GAO: "USA is living beyond its means"
Uploaded by: Zeptocomp
Video Description:
A wake up call to all Americans from the U.S. Government Accountability Office (GAO) - (formerly the "General Accounting Office").
http://GAO.gov (since its over 10 min, i had to remove a few scenes in start to upload it) Also do read this from Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49: "Is the United States Bankrupt?" http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pd
f "This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke...." - How can the US go bankrupt, when it can just print new money (US Dollars) at no cost? You cant, you just dont want people
to watch the money supply too close then, which is why FED stopped showing the M3 money supply in 2006: http://www.federalreserve.gov/Releases/h6/discm3.htm - but the huge supply of newly printed US dollars will decrease its value. Ask yourself if the US dollar has fallen in value against other c
urrencies lately e.g. the Euro, British Pound, Canadian dollar? or if gold or oil cost more in USD lately? - In God you trust......but the FED? Only one honest US politician will tell you whats really going on, Ron Paul. Not only does Ron Paul question the FED, he also want to shut down the IRS -
if you wonder why, watch this almost 2 hour long video, and I am quite sure you can understand. If you think this movie shown here is scary, you havent seen anything yet: http://video.google.com/videoplay?docid=-1656880303867390173
Tags for this video: bankrupt bernanke deficit Documentary Economy FED gao hyperinflation money News patriot Paul politics Ron US USA
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Tell a friend:
I am one of them. I have no party affiliation. I say this is one election that the People will have their say. I do not recognize the authority of the electoral college to override the will of the People as they have in the past. It is the People who have ALL the power in every government; if on
ly they would use it more often.
baby boomers!! aggh. T_T j/k.
You underestimate the US People as I did before I took my campaign on the road and started talking to so many people in different states. The People KNOW what the media is doing; why do you think that this has been election has seen the largest shift of voter to become non-voters?
The People SEEK a candidate they can TRUST to do as they promise in their campaign to do. People seem selfish as survival measure against government. Daniel Kingery, President of the USA -Apprentice
Our founders out it quite nicely with these words, "Mankind are more disposed to suffer while Evils are sufferable, than to abolish the Forms to which they are accustomed." They knew that human nature generally does not try to make improvements until the human situation gets so bad the individual
cannot tolerate the present condition. For most USAmericans to take action, government has to get worse.
Federal Reserve Whores