Wtf, America!

[Blue Phoenix]

The whole loan and interest game is rigged the world over, we discover. Then, the corporate media does its best to blackout the story, you know, the one about the biggest fraud case in history.

JPMorgan Chase. MF Global. Standard Chartered. HSBC. Goldman Sachs. Terrorist funding, drug cartel money laundering, investor-swindling banksters-gone-wild. Who’s in jail? Bradley Manning. Who’s on the run from authorities? Julian Assange.

Disneyland. Anaheim. Cops gunning down and unleashing dogs on unarmed citizens, then responding to protests with cops geared-up like soldiers in Iraq. WTF.

Much more here> http://www.brooklynrail.org/2012/09/express/wtf-america

Way long but interesting nonetheless.

 

[backseatjuan]

Want to know wtf?

Well here is the answer http://www.sosuave.net/forum/showthread.php?t=197377

 

[Alle_Gory]

America will fall like other great nations before it. The people are more interested in bread and circuses than justice and reform. Even politics is a circus. No longer about truth and facts, that was for the greatest generation before us... before the boomers. Their parents.

What you're seeing, they don't even need to hide this anymore because people don't really care to do anything about it. And when they do, they're labelled as crazies and spoiled like the occupy movement. How dare the students not want to be saddled with mountains of debt! Why it's unamerican!

Be afraid if the ever come after you because nobody will stand with you and your suffering will be made a mockery.

 

[Bible_Belt]

The debt just hit 16 Billion dollars. We owe 11 Billion of that to the Federal Reserve, mostly for "quantitative easing," which is the funny-money policy that keeps driving the value of the dollar farther and farther down. Real inflation is more than double the official number. Every time we throw another billion bucks to the banker billionaires, it raises the cost of everything for everybody, and it is the poorest people who feel it the most.

 

[Burroughs]

The debt just hit 16 Billion dollars. We owe 11 Billion of that to the Federal Reserve, mostly for "quantitative easing," which is the funny-money policy that keeps driving the value of the dollar farther and farther down. Real inflation is more than double the official number. Every time we throw another billion bucks to the banker billionaires, it raises the cost of everything for everybody, and it is the poorest people who feel it the most.

The root of all modern day genocidal evil can be traced to the monstrous bankers who created the federal reserve...we are talking german and british banking groups, Rothschild and such.

Andrew Jackson fought against the same forces a century before 1913 and was nearly taken out twice...

the fact that common folk do not understand what money is is the main tragedy...of course this is on purpose...distract them with 'bread and circuses'

Some people who think that the Federal Reserve Banks are a United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

 

[Bible_Belt]

Whoops. It's trillion, not billion.

http://www.brillig.com/debt_clock/

That's enough money to provide infrastructure, education, and health care for everyone. But instead, we're going to slash all of those budgets so that we can keep up the interest payments to the billionaire bankers.

 

[Reyaj]

Lend 10 for 11 when only 10 exist.

This is why the Fed is forced to monetize the debt. To create more 11th dollars to allow people to pay interest.

The Government doesn't even need the Fed Reserve to put currency into circulation, Congress had that power before without requiring that we go into debt for it.

Of course, if the Fed was eliminated, who would receive all of those interest payments?

Why do we even bother paying it back?? Lets just keep borrowing and then tell the collectors to go f themselves!

 

[Burroughs]

Lend 10 for 11 when only 10 exist.

This is why the Fed is forced to monetize the debt. To create more 11th dollars to allow people to pay interest.

The Government doesn't even need the Fed Reserve to put currency into circulation, Congress had that power before without requiring that we go into debt for it.

Of course, if the Fed was eliminated, who would receive all of those interest payments?

Danger you know the answer to this....governments are puppets to the bankers that control their purse strings.

the fed wants to monetize the debt...thats the point in having it...and why not?...when you have slave populations to pay it back evermore...and government police states to insure the citizenry complies?

the US has been this way since 1913

this was the reason Lincoln was shot, for daring to issue currency backed by the US government and not indebting the nation to the banksters eager to finance the civil war...this is the reason wars are started in the first place...to make sure nations fall into debt...debt to be paid by the citizens...

...you see how this works...we the people...are slaves...slaves by the virtue of the taxes we pay...90% of which goes to pay interest to private banks.

read carefully:

Proclamation 2039 section of 48 Statute 1 (Exhibit 35):

“Whenever in the judgment of the Secretary of the Treasury such action is necessary to protect the currency system of the (U)nited States, the Secretary of the Treasury, in his discretion, may require any or all individuals, partnerships, associations and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals, partnerships, associations and corporations.” Notice now to whom we refer as “owning” the money!

this is why in 2008 when Secretary of the Treasury Hank Paulson ordered Congress to bailout the banksters . . . they had no choice. to this day, according to Rep Ron Paul, no one really knows for sure where America’s gold actually is or whether or not it has been shipped out of the country.

 

[taiyuu_otoko]

The debt just hit 16 Trillion dollars.

(edited: billion --> trillion)

That ain't nothing. There's more than ten times that in UNFUNDED liabilities. According to one estimate, 222 TRILLION. That's money that the government DOESN'T have, that it's agreed to pay in the future.

And this figure is indexed to inflation. So that's 222 TRILLION in present dollars it's promised to pay over the next 75 years.

The following article, and excerpt, shows that inflation, or hyper inflation is NOT A SOLUTION to his problem.

Only default is. It is inevitable. There will come a time in the future, this generation or next, when the government will just say: "We're not paying."

no pensions, no medicare, no social security.

What will happen then? Do you think the government is trying hard to fix the problem, or just getting ready for the inevitable?

source:http://www.mises.org/daily/6159/Hyperinflation-Is-Not-Inevitable-Default-Is

This brings us back to the deficit in the most important category: off-budget debt. The general public is almost completely unaware of this debt. This debt comprises mainly the obligations of the government for Medicare, Social Security, and federal pensions. These debts extend out for 75 years, according to the calculations of the government. These are extremely long-term debts.

Professor Lawrence Kotlikoff of Boston University has been monitoring the growth of these debts for several years. He relies on the statistics published by the Congressional Budget Office. This is legally a nonpartisan organization that is set up to provide information on various aspects of the government's budget.

Early in August 2012, Kotlikoff and financial writer Scott Burns published an article on the increase of the unfunded liabilities of the US government. According to the figures issued by the Congressional Budget Office, Kotlikoff concluded that there had been an increase in unfunded liabilities over the past 12 months of $11 trillion.

The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in nongovernment projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here.

The federal government at the present time is running annual on-budget deficits of about $1.2 trillion. It spends something in the range of $3.7 trillion. But it needs to have $222 trillion immediately to invest in private markets. It of course does not have this money. There is also the question of which markets could absorb a total of $222 trillion overnight and be able to gain a constant rate of return of, say, 5 percent per annum? It simply is not possible.

Kotlikoff's figures indicate that the federal government at some point will have to default on large portions of the long-term debt. The numbers do not lie. Kotlikoff's numbers are larger than most estimates, but other economists have estimated the total unfunded liability in the range of $90 trillion. This number is as unmanageable as $222 trillion.

 

[backseatjuan]

Illuminaty created their shadow global government using six major banks. Money of course controlls everything, including the culture and the education. The purpose is to create morons in order to keep conspiracy alive. Frankly, you having trouble with women is their fault.


P.S. So many of you now seem so damn awake that it makes me wonder if they are trying to pull something up with bank restructuring.

 

[Bible_Belt]

More than 50 million Americans short of food

Right now the drought in the U.S. is driving up the price of everything except beef, because farmer's can't afford to feed their cattle and have to sell them, which is creating a glut of supply. But the drop in beef prices will only be temporary; it will soon go up with everything else. The 2011 '50 mil' number from this article will be a lot more than that in 2013.

http://money.cnn.com/2012/09/05/news/economy/food-hunger/?google_editors_picks=true

More than 50 million Americans short of food

September 5, 2012

NEW YORK (CNNMoney) -- More than 50 million Americans couldn't afford to buy food at some point in 2011, according to federal data.

Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times.

Nearly 17 million Americans suffered from "very low food security," meaning they had to reduce the amount they ate, saying the food they bought did not last and they didn't have the funds to buy more. They typically found themselves in this situation a few days a month for seven months of the year.

The number of people in this category shot up by more than 800,000 from 2010, according to a U.S. Department of Agriculture report released Wednesday. Women living alone, black households and the poor and near-poor were affected the most.

 

[Alle_Gory]

What better way than to soak the few responsible people and garner the votes of the parasites who get everything for free?

Just saddle the middle class with more debt and give the super rich (not even regular rich) some more tax refunds. That will solve everything. Squeeze that rock until it bleeds blood.

 

[5string]

Right now the drought in the U.S. is driving up the price of everything except beef, because farmer's can't afford to feed their cattle and have to sell them, which is creating a glut of supply. But the drop in beef prices will only be temporary; it will soon go up with everything else. The 2011 '50 mil' number from this article will be a lot more than that in 2013.

http://money.cnn.com/2012/09/05/news/economy/food-hunger/?google_editors_picks=true

More than 50 million Americans short of food

September 5, 2012

NEW YORK (CNNMoney) -- More than 50 million Americans couldn't afford to buy food at some point in 2011, according to federal data.

Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times.

Nearly 17 million Americans suffered from "very low food security," meaning they had to reduce the amount they ate, saying the food they bought did not last and they didn't have the funds to buy more. They typically found themselves in this situation a few days a month for seven months of the year.

The number of people in this category shot up by more than 800,000 from 2010, according to a U.S. Department of Agriculture report released Wednesday. Women living alone, black households and the poor and near-poor were affected the most.

Yea, and 48 million Americans are on food stamps.

 

[backseatjuan]

I see that we have the rich v poor chit chat here. Strangely the world political elite is after communist totalitarian state. Thus somewhere some of you are buying into the mainstream conspiracy bull sh't.

 

[Burroughs]

The removal of the the FED and the primacy of the global central banks is priority 1, 2, and 3....

the problem is so few people including scholars among the rich and middle class understand the nature of the problem at hand.

John F Kennedy said it best and was destroyed because of it....study it closely and note how long ago he said it...the same people are in power today


"The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions. Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is very grave danger that an announced need for increased security will be seized upon those anxious to expand its meaning to the very limits of official censorship and concealment. That I do not intend to permit to the extent that it is in my control. And no official of my Administration, whether his rank is high or low, civilian or military, should interpret my words here tonight as an excuse to censor the news, to stifle dissent, to cover up our mistakes or to withhold from the press and the public the facts they deserve to know."

-JFK

 

[Alle_Gory]

Tax refunds means the money was stolen to begin with. If the rich paid millions and millions in taxes, they still gave a lot more than the "middle class".

They gave less. It's a percentage. They also gave even less when taking into account that the only reason their wealth exists is because there was a middle class there to work for them and a government to create the environment and the infrastructure.

A CEO doesn't work hundreds of hours a day. He delegates tasks.

The middle class chooses to go into debt. They choose to have the newest SUV, I-gadget or McMansion. Nobody saddles the middle class with debt except themselves.

True.

 

[Alle_Gory]

The absolute value of what they give is way beyond the Middle Class and what they pay.

Cannot be proven. Argument is invalid.

The rich by far pay the majority of the taxes to Uncle Sam.

Percentage wise, they do not.

The government didn't create any infrastructure on it's own, first it had to take to create it.

Ok. Then lets dig up the original founders and give them some money.

The reason wealth exists is because it is created, not by governments, but by people, their ideas and the risks they take with their capital to start a business.

I'm sure Romney created his massive amounts of wealth by creating jobs and value. Oh wait, he took apart businesses and played shady games to sell off assets and saddle creditors with worthless debt and put everyone out of a job? Kind of like Trump except even scummier?

Interesting. And not only that, but he owes his entire existence to government assistance his parents received? One could argue that he didn't create anything on his own without the government, first he had to take to create it.

Most of the poor are there because they are either stupid or lazy. And that is why they go into debt without thinking.

After talking to people and hearing stories, I'm inclined to agree. But mostly I'm arguing about the middle class and these damn high end welfare queens.

Poor people look at money for a tool to acquire "things".
Middle class look at money as a means to make a living.
Rich people look at money as a tool to make more money.

Ultra rich look at money as a weapon.

Educate the poor and middle class if you want to fix their problem, don't punish the rich for making smart decisions or working hard.

Kind of hard when you have whole organizations created with the sole intent of keeping people stupid and indebted and confused.

 

[Blue Phoenix]

The only reason the middle class has a job is because of the entrepreneurs. And those CEO's work enormous hours (with the exception of nepotism type companies or those with Government connections, which by the way is exactly WHY you DON'T want the government meddling in private markets and taking people's money).

If the poor didn't go into debt for depreciating assets, then they may be rich too. Hell I'm pretty fvking rich because I went into debt to purchase appreciating assets. Most of the poor are there because they are either stupid or lazy. And that is why they go into debt without thinking.

Poor people look at money for a tool to acquire "things".
Middle class look at money as a means to make a living.
Rich people look at money as a tool to make more money.

Educate the poor and middle class if you want to fix their problem, don't punish the rich for making smart decisions or working hard.

The problem wih the rich (government or people) is that they have so much leverage that it starts to "destabilize the system", herein caos reigns supreme.

http://en.wikipedia.org/wiki/Leverage_(finance)

To stir up the subject some more:

Average people have a lottery mentality. Rich people have an action mentality.

While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems. Middle class people are waiting for God, government, boss or their spouse.

Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge. Meanwhile, the masses are convinced that master's degrees and doctorates are the way to wealth, mostly because they are trapped in the linear line of thought that holds them back from higher levels of consciousness.

Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

While the rich don't put much stock in furthering wealth through formal education, they appreciate the power of learning long after college is over. Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful. The middle class reads novels, tabloids and entertainment magazines.

Average people play it safe with money. Rich people know when to take risks.

Average people love to be comfortable. Rich people find comfort in uncertainty.

For the most part, it takes guts to take the risks necessary to make it.

 

[Bible_Belt]

The government didn't create any infrastructure on it's own, first it had to take to create it.

But what if it took it from a business making profits by using the infrastructure? It's chicken and egg as to which came first. For example, without the taking to build a highway system, there could be no trucking companies. If the trucking company were to make profits off the infrastructure, creating wear and tear at the same time, someone has to pay for that upkeep or eventually there will be no more trucking companies. I know they do already through fees and fines, but every business uses infrastructure. It's just assumed that the work force will be literate, won't have contagious disease, and will have a road to drive on to get to work. Business doesn't pay for any of that if the government doesn't make them.

And if we don't take from the rich to at least feed the poor, it's only a matter of time before the poor storm the Bastille and dust off the old guillotine. One of the many functions of government is to negotiate a compromise so that doesn't happen.

 

[5string]

Say for example, we have a guy who's got over two mil in the bank. He started out with nothing but college loans. Now has a six digit salary. Worked his a$$ of for what he's got. Not to say the poor and sick should not get help, but here is my question:

Would you think this guy should have to pay even more in taxes to fund entitlements? Is this the guy our current president thinks does not pay his fair share all the while promoting his class warfare?

I'm with Danger on almost all of the points he has made, especially post #20.