President Obama predicts US Bankruptcy – BREAKING NEWS
In an ABC news interview, president Obama predicts the bankruptcy of the federal government. It is as such remarkable, because it is the first time a president talks about this as an option: http://abcnews.go.com/video/playerIndex?id=9358333
Duration : 0:4:34
25 Responses to “President Obama predicts US Bankruptcy – BREAKING NEWS”
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Obama has taken …
Obama has taken over Freddie, Fannie, Chrysler, GM, banks, AIG, students loans with this 18 percent, that brings it up to 48 percent [of the private economy] that the? federal government owns or controls. And they are not done. — Michele Bachmann
Please watch my …
Please watch my video
It’s about climate change, earth catastrophe and our planet as we lives in.
Does climate change can affect economy growth?
watch?v=j7I_eFoIk64
NATIONAL HEALTHCARE …
NATIONAL HEALTHCARE: As presented thus far, everybody would be required to have it, but not everyone or company can afford to pay the premiums, these people could serve jail time accd to pelosi) And all the insurance companies will be able to deny certain people of helthcare, for example if we don’t get our vaccines or verichips.
The only national part is where we must have it and our gov subsidizes the insurance companies.
I must be missing something.
Do you see any way around that?
Someday the America …
Someday the America people will realize that governments causes most of our economic problems and should not be placed in charge of yet another “solution.”
The free-market IS the best solution.
America will fall …
America will fall like Rome!
As long as poorer …
As long as poorer countries in the world has enough assets left, every new credit line emitted by the US will meet real wealth.
When the US emits a …
When the US emits a new line of credit, everyone knows (especially other first world nations) that the amount of USD will allow to buy what is needed to start the production chain: natural resources.
Currently, only one country involved in natural resources supply is told to reject the USD: that is Iran.
All the others accept the USD and are exchanging real wealth against newly credit emitted bu the US.
I did not find the …
I did not find the comment you put out on this page so I answer here.
You asked how new credit line emitted to first world nations meet real wealth or something like that.
Euh, well, a large number of poorer countries still sit on large mineral assets which is the weath used to valorize every new credit line.
I dont know if you paid attention but the market of natural resources has been active since the start of the crisis, with long term contracts being signed.
“every credit line …
(not externally but internally)
“every credit line emitted by first world nations have found real? wealth in exchange” – this is a totally new view for me. Can you elaborate a bit more on that? How can credit find real wealth in exchange? The trade deficit of first world nations is horrible. However the money went not only in exchange but in over-the-counter derivatives which will be desastrous soon. China is very deep in debt do not worry
There is nothing …
There is nothing wrong with credit as long as it meets real wealth.
This is the only stop here: so far, every credit line emitted by first world nations have found real wealth in exchange. This will end one day for sure but up that day…
And China and others wish they could go deep in debt.
GREAT NEWS..best …
GREAT NEWS..best thing that could happen for the people of the country.
This president …
This president makes no sense. On the 17th he announces a pending US govt bankruptcy then on the 24th he approves unlimited money to freddie and fannie….Maybe he is purposely trying to destroy our country!!!! Maybe he is evil like so many said before he was elected.
that´s true however …
) it´s just redestributed – the loosers are 95% of the population ROFL. But hey during the Copenhagen climate conference China has already shown who is the real boss in the room.
that´s true however all this was financed by credit in the US and not by savings and real demand. And the wealth was/is not destroyed
are cooked. They …
are cooked. They cant count on greed being satisfied in the western world to let their own express.
If you think that five cars are enough in a household and it might be time to let other countries population get their hands on a car with no competiting demand from the first world, the crisis shows that the FW will destroy the 4th and 5th cars to make room for their own demand.
No room for China growth(and other countries)
Well, an …
Well, an interesting and flawed remark.
You have everything until you start destroying it.
A big lesson of this crisis: destruction of wealth has been sponsored in order to spur demand in the first world.
Eg: in some countries, people were paid to destroy their old (old is relative) but working cars and were also paid to buy a new one.
There is one of the big lessons of this crisis. If there is no room because of overequipment, then room will be made.
China, many other countries
because there is …
because there is absolutely no chance in the US for a growth – they have already everything. On the other side in China there are more than 1 billion people and a huge potential for growth + many MNUs outsourced their factories there. They have the factories + demand + are buying gold.
could you translate …
could you translate that document into English and make it available to your viewers here?
as to your deutch …
as to your deutch mark example.
here in the states, people paid 400k for a house,
now, its only worth 200k
their unemployed or make less than 50k a year.
they are bankrupt, they just refuse to admit it.
because they can pull a 100 dollar bill out of
their pocket, –they say look here, i’m not bk,
I can’t be, look here i got 100 dollar bill r.
they are bankrupt and just don’t know it.
another example, is cut back in work hours,
all hours have been cut, 1/2 layed off
just not told.
The nonsense comes …
The nonsense comes from Joseph Stalin. When Gorbachev visited Britain in 2000, he called the European Union “the new European Soviet.”
CNBS = CNBC
get …
CNBS = CNBC
get the bs part!
well, your …
well, your generation’s lifestyle, attitude, and leadership brought us here
this is a sorry fact
Jay Leno was joking …
Jay Leno was joking about “Obama’s bankruptcy” on Friday show ! it’s interesting, that comedians did “pick up” bankruptcy comment ! but no one else did !!
@Boomer49
you see, …
@Boomer49
you see, that’s what everybody thinks. but the fact is that the fed does not create the money, the banking sector does through the issuance of debt: we have a debt money system
therefore, no debt growth = no economic growth with increasing unemployment
read “a matter of interest’ by william hixson as a starting point
understand what a fractional reserve system really means. the fed only administers this system, it can currently not print money without debt owed to private banks
Look in the …
Look in the information box beside the video.
I agree GilaTomster …
I agree GilaTomster… that is why our educational system will never be “fixed”. From the government’s perspective, it isn’t “broken”.
The system has been producing generation after generation of obedient, tax paying, couch potatos who never question what they see on TV. Sure, politicians have been crying “we will improve education” since at least the end of WWII, but they don’t mean it… nor anything else they promise us. And the sheople keep re-electing them. I see no end to it. Ever.