So What Does An American Deficit Of $916,666,666,667 A Month Mean?

Professor Laurence Kotlikoff tells us that if we use Generally Accepted Accounting Principles (GAAP) which requires corporations to acknowledge debts as they accrue that America’s debt is 211 trillion dollars and not the more than 16 trillion in outstanding Treasury bonds. The real shocker is that our debt grew by 11 trillion dollars in 2011. That is $916,666,666,667 a month. There are 31,536,000 seconds in an ordinary year (60x60x24x365). This works out to $347,705 a second. Try to get the people you talk to to wrap their minds around these numbers because we have to start a national dialogue.

The United States and Great Britain are both in the midst of the greatest Bubble in history. When our over priced Treasury bonds collapse in value, both nations will enter the worst Depression in 500 years of Western civilization. Not that I would recommend the euro or the Japanese yen. They will die too.

We have to completely reform the system before the federal government goes bankrupt, declares a bank holiday and the dollar crashes. We need to overhaul several systems at the same time. Need I remind you that I previously predicted that over a thousand American cities, counties and local agencies would go bankrupt in 2013 and that will add 2 trillion dollars to its big 16 trillion dollar plus pile of bonds.

I once read a study by an actuary who said that if a married couple worked at the minimum wage from age 18 to 65, they would have a million dollars when they retired provided they put it in a mutual fund and not give their money to Social Security. Of course this was in the old days before Wall Street was given a free pass to steal everything you worked for. Do you remember Al Gore’s Locked Box? He wanted is to  pay a lot of taxes to Social Security so they could buy  US Treasury bonds and put them in a Locked Box. So what happens when people retire and the Social Security Dept redeems those bonds at the Treasury so they can pay retirees? The Treasury then tells the Congress and the President to pay for those redeemed bonds by raising taxes. And the sheeple thought they were paying into a fund that would take care of them in their old age. It was all a Ponzi scheme.  We need a discussion of retirement. It must not be a system where Wall Street bankers and brokers have access to your money because they will steal as much of it as they can.

To prevent the coming Depression I want to do is to cancel all Unpayable Debts and to outlaw the creation of those debts. I would make it illegal for the federal, state or local governments to sell bonds. The total of federal state and local government  debts in the US is 21 trillion dollars. If you add in federal guaranteed loans like Fannie Mae and Sallie Mae, the total is 27 trillion dollars. As I explained at length before, I would seize all assets of government agencies listed at CAFR1.com to pay off all bonds and to fund all pensions. I would also cancel $20,000 in debts for every adult citizen not in institutional care. To fund that I would have the military invade a lot of offshore bank havens from the Cayman Islands to Lichtenstein to Dubai. I would only take the money of criminals. I would cancel the government debts of any nation that agreed to join in my suggested bank reforms. I would end fractional reserve banking and interest bearing currencies. Under the present system a bank can create money out of nothing and collect interest. Currencies should be created by the government and not require taxpayers to pay interest to the bankers who did nothing but print money. This burden of paying interest for nothing of value in return leads to Unpayable Debts through the miracle of compound interest. This practice must be stopped worldwide. To convince the people of Europe to quit the EU, which I have called Rothschild Land, I would offer the Europeans government and personal debt cancellation as well as the repeal of their VAT (sales taxes). This would require they end all interest bearing currencies.

Finally. I would release all American secret government scientific advances to corporations that would issue stock shares to American citizens which would be deposited in their name at local cooperative depository trusts in accounts under their name and control. Instead of an employer promising to pay you X dollars in 20 years or contributing to Social Security. I would henceforth make pension promises illegal. All money paid by an employer including the government would be paid into your account in the current year at that local cooperative depository trust. These trusts would dwarf any power from Wall Street so the Balance of Power in the body politic would shift from the bankers to us. I would allow these trusts to operate credit unions, issue credit cards, make loans and sell simple insurance policies with all profits going to fund retirements.

I wrote a series of articles about an American military coup being the worlds last, best and only hope. I should write another. The US and Israeli governments have finally been convinced that attacking Iran would be suicidal for both countries. The US government has been occupied by Zionists and bankers since they killed President Kennedy in 1963 and some say since the Federal Reserve was created in 1913. The most recent version is here.

Memo To Pentagon: Compare The Invasion Of Lichtenstein And The Cayman Islands To War With Iran And Syria

http://vidrebel.wordpress.com/2012/08/06/memo-to-pentagon-compare-the-invasion-of-lichtenstein-and-the-cayman-islands-to-war-with-iran-and-syria/

You can read about monetary reform here.

http:/IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians

http://vidrebel.wordpress.com/2012/08/19/imf-economists-we-were-wrong-will-someone-please-tell-the-press-and-the-politicians/

I wrote two articles on debt cancellation and pension reform here.

What Real Debt Cancellation Combined With Pension And Health Care Reform Looks Like Part I

http://vidrebel.wordpress.com/2012/07/08/what-real-debt-cancellation-combined-with-pension-and-health-care-reform-looks-like-part-i/

What Real Debt Cancellation Combined With Pension And Health Care Reform Looks Like Part II

http://vidrebel.wordpress.com/2012/07/12/what-real-debt-cancellation-combined-with-pension-and-health-care-reform-looks-like-part-ii/

About these ads

About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
This entry was posted in Uncategorized and tagged , . Bookmark the permalink.

15 Responses to So What Does An American Deficit Of $916,666,666,667 A Month Mean?

  1. Eethakit says:

    NO! Not OUR debt, THEIR debt! Don’[t fall for the tricks of the Elite, trying to pass their criminality on to us. We didn’t apply for it, or request the money, we had no say in it AT ALL. W, THE People are NOT liable for it.

    As Tonto said to the Lone Ranger, “What do you mean, WE, White Man!?

  2. peter vojta says:

    And who are these, who always were these “briliant banksters”?, to what religion/sekt they belonged mostly?,…
    The only ofspring from these “financial” terrorists is beloved / filled with love of hate/ place in Province of Palestine called Israel.
    Thas anybody understands, why these people experienced nearly 80 major pogroms in human history? Or does WW3 has to happened to get it! peter czech

  3. it means the “Jew” worshipping braindeadgoy are really really stupid
    http://snippits-and-slappits.blogspot.com/2013/01/who-brought-slaves-to-america.html
    when did true become false
    http://adask.wordpress.com/2013/01/27/anonymous-a-call-to-arms-and-a-declaration-of-war/
    Khazar “Proselytes” to Talmudic Judaism will never be “Israel”…
    http://www.israelect.com/reference/Willie-Martin/
    Just the Facts
    http://dpalmer.8k.com/fordsux/hoaxes/money_hoax/HOAX_1-20.html

    Define “Money”…

  4. Freddy says:

    Your statement, “I would have the military invade a lot of offshore bank havens from the Cayman Islands to Lichtenstein to Dubai” shows that you don’t know much about the financial system and foreign exchange. You don’t have to invade anybody, because the Dollars for example are not physically in those places, they are digits in a computer at a US bank. The currency always stays in the country of origin, Dollars in the US, Yen in Japan, Pound in UK ect. The offshore banks only mirror the balance of an account held in Dollars at a US bank. So you can stay put and just confiscate the accounts or the digital money here. This talk about moving money offshore does not actually happen. Its just a transfer from one account to another in the US, an account that an offshore bank owns.

    • horse237 says:

      What bank did you work at?

      You need to seize the banks of any national origin so you can zero out all the accounts whether they are in dollars, pounds, euros or gold.

      I would also seize all of the big banks in the US to eliminate all of those criminal accounts. Half of all business accounts at HSBC are fraudulent.

  5. Gabreal Jones says:

    (…) To convince the people of Europe to quit the EU, which I have called Rothschild Land (…)

    Belgian MP LAURENT LOUIS stands against war in Mali and exposes the international neo-colonial plot at the Belgian Parliament, in Brussels the Heart of Rothschild Land.

    CIA O

  6. Pingback: Europe: Lord Stirling's News Blog EUROPE - musicBlogs

  7. greg bacon says:

    Getting rid of our debtr-based currency is a must. And since the FED was illegal from the beginning, we also need to confiscate all that wealth stolen from the USA by those private banking families.

    Getting rid of the FED would also see us not get involved in so many banker wars.

  8. Applause for VidRebel says:

    Horse and all, are you fortunate enough to have people willing to associate with you to talk about these numbers, and other truths posted here? If so, please explain these persons and meetings.

  9. May I just say what a relief to discover someone who
    genuinely understands what they are talking about over
    the internet. You definitely realize how to bring an issue to light and make it important.

    More and more people should read this and understand this side
    of your story. I can’t believe you are not more popular because you most certainly possess the gift.

  10. Pingback: Revisiting The Declaration of Independence In The Age Of Drones | Video Rebel's Blog

  11. Pingback: Mr Obama’s Minimum Wage Hike And Currency Wars | Video Rebel's Blog

  12. payday loans says:

    Pretty element of content. I just stumbled upon your blog and in accession
    capital to claim that I get actually enjoyed account
    your weblog posts. Anyway I will be subscribing on your feeds or even I achievement
    you get entry to consistently rapidly.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s