Tuesday, March 22, 2011

Feds Admit: USA Is Insolvent

The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.
The President of the Federal Bank of Dallas, Richard W. Fisher
Jean Ayissi | AFP | Getty Images


"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point."
\But he added he was confident in the Americans' ability to take the right decisions and said the country would avoid insolvency.
"I think we are at the beginning of the process and it's going to be very painful," he added.
Fisher earlier said the US economic recovery is gathering momentum, adding that he personally was extremely vigilant on inflation pressures.
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21 comments:

  1. Glenn Beck, the Little Crying Girl says she helped the banksters and her owners at faux news to tow the line and help propagandize the sheep who watch fox news and pull the wool over their eyes as much as possible.

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  2. We can't be insolvent as long as the Ben Bernank has ink for his printer.

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  3. mann coulter says uranium is good for you, why does'nt she drink some then, fucking liar

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  4. ...But he added he was confident in the Americans' ability to take the right decisions and said the country would avoid insolvency...

    So it's the responsibility of the American people to make the right decisions to avoid insolvency?

    Decision #1 ABOLISH THE UNFEDERAL RESERVE

    Decision #2 Return the US monetary system back to the gold/silver standard.

    Decision #3 Anyone who disagrees can move to China.

    ReplyDelete
  5. Just to be clear, they did not say "USA is insolvent" they said it will be insolvent if we keep the same course. Certainly, they would continue to say this well past the point of insolvency, but we want to be more careful with our reading comprehension when posting headlines for the sake of legitimacy. As 5:47pm was alluding to, American's abilities have nothing to do with this. The power, unfortunately, lays in the hands of those who have proven themselves to either be unable or unwilling to make the right decisions. The average American can only try and protect themselves and their families anymore.

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  6. It's insolvent because we failed to keep money in our borders.

    All the money went to Asia. Pretty much every large investor has spent the past 2-3 years investing heavily in off shore accounts. And considering that something like the top 2% own 80% of the wealth, if they are sending a good 60% of their wealth off shore that means this country just lost all of that.

    It really doesn't matter what the rest of us do. We are totally, completely irrelevant. Wall St. got bailouts not because they truly did have any problems---they could have pulled out of their off shore accounts---but because the US government did not have the guts to demand they pull out and Wall St. used its pull to get more ill gotten infusions.

    When you are getting funded by the elite in the US you can never actually be in danger.

    ReplyDelete
  7. As in the Gulf now in Japan governments lie in order to protect the guilty and their safety "regulators" in order to prevent any panic.

    Have you only ever heard of Chernoble And 3 Mile island “ meltdown” events ?

    What about that used nuclear material stored in tanks within in the nuclear plants in Japan .

    Could these materials really cause catastrophic disaster trouble if the cooling systems have already broken down ?

    Could the contamination and radioactive particles spread to America in the event of an exsplosive event ?

    Now clearly the exposed overheating waste nuclear material and storage in Japan is different than that described in the event described below , where an area the size of Belgium is now an uninhabitable ,resticted access or closed “national Park”, following an explosion of waste nuclear materials that lost their coooling system.

    Honshu island, Japan ,is not very big but very highly populated .Milliona are at risk if not already being exposed.

    Nuclear Crisis Flashback:The Kyshtym Disaster at Mayak in 1957

    http://atomicnewsreview.org/2011/03/18/nuclear-crisis-flashbackthe-kyshtym-disaster-at-mayak-in-1957/

    On September 29, 1957 the Mayak nuclear fuel reprocessing plant, located near Kasli in Russia, was the site of an enormous explosion which released serious amounts of radioactive materials into the environment. Almost 500,000 people were exposed to dangerous levels of radiation and died of cancer and multiple kinds of illness years after, also 200 people were killed in the explosion that rendered a whole region (the size of Belgium) a complet nuclear waste land for years and still is today very contaminated.
    How did it happen
    The explosion was centered in a radioactive waste storage facility located at Mayak. The tanks were located underground, and the waste that was stored in them was kept there for a period of up to a year before being reprocessed. A cooling system failure occurred in one of the tanks, which caused all of the coolant in the facility to evaporate. Gradually, the tanks began to heat up, and when the temperature hit 350 C the explosion occurred. It hit with such force – estimated at 75 tons of TNT – that 20 million curies of radiation were released into the immediate area. This radioactive material either remained in the atmosphere, where it formed a large cloud that moved through the Russian province of Chelyabinsk, and fell down upon the occupants in a 23,000 square kilometer radius.
    See
    http://en.wikipedia.org/wiki/Kyshtym_disaster

    On September 29, 1957 the Mayak nuclear fuel reprocessing plant, located near Kasli in Russia, was the site of an enormous explosion which released serious amounts of radioactive materials into the environment. Almost 500,000 in one of the tanks, which caused all of the coolant in the facility to evaporate. Gradually, the tanks began to heat up, and when the temperature hit 350 C the explosion occurred. It hit with such force – estimated at 75 tons of TNT – that 20 million curies of radiation were released into the immediate area. This radioactive material either remained in the atmosphere, where it formed a large cloud that moved through the Russian province of Chelyabinsk, and fell down upon the occupants in a 23,000 square kilometer radius.

    According to Gyorgy,[11] who invoked the Freedom of Information Act to gain access to the relevant Central Intelligence Agency (CIA) files, the CIA knew of the 1957 Mayak accident all along, but kept it secret to prevent adverse consequences for the fledgling American nuclear industry. Only in 1990 did the Soviet government declassify documents pertaining to the disaster.[12][13]

    ReplyDelete
  8. Parents have been advised not to give children water from the city's taps after some samples contained more than double the legal limit of the hazardous substance.
    The discovery increases fears of food and water safety nearly two weeks after the devastating earthquake and tsunami which killed thousands and damaged a nuclear plant in Fukushima, leading to a radiation leak.
    Source;
    http://www.telegraph.co.uk/news/worldnews/asia/japan/8399928/Japan-nuclear-crisis-Tokyo-water-unsafe-for-children.html
    So ,milk and green veges from some provinces is already off the Menu and now tap water too.

    Bottled water is also in short supply as it is being shipped to the earthquake and tsunami devastated areas.
    How can even powdered baby formulas be mixed?

    Babys should now it seems, be fed like Popeye only on tinned spinach actualy canned before the nuclear event date ?

    ReplyDelete
  9. Read the Book of the Five Rings, Wen Tzu, Lau Tzu or the Tao Te Ching, the Art of War, or the Analects.

    What you'll find out quickly is how unqualified our leaders are to rule the nation(s). We have been obstructed by tyrants, morons, perverts, thieves, sociopaths, and financially clueless inbreading families for the last 100 years or so.

    This began way back in the 1800s when American Progress became an ideal target to dictate. Andrew Jackson began the Manifest Destiny, extermination of the natives, and that gave way to industrial corporatism. The banking families that planted their seeds then in the US, knew the best way to manipulate people was to make each generation dumber than the last. They designed the school systems in America to make kids grow into uneducated clones who would live in fear of others and lack the intelligence to question what was accepted as truth/reality.

    That's exactly like the Euro(EGO)centric education system in European countries, except there's no education involved!

    As you are probably aware, we've hit rock bottom with Generation Y and X. There is no way we could get any fatter, lazier, dumberer-er, and/or more insecure than these last few generations.

    The Corporate and Socialist TV programming on each channel has melted our brains and desensitized us to violent brutality and continues to grip the consciousness of its victims, diverting them from the real world.

    Even the internet, while important for some information, is nothing more than a burnout attractor used to warp minds who would spend their time on it for more than an hour a day. NOTICE each year there seems to be way more popups, spam, and other distracting impulse agitators!? It's a flood not only of money grabbing scams, but idiotic fantasies that people can't express in real life!

    Sorry for digressing. To return to my original point, the books mentioned, I thought of something today. I saw an advertisement showing a sham school of business on another site. Trade schools and universities are desperate to enroll anyone since the birth of the student loan scam that came about with the birth of the Deptartment of Education, coincidentally. This ad was showing how to understand the way business is run, and yet, it was revolving around the Stock Market.

    Think about this for a second. We've become this cloned, collectivized, that business schools are based on teaching how being able to predict numbers on an electronic board are the way to make profit. No more produce, no more manufacturing, no more free market for small business owners, and no more inventions unless they are related to electronic entertainment.

    Anyways, to close this segment, the "Conservative" Baby Boomers of today seem to love telling the 99ers to just go get jobs at McDonalds. The funny part is that when their teens or 20 something year old kids are no longer able to get hired anywhere and have to sit home all day, they'll demand the grown ups go get better jobs. LOL

    ReplyDelete
  10. I'm still waiting for Homeland Security to come knocking on my door because I'm always posting about revolution. The bankers and the politicians have so fucked up this plant that we are totally screwed. And the majority of people in the U.S. are unbelievably stupid. I hear them call up on CSpan and talk radio and make statements that you just know come right off Fox News.

    Yeah, Anne Coulter says radiation is good for you. Rush says that oil spills are good for our waterways. All the dumb right-wingers say global warming is a hoax, while the glaciers melt and we get crazy weather. All you hear about is Obama's birth certificate and the religious wingnuts trying to make rape and no birth control legally acceptable. Nobody in the media is following up on the Gulf spill just like they never follow up on any mine disasters.

    I told you, I'm hiding out in a rural area with a cache of food, jewelry, and liquor. Congress is not going to do anything to solve the our problems, and I feel like I have no other choice.

    ReplyDelete
  11. Sharonsj, DHS will be right over to pick you up. Big Sis knows you're hiding out in rural PA getting drunk wearing silver jewelry and a MENSA propeller head beanie. Please pack one bag for your ride to the FEMA camp.

    ReplyDelete
  12. If thousands of people are dying in the Gulf, then I would like to see more documentation. A few videos here and there is not proof.

    ReplyDelete
  13. I love how one person(s) keeps telling everyone they are going to FEMA camps just because they disagree with them. If anyone is going to a FEMA camp it's the one's that are the biggest a-holes first. Karma and all.

    ReplyDelete
  14. 3:19 - No, they're going to FEMA camps because they are Leftist REVOLUTIONARIES who advocate the OVERTHROW of the U.S. Government. It's called TREASON. Get it, MORON?

    ReplyDelete
  15. Yeah, I get it: you're a little Nazi soldier who thinks that anyone who opposes the government is a traitor and ought to be shot or hanged (or thrown into a cattle car with a bullet in the back of their head). You're quite transparent for such a dense lug. You would do well on Qaddafi's team, supposing they had any use for such a twit.

    ReplyDelete
  16. 8:05 - No, moron, you don't get it. Otherwise, you'd be able to CLEARLY articulate to me and other readers what EXACTLY what you stand for. Are you a patriotic and law abiding American loyal to the U.S. Constitution? It's simple question with a simple answer - "Yes" or "No". If, it's "yes", we're on the same side. If it's "no", then you're no different than the leftists seeking the violent overthrow of the U.S. Government. End of story.

    ReplyDelete
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