing - the gift of prophecy when you see corporate influence in an objective manner.
stop the nwo!! we're winning.. the more this continues to happen, the more people will join us, the more chance we have of stopping it. ftw..
I think the real math we need to see is how much of GDP is needed to stop the growth of debt, factoring in future inflated GDP figures for todays current debt.
If no amount of GDP can stop an increase in debt then you can be sure it will end, but if it can when facotring in inflation then we could be in for a hellish situation of a lifetime of slavery paying it down.
I would personally preferr a complete bow out of the system, such as hyperinflation over that scenario anyday.
In todays news, Gates and Buffet, addressed students at Columbia, and they both said we've reached the Bottom in the Markets, Capitalism is working just fine, everyone should be jumping into the markets, and that the Worst is BEHIND us.
Now, before you comment...just think about this...wouldn't the two richest men in the world have the absolute BEST and Most Accurate Information that money can buy?
I'm starting to wonder if maybe it IS over, and the naysayers are just flat out wrong?
Go ahead indulge yourself. Invest heavily in the market. The market keeps going up because the USD isn't worth as much therefor the numbers have to go up to get the same amount of junk that is worth less and less every day..
We are living in perilous times. Is it just me, or is it hard to find much out there that is inspiring anymore? We are living in a corporate driven society that wishes to control every aspect of our lives. This is not the way human beings were meant to live. Once again...as MOT has also said before...I quote Braveheart, "They will never take OUR FREEDOM."
It's MUCH worse than what MOT said. usdebtclock shows federal debt at $12 trillion, personal debt at $16.7 trillion, unfunded liabilities at $106 trillion, for a total of $134.7 trillion. National assets total $74.2 trillion, for a net difference of $60.5 trillion. That means, AFTER TAKING AWAY ALL OF YOUR ASSETS, each person in the country still owes $200,000!
Medicare - BROKE, Fannie, Freddie - BROKE, S.S. - BROKE, US Postal Service - BROKE, Cash for clunkers - BROKE, nice track record the govnt has no? and they want to fix the Health system!?!, they have FUCKED UP EVERYTHING they have EVER touched SCREW YOU D.C.!!!!!
I agree brother! I totally agree... The gov has screwed up everything, this whole mess right down the the fine line is total failure of Gov over the years and thier refusal to listen to the powerless American people while they were doing so, TIL DATE they still refuse to listen to us... This is why our Founding Fathers drafted the 2nd amendment and SOON the American people will have no choice but to exercise it!!!
Hmmm, that's strange about the states getting a proposed tax. They are trying to pass a new tax here in Canada aswell. With the recession they have the nerve to want more money. Its the damn Federal reserve and the Central Bank of Canada that all this debt is upon us. God forbid the politicians lead by example and take a pay cut.
MOT - Not trying to deflect from the seriously large debt level, but in all fairness, one needs to also deduct the assets that have been built up over the years. There ar huge assets that belong to the people.
T8864- I hear you. Convincing them that those are our assets..thats another story. For example. The City of Chicago sold their downtown parking meters to a private corp last year. Do you think people living their will truly benefit from that revenue? I suppose the city could say, it's that much less we will have to ask you for. This is also what occurred in Argentina. The fed govt sold everything.
becauseicare2 - All I made was a genmeral comment that there are hard assets owned by the US government one needs to look also at. City of Chicago assets are not federal by the way.
moissanitestar - Military funded out of corporate tax revenue only ? Are you for real? LOL.
Very Clever MOT, sometimes seeing actual numbers puts things in a better perspective. People dont realize it is the American people who are responsible for the payback of this money the Gov unconstitutionally spending. Do you know they are no trying to pass a bill which will force the American people to pay a Tax on the money THE GOV is borrowing, thats right you read it right. the money the Gov is borrowing for the tax payers. They want to add a tax to it on our backs.. REVOLUTION IS BREW' EN !
Actually guys it's worse than what manoftruth added up. He took into account that 300 million people pay taxes, which they don't. The numbers only effect tax payers. They are the ones who the government collects from. So, I would say the numbers may be around 225 million tax payers (just a guess). 60 Trillion /by 225 Million is $266,666.00. Not fond of all those 6's!
Actually, if you want to get technical, businesses pay 2/3 of all taxes in the US, so you would need to divide that number by 3. Either way, it's a crazy ass number and we are headed for problems.
MOT, I've done this math before and what's sad is the following - when the damn figure is SO HUGE you have to count zeros and commas and get confused doing it!!! YOU, my friend, got a little confused as well. Now I don't feel so bad knowing a Harvard grad has to scratch his head as well. lol
The former Comptroller General of the government General Accounting Office, David Walker, said in 2007, that the total unfunded liabilities are 56 Trillion from then until 2040. It is based on estimated taxes revenues versus estimated ballooning as the baby boomers start coming onto Social Security and Medicare, starting in 2008.
MOT, you think Israel is going to be forced to take Iran solo? Is US going to step in and bomb that nuke facility? I heard that if we bomb it Iran will invade Iraq to cause global oil shortages and everyone will point the finger at us. Iran is buying time with propaganda to make sure he can protect his death tool. He will sacrifice that whole country for a chance to drop a nuke on Israel. That nuke facility is his chance at being a Muslim extremist Martyr. that scenario is end game.
lol ... iran is doing propaganda ... listen to your self you are brainwashed you are talking about a country that has the largest nuclear arsenal and the only country on the planet to have used them and you go around pretending to be the flag bearer of peace .... lol u guys have almost always been at war with someone and thats just going in someone elses country and killing them ... who indians were savage monsters muslims are extremists russians are evil ... US is the king of propaganda.
I don't think anyone around here is pretending anything. I am hypothesizing a scenario. Reality is reality what is going to happen or may happen is my only questions. every man is responsible for his own actions. I never said all Muslims were extremists but you are saying "u Guys" blanket statements. I was referring to Ahmadinjead as being extremist. lol..you are not very good at reading.
I know what i said guy and i know wat u said too ... i said u guys and i ll say it again ... that u are pretending ... u said iran was doing propaganda ... so i m not saying somthing and implying the other ... thats happens when people like you are caught of gaurd and suddenly hear somthing that makes sense which is obviously different then what u think... I m not agaist americans but certainly against wat they have been doing for the past 30 years but it wont last long.
The IDF is more or less dismantled, after the invasion of Syria they got every leader in the IDF thrown out due to the fiasco. Now they only have politicians with no knowledge or experience of war. The mossad has had a few of their higher ranking officers murdered or die under strange circumstances.
Israel is in short nor able to go to war against another country; Palestinians yes, Iran no chance!
THE REAL NUMBER. Since it is the working taxpayer that really bares the brunt of the US debt, let's use the US worker as the real debt load. There are 108.3 million active working taxpayers (source: ADP). Using the $60 Trillion number really brings the debt closer to $554,000 per working taxpayer. Also, this is after tax debt. So it will take the average taxpayer about 20 years to pay for this debt. It's impossible.
Um, yikes. How do we have $60,000,000,000,000 (that's scary to type) in unfunded liabilities? Also, pardon my ignorance, but what is an unfunded liability exactly? I thought the national debt was only about 13 trillion. Is there another problem that hasn't been mentioned by the media?
What is normally quoted is "public debt" check out usdebtclock(dot)org , but that only accounts for like mortgages and credit card debt of the public. the 60+ trillion figure is public debt + the cost of national programs like medicare, social security, military industrial complex.
unfunded liabilities refers to debt that the US government has used bonds to back (IOU from the government) as opposed to funded liabilities which are backed up by real assets like stocks, or a house. (at least I think that's how it goes)
The former Comptroller General of the government General Accounting Office, David Walker, said in 2007, that the total unfunded liabilities are 56 Trillion from then until 2040. It is based on estimated taxes revenues versus estimated ballooning as the baby boomers start coming onto Social Security and Medicare, starting in 2008.
I used to see the Debt Clock in NYC so went to see Seymour Durst, who put it up. Around 1990, it was about 18,000 USD per person, I think (I could be wrong in the memory) and I thought, I'll pay it! I could even pay this now, I suppose, but I don't even live in the USA anymore. Hm!
Man! You Americans are lucky! Enough debt for a house! Here in Germany it's only 20.000 Euro debt which only hands me a car. I am jealous! ^^ Then again, maybe not! o.O'
4,000 per year if you think that is attainable you are crazy because of the 300 Mil. you have to minus seniors, children, disabled, etc. The tax burden only falls on the workers which has grown exponentially due to the rise unemployment and people retiring early (more debt) besides food stamps etc. not to mention housing assistance and cash for clunkers ... OH wait lets add on a healthcare bill ... MORE DEBT !!! the real number per worker taxed is actually more like 3x your estimate
besides 20 percent of households make less than 19k a year they can't afford the 4k you use (ABSOLUTEKNOWELEDGE) ... and not everyone works starting at age 16 and retires at 66 you should check your math ...
It is a big f*cking deal since the people have not taken this debt, the debt has been written for by someone else who has the audacity to aske someone else to pay this debt. Unless you have received money/service/goods when debt is created the debt is not yours. Your calculations are a waste of time since the American people have no obligation to pay this debt, whomever got the money has the debt.
What is important is for you to know that this debt is not your debt. You can only have debt that you have signed for where you have received the money or goods from whomever gave the loan.
Do never ever say that you have part in this debt!
No it is not debt! It is confiscation; if they take money from you without performing a service! I cannot take debt in your name and neither can the government, the national debt is another name for extortion money. It is not a debt and you should not view it as such. If you have a national debt what would happen if you were to have a national claim? Would you then get money from the government each month instead of paying taxes? Of course not, hence national debt is not your debt!
All that matters is what will happen when the debt is defaulted on or inflated away... Well what are the actions of the owners of all this debt? That's real life and there are a million factors that affect that answer. I would say anything above the 11-12 trillion of immediate debt can just be defaulted on. Soc security, medicare, etc... The actions of the people who were being paid in those systems are not going to randomly take action against americans, a foreign country might be different
Savings is by logic reasoning not real, what are you saving and for when are you saving? If you are saving how can what you save inflate away? Can you give me an example of a good that could be saved? Can you save beans for your retirement, can you save good health today for use tomorrow? Savings are in fact part of the FRS scam, you need to consume what you have today to stop inflation! Fact is that everyone has benefited from the FRS, no one complained as long as they got what was good.
What about the IRS? Do you think you have the right to something without putting any effort into what ever this is? The IRS is used to destroy perceived wealth, even though the IRS takes money (perceived wealth) from you they are doing you good. If all the perceived wealth was to be consumed the world economy as we know it would be destroyed within a few minutes. There are not enough goods to buy with the money in circulation around the world!
Sorry, if they can't get it via income taxes, they will get it via the inflation tax. And if you have any savings it would be worthless. So yes everyone will play a part.
How could and would savings be inflated away, how can savings be inflated, how can savings be destroyed? If the printing of money can destroy your savings perhaps you never had any wealth to begin with? You are using a perceived value in relation to real value, this in it self is a flaw. Would you want dollars if you could get all the clothes, food and shelter you need? You have no real wealth, hence nothing is being taken from you by inflation!
Inflation will take away savings from the people who hold these FDRs last. This is a game of hot potato. Get rid of any spare FDRs you have now for something real, tangible, and relatively scarce. Of course you can inflate your debt away, just keep creating FDRs until they are worthless. I don't think that will happen though, I think they will introduce new currency and settle the current debts on the FDR by hosing those holding FDRs.
I do not understand why and what your response is. I dont think you can express your thoughts in a way that is understandable for me. But I will however ask you these questions, how and why would you have savings in something that can be inflated to loose value by the issuance of currency? If something can be inflated this way has it ever had any intrinsic value to begin with? Would you prefer to have an apple tree or the money to but the apples that grow on the tree?
Why does the US get to keep piling on debt when other countries have to keep making cuts to their spending?
Another new aircraft carrier for several billion dollars? Sure, no probs we are the US so we need them to fight ummm, eerrrr, we will have to get someone else to fight that we can easily beat (those Arabs & Afghans are too hard) so we can justify getting another shiny new military toy. Where are those pirates at so we can go and beat them. Intel says they are somewhere in the Caribbean.
Well, I may not speak as intelligenty as the majority of you, but with what I know and my instincts included; no, everything is not alright.
Ultimately, we are not "doomed" per se, but you must know that there is a cure for all of this and the wise ones overlooking it know this. There is a transition that will occur. This is the NAU and a new economy coming in your favor. What is not in your favor is the transition itself.
Debt yes, but owed to Who? To each other? And if it is to each other, all we have to do is cancel out those common zeros, Truly the end of the calculation is this for us Americans as we transition to the new world. EVERYTHING YOU OWE IS FORGIVEN and EVERYTHING OWED TO YOU IS FORGIVEN
the elites will NEVER want you to know what they know; NEVER; so learn other things in school that will never get you where they are; it's like rodney dangerfield in back to school; rodney was teaching the "professor" about business
It actually is true. Even worse is "their" meaning of the word "Citizen"
Black Law 8th Edition
Citizen - A person who, by either birth or naturalization, is a member of a political community, owing allegiance to the community and being entitled to enjoy all its civil rights and protections.
Please note: These are not the inalienable rights Thomas Paine wrote about in the Declaration of Independence.
UNCOMMON THINKER you are right; worldwide it is happening and when crap hits the fan; young, dumb, homeless, jobless, handicapped .... will not have a chance; BEWARE OF THE PROPAGANDA COMING PEOPLE; THE GLOBALISTS WILL TRY TO DIVIDE AND CONQUER; no international law after this crap
i can't do basic math, but govt public school taught me lots on sex ed; i am not paying anything; lock me up pelosi; let your young, dumb, homeless, jobless, handicapped, party aligned ... voters pay it; the average joe got greedy too; well, this is one way to keep people from coming to AMERICA; they want one world govt so they can hunt me down in the jungles when i leave my AMERICA; of course, govt flight restrictions will not allow me to leave just like the USSR hehehe
Unfunded liabilities for program spending just means that it is monies that some in the past promised that those in the future will have to provide. If that is not a reason to hate your decedents, I don't know what is. In any case, the rationale is that the future will have to pay for it. Of course, they will only hand it onto the next generation and so on. At some point, all this will not matter because no one can say if there will be any stability in the future.
Every Man Women and Child in the UK owes £22,000 each but America, oh my god the Dollar is finished! Obama is a fraud and the Bankers are laughing while thay jab you with their leathal shots! Wake UP America, The World Needs You To Be Strong and Rightious!!!
He's calculating the total, unfunded obligations to pay. Unfortunately a lot of other nations have a similar problem. Their governments promised to pay more welfare than they could ever collect by taxes.
The UK is fighting fit I think, especially since all our MPs have been so shamed because of the Expenses scandal and the Bank Bonus Scandal have got us British foaming at the mouth, Labour is finished and the Conservatives are on thin ice and they know it. I think the Conservatives will win unfortunately but a lot of independent parties will get seats at the next election as labour support dwindles! The two party system here is numbered, and the British people have had enough!
seancuk23, We are not fighting fit at all. House prices have not plumeted yet because all the stops have been pulled out to support the over priced inflated house prices. Motrgages and house price to wages ratios are at unsustainable levels with ratios well above anything in the past. Should and when interest rates move up the cracks will show and the rest of our economy will tumble with it. Labour , Conservative it makes no difference anyway after the Lisbon treaty we are run by the EU.
Democratically I feel we are fighting fit but lets face it, the Lisbon Treaty may be ratified but in the end I believe we will make it through, Britain survived Hitler we will survive this and the tyranny of the EU, I believe we will leave the EU when it becomes clear the Conservative Party is just the same as Labour and we start to towards independent parties, I am optomistic about our future we have a lot to offer the world its time we said the glass was half full, we are in this together!
No nation ever paid off it's debt. Collapse coming soon. They (bankers & govt.) have abandoned us and I say let us abandon them. Start using silver amongst ourselves and when the devaluation/collapse happens, continue to use silver ala pre 1964 coinage.. Practice non-compliance like Ghandi advocated when they try to foist the next round of fake funny money on us.
Math is scary but this math is a heart stopper. We are so screwed. I can't believe this; I already lived through a Soviet Union collapse & now I'll have to live through a United States collapse. Arrgh. This sucks.
It's actually way worse than you showed. As of the numbers I've seen; Medicare alone stands at 65T$, add in SS, medicaid, public debt, etc, we have more like 105T, which works out to about 343K per person. Even scarier, thats about 1M$ per worker. Even worse, most of the debt has inflation adjustments (all but the public debt anyhow), so inflated dollars can't kill it either. No way around it, we're royally screwed: bankruptcy is a certainty.
But you're assuming wages go up with inflation. That's not really the case. Inflation will just make the country even more screwed up and cause more debt. We can't inflate our way out of this. All we can do is crash, default, start over.
And we have $8T of paper money available.... so if Americans ever start paying off their debts, the monetization will be so massive that it will destroy the currency. If we choose not to pay off the debt, our country will be destroyed by compound interest payments.
So which ever way this is spun, the US of A is completely screwed.
I hope more people get this message, MOT. It's certainly not secret information, and while you & others deliver this message, it still doesn't seem to be part of the cultural consciousness. I'm guessing that this is one more foundation for big inflation to occur, sooner or later.
Debt Slave or Jail Bait ? It will soon be free r to be in Jail. Free room and board, cable ,medical, dental, pay you to work and can get in shape quickly. Jail sounds like a retreat, huh. So either soap on a rope or 200k grains of sand with GOV luv. Tks Mot for keep n it real
Numbers, numbers, numbers. Yikes, those are lots of zeros. And it tells us our dollars are worth zeros, doesn't it. Certainly you've had a chance to check out the US National Debt clock? Its flat out scary.... Lots of numbers and comparisons to look at... usdebtclockDOTorg
manoftruth, The way I see it if every man,woman and child =$200,000 of debt when you take into account all those under 16 at school the OAPs,unemployed, house wives that don't work the real tax burden to the working tax payer is going to be closer to $400,000 and that has interest on it. So the taxpayer has to work hard just keep it at that level without Obama increasing debt and handing out bail outs. There is no way the debt can be paid down there is no solution but bankruptcy .
HAHA! If they think the gov't is getting that money from me they got another thing commin'! I've already told my employer to pay me my earnings 100% in cash and they gladly do it.. it saves them in payroll taxes.
That's what I've been doing :D. Buying up canned goods like there is no tomorrow and investing in equipment that will prove useful in case there is ever wide spread chaos. This corrupt gov't isn't getting shit from me.
@oblivion292 - Except that the government knows that you have lots of canned goods. If they need them, they will know where to get them. So much for not giving them shit.
Sorry kid... if things ever got that worse and the government needed to steal our canned goods to survive than how long do you expect that government to survive...
The retired over 65's are not capable of being included in the debt, and the under 16's can't work, so the debt burden is much higher per person, I'd say half a million each!
Soylent green is people
dynomike1964 8 months ago
This has been flagged as spam show
Look up Damon's BrokerCheck Summary on FINRA's website, he's CRD# 1441432.
johnnveritas 10 months ago
question...if one has that amount right now, could they not go straight to the IRS pay them $200 000
and be free and clear for the rest of their life?
rad4life1 1 year ago
@rad4life1 Exactly what I was thinking. But you would still be punished by paying higher prices for groceries, gas, etc, when these continue to skyrocket due to inflation.
ckodad 10 months ago
Good video. Thanks MOT
jonvssocrates 2 years ago
the only thing holding you liable to this debt is...your SOCIAL SECURITY #. On the back of your birth certificate are all the banks that trade you on the stock market and i am a "goods" as long as i have this personal #. In Gods economy, He calls me by name. Right now I am a #.
myitaly 2 years ago
oh look.. those 'crazy' anti-NWO people were right AGAIN! Truly amazing - the gift of prophecy when you see corporate influence in an objective manner.
stop the nwo!! we're winning.. the more this continues to happen, the more people will join us, the more chance we have of stopping it. ftw..
kappy0405 2 years ago
I think the real math we need to see is how much of GDP is needed to stop the growth of debt, factoring in future inflated GDP figures for todays current debt.
If no amount of GDP can stop an increase in debt then you can be sure it will end, but if it can when facotring in inflation then we could be in for a hellish situation of a lifetime of slavery paying it down.
I would personally preferr a complete bow out of the system, such as hyperinflation over that scenario anyday.
Danster82 2 years ago
@Danster82 As of today our debt is 102% of GDP.
buzzz121 11 months ago
So are there any assets that the debt is assigned to? public owned buildings and land? who really owns government held assets?????
Ubookz 2 years ago
If Gates and Buffet want you in the market, there is a reason for that.... and it's not in YOUR best interest.
You can be certain of that.
1ringknocker 2 years ago 7
6 x 10^ 13 divided by 3 x 10^ 8. Notate if you want to simply all those zeros. : )
dual85 2 years ago
In todays news, Gates and Buffet, addressed students at Columbia, and they both said we've reached the Bottom in the Markets, Capitalism is working just fine, everyone should be jumping into the markets, and that the Worst is BEHIND us.
Now, before you comment...just think about this...wouldn't the two richest men in the world have the absolute BEST and Most Accurate Information that money can buy?
I'm starting to wonder if maybe it IS over, and the naysayers are just flat out wrong?
jarden69 2 years ago
It's not over, the dollar keeps dropping like a rock. And Gates, Buffet are part of the problem!
lostinthemix 2 years ago 4
Go ahead indulge yourself. Invest heavily in the market. The market keeps going up because the USD isn't worth as much therefor the numbers have to go up to get the same amount of junk that is worth less and less every day..
1ringknocker 2 years ago 2
It could also mean the Gates & Buffet are bullshit artists.
edmack4me 2 years ago
Welcome to fema camp amerikkka, where bussing rocks and burrying the dead will be the norm!!!
offthahook08 2 years ago
fucking bastard politicians, bankers and the fed, can go straight to hell.
pieater53 2 years ago 4
GOLD- $1120.70 new record-6:56pm cst 11-11-09
SILVER 17.76- very, Vetrans Day
dwp912 2 years ago 2
We are living in perilous times. Is it just me, or is it hard to find much out there that is inspiring anymore? We are living in a corporate driven society that wishes to control every aspect of our lives. This is not the way human beings were meant to live. Once again...as MOT has also said before...I quote Braveheart, "They will never take OUR FREEDOM."
kingdomtraveler 2 years ago 3
hyper inflation on the door, god bless the fixed interest low rates ...
patan77 2 years ago
Well, when you put it that way!
I guess they have a choice to either default on the promisses or default through inflation. That's choice ahead.
canuck350 2 years ago
For Pete's sake! What has the District of Criminals done to us?
numba1stunna4269 2 years ago 2
It's MUCH worse than what MOT said. usdebtclock shows federal debt at $12 trillion, personal debt at $16.7 trillion, unfunded liabilities at $106 trillion, for a total of $134.7 trillion. National assets total $74.2 trillion, for a net difference of $60.5 trillion. That means, AFTER TAKING AWAY ALL OF YOUR ASSETS, each person in the country still owes $200,000!
enjerth 2 years ago 2
I M going back to my Country
jimmyd3277 2 years ago
LOL our politicians as dumb as Zimbabwe president
jimmyd3277 2 years ago
Medicare - BROKE, Fannie, Freddie - BROKE, S.S. - BROKE, US Postal Service - BROKE, Cash for clunkers - BROKE, nice track record the govnt has no? and they want to fix the Health system!?!, they have FUCKED UP EVERYTHING they have EVER touched SCREW YOU D.C.!!!!!
lostinthemix 2 years ago
lostinthemix
I agree brother! I totally agree... The gov has screwed up everything, this whole mess right down the the fine line is total failure of Gov over the years and thier refusal to listen to the powerless American people while they were doing so, TIL DATE they still refuse to listen to us... This is why our Founding Fathers drafted the 2nd amendment and SOON the American people will have no choice but to exercise it!!!
SendinK9 2 years ago
Thx Joe, this shit has got me HOT now, i have never been more pissed off, it's WAY outa hand now.
lostinthemix 2 years ago
What I see is an economic WREAKcovery.
cosmiccarl2 2 years ago
Hmmm, that's strange about the states getting a proposed tax. They are trying to pass a new tax here in Canada aswell. With the recession they have the nerve to want more money. Its the damn Federal reserve and the Central Bank of Canada that all this debt is upon us. God forbid the politicians lead by example and take a pay cut.
D33Lux 2 years ago
MOT - Not trying to deflect from the seriously large debt level, but in all fairness, one needs to also deduct the assets that have been built up over the years. There ar huge assets that belong to the people.
T8864 2 years ago
Could you be more specific? What Assets...and please don't say govt bonds.
becauseicare2 2 years ago
becauseicare2 - Federal buildings, general infrastructure, military assets etc.
as these where financed out of general revenue.
T8864 2 years ago
T8864- I hear you. Convincing them that those are our assets..thats another story. For example. The City of Chicago sold their downtown parking meters to a private corp last year. Do you think people living their will truly benefit from that revenue? I suppose the city could say, it's that much less we will have to ask you for. This is also what occurred in Argentina. The fed govt sold everything.
becauseicare2 2 years ago
becauseicare2 - All I made was a genmeral comment that there are hard assets owned by the US government one needs to look also at. City of Chicago assets are not federal by the way.
moissanitestar - Military funded out of corporate tax revenue only ? Are you for real? LOL.
T8864 2 years ago
No, wrong. The military is funded out of corporate taxes, almost the exact same amount!
moissanitestar 2 years ago
I agree with becauseicare2,
What assets are you talking about T8864.
SendinK9 2 years ago
Very Clever MOT, sometimes seeing actual numbers puts things in a better perspective. People dont realize it is the American people who are responsible for the payback of this money the Gov unconstitutionally spending. Do you know they are no trying to pass a bill which will force the American people to pay a Tax on the money THE GOV is borrowing, thats right you read it right. the money the Gov is borrowing for the tax payers. They want to add a tax to it on our backs.. REVOLUTION IS BREW' EN !
SendinK9 2 years ago 2
sorry for the typos...
SendinK9 2 years ago
Actually guys it's worse than what manoftruth added up. He took into account that 300 million people pay taxes, which they don't. The numbers only effect tax payers. They are the ones who the government collects from. So, I would say the numbers may be around 225 million tax payers (just a guess). 60 Trillion /by 225 Million is $266,666.00. Not fond of all those 6's!
futurevent 2 years ago
Actually, if you want to get technical, businesses pay 2/3 of all taxes in the US, so you would need to divide that number by 3. Either way, it's a crazy ass number and we are headed for problems.
InvestigatEverything 2 years ago
MOT, I've done this math before and what's sad is the following - when the damn figure is SO HUGE you have to count zeros and commas and get confused doing it!!! YOU, my friend, got a little confused as well. Now I don't feel so bad knowing a Harvard grad has to scratch his head as well. lol
magbigblock 2 years ago
everyone can understand this one!
solid and simple
artamatra 2 years ago
Thanks! Yep, the numbers make it pretty clear.
manoftruth 2 years ago
Your calculation is incorrect. Get out the calculator. The number is $2,000,000 per person. That is 2 million!!!! not 200,000.
kidbilly1970 2 years ago
MOT is correct.
60 Trillion / 300 million = 200,000
200,000.
cuff1944 2 years ago
This has been flagged as spam show
The former Comptroller General of the government General Accounting Office, David Walker, said in 2007, that the total unfunded liabilities are 56 Trillion from then until 2040. It is based on estimated taxes revenues versus estimated ballooning as the baby boomers start coming onto Social Security and Medicare, starting in 2008.
EnergySupply2008 2 years ago
It appears that every "person" will soon become bankrupt--game over!
What then? Freedom? Only for the spiritually prepared, for those dependent on leadership will be lost. What will you do?
carefulcarpenter 2 years ago
MOT, you think Israel is going to be forced to take Iran solo? Is US going to step in and bomb that nuke facility? I heard that if we bomb it Iran will invade Iraq to cause global oil shortages and everyone will point the finger at us. Iran is buying time with propaganda to make sure he can protect his death tool. He will sacrifice that whole country for a chance to drop a nuke on Israel. That nuke facility is his chance at being a Muslim extremist Martyr. that scenario is end game.
SamuraiCommando 2 years ago
lol ... iran is doing propaganda ... listen to your self you are brainwashed you are talking about a country that has the largest nuclear arsenal and the only country on the planet to have used them and you go around pretending to be the flag bearer of peace .... lol u guys have almost always been at war with someone and thats just going in someone elses country and killing them ... who indians were savage monsters muslims are extremists russians are evil ... US is the king of propaganda.
badalgayainsaan 2 years ago
I don't think anyone around here is pretending anything. I am hypothesizing a scenario. Reality is reality what is going to happen or may happen is my only questions. every man is responsible for his own actions. I never said all Muslims were extremists but you are saying "u Guys" blanket statements. I was referring to Ahmadinjead as being extremist. lol..you are not very good at reading.
SamuraiCommando 2 years ago
I know what i said guy and i know wat u said too ... i said u guys and i ll say it again ... that u are pretending ... u said iran was doing propaganda ... so i m not saying somthing and implying the other ... thats happens when people like you are caught of gaurd and suddenly hear somthing that makes sense which is obviously different then what u think... I m not agaist americans but certainly against wat they have been doing for the past 30 years but it wont last long.
badalgayainsaan 2 years ago
The IDF is more or less dismantled, after the invasion of Syria they got every leader in the IDF thrown out due to the fiasco. Now they only have politicians with no knowledge or experience of war. The mossad has had a few of their higher ranking officers murdered or die under strange circumstances.
Israel is in short nor able to go to war against another country; Palestinians yes, Iran no chance!
snakecharmer133 2 years ago
THE REAL NUMBER. Since it is the working taxpayer that really bares the brunt of the US debt, let's use the US worker as the real debt load. There are 108.3 million active working taxpayers (source: ADP). Using the $60 Trillion number really brings the debt closer to $554,000 per working taxpayer. Also, this is after tax debt. So it will take the average taxpayer about 20 years to pay for this debt. It's impossible.
moissanitestar 2 years ago
Um, yikes. How do we have $60,000,000,000,000 (that's scary to type) in unfunded liabilities? Also, pardon my ignorance, but what is an unfunded liability exactly? I thought the national debt was only about 13 trillion. Is there another problem that hasn't been mentioned by the media?
Jrien 2 years ago
What is normally quoted is "public debt" check out usdebtclock(dot)org , but that only accounts for like mortgages and credit card debt of the public. the 60+ trillion figure is public debt + the cost of national programs like medicare, social security, military industrial complex.
ArgosSmith2009 2 years ago
unfunded liabilities refers to debt that the US government has used bonds to back (IOU from the government) as opposed to funded liabilities which are backed up by real assets like stocks, or a house. (at least I think that's how it goes)
ArgosSmith2009 2 years ago
The former Comptroller General of the government General Accounting Office, David Walker, said in 2007, that the total unfunded liabilities are 56 Trillion from then until 2040. It is based on estimated taxes revenues versus estimated ballooning as the baby boomers start coming onto Social Security and Medicare, starting in 2008.
EnergySupply2008 2 years ago
Fuckity,Fucked.
odin422 2 years ago 2
I used to see the Debt Clock in NYC so went to see Seymour Durst, who put it up. Around 1990, it was about 18,000 USD per person, I think (I could be wrong in the memory) and I thought, I'll pay it! I could even pay this now, I suppose, but I don't even live in the USA anymore. Hm!
slobomotion 2 years ago
Man! You Americans are lucky! Enough debt for a house! Here in Germany it's only 20.000 Euro debt which only hands me a car. I am jealous! ^^ Then again, maybe not! o.O'
VariusMayhem 2 years ago
geez.
odin422 2 years ago
wheres my house damn it!
somezemos 2 years ago
LOL
manoftruth 2 years ago
MOT you are a super economist! lol really deep stuff man. lol
online4now 2 years ago
rock on !
cosmicguerilla1 2 years ago
hey nice video
aldo u would only fooll a mormon:)l with such a week argument
ok 200k for person is no big deal becouse its for lifetime so spraed out 50 years so and that would come to about 4000 dollars pe year in taxes
the 60 billion is social security in etc added up toghether for the next 35 years
so thats no reason for the dollar colapse
ABOSOLUTEKNOWLEDGE 2 years ago
4,000 per year if you think that is attainable you are crazy because of the 300 Mil. you have to minus seniors, children, disabled, etc. The tax burden only falls on the workers which has grown exponentially due to the rise unemployment and people retiring early (more debt) besides food stamps etc. not to mention housing assistance and cash for clunkers ... OH wait lets add on a healthcare bill ... MORE DEBT !!! the real number per worker taxed is actually more like 3x your estimate
rickeypickles 2 years ago
besides 20 percent of households make less than 19k a year they can't afford the 4k you use (ABSOLUTEKNOWELEDGE) ... and not everyone works starting at age 16 and retires at 66 you should check your math ...
rickeypickles 2 years ago
It is a big f*cking deal since the people have not taken this debt, the debt has been written for by someone else who has the audacity to aske someone else to pay this debt. Unless you have received money/service/goods when debt is created the debt is not yours. Your calculations are a waste of time since the American people have no obligation to pay this debt, whomever got the money has the debt.
snakecharmer133 2 years ago
But what about the interest for that amount over 50 years? Thats where compounding comes in to play and really enslaves us.
jacoff1973 2 years ago 2
legalize/naturalize more immigrants or merge with Mexico and bring that number down is the next logical step :)
Doenietmeermee 2 years ago
Tyranny of EU? I think firstly you have to survive the corporations with their GMOs, HMOs, bailouts, prozac, etc.
rubroxato88 2 years ago
What is important is for you to know that this debt is not your debt. You can only have debt that you have signed for where you have received the money or goods from whomever gave the loan.
Do never ever say that you have part in this debt!
snakecharmer133 2 years ago 2
@snakecharmer133 Government debt is different since THEY pay it by taxing YOU!
0muffins0 2 years ago
No it is not debt! It is confiscation; if they take money from you without performing a service! I cannot take debt in your name and neither can the government, the national debt is another name for extortion money. It is not a debt and you should not view it as such. If you have a national debt what would happen if you were to have a national claim? Would you then get money from the government each month instead of paying taxes? Of course not, hence national debt is not your debt!
snakecharmer133 2 years ago
All that matters is what will happen when the debt is defaulted on or inflated away... Well what are the actions of the owners of all this debt? That's real life and there are a million factors that affect that answer. I would say anything above the 11-12 trillion of immediate debt can just be defaulted on. Soc security, medicare, etc... The actions of the people who were being paid in those systems are not going to randomly take action against americans, a foreign country might be different
MelodicNightmare 2 years ago
Savings is by logic reasoning not real, what are you saving and for when are you saving? If you are saving how can what you save inflate away? Can you give me an example of a good that could be saved? Can you save beans for your retirement, can you save good health today for use tomorrow? Savings are in fact part of the FRS scam, you need to consume what you have today to stop inflation! Fact is that everyone has benefited from the FRS, no one complained as long as they got what was good.
snakecharmer133 2 years ago
tell that to the IRS dude.
odin422 2 years ago
What about the IRS? Do you think you have the right to something without putting any effort into what ever this is? The IRS is used to destroy perceived wealth, even though the IRS takes money (perceived wealth) from you they are doing you good. If all the perceived wealth was to be consumed the world economy as we know it would be destroyed within a few minutes. There are not enough goods to buy with the money in circulation around the world!
snakecharmer133 2 years ago
Sorry, if they can't get it via income taxes, they will get it via the inflation tax. And if you have any savings it would be worthless. So yes everyone will play a part.
ds4081 2 years ago 3
How could and would savings be inflated away, how can savings be inflated, how can savings be destroyed? If the printing of money can destroy your savings perhaps you never had any wealth to begin with? You are using a perceived value in relation to real value, this in it self is a flaw. Would you want dollars if you could get all the clothes, food and shelter you need? You have no real wealth, hence nothing is being taken from you by inflation!
snakecharmer133 2 years ago
Inflation will take away savings from the people who hold these FDRs last. This is a game of hot potato. Get rid of any spare FDRs you have now for something real, tangible, and relatively scarce. Of course you can inflate your debt away, just keep creating FDRs until they are worthless. I don't think that will happen though, I think they will introduce new currency and settle the current debts on the FDR by hosing those holding FDRs.
MelodicNightmare 2 years ago 2
I do not understand why and what your response is. I dont think you can express your thoughts in a way that is understandable for me. But I will however ask you these questions, how and why would you have savings in something that can be inflated to loose value by the issuance of currency? If something can be inflated this way has it ever had any intrinsic value to begin with? Would you prefer to have an apple tree or the money to but the apples that grow on the tree?
snakecharmer133 2 years ago
oh boy - are you in for a shock.
srkh28 2 years ago
Another benefit to no SSN:)
gtiapr3 2 years ago
Why does the US get to keep piling on debt when other countries have to keep making cuts to their spending?
Another new aircraft carrier for several billion dollars? Sure, no probs we are the US so we need them to fight ummm, eerrrr, we will have to get someone else to fight that we can easily beat (those Arabs & Afghans are too hard) so we can justify getting another shiny new military toy. Where are those pirates at so we can go and beat them. Intel says they are somewhere in the Caribbean.
Martian74 2 years ago 4
LOL, that was my favorite ride at Disney.
manoftruth 2 years ago
I will pay my $200,000 just as soon as my new credit card gets here. yuk yuk yuk..
Fockersnextdoor 2 years ago
lol
JOHNNYH8STHENWO 2 years ago
Well, I may not speak as intelligenty as the majority of you, but with what I know and my instincts included; no, everything is not alright.
Ultimately, we are not "doomed" per se, but you must know that there is a cure for all of this and the wise ones overlooking it know this. There is a transition that will occur. This is the NAU and a new economy coming in your favor. What is not in your favor is the transition itself.
There are no other options and little to save.
My regrets-
toddhawley 2 years ago
who needs a dollar when you have an economy to ruin??
omiolo2 2 years ago
Debt yes, but owed to Who? To each other? And if it is to each other, all we have to do is cancel out those common zeros, Truly the end of the calculation is this for us Americans as we transition to the new world. EVERYTHING YOU OWE IS FORGIVEN and EVERYTHING OWED TO YOU IS FORGIVEN
askmeif 2 years ago
the elites will NEVER want you to know what they know; NEVER; so learn other things in school that will never get you where they are; it's like rodney dangerfield in back to school; rodney was teaching the "professor" about business
tumordick 2 years ago
It's not the American people's debt to the Federal Reserve, it's the Federal Reserve's debt to all holders of their instruments.
1smartaleck 2 years ago
Only if you are a U.S. Citizen.
newgtguy 2 years ago
I see humor in this; but truth at the same time.
South Africa looks promising....
toddhawley 2 years ago
It actually is true. Even worse is "their" meaning of the word "Citizen"
Black Law 8th Edition
Citizen - A person who, by either birth or naturalization, is a member of a political community, owing allegiance to the community and being entitled to enjoy all its civil rights and protections.
Please note: These are not the inalienable rights Thomas Paine wrote about in the Declaration of Independence.
newgtguy 2 years ago
unalienable..same thing, different copies of declaration. Just thought I would throw that out there.
becauseicare2 2 years ago
Yes...correct!
newgtguy 2 years ago
UNCOMMON THINKER you are right; worldwide it is happening and when crap hits the fan; young, dumb, homeless, jobless, handicapped .... will not have a chance; BEWARE OF THE PROPAGANDA COMING PEOPLE; THE GLOBALISTS WILL TRY TO DIVIDE AND CONQUER; no international law after this crap
tumordick 2 years ago
i can't do basic math, but govt public school taught me lots on sex ed; i am not paying anything; lock me up pelosi; let your young, dumb, homeless, jobless, handicapped, party aligned ... voters pay it; the average joe got greedy too; well, this is one way to keep people from coming to AMERICA; they want one world govt so they can hunt me down in the jungles when i leave my AMERICA; of course, govt flight restrictions will not allow me to leave just like the USSR hehehe
tumordick 2 years ago
Brace yourself!
She hasn't "climaxed" yet!
toddhawley 2 years ago
Unfunded liabilities for program spending just means that it is monies that some in the past promised that those in the future will have to provide. If that is not a reason to hate your decedents, I don't know what is. In any case, the rationale is that the future will have to pay for it. Of course, they will only hand it onto the next generation and so on. At some point, all this will not matter because no one can say if there will be any stability in the future.
bearmare 2 years ago
Every Man Women and Child in the UK owes £22,000 each but America, oh my god the Dollar is finished! Obama is a fraud and the Bankers are laughing while thay jab you with their leathal shots! Wake UP America, The World Needs You To Be Strong and Rightious!!!
seancuk23 2 years ago
He's calculating the total, unfunded obligations to pay. Unfortunately a lot of other nations have a similar problem. Their governments promised to pay more welfare than they could ever collect by taxes.
UncommonThinker 2 years ago
people are turning away the shots. but i can assure you the physical fight isnt to far away. we need the UK also
chevelle3429 2 years ago
The UK is fighting fit I think, especially since all our MPs have been so shamed because of the Expenses scandal and the Bank Bonus Scandal have got us British foaming at the mouth, Labour is finished and the Conservatives are on thin ice and they know it. I think the Conservatives will win unfortunately but a lot of independent parties will get seats at the next election as labour support dwindles! The two party system here is numbered, and the British people have had enough!
seancuk23 2 years ago
seancuk23, We are not fighting fit at all. House prices have not plumeted yet because all the stops have been pulled out to support the over priced inflated house prices. Motrgages and house price to wages ratios are at unsustainable levels with ratios well above anything in the past. Should and when interest rates move up the cracks will show and the rest of our economy will tumble with it. Labour , Conservative it makes no difference anyway after the Lisbon treaty we are run by the EU.
idatomhue 2 years ago
Democratically I feel we are fighting fit but lets face it, the Lisbon Treaty may be ratified but in the end I believe we will make it through, Britain survived Hitler we will survive this and the tyranny of the EU, I believe we will leave the EU when it becomes clear the Conservative Party is just the same as Labour and we start to towards independent parties, I am optomistic about our future we have a lot to offer the world its time we said the glass was half full, we are in this together!
seancuk23 2 years ago
My hindsight says that the seed of evil will insure England will see through this ok.
Might be tough times, but hardly anything in contrast to the worlds misery prior.
Regards-
toddhawley 2 years ago
sell gold, buy US-Dollar! play of the year in my view.
Silberhorter 2 years ago
No nation ever paid off it's debt. Collapse coming soon. They (bankers & govt.) have abandoned us and I say let us abandon them. Start using silver amongst ourselves and when the devaluation/collapse happens, continue to use silver ala pre 1964 coinage.. Practice non-compliance like Ghandi advocated when they try to foist the next round of fake funny money on us.
silveraspenleaf 2 years ago
waiting for PM's to do their self accounting against currency, we should see silver over 50/oz and gold over 2000/oz in near future
solojam 2 years ago
Great debt clock at usdebtclock d0h org
TonyUnplugged 2 years ago
I'm not really sure why they even keep track of it anymore, seems trivial to me...
surviveTHEtimes 2 years ago
Who do you think is eventually going to come and collect the debt that each American is supposedly holding???
catdog262 2 years ago
Who collects the tax now? Same thing...
maybecominsoon 2 years ago
china, and every other country we owe money to, so pretty much the whole world
chevelle3429 2 years ago
Math is scary but this math is a heart stopper. We are so screwed. I can't believe this; I already lived through a Soviet Union collapse & now I'll have to live through a United States collapse. Arrgh. This sucks.
livefree1789 2 years ago
I should be allowed to pay my portion of the debt and then not be taxed by the Fed for the rest of my life.
muchosa1 2 years ago
It's all funny numbers (just like the funny money).
Anty up!
SpringboardShop 2 years ago
Excellent!
capcom101you 2 years ago
I forgive all debt
johnnygroover 2 years ago
thats why these fuckers need an ar-15 pointed at their craniums !! its us that allow this !!!
PREPAREORSUFFER 2 years ago 3
It's actually way worse than you showed. As of the numbers I've seen; Medicare alone stands at 65T$, add in SS, medicaid, public debt, etc, we have more like 105T, which works out to about 343K per person. Even scarier, thats about 1M$ per worker. Even worse, most of the debt has inflation adjustments (all but the public debt anyhow), so inflated dollars can't kill it either. No way around it, we're royally screwed: bankruptcy is a certainty.
afsoldr 2 years ago 5
Also consider that unemployment is going up. Pretty soon it'll be getting toward 2M$ per worker.
LisaJ4Liberty 2 years ago
Truth is you' re all Creditors and your PERSONS owe that debt.
You' re not a PERSON,
you have a PERSON.
A PERSON is a Legal Fiction, a Corporation.
Blacks Law.
abedanger 2 years ago 2
You do not own the Registered NAME nor do you [the man] own any of its "ID", "valuable token" or "Treasury Receipt/Revenue Receipt".
abedanger 2 years ago
The problem works out easier if you use scientific notation.
ignoblius 2 years ago
and that includes children, elgerly, those who cant work ect
1989kirby 2 years ago 2
Great Vid MOT.
valhala56 2 years ago
5 star reporting brent. WOW
rlmccullough 2 years ago
Could you do that on CNN please :o)
China may not take the other 200 ton BTW.
GuildF40 2 years ago
Good video, simple but powerful.
The only way to trim the $200K per person is to pay it back with inflated dollars.
If the govt inflates the currency we could be back to the year 1980 again with double digit inflation.
That will solve the deficit problem, but will wipe out people's cash savings.
webozzy21 2 years ago
At this point, anyone relying too heavily on cash savings and not some other form of money - like PMs - deserves to be wiped out.
Peridolin 2 years ago 2
But you're assuming wages go up with inflation. That's not really the case. Inflation will just make the country even more screwed up and cause more debt. We can't inflate our way out of this. All we can do is crash, default, start over.
LisaJ4Liberty 2 years ago
Another way of looking at it is, each person needs 181 gold coins just to pay off the debt.
nmreich 2 years ago
is that 181 1 oz. coins or 181 1/4 oz . coins or 181 1/10 oz. coins ??
PREPAREORSUFFER 2 years ago 2
..... :)
joel1923 2 years ago
I have seen the number of $343,000based on 100 Trillion which is a number even the Dallas Fed Chief used over a year ago
jonah70757 2 years ago
actually theres more people than that,many illegal
vmpslr2 2 years ago
And we have $8T of paper money available.... so if Americans ever start paying off their debts, the monetization will be so massive that it will destroy the currency. If we choose not to pay off the debt, our country will be destroyed by compound interest payments.
So which ever way this is spun, the US of A is completely screwed.
nmreich 2 years ago
nmreich-interesting point. But is that really true? If that's the case, there is truly no escape.
joel1923 2 years ago
I hope more people get this message, MOT. It's certainly not secret information, and while you & others deliver this message, it still doesn't seem to be part of the cultural consciousness. I'm guessing that this is one more foundation for big inflation to occur, sooner or later.
Tigerpaws9097826 2 years ago
Wow, well done, 200k per head. Pretty much speaks fro itself.
BLynchCAN 2 years ago
Debt Slave or Jail Bait ? It will soon be free r to be in Jail. Free room and board, cable ,medical, dental, pay you to work and can get in shape quickly. Jail sounds like a retreat, huh. So either soap on a rope or 200k grains of sand with GOV luv. Tks Mot for keep n it real
rmjetmech 2 years ago
Numbers, numbers, numbers. Yikes, those are lots of zeros. And it tells us our dollars are worth zeros, doesn't it. Certainly you've had a chance to check out the US National Debt clock? Its flat out scary.... Lots of numbers and comparisons to look at... usdebtclockDOTorg
hunt1803 2 years ago
manoftruth, The way I see it if every man,woman and child =$200,000 of debt when you take into account all those under 16 at school the OAPs,unemployed, house wives that don't work the real tax burden to the working tax payer is going to be closer to $400,000 and that has interest on it. So the taxpayer has to work hard just keep it at that level without Obama increasing debt and handing out bail outs. There is no way the debt can be paid down there is no solution but bankruptcy .
idatomhue 2 years ago
We are done. Well done. Stick a fork in it
jonah70757 2 years ago 2
HAHA! If they think the gov't is getting that money from me they got another thing commin'! I've already told my employer to pay me my earnings 100% in cash and they gladly do it.. it saves them in payroll taxes.
oblivion292 2 years ago 3
oblivion; spot on, take the cash and spend the money that would have gone to taxes on ammo and food..and ammo...sweet oblivion... :)
joel1923 2 years ago
That's what I've been doing :D. Buying up canned goods like there is no tomorrow and investing in equipment that will prove useful in case there is ever wide spread chaos. This corrupt gov't isn't getting shit from me.
oblivion292 2 years ago
@oblivion292 - Except that the government knows that you have lots of canned goods. If they need them, they will know where to get them. So much for not giving them shit.
T8864 2 years ago
Sorry kid... if things ever got that worse and the government needed to steal our canned goods to survive than how long do you expect that government to survive...
oblivion292 2 years ago
Nice way to roll, Keep it out of the banking system or they will track you down.
bufforilla 2 years ago 2
AWESOME!
iPMRMakaveli 2 years ago
The retired over 65's are not capable of being included in the debt, and the under 16's can't work, so the debt burden is much higher per person, I'd say half a million each!
DickGhostmoon 2 years ago 2
Dont forget those on Governemnt assistance then the other 50% of the working that dont pay taxes.
bufforilla 2 years ago
Nice work. By the way MOT, this is my new channel if you wish to subscribe.
MrsMaxton 2 years ago
US$ devaluation of between 5 and 10 :1
Wages go up due to inflation.
Private & Corporate Debt becomes manageable again.
I guess that's the plan !
StandUp555 2 years ago
nice video. people need to realize that govt is the biggest expense they will incur in their lifetime.
cv1122 2 years ago
oops let me rephrase govt DEBT is the biggest expense they will incur in their lifetime.
cv1122 2 years ago 2
Mot you've gotta do more videos like this! straight to the point! great video Sir!
f3hdemon 2 years ago 4
They should print more Trillions stimulus check so everyone in the US can buy a Gm and Ford Truck so they can make record profit.
jimmyd3277 2 years ago
Buy a Ford not a Government Motors (GM) car.
bufforilla 2 years ago 3
Hey they just have to print more money, right?
What will minimum wage go to 500 bucks an hour?
Wheel Barrels... buy Wheel Barrels...
PressForFreedom 2 years ago 2
nice!
manoftruth 2 years ago
fuck that debt im not payin
freedominsomalia 2 years ago 13
Great graphic at usdebtclock dahtorg. Welcome to Zimbabwe.
toweringQ2FL400 2 years ago
Bust out the wheelbarrows; we're all Zimbabweans now...
joel1923 2 years ago
I believe I've seen figures of around 120 Trillion projected in the not too distant future?
BGBurch 2 years ago
Nice work MOT. As always you give me some hope. To the young generation. Hope as in well, information of course :D Nice work!
Xx7Zeithious7xX 2 years ago
Thanks Xx7Z. Rock on!
manoftruth 2 years ago
In the words of Baby Cakes, we need to "Be Aggressive".
dabruin2 2 years ago