- The Revolution From Above
- In Debt We Trust - America Before the Bubble Bursts
- North Dakota - Ending Property Taxes
- Alan Grayson "We're Falling Into Debt Slavery! DEBT SLAVERY!"
- Anti-Terror Program Becomes Another Jewish Cash Cow
- The Federal Reserve and the National Debt
- Japan in WWII: A Casualty of Usury?
- Keiser Report: Debts & Ratings Theater
- Debt ridden Florida town considers forgiving $1.7 M loan to Holocaust center
- Peter Schiff Report: National Inflation Association co-founder admits NIA is a FRAUD!
- The Global Economic Crisis: Central Banking at the Centre of Power
- The American Dream (The Movie)
- $2tn debt crisis threatens to bring down 100 US cities
- Our Future In Chains: The For-Profit Debtors' Prison System
- 41 Facts about the History of Central Banks in the U.S. (with rare vintage documentary video)
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Comments
Re: By the end of 2012, US will hit a fiscal cliff
It was Ben Bernanke who coined the term “fiscal cliff.” The masses do not understand it, since they have been brainwashed. I have written about it extensively here at WUFYS.
Don’t worry about it. The politicians want the depression to continue, but they don’t want to crash the U.S. economy altogether. They will not let the “fiscal cliff” happen.
The video has a lying “economist” named Patrick Basham who says, “New Zealand was about to go over a serious fiscal cliff in the 1980s with debt, etcetera, and restructured its policies. They started cutting back in terms of spending and taxes, paying off debt, privatization, that kind of thing. And it completely turned that country’s economy around.”
B.U.L.L.S.H.I.T.
Indeed it’s self-contradictory bullshit. The idiot says New Zealand “starting cutting back on spending and taxes.” Does that mean they spent more or less? Did they raise or lower taxes? He doesn’t say.
The truth is that New Zealand did exactly what U.S. politicians will do. They lied, saying “We must cut spending, cut the deficit, and raise taxes,” but they went on the same as before. They did not cut sending or raise taxes. Voila: no fiscal cliff. It was a “miracle”! They “turned the country around!”
The video says, “Because of a divided Congress and partisan politics, a compromise (on the fiscal cliff) will be challenging.”
Nonsense. First of all, no one, NO ONE disagrees that the fiscal cliff will destroy the U.S. economy. Therefore politicians won’t let it happen. Second, since when has the US Congress ever seriously disagreed about where the money goes? Republicans and Democrats are identical. They only pretend to be different (like Labour and Conservatives in England).
Wrong again. Their solution will be to revise (i.e. ignore) the Budget Control Act that they voted for in 2011.
Oh but we have a crisis coming! Woo hoo! It’s all designed to keep the masses thinking that for the U.S. government, money is limited. It’s a crisis!
NOT.