Our economic and government debt problems, and how we are completely screwed explained by a Canadian in a little more than 9 minutes.
A must see video.
A Canadian Summarizes America’s Collapse: “Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless”
Submitted by Tyler Durden on 12/26/2012
On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European ‘wealth’ noting that “Once the US citizen is in debt, the US government encourages them to stay in debt,” noting that “the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it.” His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that “through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex.” From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Must watch.
“By 2020, the US Government will be spending more annually on debt interest than the total combined military budgets of China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel.”
“Through government spending the indulgence of one is the burden of another; through government borrowing, the excess of one generation becomes the yoke of the next; through international bailouts, one nation’s extravagance becomes another nation’s debt”
“Everyone takes, nobody makes, work doesn’t pay, indulgence doesn’t cost, money is free, and money is worthless.”
ecliptix543 says:
Holy shit Batman!! If the Canucks have it figured out, we’re definitely, totally, completely, and terminally FUCKED!!!
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27th December 2012 at 8:59 pm
Administrator says:
“We’ll know our disinformation program is complete when everything the US public believes is false.”
-William J. Casey, 1981
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27th December 2012 at 9:29 pm
BiggyTmofo says:
Email this to my father to pass around and put it on twitter and FB to let the morons out there know what is really going on. This guy is willing to tell the truth that we are fucked in the short and long run.
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27th December 2012 at 10:56 pm
Stucky says:
We’ll be invading Canada for their resources before to long. What do they have to say about that?
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27th December 2012 at 11:13 pm
SSS says:
“We’ll know our disinformation program is complete when everything the US public believes is false.”
-William J. Casey, 1981
as posted by Admin in a comment above
Admin’s on a roll in posting bullshit. First, a totally unverifiable and derogatory comment about the CIA by Harry Truman followed by a similar comment by CIA Director Bill Casey.
Short story about Casey. He started a special program of hiring the best and brightest to join the Clandestine Service. No bureaucratic crap such as age limits and the like. Just go get ‘em. It was short-lived as he died thereafter and his successor, William Webster, eventually dropped it.
Fewer than 100 people were hired on a two-year nationwide search, which included extensive media advertisements and a grueling screening process. How do I know this? “The best and brightest” is your first clue. Heh.
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27th December 2012 at 12:00 am
AKAnon says:
SSS-Did the screening process include playing golf?
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27th December 2012 at 2:39 am
ThePessimisticChemist says:
Quite the entertaining speech. Its a shame I have to go to other countries’ news outlets to get actual news.
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27th December 2012 at 11:26 am
Colored Ball says:
Stucky you guys can come and get the resources. Just going to be another big american fuck-up along the way to demise.
What are the 2-3 million survivors going to need with all those igloos
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27th December 2012 at 1:57 pm
SSS says:
“SSS-Did the screening process include playing golf?”
—-AKAnon
Thank goodness, no. I wouldn’t have made it past the second hole before getting the hook.
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27th December 2012 at 6:29 pm