Comments by "xadam2dudex" (@xadam2dudex) on "The U.S. is a Bankrupt Super Power..." video.

  1. +constanceone scare tactics of the right wing propaganda machine....the liabilities are due to the US backing up the banker's scams on Wall St...all liabilities of the SS and Medicare are not part of the problem... even Reagan admitted that SS and Medicare have nothing to do with the US budget financial problems...low taxes, high military spending ( low yield economic benefit ), a poor job base ( service economy / export of industry ) and the income inequality / rigged economy are the source of the US's problems...trade deficits have been draining US assets for decades now a great transfer of wealth from the US to the rest of the world thru "free" trade agreements which have devastated the US economy / job market
    1
  2. mrzack888 if the US government had not passed the Federal Reserve Act that would be true but since the FED is a private bank it loans the government money it doesn't have and charges interest ...those are legal debts owed by the government so as long as the government can pay the interest it'll be ok ...as the Reagan Grace Commission found the personal income tax pays the interest on the US debt nothing else ..thus u would have to raise income taxes to pay the added interest otherwise the FED will foreclose and legally steal what they don't already rob the US people of now
    1
  3. mrzack888 lol..the FED works for the federal government ? where in the world did you come up with that insane idea ? it's a private bank that works for its owners not the US tax payer
    1
  4. ***** when u make hundreds of billions turning over a small portion of that to the Treasury is meaningless...how do u account for profits ? it is the income - expenses = profit ...when u pad those expenses with huge payments given to the owners that decreases your profits... if you don't think the FED just skimmed a little off the top and call that profit you don't know much about business...do you think ExxonMobile and other hugely profitable companies didn't make a profit so they have to didn't pay any US taxes u are the perfect patsy the rich love you'll believe anything you are told to believe.
    1
  5. too bad u don't understand basic facts *****
    1
  6. +mrzack888 no...not true...the petro dollar is the reserve currency it is the banker's free ride ..due to the FED's policies the US currency would be worth even less without the petro-dollar propping up the US banks
    1
  7. ***** the dollar get's it's value from oil if the dollar stopped being the currentcy used to sell / buy oil it's value would drop like a brick
    1
  8. ***** PS if that was true then every wealthy country ( Germany, Japan, China etc ) would be broke due to their huge surpluses in trade..nowhere in history has a nation / empire had a trade deficit and survived for long ... it's wealth is being drained ...Rome's imports drained it of gold and silver causing the empire to put less gold and silver into the coins thus devaluing them..."The drain of gold as a result of a trade deficit, combined with an ever increasing government spending for its standing army and other public works, set up Rome on an uncertain path. Despite of its inability to sufficiently produce state revenues, the empire’s army continued to double in size." ...does that sound familiar ?That is a quote from Econtrader about why the Roman currency was devalued. You can read the article here: http://history.econtrader.com/devaluation_of_the_roman_currency.htm the only thing the US exports is low value raw materials, food and weapons... we import high value raw materials like rare earths, the US being the world's largest weapons dealer ....funny how that works out and how the US has been at war since the US civil war ...remember Eisenhower's warning about the military-industrial complex ?
    1
  9. ***** one reason the US wanted to invade Iraq is due to the fact it started to sell it's oil in Euros not dollars...other countries were starting to do so as well...very bad for the Wall St....the US banking industry makes billions in profits by laundering that oil wealth ( not to mention the drug money ) Saudi Arabia ( see also Bush family connections to Saudi royals ) the price of oil itself does not determine the value it is the fact that the US currency is the defacto currency that gives it the value..... the commoditization of the currency.... we are talking about a fiat currency which is based on faith and trust not intrinsic value ( gold standard ) ...the nature of the monetary system under the FED naturally devalued the currency over time that is why the US dollar is only worth 3 cents vs $1 in 1913
    1
  10. u need to read somr books and stop watching that corporate media *****
    1