What's so wrong with the world today is that the people on top cant steel any more, after watching the documentary movie "zeitgeist moving forward" here on youtube. It was clear everything is like that and how we are being enslaved.
Hey Karl, you are a loser! Do you know how many predicitons you have made that were WRONG! People are losing money based on your weak advice! Try getting a real job fat boy!
A ‘BAMINATION: ‘laughing BECAUSE his foundational BOGUS Birth Claim FRAUD RATES ANOTHER SICK PERVERSION of a CONSTITUTIONAL US of A: Thieving NWO Neo-cons have hoodwinked US population for multi-trillions dollars: 1998-USD: NWO hordes (67%; NYC) over 1/3 approximately 5.5 football fields of the world’s estimated 8.25 football fields-worth of GOLD that has ever been mined; accumulated, over the recent 52 months, has been 1/2 of the heist: so ‘ya, the speaker is SICK WITH LAUGHTER!
Karl, it almost seems as if they're just trying to increase our slave status with all this over-spending. It's our future earnings they steal through illegal taxation that has to "cover" this. That is pretty much outright slavery. Deficit spending is a control mechanism. it's part of the big agenda.
This Moron calls Ron Paul a "senile old coot"! I would love for this idiot to tell me who in govt has a POV closer to his own than Ron Paul? Apart from the technicality that Denninger believes that Glass Steagal is the saviour of the financial system and Ron Paul wants to deregulate, their positions are identical. Ron Paul has almost single handedly founded the debate on the Fed! He's never voted for insane budgets, never voted for the bailouts and has rallied against govt largesse forever!
Hilarious. Calling the Tea Party a fraud, when we in the Tea Party are saying the very same things to our representatives. Has it ever occured to you that the congress ISN'T LISTENING??? And the grass roots is responsible for that how?
The defecit seems to go up when taxes are cut on the millionares.(70% in the '50s) Could there be a connection? Simply letting the Bush tax cuts expire for the top 1% would have have brought in many times over the savings from these token cuts to the most desperate. I paid more taxes than exon-modile last year. The tax payers also subsidised this most profitable corporation in human history with billions of dollars. We need tax fairness. This is the basis of our economic trouble.
Your calling everyone a fraud(Tea Party) is somewhat ignorant! Would you rather the Tea Party advocate for yet bigger government with even higher deficit spending like the libs want? In your mind I guess the Tea Party should call for cuts of $1 trillon a year and be called devils who want to kill old people and babies?
@kdenninger That would be nice, but the media would demonize the effort so badly that the GOP would be toast! The zombies watching the NBC nightly news are clueless and will never get it until it is too late. The only thing to do now is prepare yourself (and I am) for the worst and weather the coming economic storm!!
A smaller goverment would be fine. What jobs are available in the private sector for the "let go" govt people to fill? Does one member of a dual family income need to quit their job to allow a family with no job to fill? Talk about working until a person is 70 yrs. old? Surely won't open up jobs for the upcoming crop, will it? I propose a 10 hour 3 day work week! Since many of us will not have healthcare upon retirement, we may as well work less hours now to enjoy life a bit more.
@perspektuv a mandated 30 hour work week would not fix things. if we cut government workers jobs and lowered taxes accordingly jobs would open very fast. let the market work no more rules from the federal government please.
I don't understand the part where you accuse Tea Partiers of being fraud. Tea Partiers advocates large spending cuts and fiscal responsiblity which will mean the 43% borrowing will be reduced to zero. Just because politicans don't believe in this doesn't make the Tea Partiers as a whole a fraud
@kdenninger When you say "the TEA Party is willing to accept a 37% GDP decrease to get their zero deficit", what exactly do you mean by that and what is your source (as if any one person or web site was the official representation of the whole) that they do?
@outforsushi The Tea Party are well intentioned but they are clueless. I've delt with many of them, they don't want to know 911 truth. They defend the perps.
Total PRESENT VALUE of debt and NET of expected inflow unfunded liabilities is over $100 trillion, while the entire net worth of the people in the US, including housing, is just north of $50 trillion. Unless you can tax EVERYONE 200% and have them live in the woods and eat grass, spending is the 800 pound gorilla. Also, 48% pay NO federal income tax. Cut loopholes, make EVERYONE pay taxes so they can't vote themselves other people's money, but most of all, cut spending!
@dmger14 we're past the point of meaningful government action. all any of us can do is be the best that we can be. appreciate our families, prepare as best we can, and just appreciate the conveniences of water, electricity, food that billions of people worldwide can only dream of enjoying.
Absolutely right. Unfortunately, those conveniences may be in jeopardy if it gets medeival here. That's my biggest fear. Nobody seems to understand that EVERYTHING is going to take a major hit since we didn't tighten our belts all along. We live in interesting times, and wil witness the collapse of the biggest ponzi scheme in human history!
38 billion ... just goes to show you the utter contempt those blue and red semi-sentient automaton have for Americans. its my opinion that we're finished as a nation, society, culture, etc. most sensible action for individuals are prepare(don't overestimate your survival skills no matter how experienced you are), get with your family, and appreciate the little things while they last
Of all the things they could do an won't (like cut the corporate welfare and tax breaks, eliminate the tax breaks for the top 2%, reinstate the inheritance tax, end the wars, cut the military budget by an appreciable amount) they were only left with smoke and mirrors. It was that or nothing. So they made a big show for the ignorant public and then they come back and give you more of this "compromise" - which is another way of saying "you lose...again".
The politicians will keep on promising something for nothing, and when the currency collapses they will blame it on too much freedom and lack of government.
they don't want to raise taxes on the rich, they don't want to cut the military budget or foreign aid or god forbid the politicians cut thier own pay and pay for thier own benefits like the rest of us americans do. or actually make corporations pay taxes and cut corporate welfare we can't do any of these things but we can keep sucking the little guy dry and cut spending on services that is doing nothing to make a dent in the deficit or spending....
Karl: Do you honestly believe that there was any "better" deal that could have been won by the GOP in the budget wrangling? For the balance of FY 2011, it was about as good as could be won, and had a number of riders which ALSO disabled ongoing funding for a number of programs which will account for further spending reductions down the line. The REAL fight begins with the debt ceiling, and the 2012 budget. Look for more "meaningful" numbers then. ='[.]'=
@Raycheetah there was a better deal... Let's have a real tax increase on capital gain and remove all unnecessary subsidies (oil, farming and weapon industry in particular)
Get out of allmost all foreign army base. That would be real spending cut.
@Raycheetah In all honesty do you really think we can ever have a balanced budget; If we stop spending we go into depression, tax revenues fall, we can no longer service our UNPAYABLE debt and we default on your obligations; the only alternative is to inflate the debts away. Either way, we are SCREWED. When Karl gestured that US Legal tender will be used a toilet paper it is very true indeed
What happened to your article titled "listen to the hucksters and loose your ass" about how gold and silver are a bad investment? Are you now endorsing gold and silver as a way to keep your purchasing power? I love reading your blog but that was the only article that ever confused me about you.
I'm with you Karl. I am rip roaring peeved that we changed the power of the House and wea are about to sanction another trillion dollar plus deficit for 2012.
Am I ahead of the curve or missing something. The cost of goods is going through the roof or my money is losing value. Why am I the only one ready to choke someone?
I agree with everything but calling the Tea Party a fraud. The budget cuts were indeed a joke in comparison to what we spend. I don't think we would have cut anything from the proposed spending without them. It is a start in my opinion, this debate and process will take time and effort. Obama is not serious about cutting anything, he wants more"stimulus". The Democrats call cutting anything murdering or starving someone. The debate is ridiculous but you have to start somewhere.
@bertly71 cutting services for citizens is not the answer. everyone needs to be taxed properly the rich pay practically nothing in taxes these days neither do corporations here. and is'nt it funny how we need to cut domestic services for our citizens yet somehow we are able to find money to fund every war we have going and the next one that comes along? and give foreign aid to other countries? and give welfare to corporations that are making massive profits like the oil industry?
@hellshade2 I agree that everybody needs to pay their fair share of taxes. I agree that we are in way too many wars. I feel that our government is too big and intrusive and needs to shrink when the economy shrinks, not get bigger and put more of a tax burden on those of us who do pay taxes. Excessive taxation and regulation stifles job creation. There will be no recovery without private sector job creation.
@bertly71 and yes most of the tea party are frauds. some of them may be serious about being fiscally responsible but much of the tea party was taken over by republicans and used as a tool...
@hellshade2 I beg to differ with you and Karl on that. The Tea Party that I know is full of fiscal conservatives and Libertarians. Both Ron and Rand Paul endorse the Tea Party platform of smaller government and I agree with them both. Some people claim the Tea Party mantel are only posers.
Yeah, try selling the gutting of Social Security, Medicare, Welfare, and the Pentagon to the government-dependent masses. IIRC, half the country now gets a check of some sort from the government.
While the Tea Party started out a great thing (Marched in one of the first ones - me, a Libertarian alongside my coworker, a Democrat) it has unfortunately been co-opted by the Republican Party. Who, BTW are half the people responsible for the mess we're in (the other half liberals). Both cow-tow to the globalists who've sold out the U.S. as part of their "one world government" scheme.
Yay! Thanks for presenting this very serious observation in an entertaining and attention-getting way. Some of my friends who, like me, consider themselves political progressives, are bemoaning the "drastic" budgetary cuts. While I don't begrudge their sentiments regarding social values, I so far can't seem to make myself heard much about the 99% of the budget that isn't being touched. We need to focus on the big money buckets - including the military and Medicare.
I enjoy your videos. We have already gone over the cliff. As we begin to tumble as we strike the rocks on the way down I would really appreciate more information from you on what is waiting at the bottom. I'm a prepper, not a finance guy. I sub to some of the finance channels to try and keep a road map of where we are at economically. Any strategies you can offer us in the prepper world would be appreciated. I've got a year of food, lots of ammo, small amount of silver/gold.
The Tea Party is mostly concerned about the gay people livign in their neighborhoods, about the people smoking pot and whether or not Obama will take their guns.
I like your videos and info, Karl, but its too late, its done, it was done before this. we are past the point of no return and those idiots don't give a sh#t about you or me or our kids or anyone.They are gonna run it into the ground. I guess most of them don't even care enough about their own children, grandchildren etc.Its all about them and their lobby campaign contributions.[pimps] If they had any brains, most would never have been in politics anyway.Its the way I see it.
Yeah, people refuse to see what the endgame is. To remind myself, I ordered a few 100 trillion dollar notes from Zimbabwe off of ebay. I'll put them on my wall to remind myself why I try not to have any cash, and stick to PMs for my "store of value" needs.
Guys, I like Rand Paul too but where has the rest of the Tea Party been with this stuff? A lot of the Tea Party has been hijacked by the Dick Armeys and Sarah Palins of the world (who, somehow, still has a lot of Republican support) or they are mostly clueless. Let's not even get into how most of the Tea Party people reauthorized sections of the Patriot Act. We need to cut almost 2 trillion in federal spending for a balanced budget, and most of the Tea Party is not pushing this.
How any of this is related to the tea party(hijacked or not) is beyond me. The leader of the senate tea party caucus propossed a $500b /year cuts + 5 yr balanced budget plan and somehow that went unnoticed to Kdennis. Me thinks Kdennis is trying to sound fair by bashing everybody, give credit where credit is due or you would start looking like a bitter fraud yourself
@HyperBorealOperator ...how about our country's attempts to please GOD? Has that worn out it's allowance with you, too? Israel is the only democratic nation in that terror toilet of turd third world countries, and our only ally. Israel is also sitting on enough gas and oil to supply us if the Arabs cut us off. In addition, the Bible COMMANDS us to protect and honor Israel. I think I will listen to God and my common sense, not you.
@medini2 ...the Bible clearly states that God will curse those that curse Israel, and bless those that bless Israel. I am listening to God's word, I don't care what some lady on YouTube says, and I care even less what you say.
@medini2 ....thanks for the quote. "The Truth" refers to the Bible. "Fables" and "myths" are perpetrated by people like you that don't know what they are talking about. I listen to the Bible.
@VeriSheri Well, you are following the Zionist bible and you are truly mistaken. You are brainwashed into believing what "THEY" tell you and you would die rather than looking at the bible on your own for the truth of the matter which is inbetween the lines and all thru out history if you had ears to hear and eyes to see. You are one of the minion. This is the saddest comment for the day coming from you. WAKE UP.
@regardingme1 ...who is "they"? Nobody is telling me anything, except God. I do not follow the "Zionist bible", I follow the Holy Bible. There is no mistake in that, and you are the one that better "wake up".
@regardingme1 ...p.s. You are yet another person attacking me who is not a Christian. FYI, Christ and Buddha is NOT the same thing as you say on your channel. You are a lost soul, trying to create your own "reality" and judgment is upon you. There is no "in between the lines". It seems that God keeps trying to get your attention, but you wont listen. Your choice.
Fuck Israel. They're not our ally. Ever hear of Jonathan Pollard? The USS Liberty? Lavon Affair? Israel knew about 9/11 and did not warn us. Israel has almost zero oil and gas. They produce 4,000 barrels per day and import 250,000 per day.
@HyperBorealOperator check out RedIndigoSilver 's vid called, "Israel on the Eve of Revolution"...she isn't a very nice person, but, sounds like the Israeli's aren't the ones getting the money.
Bernanke announced that the QE2 program (also known as the purchase of U.S. Treasury bonds) will end on June 30th!!! Whoopi! But, didn't the CENTRAL BANK of JAPAN just print somewhere around 15Trillion yen? And, couldn't that yen w/ the "help" of the FED be LAUNDERED through the FOREX CURRENCY EXCHANGE & converted into USD's? This earthquake could have made Japan Bernake's giant ATM machine.
@UVpirate Partially hijacked, sure. And I wouldn't argue that the TP congressional candidates haven't been sub-par so far, but, at a more local level, I think the TP still helps. The WI collective bargaining fight looked less about public unions and Dems vs. Reps than it looked like public unions and Dems vs. the Tea Party imo. I mean, hijacked or not, what other group fights more for smaller government and accountability than the Tea Party? Someone answer so I can look into joining it.
@AcePilot101 Paul Ryan's plan got slammed by an author pointing out it would spend a higher % of GDP than was spent during Clinton's term. Meanwhile, Rand Paul has a budget plan out, too.
@AcePilot101 ryans plan is little more than another paln of the republicans to take money from the poor and middle class and transfer it to the rich elites...
A friend of mine in the Marines got his paycheck & they only paid him 1/2 his normal pay AND told him there will be NO paycheck next month AT ALL.
We can't afford to pay our Military who put their lives on the line for us every day but we can afford to give Food Stamps, WellFare, Free Health Care, Low Interest Car & Home Loans to ILLEGAL IMMIGRANTS but in the meantime Real Americans Suffer.
OH, Let's not forget the HUNDREDS of BILLIONS of $ we Give Israel & they DON'T have to pay it back.
I would like to see the tea party votes on the bill, but if they are 95% for more cuts, and voted no, how can they be considered part of the problem. Except that they didn't filibuster.
@magichandpuppet ...I am not concerned with what the atheists think. I am concerned with what God thinks. If you want to curse Israel and say "to hell with them"....that is your choice. You are inviting God's curse. Not my words. That's exactly what it says in the Bible.
@VeriSheri lol....i will tell you dude , if you stand with Israel , then you need to move there...Israel is the number 1 terrorist state and the only state or country to commit terrorist attacks on the united states of america. if you stand with Israel ..under us law and the bill of rights you are committing HIGH TREASON and you will be charged...this is coming from millions of patriots!!
@DOCSAFETUBE ...I am not a "dude", and you are a radical nutcase, and obviously not a Christian. I think Homeland Security need to take a good look at YOU. I'll be reporting you tonight.
@VeriSheri WOW ...so patriots like me who stand for the constitution and bill of rights are radical nuts ..so who is the brainwashed one...sure not me ...and for your info ...your the radical...b/c you stand with Zionism , that's right ..the Zionist Christians are so brain washed it's not even funny...you guys don't even know real history , and not even smart enough too even wake up!
Good luck moving to Israel if you don't have Jewish DNA. The hypocritical zionists have seen to it that the US has open and unrestricted immigration while Israel has a very strict closed immigration policy. Of course this is because the Zionists wish to destroy the US and Europe and their native peoples with unrestricted turd world immigration.
@VeriSheri AND HELL YES IM NO DAME CHRISTIAN ..I woke up decades ago ..why would I be apart of Christianity that is based on mythology , fear , murder , and lies ...im so glad people are waking up too brainwashed religion!!
@DOCSAFETUBE ...I can smell a nonbeliever a mile away, but thanks for admitting it. And if you were a true Patriot, you would believe in God, just as the founders of our country did.
Apparently you really don't know anything about the founders. They were anything but religious zealots like yourself. They were mostly deists and agnostics. Thomas Jefferson was such a believer like you that he told believers to shut the fuck up basically in his letter about the separation of church.
@VeriSheri WOW GURL , this is what im talking bout..read your words again. a true patriot believes in god just like our founding fathers. OK , did I mention in my last comment that I don't believe in a god...NO! so your trying to switch up the convo , not going too work gurl.
1. I believe in a GOD ....but not RELIGION or any of the BIBLES !! ( Ive been awake for 25 years)
2. 3/4's of our founders did believe in a god , they were NOT Christians , they were deists!
@WulfBand It's so cute that you think "our" military puts their lives on the line for "us".
The invasion of Iraq was particularly abhorent; Saddam was your guy, he worked for the CIA before he ever came to power. The US supported him as a bulwark against Iran with loans, with military intelligence and expertice all through his worst attrocities. The deliberate US bombing of water treatment plants and sanctions onrebuilding and operating them and medicines caused half a million deaths.
@WulfBand All the things you mentioned together still don't equal the massive waste of money that is spent on War, which is "off budget".
The fact that the American public has sit by while the military gets paid crap and contractors get paid 4x as much. didn't hear anything about cutting Haliburton or KBR payments in this shutdown.
Btw, ask your Marine friend just how many of our military need food stamps to get by on what they are paid.
@arvoreen73 Bush spent like a drunken sailor, but the economy was blowing the bubble. So the defict remained at 500 billion like the graph showed. Then the floor dropped out. And the deficit ballooned to 1.4 trillion. OK fine both spent. The question I ask what corrective actions have taken place since? Obama seems to want to inflate to bail out the banks. he wants to spend when there is no money to spend supporting really crazy stuff like homeowner bailouts.
Greece cannot Print. Not the same as US. Ask Portugal how well They are doing with 9% 2 year Bond and climbing. Hmmm... I wonder if the EU will print for them? Yea I think they will. This is not a one sided game children. The Recovery is a process not an Event!
Of course it's fraud the US is a fascist, financially, morally, and spiritually bankrupt, Middle east oil dependent, money printing, banana republic and the greatest military empire the world has ever known. That is all one has to understand. The whole global Central banker criminal controlled, debt based monetary system is one big ass scam and it's doing exactly what it was designed to do. This ain't frigging rocket since here. Next stop WWIII
If they had taken a dollar out of one pocket and put it into another pocket that would be better then what they are doing. To say that the right pocket had some dollars in it and the left pocket had none would imply that the right pocket would at some point run out of dollars to lend to the left pocket at some point. The truth is, that the right pocket has a printing press in it and a hole in the bottom through which can be fed as many blanks as it needs, to produce as many dollars as it wants.
I know it's been said before, but why not physical gold and silver? Coins have the additional "numismatics" value. But stay away from the" Chinese Panda". I was looking at some vids that showed some of those coins with corrosion, when they are not supposed to. Anyway, there's also the gold and silver bullion. Just make sure you save some for your 6-month food reserve...
How is the Tea Party a fraud when it's about the only group that tries to make a serious difference in spending and accountability? Boehner was having budget problems because (some of) the TP candidates were holding his feet to the fire. Not all the Tea Party candidates turned out to be champions of smaller government, but I think the Tea Party is at least pointed in the right direction. They sure lent their bodies and voices in the WI collective bargaining fight more than other groups did.
Talk is cheap. Where's Rand Paul's actions? Why didn't he fillabuster the bill? Has a single bankster been arrested, tried, convicted, and hanged yet?
@WesSeid Obviously if they bought the line of BS about collective bargaining rights they aren't too bright.
That was not a budgetary move, but one against the middle class. Just keep supporting the tearing down of your neighbors while ignoring the corporate pigs at the federal trough.
@gmfutube The move was in favor of the middle class who pay Milwaukee teachers an average of $100k in compensation for 9 months of subpar work. Even FDR was against public union collective bargaining. Public unions feeding at the federal trough is a big reason why state budgets have been brought to their knees. Note: there is a difference between private unions and public unions. This was about public unions.
@WesSeid I would say that the Tea Party Cadidates are likened to a freshman in high school. They have a positive outlook, they are excited, and ready to see some progress. Unfortunately they only get congress. And the good ol' fashioned beat down. Not to mention the freshman who are buddies with the seniors helping to make problems worse. Boehner, Reid, Pelosi, ect. are the seniors. Now we've got seniors jumping the Tea Party band wagon and the infiltration has already taken place.
Hmmmm... you don't need to be a gold bug to be smart enough to understand they are better place to park excess savings rather than parking it in the mo-fk'n bank. And, of course, we will declare the "gains" on that PM when we sell.
Thanks again, Karl. Time to continue loading up on PMs.
Journey of a thousand miles begins with one step. Great achievements are nothing more than a series of smaller achievements. Let us see how they do for the rest of the year.
intrest = buy a pie and pay back a pie and a slice.. the extra slice you pay back is the interest on the original pie.. you need to buy a 2nd pie in order to take a slice out to pay the intrest on the first pie.. that gets you to owing 2 pies and 2 slices.. where does it end..? intrest is a fiction made up by the richmen of the world to show their power over us "little People.." no..?
What's so wrong with the world today is that the people on top cant steel any more, after watching the documentary movie "zeitgeist moving forward" here on youtube. It was clear everything is like that and how we are being enslaved.
stamstuff 8 months ago
Hey Karl, you are a loser! Do you know how many predicitons you have made that were WRONG! People are losing money based on your weak advice! Try getting a real job fat boy!
SOStheUSA 9 months ago
A ‘BAMINATION: ‘laughing BECAUSE his foundational BOGUS Birth Claim FRAUD RATES ANOTHER SICK PERVERSION of a CONSTITUTIONAL US of A: Thieving NWO Neo-cons have hoodwinked US population for multi-trillions dollars: 1998-USD: NWO hordes (67%; NYC) over 1/3 approximately 5.5 football fields of the world’s estimated 8.25 football fields-worth of GOLD that has ever been mined; accumulated, over the recent 52 months, has been 1/2 of the heist: so ‘ya, the speaker is SICK WITH LAUGHTER!
LogicCheck 10 months ago
Amen brother
drinkinwithbob 10 months ago
Obama has created all this media drama to keep people from knowing that he is planning to veto the bill HR 1489.
That bill would reinstate the Graham-Steagal Act of 1933 which prevents banks from using taxpayer money to invest.
Obama vetoed it before and if he does again it will show he is in the back pocket of the big banks!
Please look into this bill: HR1489
wetweasel56 10 months ago
deficits dont matter. welfare on demand !!!
quadcatfly 10 months ago
Karl, it almost seems as if they're just trying to increase our slave status with all this over-spending. It's our future earnings they steal through illegal taxation that has to "cover" this. That is pretty much outright slavery. Deficit spending is a control mechanism. it's part of the big agenda.
TadRapidly 10 months ago
This Moron calls Ron Paul a "senile old coot"! I would love for this idiot to tell me who in govt has a POV closer to his own than Ron Paul? Apart from the technicality that Denninger believes that Glass Steagal is the saviour of the financial system and Ron Paul wants to deregulate, their positions are identical. Ron Paul has almost single handedly founded the debate on the Fed! He's never voted for insane budgets, never voted for the bailouts and has rallied against govt largesse forever!
robhdg 10 months ago
Hilarious. Calling the Tea Party a fraud, when we in the Tea Party are saying the very same things to our representatives. Has it ever occured to you that the congress ISN'T LISTENING??? And the grass roots is responsible for that how?
kimberHD45 10 months ago
I like the part when he almost rips his hair piece off.
vinstonvega 10 months ago
When is the 'big event' coming?
blythebaby777 10 months ago
@APRtunedAudi paul voted for the Afgan invasion. he also believes the official story off 911. Why are you in such denile? Paul is a fake.
UNTC321 10 months ago
The defecit seems to go up when taxes are cut on the millionares.(70% in the '50s) Could there be a connection? Simply letting the Bush tax cuts expire for the top 1% would have have brought in many times over the savings from these token cuts to the most desperate. I paid more taxes than exon-modile last year. The tax payers also subsidised this most profitable corporation in human history with billions of dollars. We need tax fairness. This is the basis of our economic trouble.
O2agenda 10 months ago
if citi says sell...than buy
mike6459 10 months ago
Your calling everyone a fraud(Tea Party) is somewhat ignorant! Would you rather the Tea Party advocate for yet bigger government with even higher deficit spending like the libs want? In your mind I guess the Tea Party should call for cuts of $1 trillon a year and be called devils who want to kill old people and babies?
vambo13257 10 months ago
@vambo13257 Yes. How about the truth? Go view my next video on that truth.
Look, there's only one way to fix this: Cut the crap.
kdenninger 10 months ago
@kdenninger That would be nice, but the media would demonize the effort so badly that the GOP would be toast! The zombies watching the NBC nightly news are clueless and will never get it until it is too late. The only thing to do now is prepare yourself (and I am) for the worst and weather the coming economic storm!!
vambo13257 10 months ago
Should they reduce the deficit by cutting spending, increasing revenue or both?
TheShortStory 10 months ago
@TheShortStory Pick one - both shrink GDP by the same amount. Surprise.
kdenninger 10 months ago
when yanks learn that he who has the biggest flat screen is not an indicator of wealth..
well then .they may be able to dig in ..and work there way back up ..but i doubt it ...not without some form of slavery ?
stimulater7 10 months ago
They're building a new federal building and putting a $600,000 sculpture of a toad and fairy in it. Yep, I think we have a spending problem.
WesSeid 10 months ago
A smaller goverment would be fine. What jobs are available in the private sector for the "let go" govt people to fill? Does one member of a dual family income need to quit their job to allow a family with no job to fill? Talk about working until a person is 70 yrs. old? Surely won't open up jobs for the upcoming crop, will it? I propose a 10 hour 3 day work week! Since many of us will not have healthcare upon retirement, we may as well work less hours now to enjoy life a bit more.
perspektuv 10 months ago 2
@perspektuv a mandated 30 hour work week would not fix things. if we cut government workers jobs and lowered taxes accordingly jobs would open very fast. let the market work no more rules from the federal government please.
jsteel89 10 months ago
I don't understand the part where you accuse Tea Partiers of being fraud. Tea Partiers advocates large spending cuts and fiscal responsiblity which will mean the 43% borrowing will be reduced to zero. Just because politicans don't believe in this doesn't make the Tea Partiers as a whole a fraud
outforsushi 10 months ago 3
@outforsushi No they don't. How many Tea Partiers have said they're willing to accept a 37% GDP decrease to get their zero deficit?
That, mathematically, is what will happen. I've yet to hear ONE.
New video coming on exactly this point.
The Tea Party is a fraud.
kdenninger 10 months ago 3
@kdenninger When you say "the TEA Party is willing to accept a 37% GDP decrease to get their zero deficit", what exactly do you mean by that and what is your source (as if any one person or web site was the official representation of the whole) that they do?
1kings1918 10 months ago
@kdenninger
I am a "tea partier" and I am willing to accept it. Also both of the Pauls , Demitt, and Lee are advocating it.
2001tigers 10 months ago
@outforsushi The Tea Party are well intentioned but they are clueless. I've delt with many of them, they don't want to know 911 truth. They defend the perps.
UNTC321 10 months ago
@outforsushi The fact of the matter is borrowing is a part of the US economy and if foreigner don't buy the debt
than the Federal Reserve MUST ; as long as we have trillion plus deficients, QE ad infinitum will be guaranteed
misterman6000 10 months ago
The fraud is the idea that we have a spending problem.
We don't have a spending problem, we have a revenue problem because we keep cutting taxes on the rich and wealthy corporations.
burgercide 10 months ago
@burgercide Check out a video entitled Eat the Rich!
DRationalOne 10 months ago
@burgercide
Total PRESENT VALUE of debt and NET of expected inflow unfunded liabilities is over $100 trillion, while the entire net worth of the people in the US, including housing, is just north of $50 trillion. Unless you can tax EVERYONE 200% and have them live in the woods and eat grass, spending is the 800 pound gorilla. Also, 48% pay NO federal income tax. Cut loopholes, make EVERYONE pay taxes so they can't vote themselves other people's money, but most of all, cut spending!
dmger14 10 months ago
@dmger14 we're past the point of meaningful government action. all any of us can do is be the best that we can be. appreciate our families, prepare as best we can, and just appreciate the conveniences of water, electricity, food that billions of people worldwide can only dream of enjoying.
kileer7 10 months ago
@kileer7
Absolutely right. Unfortunately, those conveniences may be in jeopardy if it gets medeival here. That's my biggest fear. Nobody seems to understand that EVERYTHING is going to take a major hit since we didn't tighten our belts all along. We live in interesting times, and wil witness the collapse of the biggest ponzi scheme in human history!
dmger14 10 months ago
@dmger14 couldn't agree more. we should appreciate our artificially high standard of living for as long as it lasts. good luck to you and yours!
kileer7 10 months ago
38 billion ... just goes to show you the utter contempt those blue and red semi-sentient automaton have for Americans. its my opinion that we're finished as a nation, society, culture, etc. most sensible action for individuals are prepare(don't overestimate your survival skills no matter how experienced you are), get with your family, and appreciate the little things while they last
kileer7 10 months ago 6
Of all the things they could do an won't (like cut the corporate welfare and tax breaks, eliminate the tax breaks for the top 2%, reinstate the inheritance tax, end the wars, cut the military budget by an appreciable amount) they were only left with smoke and mirrors. It was that or nothing. So they made a big show for the ignorant public and then they come back and give you more of this "compromise" - which is another way of saying "you lose...again".
hac5x3 10 months ago 2
Just a ballpark guess, but if the feds cut their budget in proportion to what the states are having to do, it would be something like 250 billion.
33115566 10 months ago
The politicians will keep on promising something for nothing, and when the currency collapses they will blame it on too much freedom and lack of government.
XulChris 10 months ago
they don't want to raise taxes on the rich, they don't want to cut the military budget or foreign aid or god forbid the politicians cut thier own pay and pay for thier own benefits like the rest of us americans do. or actually make corporations pay taxes and cut corporate welfare we can't do any of these things but we can keep sucking the little guy dry and cut spending on services that is doing nothing to make a dent in the deficit or spending....
hellshade2 10 months ago
Increasing spending by a smaller amount is the new "cut spending"
Theman101289 10 months ago
Karl: Do you honestly believe that there was any "better" deal that could have been won by the GOP in the budget wrangling? For the balance of FY 2011, it was about as good as could be won, and had a number of riders which ALSO disabled ongoing funding for a number of programs which will account for further spending reductions down the line. The REAL fight begins with the debt ceiling, and the 2012 budget. Look for more "meaningful" numbers then. ='[.]'=
Raycheetah 10 months ago
@Raycheetah Shut it down. It was the right choice.
kdenninger 10 months ago
@Raycheetah there was a better deal... Let's have a real tax increase on capital gain and remove all unnecessary subsidies (oil, farming and weapon industry in particular)
Get out of allmost all foreign army base. That would be real spending cut.
Melpheos1er 10 months ago
@Raycheetah In all honesty do you really think we can ever have a balanced budget; If we stop spending we go into depression, tax revenues fall, we can no longer service our UNPAYABLE debt and we default on your obligations; the only alternative is to inflate the debts away. Either way, we are SCREWED. When Karl gestured that US Legal tender will be used a toilet paper it is very true indeed
misterman6000 10 months ago
We can't increase the value of the dollar by creating more dollars.
Thanks for the video Karl, I got my gold and silver early.
midwestcharm 10 months ago
Karl, I have heard some say that if the dollar breaks below 72, the reserve status will be in serious doubt. What are your thoughts?
SonofCastille 10 months ago
Mr Denninger,
What happened to your article titled "listen to the hucksters and loose your ass" about how gold and silver are a bad investment? Are you now endorsing gold and silver as a way to keep your purchasing power? I love reading your blog but that was the only article that ever confused me about you.
Thanks
PARADIGMSHIFT2009 10 months ago
I'm with you Karl. I am rip roaring peeved that we changed the power of the House and wea are about to sanction another trillion dollar plus deficit for 2012.
Am I ahead of the curve or missing something. The cost of goods is going through the roof or my money is losing value. Why am I the only one ready to choke someone?
blueridgemtns10 10 months ago
Nice Summary of the total fraud by those political prostitutes!
hendo19742 10 months ago
I agree with everything but calling the Tea Party a fraud. The budget cuts were indeed a joke in comparison to what we spend. I don't think we would have cut anything from the proposed spending without them. It is a start in my opinion, this debate and process will take time and effort. Obama is not serious about cutting anything, he wants more"stimulus". The Democrats call cutting anything murdering or starving someone. The debate is ridiculous but you have to start somewhere.
bertly71 10 months ago
@bertly71 cutting services for citizens is not the answer. everyone needs to be taxed properly the rich pay practically nothing in taxes these days neither do corporations here. and is'nt it funny how we need to cut domestic services for our citizens yet somehow we are able to find money to fund every war we have going and the next one that comes along? and give foreign aid to other countries? and give welfare to corporations that are making massive profits like the oil industry?
hellshade2 10 months ago
@hellshade2 I agree that everybody needs to pay their fair share of taxes. I agree that we are in way too many wars. I feel that our government is too big and intrusive and needs to shrink when the economy shrinks, not get bigger and put more of a tax burden on those of us who do pay taxes. Excessive taxation and regulation stifles job creation. There will be no recovery without private sector job creation.
bertly71 10 months ago
@bertly71 and yes most of the tea party are frauds. some of them may be serious about being fiscally responsible but much of the tea party was taken over by republicans and used as a tool...
hellshade2 10 months ago
@hellshade2 I beg to differ with you and Karl on that. The Tea Party that I know is full of fiscal conservatives and Libertarians. Both Ron and Rand Paul endorse the Tea Party platform of smaller government and I agree with them both. Some people claim the Tea Party mantel are only posers.
bertly71 10 months ago
This has got to be his best video thus far
dx11101 10 months ago
Wouldn't it be cool if you decided to run or be a running mate in some upcoming election?..................
dgmoocher 10 months ago
@dgmoocher
Yeah, try selling the gutting of Social Security, Medicare, Welfare, and the Pentagon to the government-dependent masses. IIRC, half the country now gets a check of some sort from the government.
fubecabr 10 months ago
While the Tea Party started out a great thing (Marched in one of the first ones - me, a Libertarian alongside my coworker, a Democrat) it has unfortunately been co-opted by the Republican Party. Who, BTW are half the people responsible for the mess we're in (the other half liberals). Both cow-tow to the globalists who've sold out the U.S. as part of their "one world government" scheme.
Rockerchic4God 10 months ago
Yay! Thanks for presenting this very serious observation in an entertaining and attention-getting way. Some of my friends who, like me, consider themselves political progressives, are bemoaning the "drastic" budgetary cuts. While I don't begrudge their sentiments regarding social values, I so far can't seem to make myself heard much about the 99% of the budget that isn't being touched. We need to focus on the big money buckets - including the military and Medicare.
Tigerpaws9097826 10 months ago
It's easier to store gold and silver, saves a lot of time. ;->
oraclenvec 10 months ago
I enjoy your videos. We have already gone over the cliff. As we begin to tumble as we strike the rocks on the way down I would really appreciate more information from you on what is waiting at the bottom. I'm a prepper, not a finance guy. I sub to some of the finance channels to try and keep a road map of where we are at economically. Any strategies you can offer us in the prepper world would be appreciated. I've got a year of food, lots of ammo, small amount of silver/gold.
cooperdisciple 10 months ago
The Tea Party is mostly concerned about the gay people livign in their neighborhoods, about the people smoking pot and whether or not Obama will take their guns.
In other words... they're just republicans.
AlcoholLevel 10 months ago
I love the numbers the global Gov's are claiming as cuts lol. POINTLESS.
WATCH THE RIGHT HAND while the Left is holding the cards.
GuildF40 10 months ago
Verisheri=Bibletard and Shill
overlogg 10 months ago
@overlogg ...if believing in the Bible makes me a "Bibletard", I will wear that proudly.
VeriSheri 10 months ago
I bought 4 truckloads of cotton..storing it has been a bit of a bitch...
I did buy corn as well...hope It won't go bad sitting for a couple years...
I will keep buying these things as I would HATE to have to buy gold or silver as REAL STORE OF VALUE.
overlogg 10 months ago 13
@overlogg you can store the corn in your barrels of oil ... ;->
jaba987 10 months ago
@overlogg If you knit the cotton into underware you can gain value added profit from the Fruits of your Labor.
I think there's some Knitting Videos on YouTube.
erod1944 10 months ago
@erod1944
I am just hedging...don't want to learn how to knit!
Gonna trade cotton balls for beans & rice and popcorn for real estate during hyper inflation....
duh!
overlogg 10 months ago
I like your videos and info, Karl, but its too late, its done, it was done before this. we are past the point of no return and those idiots don't give a sh#t about you or me or our kids or anyone.They are gonna run it into the ground. I guess most of them don't even care enough about their own children, grandchildren etc.Its all about them and their lobby campaign contributions.[pimps] If they had any brains, most would never have been in politics anyway.Its the way I see it.
bastardchildofmary 10 months ago
I Know! I'll become a pimp worker at Washington D.C.!!!!!
swizzlecheeks 10 months ago
Yeah, people refuse to see what the endgame is. To remind myself, I ordered a few 100 trillion dollar notes from Zimbabwe off of ebay. I'll put them on my wall to remind myself why I try not to have any cash, and stick to PMs for my "store of value" needs.
umdesch4 10 months ago
Those 20's would make nice wallpaper.
goedeck1 10 months ago
Great video Karl.
fal2grace 10 months ago
Guys, I like Rand Paul too but where has the rest of the Tea Party been with this stuff? A lot of the Tea Party has been hijacked by the Dick Armeys and Sarah Palins of the world (who, somehow, still has a lot of Republican support) or they are mostly clueless. Let's not even get into how most of the Tea Party people reauthorized sections of the Patriot Act. We need to cut almost 2 trillion in federal spending for a balanced budget, and most of the Tea Party is not pushing this.
WelfareRobot 10 months ago
That's about all the dollar is good for about now !!!!!
Parkway1432 10 months ago
@HyperBorealOperator - Israel will always be in control of the US gubbmint until the currency goes "kiputz"
magichandpuppet 10 months ago
How any of this is related to the tea party(hijacked or not) is beyond me. The leader of the senate tea party caucus propossed a $500b /year cuts + 5 yr balanced budget plan and somehow that went unnoticed to Kdennis. Me thinks Kdennis is trying to sound fair by bashing everybody, give credit where credit is due or you would start looking like a bitter fraud yourself
uche007us 10 months ago
no offence, but peter schiff does it better :P
4nd0mr 10 months ago 2
Yes, the Neocons may have taken over the TP.
AlberikAlf 10 months ago
@HyperBorealOperator ...how about our country's attempts to please GOD? Has that worn out it's allowance with you, too? Israel is the only democratic nation in that terror toilet of turd third world countries, and our only ally. Israel is also sitting on enough gas and oil to supply us if the Arabs cut us off. In addition, the Bible COMMANDS us to protect and honor Israel. I think I will listen to God and my common sense, not you.
VeriSheri 10 months ago
Comment removed
medini2 10 months ago
@medini2 ...the Bible clearly states that God will curse those that curse Israel, and bless those that bless Israel. I am listening to God's word, I don't care what some lady on YouTube says, and I care even less what you say.
VeriSheri 10 months ago
Comment removed
medini2 10 months ago
@medini2 ....thanks for the quote. "The Truth" refers to the Bible. "Fables" and "myths" are perpetrated by people like you that don't know what they are talking about. I listen to the Bible.
VeriSheri 10 months ago
@VeriSheri Well, you are following the Zionist bible and you are truly mistaken. You are brainwashed into believing what "THEY" tell you and you would die rather than looking at the bible on your own for the truth of the matter which is inbetween the lines and all thru out history if you had ears to hear and eyes to see. You are one of the minion. This is the saddest comment for the day coming from you. WAKE UP.
regardingme1 10 months ago
@regardingme1 ...who is "they"? Nobody is telling me anything, except God. I do not follow the "Zionist bible", I follow the Holy Bible. There is no mistake in that, and you are the one that better "wake up".
VeriSheri 10 months ago
@VeriSheri Stop using your minister's logic on me. I'm not the one. Go back to sleep, warmonger.
regardingme1 10 months ago
@regardingme1 ...p.s. You are yet another person attacking me who is not a Christian. FYI, Christ and Buddha is NOT the same thing as you say on your channel. You are a lost soul, trying to create your own "reality" and judgment is upon you. There is no "in between the lines". It seems that God keeps trying to get your attention, but you wont listen. Your choice.
VeriSheri 10 months ago
@VeriSheri
Fuck Israel. They're not our ally. Ever hear of Jonathan Pollard? The USS Liberty? Lavon Affair? Israel knew about 9/11 and did not warn us. Israel has almost zero oil and gas. They produce 4,000 barrels per day and import 250,000 per day.
fubecabr 10 months ago
too late to tell them to "cut it out"....they have cast the die...anyone who hasnt figured out our future by now is as doomed as the dollar
centervilletn 10 months ago
@HyperBorealOperator check out RedIndigoSilver 's vid called, "Israel on the Eve of Revolution"...she isn't a very nice person, but, sounds like the Israeli's aren't the ones getting the money.
medini2 10 months ago
@medini2 correction...SilverRedIndigo....
medini2 10 months ago
Bernanke announced that the QE2 program (also known as the purchase of U.S. Treasury bonds) will end on June 30th!!! Whoopi! But, didn't the CENTRAL BANK of JAPAN just print somewhere around 15Trillion yen? And, couldn't that yen w/ the "help" of the FED be LAUNDERED through the FOREX CURRENCY EXCHANGE & converted into USD's? This earthquake could have made Japan Bernake's giant ATM machine.
medini2 10 months ago
@medini2 Is that what you meant when you said they are "putting the money on their heads" and then putting it in
their back pocket?? If what I said above is what THEY HAVE ACTUALLY DONE...then, we've just had a QE 3,4,5,6,7,8 and 9...completion.
medini2 10 months ago
Comment removed
medini2 10 months ago
All except Ron and Rand Paul. They have done everything they could to get people to pay attention... but it was too late...
terr547 10 months ago
@terr547 That would be Rand Paul of The Tea Party, correct? Everyone around here must think he's a fraud too.
WesSeid 10 months ago 2
@UVpirate Partially hijacked, sure. And I wouldn't argue that the TP congressional candidates haven't been sub-par so far, but, at a more local level, I think the TP still helps. The WI collective bargaining fight looked less about public unions and Dems vs. Reps than it looked like public unions and Dems vs. the Tea Party imo. I mean, hijacked or not, what other group fights more for smaller government and accountability than the Tea Party? Someone answer so I can look into joining it.
WesSeid 10 months ago
BUY LEAD, its the real precious metal., specially when packaged correctly.
d3adp001 10 months ago
Picturing you clean your ass just made me throw-up. Thanks.
LeathermanFan2 10 months ago
Paul Ryan (R) has a plan to cut the deficit.
AcePilot101 10 months ago
@AcePilot101 Paul Ryan's plan got slammed by an author pointing out it would spend a higher % of GDP than was spent during Clinton's term. Meanwhile, Rand Paul has a budget plan out, too.
WesSeid 10 months ago
@AcePilot101 No he doesn't. The CBO says it would make it worse. I already destroyed that alleged "plan" in a previous Ticker.
kdenninger 10 months ago
@AcePilot101 ryans plan is little more than another paln of the republicans to take money from the poor and middle class and transfer it to the rich elites...
hellshade2 10 months ago
$38 billion in cuts is a drop in the bucket - but it was the first cut in a long time.
This was not a victory for Obama or the Democrats who had hoped to blame the Republicans for shutting down government.
And you know how people panic and stampede.
AcePilot101 10 months ago
Brilliant.. Perfectly spoken..
compman67 10 months ago
A friend of mine in the Marines got his paycheck & they only paid him 1/2 his normal pay AND told him there will be NO paycheck next month AT ALL.
We can't afford to pay our Military who put their lives on the line for us every day but we can afford to give Food Stamps, WellFare, Free Health Care, Low Interest Car & Home Loans to ILLEGAL IMMIGRANTS but in the meantime Real Americans Suffer.
OH, Let's not forget the HUNDREDS of BILLIONS of $ we Give Israel & they DON'T have to pay it back.
WulfBand 10 months ago
@WulfBand Why did he sign up you the gig in the first place the job? Maybe we shouldn't pay him at all to end the military-industrial complex.
pirucreek 10 months ago
I would like to see the tea party votes on the bill, but if they are 95% for more cuts, and voted no, how can they be considered part of the problem. Except that they didn't filibuster.
pirucreek 10 months ago
@WulfBand ...PLEASE lay off Israel. You must be a Christian, or you would not make such a statement.
VeriSheri 10 months ago
@VeriSheri - There are plenty of atheists who would like to see Israel getting no more stolen money. To hell with those genocidal maniacs.
magichandpuppet 10 months ago 12
@magichandpuppet ...I am not concerned with what the atheists think. I am concerned with what God thinks. If you want to curse Israel and say "to hell with them"....that is your choice. You are inviting God's curse. Not my words. That's exactly what it says in the Bible.
VeriSheri 10 months ago
@VeriSheri lol....i will tell you dude , if you stand with Israel , then you need to move there...Israel is the number 1 terrorist state and the only state or country to commit terrorist attacks on the united states of america. if you stand with Israel ..under us law and the bill of rights you are committing HIGH TREASON and you will be charged...this is coming from millions of patriots!!
DOCSAFETUBE 10 months ago
@DOCSAFETUBE ...I am not a "dude", and you are a radical nutcase, and obviously not a Christian. I think Homeland Security need to take a good look at YOU. I'll be reporting you tonight.
VeriSheri 10 months ago
@VeriSheri WOW ...so patriots like me who stand for the constitution and bill of rights are radical nuts ..so who is the brainwashed one...sure not me ...and for your info ...your the radical...b/c you stand with Zionism , that's right ..the Zionist Christians are so brain washed it's not even funny...you guys don't even know real history , and not even smart enough too even wake up!
DOCSAFETUBE 10 months ago
@VeriSheri - ooohhh... scary, you stupid jackass.
magichandpuppet 10 months ago
@DOCSAFETUBE
Good luck moving to Israel if you don't have Jewish DNA. The hypocritical zionists have seen to it that the US has open and unrestricted immigration while Israel has a very strict closed immigration policy. Of course this is because the Zionists wish to destroy the US and Europe and their native peoples with unrestricted turd world immigration.
fubecabr 10 months ago
@VeriSheri - Well, you just keep reading the bible and leave reality to the rest of us.
magichandpuppet 10 months ago
correction: must NOT be a Christian....
VeriSheri 10 months ago
@VeriSheri AND HELL YES IM NO DAME CHRISTIAN ..I woke up decades ago ..why would I be apart of Christianity that is based on mythology , fear , murder , and lies ...im so glad people are waking up too brainwashed religion!!
DOCSAFETUBE 10 months ago
@DOCSAFETUBE ...I can smell a nonbeliever a mile away, but thanks for admitting it. And if you were a true Patriot, you would believe in God, just as the founders of our country did.
VeriSheri 10 months ago
@VeriSheri
Apparently you really don't know anything about the founders. They were anything but religious zealots like yourself. They were mostly deists and agnostics. Thomas Jefferson was such a believer like you that he told believers to shut the fuck up basically in his letter about the separation of church.
fubecabr 10 months ago
@VeriSheri WOW GURL , this is what im talking bout..read your words again. a true patriot believes in god just like our founding fathers. OK , did I mention in my last comment that I don't believe in a god...NO! so your trying to switch up the convo , not going too work gurl.
1. I believe in a GOD ....but not RELIGION or any of the BIBLES !! ( Ive been awake for 25 years)
2. 3/4's of our founders did believe in a god , they were NOT Christians , they were deists!
DO YOUR RESEARCH!!
DOCSAFETUBE 10 months ago
@WulfBand It's so cute that you think "our" military puts their lives on the line for "us".
The invasion of Iraq was particularly abhorent; Saddam was your guy, he worked for the CIA before he ever came to power. The US supported him as a bulwark against Iran with loans, with military intelligence and expertice all through his worst attrocities. The deliberate US bombing of water treatment plants and sanctions onrebuilding and operating them and medicines caused half a million deaths.
soylentgreenb 10 months ago 2
@WulfBand All the things you mentioned together still don't equal the massive waste of money that is spent on War, which is "off budget".
The fact that the American public has sit by while the military gets paid crap and contractors get paid 4x as much. didn't hear anything about cutting Haliburton or KBR payments in this shutdown.
Btw, ask your Marine friend just how many of our military need food stamps to get by on what they are paid.
gmfutube 10 months ago
@gmfutube EXCELLENT Point, especially about Haliburton & KBR. I'll ask my friend and post his response.
WulfBand 10 months ago
noticed how right before Obama came into office the deficit sky rocketed?
conservatives are so hypocritical
arvoreen73 10 months ago
@arvoreen73
It's called 'covering up a depression'.
In many ways, there is little difference between the current boss and the old boss. They both worked for the same people and that ain't us.
GameHopping 10 months ago
@arvoreen73 Bush spent like a drunken sailor, but the economy was blowing the bubble. So the defict remained at 500 billion like the graph showed. Then the floor dropped out. And the deficit ballooned to 1.4 trillion. OK fine both spent. The question I ask what corrective actions have taken place since? Obama seems to want to inflate to bail out the banks. he wants to spend when there is no money to spend supporting really crazy stuff like homeowner bailouts.
pirucreek 10 months ago
@arvoreen73 First & last years of GWB were huge jumps
gmfutube 10 months ago
Right on the money as usual.
psxwarrior 10 months ago
Its going to be cheaper to wipe your ass with dollars than toilet paper in the near future.
chriswroads 10 months ago
Greece cannot Print. Not the same as US. Ask Portugal how well They are doing with 9% 2 year Bond and climbing. Hmmm... I wonder if the EU will print for them? Yea I think they will. This is not a one sided game children. The Recovery is a process not an Event!
CitizenNumber 10 months ago
Of course it's fraud the US is a fascist, financially, morally, and spiritually bankrupt, Middle east oil dependent, money printing, banana republic and the greatest military empire the world has ever known. That is all one has to understand. The whole global Central banker criminal controlled, debt based monetary system is one big ass scam and it's doing exactly what it was designed to do. This ain't frigging rocket since here. Next stop WWIII
UU361 10 months ago
I like american humor!
qminusis 10 months ago
If they had taken a dollar out of one pocket and put it into another pocket that would be better then what they are doing. To say that the right pocket had some dollars in it and the left pocket had none would imply that the right pocket would at some point run out of dollars to lend to the left pocket at some point. The truth is, that the right pocket has a printing press in it and a hole in the bottom through which can be fed as many blanks as it needs, to produce as many dollars as it wants.
62636263c 10 months ago
Excellent Video, Karl!
Now, what do we invest our savings & investment money in during this insane timeframe?
pitch46 10 months ago
@pitch46
Hi pitch46,
I know it's been said before, but why not physical gold and silver? Coins have the additional "numismatics" value. But stay away from the" Chinese Panda". I was looking at some vids that showed some of those coins with corrosion, when they are not supposed to. Anyway, there's also the gold and silver bullion. Just make sure you save some for your 6-month food reserve...
Agnostic72 10 months ago
Sir I thank you 5*****
TheFreedomWatch 10 months ago
liar liar
economy on fire...
chena3 10 months ago
So good to see you doing another commentary!
ForcedAgenda 10 months ago
How is the Tea Party a fraud when it's about the only group that tries to make a serious difference in spending and accountability? Boehner was having budget problems because (some of) the TP candidates were holding his feet to the fire. Not all the Tea Party candidates turned out to be champions of smaller government, but I think the Tea Party is at least pointed in the right direction. They sure lent their bodies and voices in the WI collective bargaining fight more than other groups did.
WesSeid 10 months ago
@WesSeid There is no "serious difference" being promoted and made. The claim is a fraud.
kdenninger 10 months ago 22
@kdenninger What about Rand Paul? He's talking about actually balancing the budget.
Dziaji 10 months ago
@Dziaji
Talk is cheap. Where's Rand Paul's actions? Why didn't he fillabuster the bill? Has a single bankster been arrested, tried, convicted, and hanged yet?
fubecabr 10 months ago
@WesSeid If it really was a tea party they wouldve completely shut down the government and not agreed to raise the debt limit.
this fucking country is out of control.
yabcoder 10 months ago
@WesSeid Obviously if they bought the line of BS about collective bargaining rights they aren't too bright.
That was not a budgetary move, but one against the middle class. Just keep supporting the tearing down of your neighbors while ignoring the corporate pigs at the federal trough.
gmfutube 10 months ago
@gmfutube The move was in favor of the middle class who pay Milwaukee teachers an average of $100k in compensation for 9 months of subpar work. Even FDR was against public union collective bargaining. Public unions feeding at the federal trough is a big reason why state budgets have been brought to their knees. Note: there is a difference between private unions and public unions. This was about public unions.
WesSeid 10 months ago 2
@WesSeid DUDE , wake up , omg ...the tea party has been hi-jacked just like the truth movement..who do you think it was? let's see if you know !!
DOCSAFETUBE 10 months ago
@WesSeid I would say that the Tea Party Cadidates are likened to a freshman in high school. They have a positive outlook, they are excited, and ready to see some progress. Unfortunately they only get congress. And the good ol' fashioned beat down. Not to mention the freshman who are buddies with the seniors helping to make problems worse. Boehner, Reid, Pelosi, ect. are the seniors. Now we've got seniors jumping the Tea Party band wagon and the infiltration has already taken place.
Pepsifx357 10 months ago
@Pepsifx357 Thats a pretty practical way of looking at it. cool!
bastardchildofmary 10 months ago
@WesSeid When someone like dead eyes Bachman and brain Palin are allowed to align themselves with the tea party, you know thye're fraud.
It was a good movement in the early days with Ron Paul...
GtheMVP 10 months ago 2
Someone used the term 'Gold bug'?
.
Hmmmm... you don't need to be a gold bug to be smart enough to understand they are better place to park excess savings rather than parking it in the mo-fk'n bank. And, of course, we will declare the "gains" on that PM when we sell.
Thanks again, Karl. Time to continue loading up on PMs.
tyronebiggums3 10 months ago
I like it when you talk dirty Karl. On the point as usual.
dgmoocher 10 months ago
"join us," gold bugs.
FreedomAtRisk 10 months ago
How much do the primary dealers make holding treasuries for 2 weeks?
puapake 10 months ago
Journey of a thousand miles begins with one step. Great achievements are nothing more than a series of smaller achievements. Let us see how they do for the rest of the year.
suzettespencer 10 months ago
There will never be political will to make any real cuts or reform. Hyperinflation is our destiny.
helpendthefed 10 months ago
intrest = buy a pie and pay back a pie and a slice.. the extra slice you pay back is the interest on the original pie.. you need to buy a 2nd pie in order to take a slice out to pay the intrest on the first pie.. that gets you to owing 2 pies and 2 slices.. where does it end..? intrest is a fiction made up by the richmen of the world to show their power over us "little People.." no..?
Dewdaahman 10 months ago
Thanks for the info. I get it
BITARTEN2 10 months ago
LOL .. well said .
BTW ... don't throw that "used" Dollar-Paper away...
... make sure CONgress gets it served up for lunch after the (USD) crash.
StandUp555 10 months ago
Saying it how it is, as usual. Thanks Karl
scullygomez 10 months ago
yup , just a dog & pony show if i ever seen one
MrArizonaGuy 10 months ago
Good Post Karl.Thanks
prudentinvstr 10 months ago
Drunken sailor, good one.
BLynchCAN 10 months ago