@cle4d Germany has one of world's largest current account surpluses. So no, I'm not dreaming. Germany is just living within its capabilities and is giving out cash to the likes of Greece who don't bother doing that.
I got a great IDEA! Lets blame the idiot Americans for a global economy collapse, and pretend that there was absolutely no way our own countries could have forseen that putting all our ships in one port might not have been as great an idea as it sounded when our own ministers of finance pitched it to us. Especially when that one port was proverbially "bombed" sinking all our own ships in the process.
@kwacka222 Most of this occured because of Fannie & Freddie almost giving houses away,staring with laws paased by that peanut farming putz in 1977.When there were questions about the stability of these loans in the Bush43 Administration,Crass Dudd & that mushmouth faggot Bahney Fwank did all they could to stop any inquiries into said stability.
@xjlmt Yep. And now everyone is blaming Obama for raising the debt, like they have a choice. You need to cut spending AND take more in with taxes, especially from rich people. It's kind of hard to enjoy your million dollar mansion when the infrastructure will fall around it. I remember watching Clinton talk just after Bush got the first term started, and why those tax cuts won't work for a second. He was spot on with everything he said. Bring Clinton back!
(Mat 6:19-21) "Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. {20} But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. {21} For where your treasure is, there your heart will be also.
The Irish people should be taking note of this video - it explains how they are getting 'bailed out' by broke ecconomies - the additional money is printed from thin air by international bankers and the way it will eventually be paid back is through the complete stripping of assetts - everyones house keys will be handed over in the end - thats the only way it can end - how many people really understand that this is no joke and I have not even mentioned what they will do to the people that remain!
Well that cracked me up, the best part it's all true. I know one guy that's going to be laughing all the way to the bank, the bank owner. the Big Kahuna him self, Mr my personal wealth is more the half of the world total GDP owner of the WB, IMF, BIS global banks, I'm a Jew even do i'm not, The Rothschield global cartel banking family... David De Rothschield.
The biggest part of debt is not China but the hens guarding the chicken house i.e. the Federal Reserve which is a private entity controlled by a handful of the largest banks (Citi, JP Morgan Chase et al). It's analogous to the "house" in a gambling casino determining the percent take. The Feds determine financial policy through interest rates then influence political leaders to insure they get paid back when the SHTF while most main street folks get taken coming and going.
@MasterAdam100 This has nothing to do with Capitalism. It's when the government interferes with the free market and over-spends. What part of the Capitalism economic model tells the government to lend money they don’t have to other economies that can't pay it back?
@brycspain The free market is non existent because corporations and private interests rule the market with no regards to inflation and ruling monopolies. The closest you'll get to a free market is in an Anarchist community.
@MasterAdam100 You're saying private industries and banks are causing this and there is no government involvement? Why would a private bank in one country lend money to a private bank in another country with no possibilty of getting the money back? Now obviously there are no totally free markets but it's not communism either.
@brycspain Your right, it's a multitude of other things too. And the governments of these countries did make it worse but not regulating enough and letting bankers run around like wild teenagers with their parents credit card. And the citizens were so used to the high life they thought nothing could go wrong. Like how Americans spent in the 1920's.
@brycspain It is ALL to blame trying to say that the fed did'nt play a part or that the banking sector did'nt play a part is like looking at one part of a huge problem surely it should start at the top with the fed being more open about who ouns the fucking thing.That is so fucking corrupt just to start it off,banks protecting banks while the governmenet needs the cash that comes in from it.It is a terribel system totally unworkable in the future,we need something new.
"...becuase the US economy is much more stronger than the european economy... " "correct!... and why is that roger?" "...becuase its owned by china!!!!!" exacte moi!
This comment has received too many negative votesshow
Capitalism is a failure!!!! I have watched these guys for years and they surely know how to make a dark side seem funny! Capitalism is a pyramid scheme in where the rich get richer and poor get poorer, and when the wheel stops turning, which would have stopped here in oz if it wasnt for the mining sector, you will see mexicans bypassing the US border and going straight to Canada!!!! LOL, thats how good the US economy is going!
At the end of the 15th century, the Spanish wanted to investigate the source of their misery, it was found that the Jews had brought to them all the money in countries through manipulation trade and usury. There were in Spain 150 000 men of that foreign nation so odious and so greedy. Voltaire
the fact that the video Justin Bieber - Baby ft. Ludacris has 195,960,777 views at this moment in time compared to the 151,639 views of this economically relevant and socially important video makes me want to puke all over my keyboard
@ThirdPartyGuiltTrip better ask for your medal and prize money to be fedex'd, UPS is getting bailed out too by the US GOV.... just thought you should know.
Just so you guys realise, these 2 are a pair of satirists that have been conducting mock interviews since 1989, this is just a bit of Australian satire, albeit with some background truth :P
@jordan18291 Yes, I don't know this guys, but I think they're allright...as comediants! I love british humor, and from Australia the mythical "Comedy inc", the only australian comedy I know, unfortunatelly, but, man, I just loved it). But someone thinking that this may be serious, that's even frightening...!!
Foreign trade deficit and government spending deficits make up only a small portion of national debt. They are crucial factors only in that they affect the governments ability to cover the INTEREST on the debt to the central bank.
ALL MONEY is debt. If a country paid back all its debt to the central bank there would be no money in the economy.
National debt consists mainly of indebtedness to the home nations central bank, not to other national economies. How else could ALL countries be in debt at the same time. This great skit can be expanded to all countries, they are all in debt - and the creditor is the PRIVATE central banking cartel. In the eurozone the issue is clouded by the division into regions (separate credit ratings), however, the real debt is to the European Central bank.
Come on people! You can't be serious!! Some guy asked people to see this vid in another discussion about the EU, I though it was something real. This is pure comedy! And, as far as I get it, is really intended to be comedy! Is there people that can quote this video as a valid argumentation against EU?!! Grow up! And AUSTRALIANS??!!!! Get lost.
@KXKKX That isn't what socialism is at all. In a socialist society you still need to work, however instead of businesses being run by private enterprise (corporations), they're run by the people and the employees of that business divide the profits equally among themselves.
@KXKKX That is a typical redneck assumption, proper of someone who's name is KKK, with an X in the middle to disguise it. Why is that everybody who vilify the EU must be from the USA or Australia?! You rednecks would love to see Europe sinking, wouldn't you? That's why you repeated now the 29 act? Well, we have news for you: EUROPE WILL SURVIVE EVERYTHING, and what doesn't kill us, will make us stronger. Now, save that american fascist cheaptalk to your dog redneck.
@8n4n08 Well I think that will be you, since I was refering to USA when I used the term "redneck" (a term of endearment we use for our american friends, here in Europe), and the only time I mentioned the name Australia, I thought it was pretty obvious that I used it in the sense of "what authority have an australian to speak about the EU?" Besides, judging for this video, I know better Australia than you know Europe... So, son, I think you just missed an good opportunity to be quiet... redneck!
@james1982lancs What? Jews are the only ones smart enough to get into banking?
We've all got problems. Let's take responsibility for our own problems and stop blaming the Jews for everything. How can 0.3% of the world's population be responsible for 100% of the world's problems? Is the other 99.7% not smart enough to fix anything?
@IWannabeJew No the jewish banking houses such as the rothchilds dynasty are not smart there leaches they profit of people's misery.With there view of non jews as yids or (slaves).
Spain is an insustainable state, from its begining 4 centuries ago. They dont know what productive economy means. They have been surfing on the american gold during centuries. These last decades: from German and Catalan money. Now the Catalans want to be independent again. And Europeans begin now to understand the spanish way of living spending money from other nations.
I got an idea. It's the most commonly used method to fixing all of societal problems! Let's give a few people a bunch of guns to force us to be virtuous and giving! Maybe it will work this time. Oops, maybe it'll work this time......OOPS! Just maybe it'll work.......
@aotilt How about grow intellectually and talk to each other about why there is no virtue in government. Growing out of statist societies is the next step. Not arguing from effect, but from principles. There is plenty of evidence through the whole of history to show you where giving a monopoly on violence to a select few sociopaths brings you. There are smart, virtuous, capitalistic-minded people that can figure out free market ways of dealing with roads, pollution, & the occasional scam artist
Fear GOD who hath power to cast you into HELL(Luke 12:5)! Fear God and depart from evil(Proverbs 3:7)! God is ANGRY with the wicked everyday(Psalm 7:11)! Jesus Christ is the WAY, the TRUTH, and the LIFE, there is NO OTHER WAY to be saved(John 14:6)! For God did not send His Son into the world to condemn the world, but that the world through Him might be saved(John 3:17)! TURN FROM YOUR SINS AND SUBMIT 2 THE LORDSHIP OF JESUS CHRIST NOW! DON'T BOAST OF HAVING TOMORROW! Proverbs 27:1
@over9000christian This is why each generation gets screwed up. Religious & statist propaganda thrust into the minds of mentally and physically abused children. Most parents do the dirty work of the state by perverting the minds of the children with garbage. They don't even realize that they are the ones keeping the chains on. The key is philosophy, virtue, rationalization, and most importantly truth. Truth above family & friends will be a watershed moment for society.
The European Union is a prime example of why democracy is also a failed system. Nobody has any real money, it's a fucking world-wide scam, countries loaning to each other in an endless fuck cycle.
They didn't answer or ask why the squeeze is being put on Greece when it owes less than other Euro countries. But thankfully they did ask the Q's that leave that question hanging in our heads, so let's give it some air, eh.
So... I owe the thimble $5000 for landing on Boardwalk with a hotel...but thimble owes top hat $5200 for landing on Marvin Gardens, and PA with houses/hotel... and top hat owes me $3600 for other things... wait wait wait... banker is going back to Parker Bros. to get more Monopoly Money... it'll all be okay once that arrives... Time to start making $1000 bills out of tin foil (damn inflation!)
@reeferisme The Military is supposed to be under the federal government's control. It's in the Constitution. Nothing "socialistic" about the military at all. The public schools are chaotic cesspools of liberal ideology and laboratories for experiments in social engineering and academic mediocrity. The federal govt. needs to get their paws out of it and return the responsibility of taking care of schools to the communities in which they reside...or scrap public schooling altogether.
I'm tempted to simply mock you, but maybe it's better if I ask you a question...
WHOM precisely, do you believe this debt is owed to? By "this" debt, I mean the debt of whichever country you like.
Are you quite certain that the debt isn't owned by citizens, especially older citizens and retirees, who are counting on it to be a safe investment? Or do you just believe that all the money is owed to banks, and bugger them anyway?
That was three questions, wasn't it? Terribly sorry.
@chaser107 Well the fact, is socialisim is taking wealth from one group of individuals and giving it to some lazy bastard who has no or little wealth. Ans yes you don't want to open it up to debate because you know. I am right.... AND YOU ARE WRONG! Thats the end of subject.
@torleifw Do you even know what right wing policies are? No right wing policies did not cause this mess. Right wing policies does NOT include the theft of private wealth and poperty to give to a bunch of lazy zombies who think they are entitled to have the large government machine pay for all their basic needs.
@ericlebo You're right when the "Right wing policies does NOT include the theft of private wealth and poperty to give to a bunch of lazy zombies who think they are entitled to have the...government...pay for all their basic needs". Right wing policies include theft of private wealth to make the wealthy wealthier, and people who cannot afford the basics of living, and then call them, "a bunch of lazy zombies who think they are entitled to have the...government...pay for all their basic needs."
@choujikuu Just keep dinking that liberal kool-aid. "Oh the rich replubicans keep getting richer from the poor." Your ignorance on right wing policies is not only typical liberal B.S. but comical. I got news for you. Socialist, Marxist, libtards, DONT GIVE A DAMB ABOUT YOU. They belieive their socialist policies only apply to everyone else, but for they themselves who are advocating for the socialist policies.
@ericlebo You do know that there are a lot of people who are poor despite working hard, and there are most of the rich who are the actual lazy bastards, right? Mostly, because those lazy bastard inherited their wealth, and are smart enough to not spend it all, but they still spend enough to flaunt their wealth, but still never work a day in their lives.
@choujikuu Yes there is alot of lazy rich bastards out there. They are the so called liberal elite (psuedo intellectuals) or the bourgeois aristocracies. These are the ones that are usually advocating for socialism or some sort of pseudo socialism. Thinking it will never apply to them, that they can alway opt out of it. And yes... the reason why you have hard working people who can never seem to rise far above poverty is because these lib-tards continue to insist on pulling up the ladder.
@toto20091 Actually true capitalist believe wealth is the personal property of the individual, in which one earns. Socialist believe wealth is the property of the state only lent in trust to the idividual. Even here in the U.S. we don't really have a true capitalist society at least not with in the last 100 years. You could say, that we have pseudocapitalism. True capitalist when burdened with the greed of an over growing bureaucracy, will go John Galt and take their business underground.
@toto20091 A capitalist is someone who believes the capital that he or she produces is their own personal property and has control of it.
This Union of States AKA: The American Experiment started out with true capitalist beliefs. That is untill 1913 when it created the federal reserves and made the income tax permanent.
@ericlebo America started from wiping out native population, stealing their land, then slave labor and this picture everywhere in the history of all countries. On this base it is impossible to make true capitalism if this state can ever be accomplished. IMO, this is not a good direction. As long as corporations are interested in profit margins it will keep people suffer. If system is built on the goal of growing capital indefinitely, it will fail sooner or later.
@toto20091 This last statement you just stated proves that your just another lib-tard who can'nt understand logic and reason. 1st: In early North America there were around 200 native indian tribes, many which where at war with each other befor the European settlers arrived. Not to mentionmuch of the land was purchased from the indians not stolen and many of your natives where friendly with their newly arriving citizens even helping defeat the Brittish in the revolutionary war.....
@ericlebo By using 'lib-tard' you showed you got emotional due to your conditioning by school and TV or maybe something else. I'm not denying there was peaceful co-living. It's like living with the tiger who will not eat you until it gets hungry. It may not be obvious but as time goes by one would see the results. That is what matters. How many natives are there now?
@toto20091 .....continued 2nd: Capitalism is not a system of governance. It is a way of conducting buisness and protecting your own wealth. Something that early Americans understood and believed that any system of governance should do very little to get involved in peoples personal affairs including ECONOMICS. Capitalism will allways exist. When goverments create legislation to govern economics it will only force the free minded entrepreneurs to the black markets.
@ericlebo Capitalism is not a system of governance, really? Do you think it is you who establish the laws? It is mostly corporations, i.e. capitalist entities. You look at government but do not notice the other side who controls them. Why the rich people want to go to politics? Why are they lobbying? Do good to the people? So far I saw only to protect/expand capital/profits.
@toto20091 Like I said you are incapable of understanding logic and reason. Stop worrying about what corporations and rich people do with THEIR wealth. It's not YOURS. Also for your imformation I don't approve of lobbying of corporation no more then I approve of lobbying by LABOR UNIONS.
Instead of saying why don't you take it by yourself, I would provide any link to information that proves your theory.
If you just want to feel right and the rest are wrong, then let me know I won't waste my time.
I keep talking to you to see your view point and give feedback so you can provide more points of yours or suggest some idea. My goal is a dialog, not arguing.
As for worrying about rich people and their wealth. Well, as we know power corrupts (at least in this world as we know it), that means people should be vigilant to prevent others (especially rich ones) abusing this power.
Examples:
* Standard technique to move debt from private bankrupt companies (means loss to some rich people) onto government, i.e. taxpayers that will pay in full over the years (Iceland, US and the whole EU now, not mentioning Ukraine, Latvia).
Right now only internet has some freedom that is under threat, the threat not from government, 'cause it is just a tool, but some rich people who needs the same control they have with TV and newspapers. Or maybe rich people is another tool of some other force.
I can see some similarities between things in this world. Take a look at human body. All members work collaboratively performing their function. The body lives well until some cancer cell decides to do what it wants without regard to others. Either the body dies or cancer cells are removed. The same is with present society. The capitalism will die if it will not do good to the rest of people or will progress without regard to the people. The same can be said about socialism.
So, here we come to the point maybe it is not the idea that is wrong, but the people who abuse it, because some other people are ignorant while watching TV and playing computer games.
@ericlebo P1: Interesting you used this term Libtard. Sorry, it is not my native language, but I'm learning. I found def.:tinyurl(DOT)com(SLASH)4rx9vz
Basically it defines: "...The most idealistic libtard envisions a time when science/technology and Socialism will eliminate all poverty... Because they deny the facts about human nature... The reality that people have different initiative levels, are basically selfish, and often work for their own interests before helping others..."
@ericlebo P2: I'm not denying the human nature and perfectly aware of it. My goal is to control mine. The opposite view in that description of Libtard is that you cannot do anything with dark side of the human. IMO, it is somewhat psychopathic point of view and since it is Urban term, it reflects the current state of the society where it appeared, which means that psychopaths rule the US right now. That explains why true capitalism was never accomplished. What do you think?
I agree with Shroomn2hi and have wondered for a while now why countries don't inplement a plan of debt cancellation. Surely an awful lot of debt could be cleared this way, though I'm sure the bankers would laugh and say its a stupid idea :)
@philliplove Dude it IS a STUPID idea. How 'bout we take everything you have and give it to someone else who has done nothing to deserve it. Does that sound OK to you?
Wait... Spain owes Italy 41B; Italy owes Spain 27B. Why dont they just cancel out the balance, then Spain would just owe Italy 14B. Interest is being paid unnecessarily on 68B of debt, instead of just 14B.
In fact, this is true for many other countries. How can everyone be in debt to each other? Something is ROTTEN, and the profiteers from this nonsense can only be the Rothschilds and their bankster buddies.
@Shroomn2hi Well, good thinking, but let's not forget the "market makers", currency speculators, short side traders, petro-financiers, petro-zombie investors, and their co-conspirators, the politicians, bureaucrats & We the Sheeple.
@Shroomn2hi You've stumbled on the the law of accounting. The sum of all surpluses is equal to the sum of all deficits. But you've come up with completely the wrong conclusions. Keep trying.
@Shroomn2hi Your post reminds me of a comment a work collegue used to make to me when I'd occasionally rant about screwy business processes: "There you go, trying to make sense of things again." ;-)
@Shroomn2hi My guess would be that different departments within the respective governments have lent money to each other, so the money is all tied up in a bureaucratic mess. It's not as simple as Italy owing spain and vice versa.
Governments are essentially ponzi schemes, extortion rackets and often counterfeiting rings all mixed together. They build up massive debts which they attempt to pay off by taking on more debt, stealing from people and printing money.
@Rojahon That is why we need to vote in those who want to downsize Government. Reducing the size and scope of Government is the only way to control the sleaze that waste our money. The problems with all these Countries is to Big Of Government.
@quizerry I don't think it's possible to vote down the size of the government. There are far too many invested interests. Cutting a social program means firing government workers who are unionized and denying recipients of the program their "right." It's not an easy thing to do.
Before we take on the wonderfully new concept *sarcasm* of downsizing government, I want you to go to your local mafia & infiltrate it to make it a charity. If you pass, then you just might have a .000000002% chance of accomplishing the outrageous task you claim must be done. Oh my, it's so simple! Vote to have our liberties restored! AKA: Beg & plead to the most sleazy, corrupt, & morally repugnant people! Those that society has given a monopoly on violence to. Smart criminals are the govt.
@Shroomn2hi Because loans are different and not all the same and with different interest rates. That is very simple. How does this question get upvoted?
Because it's not just the goverments that ow each other, it's private banks etc that are owed money.
how would you like it if someone owed you money but your country suddenly said to the other party nha it's ok you don't have to pay this it's all good.
@myndecho - All of you people talking about third parties are out of order. When the news says "Italy owes Spain" etc, unless there is some obfuscation, it should mean their respective gov'ts, NOT private sector Italian Bank A borrowed from private sector Spain Bank B, or John owes Sue. That analogy is simply retarded. That is private and should not be part of the equation. If the debt being talked about is gov't to gov't, irrespective of department, the debt should be cancelable.
@Shroomn2hi Don't goverments have to pay back to there reserve which in turn supports there banking system which is private in america and they need that money in there budgets so really it's a big circle and it is so corrupt,there is no money because everyone is living outside there means in debt and the banks can't fail because then it would all fail and it will fail.It is a terribel system that is all for the rich,they nned to change it but it will anyway because things are bad for all.
i hear abbott and costello laughing
acosmicvagrant 1 day ago
YoMatie all right mate.
yomatie 3 days ago
Well, the answer is: The Fed is siphoning off the American public's money to the Europeans, impoverishing everyone from Greece to Georgia.
thebigwedding 3 days ago
Yeaaah terriffic!
TelfLad 1 month ago
Very good way of putting across the truth, I love it
AdversaryOfRome 2 months ago
sooo cool !
suened 4 months ago
this vide☼
is headlined at
davidicke . com/headlines/53637
-in-europe-fiscal-insanity-erupts-as-bankrupt-nations-scramble-to-bailout-other-bankrupt-nations-
vastell 4 months ago
Germany is far, FAR from being broke.
gangzw 4 months ago
@gangzw dreaming?
cle4d 4 months ago
@cle4d Germany has one of world's largest current account surpluses. So no, I'm not dreaming. Germany is just living within its capabilities and is giving out cash to the likes of Greece who don't bother doing that.
gangzw 4 months ago
@gangzw That naivety is cute. Speaking of nation-states of a larger "union" instead of the International Banking Cartels and THEIR central banks.
pjmyou 3 months ago
Fred Dagg Yeah !!
brucey39 4 months ago
Love it!
green9832 4 months ago
Welcome to to the apocalypse.
slamhead 7 months ago
I got a great IDEA! Lets blame the idiot Americans for a global economy collapse, and pretend that there was absolutely no way our own countries could have forseen that putting all our ships in one port might not have been as great an idea as it sounded when our own ministers of finance pitched it to us. Especially when that one port was proverbially "bombed" sinking all our own ships in the process.
DAMN those Yanks!
dragonspitt 7 months ago
brilliant
jellybean2626 7 months ago
Correct!
aragee 8 months ago 5
Coming soon to the USA thanks to Obama & his stooges.
dlsofsetx 9 months ago
@dlsofsetx
Wasn't Dubya Prez when the banks screwed us?
kwacka222 9 months ago
@kwacka222 Most of this occured because of Fannie & Freddie almost giving houses away,staring with laws paased by that peanut farming putz in 1977.When there were questions about the stability of these loans in the Bush43 Administration,Crass Dudd & that mushmouth faggot Bahney Fwank did all they could to stop any inquiries into said stability.
dlsofsetx 3 months ago
@dlsofsetx
Sorry to question your opinion with mere facts, but it was Prez Dubya when the banks screwed us.
kwacka222 9 months ago
@kwacka222 Thanks to the idiot Americans who allowed Bush to slide into the presidency. Republitards, every one.
xjlmt 7 months ago
@xjlmt Yep. And now everyone is blaming Obama for raising the debt, like they have a choice. You need to cut spending AND take more in with taxes, especially from rich people. It's kind of hard to enjoy your million dollar mansion when the infrastructure will fall around it. I remember watching Clinton talk just after Bush got the first term started, and why those tax cuts won't work for a second. He was spot on with everything he said. Bring Clinton back!
75samuel75 6 months ago
Hug the bankers, kings and queens;
squeeze them hard, until they die.
memorizable2020 10 months ago
Vastly oversimplified, but it'll do for 99% of you.
memorizable2020 10 months ago
abc .net. au /7.30/ clarkedawe.htm
without spaces
therubicon 1 year ago
3 people will be sobbing and rambling in a padded cell with a tub of peanut butter and a copy of basic economics by David Adams in a couple years.
WarrivarNeo 1 year ago
stupid aussies!
zillsburyy 1 year ago
@zillsburyy coming from the yank
MrShrimpies 1 year ago
(Mat 6:19-21) "Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. {20} But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. {21} For where your treasure is, there your heart will be also.
hicksi61 1 year ago
The Irish people should be taking note of this video - it explains how they are getting 'bailed out' by broke ecconomies - the additional money is printed from thin air by international bankers and the way it will eventually be paid back is through the complete stripping of assetts - everyones house keys will be handed over in the end - thats the only way it can end - how many people really understand that this is no joke and I have not even mentioned what they will do to the people that remain!
TREACLE97 1 year ago
Well that cracked me up, the best part it's all true. I know one guy that's going to be laughing all the way to the bank, the bank owner. the Big Kahuna him self, Mr my personal wealth is more the half of the world total GDP owner of the WB, IMF, BIS global banks, I'm a Jew even do i'm not, The Rothschield global cartel banking family... David De Rothschield.
Canuckism101 1 year ago
It's big mess and inflation will become high as from 2012 like in the early eighties.
rberding 1 year ago
Its funny because its true..
h4tchetman 1 year ago
The biggest part of debt is not China but the hens guarding the chicken house i.e. the Federal Reserve which is a private entity controlled by a handful of the largest banks (Citi, JP Morgan Chase et al). It's analogous to the "house" in a gambling casino determining the percent take. The Feds determine financial policy through interest rates then influence political leaders to insure they get paid back when the SHTF while most main street folks get taken coming and going.
majik2hanz 1 year ago
"because they're owned by China" - how true.
hjgrsbdt 1 year ago
Capitalism Fail across the board lol.
MasterAdam100 1 year ago
Comment removed
brycspain 1 year ago
@brycspain lol fucking money.. HOW DOES IT WORK??? MIRACLES!!!!
Kroenen117 1 year ago
@MasterAdam100 This has nothing to do with Capitalism. It's when the government interferes with the free market and over-spends. What part of the Capitalism economic model tells the government to lend money they don’t have to other economies that can't pay it back?
brycspain 1 year ago
@brycspain The free market is non existent because corporations and private interests rule the market with no regards to inflation and ruling monopolies. The closest you'll get to a free market is in an Anarchist community.
MasterAdam100 1 year ago
@MasterAdam100 You're saying private industries and banks are causing this and there is no government involvement? Why would a private bank in one country lend money to a private bank in another country with no possibilty of getting the money back? Now obviously there are no totally free markets but it's not communism either.
brycspain 1 year ago
@brycspain Your right, it's a multitude of other things too. And the governments of these countries did make it worse but not regulating enough and letting bankers run around like wild teenagers with their parents credit card. And the citizens were so used to the high life they thought nothing could go wrong. Like how Americans spent in the 1920's.
MasterAdam100 1 year ago
@brycspain It is ALL to blame trying to say that the fed did'nt play a part or that the banking sector did'nt play a part is like looking at one part of a huge problem surely it should start at the top with the fed being more open about who ouns the fucking thing.That is so fucking corrupt just to start it off,banks protecting banks while the governmenet needs the cash that comes in from it.It is a terribel system totally unworkable in the future,we need something new.
RussMaxable 1 year ago
"...becuase the US economy is much more stronger than the european economy... " "correct!... and why is that roger?" "...becuase its owned by china!!!!!" exacte moi!
LilJazzer1 1 year ago
It reminds me of a modern day abbot and costello....
NGBiffleFan 1 year ago
usa is weaker..
tlndofa 1 year ago
If ya can't change it might as well laugh at it!
ShefBill 1 year ago
As usual GENIUS. Ha. Ha Ha
CaptainCook1778 1 year ago 9
"THAT'S WHAT I'M ASKING YOU!!!" "correct" LOL 2:07
ThePowerGeek 1 year ago
This comment has received too many negative votes show
Capitalism is a failure!!!! I have watched these guys for years and they surely know how to make a dark side seem funny! Capitalism is a pyramid scheme in where the rich get richer and poor get poorer, and when the wheel stops turning, which would have stopped here in oz if it wasnt for the mining sector, you will see mexicans bypassing the US border and going straight to Canada!!!! LOL, thats how good the US economy is going!
ozzieustasa 1 year ago
Socialism is ludicrous in theory.
Fetchdafish 1 year ago
@Fetchdafish
Oligarchy is even more.
DarkMonkArt 1 year ago
At the end of the 15th century, the Spanish wanted to investigate the source of their misery, it was found that the Jews had brought to them all the money in countries through manipulation trade and usury. There were in Spain 150 000 men of that foreign nation so odious and so greedy. Voltaire
alfredomafioso 1 year ago
the fact that the video Justin Bieber - Baby ft. Ludacris has 195,960,777 views at this moment in time compared to the 151,639 views of this economically relevant and socially important video makes me want to puke all over my keyboard
ddalapp 1 year ago 97
@ddalapp I think that each generation gets the freedom they deserve.
bertly71 1 year ago
@ddalapp Well said Buddy !! and I DID puke on my keyboard !! wtf is wrong with this world ?!
PiMagh 4 months ago
I Will Now Answer The Trillion $ Question...
1:18 "Where are they getting the money to do that Rodger?"
- From the IMF, via the U.S. Taxpayers, on behalf of
money borrowed from China, in the name of our
so-called 'Leaders', w/ 'America' as collateral,
that will NEVER be repaid...
- Thank You, Thank You,
I'll take my Nobel Peace Prize in mathematics by UPS
Thank You, Thank You...
ThirdPartyGuiltTrip 1 year ago 2
@ThirdPartyGuiltTrip better ask for your medal and prize money to be fedex'd, UPS is getting bailed out too by the US GOV.... just thought you should know.
BlackJacx1 1 year ago
@BlackJacx1 That's funny. I was just
remembering that right after it hit 'Post'. Ha ha..
You should get a 'Prize' just for pointing that I
out, i hear they just give 'em away to ANYBODY
these days. Fuck the Prize! I want the 500K Cheque!
ThirdPartyGuiltTrip 1 year ago
HA! Brilliant!
juliganp 1 year ago
money isn't real.
TrojanJesse 1 year ago 2
Just so you guys realise, these 2 are a pair of satirists that have been conducting mock interviews since 1989, this is just a bit of Australian satire, albeit with some background truth :P
jordan18291 1 year ago
@jordan18291 Yes, I don't know this guys, but I think they're allright...as comediants! I love british humor, and from Australia the mythical "Comedy inc", the only australian comedy I know, unfortunatelly, but, man, I just loved it). But someone thinking that this may be serious, that's even frightening...!!
Aernuss1 1 year ago
Foreign trade deficit and government spending deficits make up only a small portion of national debt. They are crucial factors only in that they affect the governments ability to cover the INTEREST on the debt to the central bank.
ALL MONEY is debt. If a country paid back all its debt to the central bank there would be no money in the economy.
jjhugo 1 year ago
National debt consists mainly of indebtedness to the home nations central bank, not to other national economies. How else could ALL countries be in debt at the same time. This great skit can be expanded to all countries, they are all in debt - and the creditor is the PRIVATE central banking cartel. In the eurozone the issue is clouded by the division into regions (separate credit ratings), however, the real debt is to the European Central bank.
jjhugo 1 year ago
This has been flagged as spam show
Jesus and Mary speak in our times -
Search Google for "i share these words"
Believe6490 1 year ago
AWESOME!
8n4n08 1 year ago
Hooray for Fred dagg
brucey39 1 year ago
LOL Thumbs Up.
Lindasufos 1 year ago
BRILLIANT
gwellyn2 1 year ago
Come on people! You can't be serious!! Some guy asked people to see this vid in another discussion about the EU, I though it was something real. This is pure comedy! And, as far as I get it, is really intended to be comedy! Is there people that can quote this video as a valid argumentation against EU?!! Grow up! And AUSTRALIANS??!!!! Get lost.
Aernuss1 1 year ago
Mike Church has made this the one of the openings for one of the hours of his satellite radio show in the USA!
He's in love with these 2 men!
therubicon 1 year ago
@therubicon CORRECT
ericlebo 1 year ago
Socialism is the myth that two people can live off each other indefinitely without either of them doing any work.
KXKKX 1 year ago
@KXKKX That isn't what socialism is at all. In a socialist society you still need to work, however instead of businesses being run by private enterprise (corporations), they're run by the people and the employees of that business divide the profits equally among themselves.
Deltaego 1 year ago
@KXKKX That is a typical redneck assumption, proper of someone who's name is KKK, with an X in the middle to disguise it. Why is that everybody who vilify the EU must be from the USA or Australia?! You rednecks would love to see Europe sinking, wouldn't you? That's why you repeated now the 29 act? Well, we have news for you: EUROPE WILL SURVIVE EVERYTHING, and what doesn't kill us, will make us stronger. Now, save that american fascist cheaptalk to your dog redneck.
Aernuss1 1 year ago
@Aernuss1 You know nothing of Australia and you call us red-necks, who's the red-neck now you fucking red-neck.
8n4n08 1 year ago 2
@8n4n08 Well I think that will be you, since I was refering to USA when I used the term "redneck" (a term of endearment we use for our american friends, here in Europe), and the only time I mentioned the name Australia, I thought it was pretty obvious that I used it in the sense of "what authority have an australian to speak about the EU?" Besides, judging for this video, I know better Australia than you know Europe... So, son, I think you just missed an good opportunity to be quiet... redneck!
Aernuss1 1 year ago
The Germans will bail europe out..
lostsheep01 1 year ago
this clip was just shown on the fox channel glenn beck show and its final outcome can only be what always happens when calamity occurs...war
hombre38 1 year ago
OMG its so sad when you can't stop laughing, and its all true.
Lithonion1 1 year ago
Sad but True
heybarsot 1 year ago
oh, Roga, Roga, Roga.....
almostnuclearwar 1 year ago
WOW
playaboy22 1 year ago
The EU is such a JOKE !!
KB3MMX 1 year ago
I lol'd and now everyone is giving me funny looks. "Ahaha.. oh.. its just... video... the internet... yea"
xRawlins 1 year ago
We're screwed in plain english.The eu project can't last and won't.Only the jewish banking dynasties will gain.Ohhhhhh wel
james1982lancs 1 year ago
@james1982lancs What? Jews are the only ones smart enough to get into banking?
We've all got problems. Let's take responsibility for our own problems and stop blaming the Jews for everything. How can 0.3% of the world's population be responsible for 100% of the world's problems? Is the other 99.7% not smart enough to fix anything?
IWannabeJew 1 year ago
@IWannabeJew No the jewish banking houses such as the rothchilds dynasty are not smart there leaches they profit of people's misery.With there view of non jews as yids or (slaves).
james1982lancs 1 year ago
@james1982lancs Uhhh, a "yid" is a Jew.
IWannabeJew 1 year ago
J'adore ce genre d'humoriste qui passe des messages importants tout en étant hilarant.
I just love these kind of humorist who passes important messages while being hilarious.
please forgive my english...I'm french...thank you
¨Batc@t^ ^v^
Batcat1313 1 year ago
Comment removed
jmariacanyelles 1 year ago
Spain is an insustainable state, from its begining 4 centuries ago. They dont know what productive economy means. They have been surfing on the american gold during centuries. These last decades: from German and Catalan money. Now the Catalans want to be independent again. And Europeans begin now to understand the spanish way of living spending money from other nations.
jmariacanyelles 1 year ago
I got an idea. It's the most commonly used method to fixing all of societal problems! Let's give a few people a bunch of guns to force us to be virtuous and giving! Maybe it will work this time. Oops, maybe it'll work this time......OOPS! Just maybe it'll work.......
nocturnalc 1 year ago
there is NOTHING we can do except sit around and talk about the problem. nothing at all.
aotilt 1 year ago
@aotilt How about grow intellectually and talk to each other about why there is no virtue in government. Growing out of statist societies is the next step. Not arguing from effect, but from principles. There is plenty of evidence through the whole of history to show you where giving a monopoly on violence to a select few sociopaths brings you. There are smart, virtuous, capitalistic-minded people that can figure out free market ways of dealing with roads, pollution, & the occasional scam artist
nocturnalc 1 year ago
Fear GOD who hath power to cast you into HELL(Luke 12:5)! Fear God and depart from evil(Proverbs 3:7)! God is ANGRY with the wicked everyday(Psalm 7:11)! Jesus Christ is the WAY, the TRUTH, and the LIFE, there is NO OTHER WAY to be saved(John 14:6)! For God did not send His Son into the world to condemn the world, but that the world through Him might be saved(John 3:17)! TURN FROM YOUR SINS AND SUBMIT 2 THE LORDSHIP OF JESUS CHRIST NOW! DON'T BOAST OF HAVING TOMORROW! Proverbs 27:1
over9000christian 1 year ago
@over9000christian This is why each generation gets screwed up. Religious & statist propaganda thrust into the minds of mentally and physically abused children. Most parents do the dirty work of the state by perverting the minds of the children with garbage. They don't even realize that they are the ones keeping the chains on. The key is philosophy, virtue, rationalization, and most importantly truth. Truth above family & friends will be a watershed moment for society.
nocturnalc 1 year ago 3
@nocturnalc Did you read the work of Alice MIller about the roots of violence?
bestiaccia 1 year ago
The European Union is a prime example of why democracy is also a failed system. Nobody has any real money, it's a fucking world-wide scam, countries loaning to each other in an endless fuck cycle.
yoops 1 year ago 3
@yoops There are so many things wrong with this statement:
1) The EU is not a state and not a democracy.
2) What does lending money have to do with democracy?
3) Because you don't know much about how the bond-markets work why does that make them a world-wide scam?
Mesterse 1 year ago
this is either very enlightening. or the greatest british comedy since monty python's election special sketch.
onvogmasaj 1 year ago
@onvogmasaj Australian, not British
Rajasic108 1 year ago
@Rajasic108 ;)
onvogmasaj 1 year ago
LOL
funniest vid i seen in a long time...
thor9754 1 year ago
A++!
chris3443 1 year ago
@chris3443 "A++"???
This is youtube, not eBay!
zo1dberg 1 year ago
This is blasphemy!!!! Pure ownage.
DaveDoggOwns 1 year ago
"Europe, thy name is Islam."
RupertBuzzcock 1 year ago
the slight of hand thingy is that if they all own to each other, THEY DONT OWN NOTHING. second: all the debt is made out of thin air
escobari 1 year ago
They didn't answer or ask why the squeeze is being put on Greece when it owes less than other Euro countries. But thankfully they did ask the Q's that leave that question hanging in our heads, so let's give it some air, eh.
reforest4fertility 1 year ago
download this before the CFR takes it down
exaurius 1 year ago
Socialist is not bad, if you have a large population, india, china has a large population to feed and cloth. Population is a strength.
prass7 1 year ago
The result of the leftist SOCIALISM and IMMIGRATION in Europe = Bankrupt Europe.
Odenkay 1 year ago
Europe is just fucked.
PsychoSpiritomb 1 year ago
damn crackers. where's chappelle when you need him. OOGIE, BOOGIE!
danthemankandy 1 year ago
ROFLMAO!!! OMG! This is hilarious!
Lightmane321 1 year ago 2
LOL. Love it. The million dollar question: how can a broke economy lend to another broke economy?
wifferste 1 year ago 2
So... I owe the thimble $5000 for landing on Boardwalk with a hotel...but thimble owes top hat $5200 for landing on Marvin Gardens, and PA with houses/hotel... and top hat owes me $3600 for other things... wait wait wait... banker is going back to Parker Bros. to get more Monopoly Money... it'll all be okay once that arrives... Time to start making $1000 bills out of tin foil (damn inflation!)
r7n7 1 year ago
A few having everything, and the most having nothing, works better for you. right?
Look around DaveNeal, from schools to military are socialistic.
reeferisme 1 year ago
@reeferisme The Military is supposed to be under the federal government's control. It's in the Constitution. Nothing "socialistic" about the military at all. The public schools are chaotic cesspools of liberal ideology and laboratories for experiments in social engineering and academic mediocrity. The federal govt. needs to get their paws out of it and return the responsibility of taking care of schools to the communities in which they reside...or scrap public schooling altogether.
miazagora 1 year ago
philliplove -
I'm tempted to simply mock you, but maybe it's better if I ask you a question...
WHOM precisely, do you believe this debt is owed to? By "this" debt, I mean the debt of whichever country you like.
Are you quite certain that the debt isn't owned by citizens, especially older citizens and retirees, who are counting on it to be a safe investment? Or do you just believe that all the money is owed to banks, and bugger them anyway?
That was three questions, wasn't it? Terribly sorry.
EchoTangoSuitcase 1 year ago
So what if there was no money, and everything that humans didnt want to do was automated. Would we need money?
notonome 1 year ago
"The problem with socialism is, eventually you run out of other peoples money. " Margret Thatcher
ericlebo 1 year ago 35
@ericlebo that's one of the stupidest things.. i've read
chaser107 1 year ago
@chaser107 How is it stupid? Just because you don't agree doesn't make it stupid.
ericlebo 1 year ago
@ericlebo no, not because i don't agree.. it's like science and fact.. it's not open to debate without argum.. oohh why do I bother..
chaser107 1 year ago
@chaser107 Well the fact, is socialisim is taking wealth from one group of individuals and giving it to some lazy bastard who has no or little wealth. Ans yes you don't want to open it up to debate because you know. I am right.... AND YOU ARE WRONG! Thats the end of subject.
ericlebo 1 year ago
@ericlebo CORRECT !!
KB3MMX 1 year ago
@ericlebo Why is the top rated comment is a right wing Margret Thatcher quote when it's right wing economic policies that caused this mess?
torleifw 1 year ago
@torleifw Do you even know what right wing policies are? No right wing policies did not cause this mess. Right wing policies does NOT include the theft of private wealth and poperty to give to a bunch of lazy zombies who think they are entitled to have the large government machine pay for all their basic needs.
ericlebo 1 year ago
This has been flagged as spam show
@ericlebo You're right when the "Right wing policies does NOT include the theft of private wealth and poperty to give to a bunch of lazy zombies who think they are entitled to have the...government...pay for all their basic needs". Right wing policies include theft of private wealth to make the wealthy wealthier, and people who cannot afford the basics of living, and then call them, "a bunch of lazy zombies who think they are entitled to have the...government...pay for all their basic needs."
choujikuu 1 year ago
@choujikuu Just keep dinking that liberal kool-aid. "Oh the rich replubicans keep getting richer from the poor." Your ignorance on right wing policies is not only typical liberal B.S. but comical. I got news for you. Socialist, Marxist, libtards, DONT GIVE A DAMB ABOUT YOU. They belieive their socialist policies only apply to everyone else, but for they themselves who are advocating for the socialist policies.
ericlebo 1 year ago
@ericlebo You do know that there are a lot of people who are poor despite working hard, and there are most of the rich who are the actual lazy bastards, right? Mostly, because those lazy bastard inherited their wealth, and are smart enough to not spend it all, but they still spend enough to flaunt their wealth, but still never work a day in their lives.
choujikuu 1 year ago
@choujikuu Yes there is alot of lazy rich bastards out there. They are the so called liberal elite (psuedo intellectuals) or the bourgeois aristocracies. These are the ones that are usually advocating for socialism or some sort of pseudo socialism. Thinking it will never apply to them, that they can alway opt out of it. And yes... the reason why you have hard working people who can never seem to rise far above poverty is because these lib-tards continue to insist on pulling up the ladder.
ericlebo 1 year ago 2
continued.... Knocking down anyone who tries to climb up the ladder back down to the ground.
ericlebo 1 year ago
@ericlebo The same applies to the current model of capitalism, but you never run out of money as long as there is taxpayers money
toto20091 1 year ago
@toto20091 Actually true capitalist believe wealth is the personal property of the individual, in which one earns. Socialist believe wealth is the property of the state only lent in trust to the idividual. Even here in the U.S. we don't really have a true capitalist society at least not with in the last 100 years. You could say, that we have pseudocapitalism. True capitalist when burdened with the greed of an over growing bureaucracy, will go John Galt and take their business underground.
ericlebo 1 year ago
@ericlebo I don't think there was ever true capitalist society.
How do you know what true capitalist believes?
toto20091 1 year ago
@toto20091 A capitalist is someone who believes the capital that he or she produces is their own personal property and has control of it.
This Union of States AKA: The American Experiment started out with true capitalist beliefs. That is untill 1913 when it created the federal reserves and made the income tax permanent.
ericlebo 1 year ago
@ericlebo America started from wiping out native population, stealing their land, then slave labor and this picture everywhere in the history of all countries. On this base it is impossible to make true capitalism if this state can ever be accomplished. IMO, this is not a good direction. As long as corporations are interested in profit margins it will keep people suffer. If system is built on the goal of growing capital indefinitely, it will fail sooner or later.
toto20091 1 year ago
@toto20091 This last statement you just stated proves that your just another lib-tard who can'nt understand logic and reason. 1st: In early North America there were around 200 native indian tribes, many which where at war with each other befor the European settlers arrived. Not to mentionmuch of the land was purchased from the indians not stolen and many of your natives where friendly with their newly arriving citizens even helping defeat the Brittish in the revolutionary war.....
ericlebo 1 year ago
This has been flagged as spam show
@ericlebo By using 'lib-tard' you showed you got emotional due to your conditioning by school and TV or maybe something else. I'm not denying there was peaceful co-living. It's like living with the tiger who will not eat you until it gets hungry. It may not be obvious but as time goes by one would see the results. That is what matters. How many natives are there now?
Also, please take a good read the facts on wiki:
tinyurl(DOT)com(SLASH)4a82lj
toto20091 1 year ago
@toto20091 Why don't you take your own advice and look up the facts yourself?
ericlebo 1 year ago
@toto20091 .....continued 2nd: Capitalism is not a system of governance. It is a way of conducting buisness and protecting your own wealth. Something that early Americans understood and believed that any system of governance should do very little to get involved in peoples personal affairs including ECONOMICS. Capitalism will allways exist. When goverments create legislation to govern economics it will only force the free minded entrepreneurs to the black markets.
I am right and you are wrong.
ericlebo 1 year ago
@ericlebo Capitalism is not a system of governance, really? Do you think it is you who establish the laws? It is mostly corporations, i.e. capitalist entities. You look at government but do not notice the other side who controls them. Why the rich people want to go to politics? Why are they lobbying? Do good to the people? So far I saw only to protect/expand capital/profits.
toto20091 1 year ago
@toto20091 Like I said you are incapable of understanding logic and reason. Stop worrying about what corporations and rich people do with THEIR wealth. It's not YOURS. Also for your imformation I don't approve of lobbying of corporation no more then I approve of lobbying by LABOR UNIONS.
ericlebo 1 year ago
@ericlebo Part 1
Instead of saying why don't you take it by yourself, I would provide any link to information that proves your theory.
If you just want to feel right and the rest are wrong, then let me know I won't waste my time.
I keep talking to you to see your view point and give feedback so you can provide more points of yours or suggest some idea. My goal is a dialog, not arguing.
toto20091 1 year ago
@ericlebo Part 2
As for worrying about rich people and their wealth. Well, as we know power corrupts (at least in this world as we know it), that means people should be vigilant to prevent others (especially rich ones) abusing this power.
Examples:
* Standard technique to move debt from private bankrupt companies (means loss to some rich people) onto government, i.e. taxpayers that will pay in full over the years (Iceland, US and the whole EU now, not mentioning Ukraine, Latvia).
toto20091 1 year ago
@ericlebo PART 3
* Buffet manipulated silver prices with the 'club' to have a safe trade (read what Martin Armstrong writes).
* Iraq war is about oil and power of oil companies led by rich people.
* Once one touches rich people, the unstable situation is imminent (Iran 1953, Venezuela 2000, Iraq 1991 and before).
* US TV is monopolized by rich people that now control what people think.
* Print press has the same problem
* Book publishing has the same problem.
toto20091 1 year ago
@ericlebo Part 4
Right now only internet has some freedom that is under threat, the threat not from government, 'cause it is just a tool, but some rich people who needs the same control they have with TV and newspapers. Or maybe rich people is another tool of some other force.
toto20091 1 year ago
@ericlebo PART 5
I can see some similarities between things in this world. Take a look at human body. All members work collaboratively performing their function. The body lives well until some cancer cell decides to do what it wants without regard to others. Either the body dies or cancer cells are removed. The same is with present society. The capitalism will die if it will not do good to the rest of people or will progress without regard to the people. The same can be said about socialism.
toto20091 1 year ago
@ericlebo PART 6
So, here we come to the point maybe it is not the idea that is wrong, but the people who abuse it, because some other people are ignorant while watching TV and playing computer games.
toto20091 1 year ago
@ericlebo P1: Interesting you used this term Libtard. Sorry, it is not my native language, but I'm learning. I found def.:tinyurl(DOT)com(SLASH)4rx9vz
Basically it defines: "...The most idealistic libtard envisions a time when science/technology and Socialism will eliminate all poverty... Because they deny the facts about human nature... The reality that people have different initiative levels, are basically selfish, and often work for their own interests before helping others..."
toto20091 1 year ago
@ericlebo P2: I'm not denying the human nature and perfectly aware of it. My goal is to control mine. The opposite view in that description of Libtard is that you cannot do anything with dark side of the human. IMO, it is somewhat psychopathic point of view and since it is Urban term, it reflects the current state of the society where it appeared, which means that psychopaths rule the US right now. That explains why true capitalism was never accomplished. What do you think?
toto20091 1 year ago
I agree with Shroomn2hi and have wondered for a while now why countries don't inplement a plan of debt cancellation. Surely an awful lot of debt could be cleared this way, though I'm sure the bankers would laugh and say its a stupid idea :)
philliplove 1 year ago
@philliplove Dude it IS a STUPID idea. How 'bout we take everything you have and give it to someone else who has done nothing to deserve it. Does that sound OK to you?
DaveNeal12 1 year ago 6
Wait... Spain owes Italy 41B; Italy owes Spain 27B. Why dont they just cancel out the balance, then Spain would just owe Italy 14B. Interest is being paid unnecessarily on 68B of debt, instead of just 14B.
In fact, this is true for many other countries. How can everyone be in debt to each other? Something is ROTTEN, and the profiteers from this nonsense can only be the Rothschilds and their bankster buddies.
Shroomn2hi 1 year ago 37
@Shroomn2hi
You have just discovered how fractional reserve central banking works.
TheMetalPerson 1 year ago
@Shroomn2hi
That is right, don't forget Goldman as well!
scivanpoon 1 year ago
@Shroomn2hi Well, good thinking, but let's not forget the "market makers", currency speculators, short side traders, petro-financiers, petro-zombie investors, and their co-conspirators, the politicians, bureaucrats & We the Sheeple.
mlmonterey 1 year ago
@Shroomn2hi maybe you should come down off the shrooms before you try and comment on international finance?
redc1c4 1 year ago
@Shroomn2hi You've stumbled on the the law of accounting. The sum of all surpluses is equal to the sum of all deficits. But you've come up with completely the wrong conclusions. Keep trying.
christianwilliams365 1 year ago
@Shroomn2hi Your post reminds me of a comment a work collegue used to make to me when I'd occasionally rant about screwy business processes: "There you go, trying to make sense of things again." ;-)
Tigerpaws9097826 1 year ago
@Shroomn2hi My guess would be that different departments within the respective governments have lent money to each other, so the money is all tied up in a bureaucratic mess. It's not as simple as Italy owing spain and vice versa.
Rojahon 1 year ago
Governments are essentially ponzi schemes, extortion rackets and often counterfeiting rings all mixed together. They build up massive debts which they attempt to pay off by taking on more debt, stealing from people and printing money.
Rojahon 1 year ago
@Rojahon That is why we need to vote in those who want to downsize Government. Reducing the size and scope of Government is the only way to control the sleaze that waste our money. The problems with all these Countries is to Big Of Government.
quizerry 1 year ago
@quizerry I don't think it's possible to vote down the size of the government. There are far too many invested interests. Cutting a social program means firing government workers who are unionized and denying recipients of the program their "right." It's not an easy thing to do.
Rojahon 1 year ago
Before we take on the wonderfully new concept *sarcasm* of downsizing government, I want you to go to your local mafia & infiltrate it to make it a charity. If you pass, then you just might have a .000000002% chance of accomplishing the outrageous task you claim must be done. Oh my, it's so simple! Vote to have our liberties restored! AKA: Beg & plead to the most sleazy, corrupt, & morally repugnant people! Those that society has given a monopoly on violence to. Smart criminals are the govt.
nocturnalc 1 year ago
@Shroomn2hi Because loans are different and not all the same and with different interest rates. That is very simple. How does this question get upvoted?
Mesterse 1 year ago
@Shroomn2hi
Because it's not just the goverments that ow each other, it's private banks etc that are owed money.
how would you like it if someone owed you money but your country suddenly said to the other party nha it's ok you don't have to pay this it's all good.
myndecho 1 year ago 8
@myndecho - All of you people talking about third parties are out of order. When the news says "Italy owes Spain" etc, unless there is some obfuscation, it should mean their respective gov'ts, NOT private sector Italian Bank A borrowed from private sector Spain Bank B, or John owes Sue. That analogy is simply retarded. That is private and should not be part of the equation. If the debt being talked about is gov't to gov't, irrespective of department, the debt should be cancelable.
Shroomn2hi 1 year ago
@Shroomn2hi Don't goverments have to pay back to there reserve which in turn supports there banking system which is private in america and they need that money in there budgets so really it's a big circle and it is so corrupt,there is no money because everyone is living outside there means in debt and the banks can't fail because then it would all fail and it will fail.It is a terribel system that is all for the rich,they nned to change it but it will anyway because things are bad for all.
RussMaxable 1 year ago