Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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I enjoyed the Paul Oneal portion. Seems to be a pretty good documentary. I'm guessing it bypasses the truth about the Federal Reserve and our fiat currency though. Certainly reinforces my view that a monumental tax hike is coming down the pike.
I watched this video and understood everything that was presented. I could follow it all because I kept up with it all and understood everything that was said.
In fact, there wasn't even one statement that was said that I wasn't already aware of.
I don't think that's the case with the general American public. They're in gentle terms - "stupid". I am temporarily in another country where the literacy rate is in the high 99 percentile. What is America's - less than 75%. Yhe US is a Failing Nation.
This film, momumental and important as it is will "fly over the heads" of most Americans. They will not get much out of it because they don't have the intellectual tools to understand it. Even, my post graduate, post doctorate office partner, I know will not grasp it's full meaning, because he doesn't have the background knowledge to realize what's going on with the defunct US.
Randy, thanks for keeping coming up with things. You are my 2nd most watched site.
5 comments:
I enjoyed the Paul Oneal portion. Seems to be a pretty good documentary. I'm guessing it bypasses the truth about the Federal Reserve and our fiat currency though. Certainly reinforces my view that a monumental tax hike is coming down the pike.
I watched this video and understood everything that was presented. I could follow it all because I kept up with it all and understood everything that was said.
In fact, there wasn't even one statement that was said that I wasn't already aware of.
I don't think that's the case with the general American public. They're in gentle terms - "stupid". I am temporarily in another country where the literacy rate is in the high 99 percentile. What is America's - less than 75%. Yhe US is a Failing Nation.
This film, momumental and important as it is will "fly over the heads" of most Americans. They will not get much out of it because they don't have the intellectual tools to understand it. Even, my post graduate, post doctorate office partner, I know will not grasp it's full meaning, because he doesn't have the background knowledge to realize what's going on with the defunct US.
Randy, thanks for keeping coming up with things. You are my 2nd most watched site.
Though most of the info came as a refresher, I too thought it was a good video.
Plan to place the link on the right side of my blog under "Must watch" at a later date.
Scary - This documentary was produced in Aug 2007 and our Natioal Debt was $8.6 Trillion... Now a mere 1 year later, Debt is > $10.5T.
Dre - my pleasure
A really well laid out description of the depression.
Nice charting
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