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

This is a beautiful post, full of truth from beginning to end.

I would suggest one correction right at the beginning, so that shills cannot seize on this point to discredit the whole thing.

The fractional reserve relending multiplier (and Dodd-Frank mandated capital rules) are not necessarily equal to the repayment multiplier on a mortgage over its life. It's sort of an accident if they are close; if mortgages were 5 years rather than 30, they would not be close.

And interest rates aren't something that banks control, at least not now. They are bigger than just banks. If YOU don't go out and borrow money, you are depressing the interest rate. You have every right to do so. And so now all the Fed can do is to have a zero-interest rate policy. There will always be interest, because it's the option value of having money sooner: you can save it and have it later, or you can spend it now. Options have value. This is an economic fact that all the central banks could not change even if they wanted to. Even Islamic banks effectively charge interest, even though they pretend they don't (interest is illegal under Sharia law) and obscure it just enough that some mullahs (probably well compensated) issue the fatwa that it's not really interest.

So the scavenger hunt is required, not mainly because the bank sets it up, but because of that fundamental economic force. And given that this scavenger hunt will be going on anyway, banks go along for the ride by mandating that you use their currency, and via multiple relending they make it a system that can expand or contract to fit the economy, thus keeping themselves entrenched as the bankers and their money entrenched.

whatever-

if you voted for romney or obama- its your fault.

Fucking retard.
If you voted for anyone other than Romney, this is your fault.
As thousands of us were screaming at the top of our lungs before the election "A vote for anyone other than Romney is a vote for Obama".

And you fucking did it anyway, you POS.

Anything that is happening with regard to the US being bankrupt was brought on purposefully by those who wish to continue having power over all of humanity! Just watch a report that says the US is going to do away with the one dollar bill. Cashless buying and selling is rapidly going to fill the void! What global corporations stand ready to provide the "solutions"? What global organization controls the development of all electronics and electrical technologies! Bingo!

Respectively i disagree sir, Romney wanted to substantially increase defense spending which would only make our fiscal problem larger(and was the silver lining for why ron paul didnt endorse him).

Not only that but he is an establishement republican. If you think our monetary policy is shit like i do you can point the finger at bush and obama the two people who elected ben bernanke and if you think romney wouldnt do the same your nutz.

As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Yet there is no sense of urgency or desire on the part of the governing class to level with the American people. This nation is living on the residue of the economic growth begun in the 1950's and accelerated in the 1980's. That tidal wave of prosperity has ebbed. The United States has entered into a death spiral of unrestrained spending, excessive taxation, printing near worthless money, and stagnant economic activity. Rather than be straightforward with the populace, the governing class is content to paper over the problem by the usual shell games of phony long-term spending cuts, more borrowing, and prevarications about the efficacy of raising taxes on "the rich."

The true nature of the GOP establishment's motivation has been exposed by their reaction to the Tea Party movement. This grassroots rebellion was the first manifestation of the awareness by a large portion of the American public of the nation's problems and ultimate consequences. Despite the overwhelming success of the Tea Party working within the Republican Party in the 2010 mid-term elections, nearly all of the Republican elites downplayed their success and fell-in with the mainstream media and the Democrats in their well-worn and gratuitous aspersions against these concerned and patriotic Americans. The Tea Party movement poses a threat to not only the accumulated power of the governing class but their livelihoods, thus the concerted effort to marginalize them by any vile or preposterous means possible.

The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves. The nation cannot, therefore, make any meaningful course correction unless and until the people finally understand they have been lied to and conned by the current establishment. That will, in all likelihood, not occur until America faces imminent collapse and the citizenry turns on those who brought the nation to its knees.



Read more: [link to www.americanthinker.com]


this is the end paragraphs of a much longer article titled "The Governing Class and the Decline of America." there is nothing in this article that i can argue with. there many here who don't vote because they believe that both parties are the same.

i say there is a difference, but the difference is just personality and not outcome. i hate the people who come here and destroy this nation with their votes, but it occurs to me that those who vote for themselves do so at the behest of those who govern?

This is completely untrue. The United States is far from bankrupt, on the contrary we are the wealthiest nation on the planet and the evidence is all around us.

We have enough natural resources in the rocky mountains to rebuild an entire new industrial nation from scratch.

The scrap value of a cities like LA and Detroit is on the order of tens of trillions of dollars. I bet if you were to do an account of the total wealth of our nation it would be in the tens quadrillions of dollars.

This business of being wealthy but feigning poverty is the oldest trick in the book. Especially when you owe everyone else money. The USA owes money to pretty much everyone, and they all know that if any single one of the major holders asked for payment in full they would never see any of it. As things are going now we give the rest of the world SOMETHING, trade, food-aid, war, and something is better then nothing.

The USA is far from bankruptcy, believe what you want but this is just another scare tactic meant to confuse and control your mind.

1913 = debt slavery

As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Yet there is no sense of urgency or desire on the part of the governing class to level with the American people. This nation is living on the residue of the economic growth begun in the 1950's and accelerated in the 1980's. That tidal wave of prosperity has ebbed. The United States has entered into a death spiral of unrestrained spending, excessive taxation, printing near worthless money, and stagnant economic activity. Rather than be straightforward with the populace, the governing class is content to paper over the problem by the usual shell games of phony long-term spending cuts, more borrowing, and prevarications about the efficacy of raising taxes on "the rich."

The true nature of the GOP establishment's motivation has been exposed by their reaction to the Tea Party movement. This grassroots rebellion was the first manifestation of the awareness by a large portion of the American public of the nation's problems and ultimate consequences. Despite the overwhelming success of the Tea Party working within the Republican Party in the 2010 mid-term elections, nearly all of the Republican elites downplayed their success and fell-in with the mainstream media and the Democrats in their well-worn and gratuitous aspersions against these concerned and patriotic Americans. The Tea Party movement poses a threat to not only the accumulated power of the governing class but their livelihoods, thus the concerted effort to marginalize them by any vile or preposterous means possible.

The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves. The nation cannot, therefore, make any meaningful course correction unless and until the people finally understand they have been lied to and conned by the current establishment. That will, in all likelihood, not occur until America faces imminent collapse and the citizenry turns on those who brought the nation to its knees.



Read more: [link to www.americanthinker.com]


this is the end paragraphs of a much longer article titled "The Governing Class and the Decline of America." there is nothing in this article that i can argue with. there many here who don't vote because they believe that both parties are the same.

i say there is a difference, but the difference is just personality and not outcome. i hate the people who come here and destroy this nation with their votes, but it occurs to me that those who vote for themselves do so at the behest of those who govern?

This is completely untrue. The United States is far from bankrupt, on the contrary we are the wealthiest nation on the planet and the evidence is all around us.

We have enough natural resources in the rocky mountains to rebuild an entire new industrial nation from scratch.

The scrap value of a cities like LA and Detroit is on the order of tens of trillions of dollars. I bet if you were to do an account of the total wealth of our nation it would be in the tens quadrillions of dollars.

This business of being wealthy but feigning poverty is the oldest trick in the book. Especially when you owe everyone else money. The USA owes money to pretty much everyone, and they all know that if any single one of the major holders asked for payment in full they would never see any of it. As things are going now we give the rest of the world SOMETHING, trade, food-aid, war, and something is better then nothing.

The USA is far from bankruptcy, believe what you want but this is just another scare tactic meant to confuse and control your mind.

Yes that is correct, BUT WHAT ABOUT CAFR!!! I wonder what percentage of the messages on these blogs is just shills throwing wood on the fire.

CAFR is the "elephant in the room" and 99% of you never talk about it. The reason you don't talk about it is because most of you are still in the matrix reacting, commenting, and thinking in a shallow manner just like our oppressors want you to. There is very little deep thought from most, just child like bickering in a way our controllers love. Never getting to the core or facts of the matter.

Our enlightenment is not going come from blogging about 50 different subject matters, most of which are meant to be distractions from important subject matter LIKE CAFR!!! Our enlightenment is going to come from a larger percentage of the population having a deeper understand of just a hand full of specific subjects. Once those topics are understood and then communicated amongst others, all the other nonsense will be resolved also.

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.

This is completely untrue. The United States is far from bankrupt, on the contrary we are the wealthiest nation on the planet and the evidence is all around us.

We have enough natural resources in the rocky mountains to rebuild an entire new industrial nation from scratch.

The scrap value of a cities like LA and Detroit is on the order of tens of trillions of dollars. I bet if you were to do an account of the total wealth of our nation it would be in the tens quadrillions of dollars.

This business of being wealthy but feigning poverty is the oldest trick in the book. Especially when you owe everyone else money. The USA owes money to pretty much everyone, and they all know that if any single one of the major holders asked for payment in full they would never see any of it. As things are going now we give the rest of the world SOMETHING, trade, food-aid, war, and something is better then nothing.

The USA is far from bankruptcy, believe what you want but this is just another scare tactic meant to confuse and control your mind.

You're a fool, as our nation is built on debt. They print money pretty much on a whim.
Most of the wealth you see around you is smoke and mirrors.
That rich guy down the street from you is in debt up to his eyeballs.
Our debt is insurmoutable, and you're on the hook for it.
The banksters have us over a barrel and can pull the plug at anytime, as they have an agenda to collapse the dollar. The one world economy that is being formed right under your very deceived nose cannot work un less the corporation of the U.S is on an equal playing field with the rest of the nations.
You are human collateral, a slave, whether you want to believe, or not.
Thre is discussion about taking everyone's 401K's.
Most of the big cities are hovering near bankruptcy, if they haven't already fallen victim to it.
Their are whole municipalities that have no clue how they're going to pay pensions.
Many cities have cut services, laid off law enforcement, teachers, fire fighters, etc.
Fiat currency is the biggest joke, as it has no 'gold standard' since 1971, and is being propped up for the time being by the Fed, until they pull the plug,
QE3, instituted September, 2012, is prbably the final nail in the coffin that will ultimately lead to the intentinal destruction of the derivatives market, which will bring down the world's economy.
So, get off your high horse, and do your own research, and find out the truth.
There are powers-that-be who are determined to make sure the U.S. never have the sovereign power it once enjoyed.

Romney would have drove a stake thru the heart of ObamaCare and stopped the UBER LEFTY Socialist movement.

THAT ALONE would have been enough and make him worthwhile.....except of course to SHEEP like you.


So NOW you are going to get what you voted for.

This is completely untrue. The United States is far from bankrupt, on the contrary we are the wealthiest nation on the planet and the evidence is all around us.

We have enough natural resources in the rocky mountains to rebuild an entire new industrial nation from scratch.

The scrap value of a cities like LA and Detroit is on the order of tens of trillions of dollars. I bet if you were to do an account of the total wealth of our nation it would be in the tens quadrillions of dollars.

This business of being wealthy but feigning poverty is the oldest trick in the book. Especially when you owe everyone else money. The USA owes money to pretty much everyone, and they all know that if any single one of the major holders asked for payment in full they would never see any of it. As things are going now we give the rest of the world SOMETHING, trade, food-aid, war, and something is better then nothing.

The USA is far from bankruptcy, believe what you want but this is just another scare tactic meant to confuse and control your mind.

Try adding up the value of all the steel piping in a city like LA, then do the copper piping, and then do the cars. There are 5 million registered cars in LA county alone. The platinum in the catalytic converters are worth 500 million dollars at scrap retail value.

The wealth is very much still there, its just hidden, and rightly so.

I do my own research, and I conclude that we have more money then we know what to do with.


Like I said believe what you want, it makes no difference to me.

What I find hilarious about this whole thing is that I am a wealthy person, I would never have to work a day in my life for a thousand years if I didn't want to. Even if we were to come clean and tell everyone the absolute truth you wouldn't believe it anyway. Amazing.

That's precisly why you can't understand, because you're a student. You're obviously well trained, as they've taught you to be arrogant about being allegedly educated (one of their agendas). Please be informed that the goal of the present education system (since 1910) is to get you to buy into their agenda (or system).
You're being condtioned, not educated, socialized, not free thinking, dumbed down, not a problem solver.
If education was the answer, please tell me how we got here in the first place.
Your college education is nothing more than 'work force training". It's not what you know, it's what can you do for the 'One World Economic System'.