Deficit and Debt Ceiling
Basic of the deficit, debt and debt ceiling
Video Rating: 4 / 5
(link to lesson 3: www.youtube.com Lesson 2 – Revisiting Economics 101 – Debt: Imperial Power and Control discusses the power of debt-based money, emboded in the bond market, and its ability to exert total top-down power and control over the empire. You will learn how our system is not a free market and how neoclassical economics misses so many key points.
Video Rating: 4 / 5
Man, I heard Sal said we had a Triple A rating, then I was like, “What?! We got it back?!!” But then I looked at the date this tutorial was made and my heart sank.
I know you probably won’t do it, but I’m wondering what you think about the current suggestion to raise the debt ceiling. I mean are you for or against it?
I would understand if you didn’t want to say, b/c so many people are abusive when you don’t think exactly what THEY do. Anyway, I’m constantly curious.
@MrFlashInvader But the wars are keeping people working in the gun industry busy. And that industry is big in the US
Money is imaginary, and who are we paying interest to? Oh our masters, the banks, magic money makers.
Money is imaginary, and who are we paying interest to? Oh our masters, the banks, magic money makers.
@lordcroesus
step 4. reset all the bank system
removing the bush tax cuts will flatten the debt forecast. Increasing taxes on the wealthest as well as renovating the SS and medicare such as increasing retirement age as people are living longer. Lastly, reduce spending on defense and prisons while simultaniously increasing spending on high tech, schools, medical and small business formation. This is the recipe we need to follow, so simple!
@aydarsh Good question. No. We have both here in Maine and the government still spends crazy, especially under the left. It hurts the poor (not as much as inflation) and is simply immoral. Most forms of tax are theft. We once just did user fees and tariffs. Tariffs are like consumption tax so I don’t promote them. I would like to see the government depend on user fees and donations, but it would need to cut at lest 90% to work, maybe 98%. I think everyone would be richer if it did shrink.
@TravistheHuman Do you think that a consumption tax is a better alternative instead of the income tax?
@lordcroesus I agree to cut the military, we have far more than we need and people can take care of themselves, but I believe income tax is immoral. Without it everyone could do whatever they want with their money, the nation would have a sane budget and would try to please donators. (no one gets rich by catering to the rich, the government would do what the vast majority wants) I hope you left-winger one day understand that some rich are honest and deserving and others cheat. I’m not prejudice.
Lets seriously get this guy as the president. Super smart and a great humanitarian.
@parkj238 At least the monopoly would be providing services while the dictator in that same 3rd world country is killing the people.
Never mind. I’m not defending monopolies. I’m defending capitalism. The worst case scenario under capitalism is far less destructive than the worst case under socialist rule.
Salman for president, I second the motion
@Goohuman I don’t understand what you don’t get about monopolies not being accountable for inefficiencies or lack of innovation. There is no internal check when you have total market power. We have an antitrust division, there are lawsuits filed against collusion and monopolistic behavior in the U.S. all the time to try prevent such a thing from coming into being. Go to a third world to see what a company with monopolistic control provides to its citizens in terms of service and support.
@parkj238 Alright. I don’t care to debate with you as to what you consider a monopoly. Just tell me. Tell us all an example of a monopoly here in the US.
And then, if your willing, tell us what you consider a dictator.
I’m sure you will attempt to find the most horrific monopoly and the most mild dictator to make your point. Just know, the only person you are fooling is yourself.
@Goohuman Microsoft isn’t a monopoly, are you crazy? You’re the one who sounds like you have political leanings, if you assume my questioning monopolies is akin to socialism. Monopolies kill competition.
@spiegelscott Indeed. I would add that I’ve heard some Democrats say that a cut in any such program would also be considered a default.
I guess Mirriam-Webster should just start rewriting the whole language right away .. then do it again in 3 years.
@parkj238 You don’t?
If we compare Microsoft to Edi Amin, you might get a small picture of how a dictator, any dictator, is far FAR worse for a countries population than a monopolizing company.
I personally find it amazing you don’t see that. You have to ignore a LOT of stuff to equalize the two.
I’m trying to think of a justification for your thinking and all I can come up with is that you either don’t know much about monopolies or dictatorships, or your socialist leanings are blinding you.
BEN BERNANKE didn’t like this video
Get rid of your fiat debt dollars and buy silver or gold. All of these revolutions in North Africa are useless. They are going after the puppets and ignoring the true rulers, the central banks.
Do you think the bond market is possible to crash? Would it even be in the interest of any of the large players to crash it? To lets say force a sort of new version of SDR currency to back the world economy, reset debt/trade deficits and perhaps even avoid the obvious scam of having printed and inserted vast amounts of dollars into the system?
It doesn’t have to be this way! People, RESISTANCE IS VICTORY.
Respond to this video…Compounding Interest and ownership
Foreign = International jew
extremely good job in detailing the problems with supply side economics and those who attempt to use neoclassical economics to justify it
Thank you! Exactly what I’ve been looking for.
It’s amazing how oblivious – perhaps deliberately so – the majority of those in power and those in the major media seem to be of the critical underlying problem with many of the monetary and economic systems worldwide.
It pains me greatly! Thanks for some truthful and informative videos.
@seminar7 Might also want to mentioned “Repo-Transactions”. Chase had lendt wells twenty odd billion in exchange for a faux collateral of junk assets of bad debt. The gall-stegal act had been eliminated along with a requirement to have asset to gain credit. Once wells had the cash, it immediately embezzled it and said the cash was “lost” and thus it was to be paid back by the American taxpayers because of the FDIC.
I just wish you Americans would undrstand that its all over the world and not just Americe because you are falling into to trap of devide installed into the rest of the world that the Yanks think they are the only country in the world! Its is clever tool used to discredit Americe and you all fall for it so wake up my fellow human being brother and love your niegbours ;o)
Watched the first 2 so far, very nice. You have missed the mark, though. Our problem isn’t debt, it is interest. The “owners” couldn’t scam the lower rungs without interest.
Simple debt is actually a power source for those of us too small to succeed. This explains why little credit is extended to us and why it costs 29%.
Only when interest is added does debt become a living curse. Think, please.
@jhiken and replace it with what? The whole “end the Fed” movement has it’s proponents at the top of the pyramid. It is a solution which will usher in a global, more internationally pervasive control mechanism. The “end the fed” is a question. The answer is “but replace it with what?”
If we could get the views on this series of vids up from 20K each to 200 million each there might be a Revolution by morning.
I can’t get over how good this explanation is.
GOOD INFO
The other flaw in neoclassical economics is that land is considered to be capital. In classical economics it was land, labor and capital. Now it is only capital and labor. For this reason no analysis except one incorporates the correct understanding that the value of land is created 100% by the community unlike the value of real capital which is created by individuals. This means that private ownership of the value of land and income from it is wholly unearned. Your model is incomplete.
Guess we have all been had, big time. Think I’ll quite my “job”.
Excellent!
Kennedy understood this and was shot for wanting to do away with the Fed.
Awesome Video!
Love to all
DUDE, THIS IS BRILLIANT!!!!! WOWOWOWOWOWOWOOW!!!!!!!
ITS RIGHT UP THERE WITH “MONEY AS DEBT”, “MONEY MASTERS”, AND “SECRET OF OZ”