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The Debt Bomb ~ John Stossel

John Stossel ~ The Debt Bomb

What the US actually owes in terms of real debt, including unfunded liabilities is something on the order of 16 times the GDP of the entire planet. We're talking trillions upon trillions of dollars, yet we only take in about 2 trillion dollars in annual tax revenues. Even if the government suddenly cut all spending it would take generations to pay it all off. This is what the banksters know and what the "gubment" thinks we're all too stupid and/or too addicted to mindless consumerism to figure out (and sadly most of the general populace in fact is). THIS is why Chase has initiated the "lockdown", which all the other major financial institutions will follow in lockstep with soon enough, then it will be "crash and let it burn baby"...The actual number is around 90 trillion... and if that doesn't scare the begeepers out of people, then they must be numb.



The Alex Jones Show : Greg Palast, John McAfee - Monday October 21 2013

Defending Our Birthrights
Date: 10/21/2013
Alex comes to you live on this explosive, worldwide Monday, October 21 broadcast of the Alex Jones Show. We the People, the Fourth Branch of government, are rising up to assert our birthrights as we did this past weekend at the Alamo. John McAfee, the founder and former CEO of the McAfee anti-virus software company, joins Alex to discuss his latest gadget, the D-Central, which creates decentralized computer networks not connected to the Internet, protecting our Fourth Amendment from the NSA. New York Times-bestselling author and freelance journalist Greg Palast also joins the show to discuss currency controls and how they would play into the American economic endgame. Alex takes your calls throughout the transmission.


GERALD CELENTE - Financial Survival Radio - October 17, 2013

Gerald Celente discusses the ACA and Debt Limit Ceiling.



Gerald Celente
The Martial Artist of Trend Forecasting —The purpose of trend forecasting is to provide insights and directions in anticipation of what the future may bring – and to be prepared for the unexpected. Gerald Celente, a Close Combat practitioner and black belt trainer, well understands the importance of proacting rather than reacting: "The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you."

Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) – "Far better than Megatrends," and publisher of the internationally circulated Trends Journal newsletter.

Political Atheist — Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be.

Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, make him an optimist or pessimist – it’s simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.

Globalnomic® Trend Forecaster — Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends.

The world's only trends analyst covering 300 diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to businesses and governments worldwide. Celente also designed the nation’s first professional course in trend forecasting.

The proof is in his past — Gerald Celente has earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. Among them:
Celente coined the term "clean foods" in 1993 and predicted sustained growth in organic products in 1988.

When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the "Gold Bull Run." Since that time, with pinpoint accuracy, he said when, why - and how high - gold would go.

Ron Paul Texas Straight Talk 10-21-2013 ~ Debt Ceiling Deal: DC Wins, Americans Lose




Debt Ceiling Deal: DC Wins, Americans Lose

Washington, DC, Wall Street, and central bankers around the world rejoiced this week as Congress came to an agreement to end the government shutdown and lift the debt ceiling. The latest spending-and-debt deal was negotiated by Congressional leaders behind closed doors, and was rushed through Congress before most members had time to read it. Now that the bill is passed, we can see that it is a victory for the political class and special interests, but a defeat for the American people.

The debt ceiling deal increases spending above the levels set by the "sequester." The sequester cuts were minuscule, and in many cases used the old DC trick of calling reductions in planned spending increases a cut. But even minuscule and phony cuts are unacceptable to the bipartisan welfare-warfare spending collation. The bill also does nothing to protect the American people from the Obamacare disaster.

As is common in bills drafted in secret and rushed into law, this bill contains special deals for certain powerful politicians. The bill even has a provision authorizing continued military aid to opponents of the Ugandan "Lord's Resistance Army," which was the subject of the widely-viewed "Kony 2012" YouTube videos. Most of these unrelated provisions did not come to public attention until after the bill was passed and signed into law.

Members of Congress and the public were told the debt ceiling increase was necessary to prevent a government default and an economic crisis. This manufactured fear supposedly justified voting on legislation without allowing members time to even read it, much less to remove the special deals or even debate the wisdom of intervening in overseas military conflicts because of a YouTube video.

Congress should have ignored the hysterics. A failure to increase government's borrowing authority would not lead to a default any more that an individual's failure to get a credit card limit increase in would mean they would have to declare bankruptcy. Instead, the failure of either an individual or a government to obtain new borrowing authority would force the individual or the government to live within their means, and may even force them to finally reduce their spending. Most people would say it is irresponsible to give a spendthrift, debit-ridden individual a credit increase. Why then is it responsible to give an irresponsible spendthrift government an increase in borrowing authority?

Congress surrendered more power to the president in this bill. Instead of setting a new debt ceiling, it simply "suspended" the debt ceiling until February. This gives the administration a blank check to run up as much debt as it pleases from now until February 7th. Congress can "disapprove" the debt ceiling suspension, but only if it passes a resolution of disapproval by a two-thirds majority. How long before Congress totally abdicates its constitutional authority over spending by allowing the Treasury permanent and unlimited authority to borrow money without seeking Congressional approval?

Instead of seriously addressing the spending crisis, most in Congress would rather engage in last-minute brinksmanship and backroom deals instead of taking the necessary action to reign in spending. Congress will only take serious steps to reduce spending when either a critical mass of Americans pressures it to cut spending, or when investors and foreign countries stop buying US government debt. Hopefully, those of us who understand sound economics can convince enough of our fellow citizens to pressure Congress to make serious spending cuts before Congress's reckless actions cause a total economic collapse.

Banking 101: Most People Are Still Dangerously Unaware of Banking Disaster Ahead

Despite all the signs of a massive global banking default/disaster ahead, people in Western nations remain blissfully unaware and inexplicably are not preparing at all for massive shocks to the fiat currency system.

EBT Food Stamp System Crash: "How Am I Going to Feed My Family?"

The Electronic Benefits Transfer system responsible for providing 50,000,000 Americans the means to put food on the table has crashed last week. The outage is reportedly affecting at least sixteen states.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to Control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Attributed to Thomas Jefferson

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