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U.S Is Bankrupt

12-1-2009

Where did all the US Currency Go? Have you Asked Your Government Official? U.S Is Bankrupt

The Coming Depression
Monday, Jan 12, 2008

According to the US Federal Reserve (OWNERS of the FED HERE)

(A Private Company) 900 BILLION in currency exists in this world today. Thats only about $3000 for every man woman and child in the US. Banks do NOT hold CASH. ( you and 10 of your friends go to the bank and ask for $2000 each, see what happens.) All the money is outside of the US. That’s 1/2 outside of the country.! 450 billion. The other 450 BILLION is in drug dealing, the underground economy, and cash in mattresses etc. plus $1500 in your pocket.

Now the US owes over 10 trillion dollars ( so the government states) but probably in excess of 57 TRILLION Dollars. If we only have 900 BILLION dollars in CURRENCY how can the Government state that we owe 10 trillion?

How can every man woman and child allow the “Government” to create money that doesn’t exist and SAY NOTHING? How can the OBAMA/BUSH camp create 700 Billion fake air filled dollars and distribute it to the criminal corporations to enjoy at will? That would make MINUS 250 billion dollars left in the US! Did the printing presses of the Federal Reserve start up without anyone knowing, including the printer? Are we all this STUPID? How long will this Private Company, THE FEDERAL RESERVE, click on their computer to create fake air filled dollars to keep the economy afloat? What will happen to INFLATION? We are all going to be NEW BILLIONAIRES within 2 years or less. The FEDS just keep on “clicking” at will, without intervention. “If you and I run a Ponzi scheme, we get labelled as fraudsters. But when the government runs a Ponzi scheme, it is said to be financing a deficit.”

Click here for the current account of the US and the rest of the world. Please scroll to the BOTTOM and view the US!
Bank Accounts

Full article here

Chief Economist: It’s A Depression

Morici one of first senior analysts to admit U.S. faces 1930’s style collapse

Professor Peter Morici, a former chief economist at the U.S. International Trade Commission, has become one of the first senior economists to admit that the U.S. is facing a 1930’s style depression.

Noting that 2.6 million payroll jobs have been lost since December 2007, Morici told financial publication Kiplinger that a 5 per cent contraction in the fourth quarter made the crisis “worse than a recession”.

“The economy will not recover without fundamental changes in banking and trade policy,” said Morici, an economics professor at Maryland University, “A large stimulus package, though necessary, will only give the economy a temporary lift,” he added. “The economy is in a depression, not a recession.”

A trickle of prominent analysts are now saying what people like Alex Jones and Peter Schiff were being called doomsayers for predicting over a year ago, that the U.S. faces a crisis on the scale of the 1930’s if not worse.

Morici’s summation dovetails the analysis of renowned financial publication The Economist, which reported earlier this month that, based on the characteristics of the current financial crisis, the U.S. is in a depression, not a recession.

On December 23rd, the IMF’s top economist, Olivier Blanchard, warned that falling confidence could turn a recession into a depression if market sentiment continued to dwindle.

Research related articles:

  1. The Economist: U.S. In Depression, Not Recession
  2. Britain may need 0% interest rate to avoid a depression, leading economist warns
  3. Nobel Prize Winning Economist: Crisis As Bad As Great Depression Or Worse
  4. Top Economist Mishkin: Worse Than the Depression
  5. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”
  6. Worst of financial crisis yet to come: IMF chief economist
  7. IMF warns of Great Depression
  8. Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”
  9. How Could It Be Worse Than the Great Depression When We Have So Many “Modern Tools” to Address the Crisis?
  10. 50% chance of depression in US
  11. Rogers: The Elite Are Turning A Recession Into A Depression
  12. Mortgage Giants’ Collapse Could Herald 1930’s Style Depressio

US Bankrupt

  1. Bill Gross: We’ve Got a “Ponzi-Style Economy”
  2. Citigroup May End Up With Government Rescue After Stock Skids
  3. How to Bankrupt a Nation
  4. Hang On to Your Wallets! The Government is About to Rescue Us
  5. The Government Has Given Banks YOUR MONEY, and You Won’t Get Anything For It
  6. Former Vice President of Dallas Federal Reserve: Failure of the Government to Provide More Information About Bailout Could Signal Corrruption
  7. China Blames Wall Street Meltdown On Fed Overissuance Of Currency
  8. Dollar Advances as Paulson Stresses Support for U.S. Currency
  9. Meet the World’s New Currency: the Chinese Yuan
  10. Where Did the Fed’s Bailout Money Really Go? Chart Shows Illegal Money Trail
  11. Meet the World’s New Reserve Currency: The Chinese Yuan
  12. The IMF Can Print Money Like a Central Bank
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