Perhaps the most important cartoon you'll ever watch... - Page 2

My parents learned harsh, harsh lessons during the Great Depression. I was taught to never take on debt if I could help it. "Never a borrower or a lender be."  I have tried to live by what they taught me, and the only major debt I have is my mortgage. I pay off my one credit card monthly, and am very careful to use it sparingly. This generation has forgotten those lessons, and I am becoming more and more convinced that we, and especially the U.S. is headed for a fall that will make the Great Depression look puny by comparison!

The U.S. is bankrupt. It cannot pay off its debts, and with the debt ceiling being raised each time it approaches, is just digging itself in deeper and deeper. The cycle cannot go on indefinitely. Somewhere it is going to end, and God help everyone when it does!

At this particular time I see absolutely no hope that things will change without a major depression. That's what it will take (the outside agency, if it were) to bring everyone to their senses.

Yes, it is scary. But we lack the will to change, and Big Business has control of the reins of power, and does not WANT us to change, for exactly the reasons given in the video.

Edit: a friend sent me an e-mail that put the U.S. debt into perspective:

Fiscal Cliff put in much better perspectives.

Lesson # 1:

* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let's now remove 8 zeros and pretend it's a household budget:

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $385

Got It?

Lesson # 2:

Here's another way to look at the Debt Ceiling:

Let's say, You come home from work and find there has been a sewer backup in your neighborhood and your home has sewage all the way up to your ceilings.

What do you think you should do?

Raise the ceilings, or remove the shit?

Well said Sunsilver.  I think we've done well not get wrapped up in partisan politics here, as such a thing in reality represents little more than another way to divide the people and their interests, with each side being bought and paid for; two ends against the middle if you will.  In this country, our economy is now over %70 consumer spending; we manufacture little anymore.  The spending that supports the economy is financed, i.e. debt.  Without it, I have to wonder how much of an economy exists?  Take away what is borrowed (individually, and in terms of government's social programs) from the equation and it may collapse entirely.  Continue to borrow, and the beast grows, along with its appetite. 

Germany said they wanted their gold out the Federal Reserve, and were told to go pound tar until 2020.  Germany then asked to see their gold, and were told, "No".  When they insisted, they were shown a single room in the Fed, a small percentage of their holdings, and then sent on their way.




 

Carlin,
you should have explained your motivation for posting the video at the onset with a few remarks about all your philosophy towards mankind.

I thought you were trying to explain to the idiots how and why we came to be in this situation in the first place, all of us Sunsilver, yes your in the shit too along with the rest of the world.

Forget the masses, they are now as they have always been, in search of a leader.
How dynamic does it have to be for a few good men to do something?

The only ideology here is right and wrong.

We came pretty close to lighting that fire, each fire has a different purpose, there is nothing supernatural about it.
And it's not always to be taken literally.

I guess I just came away with a different meaning of your video.




 

Good post on the fiscal cliff perspective Sunsilver, I've seen that before.

Moons - yes the video.  I would guess there is a huge number of people who do not understand how things "work", so the lesson in the video is foundational.  It should serve as a wake up call to most Americans, and some others around the globe.  The philosophical facet is simply a matter of what I personally believe about what the response (or non-response) would be upon some kind of mass epiphany.  Practically, we need to understand what's at stake, who the enemy is, and the ways in which our behaviors strengthen the stranglehold on the people.  I think in its most basic sense, I would liken it to sitting down at the table for an enormous feast put on a tab, in favor of pushing the plate away and nibbling on the small pack peanuts in your pocket you paid for with the 50 cents you earned. 

The people, the masses are as they have always been, that's just the way it is.
What is lacking at present is the leader.
In time one will emerge.
Educating the masses is a fine start.

Then there's this one. It has been said many times - audit and end the fed.

 

that reporter chick in the fed. res. clip is hot.

This second video, unlike the first video, has an agenda that I do not care for.
It has been said that money should represent product and service, that I agree with.
If we base our money on a non-renewable resource such as gold and silver, or any other earthly resource we will be in another bad situation sooner rather than later.

Make no mistake, no matter what, the shit is gonna hit the fan and it's gonna be bad.
Afterwards, once the dust has settled, perhaps we could get it right if sound minds prevail.
If not the cycle will simply begin again.

VK4,
your in this just like everyone else, would do you some good to pay attention.


 

Yes, we are all going to be affected. Canada didn't suffer as much as the States during the sub-prime mortgage recession, as we'd pursued more sound fiscal policies, but we definitely DID suffer!