MSNBC’s Melissa Harris-Perry Talks Mitt Romney Campaign and the 47%

 Brenda55   Oh my goodness, this picture is HOT!   Oh my, I've got to print that out and have it framed.   He is a Leo so the lion is perrrrrrrrfect for him, the artist (whoever they are) is fantastic with having the crossbow in his right hand and light saber in his left, that's interesting again in that the prez is left handed.

 Brenda55   Oh, I see it's Heuser (2012) at bottom left of painting.

 CortlandCarrington Well played Cortland. Well played.

Someone must have snuck a mic in at the last family gathering I was at.  I swear some of these folks sound like my peeps.

 CortlandCarrington    Soooooooo, what's this supposed to mean?  

DeepWater I'm addressing Brenda 55... she has the same questions...

What it means is that we live in a free society, a Federal Republic, where we acknowledge that our rights do not come from Man, but from God, or Natures God.  With freedom comes a certain responsibility… to seek education, to think critically, to question boldly… for if there be a God in heaven above, I believe this God would want us to debate his very existence, than blindly follow, and never to think or ponder.

On the right and on the left, many of our fellow citizens now just blindly follow for reasons even they cannot fathom.  They have resigned themselves to the simple luxury of intellectual laziness… you see, critical thinking is damn hard work!  This hard work, the lazy man rationalizes… is better left to other men to conduct… but this is a deadly trap… for if you accept the truth as you are told by that other man,  you are the slave of that other man.  But the simple truth is, my friend Deepwater… errr, I mean Brenda, 55 is that you are 100% as cable as they. They are no more beautiful or ugly than you, they are not smarter or dumber than you, and they are not more or less capable than you…  You need not be their intellectual slave… 

Why is Mr. Beautiful president and not you?  Is it because he wanted it, and you did not?  Is it because he is powerful and beautiful, and you are shy and fleeting?  Why are you in the place and situation that you are in life?  Maybe you are a millionaire, and maybe you are flat broke…IDK… both conditions start with a thought and a step toward that direction, and accepting this condition as your personal reality… do you say you are broke and not a president because this was forced on you by others against my will?   Does Mr. Beautiful say I am powerful and a president because this was forced on me by others against my will?  

It means that on the right and on the left, there are legions of people who follow just because… They have no actual idea why... thinking about the actual reasons why, hurts their brains…  They are literally, intellectual slaves, in every single sense of the concept.  The thinkers use them to gain and retain power… the slaves are the cannon fodder of the thinker… So the question sort of boils down to this underlying construct:  Do you wish to follow because you were told to, or do you wish to follow because you understand the rightness of your constitution and your position.

If we are all going to be burned up to husk at the end… does any of this matter at all?

Critical thinking means to reject most of what people say and ponder the empirical evidence for what it is… For example, Al Gore made a movie that “earth is in the balance.”  It implies that man is causing global warming by burning too much petroleum.  He says that this global warming will cause global flooding on a biblical scale. He flies around the world on his jet, which consumes hundreds of thousands of gallons of petroleum each year… spewing massive quantities of dangerous, earth heating carbon dioxide into the air we breathe.  He passively hammers at capitalism, implying that it is inherently evil… implying that you don’t need it.. that is not good for you…But, from the profit he made via our capitalist economic system he purchased an $8.75 million dollar mansion in a place in California that his own movie indicated would be UNDERWATER by 2037.

And the intellectually lazy man claps his hands as Al Gore passes by, he falls to his knees… even to his very face… and he say’s “Savior, savior, place your hands on me… tell me what I should do, I am frightened and unsure.”  Al Gore laughs and he says, “Keep doing what you are doing my disciple, and I will keep doing what I am doing…”  And you are feeding Al Gore, and Al Gore is feeding off you…  Why are you not living in an 8.75 Million dollar mansion and jetting the world over?  Is Al Gore better then you, are you less worthy?

On 6 November many people will vote for Obama or Romney for reasons they just can’t explain, and that make no sense at all…  I’m voting for Gary Johnson, and I know exactly why!

PS, I’m a Pagan… and so I’m going somewhere else in the afterlife.

PSS, I once saw a broken stapler hold David Letterman’s attention for 20 solid minutes, so I would not advertise the fact that Mr. Beautiful only maintain it for 10…

 CortlandCarrington  DeepWater Deep and Cort.

I took out these last two post. Lets cut the BS starting now. 

 Brenda55  CortlandCarrington   Good and thank you, Brenda55.

CortlandCarrington

 "Vote for Mr Beautiful... but when the SHTF he won't be there for you.  Vote for Robme, when the SHTF he won't be there for you...  When the SHTF, I will be there for you... Because, I am an American fighting in the forces that guard my country, and our way of life.  I am what makes this nation great... not the Bozos at the top..."        

Since you are "what makes this nation great" are you anywhere near as beautiful as the sitting "bozo" (your words) in office?   Because you know what, as shallow as this is, when do I get to see a beautiful looking man?  Once or twice in lifetime?    You males get to see pretty girls every damned day (so y'all say).   I don't get see a beautiful looking man but ever so rarely, not just good looking or handsome one, but a beautiful looking one (though in your words he is a "clueless" man).  Can't I enjoy someones' beauty without being clowned?

 CortlandCarrington   After Earth is a husk of burning charred molten lava and we all, or some of us, disappear (don't want to be around to pick up anyones' pieces) President Obama is and will be a beautiful looking man and I will stand by that until the aforementioned.      

On Letterman about one week ago the man is/was:

A man's man

sexy

erudite

those teeth (bright white)

that smile (lights a room up)

that way about 'em

6' 1"+

185lbs (roughly)

plays basketball

plays football

can actually carry on a conversation with intelligence 

loves his wife (dayum........bwaaaaaaaahhhhaaaaa)

and his daughters (young ladies now...gasp)

thinks, sits, walks and talks with authority (maybe its a power thang with me (power a mighty aphrodisiac they say)

could hold Letterman's attention

that walk

that talk

that voice

that laugh

that booty (high and tight.......ooooooo, chile, can't go XXX here....bwaaaahhhaaaa)

that presence

Dayum, I need to get Maya Angelou up in here...................bwaaaaaaaaaahhhhaaaaaaa.

I am glad you are protected me and our nation, Cortland.         So when we are burnt to a husk and you meet the above criterium and have that same appreciation for me without clowning on me or hating on me that I believe you are/were trying to do with your YouTube link, you can then holla at me.   Until then sir..............DO NOT ADDRESS ME EVER IN THIS LIFE AGAIN UNDER ANY and EVERY CIRCUMSTANCE.   

YOU. ARE. DISMISSED.   

 CortlandCarrington  "glad you have protected......."

 Jamila   Guuuuurrrrrrrl, I just can't.   Deliverance anyone?

 Jamila  Dude Ham was pretty good there at the end, basically sayin' how's those repub policies workin' for ya (re toothless dude with horrid house)?    Bwaaaaaahhhhhhaaaaa.   

 DeepWater And Jon Hamm is so sexy. Once I saw him on Mad Men I had to start watching the show. 

 Jamila 

OMG!!!!!!!!!

JAMILA!!!!!!!!!

Girl you are pure de wrong.

SMDH. FLAPPING MY HANDS IN FRONT OF MY FACE HYPERVENTILATING. 

On a serious note for these citizen they can at least say, "I ain't much but at least I ain't a N_ _ _ _ _.  In the end that is all they have.

 Statuesque   That's right, you are SOOOOOO on point, Statuesque.   Southerners and po' white folk would be voting against their very own interests should they vote RobMe into office.

Too bad he wasn't partnered up with Bernard Madeoff.......the Madeoff/RobMe ticket......bwaaaaaaahhhhhaaaaaaaaaaaa!    (sorry, I couldn't help it).

 DeepWater @DeepWater LMAO!!! You are a MESS...Robme and Madeofff 2012.  I love it!!

 Statuesque   I'm just sayin' they'dve been a great ticket, bwaahhhaaaaa.  RobMe Madeoff which yo' money, bwwaaaaahhhhaaa.

 DeepWater  Statuesque However it is perfectly acceptable that President Obama is partnered up with the Social Security Trust Fund that is now bleeding cash, and will never see green again! EVER!  IT will not be there in 20 years as you know it!  Social Security is by design a Pyramid Scheme (Bernie Madeoff).

Look it does not matter what person you vote for, the outcome will be the same!  The only difference the person makes is velocity.

The nations problems are not fiscal... all the crying is over fiscal issues are wasted energy; those issues are all symptoms of the real problem, which is monetary!  You can apply a 100% income tax on 100% of all Americans for the next 20 years, and NEVER pay off the debit!  Even after you remove ALL the money from circulation... you sill owe more!   All your partisan bickering is wasted energy.

It's does not matter who is paying and who is not!  This is a national monetary system failure and BOTH LOOSERS are clueless.

In case you don't know what typically happens in a national monetary collapse nations fall... like what happened to the USSR.  When the nation falls each states declares independence, and wars typically break out.  The USA is now where the USSR was in about 1987... exhibiting the first major groans of national monetary collapse.

Vote for Mr Beautiful... but when the SHTF he won't be there for you.  Vote for Robme, when the SHTF he won't be there for you...  When the SHTF, I will be there for you... Because, I am an American fighting in the forces that guard my country, and our way of life.  I am what makes this nation great... not the Bozos at the top...

I encourage you to learn about out national monetary, not fiscal problems, leave the fiscal out of it... study the monetary side.

 CortlandCarrington  Statuesque   "Vote for Mr Beautiful... but when the SHTF he won't be there for you.  Vote for Robme, when the SHTF he won't be there for you...  When the SHTF, I will be there for you... Because, I am an American fighting in the forces that guard my country, and our way of life.  I am what makes this nation great... not the Bozos at the top..."        

Since you are "what makes this nation great" are you anywhere near as beautiful as the sitting "bozo" (your words) in office?   Because you know what, as shallow as this is, when do I get to see a beautiful looking man?  Once or twice in lifetime?    You males get to see pretty girls every damned day (so y'all say).   I don't get see a beautiful looking man but ever so rarely, not just good looking or handsome one, but a beautiful looking one (though in your words he is a "clueless" man).  Can't I enjoy someones' beauty without being clowned?  

 CortlandCarrington  I am aware of the whole monetary collapse perspective on the situation.  While folks who fear inflation and the move away from the gold standard have been predicting imminent collapse since early last century, the current global economic situation warrants (in my opinion) a long hard look at what would happen if this all goes off the rails.  I've done that and am doing what I can to prepare, but I am not going to go full survivalist either.  If it's my time, so be it.  If not, I still don't know that hoarding 20 years of provisions and building a bomb shelter in Idaho are going to save my life.  The sad reality is that the chemicals already in our environment and food will usher in cancers and autoimmune diseases later in life that are very hard to treat successfully off the grid, and many people who breathe a sigh of relief after having made it through may just find that civilization's ills can kill the over-prepared too.  The situation is that insidious.

Back to the topic at hand:  The complete irresponsibility and silliness of the GOP and lack of viability of 3rd parties, for me, means the only responsible choice is the Democrats at the national level.  I like Obama.  He is certainly good looking and chose his mate wisely, and that makes me like him even more, but that ain't why he gets my vote. Until this ish goes off the rails (and it could be awhile...) we need a safety net for people unless we are prepared to watch them die of poverty, old age, neglect and poor adaptability to changing conditions. We need a safety net simply because a civilized, complex society with centuries of sophisticated philosophical thought has a hard time sanctioning a return to the barbarity it takes to weed out "undesirables" who make it harder for a "fit" society to thrive.  I don't hear anyone in the GOP telling it like it will be should their plans to "right the fiscal house" ever pan out.  They are useful idiots to the globalized corporate elite with the (to me) undesirable side effect of encouraging anti-social and regressive impulses that they are not prepared to control when SHTF or way before then.

 CortlandCarrington  DeepWater  Statuesque 

" I am an American fighting in the forces that guard my country, and our way of life.  I am what makes this nation great... not the Bozos at the top..."

I was in the Navy for 7 years.  The military is the most wasteful bureaucracy out there.  Do we really need to spend more than all other nations on earth combined in order to stay safe?  No, we don't.  But Military spending is sacred.  If you try to cut military spending you are unpatriotic.  Never mind that our national debt is a greater threat to our security than any potential foreign foe.

 Statuesque Gawd, I love your comment.

 CortlandCarrington   Yeah, but why say that to his possible constituents?    Military families, college students, working class families that don't earn enough to pay taxes, seniors, etc.?   He blew off half of 300 million folk with his contemptuous view of the unwashed masses.  Still disgusting, still toast.

 CortlandCarrington That's not really how it works. He needs to win the electoral college, not the popular vote. Remember that Bush won without the popular vote. Since part of Obama's base is in the 53% (college-educated people), Romney needs to keep the votes he has in the 47% (military, senior citizens, blue collar white males).

 Tammy_Ghalden  CortlandCarrington    And, so far, Obama (Mr. Beautiful) is ahead in that game (electoral college).     RobMe is imploding on himself and needs to break those 1040s out from 1999 to 2009 so we can see them loopholes in them tax shelters in them Swiss and Cayman Island accounts he's hiding (enquiring minds want to know, bwaaaahhhaaa) and since he called military members, seniors, college students, working class folk (whom do not make enough to pay fed taxes) whom are would be constituents within the 47% of us loosers, moochers, slackers, sheeple, and serfs, which would include the all important "angry white male" voter, he's got that much more of a mountain to climb to get his "message" out.     Rethugs were bored with him from the beginning (no charisma or real passion for governance). Running Bain Capital (would gut bankrupt companies out of their pensions and employee livlihoods and was a major outsourcer of jobs to China) is entirely different than running (as president) this here United States of America.       

It is Mr. Beautiful's race to lose, tough to remove a sitting president (though has happened in past but not an easy task to do).

 CortlandCarrington If John McCain were in office, he would have given everybody and they mama a gun in the Middle East plus put boots on the ground. He's mad that we aren't in Syria now.

 CortlandCarrington Nice try, but no cigar. 

This what Obama actually said:

"You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them. And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not.

And it's not surprising then they get bitter, they cling to guns or religion or antipathy toward people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."

And you know what, Obama was right. Because it is those bitter people that will allow Ryan to refer to them as "takers" and will allow Romney to say they are suffering from a victim mentality---and after being insulted every which way, will STILL go out and vote for Romney/Ryan. 

Jamila

I see it quite differently.  Mr. Obama called them bitter, and you called just them bitter a short while ago…So my question is… does your opinion of a person determine their truth?    “Golly, you just called me bitter… it must be true…”  Sorry, when the president stereotypes a whole group of people as bitter, it does not make it so, even if you concur… of course this is a two way street…

Ryan did say the president’s policies were increasing the number of taker as compared to makers. Maybe that is true, maybe it’s not… simply looking at the underlying monetary policy and economic numbers is pretty damming, even when you perform the economic 2 year presidential policy lag trick to the national economic numbers.  Meaning if you shift all the data by two years to account for the fact that economic policy takes a couple of years to kick in…the national numbers are Jimmy Carter bad, actually much worse, depending on how you look at them.

We CAN NOT pay off the national debt!  There is no way out of the economic collapse. The US economic collapse is going to harm EVERY American…( don’t mistake the housing bubble of 2008 as the economic collapse that I’m referring to).  The real economic collapse has not yet come.  The next bubble to collapse will most likely be the higher education bubble/government student debit bomb… although it could be triggered by foreign nations simply no longer purchasing US debt instruments at ridiculously low interest rates.   China has already begun to drastically scale back on those debt instrument purchases… which was why the Fed needed to engage in quantitative easing round #3… if no foreigners will buy our crappy debit… we can buy our own debit… Yea…  Believe me… Mr Beautiful’s action’s to literally ‘buy our own debit’ is not going to help the poor!  If you take the time to do the mathematics… buying debt helps the rich at the expense of the poor!  In the long run Mister Beautiful’s fiscal action will just feed the poor shit sandwiches for lunch… The middle class and the poor will literate be wiped out, when the real economic failure occurs.  

When the financial collapse occurs, it will not hurt Mr Beautiful, and he will not help you… Mr Robmey will not help you…  When the federal gravy boat sinks… millions will literally die.  What have you done to protect yourself?

 CortlandCarrington  Jamila 

Cortland.  Love take a deeeeeeep breath.

You sound like my sister and her husband who are hording guns, food and the like.

Being prepared is a good thing.  We have a larder and an emergency fund also. One gun though. Having a large cache of weapons makes the cops nervous you know.

Please tell me your plans. Do they include holding gold?

 CortlandCarrington "I see it quite differently.  Mr. Obama called them bitter, and you called just them bitter a short while ago…So my question is… does your opinion of a person determine their truth? "

No, but if a person IS bitter, I have to just call it like I see it. Of course, they are free to have their own interpretation of themselves. 

"Meaning if you shift all the data by two years to account for the fact that economic policy takes a couple of years to kick in..."

Inequality and government debt have been growing for some time. We would have to go back even further than a couple of years--I'm talking about going back to Reagan and even some of the things that happened before then. Levels of union membership have been decreasing since the 50's. The purchasing power of the minimum wage has been decreasing since the 70's. Workers have been capturing a decreasing share of productivity for decades now. Reagan the upper-limit tax rates dramatically allowing an ever increasing amount of wealth to become concentrated among the elite. Clinton passed welfare reform that was good in some ways but left millions on the edge of poverty (or in working-poverty); Clinton signed the financial legislation that directly influenced the future financial system collapse. This mess has been a very long time coming and it doesn't belong at the feet of any  one President. 

"We CAN NOT pay off the national debt!"

Yes, we can. But it would be painful to do so and I don't know if any politician has the resolve to push true fiscal restraint through. 

So I'm all for #Offthecliff January 1st, 2013.

Jamila

No, actually, we can’t pay off the national debit…EVER… if you run the math on it… you see every single 1, 2, 5, 10, 20, 50, 100, 1000 dollar bill was borrowed from a bank known as the Federal Reserve Bank with interest due back, and the US government printed a US Treasury Note equal to the amount of money that was printed by that bank and borrowed by the US government at that moment in time.

So it works like this The US wants to borrow money, they pick up the phone and call the bank and say, yo, dude, loan me $ 20 billion.  The banker says, sure, I’ll loan you 20 big and I’ll only charge you 2.75% interest over 30 years. So 30 years goes by, and the 20 billion is now due… plus the interest payment.   OH CRAP, more is due back to the bank than ever existed!   So the Government says, No problem…just loan me 21 billion (because I need to keep 20 billion in circulation), you keep the 1 billion for the interest I own you, and I’ll print you a 21 billion dollar US Treasury note guarantee.  In 30 more years, now I owe 22 billion plus that accrued interest over the next 30 years… and that interest will also be an amount above what exists monetarily, requiring yet a larger loan to pay it… say 23 billion…   Now this is just an rough example… but you can see that if every “dollar” in circulation was borrowed with interest due back… we owe more to the bank than physically exists.  So each successive borrowing needs to increase the amount of the loan to pay of the previous periods interest due.  

Don’t make the mistake of confusing the deficit with the national debt.  We can have a positive, balanced or even a negative deficit for a while… but the national debt can’t be paid off unless we remove 100% of all money from circulation, then sell Indiana, Illinois, parts of Ohio, Kentucky and Tennessee’s to the holders of the debt in lieu of the interest payment in cash.  Our forefathers kicked this can down the road for us to figure out… now we have to figure this out… and it will hurt!  

A monetary system that is based entirely on debit can never be paid off, this is by design.  It is nothing other than a debt pyramid scheme, and each round of total borrowing must be larger than the previous or the system fails. There is only one way to effectively surrender the US debt… create a new monetary system based on something other than debt… and only Romney has alluded that he (might) consider this… Mr. Obama just wants to borrow more money…  I can understand his desire to keep it like it is… he profits from that.

 CortlandCarrington  Jamila 

All of the National Debt is in U.S. Currency.  We can print as much U.S. currency as we want.  We, of course, have to deal with inflation in that case.  But as long as we keep inflation at a reasonable level, it is our friend.  If we maintained a balanced budget, our debt would gradually go away due to inflation.

Brenda55Jamila

During any economic collapse where the value of money drops to near zero, all the stuff that you have still has intrinsic value… what retains value are your skills, your home, your car, your tools, food, guns, gold, silver, water, toilet paper… everything that we have now will still exist, and people will still want and need to exchange stuff for different stuff.

It will still take 3 months to build a house, and you will still need to labor 30 years to pay it off… (National average)  Unless you are a skilled neurosurgeon with a solid practice… perhaps you can pay off your house in 5 years…

Our leaders have already started to inflate the dollar… which simply means to devalue it.  This is an extreme example: we owe 16 trillion dollars… we can ‘pay that off’ tomorrow by printing 16 trillion more dollars… this would increase the money supply to 32 trillion bucks but also increase the amount we owe back to the bank to 32 trillion plus interest.  As you see, we can’t get out of debt by borrowing more.  The effect would double all prices… suppose that you worked for 10 years to save up $50,000 dollars… suddenly you discover that your 50K now only purchases 25K worth of stuff.  This is because twice as many dollars are now in circulation chasing the same amount of goods and services.  Effectively the government robed $25K of your time and labor, and gave it to the banker!

High Inflation is generally BAD for people sitting on money, paper, or money market kinds of things… Especially if the interest rate received is below the true rate of inflation!  Inflation is less bad or even good for people invested in hard stuff like land, houses, comedies… gold or silver, wheat, cattle, corn, staple foods, bullets, clean water, or filtration equipment… all the stuff that money buys. Even good car parts have lots of value…  One can even make a handsome profit if you have the right stuff during rapid inflation… If people see prices rising fast they tend to buy more of it now, opposed to waiting and letting the price rise.  As you know more people buying stuff drives the price even higher.  Is it wrong to buy $10K of Charmin to sell it for $20K in five years?

There is a great website:  http://www.shadowstats.com/ here you will get a better glimpse of what the real economy is doing. 

I have what I need to survive, and I have very valuable skills.

I’ve done well in general commodities over the years…

In regard to precious metals I prefer Silver over gold actually… but Gold is a good store of wealth… Silver is more prices volatile, but has many of the same physical properties of gold plus many good industrial uses, and is a lot less expensive, like 52:1 at the moment.

  My favorite way to hold silver is old mercury dimes, and old quarters, they are small, easy to find, very portable, and quite inexpensive at the moment in the grand scheme of things.  

Precious metals have a distinct advantage over land and houses and stuff that decays over time and a high rate… you never need to reroof a silver coin, or repaint it, or replumb it, or rewire it to code…  However, you can’t live inside silver coins…

The best plan is to have the stuff you need to live on for 6 months, have a medium of exchange, and have a skill set that is valuable… something that most people can’t do easily for themselves… and not be in debt!

Brice CameronJamila

Actually it will not… we don’t have a ‘national currency,’ we have federal reserve bank notes… of which 100% are borrowed with interest due back…  They are not printed by the US government; they are printed by a private bank and loaned to the government.

Check out this clip and compare the difference: http://www.youtube.com/watch?v=rVeYGREnFIk

John Kennedy was murdered only 5 months after he issued executive order 11110… which would have effectively ended the Federal Reserve Banking System debt scam here: http://www.john-f-kennedy.net/thefederalreserve.htm

All Federal Reserve notes are borrowed from a bank… and all notes in circulation are now FRN’s

All United States notes are printed by the United States Treasury free and clear of interest… they look nearly identical except it says United States note at the top.  

I ardently urge you to stop and think about this for a minute.  How can you pay off a debt by borrowing more money?   The money in your pocket is the very source of the debt owed… the more of it you borrow, the more of it you owe back. The more money you borrow the more inflation you have, the more debt you have and the more money you have to borrow to pay the inflated number of dollars back… it’s a never ending debt spiral… There are only one two actual ways to pay retire the national debt… total default, or a new money system.

Did you know that it cost the Federal Reserve Bank(FRB) about 3 cents in raw material to print a $1000 dollar bill!   Then the FRB loans that $1000 dollar bill to the US government at FULL FACE VALUE!  Imagine if you could invest 3 cents in something and sell it at $1000 dollars face value… plus INTREST!   JFK was murdered for trying to stop this massive money fraud system.   If you could do what the FRB does you would be wealthier being your wildest dreams…  Study this system!

 CortlandCarrington  Jamila 

The Federal Reserve bank is a semi-independent part of the U.S. government and all it's profits must be paid into the U.S. Treasury.  The governors are appointed by the President and confirmed by Congress.  We can pay down the debt with inflation.   To do it tomorrow would be disastrous, but over time, through inflation, the debt will take care of itself.  The Federal Reserve is just the system that the Government uses to control the money supply.  The more money the Government prints, the less it is worth and the easier the debt is to pay off.  The government is not an individual.  Your analogy to paying off a debt by borrowing more money doesn't work.  An individual can't print money.

The Federal Reserve is not a nefarious secret society.  There is no Illuminati.  JFK was killed by Lee Harvey Oswald.  Muslim Terrorists caused 9/11.  Those trails behind jets are condensed water vapor. etc, etc.

Brice CameronJamila

I know, I know, it’s long winded… but I’m passionate about our country’s fiscal, economic, and monetary problems… so it must be discussed so more people understand the scope of the challenges we face as a people.  The system is much more complicated than represented here… but a man who can’t state it in simple terms does not really understand what is going on.

As it stands today, there is approximately 1.13 trillion dollars of Federal Reserve Notes in circulation.  The published on-book national debt is now over 16 trillion… this leaves us with roughly a 14.87 trillion dollar short fall, or outstanding difference.   We owe 16 trillion; we only have 1.13T in cash on hand in the entire nation… so if the US government confiscated 100% of all currency in circulation right now, we still have a 14.87 trillion dollar outstanding bill due to the creditors, and that 14.87 trillion has this interest payment attached.  The interest continues to accrue until that entire value is paid off.  We are not reducing the debt at all, we are increasing the debt more rapidly now than at any point in American history.

http://www.federalreserve.gov/faqs/currency_12773.htm

Worse, this is a semi-adjustable rate mortgage!  Every month, billions of dollars are refinanced at the new rate.  This is the main reason the government is suppressing the interest rate to historic lows.  It can’t afford to have such a high debt load at any rate above about 3%. The average and historic interest rate is closer to 7%... we are very rapidly reaching a point where 100% is all income tax revenue from all sources derived will only make the interest payment on the outstanding debt. 

The question is not if the USA will collapse, it’s is now only a matter of saying when, how fast,  and how violent will the breakup be… and what alliances will be formed between each now independent state as US property and assets are divided between the states. I expect some states to engage in limited wars over other states.  Yes I know this is alarmist and very scary stuff to think about, but it is the monetary reality we are actually facing… I believe we will see in our lifetimes.

Presently, if we took 100% of all incomes generated above the 250K limit, it would only pay for 45% of present government spending in this fiscal year; it would not reduce the national debt 1 cent!  The debt will continue to climb.  When people bite on the false idea that the rich are not paying their fair share, it is a completely false argument or distractor… because the debt can’t mathematically be repaid unless A) national default or B) new monetary system based on something other than debt is created to replace it.

 Brice Cameron  Jamila 

But it gets even worse… Remember that our fabulous government has exempted itself from GAAP, (General Accepted Accounted Principals) which by law US business must use… so if we included the ‘off book’ items, our national debt rockets to upward to 56 trillion, which includes things such as Social Security (now permanently bleeding and in the red), Medicare, Medicaid… and various other social programs.   56 Trillion bucks divided by the US population of 310 million is $180,000 per person that we owe.  The Federal Reserve Bank’s own web page states that only 1.14 trillion dollars are in circulation.  This leave us with a 54.86 trillion dollar short fall of available cash as opposed to what is owed.

Attempted national debt repayment plan scenario: the US government borrows 14.87 trillion dollars to ‘pay off’ the national debt: We now have 1.14T in cash, so if we increase the monetary base by 100%, we arrive at 2.26 trillion: 100% increase from that = 4.52 trillion; 100% increase from that = 9.04 trillion: 64% increase from that will create 14.87 trillion. So to pay off just the on book debit would require the government to print and dump new money that increased the money supply 100%, then another 100%, then another 100%, then 64% again.  So we would have 14.87 trillion in physical paper money now in circulation which= the debt to be repaid.  Ok, so the next step the government needs to take is to remove ALL THAT MONEY to REPAY the loan resulting in $0 remaining in circulation.  Also because the 14.87 trillion dollars that was ‘briefly’ created has interest due, we also need to remove that ‘value’ from the economy and transfer that to the entities that hold the debt in lieu of the interest owed.

Just consider the inflationary impact of that situation... assuming that consumer prices inflated at a rate equal to total monetary base increase…  This would be a gallon of gasoline going from $3.69 to $7.38… from $7.38 to $14.76… from $14.76 to $29.52… from $29.52 to $48.41 per gallon… from $48.41 per gallon to there being NO medium of exchange to obtain a gallon of gas.  To fill my truck at peak inflation would cost me $1200 dollars… EACH WEEK! $4841 each month and or $58,000 per year just to get to work and have a little fun…  and this scenario is only based on inflating the base money supply from 1.14T to 14.87 trillion, not up to 56 trillion… which is the real debt on and off book…  OMG!  We don’t want to go there….  When the president talks about inflation… he is killing the little guy… bloodbath slaughter…. The little guys get hit the hardest during rapid inflation, consumor prices always rise faster than incomes!

As you can see, you can pay off the debit, but it results in 0$ being in circulation and where we the people still owe the interest due.  Remember, every single dollar in existence is DEBT note, which represent negative value for the people who use this borrowed note, and a positive book entry value to the bankers who loaned it.  The value of the dollar is not a positive number for we the people on our side of the equation; it is actually a negative number; it is a positive number for the banker on his side of the equation. 

The FRB invests .03 cents to create a $1000 bill that it passes off at full face value to the US government who borrowed it at interest.  Just think about it like this, it is a money producing factory selling semi-durable goods to the USA, who leases or borrows that product, and who is required to make interest payments on it. Paper and ink goes in one side and $1000 dollar bills come out the other side.  This is an astronomically high profit margin! WAY WAY WAY beyond any other business out there.   

 Brice Cameron  Jamila 

Using your thought process the US Government (If it received the profits of the Federal Reserve Bank back into the US treasury) should not be in debt at all… it would be receiving a constant income stream via the interest on the money it loaned to itself.  By your definition the US government could repay the debt off simply by raising the interest rate and keeping it reasonably high…. Actually it would mean the US government is sitting on the entire credit.  But also remember that in accounting you always have two entries, a credit and matching debt. This means that some entity(s) have a credit on the books that equals our national debt, but this is illogical… If the same entity created the debt and also had the credit there is a balance.  BUT the US government tells us that we have a debt!  Which means… that someone other entity(s) hold all the credit and are receiving the interest or usury on that value they loaned us… and it’s not the US government who owns the credit nor is it receiving the interest.

I can deeply understand the fear in people’s heart as they come to terms with really understanding our national monetary reality.  Every republic or empire in world history has failed, and broken apart.  Our great nation is not exempt from the law of money, credit and debt.  We (are) collapsing, I can easily foresee a time in my life where Kentucky and Indiana, and Oregon, and all the other 47 states become sovereign and independent nations… some will form regional alliances, and several new nations will probably replace the former USA, each ironing out new trade agreements between themselves and the rest of the world.  This is a bad dream for most Americans and a complete nightmare for the progressive or person who desires a very powerful national government with concentrated, near dictatorial power over the satellite states.  Powerful government cost a LOT of money… more money than exists…

The one thing that should give you piece of mind is that your house won’t go anywhere, your garden will still be there, the oceans will remain in place, the sun will still rise… only the USA will be gone… our children will read about its idea in history class, as they remember that no nation can live beyond its means in perpetuity.

Your neighbor Dave will probably still be crazy as ever before, and Aunt Casey will still make that horrible jelly thing for Thanksgiving.  Don’t fear the coming change and collapse… just be ready to accept the idea that the United States is collapsing, albeit slowly at the moment, its rate of disintegration is increasing much more rapidly now.  Slowly acquire what you need to survive for about 6 months of extreme trouble, get to know your neighbors and form a bond of trust with them… it will be your neighbors, family and friend who get you through this, not the president, whoever it is, not your US Senators, and not your US representative… none of them will be there for you… only the people in your immediate life will be there for you…

The debt can’t be repaid… this is by design!  Only Ron Paul wants to look at the engine under the hood of the federal reserve clunker, and well, he won’t be the next president. Romney, Obama, and the national medial just don’t want you to panic, or even ask hard ball question… they want you to believe that everything is lollypops and sunshine. But deep in the gut… Most Americans can sense that something is not quite right in land today

 Brice Cameron  Jamila 

A slightly different prospective on the US national debt: 3.8 billion ounces of gold have been mined in all human history the entire world over. Just a few minutes ago the spot price of gold in US dollars was $1746.70… if the USA could steal all the gold ever mined everywhere on earth it would all be worth 6 trillion 637 billion, 460 million dollars… We’ll just say it’s 6.6 trillion dollars in today’s money (USD)

Our on-the-book debt of 16 trillion dollars is over twice the value of the known reserve of gold ever mined in all human history the world over… projecting out… our off-the-book debt and future obligations of 54 trillion means that we need to steal the entire world gold supply… not just once (6.6T) not just twice, (13.2T) not just three times, (19.8T), not just four times (26.4T) not just five times (33T) not just six times (39.6T) not just seven times (46.2T) not just eight times( 52.8T) but over 8 separate times, to pay for the obligations that we have promised to ourselves in the future…

So we have two presidential candidates one who wants to dig a deeper debt hole, and one who has no clue that you can’t pay if off… EVER! A money system based on debt, can’t be paid off… this is by design… to pay for all this, we need to confiscate all US money from circulation and send every man, woman, and child a bill for $180,000 (US Dollars) Of course there would be no cash in collation so, you all need to provide the value of that in labor or other stuff, cars, houses, land… hand it over pal!

As a side note, the gross domestic product of the entire world is 69 trillion bucks… so if we can enslave every working person alive the world over… for one full year, and sell their productivity for 100% profit, we’ll have about 15 trillion in the bank… but you know that won’t work… people don’t like being turned into slaves! Nor will stealing the worlds gold supplies 8.2 times over work… there must be some other devious plan to pay for all this stuff we demand now from our future selves. Comments, questions?

 LionMama Pretty much the same thing.