Is the United States Bankrupt?
What a silly question to ask huh!
Let's explore some history and economics.
Don't cringe - this is just the surface.
You'll have to explore the rest on your own - if you dare to.
Besides, this will be fun!
We'll show you a little magic trick and make your tax dollars disappear right behind your back.
Watch ...
From the time of George Washington to the beginning of Ronald Reagan's term, the nation had accumulated a national debt amounting to the staggering figure of almost 1 trillion dollars.
Today,
, up from the 5.7 trillion dollar figure in place when George Bush took office.
We've already promised $34,000,000,000.00 (34 trillion) more in Medicare alone.
Add in Social Security and other programs and the amount goes up to 53 trillion!
Let me help you get a little bit of a handle on these figures. This, from Ross Perot's Web site, calculated when the National Debt stood at 9.4 trillion:
"If congress put one dollar a second into a special account, it would take over 297,000 years to have enough money to pay off the debt ...
If you loaded these bills onto boxcars, the length of the train pulling these boxcars with 9.4 trillion dollars would be almost 1,400 miles long ...
If you could take the dollar bills, end on end, from the earth to the moon and back, it would take 1,900 round trips to pay off the debt."
We have troops in 130 nations and over 700 bases overseas.
The military budget for this country is $700 billion.
That is more than the combined military spending of every other nation in the world.
"He was worried that priorities are set as to what benefits the corporation as opposed to what benefits the country." -- John McCain, speaking about Dwight Eisenhower
Why is this?
watch this video! (0:10)

Now ... here's the magic trick I promised you.
Let's take one of your tax dollars and give it to the government and see what we get back in goods and services.
Oops! Where'd it go? Did the government get it ... Nooo! ...
Can you figure out where it went?
I'll give you a little hint ... ask Rocky the squirrel.
The tax money you give the government does not build roads, fund the war, or help to pay the national debt.
Your hard-earned dollars, instead, are paying the
interest on the national debt.
When all is said and done,
100% of income tax revenues end up filling the pockets of a group of private bankers who own and control the Federal Reserve, or in the coffers of some foreign country.
[MORE INFO]
No matter what route they take, those dollars may still come to rest in the same hands.
That's because the Federal Reserve is owned by international bankers who have their fingers in everyone's economy.
Of course, I'm sure they have the best interests of the American people at heart - aren't you?
"If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."
-- Andrew Jackson - 1830's
"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government since the days of Andrew Jackson."
-- Franklin D. Roosevelt Nov. 21, 1933, in a letter written to Colonel E. Mandell House
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson - 1816
"We don't seem to give a second thought to what this might mean for future generations.
They may very well wake up one day to the realization that they don't own their own country anymore.
We'll have gone from the richest nation in the world back to being somebody else’s colony."
-- Lee Iacocca (former president of Ford and Chrysler corporations)
[MORE FROM LEE]
Field trip time!
Now we're off to Fort Knox to look at our gold!
Did you know the United States has a lot more gold than any country in the world?
We better go get the Treasury Secretary first, or they won't let us in...
Hmmm - the Treasury Secretary says they won't let him see the gold.
I'll bet it's that pesky Rocky Squirrel again!
Don't worry, I'll go over and get Uncle Sam.
They can't stop him from getting in! ...
Okay - trip's cancelled!
Uncle Sam says he hocked the gold to Rocky and his friends. Sorry!
Although the facts are a bit muddled in controversy due to incomplete audits, I believe it is fair to assume that our gold is still sitting in the bottom of Fort Knox.
At least - most of it, I guess. We haven't really looked at it for 24 years.
The problem is, the U.S. Treasury no longer legally possesses our gold.
It is held as "collateral" by the Federal Reserve for the money we owe them.
The squirrel and his friends say they'll give it back a soon as we pay them what we owe.
I'm sorry if this comes as a surprise ...
Some surprises are just no fun at all!
"The patient that's on the floor with the cardiac arrest is not Wall Street. It's the
American economy."
-- Warren Buffet, in a recent interview with Charlie Rose
Okay - perspective time! Let's see if we can figure this one out together ...
This group of wealthy oligarchs who control our money supply are the ultimate beneficiaries of your hard-earned tax dollars, which go to pay the interest on the money we owe them.
Until the principle of that debt is paid, they get to keep our gold.
Here's a multiple choice question for you ... When do you think this debt will be paid and we can get our gold back? (no peeking!)
- Next Week
- Next Year
- Never
If you answered 1 or 2, I'll give you some time to think about it ... okay?
Where did Rocky and his friends get the money to loan the government that you, the taxpayer, are paying the interest on?
That's easy ... they pulled it out of an empty hat that Congress gave them! ... It's magic!
Look! There they are now ... see how happy they are!
They've found the pot of gold at the end of the rainbow!
These magicians are a small group of banking families who undergo no audits and have diplomatic immunity anywhere in the world.
Does this give you any idea just how wealthy and powerful they are?
Don't you wish you were that wealthy and powerful?
What would you do?
Remember that old song "If I ruled the World"?
Do you know how Rocky and his friends want to control the freedom you now enjoy? Do you think the government is being run by the President and Congress?
Have you finished digesting
Institutionalizing conflicting interests yet?
Hmmm ... maybe we better take a side trip to the library so you can do some reading.
I can't tell you this stuff! You wouldn't believe me.
You would think, "If this were really happening, I would have heard about it!"
You are depending on the wrong sources for your information and you are ignoring what you do see.
Here - let's take a walk off this cliff! Trust me - you'll be fine. I've seen it on TV!
Besides, everyone knows it's not really a cliff.
Are you ready? ...
You have to find out for yourself.
Truth is not TOLD - it is realized.
[HERE'S A CLUE]
or, for a better understanding of how all this came about,
watch this video! (0:41)
In 2003, Paul O'Neil, then Secretary of the Treasury, ordered a study of the "fiscal gap" in the U.S. economy.
The gap is the difference between a nation's debt and its ability to pay that debt.
More precisely, the gap lies between the value of future tax collections and the value of future entitlement payments.
O'Neil's study was to appear in the President's fiscal budget for 2004.
Bringing together a staff of knowledgeable economists, along with the Office of Management and Budget, and the Congressional Budget Office, the study came up with a fiscal gap of $45 trillion.
The result of this study was that O'Neil was fired by George Bush, who ordered the report to be censured.
According to O'Neil, Dick Cheney commented "Deficits don't matter".
The figure, as of January, 2009, is now more than $53 trillion.
Coming up with this money, without radical reform of entitlements (an idea our politicians don't want to touch) is unquestionably impossible.
When two of the members of O'Neil's group, Jagadeesh Gokhale, Senior Fellow at the Cato Institute, and Kent Smetters, Associate Professor of Economics at the University of Pennsylvania, published these findings, both the Treasury and the Bush Administration did what they felt best to prolong the status quo;
they lied, stating they had never heard of the study.
There is much talk in the media today of how deceptive practices on the part of banks, corporations and loan companies have destroyed the economy.
Few point to the biggest liars of them all - Congress and the White House.
This deception of the American people began long before George Bush ever even considered the presidency.
At this point, it has become disastrously critical.
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."
-- Winston Churchill
"I'm not so cynical about human affairs that I believe that errors must be endlessly repeated."
-- Lew Rockwell, Jr., President, Ludwig von Mises Institute
Let's meet David!
David was also an important man in the government.
He was hired by Bill, the President, but he remained in office through most of George's administration, because his job is supposed to last 15 years.
David was the Comptroller General of the United States, and head of the Government Accountability Office, which some people call the GAO because it's hard for them to say three big words at once.
In March of 2008, David quit as Comptroller General to become CEO and President of the Peter G. Peterson Foundation, in order that he can "...advocate for specific solutions, work proactively with grantees and other partners to build strong coalitions, and encourage and engage in grassroots efforts to bring pressure on Washington to act."
David made the following statements before he resigned from office:
"Every American has an implicit mortgage of over $175,000.00 each.
Each household has an additional implicit mortgage of over $400,000.00 each.
But, unlike a typical mortgage, there's no house to back this, and, therefore, what we are doing is we're mortgaging the future of our children and grandchildren at an unacceptable rate, and that is not only an issue of fiscal irresponsibility, it's an issue of immorality."
Speaking on government trust funds, Walker said:
"These trust funds - they're not real trust funds - they're 'trust the government' funds.
If the private sector had trust funds like the federal government, somebody would be going to jail!"
[INFO]
Prior to heading the GAO, David served as a partner and global managing director of Arthur Andersen and in several government leadership positions, including as a Public Trustee for Social Security and Medicare from 1990 to 1995 and as Assistant Secretary of Labor for Pension and Welfare Benefit Programs during the Reagan administration.
However you want to take David Walker's words, one thing you should not do is ignore them!
According to his institute, Peter G. Peterson put up $1 billion of his personal funds to educate the American public on our economic situation.
A portion of those funds went to fund a video titled I.O.U.S.A. which has been making its rounds, including a spot and discussion on a CNN cable broadcast.
There is valuable information in this video, but one should be cautious of the intentions and goals of Walker, Peterson and other members of the Institute.
These men talk about patriotism while supporting a globalist agenda and Robert A. Pastor's
plan for a North American Union.
Pastor has stated that NAFTA (the North American Free Trade Agreement) is a good foundation for a North American Constitution, replacing the "outdated" constitutions of Canada, the United States and Mexico.
Pete Peterson is a former chairman of the Council on Foreign Relations, an organization that has a strong influence on the policies of our government, and who's ranking members support an anti-sovereignty agenda.
I leave it up to the reader to research and contemplate these facts and what they mean, but I put this question before you:
Is the Peterson Institute's drive to educate the American public so that we will force our government to be more responsible, or is it to make a case for a North American and, eventually, a totalitarian World Union, by informing us that we are in a financial situation we cannot get out of without submitting to the elitists agenda of a global, centrally-controlled currency - a perquisite to a central world government?
If you wonder what I'm talking about, please go back and read the bracketed side notes. Particularly
here.

Let's go over here and look at one of these trust funds David Walker was talking about ... the Social Security Trust Fund.
There's about 2 trillion dollars in this fund because that's the difference between the amount American workers have paid into the fund and what has been paid out in benefits and the processing of those benefits.
But ... wait ... it's
EMPTY!
Oh ... I forgot ... Congress spent every bit of it on other things.
I'm sure they'll pay it back though.
Somehow.
Won't they?
Hummm ... How will they do that?
Congress is running a deficit of over $1 billion dollars per day!
Oh yeah - that's right, your children and grandchildren are going to take care of that.
Whew! It's so good of them to be so thoughtful!
Your politicians aren't going to tell the American people these things because it's not going to get them elected.
So what do we do? We can't just keep pulling worthless money out of Rocky's magic hat, because its not real money and it decreases the value of the money in your pocket.
But Congress keeps spending ...
Hey! - Somebody came up with another idea!
We can go ask another country if we can borrow some of their money!
People like our good friends in China and Saudi Arabia.
George Bush has borrowed over $1 trillion from foreign governments.
What an achievement! That's more than the combined total amount we've borrowed in our entire history!
The only problem is we not only have to pay interest on these loans, but they come with strings attached, such as trade agreements that hurt U.S. industry and the U.S. worker.
We usually end up spending most of that money with the borrower, then borrowing more from somewhere else to pay the interest on the loan.
That's crazy! Why would we do that? Because our politicians are spending money like alcoholics running a brewery, and
they don't want to keep raising the price of beer (taxes) because they're afraid you won't vote for them.
It's at the point where they are drinking more beer than they are selling, so they're diluting the quality of the beer and borrowing more money from the bank to keep the brewery afloat.
"Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other."
-- Ronald Reagan
Meanwhile, Rocky and his friends are milking us for most of what we've got and encouraging us to consume and
consume and use our credit cards so they can keep us in debt, which gives them reason to pull more paper money out of their magic hat and charge us for it.
[MORE INFO]
[Calculate Your Debt]

The mainstream media is not going to inform you of dire probabilities or the domination of the military-industrial-banking complex.
They are part of that complex.
[MORE INFO]
Before the FCC deregulated media ownership in the United States, there were literally thousands of media organizations.
Today, this ownership has been consolidated down to nine controlling big-money interests.
These media giants are interested in profits - not muckraking or exposing truths outside the status-quo.
[MORE INFO]
In other words, they're going to tell you what they think you want to hear.
For the most part, most Americans do
not want to hear the truth.
They want to hear that everything is "okay".
Everything is not "okay"!
If you think it is, you need to examine your premises and do some research.
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. Only a smidgen.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn't that stimulating the economy of China?
A. Just shut up and go shopping!
But then, why read a book written by someone who is actually involved in the situation, or a scholar who has studied it when you can get a condensed version all wrapped up in a fast-news sandwich delivered by your stylish TV newscaster?
He or she will tell you all you need to know.
Certainly, your newscaster has studied this subject in great depth or they wouldn't have a job telling hundreds of thousands of people about it.
Of course, the TV news may not even mention these people or events.
But then, if the media doesn't think the subject will bring ratings, and thus profits, to them, it must not be important to you.
Why waste your time?
Besides, if you actually study the subject, and especially if the subject is controversial, you have to spend time and mental energy separating the wheat from the chaff and reading both sides of an issue, instead of just hearing the "fair and balanced" report from the ranks of status-quo talking heads.
You would actually have to do a lot more work than they do, and they get paid for it!
I know you're probably way too busy to figure out what's affecting your lifestyle and your future. I understand. It is much easier to just let the chips fall where they may, even if it means that your lifestyle and future may present an entirely different scenario than that which you had intended in your life, or the lives of your children and grandchildren.
After all, life is stressful enough these days without having to worry about all that stuff!
What is REALLY going on in the world has little to do with the ingredients in your fast-news sandwich.
But don't worry, chomp it down anyway.
At least it will make you FEEL you have an idea, and will provide you with various comments and phrases you can repeat thoughtlessly in future conversations on various subjects.
If the thought of actually knowing what is going on in the world is just too stressful for you, just close your eyes and don't think about it.
That's what most people do.
They just leave it up to the talking heads of the status quo to keep them informed in little short digestible sound bites.
Its kind of like having lunch at McDonald's, except there's no toys for the kids.
Certainly these sources are trustworthy and know what is important to you.
I'm sure they are concerned about your well being, just as McDonald's is concerned about your eating nutritiously. I'm confident they will go out of their way to inform you and convey the truth in detail, even if they, themselves, don't understand it.
If you trust in this self-perpetuating myth that permeates the surface of our social reality, then stop! ... don't think ... After all, there are people who are paid to think FOR you ... and certainly you have more important things to do.
Oh! ... Before you go, be sure to finish swallowing
Institutionalizing conflicting interests.
All Done?
Good! ... now open your Homeland Security bag and put your naivety and denial back on.
There! Now the world's all warm and fuzzy again! That was easy, wasn't it!
Now ... don't read any further.
Go visit the Muppets web site.
It's lots of fun.
Really!
Its one of my favorite sites!
Its one of the places I go when I don't want to think about things.
Whatever you do, don't lose your sense of humor ... it may be the only valuable asset you posess!
The rest of you come with me ... we're not done yet.