no my friends. that's not the way it is. the video doesn't show where the rest of wealth is. Corporations and banks show that they have debt as s business, but their shareholders and investers have huge profits and more wealth than unfortunatelly we can imagine. So what do we do? We deny the goverment debt, we take over the banks, the corporations and their profits.We give no compensation of course to all the golden boys and girls and we get a life. ; )
America borrows money from another country by selling them Bonds. The other country cashes in the Bonds many years later for more money, which is then used to buy more US Bonds. It's a vicious cycle that never ends, therefore keeping the economy balanced. Nothing to worry about.
Imagine a country that employed 10 million people to build thousands of buildings...for government. I know, I know...it's hard to see such a thing, but stick with me. Once these buildings are done, and manned, and they "serve" the public with their much wanted products (tickets, fee billing, rule making, record keeping, etc) what have you left your children?
ANSWER: A police state. A global bully. A place where everything costs too much, so we can all stay afloat, paddling fast.
The banking system has not failed - it is fulfulling its PRIMARY purpose which is to profit the bankers. It's secondary use, as a system of exchange, is failing and can only ever fail - this is because there is never enough money to cover principle and interest.
so good until you went along with the deception that the "inflation" is going to government or households or domestic producers to pay their debts. The QE and bailout goes to the financial sector NOT as debt payment by any of these sectors -- but a money to buy up foreclosed businesses and home units, the proceeds going to receivership. The domestic economy (non-financial sectors, non-foreign trade) is plunged into deeper DEFLATION. yet everything else you explain beautifully
The financial system we have began in 1913 with the Federal Reserve Act, with the blessings of the two party system. Most of the countries prosperity came before this time.If your happy to live in servitude to the 1% rich, then vote for Obama or another puppet. If you want to return to real prosperity then vote for Ron Paul, only he wants to dismantle the current system, and stop the wars.
0:13 This is where the things go wrong. I mean nobody needs a degree in economics to understand that if you expend more than your income you can't last forever. Borrowing money is just delaying the problem.
The main question that has to be addressed is: Why are the expenses above income?
Probably Uncle Sam has to:
1.Reduce expenses by giving up of his wealthy way of life.
2.Increase income by working harder to produce more.
@jotidusa An economy is only as valuable as its factor endowments. You cannot expect to automatically increase national income simply by working harder when a country's GDP is completely reliant on its comparative advantage (see (Heckscher-Ohlin economic theory). Excess govt. spending has to STOP. Also, the reason UncleSam has a "wealthy way of life" is because he(taxpayers) fund social programs. Those on unnecessary social programs do not contribute to taxes or to GDP production.
@lordrazi111693 This video is simplistic. Most debt incurred by the U.S. has not been t incurred by way of government- to-government borrowing but instead through sovereign spending which in the case of the U.S. translates into sovereign debt. These are loans from private financial institutions who loan to other countries on the basis of profit. Private financial institutions are backed by individual share holders. Loan forgiveness is not an option when the monies owed are owned by individuals.
Watch my powerpoint presentation here on youtube about the causes of financial problems and the greatest solution for the crisis being my innovation for the money system. This innovation is explained a bit more in my book about same subjects on amazon
"If banks can't pay their bills (...) you won't even be able to withdraw your savings."
This must be staggering information to anyone who believes that the deposits in their bank account is their money. It's not. The number in your bank account merely shows how much money the bank owes you. If banks go bankrupt due to declining markets such as real estate, they cannot pay you what they owe you. The money, you were always taught were yours, disappears.
A part of the video is slightly incorrect. "Governments, banks and cooperations don't actually have much money. Mostly, all they have is debt to one another."
That is not true. ALL they have is debt to banks. The banks have plenty of money, they are the ones earning from the interest on the loans they create from nothing (it's not just the Federal Reserve, it's all commercial banks.)
If only farmers wouldn't have been screwed worldwide we'd at least have enough food to survive in the crisis, but as it is the "illuminati" who have hoarder everything in safe bunkers and the like will be happily watching their depopulation plans go into full gears. Enjoy.
Well there is only one direction to go now, we are nearing the bottom of the funnel. I think the problem will solve itself after the whole collapse thingy. It won't be easy.
And when they say 2012 is the end of earth is really the dollars that USA printed 140,0000trillion that owes, let's see what will follow this egoney and misrable time?
WAR, why? because people are out of jobs and there will be revolution as is starting now in many citys and many inocent will die, rich will run, as they have made palaces under ground 14 floor down, they will die underground and we up here, the world will become half or lessssssssssssssss. CHANGE YOUR DOLLARS for now.
@FictionBot Bush added the medicare drug plan. Projected to cost us 8 TRILLION DOLLARS. Also we have a wave of babyboomers are retiring now and will accelerate this.
hell i think this is all planed out . so the worled goes broke is not our fault the goverment goes crazy spending our tax money on bull cheat we dont even know about so pay the goverment employes less like we are geting payed the planet goverments are shisty dont see why they got to be like that were geting fucket so you know it good by ss , medical and everthing else
A big start to help get this country out of this mess is to finally start drilling for oil in our own country! Not only will it create jobs, it will bring in more tax revenue for the government and gas will be cheaper which will put more money in peoples pockets!
@bworden03 If they don't a lot's of inosent people will die in war. basically i think it was all planned. just like having a black president, obama, which I love ( nothing against black or any othe nationality ), but first they made all these heroism films about blacks. And now all these films about 2012 end of the world? This is brain wash! DO THEY THINK WE ARE STUPID? YEEEEEEEEES
@DonCorleoneQ8 : Actually, there are several cultures who do that. Russia, an non-Islamic economy is an example, with a 13% flat tax which seems quite fair.
Just a thought: End the Bush tax cuts, close the gap... keep the money flowing from the stingy upper 20% that aren't creating jobs.
Interesting fact that NO tea party or republican wants to admit: the greatest expansion of the US economy came at a time where the upper 20% of earners paid almost 75% in taxes on their gains, and they managed to pay back all deficits and almost all debt in under 20 years, and everyone made out like bandits!
Hey! I just uploaded an Spanish subtitled version of this video. I hope its OK, I put a link to the original one. I just wanted to spread the knowledge, this video is very educational. Thanks for making it!
Thank you so much! Wish all of the worl would know about this. Sometimes when I hear people talking about lady gaga, big brother or like about how much they want a new iphone I think about al the knowledge that really matters.
Someday this will effect all of us. And I will be the one knowing whats happend while they will still be wondering why the fuck hamburgers on MCDonland keep running out and shit. Fucking mega lol. Hunamity sucks.
There is no gold and silver.. It will never be logic to use it again because the world is not living in the past. With that little money you get like 2 gold rings.. I think we need to use barter instead. And America will not be that superpower. China or Russia will become superpower. Communism wins against Capitalism. End of the monopoly game. New game or End of the world.
There is no gold and silver.. It will never be logic to use it again because the world is not living in the past. With that little money you get like 2 gold rings.. I think we need to use barter instead. And America will not be that superpower. China or Russia will become superpower. Communism wins against Capitalism. End of the monopoly game. New game or End of the world.
Everybody needs to accept that debt will never be payd. But China will not accept this. What means that China will have a piece of America's ground. If America doesn't accept that it means WAR which the Chinese will win. Eventually China has more chance because of their money. The problem is that America will go nuclear. What means Russia will attack at the same time to become the superpower. America will lose. Riots all over the world. Money is like Air. We will use barter to exchange. Islam
Your problem is the Rothschild their coming after your country ,research Rothschild youtube. 99% of people do not know they exist the jewish money lenders are the worlds problem they are undermining countries economies,and earning interest on loans to waring countries.They do not give a damm for anyone except the family bisiness,they own 3/4 of the worlds assets,THEY WANT AMERICA IN THEIR CONTROL and that day is near approaching
debatewithstupid has it right. if you don't build or produce anything you have nothing. Debt is not currency and in reality has no value except to those that deem it valuable IE banks. A default will be a Good and Bad thing, because it will force a fix to a broken system. That bad thing is that those people who live the high life because they own debt will no longer have power or money, and for them they want to see the system continue because it keeps them in power.
Throughout history the strongest countries and economy's were based on exports and industry not on markets and lending. You will never have a strong economy based on lending, foreign markets, and no industry. You will also not have any jobs and that is defiantly Stagflation. The economy continues to implode over and over.
The federal reserve was created by borrowing after the civil war. Some wanted to borrow from France some from England. Dumdascraps and Republicants were born. Obamanomics just delivered a 30 to 40% increase in prices across the board on everything from food to materials. We are now in a GLOBAL recession and the Gov says we will experience a 10% inflation. That will be on TOP of the 40% devalued dollar Obama already made.
If your going to make an educational video please use the right terms and correct usage.
1. Prices going up is not inflation. Increased money supply IS inflation, higher prices are just the result of inflation. <-- this is an important distinction.
2. Cutting govt spending is not the "cause" of a recession, nor will it "make it worse". workers who are let go by the govt will find more productive (and lower paying) jobs in the private sector, thus improving the overall economy.
@AtlasHBS tell me you're joking ?! 1. what you're accusing him of "not" saying about inflation, is exactly what he "did" say!! maybe you should watch the vid again and this time pay attention. (it starts at about 1:45)
2. he never said that cutting spending did, or ever will create a resession!
3. it makes no fuckin sence to say that, someone making less money as they did before (working for the gov), therfore paying less taxes, spending less themselves, ect will improve the overall economy!
At 1:20 he states that cutting spending will hurt the economy. again at 3:20 he repeats that falicy claiming cuts in spending would "make the recession worse"
Govt work isn't actually real work. How many tons of coal does a govt worker pull out of the ground? How many cars does a govt worker make? NONE. every worker that isn't in the private sector is a WASTE of work. even if the worker makes less for himself, it is better for him to work in the private sector.
@AtlasHBS you're joking again right! i was in the military for over 15 years. so are you saying that we're not "real" workers,.. hard workers!? fire-fighters, police officers, teachers ect, .... not real workers??! i switched from "helmets to hardhats" and i am now a construction worker for the past 6 years. and the biggest jobs (schools, hospitals, power plants, gov. buildings, ect.) that employ hundreds of people from all building trades, ... are funded by the government!
@negotiator84 Actually, cutting government spending DOES cause the economy to contract. This is not my opinion, it is historical fact. When the government stops spending money, people lose their jobs. That's why "austerity measures" made the Great Depression far worse in the USA, and are making things far worse in Greece, Spain, et al. today.
@paladex77 i agree! the previous administrations have gotten us into such a huge mess, that i don't believe that there is a way around of, cutting spending and raising taxes ( on everybody...for now)! we just raised the debt ceiling again and next year we will have to do it again and the following year again and again and again....!! i see inflation going up another 10- 20% and we're not doing anything about it! so far, (almost) no regulations, no taxing the rich, and still nobody in jail!!!
it is high time people of USA discard this myth of free market + support their govt. for taxing the rich & USE that money for Govt. run enterprises. Trust me - Govt. works & way better than corrupt corporations. Let Govt. run everything for some time.
US can't pay it's debt? 2/3 of that debt are in American people's portfolio as gov't securities... The globe uses our funny money and they give us cars/Barbie dolls/ipods in return? If we can poof money out of nowhere how are we in danger of bankruptcy? So my eggs will cost $5 instead of $3 to pay off China.
Uncle Sam can go fk himself. People, wake up. This economic system is ridiculous!!!!! Corporations are trying to scare the sht out of all. Let them pay their mistakes and see what does uncle Sam do with that.
@AyyMcIntosh Haha, if only it were that easy. Living in a world full of greedy governments/countries, it's hard to find someone who's willing to forget all debt that another country owes them. Especially if it's over a trillion dollars.
Just one thing I would dispute. Corporations and banks are sitting on wads of cash right now in anticipation of this great economic worldwide collapse. For example it is known that Apple has almost 80 billion in cash reserves.
I think the only way to slove this problem is to get all the nations and investors to meet and make an agreement to write off 50%+ of their debt owed to each other. The only country thats still in credit is China at the moment, if all other countries, banks, investors write off more than half the money they owe to each other we could buy more time to sort things out - the only investors who would loose out would be the super rich. Im no economist but could that work?
Very short and to the point, but, what the point if there is no solution! Any solution is going to be painful to someone and more than one country. And by the way, no one is "entitled to something unless they have worked for it or payed for it. Why is there always talk of cutting medicare? Everyone who put in money for medicare deserves their medicare money. Can't same the same for medicaid though. He who doesn't work does not deserve a entitlement. If you spend it all and don't save, U get $0.
Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are seeking the truth, search "Truth Contest" in Google, then open The Present on the homepage and read what it says.
i would like to know if this model can be applied to the past... ex. pick certain time period ... put in what actually happened into results of game and see if results are same.
It looks bad. Borrowing is not a good option. If we get serious about fixing this, we will have to go through a worse recession for a while. We will have to make decisions less about how it affects me but how it affects us. I can write alot on this subject but it only allows so many words.
This was great, This really breaks down a quite complicated issue, but the solution is simple. We need to cut spending on silly things such as the IRS and do more with less money.
The solution is simple: impose a larger tariff on imports. In the long run, after prices jump in cost initially, more things will be made in our country which will create jobs. The money from these jobs will be spent in the community on other products made in this country. This, in turn, creates more jobs. It's a cycle--an economic ecosystem. We will grow and prosper. Our tax revenue will go up from the tariffs and the rapidly growing economy.
@rajmohanparayil Here is what I think of that: The U.S. imports $500,000,000,000 USD per year ($500 billion) more than it exports every year. The differences in purchasing power of the currencies is what causes this.
Additionally, many countries like India already have high tariffs on imports: business-standard(DOT)com/india/news/indias-high-tariffs-impedes-agri-importsus/80596/on
Nice video! Simple and to the point! I agree that it is too late, and it is now time to prepare. Check out "Obama's Utopia" on my icesaint2011 channel to see how to prepare.
To put this in the simplest terms. We are FUCKED! The longer the Republocrats and Demopublicans put off the inevitable, the more fucked we are. It's too late! Bush turned the economy into a runaway train and Obama just kept shoveling in more coal. By the time the debt hit $10 trillion, we had reached the point of no return. Neither of the two parties (really is just one two headed monster) want a solution, they are the problem. So what did we do? We kept voting for more of the same!
@XtremePacifist A fairly large number of people were refusing to share the video because of the comment about corporate tax rates. The original version is still up, so I haven't "censored" myself, but since the corporate tax issue is tangential to the main point of the video, I made this revised version, in the hopes that it would be shared more widely.
@paladex77 tangential? ffs, that might be the most important bit of information of everything you've said there. Either way, very good job. Thank you. (BTW, as you might have noticed, there's a *copy* of this video on youtube that has 250k views as of now.)
@XtremePacifist corporations don't pay taxes EVER. Consumers do. ALL overhead that corps pay is in the prices WE PAY for goods and services. It's "natural law" of economics. Think about it.
A temporary solution that will really help buy us some time, before making major changes to our system, is to stop extending all the tax breaks for the super rich. If we could just get the top 2% to simply pay their fair share in taxes (money they are just sitting on and not using to create jobs, according to recent reviews) we could see fast improvements. I also agree with immortalium that we have got to stop outsourcing jobs.
@ld1200 I never even implied those who work hard should give their money to those who don't. However, I do believe there are times when this becomes necessary, because it helps the overall human family. What affects one affects all others. I believe most people work very hard most of the time, whether they get paid for it or not. Ironically, it's the lower class that usually works the hardest, yet get paid the least.
@ld1200 When I said the top 2% should "pay their fair share," it automatically means in comparison to the other 98% who usually do pay their fair share, according to statistical data and this video. Current evidence shows that the top 2% are finding many ways not to pay the taxes they are suppose to be paying. In other words, I believe everyone should pay their fair share. I hope you do as well.
@ld1200 I also hope you don't actually believe the top 2% are just so hard working and so clever that they deserve almost half of America's wealth. Doesn't that distribution ratio seem at least a little suspicious to you? Recent reviews also show that the top 2% are basically just sitting on all their wealth and not using it to create more jobs. They often do this, historically. They are obviously receiving way more than they will ever need and more than they have truly earned.
@GuyusSeralius "obviously receiving way more than they will ever need"
It pays to keep a leash on the green-eyed monster. Now about that "fair" thing. I agree whole-heartedly, but just what is a fair amount to pay for something you don't want, and don't get? Maybe it's just me, but the number zero comes to mind.
Should you choose to disagree, I'll be happy to sell my car to my brother and send you the bill.
@jeffiek A fair amount is at least the same percentage the middle class pays. What you do get for your money and what you should want is real insurance for every deserving citizen, community creation and maintenance, and an overall better, more functional society. And please don't just send the bill to me, but to all mindful citizens with a heart, who realize we are all part of the same team whether we like it or not, as long as your brother is truly in need.
@jeffiek Respectfully, it's quite the contrary. You are still not seeing the bigger picture. It's not about owing anything to anybody. Think of it in terms of "self interest." By serving others you serve yourself. The more you help your fellow citizens, the more you help yourself. Remember, "what goes around comes around." I simply prefer to live in a society where it's "All for one and one for all," and not "every man for himself." I hope one day you can see that view.
@GuyusSeralius There is no "big picture", there's just people walking around doing stuff. When you see something that's not there - you're psychotic.
Some of them are excellent manipulators preaching this "big picture" nonsense. It began with tribal chiefs, then priests, then kings, and now politicians.
There is no "all for one and one for all". There's "all for politicians". There's "all for warmongers".
All you got is gobbledygook. No concept of reality at all.
I don't mind when people confine their delusions to church on Sunday, they're harmless. But your delusion kills people by the thousands.
Proud of all the dead Iraqi babies? I'm sure you have a "big picture" excuse. Bullshit. There is no excuse, just thousands of dead babies. And you have the audacity to expect other people to pay for it.
Your delusion also steals the hard earned money of the working class to pay for bailouts.
@immortalium Who's "we"? The corporations are the ones that are doing it because it makes economic sense. The are just following the logic of Capitalism. They don't believe in the nation state and could'n't care less about the American people. You see this is the ultimate flaw in capitalism. Although according to capitalist this isn't a flaw this is exactly what its supposed to do: Make as much profit as possible and externalize all costs to others. Watch "The Corporation" for more info.
@immortalium Companies are staying out of America because its a land of financial and political quagmire. Nevermind the insanely high tax rates by comparison to other nations. How are they supposed to compete in a worldwide market with the Gap when they have to pay their employees 3000% more PLUS benefits? A company cant provide jobs for anyone if they're out of business.
How about debt forgiveness? Nobody can't anymore so lets start over with a whole new monetary system based on real tangible things like land, gold, silver, food etc.
Seems rather Keynesian to say that Uncle Sam can't cut spending without making the recession worse, when in fact, cutting gov't spending IS the solution. You could make the case that there won't be any significant cuts because our leaders lack the political will--which means the only solutions that remain are higher taxes or QE. But, to say cutting spending will make the recession worse and somehow isn't an option is silly.
I find it darkly amusing that "Keynesian" has now become a dirty word.
I agree that government spending is the problem, but there is no doubt that if the paychecks stop coming (to gov't workers, entitlement recipients, etc.), the people who are used to those paychecks are going to be unemployed and/or not spending money. That will make the overall recession worse, in the short to medium term (which is all that Uncle Sam is worried about).
@paladex77 very well explained and answered. It really does seem like "Keynesian" has become a dirty word like you say. I think what people need to realize is that what is happening in the macro scenario is pretty much what happens in the micro scenario (households, firms and the likes). Every household needs to contribute to getting the economy out of the recession.
@paladex77 Kicking the can down the road for me or my kids is dirty as fuck. Keynesianism does just that. It only focuses on the short and medium term. Which is precisely why we have the problems we do...that shortsightedness.
@wasssuppp08 You're essentially asking when will the excessive corruption end and when will the system start to noticeably self-correct. My answer is, as soon as the people start to demand it firmly enough--hopefully without violence--and as soon as the people, as a collective, become intelligent and wise enough to make the right decisions. The key is to make the right changes as soon as possible, which requires an accurate understanding of the problems that have caused our economic predicament.
Why is the government giving money to other countries?
Charlie12241 4 days ago
You guys just need a good old fashioned civil war.
claing17 6 days ago
no my friends. that's not the way it is. the video doesn't show where the rest of wealth is. Corporations and banks show that they have debt as s business, but their shareholders and investers have huge profits and more wealth than unfortunatelly we can imagine. So what do we do? We deny the goverment debt, we take over the banks, the corporations and their profits.We give no compensation of course to all the golden boys and girls and we get a life. ; )
DrKalahanari 3 weeks ago
Do not be fooled by this.
CZRonUTube 3 weeks ago
the TRUTH is here:
/watch?v=w85G0Eh2R7M
AZAZEL8867 1 month ago
Fuck banks
xshadowxist 1 month ago
whats going to happen is world war 3 of course
TheEsmo 1 month ago
they are slaves duh,
bobbyblack611 1 month ago
Why are the workers of a darker skin tone than that of uncle Sam?
CamaraLaurent 1 month ago
This thing isn't accurate at all.
Boar1237 1 month ago
Solution: Kill yourself
ChuckNorris2213 1 month ago
America borrows money from another country by selling them Bonds. The other country cashes in the Bonds many years later for more money, which is then used to buy more US Bonds. It's a vicious cycle that never ends, therefore keeping the economy balanced. Nothing to worry about.
guayx2 2 months ago
The solution: start a war, DUH
guayx2 2 months ago 5
Imagine a country that employed 10 million people to build thousands of buildings...for government. I know, I know...it's hard to see such a thing, but stick with me. Once these buildings are done, and manned, and they "serve" the public with their much wanted products (tickets, fee billing, rule making, record keeping, etc) what have you left your children?
ANSWER: A police state. A global bully. A place where everything costs too much, so we can all stay afloat, paddling fast.
JosephHuntington 2 months ago
Taxes can't be raised but they can be cut or non-existant for those best at accumulating wealth, corporations and the top 1%.
ginganz13 2 months ago
The banking system has not failed - it is fulfulling its PRIMARY purpose which is to profit the bankers. It's secondary use, as a system of exchange, is failing and can only ever fail - this is because there is never enough money to cover principle and interest.
ginganz13 2 months ago
that is what's going on with me and my credits, so now what should I do I run out of places where I can borrow money from and my debt is huge
fastlane59 2 months ago
so good until you went along with the deception that the "inflation" is going to government or households or domestic producers to pay their debts. The QE and bailout goes to the financial sector NOT as debt payment by any of these sectors -- but a money to buy up foreclosed businesses and home units, the proceeds going to receivership. The domestic economy (non-financial sectors, non-foreign trade) is plunged into deeper DEFLATION. yet everything else you explain beautifully
oldickeastman 2 months ago
thereis noting we can do the whole system will just collapse one day and then we just start over...........
xXSadJXx 2 months ago
US DEBT $15TRILLION + $8.3 TRILLION FOR FANNIE AND FREDDY
Beeman56258 3 months ago
The financial system we have began in 1913 with the Federal Reserve Act, with the blessings of the two party system. Most of the countries prosperity came before this time.If your happy to live in servitude to the 1% rich, then vote for Obama or another puppet. If you want to return to real prosperity then vote for Ron Paul, only he wants to dismantle the current system, and stop the wars.
VOTE RON PAUL FOR A REAL CHANGE
Beeman56258 3 months ago
WE ARE FUCKED
JagjeetMann 3 months ago 5
Give me back my 5 minutes!this is totally freaking bullshit!
XavierEightSeven 3 months ago
@XavierEightSeven How so?
michael99887766 3 months ago
@XavierEightSeven this is as simple as it can get, if you can't even get this video, then prepare to get mindfucked in wikipedia
vnt87 3 months ago 3
Wonderful Explanation !!!!
UltraRichOrg 3 months ago
THANK YOU!
BbqedBarbies 4 months ago
0:13 This is where the things go wrong. I mean nobody needs a degree in economics to understand that if you expend more than your income you can't last forever. Borrowing money is just delaying the problem.
The main question that has to be addressed is: Why are the expenses above income?
Probably Uncle Sam has to:
1.Reduce expenses by giving up of his wealthy way of life.
2.Increase income by working harder to produce more.
jotidusa 4 months ago
@jotidusa An economy is only as valuable as its factor endowments. You cannot expect to automatically increase national income simply by working harder when a country's GDP is completely reliant on its comparative advantage (see (Heckscher-Ohlin economic theory). Excess govt. spending has to STOP. Also, the reason UncleSam has a "wealthy way of life" is because he(taxpayers) fund social programs. Those on unnecessary social programs do not contribute to taxes or to GDP production.
MeetDarlingNikki 3 months ago
mmmm. it would appear we find ourselves in a bit of a pickle.
what if we ask the other countries to forget our debt and we in turn forget any debt they owe us? just an idea.
lordrazi111693 4 months ago
@lordrazi111693 This video is simplistic. Most debt incurred by the U.S. has not been t incurred by way of government- to-government borrowing but instead through sovereign spending which in the case of the U.S. translates into sovereign debt. These are loans from private financial institutions who loan to other countries on the basis of profit. Private financial institutions are backed by individual share holders. Loan forgiveness is not an option when the monies owed are owned by individuals.
MeetDarlingNikki 3 months ago
@MeetDarlingNikki Simplistic in a good way though!
MeetDarlingNikki 3 months ago
This has been flagged as spam show
Watch my powerpoint presentation here on youtube about the causes of financial problems and the greatest solution for the crisis being my innovation for the money system. This innovation is explained a bit more in my book about same subjects on amazon
WilfredBerendsen 4 months ago
"If banks can't pay their bills (...) you won't even be able to withdraw your savings."
This must be staggering information to anyone who believes that the deposits in their bank account is their money. It's not. The number in your bank account merely shows how much money the bank owes you. If banks go bankrupt due to declining markets such as real estate, they cannot pay you what they owe you. The money, you were always taught were yours, disappears.
frederikhoejgaard 4 months ago
Comment removed
MeetDarlingNikki 3 months ago
A part of the video is slightly incorrect. "Governments, banks and cooperations don't actually have much money. Mostly, all they have is debt to one another."
That is not true. ALL they have is debt to banks. The banks have plenty of money, they are the ones earning from the interest on the loans they create from nothing (it's not just the Federal Reserve, it's all commercial banks.)
frederikhoejgaard 4 months ago
If only farmers wouldn't have been screwed worldwide we'd at least have enough food to survive in the crisis, but as it is the "illuminati" who have hoarder everything in safe bunkers and the like will be happily watching their depopulation plans go into full gears. Enjoy.
RealTrueTarget 4 months ago
So to sum up... We're all screwed :(
tommyridges 4 months ago
Well there is only one direction to go now, we are nearing the bottom of the funnel. I think the problem will solve itself after the whole collapse thingy. It won't be easy.
stuffedsonic 4 months ago
And when they say 2012 is the end of earth is really the dollars that USA printed 140,0000trillion that owes, let's see what will follow this egoney and misrable time?
WAR, why? because people are out of jobs and there will be revolution as is starting now in many citys and many inocent will die, rich will run, as they have made palaces under ground 14 floor down, they will die underground and we up here, the world will become half or lessssssssssssssss. CHANGE YOUR DOLLARS for now.
sohaila0007 4 months ago
This has been flagged as spam show
The bible said this would happen. Bread would cost a day's worth of work.
Firestormvolcano 4 months ago
This is a very informative video, I thank you for making it.
LordPayne 5 months ago 3
This has been flagged as spam show
WATCH HOW THE ULTRA-RICH ARE PROFITING FROM THESE TIMES OF ECONOMIC CHAOS
*** economicwarning.blogspot.com ***
olahashem 5 months ago
Guess who increased government and spending money on social benefits.
FictionBot 5 months ago 2
@FictionBot Bush added the medicare drug plan. Projected to cost us 8 TRILLION DOLLARS. Also we have a wave of babyboomers are retiring now and will accelerate this.
dsalvat1 5 months ago
Finally I understood the basic of the American problems!!
froymat 5 months ago
hell i think this is all planed out . so the worled goes broke is not our fault the goverment goes crazy spending our tax money on bull cheat we dont even know about so pay the goverment employes less like we are geting payed the planet goverments are shisty dont see why they got to be like that were geting fucket so you know it good by ss , medical and everthing else
2tlo 5 months ago
Nobody wil be rioting if they tax the shit out of the rich!
amyntazoe 5 months ago
A big start to help get this country out of this mess is to finally start drilling for oil in our own country! Not only will it create jobs, it will bring in more tax revenue for the government and gas will be cheaper which will put more money in peoples pockets!
bworden03 5 months ago
@bworden03 If they don't a lot's of inosent people will die in war. basically i think it was all planned. just like having a black president, obama, which I love ( nothing against black or any othe nationality ), but first they made all these heroism films about blacks. And now all these films about 2012 end of the world? This is brain wash! DO THEY THINK WE ARE STUPID? YEEEEEEEEES
sohaila0007 4 months ago
in short we're fucked :)
EpleGoesInsane 5 months ago 6
to sum it all up, we're fucked
u2m2i5n7abunnies 6 months ago 5
the voice and pronunciation of this guy is very obnoxious
excellent video
al41255 6 months ago
I wanna go to another Planet!!!
extractor90210 6 months ago 15
how about :
1- reduce the interests slowly until we have no interests, whether the wealthy banks like it or not.
2- make every one pay the same percentage of their wealth annually, like %2 no matter if you are a Millionaire or a poor guy.
This is called Islamic Economy
DonCorleoneQ8 6 months ago
@DonCorleoneQ8 : Actually, there are several cultures who do that. Russia, an non-Islamic economy is an example, with a 13% flat tax which seems quite fair.
skyschoggins 5 months ago
@skyschoggins
I didn't know that.
Thanks for the info.
DonCorleoneQ8 5 months ago
Just a thought: End the Bush tax cuts, close the gap... keep the money flowing from the stingy upper 20% that aren't creating jobs.
Interesting fact that NO tea party or republican wants to admit: the greatest expansion of the US economy came at a time where the upper 20% of earners paid almost 75% in taxes on their gains, and they managed to pay back all deficits and almost all debt in under 20 years, and everyone made out like bandits!
kmikl 6 months ago
errr how about rise the tax on those scumbags upper 1 or 2%?
meis 6 months ago
Hey! I just uploaded an Spanish subtitled version of this video. I hope its OK, I put a link to the original one. I just wanted to spread the knowledge, this video is very educational. Thanks for making it!
NicoCalaRyu 6 months ago
Thank you so much! Wish all of the worl would know about this. Sometimes when I hear people talking about lady gaga, big brother or like about how much they want a new iphone I think about al the knowledge that really matters.
Someday this will effect all of us. And I will be the one knowing whats happend while they will still be wondering why the fuck hamburgers on MCDonland keep running out and shit. Fucking mega lol. Hunamity sucks.
swedishmetalupyours 6 months ago
There is no gold and silver.. It will never be logic to use it again because the world is not living in the past. With that little money you get like 2 gold rings.. I think we need to use barter instead. And America will not be that superpower. China or Russia will become superpower. Communism wins against Capitalism. End of the monopoly game. New game or End of the world.
ArnhemBoy20 6 months ago 2
There is no gold and silver.. It will never be logic to use it again because the world is not living in the past. With that little money you get like 2 gold rings.. I think we need to use barter instead. And America will not be that superpower. China or Russia will become superpower. Communism wins against Capitalism. End of the monopoly game. New game or End of the world.
ArnhemBoy20 6 months ago
Everybody needs to accept that debt will never be payd. But China will not accept this. What means that China will have a piece of America's ground. If America doesn't accept that it means WAR which the Chinese will win. Eventually China has more chance because of their money. The problem is that America will go nuclear. What means Russia will attack at the same time to become the superpower. America will lose. Riots all over the world. Money is like Air. We will use barter to exchange. Islam
ArnhemBoy20 6 months ago
This has been flagged as spam show
Your problem is the Rothschild their coming after your country ,research Rothschild youtube. 99% of people do not know they exist the jewish money lenders are the worlds problem they are undermining countries economies,and earning interest on loans to waring countries.They do not give a damm for anyone except the family bisiness,they own 3/4 of the worlds assets,THEY WANT AMERICA IN THEIR CONTROL and that day is near approaching
princeofswine 6 months ago
debatewithstupid has it right. if you don't build or produce anything you have nothing. Debt is not currency and in reality has no value except to those that deem it valuable IE banks. A default will be a Good and Bad thing, because it will force a fix to a broken system. That bad thing is that those people who live the high life because they own debt will no longer have power or money, and for them they want to see the system continue because it keeps them in power.
lionel33 6 months ago
Your perspective on economic involves not time horizon!
estevezmiami 6 months ago
"Thank you" Mr. Bush :(
Zarkx2000 6 months ago
Throughout history the strongest countries and economy's were based on exports and industry not on markets and lending. You will never have a strong economy based on lending, foreign markets, and no industry. You will also not have any jobs and that is defiantly Stagflation. The economy continues to implode over and over.
DEBATEwithSTUPID 6 months ago
Comment removed
DEBATEwithSTUPID 6 months ago
The federal reserve was created by borrowing after the civil war. Some wanted to borrow from France some from England. Dumdascraps and Republicants were born. Obamanomics just delivered a 30 to 40% increase in prices across the board on everything from food to materials. We are now in a GLOBAL recession and the Gov says we will experience a 10% inflation. That will be on TOP of the 40% devalued dollar Obama already made.
DEBATEwithSTUPID 6 months ago
Well that's a bit depressing...
s48099 6 months ago
Great video. Even though I fully understood the issue before. It was great to hear it in such a simplistic way
nairz86 6 months ago
that sad
MalukM 6 months ago
Basically because of human greed and the fact that people in China and India can be paid nothing and live in a shit shack were all going to die...
MrHav1k 6 months ago 2
So go back to the gold standard and raise taxes on the rich, or ......
die?
MrHav1k 6 months ago
FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU.....!
MrHav1k 6 months ago
Best way to invest right now is to buy gold and guns
bunny153649 6 months ago
If your going to make an educational video please use the right terms and correct usage.
1. Prices going up is not inflation. Increased money supply IS inflation, higher prices are just the result of inflation. <-- this is an important distinction.
2. Cutting govt spending is not the "cause" of a recession, nor will it "make it worse". workers who are let go by the govt will find more productive (and lower paying) jobs in the private sector, thus improving the overall economy.
AtlasHBS 6 months ago
@AtlasHBS are you suggesting that we all be slaves to the private sector?
Madpolis7 6 months ago
@AtlasHBS tell me you're joking ?! 1. what you're accusing him of "not" saying about inflation, is exactly what he "did" say!! maybe you should watch the vid again and this time pay attention. (it starts at about 1:45)
2. he never said that cutting spending did, or ever will create a resession!
3. it makes no fuckin sence to say that, someone making less money as they did before (working for the gov), therfore paying less taxes, spending less themselves, ect will improve the overall economy!
negotiator84 6 months ago 15
@negotiator84
At 1:20 he states that cutting spending will hurt the economy. again at 3:20 he repeats that falicy claiming cuts in spending would "make the recession worse"
Govt work isn't actually real work. How many tons of coal does a govt worker pull out of the ground? How many cars does a govt worker make? NONE. every worker that isn't in the private sector is a WASTE of work. even if the worker makes less for himself, it is better for him to work in the private sector.
AtlasHBS 6 months ago
@AtlasHBS you're joking again right! i was in the military for over 15 years. so are you saying that we're not "real" workers,.. hard workers!? fire-fighters, police officers, teachers ect, .... not real workers??! i switched from "helmets to hardhats" and i am now a construction worker for the past 6 years. and the biggest jobs (schools, hospitals, power plants, gov. buildings, ect.) that employ hundreds of people from all building trades, ... are funded by the government!
you make no sense!
negotiator84 6 months ago 16
@negotiator84 Actually, cutting government spending DOES cause the economy to contract. This is not my opinion, it is historical fact. When the government stops spending money, people lose their jobs. That's why "austerity measures" made the Great Depression far worse in the USA, and are making things far worse in Greece, Spain, et al. today.
paladex77 6 months ago
@paladex77 i agree! the previous administrations have gotten us into such a huge mess, that i don't believe that there is a way around of, cutting spending and raising taxes ( on everybody...for now)! we just raised the debt ceiling again and next year we will have to do it again and the following year again and again and again....!! i see inflation going up another 10- 20% and we're not doing anything about it! so far, (almost) no regulations, no taxing the rich, and still nobody in jail!!!
negotiator84 6 months ago 2
it is high time people of USA discard this myth of free market + support their govt. for taxing the rich & USE that money for Govt. run enterprises. Trust me - Govt. works & way better than corrupt corporations. Let Govt. run everything for some time.
dasalekhya 6 months ago
I STILL DON'T SEE WHY TAXING THE RICH IS NOT A GOOD OPTION ????
dasalekhya 6 months ago 8
Pay off your debt
/watch?v=Bqm4OP5CwQs
WebBusinessGuru 6 months ago
we're all fucked
watshappeninkid 6 months ago
The world's fucked...
swesydh 6 months ago
What a load of misinformation and FUD.
DFG224FDF 6 months ago
Correction my eggs will $3.15 instead of $3.00 to pay off China.
DFG224FDF 6 months ago
US can't pay it's debt? 2/3 of that debt are in American people's portfolio as gov't securities... The globe uses our funny money and they give us cars/Barbie dolls/ipods in return? If we can poof money out of nowhere how are we in danger of bankruptcy? So my eggs will cost $5 instead of $3 to pay off China.
DFG224FDF 6 months ago
One little question wouldn't this technically give China (who the US owes most of the money to) the right to confiscate American land and stuff?
Like a bank who takes away someone's house if they're bankrupt.
IfureadthisURdum 6 months ago
legalise drugs and tax them, this will even indirectly cut costs of incarceration, and will stimulate the economy
ShaolinPete 6 months ago
thank you for explaining it in a way that makes sense :)
MrKevinOpel 6 months ago
Uncle Sam can go fk himself. People, wake up. This economic system is ridiculous!!!!! Corporations are trying to scare the sht out of all. Let them pay their mistakes and see what does uncle Sam do with that.
vekiel 6 months ago
Thumb up if this video reminds you Captain America.
HapooDog 6 months ago
um, bush tax cuts anyone?
canucksfaninthehouse 6 months ago
Comment removed
AlexKJGray 6 months ago
So... creating more debt to meet obligations on previous debt.. isn't that called a Ponzi scheme?
EdwardDiego0 6 months ago
@EdwardDiego0 Yes.
sqhschief 6 months ago
I finally understand economics
topshottapartap 6 months ago
Why don't we say nah you don't have to pay me back like best friends usually do?
AyyMcIntosh 6 months ago
@AyyMcIntosh Haha, if only it were that easy. Living in a world full of greedy governments/countries, it's hard to find someone who's willing to forget all debt that another country owes them. Especially if it's over a trillion dollars.
Queenjazzyjae 6 months ago
This has been flagged as spam show
RON PAUL 2012!!!
undesiredshoe 6 months ago
Just one thing I would dispute. Corporations and banks are sitting on wads of cash right now in anticipation of this great economic worldwide collapse. For example it is known that Apple has almost 80 billion in cash reserves.
pvbklyn 6 months ago
I think the only way to slove this problem is to get all the nations and investors to meet and make an agreement to write off 50%+ of their debt owed to each other. The only country thats still in credit is China at the moment, if all other countries, banks, investors write off more than half the money they owe to each other we could buy more time to sort things out - the only investors who would loose out would be the super rich. Im no economist but could that work?
jackwridge897 6 months ago
OBAMA is in charge of the government ...he should make a comment here
3333kevin 6 months ago
Very short and to the point, but, what the point if there is no solution! Any solution is going to be painful to someone and more than one country. And by the way, no one is "entitled to something unless they have worked for it or payed for it. Why is there always talk of cutting medicare? Everyone who put in money for medicare deserves their medicare money. Can't same the same for medicaid though. He who doesn't work does not deserve a entitlement. If you spend it all and don't save, U get $0.
MultiRoses09 6 months ago
Just in time for elenin
eilier 6 months ago
Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are seeking the truth, search "Truth Contest" in Google, then open The Present on the homepage and read what it says.
DemianHermann 6 months ago
i would like to know if this model can be applied to the past... ex. pick certain time period ... put in what actually happened into results of game and see if results are same.
mostenan 6 months ago
It looks bad. Borrowing is not a good option. If we get serious about fixing this, we will have to go through a worse recession for a while. We will have to make decisions less about how it affects me but how it affects us. I can write alot on this subject but it only allows so many words.
Snarf338 6 months ago
very well explained Sir!
You should be professor! Very enticing voice to lecture people and just like you said educate others! :)
Great job with the video!
tiwarivikram 6 months ago
thanx..... that was surely very informative
ankitroxx1 6 months ago
The effect can be seen now. America just got downgraded...
linkinpandey 6 months ago
very good video to educate people who know the term inflation but not how it actually happens...great one
manuit205 6 months ago
i understood it now
o7n71a0453 6 months ago
Nicely done.. Very well made :-)
ankithbk29 6 months ago
THE VENUS PROJECT
Mo19911 6 months ago
This was great, This really breaks down a quite complicated issue, but the solution is simple. We need to cut spending on silly things such as the IRS and do more with less money.
pontiacmaniac2 6 months ago
Jus Kill the Fucking Uncle SAM !!!
srinivasreddymrec 6 months ago
The solution is simple: impose a larger tariff on imports. In the long run, after prices jump in cost initially, more things will be made in our country which will create jobs. The money from these jobs will be spent in the community on other products made in this country. This, in turn, creates more jobs. It's a cycle--an economic ecosystem. We will grow and prosper. Our tax revenue will go up from the tariffs and the rapidly growing economy.
The problem is our money disappears overseas.
PaulOtt 6 months ago
@PaulOtt Imagine every other country imposing larger tariffs for products they import....! Think on that...!
rajmohanparayil 6 months ago
@rajmohanparayil Here is what I think of that: The U.S. imports $500,000,000,000 USD per year ($500 billion) more than it exports every year. The differences in purchasing power of the currencies is what causes this.
Additionally, many countries like India already have high tariffs on imports: business-standard(DOT)com/india/news/indias-high-tariffs-impedes-agri-importsus/80596/on
PaulOtt 6 months ago
2012?
rambles06 6 months ago
who's the narrator? very powerful voice! keeps you enthused!
maulikrules 6 months ago
This needs to spread, I put it on facebook.
racinejordan 6 months ago
THE ILLUMINATI ARE TRYING TO DEFEAT AMERICA AND TAKE OVER THE WORLD. ! The time has come.
MicrosoftCPU3 6 months ago
Nice video! Simple and to the point! I agree that it is too late, and it is now time to prepare. Check out "Obama's Utopia" on my icesaint2011 channel to see how to prepare.
icesaint2011 6 months ago
To put this in the simplest terms. We are FUCKED! The longer the Republocrats and Demopublicans put off the inevitable, the more fucked we are. It's too late! Bush turned the economy into a runaway train and Obama just kept shoveling in more coal. By the time the debt hit $10 trillion, we had reached the point of no return. Neither of the two parties (really is just one two headed monster) want a solution, they are the problem. So what did we do? We kept voting for more of the same!
astrofrk 6 months ago
I
m asuming that using the work f..k is ok on the net! if it indeed it is i'll be using it more often if this shit keeps up!
mrpeteortiz1 7 months ago
Hey paladex, great video. I have shown this video to at least 20 people.
k1dk1ck 7 months ago
Why did you take out the corporations paying no taxes?
XtremePacifist 7 months ago 7
@XtremePacifist A fairly large number of people were refusing to share the video because of the comment about corporate tax rates. The original version is still up, so I haven't "censored" myself, but since the corporate tax issue is tangential to the main point of the video, I made this revised version, in the hopes that it would be shared more widely.
paladex77 7 months ago 6
@paladex77 tangential? ffs, that might be the most important bit of information of everything you've said there. Either way, very good job. Thank you. (BTW, as you might have noticed, there's a *copy* of this video on youtube that has 250k views as of now.)
analytiq 6 months ago
@XtremePacifist corporations don't pay taxes EVER. Consumers do. ALL overhead that corps pay is in the prices WE PAY for goods and services. It's "natural law" of economics. Think about it.
RealDeal59 7 months ago
Great job on making a complicated subject easy to understand. You have a very pleasant voice, too.
ld1200 7 months ago 28
@ld1200 Thank you. :)
paladex77 7 months ago
Where is all this money at? I sure don't have any of it.
TekkHakk 7 months ago
Wake up call...5 min before MIDNIGHT.
Most people will have to do with a wake up...PUNCH IN THE FACE!
Ponzi scheme explained.
rolovolo 7 months ago
A temporary solution that will really help buy us some time, before making major changes to our system, is to stop extending all the tax breaks for the super rich. If we could just get the top 2% to simply pay their fair share in taxes (money they are just sitting on and not using to create jobs, according to recent reviews) we could see fast improvements. I also agree with immortalium that we have got to stop outsourcing jobs.
GuyusSeralius 7 months ago
@GuyusSeralius- why do you believe that those who get out of bed each day, work hard, and invest wisely, should give their money to those who don't?
Why do you say the top 2% should pay their "fair share" and leave out the other 98%? Why isn't everyone paying "their fair share"?
Do you know that if you take ALL the money from the top 2%, it will not create jobs or fix this problem?
We need more taxpayers. We need more non government jobs. Taxing the wealthy will not create jobs.
ld1200 7 months ago
@ld1200 I never even implied those who work hard should give their money to those who don't. However, I do believe there are times when this becomes necessary, because it helps the overall human family. What affects one affects all others. I believe most people work very hard most of the time, whether they get paid for it or not. Ironically, it's the lower class that usually works the hardest, yet get paid the least.
GuyusSeralius 7 months ago
@ld1200 When I said the top 2% should "pay their fair share," it automatically means in comparison to the other 98% who usually do pay their fair share, according to statistical data and this video. Current evidence shows that the top 2% are finding many ways not to pay the taxes they are suppose to be paying. In other words, I believe everyone should pay their fair share. I hope you do as well.
GuyusSeralius 7 months ago
@ld1200 I also hope you don't actually believe the top 2% are just so hard working and so clever that they deserve almost half of America's wealth. Doesn't that distribution ratio seem at least a little suspicious to you? Recent reviews also show that the top 2% are basically just sitting on all their wealth and not using it to create more jobs. They often do this, historically. They are obviously receiving way more than they will ever need and more than they have truly earned.
GuyusSeralius 7 months ago
@GuyusSeralius "obviously receiving way more than they will ever need"
It pays to keep a leash on the green-eyed monster. Now about that "fair" thing. I agree whole-heartedly, but just what is a fair amount to pay for something you don't want, and don't get? Maybe it's just me, but the number zero comes to mind.
Should you choose to disagree, I'll be happy to sell my car to my brother and send you the bill.
jeffiek 7 months ago
@jeffiek A fair amount is at least the same percentage the middle class pays. What you do get for your money and what you should want is real insurance for every deserving citizen, community creation and maintenance, and an overall better, more functional society. And please don't just send the bill to me, but to all mindful citizens with a heart, who realize we are all part of the same team whether we like it or not, as long as your brother is truly in need.
GuyusSeralius 7 months ago
@GuyusSeralius You are a good explanation for the sad shape society is in today.
You actually believe you owe anything to warmongers??? You're psychotic.
jeffiek 7 months ago
@jeffiek Respectfully, it's quite the contrary. You are still not seeing the bigger picture. It's not about owing anything to anybody. Think of it in terms of "self interest." By serving others you serve yourself. The more you help your fellow citizens, the more you help yourself. Remember, "what goes around comes around." I simply prefer to live in a society where it's "All for one and one for all," and not "every man for himself." I hope one day you can see that view.
GuyusSeralius 6 months ago
@GuyusSeralius There is no "big picture", there's just people walking around doing stuff. When you see something that's not there - you're psychotic.
Some of them are excellent manipulators preaching this "big picture" nonsense. It began with tribal chiefs, then priests, then kings, and now politicians.
There is no "all for one and one for all". There's "all for politicians". There's "all for warmongers".
All you got is gobbledygook. No concept of reality at all.
jeffiek 6 months ago
@GuyusSeralius (cont)
I don't mind when people confine their delusions to church on Sunday, they're harmless. But your delusion kills people by the thousands.
Proud of all the dead Iraqi babies? I'm sure you have a "big picture" excuse. Bullshit. There is no excuse, just thousands of dead babies. And you have the audacity to expect other people to pay for it.
Your delusion also steals the hard earned money of the working class to pay for bailouts.
You need help, serious help.
jeffiek 6 months ago
im sure we can all agree that one of the best ideas we can do is to STOP SHIPPING JOBS OUT OF THE FUCKING COUNTRY!!
immortalium 7 months ago 3
@immortalium Who's "we"? The corporations are the ones that are doing it because it makes economic sense. The are just following the logic of Capitalism. They don't believe in the nation state and could'n't care less about the American people. You see this is the ultimate flaw in capitalism. Although according to capitalist this isn't a flaw this is exactly what its supposed to do: Make as much profit as possible and externalize all costs to others. Watch "The Corporation" for more info.
jemmre 6 months ago
@immortalium Companies are staying out of America because its a land of financial and political quagmire. Nevermind the insanely high tax rates by comparison to other nations. How are they supposed to compete in a worldwide market with the Gap when they have to pay their employees 3000% more PLUS benefits? A company cant provide jobs for anyone if they're out of business.
hitlerscow 6 months ago
How about debt forgiveness? Nobody can't anymore so lets start over with a whole new monetary system based on real tangible things like land, gold, silver, food etc.
MrVegiita 7 months ago
Seems rather Keynesian to say that Uncle Sam can't cut spending without making the recession worse, when in fact, cutting gov't spending IS the solution. You could make the case that there won't be any significant cuts because our leaders lack the political will--which means the only solutions that remain are higher taxes or QE. But, to say cutting spending will make the recession worse and somehow isn't an option is silly.
Dannyboy70 7 months ago
I find it darkly amusing that "Keynesian" has now become a dirty word.
I agree that government spending is the problem, but there is no doubt that if the paychecks stop coming (to gov't workers, entitlement recipients, etc.), the people who are used to those paychecks are going to be unemployed and/or not spending money. That will make the overall recession worse, in the short to medium term (which is all that Uncle Sam is worried about).
paladex77 7 months ago 9
@paladex77 very well explained and answered. It really does seem like "Keynesian" has become a dirty word like you say. I think what people need to realize is that what is happening in the macro scenario is pretty much what happens in the micro scenario (households, firms and the likes). Every household needs to contribute to getting the economy out of the recession.
shreybomb 6 months ago
@paladex77 Kicking the can down the road for me or my kids is dirty as fuck. Keynesianism does just that. It only focuses on the short and medium term. Which is precisely why we have the problems we do...that shortsightedness.
hitlerscow 6 months ago
@Dannyboy70 fififififififififififfffii
prakashrp91 6 months ago
Clinton a surplus Bush pushes us over the edge. This is Republican hack dung.
sonosouth 7 months ago
The best cure is get rid of the Republicans.
sonosouth 7 months ago
Comment removed
iluvaaroncarter14 7 months ago
@sonosouth and dont forget the Democrats!
dontblameme100 7 months ago
@sonosouth Like that comment!
AnneBoersma 7 months ago
@wasssuppp08 You're essentially asking when will the excessive corruption end and when will the system start to noticeably self-correct. My answer is, as soon as the people start to demand it firmly enough--hopefully without violence--and as soon as the people, as a collective, become intelligent and wise enough to make the right decisions. The key is to make the right changes as soon as possible, which requires an accurate understanding of the problems that have caused our economic predicament.
GuyusSeralius