U.S. Is Bankrupt and We Don’t Even Know
Bloomberg | Let’s get real. The U.S. is bankrupt. Neither spending more nor
taxing less will help the country pay its bills
the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July
2010 Selected Issues Paper says: “The U.S. fiscal gap associated with today’s
federal fiscal policy is huge for plausible discount rates.” It adds that
“closing the fiscal gap requires a permanent annual fiscal adjustment equal to
about 14 percent of U.S. GDP.”
Fed Leads America “To The Brink Of Collapse”
Paul Joseph Watson
Prison Planet.com
Thursday, August 12, 2010
When even the New York Times and CNN are admitting that the United States faces
not only a double-dip recession but potentially a new great depression, any
alarm bells that have not been rung should now be sounding loudly.
Following in the footsteps of the New York Times’ David Krugman, who in June
wrote that the United States had entered a third depression similar to the Long
Depression of the 19th century, CNN Money carried an article yesterday brazenly
entitled, Is this finally the economic collapse?.
The piece, written by Keith R. McCullough, points out that the Fed’s
announcement that it will start buying Treasury debt, is a “crossing the
Rubicon” moment and “could lead the country to the brink of collapse”.
“Crossing the 90% debt/GDP threshold is the equivalent of crossing the
proverbial Rubicon of economic growth. It’s a point from which it’s almost
impossible to return,” states the article, adding that the market has not
responded to quantitative easing so to engage in more of the same would be
completely futile.
“With 40.8 million Americans on food stamps (record high) and 45% of the
unemployed having been seeking employment for 27 weeks or more (record high),
what’s left if (or when) QE2 doesn’t kick start GDP growth? Should we start
begging for QE3? Should we cancel the bomb of the National Association of
Realtors’ existing home sales report, scheduled for public release on August
24th? Or should we bite the bullet and accept that current economic policy
dictates 0% returns-on-savings, even as Washington continues to lever-up our
future to the point of economic collapse?” writes McCullough.
Story #5: Chuck-U Schumer's Donors/Enemies List
RUSH: Charles Chuck-U Schumer. He says one thing but does another.
.
The New McCarthyism
Frank demands names of capitalist sympathizers.
President Reagan,where are you?
Only you , Mr President , you can save our lives.
THE DEMOCRATE SOCIALIST PARTY HAS LED US TO THIS BEACH .
such as the COOPER-CHRUCH AMENDMENT VOTED IN 1970 LED TO MILLION OF CAMBODIAN
DEADS LIKE THESE WHALE. & US AMBASSADOR JOHN GUTHER DEAN ESCAPE FROM THE ROOF
TOP OF THE US EMBASSY BY HELICOPTER FROM CAMBODIA .
The King Island whale stranding: Picture: John Nievaart of Naracoopa Holiday
Cottages.
HELEN KEMPTON
March 02, 2009 01:55pm
UPDATE 1:50pm: SIX dolphins stranded among almost 200 whales on King Island
have been returned to the water.
The people at Naracoopa beach worked from first light to save the 54 whales and
six dolphins which were alive this morning.
FOR CAMBODIA Strong Resolution on Cambodia Human Rights Abuses
Feb. 27, 1982 : UN Commission on Human Rights meeting in Geneva adopted a
resolution condemning Vietnam’s occupation of Cambodia as a violation of
Cambodian human rights. The vote was 28 in favor, 8 against, and 5 abstentions.
Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote
of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces
from Cambodia.
10 UN RESOLUTIONS,(1979-1988) VOTED BY 116 UN MEMBER COUNTRIES ,CALL VIETNAM TO
CEASE HER OCCUPATION OF CAMBODIA & REMOVE ALL HER TROOPS FROM THE COUNTRY, ARE
NOT RESPECTED AS OF TODAY.
Oct. 21, 1986 The UN General Assembly adopted a resolution A/RES/41/6, by vote
of 116-21 with 13 abstentions, calling for a withdrawal of Vietnamese forces
from Cambodia.
President Reagan's address to the 43d Session of the United Nations General
Assembly in New York, New York,September 26, 1988.
"Mr. Secretary-General, there are new hopes for Cambodia, a nation whose
freedom and independence we seek just as avidly as we sought the freedom and
independence of Afghanistan. We urge the rapid removal of all Vietnamese troops
...."
As of today,Cambodia is still occupied by the Vietnamese troops despite the
call from the US president to Vietnam to cease her occupation of Cambodia since
1988.
Cambodia needs Independence from Vietnam and the Vietnamese invaders.
Vietnam must cease her occupation of Cambodia at once.
Bury
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