The United States is not facing bankruptcy, it is bankrupt.

What is the definition of 'bankrupt' in the context of the entire economy?

Just curious. It could put the whole argument to rest.

The situation is day by day worsening, so it is bankrupt. Italian economist predicted this almost 10 years back from now.

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

You have a lot of guns only a hard days ride from a bank that has $750T in just the petty cash drawer outside the main safe, ....... need I say more, ......

Do I hear $860T?

What it eventually boils down to is nothing more than numbers in a machine. They only represent what people want it to represent.

Give us our gold lol.

This was news in 1933.

The unspoken yet obvious truth! This has in fact been the case for the USA for most all of our natural lives!...Bring back the trees, the prairies, and the buffalo! Then maybe the eagle will protect us once more!

Now there is a profound ungrammatical statement. {/s}

When you say responsibility you mean to say I am responsible for all the libtards with 7 kids by 6 dads that I'm supposed to care for, right?

I cares for all them chilluns. I wants to work 80 hours a week sose they can eats. An their fat mamas can smoke a crack pipe. That's the Obama way.

The American economy's fatal blow to the head came in the guise of the Vietnam war. It was an absolute drain financially, as well as a magic bullet to the American psyche.

It's all been marijuana smoke and cocaine mirrors since.

Blame who you want it doesn't matter, because neither party knows how to fix this because because both parties know nothing can fix this.

It's over.

And do you know why?

Because this wound has festered and spread to the entire global economy.

Get the scope yet?

It's way beyond political ideology.

You can only animate the corpse for so long because a corpse, no matter how much makeup and perfume you use, will continue to rot.

As a student who is currently studying economics, i have no idea what you are talking about.

Our yearly deficit(expenditures-revenue) is about 1.3 trillion. I'm not quiet sure where u get this 222billion or the 16 billion.

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

So, what defines bankruptcy? I suppose we could check a dictionary..

Isn't bankruptcy when you have more debt than you have even the possibility of paying it?

Yeah, that's us. And much of the rest of the world.

They did not elect Obama. The election was stolen. America was stolen right out from under our noses, yet not one single Republican has the balls to speak up about it.

The entire leadership of the Republican party ought to be standing in front of microphones daily demanding Obama step down in shame while they also file impeachment proceedings.

Don't tell me the Democrat Senators won't approve it, so there is no point to it. The house must do ALL they can to put this on the record!

Let the chips fall where they may.

Until this theft is corrected, the thieves will continue to steal all the elections simply to provide a charade.

It's $222 trillion, right? Not billion.

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them AREN'T bankrupt.




Correction made to the above.

Not Obama, Ben Bernanke. He is the only person who can create money out of thin air. All they do is add reserves to the banks with the click of a mouse. Its called quantitative easing and its equivalent to "printing money".

But it is also very different because "printing money" like what was done in zimbabway not to long ago usually leads to inflation, however we have had no inflation problems. The large problem is ganna come when the fed stops buying bonds(our debt) and the interest rates skyrocket

they announce this shit n no none seems to care, i think they are on qe 4 now... officially

That sounds about right.

They should just swallow their pride & come out and admit it.

It's not like they're fooling anyone, lol

They have offset inflation by creating bubbleconomics.

But this is not sustainable.

The United States is not bankrupt, it is hijacked.

There are two sets of books. One they waive at you and tell you they need more money for schools, Police, Fire Fighters, Teachers, and on and on.

The second set of books is never mentioned yet in plain sight. There are tens of trillions of dollars of Americans hijacked money there.

Check Out Clint Richardson's information: you will finally realize the depth of the tyranny.

Watch specifically the following films by him:

"The Great Pension Fund Hoax"

and

"Corporation Nation"

[link to realitybloger.wordpress.com]

In addition, go to CAFR1.com Walter Burian is the Guru on CAFR "Comprehensive Annual Financial Reports."

Just Google CAFR or "Comprehensive Annual Financial Report" and you'll see how it's in plane site. They have absolutely no respect for us, they loath us in every way possible.

Yup, and its ganna hurt... alot

O/P can you stump up your portion the national debt, $49,000 as per the current GOVERNMENT figure.

The Ponzi will kept running for as long as possible, as we have nothing else. There is not enough gold silver, copper, tin or any other precious metals to go around as specie.

This is what happens when you let a small number of individuals are allowed to run the financial system. It's an inevitability.

Where's Brief?

I'm sure this is just the type of behavior he condones. And just the other day he made reference to the fact that NO COPS EVER do anything wrong, never knock on the wrong doors, and NEVER abuse authority.