Glenn Beck Again Talking about Dollar Decline

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Uploaded by on Feb 3, 2009

Glenn Beck is again talking about how the US dollar is in serious shape when other countries decide or can no longer buy off our debt. We've been living the high life here in the US off of debt. We've been living above our means. And I'm not just talking about the average Joe American. I'm mostly talking about our US government.

Most of our debt comes from over government spending. The only cure is NOT for government to create jobs but for government to shrink and stop the programs it has. #1 to go should be our huge spending oversees waging wars and maintaining our military bases in many countries we have no reason to be in. We need to be humble in our foreign policy. Unfortunately our new president has done very little different, except reverse a few high media topics, but in the end seems to be doing more of the same as the last.

Countries will stop lending to us because we've been very irresponsible and a bad investment. What's worse is the federal reserve system which could and probably will totally collapse our economy by printing too much money and collapsing the dollar.

Yes, we are passing debt to our children and grand children and great grand Children. But we are coming to the point where we aren't able to pass the debt on and WE will suffer the consequences. Because every time we push our debt into the future, the consequences of that debt come sooner and sooner.

There are solutions, but only when America understands where this problem comes from. Otherwise, the politicians will just keep doing what they've been doing which just adds fuel to the fire. Go to mises.org to learn more about how the government got us into this problem.

Be cautious and do whatever you need to, to prepare.

http://www.crashproofbusiness.com

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  • I think that U.S.A. is seriously fucked and so is U.K., the shit is going to hit the fan, Iceland has crashed, riots still Greece, Paris, Latvia etc. E.U. in recession, serious problems in Spain, Portugal and Italy as well!!!! This is going to be a very, very difficult 3-7 years!!!!!!

  • China is a bubble? that guy just doesn't get it, how can you have a bubble when you are a major producer...and a major saver......Steven Moore knows less....

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  • Glenn Beck is stealing information from Alex Jones, the real creator of true information, and Fox is adding lies!

  • LmAo... wow... theres no good news these days huh.

  • the funny thing about this video is that the main way to fix this debt problem is to cut expenditure (military adventurism I'm looking at you) and of course by raising revenue (taxes); two things that Glenn Beck would never advocate.

  • if you fight for this country you are just a tool.you really don't matter to this country.only if you can save the millionares some money

  • Interest rates remain low despite the stimulus that supposedly spooks the bond vigilantes. All their claims are being proven false again and again.

  • This is hilarious. China implemented a massive stimulus that put the U.S. one to shame, and they are rolling along. They proved these clowns wrong in every way.

  • Before they fall

    I want them to Nuke Mekka and Median to the other dimension

  • Mexico?

    it's more the other way around in fact

    Mexico is better then YOU

    since they aren't selling their children futures to something they couldn't have

  • Amazingly - the UK has dragged itself out of recession, with a lower than 0.1% growth since March... but hey, at least we arent sinking like the USA =p

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