US Debt Crisis HQ-2012 is NOT ONLY FOR AMERICA.
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Uploaded by skayush on Aug 10, 2011
US deby crisis explained in detail in a simple and effective manner, understandable for the common man. The financial system is on the brink of another collapse, it may sink other major economies too along with it. This could result in a situation worse than the Great Depression.
- 75 likes, 3 dislikes
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Uploader Comments (skayush)
Top Comments
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Prepare by sharpening your knifes, learn how to make fire and kill bacteria in water. This is sparta.
6 months ago 14
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Moving back to a realistic taxation model is possible. This video implies that taxes cannot be raised without collapsing the economy, which is misleading. It also implies that spending cannot be reduced, which is also misleading. Taxes against wealth that is idle, and spending on investment projects which will generate wealth are both possible, and entirely doable, if our politicians have the willpower to defy their corporate masters and do the right thing for their constituents.
6 months ago 5
All Comments (23)
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Excellent.
With both Great Britain and the USA in the top 10 most likely to bankrupt countries, we're walking on a razors edge.
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Most of the corporations are multinational even if America turned to Mad Max tomorrow they'd be fine.
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People like you keep saying that raising taxes is bad, and if the US gov't does so, there will be "riots". However, if the TOP TIER TAX BRACKET is simply returned to the level of the Clinton era, or better yet the Eisenhower era, most people won't see an increase in taxes, and there will be enough money to take care of the fiscal deficit we have. (Providing it is done with a simultaneous cut in military spending and an overhaul of the health care system to a single-payer system).
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excuuuse me....i guess we all can't be as "puurfect" as you.....
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@stvly Well said. This is the only intelligent comment I've seen on this video
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Excellent video. Can you please send me the creators email. Thanks
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AMERICA WANTED CHANGE,,, IT NEVER HAPPENED!!!!!!
THE CHANGE WE NEED NOW IS RON PAUL.
AMERICA HAS THE OBAMA BLUES
CLICK AND LISTEN
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@talala0009 You forgot to mention that Spartans also eat blood. Well, cooked blood. Just sayin' =P
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You forgot to mention that this whole system was created so that this could happen.
13expose13 6 months ago 4
@13expose13 the federal reserve reserves the right to print currency without holding gold reserve against the currency that they print. The monitoring was taken off in 1972, and as many people say, they just kept on printing more currency day after day till date.
skayush 6 months ago