U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff

[Rustyshackleford08]

Glass stegall, most of the 200 trillion would disappear, end the private for profit funding of government and the rest disappears..this is nonsense, its economic genocide and nothing more.

[chingon711]

its documented 10% own 80% of the country's assets...rich getting richer, poor poorer...what happened?

[CovenantOfLove]

IT'S CALLED FRACTIONAL BANKING AND IT'S A METHOD OF SLAVERY FOR THE WORLD....it's a done deal has been since 1913, we went bankrupt in 1933..we are all bonded servants...since then

[vlp92]

that is what happens if the country spends on military more than the rest of the World...

[SpaceWalkTraveller]

Don't worry about it, just keep eating your steroid inject beef bergers, wash it done with some coke, have a few twinkie bars, then take your medication and sit back on your couch and watch American Idol.

[mrbrianmccarthy]

@SpaceWalkTraveller Hahahah---I'm laughing,but its true.Thats what most people are going to do----

[mozaks80]

I'd say it's all old news people

[mozaks80]

"Even though bankruptcy was declared, President Roosevelt kept the US government going by executive order. The US government has been operating under marshal law since 1933, although this has been carefully kept secret from the general public."

[mozaks80]

"In 1933, President Roosevelt formally declared bankruptcy to the US public. He told them that the US government was defaulting on its promise that dollars were backed with gold. He demanded that US citizens turn over their gold in exchange for worthless dollars. "

[dave777blaster]

Americans think this is a hiccup and it will come back IE: the jobs will come back.

nothing can be further from the truth.

I fully expect that after the mid term elections there will be a wholesale loss of more jobs millions more jobs Including GM being sold to China.The blunders of the Republican party and Bush have left USA in a spiral of foreclosure.

[Sheeplvl2]

He's a good man. Told the truth. Listen to what William Cooper had to say on this over 10 years ago. I'll upload it by tomorrow. He said something along the lines of "Are you surprised when they raise tax? They have no choice but to raise tax!" When puppets like Obama say they will lower taxes it's a bold faced lie. They have no choice but to raise it. It has to do with the whole scam. Federal Reserve currency is bound to cause inflation/collapse.

[pakjai]

@Sheeplvl2 Instead, they are mass printing the dollar notes and not raising its taxes. Other countries now see the US Dollars as a virus and is planning to get together to reject it from flooding their economies with notes that is worthless and cannot be repaid back. It makes no sense to allow America to buy properties and goods with notes that is worthless. Soon the US will be stuck with lots of worthless paper cannot feed its people needs a they do not manufacture anything. Self destrution..

[senegal8]

Unless we get America back to work, we're not going to get out of the long term, structural problems of the deficit and demographics. It's been pretty clear for some time that we need short term stimulus and long term spending cuts. The near term solution is spending on public goods - things that will pay a strongly positive return in GDP boosts and tax increases. We don't get to spend on enhancing social programs

[Creation27]

Robert is correct, we need a return to Fiscal Conservatism, small government, and an end to the enormous overspending.

The only person who has said anything in this regard is Ron Paul.

[RobertRobls]

The progressists have bankrupt America! The solution: Start expelling all of them out of government positions!