USA can only default if it wanted to. Our debt is issued in $ & the feds print $, if we truly wanted to our government could pay off all of its debt to every country by tomorrow but that would completely destroy our economy for a few decades, the $ would be $hit so they wont do that.
I feel so sorry for the decent, hard-working folk in the US. You have been totally ripped off by the wealthy and powerful in your country. You must feel both ashamed and very afraid.
Of all The Greats who ever passed through the Whitehouse, we brits cannot believe USA not sorted your back garden.
Obama ideas reminds us of the recent 13 year storm which has ripped UK society apart, our towns and cities are like horror shows of feckless, irresponsible people who openly have children for extra government money.
PROFLIGATE spending has truly gruesome consequences.
David Cameron is a decent man, that's britain's problem.
Lied into a war, jobs sent overseas, tax breaks for the rich, increase taxes for the poor, also increase of the amount of money taken from wages for social security to make up the difference due to tax breaks for the rich and and oh yes, force everyone to have to pay these murderous so-called health insurance companies if we work. Now threaten grandma and grandpa's tiny livelihood. The poor do without while the rich pay off half million for jewelry. These people need to be fired at vote time.
we are a big nation. we dont have to borrow from anyone. we can produce what we need right here. shit, we borrow from the ones we give our money too? what a joke.
The government has been in default before. Every time it makes a promise to provide for something & does not - it is in default. The only time more debt is justifiable is if it is without interest.
Blame republicans if you like it is Obama who is pursuing wars all over the world and creating all the debt. The US will certainly default on obligations before the end of the year. And when that happens it will lose the ridiculous AAA credit rating and other countries will demand more interest and guarantees on loans. Meltdown is inevitable. Then the Obamanure will really hit the fan.
What the reporter fails to mention is that presently most us bonds floated by the treasury are bought by the fed! The US gov is currently indirectly lending money to itself...
Stop all Israel funding and stop the military complex funding then let the oil barons pay for the soldiers its they tha benefit from wars as does the arms dealers the people dont so shouldnt be paying for the services then we would see the clock stop.
The best way for the US to tackle its 14-trillion-dollar debt is… a) to end the wars in Afghanistan, Iraq and Libya and reduce military spending, which is the biggest part of the US budget. b) to default on its debt. c) to end tax cuts for the rich. d) to get loans from foreign banks or governments
USA can print its own money they dont need to borrow from private cartels like the Rohschilds and yes end military spending and all aid to terrorist dictators like Israel thing is Israel actualy run america and UK and the UN so the people need to wake up and end corrupt governments.
@edtheball69 USA only prints money when they take out a loan from a bank... the only time money is printed is when a loan is taken out from a bank.....
@Thecoldwaterfall A more realistic figure of debt would include the bad loans in the form of credit default swaps, amounting to over $64 TRILLION dollars, not hte $13 Trillion that was mentioned in the report, and could be added to that, AND there is still more debt in the Trillions that no one like to mention.
@mrzack888 theres a wide variety of bonds and repayment structure. Generally interest on a bond is paid every 6 months and the nominal amount is paid when the bond matures (5, 10, 20 years..)
With corporations who are making record profits its obvious the solution is to Jack taxes on the rich. But this will never happen as they run government and they will be immune to any economic collapse.
Stop bullshitting the public. As if we can't see we're DEEPLY in a recession already. Hell, even continuing to call it a recession alone is a serious case of cognitive dissonance. We're in a fucking depression. Stop pretending we're past anything you fucking shmucks. So tired of hearing blatant ass lies like that from our fucking media as if they're in an entirely different country altogether.
insanity....just fukn default! Bring on the end to this shit & we'll create anew. It'll eventually break down & make way for something else. Such is life...
Sounds like there is a contradiction if "everyone" is meant to be "domestic investor" or a justification for the concentration of wealth when"everyone" is not meant to be "domestic investor
1:39 domestic investors might feel concern about what is happening in DC and start to charge a premium to buy securities, in other words lenders would demand higher interest rates for their money, 1:59 that prospect, the higher cost of borrowing for everyone spiraling into America sinking back into recession
No country has EVER gone willingly to war without raising taxes to pay for it. Since 9/11, the US has willingly gone into 2 major wars (and some minor ones) and DECREASED taxes (The Bush tax cuts for the wealthy). Simple high school arithmetic!
@TheSilverGuild I suggest you watch "The Colony" and then continue telling people to buy gold. If you had the slightest clue, you would be suggesting people purchase solar panels, water purification systems, food dehydration systems and other items that can actually help them in the long term. Instead, you've bought into this nonsensical notion that if the dollar crashes, somehow, someway, automatically people are still going to want a precious metal just because "it looks neat".
But I don’t need your chicken because I have chickens and Vegetables! Oh but wait if you have metal then you have a medium of exchange and can buy anything for 1 gram of gold! Unfortunately you will only be able to barter goods while the people with Gold/Silver can still buy the exact amount of loafs of bread as they could 1000 years ago. You will be left in the dust especially when you can’t trade for ammo! Time will tell!
@Thecoldwaterfall Personal morality is more inportant than Finacial gain. Perhaps you should take your own advice and stop promoting a currency collaspe because thats not going to happen.
If gold is a con then I guess man has been coning himself for 5000 years.
You obviously dont know anything about hedeging from inflation and protecting your purchasing power.
Obviously you dont own any gold and your perfectly happy with your fiat debt papper slave currency!
@Sallytheg4y She is the spawn of shaytaan to! It doesn't matter. Youtube politicians and celebrities occult rituals! The el cornuto isn't a sign for I love you. It isn't a sign for rock on! It isn't a sign for the texas longhorns! It is an ancient occult archetype!
ahh, if we are to go we would go out with the biggest bang ever. oh, it will happen. we will drag the rest of the world with us since we have the world reserve currency.
@KhmerD0g I wouldn't blame it on Obama i'd blame it on the oober rich who tell what to do. Government in america isn't real its just an extended public relations group for the banks.
Right on. Voting republican or democrat is the same. Democracy is a shame. It just make ordinary citizens feel they have a voice in political process. Look at greece. The people protested about bailouts for the banks and austerity measure for the rest of Greeks and yet the bill passed.
@Gabrielregalado2 IIRC, the conflict in Afghanistan was started by Obama's predecessor. Who also started the conflict in Iraq. Oops.
As for debt, the extension will probably be granted. After all, European governments are throwing money at Greece in order to stop it defaulting, Ireland's getting a huge cash injection to stop it getting into trouble, and it's likely Spain and Portugal will as well. So I can't imagine US politicians allowing their country to default.
@truthersunited333 well you could state that we have been in WW3 for about 10 years with 6 different wars fronts and over 1 million deaths since 2001, Iraq, Afghanistan, Pakistan, Tunisia, LIBYA and the so called "war on terror". US has also sent war ships to the west coast of Syria, just waiting to attack. that means Russia wont be happy cos they have got a navel base there. and china says if you attack Pakistani it will be like an attack on china, and they WILL retaliate. Iran is pissed too
@melonberryable Man All I can say is praise Jesus. Funny thing is though how this can escalate too a very high level a war so very quickly. I just hope people wake up before the great awakening so we do not go in the wrong direction.
@truthersunited333 they will most likely make another false flag, like 9/11 and blame it on someone else. so they can
1. start a new war/ distract us from the current economic disaster.
2. to show the "still sleeping" Americans that the so called war on terror is still going on.ect
3. to increase the TSA to maximum potential, ie; house to house random searches, more molesting of innocent citizens, and TSA in malls, town centres, train stations, and public event, they will be there to"protect us"
USA can only default if it wanted to. Our debt is issued in $ & the feds print $, if we truly wanted to our government could pay off all of its debt to every country by tomorrow but that would completely destroy our economy for a few decades, the $ would be $hit so they wont do that.
prjerry7 5 months ago
"to buy....securities"
TimianOfficial 6 months ago
I feel so sorry for the decent, hard-working folk in the US. You have been totally ripped off by the wealthy and powerful in your country. You must feel both ashamed and very afraid.
nowthatsinteresting1 7 months ago
Of all The Greats who ever passed through the Whitehouse, we brits cannot believe USA not sorted your back garden.
Obama ideas reminds us of the recent 13 year storm which has ripped UK society apart, our towns and cities are like horror shows of feckless, irresponsible people who openly have children for extra government money.
PROFLIGATE spending has truly gruesome consequences.
David Cameron is a decent man, that's britain's problem.
bertyUK 7 months ago
Lied into a war, jobs sent overseas, tax breaks for the rich, increase taxes for the poor, also increase of the amount of money taken from wages for social security to make up the difference due to tax breaks for the rich and and oh yes, force everyone to have to pay these murderous so-called health insurance companies if we work. Now threaten grandma and grandpa's tiny livelihood. The poor do without while the rich pay off half million for jewelry. These people need to be fired at vote time.
Jessecraft1954 7 months ago
Keep on re-electing them America ... you deserve the screwing your getting!
browneyes4 7 months ago
That's what happens when the people running your country are nothing but power hungry idiotic failures.
warzdune 7 months ago
i'm fucked you're fucked they're fucked we're fucked he's fucked and she's fucked! AHH!!!!!!!!!!!!!!!
ToxicDreamer 7 months ago
w italy
Yamagary 7 months ago
Ourselves all in debts at whom are not present Mastercard???
TheDrMcdonalds 7 months ago
Yeah Guys --- You got to take your politicians by their 'WORD' hahahahahahahahhaah what a F^uking joke!
Nathan21122012 7 months ago
we are a big nation. we dont have to borrow from anyone. we can produce what we need right here. shit, we borrow from the ones we give our money too? what a joke.
Rico8458 7 months ago
The government has been in default before. Every time it makes a promise to provide for something & does not - it is in default. The only time more debt is justifiable is if it is without interest.
elishebabb 7 months ago
Blame republicans if you like it is Obama who is pursuing wars all over the world and creating all the debt. The US will certainly default on obligations before the end of the year. And when that happens it will lose the ridiculous AAA credit rating and other countries will demand more interest and guarantees on loans. Meltdown is inevitable. Then the Obamanure will really hit the fan.
txsray1 8 months ago
China is owning the US. hahahaha
kursati 8 months ago
What the reporter fails to mention is that presently most us bonds floated by the treasury are bought by the fed! The US gov is currently indirectly lending money to itself...
CheekyMonkey888 8 months ago
Stop all Israel funding and stop the military complex funding then let the oil barons pay for the soldiers its they tha benefit from wars as does the arms dealers the people dont so shouldnt be paying for the services then we would see the clock stop.
edtheball69 8 months ago
Game's over America... can't party all the time... :-\ Time to pay back...
TheEsotericDesi 8 months ago
@TheEsotericDesi you don't even know what your talking about :P
mrspazshot 8 months ago
The best way for the US to tackle its 14-trillion-dollar debt is… a) to end the wars in Afghanistan, Iraq and Libya and reduce military spending, which is the biggest part of the US budget. b) to default on its debt. c) to end tax cuts for the rich. d) to get loans from foreign banks or governments
PLEASE REPLY WITH YOUR HONEST OPINION.
P4KiiST4N 8 months ago
@P4KiiST4N
USA can print its own money they dont need to borrow from private cartels like the Rohschilds and yes end military spending and all aid to terrorist dictators like Israel thing is Israel actualy run america and UK and the UN so the people need to wake up and end corrupt governments.
edtheball69 8 months ago
@edtheball69 USA only prints money when they take out a loan from a bank... the only time money is printed is when a loan is taken out from a bank.....
ToxicDreamer 8 months ago
@P4KiiST4N Don't worry China will solve all your problems eventually lol.
PeterTattersall46 8 months ago
@PeterTattersall46 Yes cause we are allies how many allies have you got. A country can't help a country?
P4KiiST4N 8 months ago
@P4KiiST4N Don't really understand what you are saying.
PeterTattersall46 8 months ago
BRING IT ON.
IT'S THE ONLY WAY TO ULTIMATELY EFFECT RADICAL CHANGE IN THE US,
yourtreat2 8 months ago
What is this dept per person thing?? I never agreed to the dept so like hell I'm paying it.
Thecoldwaterfall 8 months ago
@Thecoldwaterfall A more realistic figure of debt would include the bad loans in the form of credit default swaps, amounting to over $64 TRILLION dollars, not hte $13 Trillion that was mentioned in the report, and could be added to that, AND there is still more debt in the Trillions that no one like to mention.
yourtreat2 8 months ago
@mrzack888 theres a wide variety of bonds and repayment structure. Generally interest on a bond is paid every 6 months and the nominal amount is paid when the bond matures (5, 10, 20 years..)
mccoya2 8 months ago
this is waht i dont get, are those treasury bills come due? is that why? otherwise, the US don't have to pay them off until they come due.
mrzack888 8 months ago
america have become the enemy it fought for its independence, the british east indian company.
mrzack888 8 months ago
With corporations who are making record profits its obvious the solution is to Jack taxes on the rich. But this will never happen as they run government and they will be immune to any economic collapse.
ABCDyeahyeahyeah 8 months ago
"could send the US back into recession"
Stop bullshitting the public. As if we can't see we're DEEPLY in a recession already. Hell, even continuing to call it a recession alone is a serious case of cognitive dissonance. We're in a fucking depression. Stop pretending we're past anything you fucking shmucks. So tired of hearing blatant ass lies like that from our fucking media as if they're in an entirely different country altogether.
YourBrainOnReligion 8 months ago
insanity....just fukn default! Bring on the end to this shit & we'll create anew. It'll eventually break down & make way for something else. Such is life...
juanmora19910209 8 months ago
Sounds like there is a contradiction if "everyone" is meant to be "domestic investor" or a justification for the concentration of wealth when"everyone" is not meant to be "domestic investor
1:39 domestic investors might feel concern about what is happening in DC and start to charge a premium to buy securities, in other words lenders would demand higher interest rates for their money, 1:59 that prospect, the higher cost of borrowing for everyone spiraling into America sinking back into recession
lvildos 8 months ago
Total economic collapse.
usamaizm 8 months ago
No country has EVER gone willingly to war without raising taxes to pay for it. Since 9/11, the US has willingly gone into 2 major wars (and some minor ones) and DECREASED taxes (The Bush tax cuts for the wealthy). Simple high school arithmetic!
crocfme 8 months ago
lol Obongo is broke, Amurica is going Zimbabwe.
Niraet 8 months ago
lol so borrow money to pay back the people you borrowed more money off?
superfuzz 8 months ago
pathetic defaulting scum
covertgreen 8 months ago
Buy Gold. The Printing press is going to be over time again!
TheSilverGuild 8 months ago
@TheSilverGuild I suggest you watch "The Colony" and then continue telling people to buy gold. If you had the slightest clue, you would be suggesting people purchase solar panels, water purification systems, food dehydration systems and other items that can actually help them in the long term. Instead, you've bought into this nonsensical notion that if the dollar crashes, somehow, someway, automatically people are still going to want a precious metal just because "it looks neat".
YourBrainOnReligion 8 months ago
@YourBrainOnReligion I'm planning on building a green house as well.
saintearth 8 months ago
@TheSilverGuild Buy gold LOL
The price I sell 1 fresh carrot.. 1 gold dollar want a whole live chicken?... got a wheelborrow for the gold it'll cost?
The buy silver/gold conmen are out in force latley lol
Thecoldwaterfall 8 months ago
But I don’t need your chicken because I have chickens and Vegetables! Oh but wait if you have metal then you have a medium of exchange and can buy anything for 1 gram of gold! Unfortunately you will only be able to barter goods while the people with Gold/Silver can still buy the exact amount of loafs of bread as they could 1000 years ago. You will be left in the dust especially when you can’t trade for ammo! Time will tell!
TheSilverGuild 8 months ago
@TheSilverGuild I'll need ammo? LOL
Your selling a con that shiny metals will save people lol But I guess you conning people that its a good thing dont bother ya much huh?
Thecoldwaterfall 8 months ago
@Thecoldwaterfall Personal morality is more inportant than Finacial gain. Perhaps you should take your own advice and stop promoting a currency collaspe because thats not going to happen.
If gold is a con then I guess man has been coning himself for 5000 years.
You obviously dont know anything about hedeging from inflation and protecting your purchasing power.
Obviously you dont own any gold and your perfectly happy with your fiat debt papper slave currency!
TheSilverGuild 8 months ago
@Thecoldwaterfall So your telling me that everyone who owns gold has been cond and that anyone of those people who sell there gold is a con artist?
You come up with the most inane Propagandist comments. Your ethier just plain stupid or a willfull idiot.
Im guessing both!
TheSilverGuild 8 months ago
al la la la la la la la la la la. LOL so has WW3 started yet? And if so wow people are blind!
truthersunited333 8 months ago
@truthersunited333
You think the US got enough money for WW3? lol
Obama is trying to talk about peace with Afghanistan , the nigga is broke :D
but then again he deserves it , he shouldnt have got in Afghanistan on the first place.
Gabrielregalado2 8 months ago
@Gabrielregalado2
if da niggah is broke then da niggah going to be the last president of usa
KhmerD0g 8 months ago
@KhmerD0g
only one year left till the next elections soo....nope!
I would love to have Sarah Palin as a president ,
if you are gonna fuck up then do it with comedy.
Gabrielregalado2 8 months ago 15
@Gabrielregalado2 why would you love Sarah Palin as a president ? Because she has charisma and because she would be the first woman as president ?
Sallytheg4y 8 months ago
@Sallytheg4y She is the spawn of shaytaan to! It doesn't matter. Youtube politicians and celebrities occult rituals! The el cornuto isn't a sign for I love you. It isn't a sign for rock on! It isn't a sign for the texas longhorns! It is an ancient occult archetype!
verbalswordsman 8 months ago
@Gabrielregalado2
ahh, if we are to go we would go out with the biggest bang ever. oh, it will happen. we will drag the rest of the world with us since we have the world reserve currency.
KhmerD0g 8 months ago
@Gabrielregalado2 Why would you want Palin?
GTR66960 8 months ago
@GTR66960 Because she's a stupid funny bastard and you deserve her lol. Best wishes from the UK.
PeterTattersall46 8 months ago
@PeterTattersall46 No, most of us actually want to send her to Mars.
GTR66960 8 months ago
@GTR66960 Not far enough lol.
PeterTattersall46 8 months ago
@PeterTattersall46 hahaha
GTR66960 8 months ago
This has been flagged as spam show
@Gabrielregalado2 checkout my channel. no politicians.
TZMRussia 7 months ago
@Gabrielregalado2 maybe paris hilton will be next president or britney spears
amsterdamlove 7 months ago
@KhmerD0g I wouldn't blame it on Obama i'd blame it on the oober rich who tell what to do. Government in america isn't real its just an extended public relations group for the banks.
propjam2 8 months ago
@propjam2
Right on. Voting republican or democrat is the same. Democracy is a shame. It just make ordinary citizens feel they have a voice in political process. Look at greece. The people protested about bailouts for the banks and austerity measure for the rest of Greeks and yet the bill passed.
KhmerD0g 8 months ago
@Gabrielregalado2 they always have enough money for war.. .
melonberryable 8 months ago 20
@melonberryable of course! the rich need to get richer.
propjam2 8 months ago
@Gabrielregalado2 IIRC, the conflict in Afghanistan was started by Obama's predecessor. Who also started the conflict in Iraq. Oops.
As for debt, the extension will probably be granted. After all, European governments are throwing money at Greece in order to stop it defaulting, Ireland's getting a huge cash injection to stop it getting into trouble, and it's likely Spain and Portugal will as well. So I can't imagine US politicians allowing their country to default.
mittfh 8 months ago
@truthersunited333 well you could state that we have been in WW3 for about 10 years with 6 different wars fronts and over 1 million deaths since 2001, Iraq, Afghanistan, Pakistan, Tunisia, LIBYA and the so called "war on terror". US has also sent war ships to the west coast of Syria, just waiting to attack. that means Russia wont be happy cos they have got a navel base there. and china says if you attack Pakistani it will be like an attack on china, and they WILL retaliate. Iran is pissed too
melonberryable 8 months ago
@melonberryable Man All I can say is praise Jesus. Funny thing is though how this can escalate too a very high level a war so very quickly. I just hope people wake up before the great awakening so we do not go in the wrong direction.
truthersunited333 8 months ago
@truthersunited333 they will most likely make another false flag, like 9/11 and blame it on someone else. so they can
1. start a new war/ distract us from the current economic disaster.
2. to show the "still sleeping" Americans that the so called war on terror is still going on.ect
3. to increase the TSA to maximum potential, ie; house to house random searches, more molesting of innocent citizens, and TSA in malls, town centres, train stations, and public event, they will be there to"protect us"
melonberryable 8 months ago
911 INSIDE JOB (BUILDING NUMBER 7 DOES NOT TELL LIES?)
strongestiman 8 months ago
Fake Wars Costing Real Money and Real Lives
sexpolice101 8 months ago
"must include an end to tax breaks for the wealth"
well DUUUH
Gabrielregalado2 8 months ago
Lets Default, maybe we'll see the change obama was talking about
briperez 8 months ago