Something scary

[AnonSubHuman]

If only the US Government could bail itself out of debt like it did to the financial sector!

[batfly]

Everybody likes to quote the amount of debt... almost 14 trillion dollars... But nobody ever talks bout who we owe this money to.

How many countries / institutions / people do we ultimately owe this money to?

Wouldn't it be easier to just declare national bankruptcy and then say Fuck you to the ones stupid enough to lend us this money?

[FearsEdge]

@batfly

Yea, because that's what responsible people do with their debts. We tell the creditors to fuck off.

[batfly]

@FearsEdge

Who are the creditors? where did they get the 14 trillion dollars to begin with...

If you can answer these questions correctly ... You will want an upgrade from just saying Fuck Off.

[FearsEdge]

@batfly

I could go into who the creditors are, but the important thing is that they are people who were promised a repayment.

[batfly]

@FearsEdge

The creditors (Federal Reserve) magically created the 14 trillion out of thin air... Then they told the US government / the American tax payer you owe us... with interest.... That is how money gets into circulation... It is created by creating debt.

Money is an illusion... and graduated taxes and regulations and religion and fluoridated water and class warfare and world wars... they are all controls... to make you and me into cattle.

[FearsEdge]

@batfly

You are preaching to the quire, I am an anti-statist. But you have it wrong. The fed sells the bonds that are used to deficit finance. They are not the creditors. The bond holders are.

[batfly]

@FearsEdge

Slight of hand magic

[batfly]

@batfly sleight

[FearsEdge]

@batfly

Now, SOME of the bonds are then bought by the federal reserve and are held as assets. But we have foreign creditors, as well as a great many domestic, private ones.

[amishnation]

@FearsEdge Preaching to the choir.

[8XanarchistX8]

dude......need to do another blog tv show soon

[b3rtne]

@8XanarchistX8

Yeah, no shit. Every sunday feels so empty now.

[freethinker3161]

that was sweet and sad all at the same time.

[crazypants88]

Great to see you making videos again!

[dannypantsgm]

The edge of fear with a Halloween story to send chills up the spine. Nice to see you again bud!

[Akatam0t0ma]

@dannypantsgm:

Hey Danny Pants buddy, wanna join me in giving our old friend FearsEdge a big hug? ;-)

[Akatam0t0ma]

FEARSEDGE! OH FEARSEDGE! Oh so fucking wonderful to see you make a video after such a long time! YAYYAYAYAYAYAYAY! :-D

*strongly hugs FearsEdge*

Hope you had a Happy Halloween!

While this story is indeed troublesome and worriesome,I'm not scared of it that much, because I believe(And hope) that once the whole fiasco crumbles under its own weight,people will wise and and realize that welfare statism simply DOESN'T WORK and then we'll FINALLY have freedom.

So cheer up there,FearsEdge buddy! ;-)

[StopFear]

Yea, America is screwed. The only way to overcome is to get ready to be poor, don't get used to things like supermarkets full of cheap food. Start eating rice and pasta

[Akatam0t0ma]

@StopFear:

"Start eating rice and pasta"

Well, I'm not an American, but as a poor uni student who lives on a handful of dollars a month from my parents, that's pretty much what I eat every day nowadays. But perhaps that would be better off for Americans, many of whom urgently need to lose some weight(Yeah, including you FearsEdge buddy, it seems to me. No offense meant ;-) ).

[DLandonCole]

The problem exists, I think, in most of the industrial democracies.

[Akatam0t0ma]

@DLandonCole:

Which is precisely why the idea of the welfare state is bound to meet its doom in the near future, thank the non-existent gods.

[RoundSquareX]

And insane Republicans want to cut the governments revenue and expect the debt to magically disappear and insane Republican supporters think the Republicans are talking to them when they say they want to give you a tax break. Republicans expect the working and middle class to pay all the taxes, while fat cats in 18,000 sq ft homes get tax breaks.

[Uhmu45]

cut spending and add taxes, thats what the rest of the world did. Pay the debt in 10 years and the lower the taxes or spend it on r&d or education

[FearsEdge]

@Uhmu45

The rest of the world, the western world at least, is swimming in debt also. This is a world problem.

[Uhmu45]

@FearsEdge

The us needs a tax on consumption, that would help lower the consuption driven growth, force business to export more and make ppl buy less things that they dont need

[FearsEdge]

@Uhmu45

The U.S. and the rest of the world should have NO taxes, but that's a whole other topic.

[NermalsChannel]

And then the worst part of all, the FED printed more money!

[RoundSquareX]

@NermalsChannel That is because all the wealth is concentrated into a very small section of the economy, and that money is not being moved. You want an American economy to boom, the money needs to CIRCULATE, not sit in one place.

[Ilikenuman]

@RoundSquareX

another way to boost circulation is to smash all of the windows in every shop in the country. thatll get money flowing towards the glassiers.

[NermalsChannel]

@RoundSquareX

Inflating the money supply isn't going to help regular people. It'll make it worse for them. If the money did flow to them (very little to non-does in any reasonable time) pries will have already inflated, so the money is worth less, and so are any savings they may have had.

Even if it were an effective method to get money moving, it does not mean that it will be spent in a way that's economically good.

[RoundSquareX]

@NermalsChannel Than maybe the banks should get a clue, and start lending the money. Maybe corporations should get a clue and stop wasting all the money on lobbyist and advertisement and start using the money to produce something that is useful in this economy. Maybe people should actually produce something rather than making artificial money by buying and selling homes for a living, well back before the bubble busted. It is much better to let war zones form from there being no money.

[NermalsChannel]

@RoundSquareX

Regulation and taxes in the U.S. has been pushing business to other countries for a long time now.

With the way the U.S. federal gov. is running things, I wouldn't be surprised if this depression goes on for several more years.

Government intervention is fucking things up for the U.S.

[RoundSquareX]

@NermalsChannel Business ships jobs overseas because they don't have to pay their employees there a decent wage, we have a higher standard of living in the U.S., but maybe not for long. And there is no regulation to keep these business's from shipping over seas. Corporations are running things, that is why we need more progressives. Government de-regulation is fucking things up. If we didn't have government intervention we would still have slavery.

[lolingattheism]

Solution: cut taxes ;)

[FearsEdge]

@lolingattheism

Tax cuts are an illusion. Cutting spending in the key.

[jwhyte67]

@FearsEdge Bloated millitary budget is a start.