A wake up call to all Americans from the US Government Accountability Office (GAO) – (formerly the “General Accounting Office”). GAO.gov (since its over 10 min, i had to remove a few scenes in start to upload it) Also do read this from Federal Reserve Bank of St. Louis Review, July 2006, 88(4), pp. 235-49: “Is the United States Bankrupt?” research.stlouisfed.org “This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke….” – How can the US go bankrupt, when it can just print new money (US Dollars) at no cost? You cant, you just dont want people to watch the money supply too close then, which is why FED stopped showing the M3 money supply in 2006: www.federalreserve.gov – but the huge supply of newly printed US dollars will decrease its value. Ask yourself if the US dollar has fallen in value against other currencies lately eg the Euro, British Pound, Canadian dollar? or if gold or oil cost more in USD lately? – In God you trust……but the FED? Only one honest US politician will tell you whats really going on, Ron Paul. Not only does Ron Paul question the FED, he also want to shut down the IRS – if you wonder why, watch this almost 2 hour long video, and I am quite sure you can understand. If you think this movie shown here is scary, you havent seen anything yet: video.google.com Forum: eucitizens.eu
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@Mardasee That’s nice, except for the part where the field of robotics lags behind the field of informational technology by considerable degrees. There is no Moore’s Law of robotics. The kind of robots you are talking about don’t exist, and there is barely anything remotely resembling them. Whether or not robots like the ones seen in Will Smith’s I, Robot will exist anytime soon remains to be seen. In the meantime, we have are in entering a real crisis TODAY. Stop dreaming.
@buzongtang For example look what computer technology is now doing for aircraft design. In time computers will help us produce ideas for better robots. As for my dreaming, well the imagination is man’s greatest tool.
@serendipityuk every country is having problems with debt. there is problems with it all over the world. save-stockup on food -payoff your bills the worst has not even happend yet.
the united states just spends and spends without any thought of long term goals or planning for its citizens or the fiscal well being of its nation. they are going to sink goodbye america hello china.
Capitalism is the wage slavery of immense humanity in a politically corrupt,manipulated MARKET SYSTEM OF ARTIFICIAL SCARCITY ,a tyrannical,destructive system to perpetuate poverty and exploitation in the interest of the ruling class. Capitalism from its mercantile plundering and enslavement of African natives to its Millitaristic rise of European Powers to World wars and Financial serfdom of the world has been a DISASTEROUS imposition .
I think once you have a system of money, you will have a system of corruption. Corruption only leads to poverty, mental illness, violence, more problems. More money, more problems. It really isn’t money that’s the problem, its the lack of values and morals people have, and how they use this lack of morals and values with money, to overpay some people and underpay the majority. It will only lead to major problems in the future.
@buzongtang why should I allow a robot to insult me, and do less than half the quality of work than I can do ?
when they say the “USA” is living outside it’s means…. Take the blame off of americans and place it where it the belongs. “THE FEDERAL RESERVE BACKED BY THE USA GOV’T” that’s who is too blame, not us.
@doctorw2
“the united states just spends and spends without any thought of long term goals or planning for its citizens or the fiscal well being of its nation. they are going to sink goodbye america hello china.”
usdebtclock(dot)org/world-debt-clock(dot)html
Let us compare some nations by gdp to debt.
U.S. Internal 64% external 95% Rounded up
U.K. Internal 85% External 426% Rounded up
Germany Internal 82% External 147% Rounded up
The U.S. don’t look bad
@RussianMan13
“USA government is lie, which made 9/11 to rob Iraq’s oil and resourses! ”
Iraqi constitution
“Article 108:
Oil and gas are the ownership of all the people of Iraq in all the regions and governorates.”
@InterntzTrollerinz no your comparison is invalid becuase china is carrying the bulk of americas debt britian and germany are carrying the responsibility of the debts they have accumulated both of our countries are handling our own debts without relying on a foreign power.
@bunga40 ”While at the GAO (Government Accountability Office), Walker embarked on a Fiscal Wake-up Tour, … to alert Americans to wasteful government spending.” (Wikipedia)
its interesting living on minimum wage is not living beyond the means thats how the country is living most people lived like that.
@serendipityuk not by economy as “richest,” by most billionaires who live here.
Why won’t you guys return my call about University of Phoenix scamming everyone?
Made In China!
@serendipityuk
ahh, yeah. rich in debt/rich in hypocrisy
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Watch a Pre-January 8th copy of Inception. Listen closely when the actors say imagine, reality, and safe, or point pistols. You’ll hear the words, Loughner, offin’ her, part of the word Giffords, and much more. Some even say they hear, do it.
Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes? Yeah, me neither… Borrowed from a friend – pass it on.
THE FED IS WHO IS LIVING BEYOUND ITS MEANS NOT WE THE PEOPLE
GAO: “USA is living beyond its means”
Thank you Captain Obvious
What is this guy trying to convey? tough choices like firing our teachers. like getting rid of our infastructure costs. Like not sending out pension checks to our city and state workers. if we are so short on funds why are we spending so much money since 911? Why are we in 130 countries around the world? Why are we still paying FICA = SSI? Why do we not return to the 91% tax rate for the richest persons that don’t need all that extra money to live? Because he who has the gold makes the rules!
Seriously it’s almost to late to even say that. Hello!!!!
yea when you go to the hospital you get charged the most not like in the 60`s where you got charged the least and if they wouldn`t dipped into it it would of sustained itself for another 70 yrs.and the jobs bein created are mostly federal jobs that regulate and pich our pockets even more.the people arent spending shit they don`t have it period big gov pays 400$ a gallon of gas in afganastan wtf?