If I was broke...had no money at all and was in debt way over my head...I would never go to the bank to borrow money and give it to my neighbors so they could better themselves.
Why in the hell are we we running this country any differently? This is just retarded to think that it could ever make sense what so ever!!!
Comments (10)
UNFORTUNATELY THE CHILD IN THE WHITE HOUSE HAD SO MANY TEMPER TANTRUMS, THEY GAVE HIM HIS OWN PRINTING MACHINE, INK AND PAPER TO PRINT ALL HE WANTS WITHOUT REGARD FOR DEVALUATION. WHY SHOULD ANYTHING A MUSLIM KENYAN USURPER IN THIEF DOES, MAKE SENSE? THE OBJECT IS DESTRUCTION OF USA FROM WITHIN, WITHOUT A BULLET FIRED. KRUSCHEV WAS RIGHT.
People like Obama believe in spreading your wealth around BUT if you have no wealth left they are more than happy to spread around the wealth your children or grandchildren might have someday in the future.
Both the Legislative (Congress) and the Executive (POTUS) branches should be tried for incompetent financial management.
The economic and reinvestment (Porkulous) Act was loaded with unnecessary and unjustifiable (wasteful) spending. The unbalanced (deeper in debt) 2010 budget was the ultimate in incompetent fiscal management of OUR money.
The problem is government representatives and officials will keep wasting money on entitlements (aka increasing welfare) because it "buys them votes" or ensures they keep their jobs.
Where were you when freakin' Bush was in?!? He doubled the debt with NOTHING to show for it!!!
I believe that I was right here...you do know that thias website was not here though right?
Bush did double the debt...but we did have alot to contend with in 8 years too. Bush spent less money in 8 years than Odummy did in 4 months though...where are we going to be in 4 years with this idiot?
We are being robbed. We go broke with illegal wars, off shoring payments, etc. They already have our money...and then make us borrow it again. This cycle keeps them in power and fat with our money.
They did this to S. America for many years. They got smart and paid off the world bankers. Now they have to do the same to us to survive.
We're not being robbed. What is happening here is the systematic destruction of our currency. They would never have the b@11s to raise taxes by 5% so they increase the money supply by 5% instead. These actions, through inflation, do exactly the same thing. The worst case scenario is hyperinflation leading to our need for a new currency. Anybody for the Amero? This is a serious issue since we as the United States would not longer have control over the world currencies. We took it away from Great Britain after WWII and Europe is essentially trying to be the next one on the block. This is truly insanity as we're cutting our own throats economically.
The collapse of the American economy event list:
1) Congress & Clinton: Passage of S. 900 [106th]: Gramm-Leach-Bliley Act of 1999, which gutted the Banking Act of 1933 (Glass-Stegall Act). This legislation allows banks to buy, sell, and create securities.
2) Congress & Bush: Passage of H.R. 4541: Commodity Futures Modernization Act of 2000, which legalized credit-default swaps (CDS) and made derivatives legal. A derivative is a form of financial gambling upon assets that are not owned by the better and those bets can also be hedged, which is likened to buying insurance on your bet. Securities and Exchange Commission (SEC) never had jurisdiction to moderate or regulate derivative betting, at least during Bush Jr. Administration. Derivative betting quickly became larger than the combined economies of the entire world.
3) Bush Jr. and Secret Societies: The false flag operation called 9/11. Pentagon losses $2 trillion dollars, the records of which are located in the twin towers. The owner of the twin towers would have had to spent millions of dollars to remove asbestoses and had filed multiple requests to demo the twin towers; requests where denied. Bush Jr. admits prior to 9/11 that he wanted to be a war time president. Days after 9/11 a video tape shows an actor posing as Ben Laden, taking credit for the 9/11 attack, it becomes the slim evidence to linking the Taliban in Afghanistan. (The evidence that 9/11 was an inside job is more overwhelming than the evidence it was not. Please take the time to research it yourself.)
4) Bush Jr., Congress, and Supreme Court: The rise of the terrorism tactic to demonize a group of humanity that never attacked the United States, aka. Taliban. United States attacks a sovereign country without permission of the United Nations in direct violation of a signed treaty; this action is in direct violation of the constitution of the United States. The Supreme Court did not uphold the constitution. The United States and Afghanistan war starts October 7th, 2001. Then on May 1, 2003, Bush Jr. declares war on Iraq because they had weapons of mass destruction (lie), to end Saddam Hussein's support for terrorism (lie), and to free the Iraqi people (their system of government kept the religious fanatics in line with fear of a central power). The real reason to invade Iraq was resources (oil), war profiteers (Halliburton, ete.), military defense industry inventory turnover (stimulate the war economy), Bush Jr. will to be a famous war time president and fulfill what daddy started. Whenever in doubt, always follow the money.
5) Bush Jr. and Congress: War Funding - During Bush Jr. two terms, programs were cut or defunded to pay for the war. Much of the war was funded by debt. The fear here is that if taxes were raised to pay for the war in the time it was fought then the people would take more notice of it and complain. To compound the debt and to keep party members complacent, multiple tax breaks for the rich were enacted during a period of two wars.
6) Economy: Stock market crash of October 6, 2008. On October 3, 2008 the DJIA was 10,325, to October 6, the DJIA lost 330 points to 9,995. The DJIA lowest point was on March 6, 2009, at 6,626. Presently, dark pools and insider trading is artificially pumping up the valuation of the DJIA to its present valuation, June 5, 2009, of 8,763. Dark Pool and Insider trading Link: http://www.marketskeptics.com/2009/06/dark-pools-and-insider-trading-growing.html
7) Wall Street Bailout: Hundreds of U.S. banks get bailout money, the big ones are Wells Fargo $25 billion, State Street Corp. $2 billion, Bank of America $25 billion, JPMorgan Chase $25 billion, Citigroup $25 billion, Morgan Stanley $10 billion, Goldman Sachs $10 billion, Bank of New York Mellon $3 billion, Regions Financial $3.5 billion, Sun Trust Banks $3.5 billion, US Bancorp $6.6 billion, BB&T $3.1 billion, American Express $3.4 billion, just to name a few. For the full list visit: http://money.cnn.com/news/specials/storysupplement/bankbailout Banker bailout money to institutions, whose practices would have been considered fraudulent, prior to 1999, is the direct sacking of the U.S. treasury and dilution of the money pool. For those hard working Americans, this means your wages buy less and less as inflation rises.
8) Bush Jr. & Congress: Governments laissez-faire deregulation policies has opened the financial door to creative mortgage industry where predatory lenders seek out marginally acceptable loan applicants to fill collateralized-debt obligation (CDO) with loan assets of marginal worth. Add a little insurance on the CDO, in case the asset defaults, and sell to the world market with triple AAA credit rating. Most of the creative loans contained scheduled rate increases around 2009. The system was set up to bust.
9) United States Economy Erodes then Collapses: The recession began officially in December 2007 and continues to this day. As of June, the national average of unemployment is 9.4%. Unemployment determination does not count those people who have run out of unemployment benefits, lost hope of finding a job, or underemployed. The actual figure is nearer to 20% national average. The economy is determined to be in a depression once unemployment figures reach 10% or more.
10) Government bond market collapse: Foreign nationals had started to reduce the purchasing of U.S. long term bond securities in January 2009 to present. On March 23, 2009, Federal Reserve Bank announces that it is now going to monetize the U.S. debt by committing to buy up to $300 billion in long-term Treasuries over the next six months. The Fed also said it would buy up to an additional $750 billion in agency mortgage backed securities, adding to an existing program to buy $500 billion of agency Mortgage Backed Securities (MBS). It will also double the size of its purchase program for Government Sponsored Enterprise (GSE) debt to $200 billion from $100 billion. Each time the Federal Reserve Bank purchases a junk of the securities, all markets jump in prices as large infusions of unbacked digital currency is created, aka inflation. It is now widely recognized that the bond rating for U.S. securities will be downgraded from AAA to AA, soon.
11) Complete Collapse of the US Dollar: Very few are questioning if this will happen, but when.
22 people are against this post? I see that other countrys are allowed to vote on our demise hear too...or maybe they just posted from East L.A., Georgia or Ohio?
Big Rooster my post about the idea of the Department of Waste got 58 support and then ended up with a negative. Go figure. The waste people don't want it?