OT - The US National Debt - Page 6

NO NOTHING NEW   SSDD  LOL

Damit!!!    LOL.

Oh well,  I guess I'll go watch some tv or something.

Have a good one,

Later....:)

IF YOU AND YOU FAMILY LIKE WALT DISENY I COULD RECOMEND AFEW GOOD ONE!!I M SURE YOU ALREADY HAVE YOUR FAVORITS . HAVE A GOOD ONE GIVE THOSE PUPPIES A KISS FOR ME!!

What a nasty piece of work you are chisum! 

Missbeeb, No' you should use the right word,

Scum, He is just that

Steve

Newsmax.com

Bush Hands Over Reins of U.S. Economy to EU

Wednesday, November 19, 2008 2:28 PM

By: Dick Morris & Eileen McGann

The results of the G-20 economic summit amount to nothing less than the

seamless integration of the United States into the European economy.

In one month of legislation and one diplomatic meeting, the United States

has unilaterally abdicated all the gains for the concept of free markets won

by the Reagan administration and surrendered, in total, to the Western

European model of socialism, stagnation, and excessive government

regulation.

Sovereignty is out the window. Without a vote, we are suddenly members of

the European Union. Given the dismal record of those nations at creating

jobs and sustaining growth, merging with the Europeans is like a partnership

with death.

At the G-20 meeting, Bush agreed to subject the Securities and Exchange

Commission (SEC) and our other regulatory agencies to the supervision of a

global entity that would critique its regulatory standards and demand

changes if it felt they were necessary. Bush agreed to create a College of

Supervisors.

According to The Washington Post, it would "examine the books of major

financial institutions that operate across national borders so regulators

could begin to have a more complete picture of banks' operations."

Their scrutiny would extend to hedge funds and to various "exotic" financial

instruments. The International Monetary Fund (IMF), a European-dominated

operation, would conduct "regular vigorous reviews" of American financial

institutions and practices.

The European-dominated College of Supervisors would also weigh in on issues

like executive compensation and investment practices.

There is nothing wrong with the substance of this regulation.

Experience is showing it is needed. But it is very wrong to delegate these

powers to unelected, international institutions with no political

accountability.

We have a Securities and Exchange Commission appointed by the president and

confirmed by the Senate, both of whom are elected by the American people. It

is with the SEC, the Treasury, and the Federal Reserve that financial

accountability must take place.

The European Union achieved this massive subrogation of American sovereignty

the way it usually does, by negotiation, gradual bureaucratic encroachment,

and without asking the voters if they approve.

What's more, Bush appears to have gone down without a fight, saving his

debating time for arguing against the protectionism that France's Nicolas

Sarkozy was pushing.

By giving Bush a seeming victory on a moratorium against protectionism for

one year, Sarkozy was able to slip over his massive scheme for taking over

the supervision of the U.S. economy.

All kinds of political agendas are advancing under the cover of responding

to the global financial crisis.

Where Franklin R

WELCOME TO ARE YOU SMARTER THEN A TENTH GRADER!!  CURRENT EVENTS CLASS 2008..

create more social programs, increase taxes and cause depression

force people to grow up and be responsible for their own families

reduce social spending, reduce taxes and we have economic bliss

read your history

From Ron Paul...

The Fed Res created our depression

http://www.campaignforliberty.com/

This article, though somewhat confused about the difference between
debt denominated in dollars, and debt payable with debt-credit,
offers us a succinct statement that puts it all into perspective.

http://inflationdata.com/inflation/Inflation_Articles/Is_the_United_States_Bankrupt.asp

The True Scope of America's Fiscal Problem

Richard Fisher is the CEO of the Dallas Federal Reserve Bank and a
member of the Federal Open Market Committee (FOMC), which sets
interest rate policy. In a speech in May of this year, he stated that
the total U.S. debt – including Medicare and Social Security – is more
than $99 TRILLION!

--- end ---

Long term readers have already suspected that the flying fecal finale
is upon us.

If you do the math, obligated Americans, numbering about 300 million,
owe a percapita share of $330000. That ignores the "equal liability
for the whole debt".

But in terms of gold, it computes to an obligation to pay 16500 ounces.

Today's Gold Bullion : 777.88 FRNS.
That obligation would require each American to pay 12,835,020 FRNS as
his share of the national debt.

Does the word "impossible obligation" come to mind?