Debt per person is now $23,000. $24,000. 644 Trillion dollars 645 Trillion Dollars in Derivatives floating around. Interest on debt is 1 Trillion per year. Medicare fraud is 38 Trillion 41 Trillion. US DEBT CLOCK
I can't stand Glen Beck. He is a shill. Like many others he tells 90% truth and 10% blatant lies and cover ups. Where he really could make a difference he folds up.
I agree with the previous comment. But one should also take into account that he's switched to FOX News and FOX News is anti Obama. So, he's right but in the process he's bashing Obama as well. The current mess the US is in gives Beck a excellent opportunity to rant.
All of us here know deep inside no matter what the Tax rate will never be 80%. we are simply going to print more money to pay interest on the debt and the value of the US$ will not be affected by printing because the world still thinks its very good value and will keep buying them for many many years to come.
The tax rate will be very high, but by then the USA will have defaulted on its loans anyway. There simply is no way to pay off our amount of debt to the bankers; that is the point.
The same banker symphony of destruction that played out in Argentina is now here, in the good old US of A.
Within a few months the dollar will be written off as worthless, and millions of Americans will be wiped out financially. Hyperinflation will be a fact of life. Savings, checking, IRAs, pensions, varible rate contracts, many loans all wiped out.
Millionaires will become pennyless bums. The whole house of cards will collapse.
Only those people that have hard commodities that other people need and want will survive. The streets will be littered with 100 bills and no one will stoop over to pick them up.
I totally agree with Anonymous September 9, 2009 2:01 AM, stating the US will not be able to pay its bills. I am predicting 10/1/09 will be the date of the collapse, end of the fiscal year for our criminal govt. And then, BIG time like we have never seen or dreamed, will hit the fan. The beginning of the end...War with Iran, fake swine flu/forced vaccines and the collapse of the US economy....Fun times ahead for us Americanos..Hello Camp FEMA!
Glen Beck is a total fake, a horses arse. He screwed up big time last week by announcing the Obama green snot job Czar (sic) was a 911 truther. Ha Ha Ha, turns out 68+% of Americans are 911 truthers, I mean come on, do you really believe anything this criminal govt says? Beck lost half of his "fans" that day-Ha Ha Ha, what a joke...
It isn't 'free markets', 'less regulation', and 'globalization' that will save us. It is these 3 things that CAUSED it.
BUT, I'll at least say that the psycho Glenn Beck is right that the numbers are a major problem.
What he doesn't say is HOW MUCH of those derivatives are worthless. Claims he doesn't know. Well ~300 trillion are. Over 23 trillion already pooled in by the fed.
This October and beyond is going to be a brave new world.
The last thing is that Beck talks about this like it's Obama's problem. Oh it's his problem NOW. One which he is acting a fool. But make no mistake, what got here was REPUBLICANS, and THEIR policies. Democrats did their part to. So instead of blaming it on Obama solely, he should blame it on ALL politicians of the last 40 years, basically, and note that what got us here was generally speaking 'conservative thinking and policies' enacted by BOTH sides.
The first 2 anonymous are a little tough on Glenn. In the first place, I personally have not caught him lying so far. He might have misunderstood what was going on. Let’s assume he does. And let’s assume he does tell only 90% of the truth. How about other media outlets that tell 100% lies. Why won’t you jump all over those guys for lying 24/7? I think in general Glenn is right – your country is being flashed down the toilet, while the two of you can’t figure out if you can or cannot stand Glenn Beck. Apparently both of you can stand the Federal Reserve screwing your country.
I can't stand Glen Beck. He is a shill. Like many others he tells 90% truth and 10% blatant lies and cover ups. Where he really could make a difference he folds up.
ReplyDeleteI agree with the previous comment. But one should also take into account that he's switched to FOX News and FOX News is anti Obama. So, he's right but in the process he's bashing Obama as well. The current mess the US is in gives Beck a excellent opportunity to rant.
ReplyDeleteWhat does it really mean???
ReplyDeletehttp://pencildicksvstheworld.blogspot.com/2009/09/china.html
Kind suggestion, Instead of a big ass video that takes up all that room, just adjust the code width and height to:
ReplyDelete320 by 265
All of us here know deep inside no matter what the Tax rate will never be 80%.
ReplyDeletewe are simply going to print more money to pay interest on the debt and the value of the US$ will not be affected by printing because the world still thinks its very good value and will keep buying them for many many years to come.
The tax rate will be very high, but by then the USA will have defaulted on its loans anyway. There simply is no way to pay off our amount of debt to the bankers; that is the point.
ReplyDeleteThe same banker symphony of destruction that played out in Argentina is now here, in the good old US of A.
Within a few months the dollar will be written off as worthless, and millions of Americans will be wiped out financially. Hyperinflation will be a fact of life. Savings, checking, IRAs, pensions, varible rate contracts, many loans all wiped out.
Millionaires will become pennyless bums. The whole house of cards will collapse.
Only those people that have hard commodities that other people need and want will survive. The streets will be littered with 100 bills and no one will stoop over to pick them up.
Too much Glen Beck on this sight for me. If I want to listen to a jackass,I'll find one that at least makes me laugh.
ReplyDeleteI totally agree with Anonymous September 9, 2009 2:01 AM, stating the US will not be able to pay its bills. I am predicting 10/1/09 will be the date of the collapse, end of the fiscal year for our criminal govt. And then, BIG time like we have never seen or dreamed, will hit the fan. The beginning of the end...War with Iran, fake swine flu/forced vaccines and the collapse of the US economy....Fun times ahead for us Americanos..Hello Camp FEMA!
ReplyDeleteGlen Beck is a total fake, a horses arse. He screwed up big time last week by announcing the Obama green snot job Czar (sic) was a 911 truther. Ha Ha Ha, turns out 68+% of Americans are 911 truthers, I mean come on, do you really believe anything this criminal govt says? Beck lost half of his "fans" that day-Ha Ha Ha, what a joke...
lol free markets is what created the derivatives.
ReplyDeleteIt isn't 'free markets', 'less regulation', and 'globalization' that will save us. It is these 3 things that CAUSED it.
BUT, I'll at least say that the psycho Glenn Beck is right that the numbers are a major problem.
What he doesn't say is HOW MUCH of those derivatives are worthless. Claims he doesn't know. Well ~300 trillion are. Over 23 trillion already pooled in by the fed.
This October and beyond is going to be a brave new world.
The last thing is that Beck talks about this like it's Obama's problem. Oh it's his problem NOW. One which he is acting a fool. But make no mistake, what got here was REPUBLICANS, and THEIR policies. Democrats did their part to. So instead of blaming it on Obama solely, he should blame it on ALL politicians of the last 40 years, basically, and note that what got us here was generally speaking 'conservative thinking and policies' enacted by BOTH sides.
The first 2 anonymous are a little tough on Glenn. In the first place, I personally have not caught him lying so far. He might have misunderstood what was going on. Let’s assume he does. And let’s assume he does tell only 90% of the truth. How about other media outlets that tell 100% lies. Why won’t you jump all over those guys for lying 24/7? I think in general Glenn is right – your country is being flashed down the toilet, while the two of you can’t figure out if you can or cannot stand Glenn Beck. Apparently both of you can stand the Federal Reserve screwing your country.
ReplyDelete