I.O.U.S.A. Bonus Reel: A $53 Trillion Federal Financial Hole

[Backtalk2u]

Will you take a check?

[SnugglePuma]

This video just throws out numbers with no context provided. Over what time frame is this guy talking about here? How much of this money do we have already? Certainly a large percentage of it will continue to be paid with tax revenue. Funny how conservatives started caring about this only like 4 years ago. I'm sure they are very concerned about their personal well being...

[SnugglePuma]

Per capita the US ranks around 50th most in debt nation. Many other nations in Europe and in the undeveloped world are much worse off. This is a global problem, so I think we will be fine, or we will all fall together.

[johannas58]

We're skrewed!

[joetheeconomist]

Washington Says Social Security Is Safe.... They also said that housing wasn't a bubble, banks were safe, and the GSEs were solvent. That is the 500 trillion to 1 trifecta of incompetence, and you are trusting them on Social Security. I hope you can afford for them to be wrong... 3Ws FixSSNow.Org....

[Bubzonom]

dont worry the jews will lend it to you

[MFP1520]

SHIT HAPPENS WERE BROKE

[FortNikitaBullion]

Another debt you should mention is the fact that Americans are suffering the worst health problems in the history of civilization. And you can't just erase this debt with a printing press.

[1cherrylane]

For more insight and truth.... have a lookie at Peter Schiff's interviews here on u tube....... he says it like it is in everyday speak without all the economic gibberish.

[WoeYeah]

'A MILLION dollars is a stack of $1,000 bills 4 inches tall.

A BILLION dollars is a stack of $1,000 bills the length of a football field (120 yards) high.

A TRILLION dollars is a stack of $1,000 bills 54 miles high.' Ronald Reagan

[threebobs]

End the state, and you'll end 95% of the worlds major problems.

[jackiechan511]

The US might as well be printing more money to solve its economic crisis. Just look at what the Federal Reserve and the Bureau of Engraving and Printing do all the time which is printing new money

[louis12346]

• Engineered a fraudulent housing and debt bubble; • Illegally shifted vast amounts of capital out of the U.S.;  • Used privitization as form or piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder. Its a scheme of the Illuminati/NWO/globalists to destroy U.S. sovereignty & usher in a one-world dictatorship! bubble is over, USA be de-modernized?

[CaJeffO]

CONNECT THE DOTS - See these websites & video playlists.

★: DarkSideOfIllegalImmigration(*­)com

★: PaperWeapons(*)net

★: numbersusa(*)com

★: OperationBodyCount(*)com

★:  VOIAC(*)com

★: IllegalImmigrationCrisis(*)com

Forward my challenge to ALL elected officials: Debate me regarding "Is illegal immigration good for America?". Any politician stating illegal immigration is good for America is Treasonous! Illegal Immigration costs $500 Billion Annually.

[Truthpolice9698]

The answer is to privatize social security, Medicaid, Medicare, roads and everything in the federal budget.

These buffoons should have ZERO power and control of our lives.

[cds162]

sell off everythingto pay for it all? I am not sure that is the way to go either...

we need to stop spending.. the gov & us.. live within our means... no F-22's.. no big screen TV's

[Truthpolice9698]

Yea the dollar is collapsing.

And we will be a third world country soon.

Buy guns.

Thank you Barney Frank, Chris Dodd, Nancy Pelosi, Tom Daschle, Harry Reid, Maxine Waters, George Bush, Trent Lott, Alan Greenspan, Bill Clinton, Ben Bernake and all the other losers that decided politics was more important than the people.

And of course the media that is useless in reporting anything of substance.

So we got a half black president who doesn't have a clue about economics. Just great.

Thanks

[azaquihel]

@Truthpolice9698 want to know your country ??start watching non american news networks ...go for al jazeera or ..russia today or the china channel.......

hoo and get to know the history of ENRON and this society will make a LOT OF SENSE for you

this country is so full of lies that you will start calling it the USA corp.

[rachelabombdotcom]

CNN is broadcasting IOUSA "America's Money Crisis"

It's about damn time!

It should be on every channel including Disney since those viewers will be the ultimate victims of this.

Thanks so much for you're great work! xoxoxo

[Eztarget156]

Hey! This is all true! Realize that the National Debt is not conservative, liberal, democrat, or republican. THE DEBT IS FACT. We need help!

[cds162]

you got it.. BOTH parties are at fault..

we need to stop spending the gov and the people

no more f-22's.. no more big screen tv's

[2buckchuk]

Bad credit, no credit, that's your problem asshole.

Assy Mcgee 2005

[bullitPOR]

social security is one of USA "4deficits",acording to the movie.

I think the others solve by internal strong economic politics.

But,i think,the BIGGEST problem u have isnt the credit crunch but inflation of your currency,that 700B Bailout full applied will worst it...in my opinion u should stop your legislate in the that u federal reserve to produce currency.

Your Federal Reserve has way to much power on americans and each time they low interest rates,curios(or not)inflation rises.

[almartin77]

We need to stop working 4 months out of every year to pay for this BS. I am sick of being a slave. How about you?

[BoobyTubenevky]

Wake up Guys, vote Republican again and even "Friend Countries" will be against you...

ML (Canadian)

[EasyEs]

Shut up dude and don't speak for me..Europe is more doomed then the USA and you want America to turn that direction?

[BoobyTubenevky]

Turn in the opposite direction from stupidity, but I am not talking to you since I know you won't...

[EasyEs]

Pick up your ball and go home baby..

[fatmoleman]

Look at us! We just voted in another term for that conservative republican fuck Harper!

Election day in Canada was a sad, sad day.

[Stormwern]

Anyone else feel like you're standing on a slope with your arms stretched out in front of you trying to stop an avalanche..

[dagnemrth]

Well, you yanks will do fine, at least for another 10, 20 years before your lose your technological advantage. The only thing generating real wealth in your country is your tech industry, oh and your weapons industry of course, and plenty of real money are still coming out of those places.

Of course, the trick is to keep trying to socially destabilizing all your competitors, that's why you just love spreading democracy don't you? political instability = one less competition.

[v0teRonPaul]

i predict we will have another great depression before or around 2020.

thats when China will probably become the worlds reserve currency and wont depend us that much.

[kryzadmz]

It's a good thing for Mexico that we are building that wall along the border, to protect them from the exodus of illegal Americanos that pour in when our economy collapses. Of course, they will probably be happy to have a few of us to work in their meat processing plants, as domestic servants and other places that require back breaking and unpleasant work.

[rizkybusiness08]

The Sequel will be DEFAULT USA!!!

[MidnightChimes]

Once the numbers roll in for cost of keeping seniors around, Conservatives and the Religious Right will be falling over themselves to get a Euthanasia law on the books.

[ADebreu]

America's bolshevik trio, Bush/Bernanke/Paulson, just added another $1,000,000,000,000 this week by socializing the mortgage and insurance industries. So it's actually $54 trillion now.

[Desolator1]

brutal truth

[Autotee2]

Is there anyway we can watch this movie online?

[azaquihel]

@Autotee2 netflix

[Piscivorus]

And who do we owe most of that too?

The IRS!

Which means it's not real debt, it's phony debt. It's as phony as our Federal Reserve Notes are.

[TylerNull]

No, the government does not owe it to itself. The debt is owed to others; those holding US treasuries and such; investors, 401K plans, companies, foreign governments, ...

[luke666808g]

the majority of the debt is owned by the federal reserve, the US government sells bonds cover it's deficit spending, but if there isn't sufficient demand from like you said, investors, 401K's, and other countries, then the federal reserve buys them, i think of the 9 something trillion in government debt, the fed owns about 5 trillion of it.

[TylerNull]

If we go with the Fed's non-accounting type of accounting, the public still owns the majority of the roughly $9T.

As of 6/08, it was something like $5.2T held by the public, $0.6T held by Fed. Res. Banks, ....

Regardless, to the extent the Fed DOES borrow from the fed -- IS the majority holder -- that's called "monetiziing" the debt, which is generally considered the "end game" for a dying currency.

[italstal07]

abolish the fed and IRS...nader/gonzalez 08!!

[ASimpleEquation]

Better yet, Baldwin/Castle 2008!!! True contitutionalists who WILL get this country back on track! All the Ron Paul supporters and ALL Americans who TRULY want to save their country SHOULD be supporting this man for the presidency if we hope to get the power back in the hands of the people. DO YOUR RESEARCH!!! McCain, Obama are BOUGHT AND PAID FOR by the big business lobbies and WILL NOT SOLVE OUR PROBLEMS short of turning the US into a nightmarish Orwellian Police State! WAKE UP SHEEPLE!

[Lion4rmdserengeti]

Dude Im sorry, not too many people know the diff between Blue House & Illuminati. Keep reading your history & If you have any questions drop me a dime. But yes, the Rothschild, they must go....but I'll tell you this...not all the British Masons are Rothschild, neither are the alot of the Jews. Look up some info on Hitler & why he mass murdered Blue House Masons...Jews & Gentiles...Hitler was an Iluminatti.

[Lion4rmdserengeti]

Hey dumbass, Im a 32 degree freemason who cant get get a medicaid/medicare card,Then too, I cant a Pell Grant for my Biochemistry degree...but Freemasons are at the bottom of everything right? Tell that shit to all the Masons & Eastern Stars who are in Iraq right now who are about to come home TO NOTHING when the war is over...DONT BLAME US!!! BLAME BUSH & THE FAT CATS IN OFFICE WHO ONLY WANT MORE. BUSH IS A MASON TOO BUT ANY MASON WORTH A DAMN CANT STAND HIS RETARDED ASS.

[Starry2000]

"Osama bin Laden wants to bring the US economy to its knees"

THANK YOU! That is exactly what I believe he is up to as well.

[Lion4rmdserengeti]

BUSH did it for him!!!!

[jetstoknowhere]

See we could save 41 TRILLION dollars by removing social programs. We don't have the money for them.

Stop funding social programs. All they do is take $10 dollars from your grandchildrens pocket to put $1 dollar in yours.

[cowboycarl04]

or, we have 15 dollar gas and we are taxed over 60% of our annual salary...

[jetstoknowhere]

I don't mind working until august for the government to do? ;)

Not to mention social programs are an incentive not to save for retirement. Not only are they costing us money, they aid in promoting the dissaving that just push our problems further.

[Lion4rmdserengeti]

Yeah, that's why I didnt get my Pell Grant for my BIOCHEMISTRY DEGREE. Do away with social programs HUH!!!

[djgeoffe]

sidrosteel said: Taking money from people to redistribute it to other people is called THEFT

No, that's called revolution.

And to say the far left is what makes up the neo-con movement made me laugh. That team is a bunch of far right wing fascists made up of Reaganites. Nothing "lefty" about any of them.

[dave777blaster]

The USA is headed for complete and utter collapse,Britain as well.same time that both China and Russia are rising exponentially .I believe they will start world war 3 in order to save themselves from utter collapse.each time the US govt bailed out the banks was because of over night balances in the negative.trillions of dollars are still yet to be resolved.all the American fighters in Vietnam in effect fought to break the back of America the loss of the gold standard broke America's back bone

[WCSLdglas]

no, you're incorrect. vietnam was created before john kennedy and not by the united states. the united states inherited that war from the european involvement there.

world war 1 had nothing to do with politics, it had to do gold. so did world war 2.

bill clinton was a liar and an adulterer, and he shouldn't have been dismissed from office.

any more questions??

[psykotrol]

uh, no. stop watching your tinfoil hat propaganda.

world war 1 was started due to an arms race, militarism, and the assassination of Franz Ferdinand. world war 2 was due to Hitler violating the Treaty of Versailles, Stalin taking power, Mussolini promising a "New Roman Empire", and Japan invading China.

[WCSLdglas]

it seems like you were able to complete grade school. i admire that, but you haven't learned the truth, have you??

[psykotrol]

lol, and what would that be? if you cant provide evidence or examples, your words are empty. there is sufficient evidence that Iraq was started over oil, that America has policed the world for their own political or business interests post-WWII, but what evidence do you have that WWI and WWII were started over gold? We know that many companies profited off of them, but what evidence do you have that entails them being started implicitly for gold, and not for geopolitical power/influence?

[WCSLdglas]

email me. thank you.

[bapyou]

"there is sufficient evidence that Iraq was started over oil"

Hell, in his memoir published last year, that raging Marxist Alan Fucking Greenspan admitted that the Iraq War was about oil.

It's against international law to invade another nation to usurp control over its natural resources. Therefore, if control of another nation's resources is the reason for invading, the invading nation had better come up with a different reason.

Weapons of mass destruction anyone?

[louis12346]

My wife is helping War effort.Shopping every Day as Bush told her.charge it !

[bapyou]

LOL

[ajpmathwiz]

@bapyou How about violating ceasefire by firing on American pilots? That reason enough for you?

[flyhye]

..lool!!! and this is in a private health care system?

[AndrewWJewell]

I am encouraging EVERYONE to see I.O.U.S.A. ... Repent TODAY Liberal DirtBags

[Aaberg123]

Do realize that the only time you had a budget surplus was under Clinton. Call it what you want, but the GOP is not gonna save you.

[sidrosteel]

Wrong. The GOP is going to be in shambles after this election. Real conservatives are going to rebuild it and take America back.

If you think that the Dems are going to save the US from financial disaster.. you are insane. Listen to their plans.. TAX TAX TAX. To 'give' us something. Healthcare, Education etc.

Taking money from people to redistribute it to other people is called THEFT.

[Kazzzo]

Haaaahahahaha. Funny.

Too bad you're completely wrong.

Reagan: 200+ Billion deficit

Bush I: 300 Billion deficit

Clinton: 200+ Billion SURPLUS

Bush II: 1/2 Trillion deficit

[sylfamas]

you're also completely wrong :P read more... read on wikipedia or something.

[rroeserr]

Clinton didn't have a budget surplus. It was only a surplus if you included social security. How started those programs on the list? The Democrats. BTW- The president doesn't make the a huge finical impact. The hose of reps controls spending. And you know who controlled it during the Clinton administration? The Republican party.

[dave777blaster]

Leo wanta's money was the surplus

[WCSLdglas]

liberal dirtbags?? it was the conservatives who took us to war; it was the conservatives who got tagged with abramoffs money laundering scandal; it's the conservatives who lie more than the liberals. where are you from, MARS??

[sidrosteel]

Neo-cons are not conservatives. Im a card carrying republican and proud conservative, not a neo-conservative. We got thrown under the train by the neo-con artists. They were libs who came from the far left and joined the GOP.

Real republicans will rebuild the party that is going to be destroyed this election cycle. Make no mistake. If you value your rights, life and the value of your money then get on board the GOP when its weak and take America back.

[WCSLdglas]

do you honestly believe that there is going to be an election in november??

[rroeserr]

All those programs he mentions in the video are created by Democrats. Social Security Medicare, etc all sponsored by Democrats. The war is a small minuscule fraction of that. Also, the democratic part was responsible for Korean, and Vietnam which we could still be paying for today.

[WCSLdglas]

the democrats are responsible for vietnam??

where did you learn that one??

i guess people are going to believe the information they want to believe, even if it is TOTALLY UNTRUE.

[rroeserr]

Really? So Kennedy and Lyndon Johnson weren't president then? Kennedy wasn't president when the raised the military advisors to 18,000? Also, wasn't it LBJ that lied about the Gulf of Tonkin? Oh right it was. So yes the Democrats are responsible for our involvement in Vietnam, and Korea, WWI, and thus leading us to WWII. But I guess that's not a big deal. Oh I should have added the Bay of Pigs fiasco too. Don't forget Bill. Clinton ordered airstrikes over Kosovo after congress told him not too.

[WCSLdglas]

after the movie plays for a while, consider making it free to all americans, because $11-$20 is not possible for all just to see the movie.

[aabbud]

Well I just went to see it, and some guy gave me and 3 other people tickets since his friends weren't going to make it. So I enjoyed watching it free :).

The Open Forum was good overall I think. David Walker is the man!

[WCSLdglas]

this movie was designed to get people to invest...hello out there...it's part of the establishment, too. WAKE UP!!!!

[underdogD]

Our government and the "Privately held" F.E.D. have been hard at work to take advantage of the american idiot for oh...about 90 years now!!! The Gold standard was not perfect but at least it had (BACKING)!!

[narfer121]

incase anyone is interested..... this is the same scenario played before a war..

[webfulcrum]

If you support Federally Funded:

Public Education, Health Care, Medicare, Medicaid, Social Security, WIC, Subsidized Housing, Child Care, ad nauseum...

Then YOU are the problem, not the legislature (who, incidentally passed every one of those items into law), but YOU, because YOU lobbied for your elected representatives to rob your neighbor so that you could have free stuff.

53 Trillion in unfunded liabilities for my kids sounds like "taxation without representation" to me.

[7boon]

Quite easy: we can perfectly have good public services *and* fiscal discipline.

Just cut the bloated military funding by half and *slow* the pace of social security raises.

[gergenheimer]

amen, brother, amen.

[7boon]

in which case no one will want to touch the money.

[JoeTube27]

Money systems area joke. Govt's can print and print and lie and lie. It's a game to make you a slave. Also Real Free markets would equal to 1. Almost no Govt. interference and 2. No Federal income tax.

[dave777blaster]

by 2010 America will be in the NAU

the new currency may or may not be backed by gold. but it will be backed to the hilt by

the resources of Canada.

[gergenheimer]

You can rest assured that any new currency we have foisted upon us would NOT be backed by gold. Our international banking masters will not allow a sound currency that restrains government and protects our wealth. Our monetary system is the greatest fraud ever perpetrated in human civilization.

[ajpmathwiz]

@gergenheimer There isn't enough gold in the world to back up the currency we already have. Besides, if faced with a truly global currency crisis, gold isn't worth much more than cotton anyway. It would make far more sense to back up the currency with something that can be used as fuel, like oil or uranium.

[gergenheimer]

you're wrong - beyond a certain basic threshhold, there is no 'correct' amount of a commodity to back up a given currency - any amount would do. It might be that gold would be $15,000 per ounce, which might be impractical, but it doesn't mean there isn't 'enough' gold. As for a 'usable' commodity like oil backing a currency - this defies one of the qualifications of a sound money - commodity-based money is supposed to be durable over long periods of time, not something perishable or consumable.

[sylfamas]

do you really think canadians will allow this ?

[revengeo]

As a Canadian, I spend a lot of time worrying about the US invading us to grab our resources. It just seems like the sort of thing the US would do. Americans, please let me know if I'm wrong and that you are above this level morally. I would like to think so, but your recent behaviour and a perceived prevalence of xenophobic attitudes (or downright hostility) to non-"Americans" is disturbing.

Please feel free to buy our resources, but if the price goes up too much, that's just "the market".

[rizkybusiness08]

No you're right...You're soooo Screwed!!!

and...Hockey will no longer your nations National Sport it will be NASCAR..You to will watch cars go around in a circle similar to Americans chasing their own tail as their entire life is based on Debt!!...*snicker*

God Bless Canada!!!.....:O

[Historiocality]

No the US will not invade. Your leaders will sell you to us. Ever hear of the "Security and Prosperity Partnership of North America"? Look it up. Same with Mexico. And its only the top echelon that wants it.

[dave777blaster]

No they cant because when they print more each dollar is worth less,thats why the dollar has lost 40% of it's value the last 6 years and why real inflation is running around 15%

[mountaindrew007]

:(

(no words necessary)

[bierdier]

I guess that sounds a bit over the top, but its about whats happed, "America" has become soft, weak, we're a paper tiger in every sense of the phrase.

[bierdier]

its not about cutting programs, its about cutting frivolous programs.

and raising taxes.

don't people realize that the way the government makes money is through taxes?

you can't have your cake and eat it too.

also, in my opinion, there should be a way to fire politicians who do a crap job.

Honestly, if you hired someone to watch over your house, and you came back a week later at war with your neighbor, 600,000 dollars in debt, and to top it off they'd tapped your phone.

[epicdeuce]

Go watch some ron paul videos, we dont need to raise taxes

[bs2174]

We need to nip this in the butt with the Fairtax Warren.

[CaliforniaArchitect]

Every politician talks about programs, programs, and more programs. When are they going to start talking about cutting programs?

[npohlman95]

when are people going to start listening to Ron Paul... he is the only politician who gets it...

[MooseOfReason]

What the fuck!?!?!?

[KamikazeKoscki]

When you are born, you are a government asset.

States on your birth certificate. You are given a Social Security number (National ID) and you will work for slave wages for Corporations belonging to the Council on Foreign Relations.

(Check the Corporations out-they own dang near everything and business in the US). Buy local, support your small business men and women..boycott the CFR businesses, make them break their banks. It's REVOLUTION TIME!!!!!

Check out CAMPAIGNFORLIBERTY(.)COM