A National Debt happens when governments spend more than they actually have, and everyone getting the money agrees that's absolutely fine.
More Money Than There Is Money
The national debt is currently 13.7 trillion dollars (you can round up to 14 if you ignore that piddling little GDP of Denmark). The American people could work together, movie-montage style, collecting every single physical dollar and cent in existence and they'd still have to go to Vegas*, hit the roulette tables, lay it all on black and win. Four times in a row. That's how you know you're doomed - most people crushed by debt imagine cleaning up at the casino OR having all the money in the world. When you need both, you're buggered.
*Some of them would already be there
The Apocalypse Overdraft
Since the "amount due" now contains more zeros than an American Idol IQ report you might wonder how they get a half-trillion dollar extension every year. Unless they're expecting the gravitational pull of morbidly obese citizens to start compressing fat into diamond, surely the creditors must realize they aren't getting their money back?
They do, but they also realize that if they ever ask for it - even a bit of it - the very concept of money will collapse. Along with the rest of Western civilization. That's what happened during the Depression, the dot-com collapse, and the credit crunch - the money stopped having anything remotely to do with real wealth, and some selfish bugger asked to actually see these millions of dollars everyone was trading. All these events ended spectacularly, in the same way a car crashing into a petrol tanker is spectacular, and this time the debt isn't based on e-Bullshit or the stock market - it's anchored on the entire country. With "anchor" being a terrifyingly suitable metaphor to be tied to.
If they pretend they're going to get imaginary money in the future, the creditors can keep using their "investment" skills (as opposed to the "hunting and gathering skills" they'll need if they don't).
It's a pity Doctor Doom never thought of this. He keeps attacking banks with neutron bombs and having his ass handed to him. If he started small, maybe opened a checking account and took out an overdraft to buy some grenades, next thing you know he'd be in the back sharing cigars with the managers while the staff shovel the vault's contents into his heavily-mortgaged Armageddon Detonator. Then Spiderman's escorted off the premises for attacking a valued customer.
Debt Sales
Because we don't have a forest of magical money trees, nor a mountain made of gold, you might wonder where all this money is coming from. Simple - the ability to be owed money by America is being auctioned off almost every second day. It's been sold two or three times just this week. A quarter of this debt is now owned by foreign countries and a quarter of that goes to China. That means they get 3.125 states when the world repossesses, but if we're smart we can fob them off with Texas. It'll be awesome - they think all Americans are heavily armed inbreds, and it'll be true! They can set it up as a themepark! "U.S. Land", or more likely "Americ Park!" They'll be rolling around in their bulletproof buses, watching tremors in glasses of water as the tour attractions lumber past.
"And they all have guns? Even the ones who failed basic educational tests?"
"Especially them! In fact they have the most guns of all!"
And our Asian visitors will be scared, and go home even more determined to "actually work" and "not try to make a living by suing their employers, governments and people they see in the street."
Of course, in true action-movie style it'll all go wrong and heavily armed Americans will rampage and start invading other countries, and .... wait.
Owing Everything
The national debt is expected to hit 100% of the Gross Domestic Product around 2019, at which point we can only presume America will be repossessed by everyone who bought the debt sales above. Since 2.2 trillion is owned by the Federal Old Age and Survivors Trust Fund, this could well mean pensioners declaring your city to be their lawn and demanding you get off it. But since public services will have broken down by then you can easily hurl a razor-sharp boomerang through their decrepit necks to protect your precious water.
(Note: start learning how to sharpen boomerangs by 2015 at the very latest, it takes a while to get the knack.)
It's user-submitted, pinko. If conservative-minded individuals didn't take themselves so seriously, they would be better represented in the comedy world. Dems da breaks.
When what you say is true you can tell it plainly. When you want your lie believed you have to describe it with indirect methods, like comedy, lest the audience witness your tale all-at-once and recognize its' falsehood.
The comedy world's just part of the media that is propaganda. It's self-perpetuating b/c most of the populace already agrees. Most independent sources will still say the same things as the 4 American news outlets.
dudes, seriously? I'm a lifetime member of the NRA and an avid sportsman, and i just found this funny. Seriously, you rightists all think everything is an attack. A lot of China does (hilariously) think of america this way, much like we think the french are cowards and wear berets. ('Cause they totally do). STFU already. It's a comedy website. Seriously, it's like you guys are going into a gay bar and complaining about the male on male dancing.
8===>
You know, the national debt (as a % of GDP) hasn't changed much over time, with the exception of recent spending intended to avoid a second great depression.
Articles like this, which feed into the general American misconception that the US nat'l debt has been getting steadily more unsustainable over time are a little ridiculous.
And I realize it's a humor site. But the jokes really only work under the assumption that the basic premise of the subject matter is true.
this is so untrue I hesitate to even call it false. Its a new level of untruth.
The deficit had remained basically constant, wit ups ( the 80's) and downs ( te 90's) along the way, until Bush and later Obama came along.
The debt, on the other hand, has been steadily growing becase at no point have we actually begun to pay it off, and keep increasing it with yearly deficits.
The noption that the debts isnt beginning to get unsutainable is what is (more than) a little ridiculous. Soon, there will only be two choices; inflate or default. I would not want to be holding dollars at that point
Te
It's too bad we didn't stick to capitalism. The more the government got involved in business practices, the more fucked up things became (see: Fanny Mae, Amtrak, the post office, public schools and bailouts).
You left Obama off the chart, he managed to spend more in two years than the past administration did in their entire time in office.
It's important to note that printing money and taking loans at an outrageous rate benefits corporations and financial institutions more than pretty much anyone. The only thing we'd gain from not having public education, transportation, and mail delivery would be more money to throw at people that already have too much money.
The big corporations got bailouts from the American Government for a great many reasons, mostly related to just how big they are and how many peoples' lifestyles are under their influence. Sure the automotive industry is clearly in need of restructuring, but when you have to pay your bills "RIGHT f*****g NOW" you're going to feel like you've been pissed on (as a homeless person) for the many years it takes to find employment among the fledgling business(es) that takes its place if your government doesn't handle things. That's an obvious over-simplification (imagine how you'd behave if Sony was responsible for employing your neighbourhood and suddenly collapsed tomorrow, with their executives still in possession of several mansions and yachts, then project that onto your average "developing world" labourer) and there are more factors at work, but we've been outside Adam Smith's utopia for far too long to pretend it's the world we live in. If a committee with more money than your average nation holds your citizens' (and congressmens') paycheques for ransom, you're going to give if poll numbers mean anything to you. And that's barely scratching the surface of the financial institution mess, where their failure would pretty much mean the end of capitalism.
Just as a heads up both Thomas Paine and Adam Smith were actually pretty socialist. Yeah they were like get the f**k out of my business, but if people were getting fucked over they wanted safety nets in place. They were some of the first people to suggest anything resembling welfare. They both knew people can be dicks and so in their "capitalist utopia" they had s**t like public healthcare and soup kitchens and other s**t for people in rough spots. At no point in time did America "stick to capitalism." And read The Jungle if you seriously want a gov-free economy, that shit's fucked up.
It's not just the government in the states that is f*****g retarded and crazy, it's the sheep that live here too. People here have been brought up by these political leaders to believe everything is the fault of someone else, that they can be blamed for nothing, that god will make everything ok, because OF COURSE god loves the f**k out of America, and they all seem to think they can get away with whatever the f**k they want, whilst thinking they will help the country by being complete assholes to anyone who disagrees with this psyche. A bunch of f*****g lunatics, and I live right in the middle of the bunch of them. I gotta get out of here, and quick!
That is the stupidest possible response. It's predictable and sounds like south park, you uneducated f**k wit. Just because s**t sucks doesn't mean you can't stay and make it better. When you have done that and tried as hard as you can then you can leave because there is nothing more you can do, provided you are still alive because, in reality, there's a shitload you can do, some of which isn't entirely legal. Naturally, some of that illegal s**t can result in your death. You know, things like treason and rebellion.
I've actually seen mostly the exact opposite. Most of the Americans in the gov't believe that everything is the U.S's fault. Honestly I wouldn't be suprised if some of them tanked the economy on purpose.
So how's CavalierX bitching about how this country which he throws his blind patriotism behind is suddenly the worst country in the world, because the gummint is considering adopting policies inspired by foreign governments that work? And how taxes are man's most evil invention? Newsflash: if you don't want taxes or a Federal Reserve, go move to Somalia or Papua New Guinea. Heard it's real nice down there. Every first world country has some equivalent to the Federal Reserve. Since you like to talk about the Founding Fathers so much, why would you want to undo something they did themselves? I thought the Founding Fathers were infallible!
Too bad your math is off quite a bit. You know, with the whole 'War in Iraq 2' costing less than 2 trillion dollars spread over 10 years, versus Obama spending over 1.4 trillion in deficit in one year, with a projection of equally high deficits (all over 1 trillion) for nearly the next decade (8 years, not including this year, which has a projected deficit of 1.62 trillion)
You do realize that trillions could be saved if we just weren't in a war in the first place, right? Or are you just as retarded as your gun-humping brethren down south? Obama inherited Bush's shit-tastic deregulation-obsessed administration. He got rid of all the regulations that kept banks from NOT pulling s**t like the S&L Scandal of the 80s. And look what happened. Saying this is Obama's fault is like saying Jimmy Carter caused Iran-Contra. Doesn't make sense, does it?
hamsterjelly, maybe you missed what's been happening around here in the last 10 years. Bush didn't 'deregulate' jack-shit, that was all congress, and then, from 2003 to 2007, any attempt, no matter how bi-partisan, to tighten regulation, SPECIFICALLY ON the f*****g subprime mortgages which kicked off this recession, was met by calls of 'racism' from Franklin Raines and the Democrat party, including Barack Obama.
Obama inherited the 'deregulation obssessed administration' from his fellow democrats, and Bush, sadly, went along trying to play at being a bipartisan leader (which, when you look back at his presidency, was a huge mistake every time). And banks, of course, went along because A) Some were cool making imaginary profit off of loans that would never be repaid, and B)the rest were afraid of the ACLU and NAACP lawsuits hat would have forced them to make those loans.
Your belief that George Bush singlehandedly destroyed the economy is hilarious. He's not like Obama, who regularly tells congress exactly what to do. He gave input a few times, and the rest of the time kept to his own duties.
By the way, by the end of this [fiscal] year, Obama will have spent more money in deficit than the actual cost of those two wars. So, 2 wars about 10 years in length are EQUALLY costly to the deficit spending Obama racks up in 2 YEARS.
And do you want to know how to save some money? Ignore everything Obama suggests, scrap the healthcare reform bullshit, scrap all Obama's anti-capitalist plans, and recover the 3/4th of the 'stimulus bill' that won't be spent until democrats need it so they have something to campaign on.
its crazy to think about half of the human population makes little more than a dollar a day. then you think about what that would actually buy here. we have overinflated values of things because companies add fake sparkles and happiness to every product.
Welp, I'm moving to Brazil.
Maybe I can use the money I still have to buy some nice property in one of the cheaper areas, and then work online somehow.
The seconds the world stops trading oil in dollars, America is fucked. North Korea, Iraq and Iran and maybe Cuba were all planning on changing to Euros to trade oil in when America suddenly put them in the 'Axis of evil' and started getting reaalll pissy. Only Iraq went through with it and got invaded pretty much straight away.
I don't know how much of that is actually right because I heard it all ages ago so it's all iirc
Bush was a great president, since this says that the ONLY debt added during his presidency was due to inflation, which isn't really his fault. Oh, except that the invasion of Iraq now apparently happened during Obama's administration and Afghanistan apparently never happened.
Hey, great job. I wouldn't have put my name on it either.
Yes, US is in deep s**t, but you americans have a really, really big advantage. That is the mother f*****g dollar. The mother f*****g US dollar is a reserve currency for practically the entire world. When you pay the debt, you pay dollars. And you can just print dollars. Do you get it? If some Eastern European country, let's say Romania, has to pay its debts, and it doesn't have enough dollars, than it will buy dollars from the local market. For this, it will print local money, to buy dollars with. But that will decrease the national currency, so you got inflation for Romania, and this sucks. However, when the US prints money, it's inflation for the entire f*****g world, which means the dollar will decrease by a much smaller degree. When the US is in trouble, everybody pays, not only the americans. Even the EU, even China, even the poorest of countries in some remote corner of Africa. Now, that's badass!
Capitalism hasn't failed, because we don't have pure capitalism in this country. The federal reserve bank is what allows the government to keep creating money out of thin air. Read 'End the Fed' by Ron Paul. In order to start having a real, pure market economy, we need to get rid of the federal reserve system. And the banking system now is set up to be half socialist, and half capitalistic. If banks have profits, it's capitalism, if banks have debt, the Fed just makes more. That is why the government 'had to' bail out the banks. This is the third or fourth time we've had to bail out the banks. Goldman Sachs has already been bailed out two times before this.
Ron Paul is /dreamy/. So, you're saying that the housing bubble was due to over-regulation? Were banks required to trick people into loans they couldn't afford? Did the government force them to sell these toxic assets for a fortune? Were people threatened with jail time if they didn't buy a house they couldn't afford?
I don't understand this? R u for free healthcare or against it? Is this sarcasm? Just trying to clarify and understand your comment. Also, some people need to eat less.
hmm, if this is actually true, that you live in a more socialist country, and can't eat because you pay too many taxes, you're doing something wrong. do you have a coke habit or something? like, I'm Canadian, and they take a good share but you obviously have enough to eat. and do a lot of other things too.
Yes, Rayned0wn, as a Canadian with free healthcare, I am currently starving and cannot afford more vacation than the average American, internet, or a computer Because my taxes are insane.
I also have to wait 6 months in line for my dislocated jaw I received from wrestling a polar bear.
Ok you heard the man. time to pack up and go to Canada, AMERICANS, HOOOOOO! Skew our home and country its time to abandon everything and go to Canada! Then when the Canadians see that all of America is coming over they'll say "o s**t it actually worked" then all the canadians will come over to where the Americans just lived and will basically trade spots and then the'll yell at us "HA TRICKED YA" and then us americans will say "GOD f*****g DAMNIT" then the new canadian inhabited america will clean up our Iraq war and all our debt (our debt that is now theirs cus now they own america). So now the american inhabited canada will have a canadian revolution and then a canadian civil war then a canadian stock market depression then eventually we will be at the point where canada is the USA of today and the canadian US has become the canada of today and then the canada-US will do the same thing with an internet article and trick canada into trading countries again. This process will repeate every 250 years for all eternity, now and foever.
yes but when i think of comedy sites prowonderful im not thinking is this comedy site serious enough i think is it funny enough and so far, yes it is
ReplyI thought this was funny
ReplyWow, Cracked used to be more serious.
Reply Hide All See All 5 Repliesf**k the liberal BS though. Taxes impoverish and you should own guns.
America's national debt is a ponzi scheme.
I like how they insinuate that only the stupid own firearms. Cracked is a leftist propaganda site that attempts to hide its bias with "comedy".
It's user-submitted, pinko. If conservative-minded individuals didn't take themselves so seriously, they would be better represented in the comedy world. Dems da breaks.
When what you say is true you can tell it plainly. When you want your lie believed you have to describe it with indirect methods, like comedy, lest the audience witness your tale all-at-once and recognize its' falsehood.
The comedy world's just part of the media that is propaganda. It's self-perpetuating b/c most of the populace already agrees. Most independent sources will still say the same things as the 4 American news outlets.
dudes, seriously? I'm a lifetime member of the NRA and an avid sportsman, and i just found this funny. Seriously, you rightists all think everything is an attack. A lot of China does (hilariously) think of america this way, much like we think the french are cowards and wear berets. ('Cause they totally do). STFU already. It's a comedy website. Seriously, it's like you guys are going into a gay bar and complaining about the male on male dancing.
8===>
When you're really out there on the right wing, even the center looks left to you. It's been that way forever...
You know, the national debt (as a % of GDP) hasn't changed much over time, with the exception of recent spending intended to avoid a second great depression.
ReplyArticles like this, which feed into the general American misconception that the US nat'l debt has been getting steadily more unsustainable over time are a little ridiculous.
And I realize it's a humor site. But the jokes really only work under the assumption that the basic premise of the subject matter is true.
Yeah because that worked so well last time, after a decade, and a world war.
this is so untrue I hesitate to even call it false. Its a new level of untruth.
The deficit had remained basically constant, wit ups ( the 80's) and downs ( te 90's) along the way, until Bush and later Obama came along.
The debt, on the other hand, has been steadily growing becase at no point have we actually begun to pay it off, and keep increasing it with yearly deficits.
The noption that the debts isnt beginning to get unsutainable is what is (more than) a little ridiculous. Soon, there will only be two choices; inflate or default. I would not want to be holding dollars at that point
Te
Money isn't everything. :P
Replyyeah. america really needs to start practicing pretending they don't care about stupid filthy money any longer
It's too bad we didn't stick to capitalism. The more the government got involved in business practices, the more fucked up things became (see: Fanny Mae, Amtrak, the post office, public schools and bailouts).
Reply Hide All See All 3 RepliesYou left Obama off the chart, he managed to spend more in two years than the past administration did in their entire time in office.
It's important to note that printing money and taking loans at an outrageous rate benefits corporations and financial institutions more than pretty much anyone. The only thing we'd gain from not having public education, transportation, and mail delivery would be more money to throw at people that already have too much money.
The big corporations got bailouts from the American Government for a great many reasons, mostly related to just how big they are and how many peoples' lifestyles are under their influence. Sure the automotive industry is clearly in need of restructuring, but when you have to pay your bills "RIGHT f*****g NOW" you're going to feel like you've been pissed on (as a homeless person) for the many years it takes to find employment among the fledgling business(es) that takes its place if your government doesn't handle things. That's an obvious over-simplification (imagine how you'd behave if Sony was responsible for employing your neighbourhood and suddenly collapsed tomorrow, with their executives still in possession of several mansions and yachts, then project that onto your average "developing world" labourer) and there are more factors at work, but we've been outside Adam Smith's utopia for far too long to pretend it's the world we live in. If a committee with more money than your average nation holds your citizens' (and congressmens') paycheques for ransom, you're going to give if poll numbers mean anything to you. And that's barely scratching the surface of the financial institution mess, where their failure would pretty much mean the end of capitalism.
Just as a heads up both Thomas Paine and Adam Smith were actually pretty socialist. Yeah they were like get the f**k out of my business, but if people were getting fucked over they wanted safety nets in place. They were some of the first people to suggest anything resembling welfare. They both knew people can be dicks and so in their "capitalist utopia" they had s**t like public healthcare and soup kitchens and other s**t for people in rough spots. At no point in time did America "stick to capitalism." And read The Jungle if you seriously want a gov-free economy, that shit's fucked up.
(Oops. Third paragraph, should say Clinton's last budget had over $100 billion surplus in 2001. My bad)
America is rooted
ReplyAnd self inflicted to boot.
It's not just the government in the states that is f*****g retarded and crazy, it's the sheep that live here too. People here have been brought up by these political leaders to believe everything is the fault of someone else, that they can be blamed for nothing, that god will make everything ok, because OF COURSE god loves the f**k out of America, and they all seem to think they can get away with whatever the f**k they want, whilst thinking they will help the country by being complete assholes to anyone who disagrees with this psyche. A bunch of f*****g lunatics, and I live right in the middle of the bunch of them. I gotta get out of here, and quick!
Reply Hide All See All 5 RepliesI love you
Ok, then stfu and go.
That is the stupidest possible response. It's predictable and sounds like south park, you uneducated f**k wit. Just because s**t sucks doesn't mean you can't stay and make it better. When you have done that and tried as hard as you can then you can leave because there is nothing more you can do, provided you are still alive because, in reality, there's a shitload you can do, some of which isn't entirely legal. Naturally, some of that illegal s**t can result in your death. You know, things like treason and rebellion.
troll. You're looking from a stereotypical southern conservative role. You make too many assumptions. R U MAD?
I've actually seen mostly the exact opposite. Most of the Americans in the gov't believe that everything is the U.S's fault. Honestly I wouldn't be suprised if some of them tanked the economy on purpose.
I've said it before and I'll say it again: We should go back to a system of bartering!
ReplyThat is so stupid. Third world countries live better then we would if we relied on bartering.
So how's CavalierX bitching about how this country which he throws his blind patriotism behind is suddenly the worst country in the world, because the gummint is considering adopting policies inspired by foreign governments that work? And how taxes are man's most evil invention? Newsflash: if you don't want taxes or a Federal Reserve, go move to Somalia or Papua New Guinea. Heard it's real nice down there. Every first world country has some equivalent to the Federal Reserve. Since you like to talk about the Founding Fathers so much, why would you want to undo something they did themselves? I thought the Founding Fathers were infallible!
ReplyToo bad your math is off quite a bit. You know, with the whole 'War in Iraq 2' costing less than 2 trillion dollars spread over 10 years, versus Obama spending over 1.4 trillion in deficit in one year, with a projection of equally high deficits (all over 1 trillion) for nearly the next decade (8 years, not including this year, which has a projected deficit of 1.62 trillion)
Reply Hide All See All 3 RepliesYou do realize that trillions could be saved if we just weren't in a war in the first place, right? Or are you just as retarded as your gun-humping brethren down south? Obama inherited Bush's shit-tastic deregulation-obsessed administration. He got rid of all the regulations that kept banks from NOT pulling s**t like the S&L Scandal of the 80s. And look what happened. Saying this is Obama's fault is like saying Jimmy Carter caused Iran-Contra. Doesn't make sense, does it?
hamsterjelly, maybe you missed what's been happening around here in the last 10 years. Bush didn't 'deregulate' jack-shit, that was all congress, and then, from 2003 to 2007, any attempt, no matter how bi-partisan, to tighten regulation, SPECIFICALLY ON the f*****g subprime mortgages which kicked off this recession, was met by calls of 'racism' from Franklin Raines and the Democrat party, including Barack Obama.
Obama inherited the 'deregulation obssessed administration' from his fellow democrats, and Bush, sadly, went along trying to play at being a bipartisan leader (which, when you look back at his presidency, was a huge mistake every time). And banks, of course, went along because A) Some were cool making imaginary profit off of loans that would never be repaid, and B)the rest were afraid of the ACLU and NAACP lawsuits hat would have forced them to make those loans.
Your belief that George Bush singlehandedly destroyed the economy is hilarious. He's not like Obama, who regularly tells congress exactly what to do. He gave input a few times, and the rest of the time kept to his own duties.
By the way, by the end of this [fiscal] year, Obama will have spent more money in deficit than the actual cost of those two wars. So, 2 wars about 10 years in length are EQUALLY costly to the deficit spending Obama racks up in 2 YEARS.
And do you want to know how to save some money? Ignore everything Obama suggests, scrap the healthcare reform bullshit, scrap all Obama's anti-capitalist plans, and recover the 3/4th of the 'stimulus bill' that won't be spent until democrats need it so they have something to campaign on.
Anti-capitalist? Is there still someone who believes in this sham of an economy?
its crazy to think about half of the human population makes little more than a dollar a day. then you think about what that would actually buy here. we have overinflated values of things because companies add fake sparkles and happiness to every product.
Replylets all be hippies and hug.
Welp, I'm moving to Brazil.
ReplyMaybe I can use the money I still have to buy some nice property in one of the cheaper areas, and then work online somehow.
The seconds the world stops trading oil in dollars, America is fucked. North Korea, Iraq and Iran and maybe Cuba were all planning on changing to Euros to trade oil in when America suddenly put them in the 'Axis of evil' and started getting reaalll pissy. Only Iraq went through with it and got invaded pretty much straight away.
ReplyI don't know how much of that is actually right because I heard it all ages ago so it's all iirc
Bush was a great president, since this says that the ONLY debt added during his presidency was due to inflation, which isn't really his fault. Oh, except that the invasion of Iraq now apparently happened during Obama's administration and Afghanistan apparently never happened.
ReplyHey, great job. I wouldn't have put my name on it either.
Yes, US is in deep s**t, but you americans have a really, really big advantage. That is the mother f*****g dollar. The mother f*****g US dollar is a reserve currency for practically the entire world. When you pay the debt, you pay dollars. And you can just print dollars. Do you get it? If some Eastern European country, let's say Romania, has to pay its debts, and it doesn't have enough dollars, than it will buy dollars from the local market. For this, it will print local money, to buy dollars with. But that will decrease the national currency, so you got inflation for Romania, and this sucks. However, when the US prints money, it's inflation for the entire f*****g world, which means the dollar will decrease by a much smaller degree. When the US is in trouble, everybody pays, not only the americans. Even the EU, even China, even the poorest of countries in some remote corner of Africa. Now, that's badass!
Replywell stated.
Capitalism hasn't failed, because we don't have pure capitalism in this country. The federal reserve bank is what allows the government to keep creating money out of thin air. Read 'End the Fed' by Ron Paul. In order to start having a real, pure market economy, we need to get rid of the federal reserve system. And the banking system now is set up to be half socialist, and half capitalistic. If banks have profits, it's capitalism, if banks have debt, the Fed just makes more. That is why the government 'had to' bail out the banks. This is the third or fourth time we've had to bail out the banks. Goldman Sachs has already been bailed out two times before this.
ReplyEnd the FED!!!
I got to "Ron Paul" and knew the rest of your post was nuts.
Ron Paul is /dreamy/. So, you're saying that the housing bubble was due to over-regulation? Were banks required to trick people into loans they couldn't afford? Did the government force them to sell these toxic assets for a fortune? Were people threatened with jail time if they didn't buy a house they couldn't afford?
Oh, yeah, that's definitely socialism's bad.
Why does the note from China talk about Yen? Can Anyone translate?
ReplyThose marks don't mean anything, everyone knows they just speak Spanish behind our backs.
Yes overcrowded hospitals filled with doctors who don't care while I can barely afford to eat because of my taxes. Viva free health care.
Reply Hide All See All 3 Repliesf****n moron
I don't understand this? R u for free healthcare or against it? Is this sarcasm? Just trying to clarify and understand your comment. Also, some people need to eat less.
hmm, if this is actually true, that you live in a more socialist country, and can't eat because you pay too many taxes, you're doing something wrong. do you have a coke habit or something? like, I'm Canadian, and they take a good share but you obviously have enough to eat. and do a lot of other things too.
Yes, Rayned0wn, as a Canadian with free healthcare, I am currently starving and cannot afford more vacation than the average American, internet, or a computer Because my taxes are insane.
I also have to wait 6 months in line for my dislocated jaw I received from wrestling a polar bear.
I live in an igloo.
This is why you should live in canada. Then maybe all them fatass americans can finally get health coverage for all those barfights and heart attacks.
Reply Hide All See All 3 RepliesI would take barfights and heart attacks over Sasquatch attacks any day.
@gysmo1 Sasquatch ain't so tough. Just give him a good hoof in the balls and he'll play nice.
Ok you heard the man. time to pack up and go to Canada, AMERICANS, HOOOOOO! Skew our home and country its time to abandon everything and go to Canada! Then when the Canadians see that all of America is coming over they'll say "o s**t it actually worked" then all the canadians will come over to where the Americans just lived and will basically trade spots and then the'll yell at us "HA TRICKED YA" and then us americans will say "GOD f*****g DAMNIT" then the new canadian inhabited america will clean up our Iraq war and all our debt (our debt that is now theirs cus now they own america). So now the american inhabited canada will have a canadian revolution and then a canadian civil war then a canadian stock market depression then eventually we will be at the point where canada is the USA of today and the canadian US has become the canada of today and then the canada-US will do the same thing with an internet article and trick canada into trading countries again. This process will repeate every 250 years for all eternity, now and foever.