Is the US Government ‘hiding true amount of debt’? ?. The only way to answer this is with a big fat YES! I was even suprised to see that they are now starting to report this in the Australian media Click Here To Read More. Hmmmm Very Interesting.
THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.
“The Government is lying about the amount of debt. It is engaging in Enron accounting,” said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America’s Economic Future.
Thirty years later, based on this year’s second-quarter numbers, the CBO said the debt was $US13.4 trillion, or 92 per cent of GDP. I my eyes, that is like sitting on top of the Hiroshima bomb as just before it is about to go off.
Everyday gets more frustrating for me, as the market gets manipulated up and the people continue to listen to the B.S. Coming out of wall st, and the so called other reliable news networks.
what will happen in 2012 ???… well I must say that it is a question on every bodies lips.
It is not just a matter of asking what will happen in 2012 and guessing…..it is a matter of finding out what has been going on even hundreds of years ago, and using this information to give us a glimpse of what is possible or work out what will happen in 2012.
So just what do you think what will happen in 2012?
Click the “play button” below to find out some of our projections.
Top Hedge Funds need a slap on the wrist? Are Top Hedge Funds Guilty?
Top Hedge Funds sure are playing possum. And many people are seeing some crazy action in the EURO dollar the last 10 or so days. The Hedge funds are blaming the entire European debt crisis on the devaluation of the EURO, but in news leaked on Friday there is solid evidence that Top Hedge Funds are infact playing a large part of the EURO destabilization which has been getting sold off very hard this week.
Departments of Justice have now stepped in and are investing Top Hedge Funds that are involved with trading currencies such as the pound and EURO. Even if investigations are carried out look back in history to all the other investigations that have gone on. They normally amount to nothing. The only people that seem to be persecuting if at all, are the little people on main st, not wall st or these Top Hedge Funds.
Just look what has happened since the greatest financial crash since the great depression. They have done nothing, they will do nothing, this is just hear say. The Top Hedge Funds have also played their hand in all this as well.
Lets get the facts straight. Wall st has hijacked Washington. The wall st mob is in control and always has been. Just look at who is the most important positions.
The Top Hedge Funds have given their case, but what people don’t realize is that Greece has its own debt issues, and Europe for that matter, but so does the rest of the world, including US. Again this a sovereign debt crisis, and they are using Greece and the Europe debt issues as a scape goat and a means to deflect the severity of what is going on in US and around the world. It is not just Greece or Spain, it is the entire global economy that this under threat here.
What we are seeing is just the merge of state and corporate powers which I believe is called fascism, the department of justice is there to bring down justice to the little guys and let the big guys get a free ride, especially these Top Hedge Funds
It sure is a crazy twisted world out there. People dont realise how deep this goes. When are people going to realize what the real hard core backed up truth is.
Mass unemployment haunted the markets today, as news came out that the U.S. one of the world’s biggest economy is expected to have lost 365,000 jobs in June compared with 345,000 in May, according to Wall Street economists. The unemployment rate is projected to hit 9.6pc – the highest level since 198.
Alot of the analysts that keep going on about the economy and that mass unemployment will get better had to eat a bit of humble pie. This mass unemployment came with news that Further gloomy news came from the housing market, where US mortgage applications fell to a 7-month low as the number of homeowners applying to refinance their mortgage fell by 30pc.
With these mass unemployment figures out now, I must tell you I have always been a big believer in figures, and not those made up ones seen by the mainstream media. But the people shouting and screaming that things are OK, better take a good look at these figures and take a long hard look at themselves and what is coming down the line. I am one not to spread doom and gloom, I am here to reveal to you the truth.
Mass unemployment isnt the real key issue here. Lets digress here, people who dont have jobs, cant pay off debt….and those in debt that cant pay the banks off. And those people that cant pay the banks off…..well you see my point here. This is a vicious cycle we are going to see continue to put strains on many families across the globe. As people lick their wounds from 2008 and suffer their deeper debt holes in 2009, things could get tight.
If I was able to talk to someone that came from the 1930’s (depression era) I am sure they would say they are having a deja vu like experience right now.
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The largest U.S. credit-card company by purchases AMEX, today reported it will cut about 6 percent of its workforce or up to 4000 jobs, as cardholders squeezed by rising unemployment fail to pay debts.
To be honest, this problem has been going on for far too long. The coming credit card collapse is really going to take its toll on the economy in the next 6 to 12 months.
I have heard rumors that people are pre-emting the collapse of these big credit card companies, and are going out and spending up big, like it is their last day on earth. Ummmm that’s a great plan!! NOT!
I even know one or two people using credit cards to pay their mortgage fees. Thats about the worst situation you want to get yourself into. But with people losing jobs, and others in financial strain, I wonder how many other desperate people out there are taking the same desperate action. Hmmmm, makes one wonder!!!!
While Maxing out your credit card on the notion that you probably wont have to pay a penny back is not really an intelligent thing to do. Assuming you have been watching the tricks and tactics of the US government lately, who know what will happen, when this problem worsens.
The sad thing is that as some of the big CEO’s of these credit card companies watch the zeros being added to their monthly debt, people will keep spending using the almighty plastic money. Spending money that you dont have is a big no no. Commonsense really!!!
I find it a valuable lesson and a ritual for people with credit cards to bring them out shapen the sissors and hack away like there is no tomorrow. I guess I belong to the small percentage of people that believe – A good credit card is a dead credit card.
NOT!
