"Where Does the Money Go?" National Debt - Bill Moyers

[LibTyrMatrix2011]

Capitalism is being forced to fail. This is not happening by itself. Our politicians know what is going on. 

[OtagoMark]

I don't know what everyones worried about, the moeny was "borrowed" from the fed, who gt it by watering down money already in circulation, effectly the moeny was borrowed instantly from money in circulation, theres nothing to pay back, its already been paid...Have I got something wrong here? heheh

[MrShaiker]

END THE FEDERAL RESERVE!! THATS WHERE YOUR TAX DOLLARS GO YOUR SLAVES

[masterskyrunner]

@MrShaiker Anyone who will listen to Historians like me will know that killing the bank will be an epic development, but won't count for much unless we destroy them from the Earth, not just in America.

The National Debt in 1829, when Jackson took office: $58,421,413; the banking elitists are on the rise

The National Debt 1835, when Jackson killed the bank: $33,733; then followed the greatest move in our nation's history

The National Debt in 1843: $32,742,922, elitists retake control.

RP4P

[smimot]

@masterskyrunner, your post is informative, historically documented, and logical. It's also without insult or profanity, which is a rarity. Press on.

[MrShaiker]

• a lot of people dont get it. our high debt and taxes are not a result of social spending so much as a result of fractional reserve banking. for starters, watch money as debt. then research how this situation came to be. our leaders are corrupt puppets that work for the private banks. your right to vote is just an illusion of choice. dont be stupid. educate yourselves.

[eovid]

@MrShaiker

end the wars. end outsourcing, end the tax breaks, end of problem

[TheModelification]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.736 Trillion. In approximately 666 days in office, he has accumulated $3.066 Trillion. Using simple algebra you'll find by Dec 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.

.

[TheModelification]

Hillary Clinton is being preened to take President Maobama's place. Both Obama and Hilary answer to George Soros who contributed to both and who has the mainstream media in his back pocket. He gets Obama to take the Country to extreme socialism passing treasonous legislation against the will of the American people, then gets Hillary in office. Our dollar is on the verge of collapse, and our sovereignty is threatened as a direct result of legislation and lack of leadership.

[TheModelification]

Clinton didn't leave a $5.6 Trillion surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links. The Debt Clock should be adjusted increasing the national debt from $14.0 to $21 Trillion and reducing our unfunded liabilities by $7 Trillion to reflect the truth about Clinton.

.

Allen West 2012

[60srock]

Well high noon 2010 has passed and we had our 5 minute AD/HD national debt conversation in December. And that's about the right amount of time to spend on a system that can't be fixed. RIP American 1776 -1913.

[endtimesfuntimes]

ponzi scheme

[energyfinance]

Laughs and giggles!!

Moyers' owners don't let him dare say "Ron Paul"

But it does not matter now, we are in the toilet and soon it will flush.

[707westy]

Where's you money? The Rebplicans and Democrats gave your taxes to AIG, Merryl Lynch, etc. who then went to Vegas and paid for some hookers. The hookers then paid their mortgage which sent the money back to the big banks, So we all got screwed and the banks still have all the money. This is also known as a Plutocracy. Good luck wit' dat.

[hungarylnnjsd]

Want your site to be more popular?Not many ppl know it but an affiliate program is the only real solution to that,The GAS aff system is the answer,Because you don't need to have any programming skills to install it, even a boy can do it in less than 2 minutes,Find it here GAS-AFFILIATEdotCOM.

[Janusha]

9 trillion 2 years ago... today the number is 13.5 trillion. more money than america has in circulation. And guess what.. its only rising.

[visionseeker50]

To me It's like they are bankrupting america on purpose

to control the masses. they like being rich

[energyfinance]

@visionseeker50

!00% on purpose.

I'm shocked more people do NOT get it!!

Well... not really shocked, not even surprised.

PS> I like being rich too!!

AND this country about to be real po.

sorry (HA!!)I won't be here to see it!!

[Cstrife234]

Only Americans who continue to use Debt Notes from the FED and hold adhesion contract to the Federal Government are in debt. Freemen are not. We don't wage wars against people or other nations, the Federal Corporation does...the Republic's "democratic" strawman.

[UncagedCardinal]

400,000,000,000 dollars of 'debt'.

Panic, panic. But why?

who is this 'debt' owed to?

Who is so filthy rich that they could 'lend' America this amount of money?

What would happen if these (invisible) filthy-rich 'lenders' were told 'we're not paying you back' ?

What would happen if this 'debt' was simply 'written-off' ?

I just don't get it. Are we being lied to?

[MrLackofSleep]

@UncagedCardinal - simple answers; 1. us 2. us 3. zero payouts in SS. medicare, medicaid, unemployment, and every other previously promised entitlements from justified taxes. 4. Lied to is a bit ambiguous - Most of the debt is a Madoffian ponzi scheme that is right out in the open for all to see and; for example; when grandpa retires and is ready to draw SS after 40+ years of paying into it (likely hundreds of thousands), Uncle Sam will only pull out a handful of dust to pay him back.

[IzzyTheArtist]

@UncagedCardinal I'm trying to find all the answers to that because I want to know as well.

[Tuathalful]

Yeeeeh, the problem's too much social security and healthcare! Are you people retarded? Two of the things that justify the government's very existance is social security and healthcare. Here's the truth: Your problem is welfare for the rich; too many handouts for bussiness and rich people; too many loop holes and tax cuts for the rich and corporations eating into revenue the American public deserve, and too much waste esp. on wars inc. war on drugs, war on "terrorism".

[MrMick73]

so... If th U.S is in debt to china, how does the U.S pay , does it give china U.S currency to spend or chinese currency. This makes no friggen sense.

[LoganUpABongHit]

History proves that our forefathers encouraged farmers to grow cannabis to produce commercial goods like rope, paper & other manufactured goods & services. They also used the tax revenue to make roads & pay for maintenance fees for buildings & construction of Fed. buildings. George Washington & Thomas Jefferson both encouraged it. It's not addictive because it's not an "opiate" like prescription drugs are. You cannot overdose or die from it either. Be serious about it & learn the facts.

[LoganUpABongHit]

If lawmakers in D.C. were "really" serious about paying down our National Debt, they would pass Federal Legistlation to legalize cannabis & tax it. The savings alone spent on enforcement would pay for most, if not all of the interest we owe each year on the debt. The tax revenue accumilated from the sale of cannabis would pay for the interest & a large amount of the debt itself. It's unconstitutional for our Fed. govt. to prohibit what American citizens choose to put into their own bodies.

[kyowakokunobenkai]

It is sad that this video only has 12,000 views. Jimmy Kimmel on Jay Leno has 620,000 views. It goes to show that Americans are too buisy with their own entertainment and self masterbation than to focus on important things.

"Patriotism is easy to understand in America. It means looking out for yourself by looking out for your country." Calvin Coolidge

[freeenterpriseworks4]

The Federal governments debt affects all Americans because it must use resources that could be used on programs, tax relief or national defense to pay interest on our national debt. The government spent $173 billion in 2009 on interest owed on our national debt, and will spend an estimated $400 billion on interest over the next three years.

[freeenterpriseworks4]

Join The Free Enterprise Nation in protecting and promoting for the REAL foundation of AMERICAN economy - the PRIVATE sector employers and employees.

[Quiksilver209]

Constant prosperity through credit is no more possible than constant peace through heroin.

[johnnyf1ve]

But where did the money go ?????????

[THEADVENTUREJUNKIE]

IF YOU PEOPLE WANT TO FIX THIS SHIT, THEN WE MUST PUBLICLY FUND CAMPAIGNS. That way all candidates have an even playing field and the GODAMN LOBBIESTS ON "K" ST. Can't Buy legislation, or seats in Government. All roads lead to Campaign REfinance! Teachers and Firemen can run/win also then, instead of just rich people buying there way in. Yes I know it would be expensive, but not outrageous. The question is= "IS your democracy/country worth it?"! Well is it? Support healthcare reform!

[RyderSpearmann]

The thing about all of this BS is that the 104th Congress ALREADY WORKED on this issue.... they already were there and willing to face it, but it was people like Bill Moyers who fought AGAINST the 104th Congress, and their fiscal responsibility platform.

A** Holes.

[DollarProject]

watch "America, From Freedom to Fascism". 100% of the income taxes we pay every year goes toward re-paying the national debt. There is never anything left to run the government or its programs. So raise the taxes...like its ever going to matter. Im moving to Canada fuck this government.

[cadhk]

@DollarProject it's not that much better up here, our taxes are higher and our government still keep to raise more.

[vindog34]

These people don't talk enough about WHO exactly we are in debt TO!!!!!!!

[sadhusuman]

China and Japan...who buy American Bonds...now China is acting desparately to get out of the American debt quagmire

[mookixox]

Imagine if america took those scum bag career criminals and 'got rid of them' so tax payers didnt keep them warm n fed? Imagine if u took able americans who refuse to work and let them starve? Imagine if america stopped allowing the top 5% to rape the rest of hard working american class...oh what a world that could be. But it starts at home folks, it starts with you...and calling congressmen won't get u anywhere. It starts with your wallets and bank accounts.

[strolchi10]

What makes me mad about this is they keep bragging about the symptoms jet never touch the real issue witch is our dept money system as most of the dept is interest witch was not created in first place no one is ever going to be able to pay this ever growing dept back thats why they Owen us! All what we create is theirs they by it up wit nothing but paper + interest attached to it its legalised theft! Solution End the Fed issuing power back to congress as constitution says!

[hablerz]

England does not suffer from this crisis? Remove your cranium from your anus . Have u not noticed the complete disaster that is the UK banking sector?. The 10s of thousands of jobs lost accross the UK?- get back on your spaceship.

[toohsas]

LOL :)

[DrWilliamsM]

Bush badgered Allen Greenspan to lowering interest rates to make war industry happy. Dollar value plunged. Realtors compensated by increasing prices. Lending regulations eliminated. Everyone qualified for loans. Borrowers could not pay when high interest rates kicked in. Housing prices plummeted, Bankruptcies skyrocketed. Secondary lenders(investors) got stuck with IOUs (paper securities) Loan originator Jewish Banks got rich. Secondary lenders Bailed out by government, Taxpayer got screwed.

[Rickdeckard2020]

Interesting comment (although I didnt know JP-MorganChase's Rockefellers were jewish). The authors that wrote "where does the money go?" probably didnt mention the chunk of wealth going to the top 1%.

Instead of investigation for defrauding people around the world of their savings with bogus instruments and a commission, the banking syndicate got trillions

Hardly anyone in MSM mentions Glass Steagall Act or fractional reserve banking (effectively money as debt), whats your take on these?

[gwynedd1]

Of course. Why are we always in debt? Money is debt. The entire basis of our money supply is treasuries. We should just end the facade and convert the national debt into treasury notes. Then we can stop the 45 trillion of bank credit money that is real debt at interest that can never be paid. Get rid of the bank leeches and we could pay those obligations. These people are buffoons.

[AirwarriorX2]

That i Think could fix this dam crisis before it boils over the pan gwynedd1. but we do we start to do this who knows.

[DrWilliamsM]

The primary loan originators( Jewish Banks: Rothshild, Lazard Bros. Israel Moses Seif, Warburg, Kuhn-Loeb, JP Morgan-Chase, Goldman-Sachs, BofA, City Group, Wells Fargo, Morgan Stanley, State Street, New York Melon) sold the IOUs of borrowers immediately with huge profit to secondary lenders like Fanny Mae, Freddy Mac, Wachovia, Merrill Lynch, and thousands others around the Globe, whom went broke. US secondary lenders got bailed out .Taxpayers were the only ones who got screwed in USA.

[gobz10]

(2 of 2) That means a worse state for the USA than before. So the way I see is there is no way out, it is a cul-de-sac and increasing taxes and cutting spending will only result, under the present ideology of things, to stop the foreign countries lending, that will = CRASH. No way out I feel.

[gobz10]

(1 of 2) If taxes are raised and spending reduced, consumer American will stop consuming because the capital is not there to buy unessential goods. Chinas economy needs the American consumer to spend, thats why China continues to lend the USA its hundreds of billions of Dollar. Basically, China knows that if Wall- mart closes, Chinas boom day closes. So, China would stop lending, as would Japan, as would the Arab nations because there would be no benefit for them.

[TyphoonEron]

England does not suffer from this crisis.

[LLCoolPass]

I saw that movie over the summer that talked about this. Who cares? Nothing is going to change because those -- who should be motivated to act and angered about this -- are convinced that violence is uncessary, uncivil, and unbecoming of a gentlewoman and gentleman; everyone but the truely richest, most civilized and powerful.

[JXjohn]

population growth is the root of all problems.

[ChristiansMustLearn]

nonsense.

its the industrial process that is the problem. the planet can sustain double our population provided we are environmentally neutral. message me if you want more research on this concept.

[carl77777]

The USA has to choose, Bombs, Bullets, War and space ships. or health, wealth and happiness.

[libertyandjusticenow]

two ways to pay for it since we can't pay for it with taxes. (1) invest 60 trillion dollars right now. (2) our economy grows by double digits for the next 75 years... given that both of these will not happen... we need to do something. wake up people!!!

[duckfat01]

Federal Fraud <--- Search YouTUBE

USA is a COUNTRY of DEBT

its Citizens are in DEBT, Debt = Slavery

To the younger generation Americans, if you value your freedom, and still have free mind and spirit, REVOLT. Stay out of the mainstream everything (media, govt., banks), and re-write the rules.

[crawfordviolin]

zeitgeist: the federal reserve <--Search YouTUBE

Federal Fraud <--- Search YouTUBE

USA is a COUNTRY of DEBT

its Citizens are in DEBT, Debt = Slavery

COPY / PASTE MY Comments

[aussiefirestorm]

search google vids for "money masters" as well

[aussiefirestorm]

zeitgeist: the federal reserve <--Search YouTUBE

Federal Fraud <--- Search YouTUBE

USA is a COUNTRY of DEBT

its Citizens are in DEBT, Debt = Slavery

COPY / PASTE MY Comments

[dilbertgeg]

Michael Hudson pointed out that if they taxed WAGES at 100%, there would not be enuf money to fund the govts normal expenses -- because the super-wealthy do not earn "wages". They take "capital gains", like profits from stock options. Today untaxed "capital gains" is not on phys capital, but incl interest and speculation, as well as income from monopoly RENTS like oil, gold.

Classical econ calls for control and heavy taxation of RENTS, which are public commodities we GIVE away as WEALTH-FARE.

[70road]

I would say that 30% of Americans could be classified as morons.

[aussiefirestorm]

not just americans and more like 50%

[cds10690]

yes and most of that 30% are going to vote fo a man with an (R) next to his name

[digitalhermit]

Only a moron thinks only the (R)epublicans are responsible for this. Our bulging national debt is a truly bipartisan affair. The only rational choice is to vote third party this election - Republicans and Democrats have been corrupted by big banks (banks are the #1 contributors to both party candidates).

[keithsheldon24]

I'm an american, and I have to say it's quit a bit higher then that.

[ocred13]

So few viewers.. Another case of YouTube censorship?

Or just apathy?

Either way, the situation is DIRE!

[nowayasway89]

the native americans had it right. too bad we killed em all or put em in concentration camps

[fuzhou888]

zeitgeist: the federal reserve <--Search YouTUBE

Federal Fraud <--- Search YouTUBE

USA is a COUNTRY of DEBT

its Citizens are in DEBT, Debt = Slavery

COPY / PASTE MY Comments

[OgeronimonominoregO]

It's all fiat money anyway. Every other nation uses the same system because they had to follow the US into it after the gold ran out and Nixon defaulted on the promise to pay foreigners a percentage of gold value for their dollars. The dollar was the world reserve currency.

This money is all created by debt. It can't be paid back without creating more debt. Domestically, they'll just keep inflating. The real danger is that other nations will stop playing this game by dumping US securities.

[zenmachinefilms]

Recommend viewers do a search on here for David Walker, former head of the GAO, who talks even more succinctly about the numbers. Look for Walker's appearance on 60 Minutes, Glenn Beck and Lou Dobbs. Walker knows more about this topic than anyone alive.

[yonigga223]

Fuck you, bitch. You're going to tax me because of the governments global fuck ups? The only way we're gonna talk turkey is to shove it up your ass.

[yonigga223]

Okay, I'll just leave off the point of how I think this is all bullshit and they're just shearing us like sheep. Where does the fucking debt come from? If somebody buys a car from japan that costs 30,000 and drives it around over here; they've paid for the car. Who isn't getting their money? Or is somebody pocketing the money and not paying the bills? If that's the problem then let's just kick their asses and throw them in jail! What's the problem? Sounds like the global warming lie to me

[jasy221]

yonigga the government caused the debt by borrowing off china, japan, and us bondholders

and by spending more than they collect in tax,this guy knows noting,the government will inllate the debt away eventually and destroy your purchasing power and the dollar in the process, it has nothing to do with social security, americans will be poorer in the future thats all.

[MyFatalDownFall]

amen

[busrider85]

Huh, only 1758 views on some sage information and u can't count me because I ain't American.

[brizzlie]

Write in Ron Paul!

[sfrenzl]

Ron Paul might be on target with this issue, but all of his other ideas are not based in reality. Cutting taxes to eliminate government is like throwing the baby out with the bath water.

[brizzlie]

Which is the baby and which is that bath water in this case? Government and taxes are *both* bath water IMO. :)

I think the cutting of taxes is a great idea. Only 1/3rd of govt. revenues come from taxes, and we only have to bring spending back to 1998 levels to save enough to offset the drop in revenues. Taxes are only used to pay the interest on the government's debt. If we had responsible spending and no debt, we wouldn't need taxes at all. We still live in the feudal system. Pay your taxes!

[davidluk8]

It's such a good and important topic BUT so few viewers. What's went wrong with US people ?

[DangerousCombination]

A more relevant question would be "where does all the credit [money] come from".

Watch "money as debt" to find out.

[Paetaor]

Makes you sick to see people clapping for someone that is crapping on the people of the country.

[whiteworldwide]

noooooooooo how about ron paul??????????? bloomberg is the biggest sly dirty bag newyork would be in ruins if it wasn't for the financial set up.even with all their money if they had to fix their infrastructure with no govt help they would be bankrupt. the economic model is unstainable

[GuitarVlog]

Thanks for posting this. I had just borrowed the book from the library after requesting that they add it to their collections. I wish that more folks would read it. I added it to my YouTube vlog.

[oaxiiboo]

The truth is always hard to get.

See video "money as debt".

[litxlit]

An enlightening and scary video