Ivan Canas: As predicted the US is bankrupt. What to do now? Please important to read the 'more info' section where the problem is explained. George W.Bush will be remembered as the one who Destroyed the US leadership.

[GameOver1260]

So, the Russians are going to take issue with the Roman Catholic Church, and not all of those devout Catholic boys controlling all the information.

[FoxFleet]

Ivan had a blinding flash of the obvious...we've been banckrupt since the 40s and likely a little before.

[AirsoftDMRM16]

You all are gay. just wait for the war to come

[FoxFleet]

Which one?

[FoxFleet]

BTW, quick economic review: Africa, as a continent, broke. EU, depressed and recessed. RU, recovering from third bankruptcy. Japan, recovering from bancruptcy. Mexicon recovering from bancruptcy. South America...bancrupt, depressed, recovering... Canada...depressed. China...inflation hell. Pacific rim, banckrupt to recessive... Its a global thing.

[theshadowbehindme]

yes its global becaus all those countries lend money to your country and banks. The house market collapsed and becaus of that the stocks of the banks collapsed. Many banks here in europe invested in banks of the usa

[FoxFleet]

Such as the US monies for foriegn aid? Such as the US monies for food and med relief? Such as WB bailing out Taiwan, Philipines, SKorea, Mexico, Peru, Panama, Isreal, Jordon, Poland, Germany....dude... Really... Do a search for class one civilizations...and then think again on global steps towards a class one economy. Bush, clinton, obama...are just presidents.

[x11115]

China and Australia at least have zero deficits. Our government just spends and spends. Pretty soon nothing is left. Just google the deficit clock. All that is paid on the deficit is interest. Economic catastrophe is just around corner. this year, next year a decade I don't know but the situation is dire.

[FoxFleet]

Uhmmm, that might be true if you totally disregard all the war debts they never paid us. Or it might be true if you totally ignore all the paper they defaulted on...other than that they are the world's leader in pirating software, pirating patented products and hiding behind their wall. Yeah, right 0.00 deficieft.

Next you'll try to tell me their healthcare is working! ( g )

[FoxFleet]

Well, a new world order...requires a new world economics.

i.e. a class 1 economy.

[kmarinas86]

To keep income propped up, sales have to be maintained, but so must spending. What we need to do is avoid borrowing while maintaining our spending, yet that is very hard to do! The first key is to use credit as a last resort, but in practice, that requires more income! Therefore, more effort is needed in replacing the entire tax code with one where payrolls (our geese) and dividends (our golden eggs) are tax-*deductible* from a sufficiently large tax base in excess of GDP.

[FoxFleet]

DEBT based economies are doomed to failure.

BTW, who took us off the gold standard?

Same guy who invented the IRS and taxes?

Hmmm?

[kmarinas86]

Debt is a tool used to ration money creation.

Evidently it has failed in one sense: Big government spending.

If the price of issuing money is not monetary, then some other form of money rationing must be proposed, lest we can accept hyperinflation.

Debt IS the result when the price of issuing money is money itself. So what is the alternative?

[465402]

im bored on cam

anyone want to chat qg

[rock8994]

crops failed because of a flood moron

[jdogg03infinite]

The converts as they say were probably propaganda tools used to lead us into believing that anyone could be a terrorist. White, Black, Mexican, or even Eskimo if need be. Talk about chaos. I don't think many people outside of here know whats going on. People hear the conspiracy theories and can't quite grasp it. It's not a theory anymore and you guys know it. I know it. It comes down to ignorance. It's just outright damn ignorance on the part of the day to day American society.

[FoxFleet]

...have you ever been outside of the US?

[BigSkills01]

cmon Jesus.

[antinorest]

Blownup you must be an idiot to say such a thing. Haven`t you noticed that the USA isn`t a superpower anymore? Ah? That the new world order proclaimed by George Bush father has collapsed? That countries like Russia, China, Venezuela defy the USA constantly without any fear? Wake up boy, you have no money or allies to engage in a war.

[forfaksake]

antinorest, imo u just totally PWND blownup lol

But seriously, ur right.

[JukemDrawles89]

really dumb fuck? what about NATO

[FoxFleet]

...the guys who aren't allowed in almost any African nation anymore? Or the other blue beenies that sell cookies?

I get them confused so much anymore....

( g )

[FoxFleet]

...is that what we're doing in Irag and asscrackistahn...?

...sorry...I must have nodded off for a moment. Your fantasy was just soooo boring....

BTW, who is in Irag with us? How about asscrackistahn? Or Pakistan?

Really, folks, its not that hard to figure out.

[blownup]

we will never go broke, we will take and steal and go to war to get money what ever it takes to survive

[bubbubeta]

Really? Bring it on! The world is more than happy to start killing you. By the way, do you have enough money to fuel those jets or you'll have to borrow it from China or Russia?

Or Europe? YOU DUMB BROKE IDIOTS!

HAHAHAHAHAAAAAHAHHAHAAAA

FUCK USA!

[robroy131]

Dude it aint the american peoples fault they have been brainwashed to fuck and messed with so much. Im not american but i used to think the same until i decided to do the research.

[NEMESIS1999]

You arent very smart are you.

[CrossHeart79]

Americas debt is the same amount as their amount of dollars, every dollar made comes with debt, to go to war, you need money, since the usd has no real value it could simply be made out of thin air, that amount made will come with debt, to pay of that debt you will need more usd and its a never ending cycle

thus making your war theory seem stupid

[FoxFleet]

Might wanna check that out another few times.

[newgtguy]

The United States has been bankrupt since 1933. This is why the Emergency Banking Act was passed.

All we are seeing today is a pump and dump of our economy. Just another cog in the wheel rolling towards one world government.

[FoxFleet]

Yes. Geeeesh, I was afraid no one else would say it. We've been on this agenda for a very long time!

[BrainChild666]

What about the PENSION ANNUITIES FUND Re-named the TAX RELIEF FUND.

CAFR vs. General Fund. Only 1% of the revenues collected through taxes gets to the General

Fund. California made 16 Trillion in 2006..I added up parking tickets,dog licensing

fees,permits,registration,cert­ifications,property tax,bed tax...

and the budget for California in 2006..

131 billion less than 1% of all the taxes collected.

They are Scamming Us.Down with the BANKS!!

[FoxFleet]

Good. Now say it! Who is scamming us?

[troyboy11111]

luv the video man god bless america and godbless those who take are country back we still have a chance its now or never in the comming months

[k3394284]

it is a gigantic spiral

[centervilletn]

great vid btw

[ivancanas63]

I agree, the governments are going to try to transmit confidence to the public. But to those who know that the federal reserve charges interest rates for that money. There is no way they can pay back this. It is a gigantic spiral.

[centervilletn]

people are assuming that they are really 'bailing out' anyone...putting electronic zeros on the balance sheets of defunct banks isnt the same as "liquifying" them...in the words of Hamlet...its just "words, words, words" its meaningless the financial sector has collapsed...just buying time for wallstreet bankers to loot whats left...ethermoney isnt real money...and who has seen the 180bill dollars these foriegn banks infused our system with?..its not real either...

[FoxFleet]

....just wait til you see G22. Thats even more alarming!

[rev12a]

If criminal trials are held, and people/corporations found guilty, Confiscate their assets, liquid and fixed (as profit gained illegaly) and give it back to the treasury and the american people.

Too many private companies profit from wars.

The entire US defense force (except for personell) are privately owned companies.

Is it in their best interest to withdraw from a good profit(war)