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 59 trillion!
"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]
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 place.
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?
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!
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!
Let's meet David!
David is an important man in the government.
He was hired by Bill, the President, but he's still in office, even though Bill isn't, because his job lasts 15 years.
It's kind of a hassle, because every time we switch presidents over that 15 year period, he has to be reappointed by the new president and then Congress needs to decide if he's cool enough to continue doing his job.
David is the current 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.
Anyway, this is what David said:
"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!"
Woah! Either David Walker is a brave guy for speaking out, or a bunch of government people got together and said "You tell 'em David - no one votes you in office!"
Your politicians aren't going to tell the American people this because it's not going to get them elected.
However you want to take David Walker's words, one thing you should not do is ignore them!
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.
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 gat a condensed version of who that person is and what they have to say all wrapped up in a fast-news sandwich delivered by your stylish TV newscaster?
That 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.
The TV news may not even mention these people or events.
But then, if the media doesn't feel these people or events are newsworthy, they must not be important to you.
Why waste your time?
Besides, 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.
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 and will go out of their way to inform you and tell you the truth, 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 ... I'm sure it will only confuse you ... and certainly you have more important things to do.
Here ... 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!