Tuesday, June 2, 2009

I.O.U.S.A


http://www.pgpf.org/


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5 comments:

Curious said...

For a good 10 or 15 minutes there, I thought I was back in class.

I couldn't really see the point in this video other than we should stop spending and increasing taxes. But there was no mention of the millions of jobs that will be lost and the millions of people who would be affected by lack of social services and healthcare when they find that they have nothing to fall back on.

Sure things need to be changed before it's too late, but just dropping everything and saying as long as I have mine and "F" the rest is not the answer.

June 2, 2009 at 8:48 PM
RunningMom said...

I liked this video for a few reasons, one - I'm in the middle of a finance class, so suddenly it's more interesting, two - the change in our national debt has gone up and down since the beginning. I presume that it will continue to be cyclical. We just happen to be on the upside of one of those great big hills. three - we really need to learn how to take care of each other. Americans are not happy people, we continue to buy things that we think will make us happy, but it doesn't.

If we modeled our economy after some European countries, we would pay a lot more taxes, but we would have a lot less worry.

Unfortunately, the American way has been greedy for a long time. It's never enough money, it's never enough work, it's never enough.

I think that I have always had a "thriftville" buying habit, but I could always do better. I have started a project in my own home to reduce, reuse and recycle what I have without buying anything I don't need. I have begun re-selling my textbooks online and have even made a few bucks!

June 4, 2009 at 9:32 PM
Anonymous said...

I have so many issues with this video. I can't even count how many inaccuracies there were in here. Deception always comes from a mixture of the truth and lies. I.E. If I tell you the truth all the time then you will always know the truth if I lie to you all the time then you will always know the truth. Deception comes from a mixture of truth and lies.

First off read the article by J.N. Tlaga "We have been had" Parts 1 and 2. This is the beginning of why we are in the situation we are now and why it is beyond fixable.

Next. Read the book "The History of the Decline and Fall of the Roman Empire " Published in 1776

Then get a subscription to "The Privateer" by Bill Buckler

"The Money Changer" by Franklin Sanders

"The international Forecaster" by Bob Chapman

"The Mogambo Guru" by Richard Daughty (free)

And a subscription of Shadow Stats wouldn't hurt.

_______________________

Anytime you have a currency that can be physically manipulated by ANYONE, The devil will get the better of those in positions of authority and will inflate or deflate the currency to whatever end.

Our founding fathers had this exact same problem when using colonial script prior to the adoption of the constitution. Say what you will about the founding fathers, but they were very well educated. This was why they put the provision in the constitution that we will NOT use anything BUT gold and silver in tender of payment of debt. The reason for this is because you CANNOT manipulate the value of gold and silver the way you can with fiat paper. Did we listen? Our Achilles Heal is the commerce clause in the Constitution which has enslaved us all.

Ok I can rant all day, and that would be just unbearable.

Have a great day all

June 6, 2009 at 12:02 PM
uglyblackjohn said...

Why aren't you writing?
Busy summer?

July 2, 2009 at 10:30 PM
RunningMom said...

UBJ - New post, yay. :)

July 29, 2009 at 1:17 PM

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