U.S is in worst shape than Greece! Nouriel Roubini Discusses U.S.. Government Deficits-

[glinnz05]

its written in stone, white people are the 10 of the 12 tribes of Isreal, the jews are the other two. which went over the caucus mountains, a.k.a lost tribes of Isreal, we broke covenant with God and we are in big trouble, (assyria-germany) and (efreim-briton) and (menassah-america) now go read deuteronomy 27 forward and isaiha 1-10 repent , please repent, its coming to an end very soon....

[aaronmd50]

Man oh man, things are about to get real bad....We are seeing the beginning signs of a depression, not a recession. I have been concerned for the last 5 years about this and all the smartest people are saying the same thing....its gonna get bad. Don't get your info from our government...they are trying to keep fears down but they know things are getting worse by the minute.

[NathanAGoss]

The video title is misleading. Roubini might be "worried" as he says, but he doesn't believe the US is in "worse shape" than Greece (by the way, you used the wrong adjective).

[wanderdworld]

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it...and a moral code that glorifies it."Frederic Bastiat

[BullionLimitedotcom]

• IT’S VERY SCARY TO SEE, WE ALL INSIST ON KIDDING OUESELVES, STATING ==== THE COMING COLLAPSE!!

“HELLO” - THE SYSTEM HAS COLLAPSED ITS BEING HELD UP FROM IMPLODING ----BY WHOM ---- YES GOVERNMENTS = THERE SYSTEM REMEMBER!

WHEN WAS THE LAST TIME YOU HAVE SEEN EVENTS AROUND THE GLOBE – YOU ARE WITNESSING NOW!!!

THE SYSTEM IS BROKEN, IT CANT BE FIXED.. AS LONG AS YOU HAVE SECURED AN HAVE POCESSION OF GOLD & SILVER - YOU HAVE SECURITY.

PEACE BE WITH YOU!! watch?v=crjmlC466QI&feature=re­lated

[llothar68]

Socialism is the solution. Capitalism failed.

it's so simple even Sarah Palin should understand it.

[nalejbank]

@llothar68 I agree! Total government will solve all of humanity's problems once and for all. I can't wait to live like a current prison inmate! Food, exercise, conjugal visits by the the guy in the next cell, TV and medical care. A life of dreams, plenty of equal treatment for all!

[angstotheclown]

Just in case you didn't get it. Both these men are the jew. Get it? Roubini and Milkin are on the same side. They pretend to be in opposition then go have a drink together and toast the talmud and the international jew. They win, you lose.

[nalejbank]

@angstotheclown I didn't see and "jew", just common sense. I like Jews! I have friends that are Jewish. Heck, they even support Ron Paul so, you must be for Obama?!

[angstotheclown]

Never listen to the jew. They pretend to be on opposing sides on every issue but only have a single purpose. To finalize control of the planet under the international jew banking system. Everything else is meaningless. They worship gold, currency and the power it brings, hence the creation of fake money through this fractional banking. There is NO real wealth there. It is all imaginary on paper and in computers. The jew wants YOU dead. YOU are the goy. Their talmud says they can kill you.

[YanniChill]

No, no no... WE are not toast. We need to fire all economists and financiers... It's so easy... JUST BAN USURY... i.e convert debt money to credit money. Problem solved. The interest rates are DEFACTO unsustainable... Debt grows exponentially while the economies cannot grow faster than linearly.

[chickatawbutt]

@SIGN666 The Founding fathers call this whole mess. The Congress gave their Constitutional job of "coining" money to a private bank the "creates" money with a printing press.

Thomas Jefferson speaking on the first attempt to establish a central bank in America: "The end of democracy, and the defeat of the American revolution will occur when government falls into the hands of the lending institutions and moneyed incorporations."

[chickatawbutt]

We have been sold out by a bunch of moronic and selfish politicians promising more and more expensive programs that we can not afford all to buy votes from the useful idiots all so they can stay in power. The day is coming when the people will drag them from their ivory towers and hang them on meat hooks like Mussolini.

[GPat1974]

this guy is a bullshitter

dont listen to him

[TreachMarkets]

So Peter Schiff was right then?

[Bellantoni]

@SIGN666 Government is the only democratic institution we have. Corporations are hierarchical institutions with total top-down administration and almost no accountability to the public, the rights of persons and well beyond. They work in their own self-interest, which is to maximize profits and market shares, and that's why they create all these speculative bubbles.

The next recession is gonna come form our catastrophic privatized health care system

[chickatawbutt]

@Bellantoni Dude, You haven't got a clue. Barney Frank and the Government created the bubble forcing banks to give out loans that a 'for profit business' would have never taken the risk for. Fannie and Freddie were buying the mortgages up as fast as they could because Barney and the Democrats wanted people to own homes, even if they had no income, no job and no assets. A capitalist system wouldn't have put it's capitol at risk. The government created the problem.

[Bellantoni]

@chickatawbutt It's physically impossible for government to create a speculative bubble, since it cannot speculate on things in the first place. However it can eliminate the barriers that prevent speculation bubbles, like repealing the Glass-Steagall Act, which is exactly what they did.

[E11evenz11]

@Bellantoni That is false. The government created the housing bubble when it stepped in between creditors and lenders. Banks would not give a mortgage to an individual who has no income and no down payment. The government then stepped in and guaranteed that they would pay the the loan even if the individual could not. So the banks, knowing they would be paid no matter what, started sending out loans to everyone because if the individual could not pay the government would pay for them.

[Bellantoni]

@E11evenz11 The gov didn't invent CDOs and credit default swaps, these are the guarantees you're talking about.

The financial sector was overflowing with capital and rather than invest it in something productive, they wasted more money than any gov has ever done, creating these CDOs and other neat devices to f*** people out of their money.

The private sector doesn't need to be legislated to cold-bloodily pursue the maximization of profits, that's something they'll do on their own.

[curiousEGM]

Yes, it continues to be too late.

[Dejavo]

mmmm toast...

[kalm77]

THESE NUMBERS DON"T LIE!!!! WE ARE TOASTED IN USA

[Icriedtoday]

I cannot frigging believe this guy!!!!!!!!!!!!!!!!!! HE IS THE ONE WHO TOLD EVERYONE TO SOCIALIZE THE DEBT! Now, he says that this is why he's worried? Nothing here folks, go back to Peter Schiff.

[aviomaster]

theUSER101--- Yes that is true ,,, other small nations will  go to the USA or Russia China coperation ...

[aviomaster]

-- USA scum bags you were so quick to shit on CCCP bankruptcy ... and how stupid they were and  what not I can not imagine what bullshit propaganda USA controled media created in 1990's ...

Now it is coming to YOU ...

[theUSER101]

@aviomaster If all goes bad....We have the biggest army!!!!!

[mattandpatti222]

All planned for the NWO under the Vatican. All roads lead to Rome!

[BabylonsKing]

Nothing will help the US out of the calamity they've put themselves into unfortunately for all concerned. Everybody needs a new this or a new car or house then bang here comes that creepy crawly critter out of the closet called DEBT! We are now seeing the end of this Planet over consumption to the hilt. SUPER SIZED!

[aaronhasfailedus]

Yea were toast. but, we'll still survive just be cool and calm pray alot and it will be alright.

[merochero]

@aaronhasfailedus wrong... N.W.O... on table... mark will be instituted... you wont survive unless you take it, and if you do, you will be damn for eternity... the mark will be instituted with vocalized blasphemy... THE END... call out to the only name that was granted ALL power in Heaven, Earth, and below the Earth, Yeshua HaMashiach / Jesus Christ... the door of GRACE is closing fast.... @ a very near moment, everyone will know, but too late it will be.

[flimflamman]

Here's the thing .... with a debt there is the debtee and the debtor .... we know who the debtors are, it's the government, i.e. the people as a whole, who are the debtees? Ans: the wealthy. They have rigged the system so that all they have to do for the forseeable future is to collect the debts we owe them. Sweet.

[pierre1122]

In Québec, Canada, we have a socialist government. And we are broke. Quebec is finish. And Canada will follow. And US. Dont come to Québec, its the worst place to do business.

[olejac]

just end the wars

[GpZ91]

@olejac half of the US economy is based on wars...

[silentmajor]

Lets face it it doesn't take a dumbel prize winner to know we're in deep shit. I mean what would happen if everyone in this country borrowed more money to get out of dept and then spent it instead of paying off their dept. It's impossible to pay off a dept by creating more dept. You pay a dept off by working two jobs and spending only what you have to to survive.

[jobrien2001]

This is the same idiot that wanted the bailout and "stimulus". They just give economic noble prizes to everyone.

[Oceanno69]

WOW common sense! I LOVE IT!

[asaidsam]

Waiting for a new American Civil War...

[hobo59]

Mr Oblahblah says we're not out of money, as long as our printing presses work !

[1988scottcarey]

rise of the anti christ....

[humaner]

@1988scottcarey is the antichrist a stinky armpit?

[Zeldovich]

Roubini knows much more about economics than I do, and he has particular expertise in the global economy and financial crises, but I think he's way too pessimistic.

[1mealperday]

@Zeldovich No , actually its worse. read Zerohedgedotcom . key items for research 1913 fed , 1933 USA filed bankruptcy, 911 lies, USS LIBERTY. If you research these 4 things you will find all the rest

[whitecant0]

@Zeldovich I don't think Roubini is not too pessimistic. The default of the US is unavoidable; the only discussion is whether the US will default legitimately, or via extreme monetary expansion.

Currently the US is about 12.8 Trillion in debt; but it excludes Fannie Mae and Freddie Mac, Social Security, Medicare and Medicaid. These total to about 50-100 trillion, depends on the math.

U see, the problem is not the lack of money; it is the lack of productivity and material.

[Zeldovich]

@whitecant0

Well, nothing you mention up there is something everyone doesn't alreayd know. The markets know.

Well if he's right, then why don't we see only 4.5% on longer term US debt? Because, we've had deflation and disinflation and the Fed hasn't done enough. He doesn't think the zero bound is a constraint, so I really don't see where he's coming from.

[whitecant0]

@Zeldovich So where is the money?

[mja2035]

It is so sad what our government has done to this fine country. I don't want to pay for there mistakes.

[bill1328]

" Ask not for whom the bell tolls for it tolls for the USA!"

[doc7474]

@bill1328 It tolls for pretty much the whole world. It's important for people to know this is a worldwide economic crisis. The PIIGS(Portugal, Italy, Ireland, Greece, and Spain) are first.

[1mealperday]

its too late to be worried. We are toast.

[SlyToocan]

@1mealperday Yep, toasted... Still, I am trying to prepare, so I hope you are and many others.

[1mealperday]

@SlyToocan yep. and figure to have to feed my neighbors. And a shotgun for them that aint neighborly

[1mealperday]

@SlyToocan you got to figure the banksters have planned for various eventualities.

Besides , what would we do ? Protest!? Ha , so many are asleep before the TV. Protest would only work in overwhelming numbers. So far we dont have the numbers cause they work for the gov, getting gov aid or just unaware and dont care. We who are aware are perhaps 15% of 300million

[LoneOarman]

We print money and forgive govt debt. This will pass...

[ralliart2000]

@LoneOarman What do you mean, forgive govt debt?? Lol, the government doesn't have any money, they take yours. That means they're getting you into debt, and it's your burden. However, that's all ignored when they print it short-term to keep the people happy, and keep themselves voted in.

[modifiedcontent]

@1mealperday, we are NOT toast. The governments are toast. The people relying on Social Security, Medicare and other government handouts are toast. If you are self-reliant and manage to keep yourself and your property out of the clutches of government, you'll be OK. Stop being a slave to government, take back your sovereignty!

[jfarris4417]

Well explained