GDP
Missionaries of Debt: ‘We help them to help themselves’
Watch full episode 146 of Keiser Report on Thursday. This week Max Keiser and co-host, Stacy Herbert, report on collectivist top down tyranny running our monetary system. In the second half of the show, Max talks to Eric Sprott about precious metals, the ever increasing margin requirements and the ever decreasing dollar.
KR on FB: www.facebook.com/keiserreport
Duration : 0:1:48
Growing Debt, Rising Dragon: Time to learn Chinese?
As the US debt and China’s assets both continue to grow, China could potentially surpass the US GDP within a decade. Lori Harfenist, also known as “The Resident,” asked people in New York whether Americans should be aware of China’s growing dominant role.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com
Duration : 0:2:32
Ruling Kleptocracy: $1 earned = $10 debt
Every week Max Keiser looks at all the scandal behind the financial news headlines. Watch full episode 108 of Keiser Report on Thursday.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com
Duration : 0:1:26
‘Seven cheeseburgers, fries and a $180 trillion US debt’
Watch the full Episode 104 of the Keiser Report on Thursday! This time Max Keiser and co-host, Stacy Herbert, look at one Irishman in America speaking his mind about Irish bleeping bankers and while another Irishman, David Drumm, an Irish bleeping banker, is on the run and declaring bankruptcy in Massachusetts after bankrupting his own nation. In the second half of the show, Max Keiser talks to Ed Harrison about the European financial crisis.
Duration : 0:1:49
Keiser Report №77: Global Debt Collapse
This time, Max Keiser and co-host Stacy Herbert look at emails from viewers on their “Peak America” moments and then check out the scandals of the Irish choice of being “good Europeans” or “bad Europeans”, as a result of bankers offering only “bad banks”; while Iceland refuses to settle at any price. In the second half of the show, Max goes Down Under to talk to economist Steve Keen about the global debt collapse.
Duration : 0:26:31
Trouble in Fall 2009? College Graduates can’t find Jobs; States Raising Taxes; Marriage Decline
Japans Prime Minister announced a 15.4 Trillion Yen Economic Stimulus Package
•$154 billion
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP7_fW3Kogpc&refer=home
More States Look to Raise Taxes
•Tax revenue is plummeting nationwide and states are responding with even more taxes
http://online.wsj.com/article/SB123923448796803135.html
http://economix.blogs.nytimes.com/2009/03/06/putting-a-months-job-losses-in-perspective/
US FED: FOMC Downgraded its GDP Projection For 2009, 2010
•Federal Open Market Committees new forecast is
•GDP between -1.3% and -0.5% in 2009 (my prediction
•2.5% and 3.3% in 2010
•also downgraded their projections for the unemployment forecast by saying it would increase sharply in the first half and flatten out in the second half
http://www.forbes.com/feeds/afx/2009/04/08/afx6271000.html
Obama to Push Immigration Bill Despite the Risks
•Obama will make a push to reform immigration
•Start talking about creating a pathway for illegal immigrations to become citizens.
•Although there will not a major push for immigration reform until the economic crisis is resolved
http://www.nytimes.com/2009/04/09/us/politics/09immig.html?_r=1&hp
Laid-off U.S. workers finding new jobs, less pay
•Half of U.S. workers laid off in the past year who were questioned in a survey reported finding new jobs, but often with less pay and in a different field.
http://uk.reuters.com/article/burningIssues/idUKTRE5378NV20090408
Poll: Fewer Americans support stricter gun control laws
•according to Gallup polling, 54 percent favored stricter laws in 2001
•50 percent in 2007
•Now, a recent CNN/Opinion Research Corporation poll reveals a sudden drop — only 39 percent of Americans now favor stricter gun laws
•*That number is going to get lower.
•*its no longer a liberal/conservative issue
•Thats why you have liberal Democrats like vention4wh are armed and people like myself who previously had no exposure to guns are buying guns.
http://www.cnn.com/2009/POLITICS/04/08/gun.control.poll/index.html
Out-of-wedlock births hit record high
*let me just say this, marriage as an institute is coming to an end
http://www.cnn.com/2009/LIVING/wayoflife/04/08/out.of.wedlock.births/index.html
Duration : 0:9:20
$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
How in the world are we going to pay off all of this debt? Raising taxes to do it would burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending.
For too long in this country we’ve had the give-me-stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list in the constitution that quite clearly spells out the powers of the federal government, and also what it is not allowed to do. So basically if it was not listed as a power, then they are to stay away from it, and allow the States to handle it.
Just take a look at federal laws. At the very beginning they will state their authority in enacting the law, and it is almost always the commerce clause. I’m sure they even think that just because your computer is hooked up to the internet, and therefore has contact with other computers in other States, that they then would have the constitutional right of regulating your computer, and thereby your internet communications; they are out of control.
jbranstetter04
Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?
As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury.
The difference between the $455 billion “official” budget deficit numbers and the $5.1 trillion budget deficit cited by “2008 Financial Report of the United States Government” is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.
But the numbers in the 2008 report are calculated on a GAAP basis (“Generally Accepted Accounting
Practices”) that include year-for-year changes in the net present value of unfunded liabilities in social insurance programs such as Social Security and Medicare.
Under cash accounting, the government makes no provision for future Social Security and Medicare benefits in the year in which those benefits accrue.
“As bad as 2008 was, the $455 billion budget deficit on a cash basis and the $5.1 trillion federal budget deficit on a GAAP accounting basis does not reflect any significant money [from] the financial bailout or Troubled Asset Relief Program, or TARP, which was approved after the close of the fiscal year,” economist John Williams, who publishes the Internet website Shadow Government Statistics, told WND.
“The Congressional Budget Office estimated the fiscal year 2009 budget deficit as being $1.2 trillion on a cash basis and that was before taking into consideration the full costs of the war in Iraq and Afghanistan, before the cost of the Obama nearly $800 billion economic stimulus plan, or the cost of the second $350 billion in TARP funds, as well as all current bailouts being contemplated by the U.S. Treasury and Federal Reserve,” he said.
“The federal government’s deficit is hemorrhaging at a pace which threatens the viability of the financial system,” Williams added. “The popularly reported 2009 [deficit] will clearly exceed $2 trillion on a cash basis and that full amount has to be funded by Treasury borrowing.
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851
Duration : 0:1:41
Debt Outstanding, GDP and Income: Who Are They Fooling?
Credit is the lifeblood of all modern monetary systems. But debt, when it becomes excessive, chokes off growth and ultimately, if pressed too far, caused a deflationary collapse. Tickerguy goes into the debt and its composition, along with debt-to-GDP ratios, and asks: How can we avoid what appears to be a certain “second leg” downward – way downward? See the linked ticker at
http://market-ticker.org/archives/1427-Weekend-Stupidity-Roundup-Debt-On-Parade.html
Duration : 0:6:32
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