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Deficits & Debts: Crash Course Economics #9
What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and more on this week's Crash Course Econ. Deficit and debt are easy to misunderstand, but luckily, they're also pretty easy to understand. This week we'll explain what deficit and debt are, and talk about what the sources of deficit and debt are for the US Government. Also, we'll take a very special trip to Cliffordonia to try and understand these concepts and get a look at what a colonial-era space program might have looked like. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Просмотров: 608927 CrashCourse
Stimulus Plan Explained
In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal. Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy. For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer/opinion/20090215_Imperfect_stimulus_plan_is_still_the_best_answer.html Philosophical overview from the LA Times: http://opinion.latimes.com/opinionla/2009/02/pelosi-reid-sti.html p.s. Keynes's last words: "I wish I'd drunk more champagne." HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
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Fox News: "Stimulus" Money Goes to Congressional Districts That Don't Exist
Ten months after the President signed a $1 trillion stimulus spending bill that his aides claimed would keep unemployment below 8 percent, Americans are still asking: where are the jobs? It turns out that some of jobs the Administration claimed were saved or created by the so-called stimulus were from Congressional districts that dont even exist. ABC News has also uncovered even more stimulus spending in non-existent Congressional districts: •In Oklahoma, recovery.gov lists more than $19 million in spending -- and 15 jobs created -- in yet more congressional districts that don't exist. •In Iowa, it shows $10.6 million spent and 39 jobs created -- in nonexistent districts. •In Connecticut's 42nd district (which also does not exist), the Web site claims 25 jobs created with zero stimulus dollars. •The list of spending and job creation in fictional congressional districts extends to U.S. territories as well. •$68.3 million spent and 72.2 million spent in the 1st congressional district of the U.S. Virgin Islands. •$8.4 million spent and 40.3 jobs created in the 99th congressional district of the U.S. Virgin Islands. •$1.5 million spent and .3 jobs created in the 69th district and $35 million for 142 jobs in the 99th district of the Northern Mariana Islands. •$47.7 million spent and 291 jobs created in Puerto Rico's 99th congressional district. Rep. David Obey (D-WI), Chairman of the powerful Appropriations Committee, blasted the Administrations claims of jobs created or saved in a statement yesterday: The inaccuracies on recovery.gov that have come to light are outrageous and the Administration owes itself, the Congress, and every American a commitment to work night and day to correct the ludicrous mistakes. Credibility counts in government and stupid mistakes like this undermine it. Weve got too many serious problems in this country to let that happen. But the exaggerated jobs numbers arent the end of the stimulus troubles. As USA Today reported this morning, Stimulus aid has sparked an economic boom for some unwanted entrepreneurs — con men. The story goes on: State and federal officials say they are fielding thousands of reports of scam artists, many operating from overseas, using the promise of money from the Obama administration's $787 billion economic recovery plan to entice people to hand over bank account numbers. The scams are so numerous, and the criminals hard to identify, that authorities say it's all but impossible to catch them. It seems that stimulus money has gone everywhere except to helping create jobs for the 10.2 percent of Americans who are unemployed. The stimulus hasnt created the jobs the President promised because it relies on big-government spending instead of helping small businesses, which create between 60-80 percent of jobs in our economy. House Republicans offered a plan to let small businesses and families keep more of what they earn, but Democrats ignored it, took a go-it-alone approach, and passed their trillion-dollar big government plan anyway. And yet after a trillion dollars of deficit financed spending, Democrats still cant answer the question: where are the jobs?
Просмотров: 4010 John Boehner
US National Debt Already At $21 Trillion! Nasty Effects of Negative Compounding Approaching?
In only 1 year under President Trump, the US' national debt has already increased by $1 trillion! https://www.zerohedge.com/news/2018-03-16/us-national-debt-hits-21-trillion Putting this in context, total US debt has now risen by over $1 trillion in Trump's first year... and the real spending hasn't even begun yet. President Trump's projected $1 trillion plus budget deficits (using supply side economic stimulus) Jason shows with his calculator what 1% of $21 trillion is. So for every 1% increase in interest rates, the US Treasury will have to pay another $210 billion in interest payments! That's less money for military spending and other things the US federal government spends big money on like federal government employees and agency budgets and also welfare programs. Jason also shows how despite "Fedspeak" and rhetoric by former Fed Chairwoman Janet Yellen over the last year about wanting to drastically reduce their balance sheet that the Fed has not even reduced its balance sheet by $100 billion dollars yet! And, when the US Dollar Index dropped below key 89 support levels, the Fed (to try and stop the US Dollar Index from falling) may have actually started to increase its balance sheet again to try and get the US Dollar index to rally! St. Louis Fed chart of total Fed Assets since 2003: https://fred.stlouisfed.org/series/WALCL Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: wallstformainst@gmail.com
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The Fraud of the "Stimulus Tax Rebate"
You'll learn a lot about government spending from this interview with Kristina Rasmussen, Director of Government Affairs with the National Taxpayers Union. http://www.ntu.org This program discusses the Bush $150 billion "Stimulus tax rebate" which as host Howard Phillips pointed out, "On this issue, at least, George Bush has trumped George McGovern, and he is a McGovernite." Viewers may remember former Senator McGovern's (D-SD) disastrous pledge to give every American $1,000 during his 1972 race for the White House. Rob Peter to pay Paul. The only money the government has is what it took from you in taxes (or printed or borrowed from China). Various commentators have stated this is actually a stimulus for Communist China, which lends the money (buying US government bonds) which will be used by many recipients to buy Chinese goods. Kristina Rasmussen also discusses two new government websites which give some transparency to government spending: http://www.ExpectMore.gov which rates the effectiveness of government programs and agencies. She emphasizes that many of these agencies and programs are unconstitutional or should not exist, but at least there is some degree of accountability now. The other website is: http://www.USASpending.gov which lists all government grants and spending of $25,000 and more. The program also focuses on Saul Alinsky and his book "Rules for Radicals" which advocates using taxpayer funds for political activism. Both Hillary Rodham Clinton and Barrack Hussein Obama studied Alinksy's methods--search for "Saul Alinsky" and Clinton or Obama for the details. This is an edition of Conservative Roundtable, the nationally broadcast conservative television program hosted by Howard Phillips, and produced by The Conservative Caucus. Please visit our websites: http://www.ConservativeUSA.org http://www.HowardPhillips.com and http://www.NAUWarRoom.org Subscribe and share!!
Просмотров: 3629 TCCTV
CNBC: Federal Reserve Plan to Monetize the Debt/Stimulus = Ponzi Scheme
CNBC: Obama Plan to Monetize the Debt/Stimulus = Ponzi Scheme
Просмотров: 7002 ttj1776
Federal Reserve Debt Monetization Explained. -FutureMoneyTrends.com
Two Top Stocks: http://www.FutureMoneyTrends.com/Invest Visit & Share Our BLOG: http://FMTBlog.com http://www.futuremoneytrends.com Please share this video with your loved ones. Sign up for our free newsletter at http://www.futuremoneytrends.com to receive more information, articles, videos, and commentary about the U.S. economy. Super PUMP http://www.bloomberg.com/news/2010-08-10/fed-to-reinvest-principal-on-mortgage-proceeds-into-long-term-treasuries.html Bankrupt http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html http://www.cnbc.com/id/38654017 July Deficit grows 165 Billion http://online.wsj.com/article/SB10001424052748704901104575423601722830706.html
Просмотров: 65317 VisionVictory
What Would Happen If USA Stopped Paying Its Debt?
What would happen in the world and in United States if USA defaulted on it's debt? SUBSCRIBE TO US -► http://bit.ly/TheInfographicsShow -------------------------------------------------------------------------- WEBSITE (SUGGEST A TOPIC): http://theinfographicsshow.com SUPPORT US: Patreon.......► https://www.patreon.com/theinfographicsshow CHAT WITH ME: DISCORD.....►https://discord.gg/theinfographicsshow SOCIAL: Twitter........► https://twitter.com/TheInfoShow Subreddit...► http://reddit.com/r/TheInfographicsShow -------------------------------------------------------------------------- Sources for this episode: https://pastebin.com/gPeUjWaj Some Images used under license from Shutterstock.com
Просмотров: 1692892 The Infographics Show
🇮🇹 The cost of Italy's budget battle with the EU | Counting the Cost
The European Commission has taken the first steps in fining Italy over its national budget, saying it deviates from the European Union's fiscal rules and commitments made by the previous government. The move comes as Italy, which received a European Commission request to adjust its 2019 budget to meet EU parameters, refused to make any substantial changes. The fear is that the row could escalate into a debt crisis that would hurt the bloc. "We're already seeing indications from the European Commission that they're not prepared to tolerate what are some fairly ambitious growth targets from the Italian government and a budget deficit, that this point in the cycle, is not consistent with getting their debt burden, which is about 130 percent of GDP, under control," explains Simon French, chief economist at Panmure Gordon & Co. "So what the European Commission's going to do is get the Italian government to come in with more realistic expectations of what can be done over the near-term in terms of fiscal stimulus but also balancing the long-term sustainability of their finances." It won't escalate into a wider debt crisis for the bloc, says French, "as the contagion risk around the eurozone is fairly limited, particularly with the European Central Bank still in its bond-buying programme. The issue is much more idiosyncratic to Italy rather than the presenting a structural risk of the type that we saw in 2011-2012." Being a member of the eurozone remains very popular among the Italian electorate ... But what they're uncomfortable with is the obligations that come with the privilege of being in the eurozone. Simon French, chief economist, Panmure Gordon & Co. According to French, Italy's an example of "a slow-burning crisis of what I would describe as democratic legitimacy of the eurozone project in Italy. Being a member of the euro remains very popular amongst the Italian electrocate - two-thirds still support ongoing membership. But what they're uncomfortable with is the obligations that come with the privalege of being in the eurozone." "The obligations are to be relatively austere in terms of their fiscal outlook and something that successive Italian governments have been fairly poor at doing. They've run an average deficit of 3 percent of GDP over the last 20 years. So to be asked to pair that back at this time towards 2 percent, at the same point as they've elected a coalition government who are wanting to be much more expansionary - comes with its democratic challenges rather than its financial challenges." "The problem is that having gone down the road of the last 20 years of eurozone membership with the economic policy prescription we've had, Italian growth has been less than 1 percent over the 20 year period. That's simply unsustainable." "What you need to see to break this impasse is the Italian government saying 'look we want to be more expansionary on the fiscal side, but we're also going to do a lot more on the structural reform side to raise the trend rate of growth in Italy', because ultimately that's what all sides of the discussion want to see." Cryptocurrencies sell-off This time 12 months ago, bitcoin mania was all around. But the crypto hype hasn't been matching reality lately. Bitcoin is down around 75 percent from its all-time high of nearly $20,000, depending on what exchange you are looking at. The other major digital coins are also feeling the pain. The sell-off is being blamed on regulatory pressure. As part of a bigger government crackdown on fraud in the digital currency industry, the US Justice Department is reportedly investigating whether last year's 1,500-percent bitcoin rally was due to manipulation. The securities and exchange commission also announced its first civil penalties this month against crypto founders who failed to register new coin offerings. Digital assets have now lost almost $700bn of market value since cryptomania peaked in January. While the value of cryptocurrencies has fluctuated over the years, "there's a growing acceptance and acknowledgement not just by technologists but also regulators that blockchain technology and cryptocurrency are very much part of the future architecture of our financial system," says Garrick Hileman, economist at the London School of Economics and head of research at blockchain.com. Regarding speculation of market manipulation last year, "academics and others looking at trades on certain exchanges that do look suspicious, I think there's a big question mark around that and there's questions around how much trading volume is real, how much is spoofed or is wash-trading." More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Просмотров: 4826 Al Jazeera English
Remy: Raise The Debt Ceiling Rap
We may not be able to address our current debt ceiling woes, but we can at least put them to a good beat. Visit the links below for more Reason coverage on the debt, deficit and government spending: Five Facts About the Debt http://reason.com/archives/2011/07/25/five-facts-about-the-debt The Facts About the Debt Ceiling http://reason.com/archives/2011/07/18/the-facts-about-the-debt-ceili Reason.com Topics: Government Spending http://reason.com/topics/goverment-spending "Raise the Debt Ceiling" is the third of a series of collaborations between Remy and Reason.tv. To watch Remy's other videos, go to http:youtube.com/goremy Music by Remy. Video shot and produced by Meredith Bragg. Download the mp3 and HD versions at http://reason.tv, the video channel for Reason magazine and http://reason.com LYRICS: Raise da debt ceiling! Raise da debt ceiling! Raise da debt ceiling! Raise da debt ceiling! 14 trillion in debt but yo we ain't got no qualms droppin $100 bills and million dollar bombs spending money we don't have that's the name of the game they call me cumulo nimbus because you KNOW I make it rain bail out all kind of cars got all kind of whips ladies ask me how I get em I tell em STIMULUS Social Security surplus? Oh, guess what? it's gone I got my hands on everything like Dominique Strauss Kahn ain't got no Medicare trust fund son, that's just absurd spending every single penny that we see, son, have you heard? ain't got no moral objections ain't got kind of complaints ain't got no quantitative statutory budget restraints so... [CHORUS] Yo, we up in the Fed and we living in style Spending lots of money while we sipping crystal still making it rain and yeah it be so pleasing wait, not making it rain-- we be "Quantitative Easing!" QE1, QE2 QE4, QE3 Dropping IOU's in every fund that I see printing the cash inflating the monies callin up China "a-yo we straight out of 20's!" in the club we be louding out while to the market, yeah we be crowding out on the beach getting tan and sipping Corona we got a monetary plan-- and it involves a lot of toner... [CHORUS] So if you look at the chart and examine the trend we borrow 40 cents of every single dollar we spend and non-discretionary spending increases every day do you have a comment for Committee? I MAKE IT RAIN Mr. Speaker, Mr. Speaker would you beam me up? A Congressperson cutting spending? Couldn't dream me up We're gonna default if we follow this road! I should have thought of this 14 trillion dollars ago! I'm the king of the links I'm a menace at tennis I'm sticking spinnaz on my rims picking winnaz in business if you're looking for some cash it's about to get heavy I got some big ol' piles of money and guess what--they shovel ready [CHORUS]
Просмотров: 619489 ReasonTV
The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History (2012)
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111--5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama. To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.[1] The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, however, Keynesian economist and Nobel laureate Paul Krugman while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap". Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz[54] and Paul Krugman[55] favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly.[56] Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support."[57] Conservative economist John Lott was more critical of the government spending.[58] On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."[59] The funding for this advertisement came from the Cato Institute.[60] On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path".[61] This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. The New York Times published projections from IHS Global Insight, Moody's.com, Economy.com and Macroeconomic Advisers that indicated that the economy may have been worse without the ARRA. http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009 Image by Jürgen from Sandesneben, Germany (Flickr) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Просмотров: 2847 The Film Archives
Federal Reserve Buying Up MASSIVE Amounts Of Debt! - Bubbles Are Bursting & The Dollar Is CRASHING!
Josh Sigurdson talks with author and economic analyst John Sneisen regarding the massive buy-up of mortgage bond debt by the Federal Reserve. According to Reuters, "The Federal Reserve bought $7.029 billion of agency mortgage-backed securities in the week from Sep. 28 to Oct. 4, compared with $6.937 billion purchased the previous week..." On top of all of this, the Fed is selling none of this debt! Of course in 2006 and 2007, mortgage backed secrities were huge. As were collateralized debt obligations and credit default swaps. This vast manipulation of the markets based in debt and derivatives lead to the massive housing bubble burst/crash in 2007. We are now seeing a huge return of mortgage backed securities as the Federal Reserve continues to print vast amounts of worthless fiat currency. The combination of market and monetary manipulation is brewing up an epic storm that's due to touch down at any time. This will lead to a very subservient impoverished public. John breaks down how this will affect the average person, how it struck in 2007 and how it will strike in the near future. The bubble is inflating more by the day and it's becoming more and more unsustainable. This is why people must be financially responsible and self sustainable. The state and banking system loves an indebted populace and individuals must get the upperhand and provide their own solutions. Stay tuned for more from WAM! Video edited by Josh Sigurdson Featuring: Josh Sigurdson John Thore Stub Sneisen Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson SPONSORED BY: Canam Bullion & Currency Exchange: https://canamcurrencyexchange.com/al1701a BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2017 "Find the truth, be the change!"
Просмотров: 9860 World Alternative Media
Senate strikes "Buy American" provision from Stimulus Bill ripoff
Lou Dobbs Tonight -- CNN -- February 5, 2009 // BILL TUCKER, CNN CORRESPONDENT (voice-over): The "Buy American" provisions in the stimulus plan could be changing. Senators Byron Dorgan and Sherrod Brown offered an amendment approved by the Senate, which states that the "Buy American" provisions quote, "shall be applied in a manner consistent with United States obligations under international agreements." -- See this URL for the entire transcript: http://transcripts.cnn.com/TRANSCRIPTS/0902/05/ldt.01.html
Просмотров: 654 APReport
Italian police seize fake bonds worth a third of US national debt
From: Russia Today Italian police seize fake bonds worth a third of US national debt (VIDEO) Published: 18 February, 2012, 16:37 A huge batch of fake US Treasury bonds worth some $6 trillion -- more than a third of the US national debt -- has been seized by Italian police. Eight Italians have been arrested and accused of a large-scale international fraud. ­The fake bonds and other securities were seized from a Swiss trust company during a joint operation by Italian, Swiss, and US authorities. The fake certificates signed "Chicago, Illinois, Federal Reserve Bank" were stored in trunks stamped with "Federal Reserve System, Treaty of Versailles" marks. The bonds were carrying the false date of issue of 1934. The forgers were planning to use the fake certificates as collateral to secure loans in a number of Swiss banks, prosecutor of the southern Italian city of Potenza said as cited by Reuters. The investigation began over a year ago as a trivial probe into Italian mafia loan-sharking. However, after the Italian authorities uncovered an international network plotting a full-scale fraud, they called upon their Swiss and US colleagues. The US experts helped to identify the bonds as fakes. http://rt.com/news/fake-us-treasury-bonds-661/ ***************************************************** 17 February 2012 Last updated at 15:45 Fake US bonds worth trillions seized Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds. Worth $6 trillion, the bonds were found in three metal boxes in a warehouse in the Swiss city of Zurich. Italian authorities have arrested eight people and are investigating them for fraud and other crimes. Prosecutors are not sure what the gang was planning, but think they intended to sell the counterfeit bonds. Investigators, based in Potenza in southern Italy, say the fraud posed "severe threats" to international financial security. In cooperation with Swiss police, they tracked down three metal boxes to a warehouse in Zurich. The crates contained thousands of fake US bonds that gave the appearance they had been issued by the US Federal Reserve in 1934. http://www.bbc.co.uk/news/business-17076378 ***************************************************** Record $6 Trillion of Fake U.S. Bonds Seized By Elisa Martinuzzi - Feb 17, 2012 6:01 PM GMT Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that's almost half of the U.S.'s public debt. The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities arrested eight people in connection with the probe, dubbed "Operation Vulcanica," the prosecutors said. The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1 billion apiece, they said in the statement. "Thanks to Italian authorities for the seizure of fictitious bonds for $6 trillion," the embassy said in a message on Twitter. http://www.bloomberg.com/news/2012-02-17/italy-police-seize-6-trillion-of-fake-u-s-treasury-bonds-in-switzerland.html
Просмотров: 5320 NeedToAwaken
11,580 Dollars Cash Free Giveaway Government Walmart Gift Card Scam
11,580 Dollars Cash Free Giveaway Government Walmart Gift Card Scam yes I can hear you can you repeat that again I'm calling you from united states government grants department the reason is that your name Teresa Richardson has been selected by the government of the united states, to receive 11,580 an which you never have pay back to the government and you don't have to pay any taxes on this money okay Teresa really the the United States government wants to give me eleven thousand dollars and I don't have to pay taxes on it don't need to pay entire money back and you don't need to pay any taxes on this money money's ok how do i do how does that happen so every year government select around 15000 citizens under the financial program for people who pay their taxes on time or don't file for any bankruptcy in the last 6 months who don't have any criminal record and you're one of them Teresa you have been selected the money which has been sanctioned for you from the government is there you can use this money for any kinds of good purpose like paying off your bills paying off your debt education vacation etc you cannot use this money for any kind of illegal purposes like drugs casino gambling or something like that ok ok Teresa so can you pleas give me any idea how would you like to use this money uh probably to pay off bills ok so as I'm from the government officer from the verification department but your wish to verify the person always alleged to me to receive the ball from the government so you're from the United States government department that's the Verification Department ok and and where you located i'm located in 201 Independence Avenue washington DC code is 20201 who is your boss sorry who is your supervisor you need to talk to the supervisor but yes i know i just said who is your what's your supervisors name make sure your regard for Julie Johnson joke okay Joe Richardson My name is Max I thought you said Kenny know it's Max MAX max I'm from the Verification Department better for my job is to verify the person who is alleged to me to receive this amount cooperate with me your first name is teresa last name is richardson right now you belong to the city of savannah georgia yes what what what are you planning on doing well this is a governmental call and I'm just checking it whether you are right person to receive this amount right and so what do I have to do in order to receive money you just need to you just need to have a prepaid care shopping card gift card or any walmart card which we get from the local stores ok you have in any of them nope do you have any walmart or a western union by you nope how would you like to receive the amount cash well that's what you can receive this in cash but you need to reach me at walmart or western Union Store so you can receive this money in cash so I have to go to a walmart or western union store right okay so this isn't a scam no this is not a scam money has been reviewed by the government for you that will be the proof that your right foot or disagree with money and also the number of accounting department of which was release this money for you in any of your walmart or western union so then so then ok so if I was to go to walmart and then i take that check and put it in my bank account then you guys wouldn't wipe me out I will let you know you won't get a check because has been stopped by the government because the most of the time the check end up into the wrong hands and most of the times that you people used to complain about the check and the mail system so we have a high-low only online transaction system which you don't have any prepaid card shopping card or gift card or else you would have received money is in half an hour now when you don't have this prepaid card shopping cart or gift card you just need to reach me at walmart okay you need to walmart or any western union will receive money from the government I will give you the number of an accounting department officer you need to provide you're at school to him and didn't have in half an hour you will receive this money in cash western union is okay so western union you need to carry or valid ID proof with you of your you need to provide them they will give your token and with a deposit openly will see this 11580 dollars and it will take hardly half an hour no I I just don't believe it i think this is a scam ok and your interested or not Teresa Watch More Crochet Geek http://www.youtube.com/c/CrochetGeek TRICH VLOGS http://www.youtube.com/c/TRICHVLOGS
Просмотров: 922 Teresa Warrior
Depressed Job Market, Fraud and Peter Schiff's Unemployment Plan!
Video about the depressed job market in Flint, MI, desperate people defrauding the government, Peter Schiff's plan for unemployment insurance and joblessness in America. Read more at... http://demcad.blogspot.com/
Просмотров: 5385 DEMCAD
How Socialism Ruined My Country
Is Bernie Sanders right? Are people living under socialism better off? Brazil is a good case study. Felipe Moura Brasil, a journalist and Veja magazine columnist, explains how his country has fared under socialism. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Watch the Portuguese version: https://youtu.be/SbYlUhLHrTU Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: Many American millennials seem to be drawn to socialism. They came out in big numbers for Bernie Sanders in the 2016 presidential primaries. They rail against capitalism on their college campuses. They wear Che Guevara t-shirts to signal their socialist virtue. I know a lot about socialism. I live in Rio de Janeiro, and I work throughout Brazil as a journalist for a popular magazine. In the early 2000s, Brazil’s economy was growing rapidly. The government had enacted economic and monetary reforms and divested holdings in some state-run companies, giving the private sector more room to breathe. Inflation—a chronic problem in Brazil—was dramatically reduced. Foreign investors poured into the country, eager to catch a portion of our expanding economy. The future seemed promising. But today, our economy is in shambles, unemployment and debt are massive, and powerful politicians are being investigated for involvement in the largest scandals of fraud and corruption in the country's history. What happened? In 2002, a socialist politician named Lula da Silva ran for the presidency. He was a socialist, but painted himself as a modern, cool kind of socialist. He would be the politician who would heal national divisions and unite everyone. He even had a nickname: “Lulinha paz e amor,” which means "Little Lula peace and love" in Portuguese. But the old message about the need for income redistribution to decrease inequality was still there. The media, academic elite and celebrities assured Brazilians that by transferring the money from the rich to the poor, the poor could finally be richer. But the only ones who really got rich were Lula and his corporate and political friends. It only got worse under his successor, Dilma Rousseff. The socialists increased government spending, deficits, and debt. They called it a “stimulus.” They increased the minimum wage and the benefits of social programs. They called it “social justice.” They increased the salaries and retirement benefits of the civil service. They called it “investing in the future.” They handed out thousands of jobs in the government and state-owned companies as favors to their political allies. And they called it “good governance.” It worked for a while. Socialism always works at the beginning. But government spending just kept going up, and then Lula’s socialist paradise fell apart and the economy fell with it. The outcome: from 2008 to 2015, government spending grew nearly four times as fast as tax revenue. The economy shrank 3.8 percent in 2015, the worst result in 25 years. That same year, a World Bank survey found Brazil’s economy to be one of the world’s worst. Out of 189 countries, we were the 16th hardest place to open a business, the 60th most difficult nation in which to register property, and the 12th most complex place to pay taxes. Economically and morally, the almost 15 years of socialist policies have greatly harmed Brazil. We also remain among the world's leaders in murder and robbery, and we rank near the bottom of industrialized nations in terms of education and health care. For the complete script, visit https://www.prageru.com/videos/how-socialism-ruined-my-country
Просмотров: 2626906 PragerU
'US media-numbed, bankers pocket $144 billion bonus'
While millions of Americans are unemployed and the national debt is soaring, it seems top financial executives are far from feeling the pinch. A recent Wall Street Journal survey estimates they'll receive a staggering $144 billion dollars in compensation and benefits this year. This amount is equal to the U.S. stimulus package approved by Congress in 2008. Trend forecaster Gerald Celente says Americans are failing to react to the payouts, because the financiers' fanbase in the mainstream media is distracting public opinion.
Просмотров: 21690 RT
Can we afford our rising national debt or will our interest payments crush us?
Can we afford our rising national debt or will our interest payments crush us? Todd VanDenburg, President of VanDenburg Capital Management, shares his thoughts on what was the #1 question at his State of the Market Update last week! Enjoy
Просмотров: 197 Todd VanDenburg
Breaking: CBO Accidentally Finds Obama Fraud Coverup In The Billions! - Hot News
Breaking: CBO Accidentally Finds Obama Fraud Coverup In The Billions! - Hot News Source Photo and Content: https://goo.gl/UisK7a Subscribe Hot News : https://goo.gl/8KJSaS G+ : https://goo.gl/O7XuC7 Blog : https://goo.gl/E983tR Breaking: CBO Accidentally Finds Obama Fraud Coverup In The Billions! President Obama and his mouthpieces have embarked on a bizarre scheme to hypnotize America into forgetting the many scandals of his presidency. They seem to think that intoning “this administration hasn’t had a scandal” over and over again will make history disappear. It’s the lamest Jedi Mind Trick ever, and is being pushed on people who know Star Wars is just a movie. Here’s a short list of the many scandals Team Obama thinks it can make America forget: The great “stimulus” heist: Obama seems to think nobody will remember he grabbed almost a trillion dollars for “stimulus” spending, created virtually zero private-sector jobs with it, allowed a great deal of the money to vanish into thin air, and spent the rest of his presidency complaining that he needed hundreds of billions more to repair roads and bridges. Vast sums of taxpayer money were wasted on foolish projects that came close to the Keynesian economic satire of hiring some people to dig holes, and others to fill them in. Obama added insult to injury by appointing Vice President Joe Biden as the “sheriff” who would supposedly find all that missing stimulus loot. Americans mostly ended up footing the bill for was an army of government jobs, and a lavish network of slush funds for the Democratic Party and its union allies. We’re supposed to forget about all that because years later, Obama’s weak economy finally dragged itself to something like normal “official” employment levels… with the U.S. national debt doubled, and our workforce rate reduced to Carter-era lows. Sorry, Democrats, but that’s more than just failed policy. It’s one of the worst government-spending scandals in our history. Democrats will howl to the moon over far, far smaller abuses of taxpayer money during the Trump administration, should any occur. Operation Fast and Furious: Obama partisans seem to think any given example of abuse or ineptitude by their man stopped being a “scandal” the moment it seemed clear he wouldn’t be impeached over it. Operation Fast and Furious, the Obama administration’s insane program to use American gun dealers and straw purchasers to arm Mexican drug lords, is a scandal with a huge body count, prominently including Border Patrol Agent Brian Terry and Immigration and Customs Enforcement Agent Jamie Zapata, plus hundreds of Mexican citizens. Agent Terry’s family certainly thinks it qualifies as a scandal.
Просмотров: 52735 Hot News
Obama Jobs Bill Scam to Indebt America
At http://www.NoKoolAid.com we tell it straight. The Jobs Bill is a Scam to put America more in debt. We already have an Economic Stimulus Bill w/ over 450 Billion left in it for job creation !!!!!
Просмотров: 364 adrenalinerider
Warnings About Money, Finance & Debt That Are Proving to Be Frighteningly Accurate (2008)
Phillips examines America's great shift from manufacturing to financial services. He also discusses America’s petroleum policies and the tying of the dollar to the price of oil. Phillips suggests that the Euro and the Chinese Yuan/Renminbi are favorites to take the dollar's place in countries hostile towards America, like Iran. He then tackles the lack of regulatory oversight employed in the housing market and how the housing boom was allowed to run free under Alan Greenspan. The book concludes with the proposal that America is employing bad capitalism and extends Gresham’s Law of currency to suggest that our good capitalism will be driven out by the bad. The New York Times wrote: He identifies three broad and related trends — none of them new to the Bush years but all of them, he believes, exacerbated by this administration's policies — that together threaten the future of the United States and the world. One is the role of oil in defining and, as Phillips sees it, distorting American foreign and domestic policy. The second is the ominous intrusion of radical Christianity into politics and government. And the third is the astonishing levels of debt — current and prospective — that both the government and the American people have been heedlessly accumulating. If there is a single, if implicit, theme running through the three linked essays that form this book, it is the failure of leaders to look beyond their own and the country's immediate ambitions and desires so as to plan prudently for a darkening future.[4] Phillips uses the term financialization to describe how the U.S. economy has been radically restructured from a focus on production, manufacturing and wages, to a focus on speculation, debt, and profits. Since the 1980s, Phillips argues in American Theocracy, the underlying Washington strategy… was less to give ordinary Americans direct sums than to create a low-interest-rate boom in real estate, thereby raising the percentage of American home ownership, ballooning the prices of homes, and allowing householders to take out some of that increase through low-cost refinancing. This triple play created new wealth to take the place of that destroyed in the 2000-2002 stock-market crash and simultaneously raised consumer confidence. Nothing similar had ever been engineered before. Instead of a recovery orchestrated by Congress and the White House and aimed at the middle- and bottom-income segments, this one was directed by an appointed central banker, a man whose principal responsibility was to the banking system. His relief, targeted on financial assets and real estate, was principally achieved by monetary stimulus. This in itself confirmed the massive realignment of preferences and priorities within the American system…. Likewise, huge and indisputable but almost never discussed, were the powerful political economics lurking behind the stimulus: the massive rate-cut-driven post-2000 bailout of the FIRE (finance, insurance, and real estate) sector, with its ever-climbing share of GDP and proximity to power. No longer would Washington concentrate stimulus on wages or public-works employment. The Fed's policies, however shrewd, were not rooted in an abstraction of the national interest but in pursuit of its statutory mandate to protect the U.S. banking and payments system, now inseparable from the broadly defined financial-services sector. https://en.wikipedia.org/wiki/Kevin_Phillips_(political_commentator) Image By Emilian Robert Vicol from Com. Balanesti, Romania (Money 100 USD) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Просмотров: 898 The Film Archives
Tsunami of bad debt is about to fall upon us
Watch the full Keiser Report E471: http://youtu.be/ySd1wH7A6HE In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the market creatures with no apparent instinct for survival as they walk toward the frothy market despite all the signs of a debt tsunami about to hit. They also discuss when Goldman Shrugged after Thomson Reuters data was no longer available to high speed frontrunners. In the second half, Max talks to Jan Skoyles of The Real Asset Company about gold demand in China, the Shanghai Gold Exchange and smuggling Snowden in Venezuela's gold delivery. FOLLOW Max Keiser on Twitter: http://twitter.com/maxkeiser WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-current RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Просмотров: 17279 RT
Part 1 - Is Government Adequately Protecting Taxpayers from Medicaid Fraud?
Joint hearing of the Subcommittee on Health Care, District of Columbia, Census, and National Archives and the Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending entitled, "Is Government Adequately Protecting Taxpayers from Medicaid Fraud?" on April 25, 2012
Просмотров: 1191 oversightandreform
The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad
This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal. Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBCand BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004. Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson. Mr. Wesbury received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published his first book, The New Era of Wealth, in October 1999. His most recent book, It’s Not As Bad As You Think, was published in November 2009 by John Wiley & Sons. In 2011, Mr. Wesbury received the University of Montana’s Distinguished Alumni Award. This award honors outstanding alumni who have “brought honor to the University, the state or the nation.” There have been 267 recipients of this award out of a potential pool of 91,000 graduates. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Просмотров: 1869695 TEDx Talks
7 Charts of U.S. Financial Collapse and Massive Debt Implosion!
Look In My Book!: http://book.themoneygps.com ******************************************************************** My Free eCourse to Unveil the TRUTH: http://themoneygps.com/freeecourse Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: debt GDP ratio stock market chart bond Debt-GDP-Presdient-022216.png (857×554) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-GDP-Presdient-022216.png Debt-Structurally-Maintainable-Level-022216.png (855×513) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-Structurally-Maintainable-Level-022216.png Debt-GDP-Annual-022216.png (1017×567) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-GDP-Annual-022216.png Debt-GDP-Growth-022216.png (790×521) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-GDP-Growth-022216.png Debt-Austrian-Theory-022216.png (1024×651) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-Austrian-Theory-022216.png Debt-Economic-Deficit-022216.png (826×516) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-Economic-Deficit-022216.png Debt-Total-GDP-022216.png (774×470) http://realinvestmentadvice.com/wp-content/uploads/2016/02/Debt-Total-GDP-022216.png deb deficit inflation deflation
Просмотров: 4055 The Money GPS
I promise this will be better than Friday Night Live. Let me see whether I have this right: There seems to be a notion that - if not for the war - the budget would have been balanced. Remember, the same war that was brought on us by fraud, Iraq. So, of course it makes sense that the war caused the deficits. Right? Well not quite. I got this from the Perot Charts, a collection of graphs based upon government data. Go google it. Indeed, the chart shows that except for 2007 the costs of the war was a fraction of the deficits that were in fact foremost caused by the Bush tax cuts. The next claim is that tax cuts increase employment. Lets see now, I have here a chart that shows . Hmmm the exact opposite. --- Next, the favored Republican argument is that the Democrats are liberal spenders. Really? Doesnt look like it if I check the government data, does it now? In fact, it looks to me like Clinton was the only president in several decades who managed to reduce the budget deficit. Ill be darn! --- Now, of our debt, how much is being held by foreign countries? 2.7 Trillion! Wow, THATS ONE THIRD. Of that 518 billion by China, 590 by Japan, 290 by England, 148 by Brazil, 179 by Oil exporters. Wait a second, Japan more than China? What the hell do we buy from there? Lets look a second at how the national debt developed. It hate to say this but Clinton again looks pretty darn good! Who were his economic advisors? --- Senator Richard Shelby claims that the current stimulus is spending never seen before. We are talking about $800 billion? Lets see now, from 2004 through 2007 we created a deficit of $2 trillion. Close! By the way, I agree with Paul Krugman, that the $800 billion currently under discussion will not be enough. Now, yesterday I asked the question whether we have a prayer to pay off the national debt while the economy is in shambles. I dont remember anyone said we could. That seems different if the economy has been put back in shape. After years of ever reducing the deficit, Bill Clinton at the end of his term in office managed to reduce the national debt. Lets hope Obama gets us out of Iraq in a hurry so we can cut some of the war spending. Remember now, a significant portion of the war spending ends up in Iraq and has little, if any, impact on the domestic monetary flow! Oh, and as to the stimulus, the reason I take the word of Paul Krugman over that of the opponents is because they are true flakes who have not a clue. Lets listen to McCain, the one who is so much against the stimulus that it almost hurts, talking about us being in Iraq! Oh yes, and on the economy where he is the expert! I take it you remember Paul Krugman, the Nobel price winner in economy, who has no stake in the delaying tactics of the Reps: the current stimulus is too small. The strategy of the Republicans is transparent. Every day of delay increases the likelihood that in 2010 the effect of the stimulus is less, increasing their chances to catch more seats. OK, Ill see you and make a million! You play the Power Ball? Your only chance!!
Просмотров: 701 B von Grabe
Ron Paul on the Obama Stimulus Plan
DISCLAIMER: this video is not mine Subscribe now to keep updated on the latest developments. Ron Paul is a Republican United States Congressman, physician, bestselling author, and two-time presidential candidate from Lake Jackson, Texas. He has an active base of supporters that has been coined the "Ron Paul Revolution." He is also the founder of the advocacy group Campaign for Liberty.
Просмотров: 4562 NationZone
National Debt Rises
Congress approves $2 trillion debt ceiling, while the national debt increases to $14 trillion and is spinning out of control. Congress and President Obama play kick the can down the road to default and S&P downgrades US AAA rating for first time in history. Says it needed 4 Trillion in cuts but Obama and the Progressives want tax expenditures (code: increases) in order to get the economy rolling to a complete stop. Meanwhile, the Fed Chair says we'll have 2 more years of little growth. The President said in 2009 that we were out the recession and had turned the corner. Many say that the "Stimulus Package" and "Tarp" money did nothing to better the economy but was merely a payback to Unions. Obama laughing in an interview about his shovel ready jobs not being so shovel ready and blames Bush,the Tea Party, S&P, and the tsunami for the economic woes. The job market remains stagnant as unemployment stays over 9% with some 417,000 jobless claims coming in for the previous month. Some economists predict a double dip recession. and the President calls for higher fuel standards in large vehicles at a time when electric car sales tank. Gas prices remain high and gold soars to new levels for fear of eventual inflation and the weak US dollar. Uncle Bob is losing his home and farm to foreclosure as the economy slips into what he laments as a depression like the 1930's. He 's singing a new tune called Oh Mama! (Debt Ceiling Blues). What is a puppet do?
Просмотров: 72 taxpayeranthem
Reality Check: The Stimulus Package isn't Working
U.S. Goods Orders Rise for Fourth Time in Six Months http://www.bloomberg.com/apps/news?pid=20601068&sid=aM4BDwAYoatU for the first time since March http://www.marketwatch.com/story//new-home-sales-fall-unexpectedly-in-sept-2009-10-28 Joe Lieberman: I'll block vote on Harry Reid's plan http://www.politico.com/news/stories/1009/28788.html 30,000 stimulus jobs figure is way off the mark http://www.msnbc.msn.com/id/33522856/ns/business-stocks_and_economy/ Metro jobless rates fall in September http://www.msnbc.msn.com/id/33519117/ns/business-stocks_and_economy/ Please support other channels that expose the truth. http://youtube.com/user/davincij15 http://youtube.com/user/Victoryindepe... http://youtube.com/user/DonHarrold http://youtube.com/user/Breakthematrix http://youtube.com/user/stellaconcepts http://youtube.com/user/walstreetpro2 http://youtube.com/user/Kittenkattan http://youtube.com/user/visionvictory http://youtube.com/user/inflationus http://youtube.com/user/jberni1 http://youtube.com/user/Manoftruth
Просмотров: 4248 DEMCAD
Monetary Reform Act
About The Two Step Plan to National Economic Reform and Recovery Description Step 1: Directs the Treasury Department to issue U.S. Notes (like Lincoln's Greenbacks; can also be in electronic deposit format) to pay off the National debt. Step 2: Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt. These two relatively simple steps, which Congress has the power to enact, would extinguish the national debt, without inflation or deflation, and end the unjust practice of private banks creating money as loans (i.e., fractional reserve banking). Paying off the national debt would wipe out the $400+ billion annual interest payments and thereby balance the budget. This Act would stabilize the economy and end the boom-bust economic cycles caused by fractional reserve banking. General Information Monetary Reform Act -- A Summary (in four paragraphs) This proposed law would require banks to increase their reserves on deposits from the current 10%, to 100%, over a one-year period. This would abolish fractional reserve banking (i.e., money creation by private banks) which depends upon fractional (i.e., partial) reserve lending. To provide the funds for this reserve increase, the US Treasury Department would be authorized to issue new United States Notes (and/or US Note accounts) sufficient in quantity to pay off the entire national debt (and replace all Federal Reserve Notes). The funds required to pay off the national debt are always closely equivalent to the amount of money the banks have created by engaging in fractional lending because the Fed creates 10% of the money the government needs to finance deficit spending (and uses that newly created money to buy US bonds on the open market), then the banks create the other 90% as loans (as is explained on our FAQ page). Thus the national debt closely tracks the combined total of US Treasury debt held by the Fed (10%) and the amount of money created by private banks (90%). Because this two-part action (increasing bank reserves to 100% and paying off the entire national debt) adds no net increase to the money supply (the two actions cancel each other in net effect on the money supply), it would cause neither inflation nor deflation, but would result in monetary stability and the end of the boom-bust pattern of US economic activity caused by our current, inherently unstable system. Thus our entire national debt would be extinguished -- thereby dramatically reducing or entirely eliminating the US budget deficit and the need for taxes to pay the $400+ billion interest per year on the national debt -- and our economic system would be stabilized, while ending the terrible injustice of private banks being allowed to create over 90% of our money as loans on which they charge us interest. Wealth would cease to be concentrated in fewer and fewer hands as a result of private bank money creation. Thereafter, apart from a regular 3% annual increase (roughly matching population growth), only Congress would have the power to authorize changes in the US money supply -- for public use -not private banks increasing only private bankers' wealth. Mission To restore confidence in and governmental control over money and credit, to stabilize the money supply and price level, to establish full reserve banking, to prohibit fractional reserve banking, to retire the national debt, to repeal conflicting Acts, to withdraw from international banks, to restore political accountability for monetary policy, and to remove the causes of economic depressions, without additional taxation, inflation or deflation, and for other purposes. Products http://www.themoneymasters.com/430-2/ Website http://www.themoneymasters.com/monetary-reform-act http://www.facebook.com/pages/Monetary-Reform-Act/197358397019276?sk=info P.S. Please, create your own video address, and let the president know that we need real reform in our financial system! If not, please like the clip. Thank you!
Просмотров: 240 innseanach
The Obama Stimulus: Predictions vs. Reality
When pushing the stimulus package, President Obama claimed that the stimulus would save 3 million jobs. How have his predictions turned out so far? This video compares those predictions with how the jobs numbers have actually turned out. Sources: Predicted data used by President Obama to argue for the effectiveness of the stimulus: http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf Actual data as collected by the Bureau of Labor Statistics: http://www.bls.gov/news.release/empsit.nr0.htm
Просмотров: 279517 10000Pennies
Annual interest on Korea's national debt nears $19 billion in 2013  올해 나랏빚 이자 20조원 돌파...국민 1인당 40만원
Click "CC" for Scripts Subscribe to Arirang News! http://www.youtube.com/subscription_center?add_user=arirangnews Korea's national debt has followed an upward trajectory since the 2008 financial crisis,. and now the interest on that debt has reached a point where it could threaten the nation's fiscal soundness. Eoh Jin-joo has this report. With Korea's national debt drawing ever nearer to 500 trillion won,. that's some 465 billion U.S. dollars,. the annual cost of just paying the interest on that debt has also skyrocketed. Data released on Tuesday by Seoul's Finance Ministry and the National Assembly's Strategy and Finance Committee shows. that the interest on the government debt for this year has surpassed the 20-trillion-won mark, which is around 18-point-6 billion dollars. This means that every Korean is responsible for over 370 dollars of interest for the government debt. The government's spending on interest payments has accounted for only around 6 percent of its fiscal budget since 2006, but this percentage jumped to 7-point-7 percent this year. Experts attribute the increase to a surge in government spending during the global financial crisis. Before the 2008 crisis, the country's national debt was on a steady upward trajectory. But the figure began to shoot up in 2009 after the crisis broke,. and has continued to go up since then. By the year 2015, the national debt is expected to hit 475 billion dollars. Analysts have voiced concerns that the growing interest payments could eventually push up the government debt again, producing a negative effect on the country's fiscal soundness,. and they've called on the government to devise more plans to rein in the national debt. Eoh Jin-joo, Arirang News. jjeoh@arirang.co.kr
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Underwater home?Sue,lender for Appraisal and Securities Fraud.
Underwater home? Sue Your lender for $1,000,000.... The Fraud Enforcement and Recovery Act of 2009 (FERA) Prosecuting Mortgage Fraud Cases as Bank Fraud By amending the definition of "financial institution" to include a "mortgage lending business," FERA gives the Justice Department the capability to prosecute mortgage fraud cases as bank fraud and to seek enhanced penalties under the mail and wire fraud statutes. As a result, convictions for mortgage fraud can now carry a 30-year maximum prison sentence or a maximum $1 million fine, or both. Even more importantly, mortgage fraud cases will now have a 10-year statute of limitations, as opposed to the 5-year statute of limitations for other frauds, which will give federal prosecutors much more time to develop such cases. The new definition of "financial institution" does not alter current AML reporting requirements because the Bank Secrecy Act has its own definition of that term. However, as noted above, the government is apparently considering whether to extend AML reporting requirements to non-bank mortgage lenders. Prosecuting Mortgage Fraud Cases for False Statements FERA extends the reach of the statute concerning false statements in mortgage applications to include false statements intended to influence any action by a mortgage lending business. Before the enactment of FERA, the false statements statute only applied to false statements intended to influence the action of federal agencies, banks, and credit associations. This statute also carries a 30-year maximum prison sentence or a maximum $1 million fine, or both. Prosecuting Schemes to Falsely Obtain Economic Recovery Funds as Major Frauds Against the United States FERA amends the statute concerning major fraud against the United States to add schemes to falsely obtain $1 million or more of TARP funds or other funds constituting federal assistance, such as those available through the economic stimulus plan and the federal government's purchase of preferred stock in companies. The statute carries a 10-year maximum prison sentence or a maximum $1 million fine, or both. Prosecuting Schemes in Connection with Commodities The securities fraud statute is amended by FERA to include frauds involving commodities for future delivery or options on commodities for future delivery. The statute carries a 25-year maximum prison sentence or a maximum $250,000 fine, or both. Extending the Reach of the Money Laundering Statutes In response to United States v. Santos, FERA amends the money laundering statutes to provide that it is unlawful money laundering to conceal the gross receipts of the specified crimes, and not just the profits from those crimes. FERA also makes it a crime for individuals to transport or transfer money in and out of the United States to evade taxes.
So, my husband decides to answer a call from a number he doesn't recognize (FYI it was 206-451-5155 ... a Washington state phone #). They said he qualified for a government grant of $9,200.00 to do whatever he wants with claiming the ARRA act of 2009. He hangs up, we do a little research, even called a government grant hotline. Our suspicions were correct... it's a scam!! So hubby called him back and it got pretty comical so I decided to start recording. Unfortunately, I had to condense the file size in order to share and all we have is the audio with out Ron's hilarious facial expressions. Please BEWARE there is some mildly explicit language but I thought it was too entertaining not to share. LIKE & SHARE to get the word out. AND... If you decide to call the number for more entertainment, PLEASE RECORD & SHARE YOUR VIDEO OR RECORDING WITH WITH US. 😂
Просмотров: 568 Aimee Castro
Preventing Stimulus Waste and Fraud: Who are the Watchdogs? (Part 1)
Preventing Stimulus Waste and Fraud: Who are the Watchdogs? (Part 1) - House Oversight Committee - 2009-03-19 - House Committee on Oversight and Government Reform. The Full Committee will hold a hearing titled:"Preventing Stimulus Waste and Fraud: Who are the Watchdogs?" The hearing willreview the organizations and officials responsible for oversight of spending under the American Recovery and Reinvestment Act. In addition, the hearing will review what proactive steps these officials are taking to prevent wasteful spending, as well as plans for audits and investigations to identify and prosecute fraud in stimulus programs. Video provided by the U.S. House of Representatives.
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An Empire of Debt Leading to a "Crack-up" in the Global Monetary System w/Bill Bonner!
check us out on Facebook http://www.facebook.com/CapitalAccount Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capital Account. US President Obama returned to the campaign trail today, holding his first post-Sandy event. As we head into the last few days of the presidential race, we ask Bill Bonner, bestselling author and founder of Agora financial what he thinks the biggest issues on the electoral agenda should be. Considering the problems facing the country took decades to form, can they be easily resolved by the casting of a vote? And what about the debt and the deficit? Both presidential candidates express some concern about the debt, but are either really going to act on those concerns in meaningful ways? Also, better-than-estimated US economic data, including initial jobless claims and consumer confidence, pushed stocks higher, according to the Financial Times. What exactly do the numbers mean? People look at indicators ranging from payroll numbers to the stock market, to get a sense of the health of the economy; today we talk to Bill Bonner, author of Empire of Debt, about other litmus tests that might give us a better sense of where the US is headed. What does he look at, and how important is an indicator like GDP in telling us how well our economy is doing? And prices for gasoline, soda, hotel rooms, and batteries have risen sharply in areas affected by Superstorm Sandy. In some areas of New Jersey, residents waited on line for hours to buy gasoline. New Jersey Governor Chris Christie and New York Governor Andrew Cuomo have stepped up efforts to crack down on retailers looking to make increased profits on the storm. With inefficiencies created by long lines, Lauren and Demetri discuss if there is a case for price gouging, even during the aftermath of a storm like Hurricane Sandy, in today's "Loose Change." Demetri thinks that the very term "gouging" is pejorative, and that trying to regulate what price is exorbitant, instead of letting the market determine that, is asking for trouble. Also President Obama announced plans to create a new cabinet-level position called the Secretary of Business. Obama said on MSNBC's Morning Joe that "We should have one Secretary of Business, instead of nine different departments that are dealing with things like giving loans to SBA or helping companies with exports. There should be a one-stop shop." Obama then blamed Congress for this consolidation not happening before because lawmakers have been "very protective about not giving up their jurisdiction over various pieces of government." Lauren and Demetri discuss the usefulness of a "Business Czar," and why president after president feels the need to intervene in the market in order to help the very businesses' that his policies are hurting.
Просмотров: 47409 CapitalAccount
Why the USA wants the Limelight in Syria: Sovereign Debt & Govt-Banking Scams
The American Debt crisis has exploded and the senate and congress are at each others throats.....trying desperately to brutalize Syria then Iran. The G8 and the money lenders "that Jesus warned us about" now own every Central Bank across the Globe. The Local figurehead in the USA, Ben Bernanke, retires soon and his pension fund is spectacular (as described concisely by Eric Bolling on Fox News' THE FIVE program! The shootings report that follows reflects a BLACK flag campaign by the US govt to make themselves safe by sequestering US citizen's guns....like they took their gold into fort knox in the 1930s. The central bank in America was privatised in 1913.....and they hid their shame the usual way in 1914. 2014 is less than a year away.......when they call your kids to war....just knock that guy in the pin stripe suit/news media off his/her soap box and tell the local police that they can keep their jobs (if they look after global citizens even when they get drunk in the streets to celebrate their liberation from centuries of fascist profiteering by less than 10,000 greedy and genocidal tyrants). You need to learn from history before you remember your children as a share of the elite poppy fund and the war graves tourist industry.
Просмотров: 84 George Lees
How to Get Your Stimulus Package Grant
$24.6 Billion Available Stimulus Package Grants 5 Ways to Make Your Proposal Stand Out, Review of Stimulus Package Purpose/Process, Tour of Recovery Sites Claim Your Free Webcast tea party
Просмотров: 763 OurNationalDebt
Caller: Forgive Student Debt? Why not my Credit Cards?
Thom Hartmann hears from a caller who says he's all in favor of the government forgiving student loan debt as long as they forgive his credit card debt. If you liked this clip of The Thom Hartmann Program, please do us a big favor and share it with your friends... and hit that "like" button! http://www.thomhartmann.com Follow Us on Twitter: http://www.twitter.com/thom_hartmann Subscribe to The Thom Hartmann Program for more: http://www.youtube.com/subscription_center?add_user=thomhartmann
Просмотров: 1584 Thom Hartmann Program
Economic Scam 2009: Zionist Obama and Hillary are extorting Money to Dubai, China & India, WTF!
Huh, wTF? Economic collapse crisis depression 2009 bull bear market shares tank tanking have been tanked gold silver bonds treasury notes (End of the World is coming December 21, 2021 prophecy. The Maya's "Long Count" calendar marks the end of every 5126-year era. A previous cycle ended 13,363 years ago--during the age of Leo, at the same time when the Earth was struck by comets and asteroids. The next cycle ends on 2012. Does this mean the world end on 2012? No. It means the calendar ends. Yet, there is also a warning, so let those with eyes, see.) (Planet X Inbound 2012 Mayan Calendar). (alien) (ufo) (solar system) (video biblical prophecy) (Sumerian) (Egyptian) (ancient) (atlantis) (sinking continent) (earth changes) (climate) (sun solar flare) American Militia, American Resistance Movement, American Revolution, Revolution, Revolt, American Militia Movement, A.R.M, Alex Jones, New World Order, Illuminati, NWO, Skull and Bones, Bush, 911 Conspiracy, The Civilians Military, Militia, American Resistance Movement, Revolt, Bilderberg, CFR, Alex Jones, Jordan Maxwell, Loose Change, End Game, Terrorstorm, Patriot Act, HR 1955, 911 was an inside job, truth, iraq war, black water, free masons, Ron Paul, New World Order carbon tax CO2 Global Warming is a fearmongering scam. The sun is getting hotter. Alex Jones is just one source. Police State is just making some X-military clones. MK Ultra mind control. Income. John F. Kennedy or JFK CIA FBI international bankers Rothschild David Rockefeller. Chemtrails chemical trails from jets. Air Force United States Army Navy Marines National Guard. NORAD stood down. Fake war in Iraq and Afghanistan but the human deaths are real. Corporations own a market for every physical item on this Earth. Immortal Technique is trying to push the revolution into the streets. I don't know if I can agree with that. People go to work all day Jedi Mind Tricks are alright. Vinnie Paz in shit. Paris is OK. Sick Since and Ill Bill all good. 911 or September 11, 2001 was the greatest world scam to take place in a very long time, no matter what your take on the conspiracy theorist or theories America American Turn off the TV and the news. Project Paper Clip Operation Northwoods George W H Bush Bill Skull and Bones Bohemia Grove secrete societies Freemasons mason Masonic Temple Mormon. Government in schools. Mercury Vaccines. Nazi Hitler Every one is in a rush. Drugs marijuana blunt alcohol tobacco National ID Cards in May 2008. Elections are rigged. Real ID Act congress president. Obama and Mccain are clones. Republicans and Democrats are the same. Council on Foreign Relations. Club of Rome. Trilateral Commission. Federal Reserve illusion money dollar fall. Graph and carts. Round Table. Cocaine Mushrooms Crack Heroin Meth. 666 Mark of the Beast Christian Catholic Muslim Jewish Jew inside job protest fight Last Days Jesus Christ God. The second coming. North American Union. South American Union. APEC. European Union. All Seeing Eye. Devil Lucifer. Traffic cams cameras intersection cops The Financial Crisis Explained clowns jesters. CFR is weak. NAU One World Government
Просмотров: 7523 SockPuppetArmy
Bush Touts Stimulus Package During KC Visit
President George W. Bush prodded Congress to pass an economic stimulus package Friday, pointing to "troubling signs" in a new report that ended a 52-month streak of national job growth. Bush was in the nation's heartland pressuring Congress to boost the sagging economy with a plan of tax rebates for millions of people and tax breaks for companies. The White House-backed economic rescue deal in the House has hit roadblocks in the Senate. "Inflation's low. Productivity's high, but there are certainly some troubling signs, serious signs that the economy is weakening and that we've got to do something about it," said Bush, who spoke just hours after the Labor Department reported that employers cut 17,000 jobs in January. It was the first such reduction in more than four years and a fresh sign that the economy might be stalling. And it ended Bush's repeated claim -- made most recently in his State of the Union address -- that "America has added jobs for a record 52 straight months." On Friday, at Hallmark Cards Inc., Bush said, "A serious matter is that for the first time in 52 months we didn't create jobs." "And so the question is, what do we do about it? ... I do think government has a responsibility. I think government can take decisive action to help us deal with this period of uncertainty." Bush gave perhaps the gentlest push of his administration, in a shift in rhetoric. "I appreciate the fact that the Senate is trying to work though this as quickly as possible," he said. "I'm just urging them to get it done -- because the sooner this package makes it to my desk ... the better off our economy is going to be. I believe we can get this package done, but I believe it has to be done quickly." The president's speech on the economy capped three days of travel to highlight themes in his State of the Union address and raise an estimated $4.7 million for the Republican Party and its candidates in California, Nevada, Colorado and Missouri. After visiting Hallmark, Bush went to raise money for Rep. Sam Graves, R-Mo., who is in a tough re-election race against former Kansas City Mayor Kay Barnes. There have been numerous signs that the economy is in what the president called a "rough patch." The Commerce Department reported Thursday that consumer spending was up just 0.2 percent in December, the weakest in six months. Also, the Labor Department reported that the number of laid-off workers filing applications for unemployment benefits increased by 69,000 last week. And overall, the economy nearly stalled in the fourth quarter of last year with a growth rate of just 0.6 percent, capping its worst year since 2002. "The fundamentals are strong, we're just in a rough patch," Bush said. Both the president and Congress are anxious to show some action to a frustrated public. The House quickly adopted a $161 billion economic stimulus plan this week that would send $600 to $1,200 rebates to more than 100 million Americans in hopes they would spend the money quickly and give the flagging economy a shot in the arm. Senate Democrats are pushing to add elements to the House plan that they say will add a bigger boost, including smaller rebates that would go to more people such as low-income older Americans, wealthier taxpayers and disabled veterans, plus heating aid for the poor. The Senate plan, estimated to cost $204 billion, also would extend unemployment benefits. Bush spoke after taking a tour of Hallmark, which is based in Kansas City. He stepped in a veritable kids' dream - an interactive playhouse filled with art supplies and colorful props. The president seemed to love it. As kindergartners buzzed from station to station, Bush patted the kids on their heads and leaned way over so he could talk to them face to face. When he sat down to make his own card with a red marker, Bush looked at reporters and asked, "Who deserves a valentine?" Later, when Bush took the podium, he appeared to have a little glitter on his face, the product of his visit to the children's center. "I am still trying to recover from the kindergarten experience," Bush said. "You talk about sapping your energy."
Просмотров: 2160 KMBC 9
Просмотров: 236 Beshoy Fahim
Dave Ramsey Livid Over Obama Stimulus Bill
Financial expert Dave Ramsey finds out what many of us already know. Barack Hussein Obama is a liar and the "stimulus" bill will not stimulate the economy. Ramsey says Obama "lied to the American people" and called his stimulus bill "... the biggest scam in American history". This is the biggest socialist pork bill ever.
Просмотров: 42762 Christian Conservative Black View
Deregulation the Cause for the Market Crash and Fraud?
Some people blame deregulation for the stock market crash, econ meltdown, fraud and economic problems. Bernie Madoff fraud, NASDAQ, INDU, SEC R Allen Stanford ponzi scheme, US Congress, bailout, stimulus, housing mortgage real estate bubble, regulation, deregulation, scam, Glass Stegall, Lehman, Bear Stearns, Peter Schiff, Jim Rogers, George Soros, Warren Buffet, CNBC, market crash, mutual funds, hedge funds foreclosure Ron Paul bankruptcy http://www.mutualfundcenter.com http://www.atlanticfinancial.com http://www.fentonreport.com/2003/11/24/health-living/be-thankful/42 http://www.fentonreport.com/2003/12/01/wealth-management/planning-for-non-traditional-households/43 http://www.fentonreport.com/2003/12/22/health-living/christmas-crisis/44
Просмотров: 1930 Bruce Fenton
Planet Ponzi Bubble about to Burst! World Debt Unsustainable - Mitch Feierstein Interview
New Silver Company Acquired 3 of First Majestic Properties!: http://FutureMoneyTrends.com/SilverOne Another new and exciting guest today: Mitch Feierstein who wrote 'Planet Ponzi' and is very knowledgeable on the out of control world sovereign debt crisis which in his expert opinion has to lead to a much bigger crash than 2008; likely within the next 3 years. The can has been kicked too long and if you're still uncertain, watch this interview to get woken up to just how big a scope this crisis is! TOPICS IN THIS INTERVIEW: 02:00 History of Mitch & Planet Ponzi: Huge Crash Soon 04:40 Deutsche Bank insolvent; abhorrent world debt 05:40 Italy & other Countries can Never Pay Back Debt 06:45 Central Banks Buying Stocks & Manipulating Market 08:00 How long can system be propped up? Crash Next 3 Years 09:00 Inflation in College tuition, housing, wages stagnant 10:20 Federal Reserve's created huge asset bubbles; will pop 11:15 US Riots, civil unrest coming while middle class dying 12:30 FED's balance sheet approaching $5 Trillion...No Exit 13:30 Hillary Clinton is the status quo, Donald Trump wild card 15:40 We Need campaign finance reform; George Soros funds 17:00 Planet Ponzi Book & How to take Action, Protect Yourself 20:00 Debt blocks future consumption...China's printed $38 Trillion 24:15 Any hope to fix the problem? Technological advancement 25:10 There is not Capitalism without allowing Bankruptcy 27:20 Homelessness all time high, Wealth being Wasted
Просмотров: 6068 FutureMoneyTrends.com
Sen. Tom Coburn: How Both Parties Bankrupted America
"Both parties have equally participated in abandoning the limited role of the federal government," says Sen. Tom Coburn (R-Oklahoma), whose new book, The Debt Bomb: A Bold Plan to Stop Washington from Bankrupting Our Economy, argues that Republicans and Democrats together have brought the U.S. to the brink of fiscal calamity. First elected to the house in 1994 as part of the "Republican Revolution," Coburn is a staunch fiscal and social conservative, who's been outspokenly critical of members of his own party for compromising their principles out of political expedience. Coburn has publicly taken former House Speaker Newt Gingrich to task for lacking leadership and resolve during his battles with the Clinton White House to cut spending in the mid-90s. Coburn, who's known in the senate as "Dr. No" for vetoing almost all new spending initiatives, says the federal budget is rife with "waste, fraud, and duplication." In 2006, Coburn co-sponsored legislation that created USASpending.gov, which makes publicly accessible a list of all recipients of government funds. In 2010, Coburn was instrumental in getting the Government Accountability Office to undertake researching and documenting wasteful government programs. A supporter of a constitutional ban on same-sex marriage, Coburn was a co-author of the Partial-Birth Abortion Act of 2003, and he supported a 1996 law requiring that "V-chips" be placed in all television sets to allow parents to block programming deemed unsuitable. In 1997, Coburn criticized NBC for airing the Holocaust-film "Schindler's List" on the grounds that it included "vile language, full-frontal nudity and irresponsible sexual activity." NBC characterized Coburn's views as "frightening." ReasonTV's Nick Gillespie sat down with Sen. Coburn to discuss wasteful spending, cutting entitlements, the need for free-market health care, and whether he's losing faith in the government's ability to enforce values. Shot by Jim Epstein and Meredith Bragg, and edited by Epstein. Go to http://Reason.tv for downloadable versions and subscribe to ReasonTV's YouTube Channel to receive notifications when new material goes live.
Просмотров: 18362 ReasonTV
Federal Reserve ends bond-buying stimulus program
The Federal Reserve is ending its bond-buying program, known as quantitative easing, in response to the strengthening job market and other economic improvements. The Fed spent nearly $4.5 trillion on bonds to help stimulate the economy. Norah O'Donnell reports.
Просмотров: 193 CBS This Morning
Gregg Calls Finance Bill Funding Plan a `Total Fraud': Video
June 30 (Bloomberg) -- U.S. Senator Judd Gregg, a New Hampshire Republican, discusses his opposition to the Democrats' strategy to finance the U.S. financial regulation bill. Democratic lawmakers cleared the way for final votes in the House and Senate on the U.S. financial-regulatory bill after reconvening to make a fix requested by Republican senators, who objected to charging banks and hedge funds $19 billion to help pay for the measure. Gregg speaks with Peter Cook on Bloomberg Television's "In the Loop With Betty Liu." (Source: Bloomberg)
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Obama 50days
** Obama is on track to spend more money than any person in the history of the planet. ** Obama and Pelosi's stimulus bill was the largest spending bill in the history of the planet. ** Obama and democrats have already saddled America's children and grand children with massive debt. Not that this bothers them. ** He's lost at least 3 administration nominees due to tax fraud. ** He's promoted a tax cheat to run the IRS and Treasury. ** He's insulted America's greatest ally, Great Britain. ** He's reneged on missile agreements with allies Poland and the Czech Republic. ** His administration has already met with the murderous Assad Regime from Syria. Rescue workers and soldiers stand around a huge crater after a bomb attack that tore through the motorcade of former Lebanese Prime Minister Rafik Hariri in Beirut, Lebanon. Investigators have linked the Assad regime to the attack. (SMH) ** Obama signed legislation to close Gitmo. ** Obama freed a dirty bomber from Gitmo to Great Britain. ** Obama told US soldiers and marines in Afghanistan, "We're losing." It's a safe to say that Barack Obama could never have led America during WW II without surrendering. (Numbers from Iraq Casualties and GP) ** Obama's VP told US soldiers and marines that US deaths will rise in Afghanistan. ** Obama has already discussed holding peace talks with the Taliban. ** The Obama stock market had its worst January in 113 years. ** The stock market had its worst February since 1933. ** The Dow has dropped faster under Obama than any other new president in 90 years. ** Obama's budget more than doubles the national debt held by the public, and adds more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined. ** Obama managed to spend more than the wars in Iraq and Afghanistan combined. ** Obama will quadruple the deficit this year. ** Cap & trade was introduced that will cost America 4 million jobs and cost Americans at least $700 per family per year. ** Team Obama announced easing restrictions with communist Cuba. ** Meanwhile, democrats further restricted free trade with ally Colombia. ** Obama signed legislation to fund foreign abortions. ** Obama signed legislation to fund embryonic stem cell research. ** Democrats already banned offshore drilling. ** Democrats scrapped oil and gas leases in Utah for energy development. ** Obama's party permanently banned drilling in ANWR
Просмотров: 1613 PaleoCon!