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Why You Should Be Terrified Of What Just Happened in Cyprus | Zero Hedge (via casuist)
The actions in Cyprus might very will dictate how America goes about paying off our National and State/Local debt. Scary stuff.
Charles de Gaulle, in 1965, predicting the global debt crisis due to the fiat currency of the US.
I think America should default on all of our debt. Better than hyperinflation.
Fuck it. Why not?
What’s the worst that can happen?
Who actually gives a shit about the National Debt?
Why, especially, do any libertarians care?
I say, lower all taxes to zero, and raise the debt limit to infinity. Let the US government borrow as much as it is able, as long as it is able, to fund its craziness.
That’s pretty much what it does already. Who gives a shit about a “balanced congressional budget”, tho? I say, spend spend spend spend. If The country goes broke, good. If the country manages to stay afloat on nothing but borrowing, well then we all get free shit so that’s good too.
Since money doesn’t exist and it’s just value-through-perception, this is somewhat possible as long as all the countries of the world are willing to keep up the illusion.
Then again, what happens when all that money floods through the system and inflation kicks in, worldwide?
CNBC article regarding a 43 Trillion Lawsuit has been taken down; that same day, two children of CNBC staff are found dead.
The article discussed the largest financial laundering scheme in U.S. history.The article was taken down that I wrote about yesterday. I got the screen shots of it on CNBC and so there is proof that it was there and a lawsuit was filed against the banksters and top government officials.
The original link to CNBC is here: http://www.cnbc.com/id/49555671/ (you can still see the comments left from the article at the bottom of the page and that the article was about the lawsuit. (Until they make the page a “404” error)
Here is my article about it with the screenshots:
http://sherriequestioningall.blogspot.com/2012/10/43-trillion-dollar-suit-against-us-govt.html
What gives this more of a twist is the horrendous murder of two young children in NYC. An anonymous/Alison left a comment on the above article, saying that the CNBC Sr. V.P. executive of digital (internet) had his children murdered the same day/hours after the article came out.
Here is the comment:Hi Sherrie,
Of course the following could just be a coincidence….
You might also find it interesting to note that the chief exec of CNBC digital Kevin Krim’s children were murdered (2 of them) on the VERY same day this article went live.
Supposidly their nanny killed them but I guess we’ll never know seeing as she apparently slit her own throat and wrists and is now in critical condition in hospital. I doubt very much she’ll make it!
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9635446/Two-children-stabbed-to-death-in-luxury-New-York-apartment.html
Reads like an episode on Damages…
Alison
I found more articles about the murder of the children online. Here is one from CNN that has been updated and proclaims the nanny stabbed herself when she heard the mother come in the apartment.
Is it all coincidence that it happened hours after CNBC put the 43 trillion lawsuit online?The children’s father, Kevin Krim, a senior vice president for CNBC Digital and former Yahoo executive, was en route back home from the West Coast. Police broke the news to him at John F. Kennedy International Airport.
I feel for the family. I simply can’t imagine the most horrendous nightmare of having your children murdered.
Now CNBC has taken down the article/information about the lawsuit, I figured that would happen and that is why I captured every bit of it on the CNBC website. I captured it compared to reproducing for three reasons.
One: It says “copyrighted” at the bottom
Two: To show and prove it was on CNBC and not made up (which can appear to be when just copying material)
Three: To have a record of it, when it disappeared off the net.
FYI: It does seem they are erasing the whole page, now only 2 comments are left on the page. There were many more comments yesterday about the lawsuit on CNBC.
I found that Marketwatch has the same information up about the lawsuit at this time. Here is the screenshot of it on their page:
Question is: How long will it stay up on Marketwatch and will something happen to an executive or their family there of a horrendous nature or accident?Here is the Marketwatch (Wall Street Journal) report on the 43 trillion dollar lawsuit.
Here’s more on that CNBC murder case.
37 Facts about the economy under our current government
1. One recent survey discovered that 40 percent of all Americans have $500 or less in savings.
2. A different recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.
3. In the United States today, there are close to 10 million households that do not have a single bank account. That number has increased by about a million since 2009.
4. Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.
5. The number of Americans living in poverty has increased by about 6 million over the past four years.
6. Median household income has fallen for four years in a row. Overall, it has declined by more than $4000 over the past four years.
7. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.
8. According to a survey conducted by the Pew Research Center, 85 percent of middle class Americans say that it is more difficult to maintain a middle class standard of living today than it was 10 years ago.
9. In the United States today, 77 percent of all Americans are living to paycheck to paycheck at least some of the time.
10. In the United States today, more than 41 percent of all working age Americans are not working.
11. Since January 2009, the “labor force” in the United States has increased by 827,000, but “those not in the labor force” has increased by 8,208,000. This is how they have gotten the unemployment numbers to “come down”.
12. Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.
13. Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.
14. Right now, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
15. At this point, less than 25 percent of all jobs in the United States are “good jobs”, and that number continues to shrink.
16. There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
17. According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.
18. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
19. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.
20. Health insurance premiums rose faster than the overall rate of inflation in 2011 and that is happening once againin 2012. In fact, it has been happening for a very long time.
21. According to one recent survey, approximately 10 percent of all employers in the United States plan to drop health coverage when key provisions of the new health care law kick in less than two years from now.
22. Back in 1983, the bottom 95 percent of all income earners had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
23. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
24. Total consumer debt in the United States has risen by 1700 percent since 1971.
25. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.
26. According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.
27. Right now, approximately 25 million American adults are living at home with their parents.
28. The percentage of Americans that find that they are able to retire when they reach retirement age continues to decline. According to one new survey, 70 percent of middle class Americans plan to work during retirement and 30 percent plan to work until they are at least 80 years old.
29. The U.S. economy lost more than 220,000 small businesses during the recent recession.
30. In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.
31. Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero. By 2010, that figure had soared to 32.5 percent.
32. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.
33. In the United States today, somewhere around 100 million Americans are considered to be either “poor” or “near poor”.
34. In October 2008, 30.8 million Americans were on food stamps. Today, 46.7 millionAmericans are on food stamps.
35. Approximately one-fourth of all children in the United States are enrolled in the food stamp program.
36. Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. And that does not even count Social Security or Medicare.
37. According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government. Back in 1983, that number was less than 30 percent.
________
But no, really, it’s okay; vote for Bush/Obama/Romney. Maybe this time it will work out for you.
Well, this is interesting!
Apparently, Mitt Romney suggested in a Q+A session that The Federal Reserve is buying “like three-quarters of the debt that America issues.” And, in true journalistic fashion, the meticulous researchers at Mother Jones have concluded that:
So Romney is, once…
Are the banks slowly buying America by buying out our debt?
That’s not exactly what the Grace Commission Report found, but it is close.
The report found that of all possible income taxes, 1/3 are never collected because they are attached to “under the table jobs” which report no incomes.
Another 1/3 of income taxes are lost do to government waste and inefficiencies.
The last 1/3 of income taxes are used to pay for the interest on federal debt and for “transfer payments”. “Transfer payments” are, for those that don’t know, government supplemented income or welfare.
But please, continue arguing about the 99% vs the 1%…
(via thefreelioness)
