US Comptroller on 60 Minutes: America is facing total collapse

Discussion in 'Wall St. News' started by Consul, Aug 28, 2007.

  1. Consul


    "The government's top accountant, says the US is risking total bankruptcy if trends continue on 60 minutes segment. The nation incurring a massive debt on the next generation with its present policies. In 30 years time, the US will only have enough money to pay the interest on its debt, with no money for the military."

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  2. maxpi


    Mission accomplished. America weak, broke, borders wide open, people enslaved with debt, ingnorance and poverty. Easy pickings after that. Give these politicians enough time and they can do anything.
  3. Sponger


    Easy pickings for what.....for the government to come in on a big white horse to save the day by further subjegating the masses via more intrusion, more curtailing of individual freedoms, enacting martial law...."don't worry, big brother knows how to fix all of this, just do what we say"........
  4. Isn't that what started the last revolution.....and they say history never repeats.
  5. Sponger


    Good evening, America. Allow me first to apologize for this interruption. I do, like many of you, appreciate the comforts of every day routine- the security of the familiar, the tranquility of repetition. I enjoy them as much as any bloke. But in the spirit of commemoration, thereby those important events of the past usually associated with someone's death or the end of some awful bloody struggle, a celebration of a nice holiday, I thought we could mark this November the 5th, a day that is sadly no longer remembered, by taking some time out of our daily lives to sit down and have a little chat. There are of course those who do not want us to speak. I suspect even now, orders are being shouted into telephones, and men with guns will soon be on their way. Why? Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning, and for those who will listen, the enunciation of truth. And the truth is, there is something terribly wrong with this country, isn't there? Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance coercing your conformity and soliciting your submission. How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn't be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense. Fear got the best of you, and in your panic you turned to the now high chancellor, President Bush. He promised you order, he promised you peace, and all he demanded in return was your silent, obedient consent. Last night I sought to end that silence. Last night I destroyed the Old Bailey, to remind this country of what it has forgotten. More than four hundred years ago a great citizen wished to embed the fifth of November forever in our memory. His hope was to remind the world that fairness, justice, and freedom are more than words, they are perspectives. So if you've seen nothing, if the crimes of this government remain unknown to you then I would suggest you allow the fifth of November to pass unmarked. But if you see what I see, if you feel as I feel, and if you would seek as I seek, then I ask you to stand beside me one year from tonight, outside the gates of the White House, and together we shall give them a fifth of November that shall never, ever be forgot.

    Remember, remember the 5th of November. The gunpowder, treason, and plot. I know of no reason why the gunpowder treason should ever be forgot.

    - "V" -
  6. clacy


    The truth hurts and it sucks hearing things like that, but that is one doomsday prediction that I do give credence to.

    I wish that I could tell you that the Republicans would champion that cause, but they have been as bad or worse than the Dems on spending recently.
  7. RL8093


    .... and yet all I hear from candidates is about cutting taxes. Anyone who has balanced a checkbook knows there's another side to that equation ...

  8. creating bubbles can rescue America:

    1) curtail defense spending
    2) increase liquidity
    3) cut fed funds
    4) cut foreign corporate tax to zero, foreign corporations that invest in USA will have zero taxation.

    the loss in labor competitiveness can be made up with zero taxation. This would subsidize labor markets.

    there are some things worse then rampant inflation, with current practices, inflation will come about either way, but why not enjoy the fruits of it or build up a buffer with bubble gains.
  9. Do any of you trade?

    U.S. Treasury securities are on fucking fire.

    The government could be a zillion in debt and rates would still be under 5%.

    If you think there's going to be Treasury defaults, hyper-inflation, wholesale collapse ect...then short the 10 year note.
  10. 2 more points... =)
    #10     Aug 28, 2007