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Debt Default Nonsense

National Debt Default Nonsense and sophistry. Analysis.

http://youtu.be/jYVYzEMcsG0



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Great explanation, Jan. Just

Great explanation, Jan.

Just a technical bit of advice... I am a recording engineer, and wanted to let you know that your left and right audio channels for this video are 180 degrees out of phase with each other. This makes it very uncomfortable to listen to. If you flip the phase of either channel, it will completely fix the issue.

Jan Helfeld's picture

Thank you for your support and interest in my work.

Thank you for your support and advice.

Jan Helfeld

Alan Grayson Promoting Ron Paul's Solution to Debt Ceiling

Congressman Alan Grayson (D) Florida is promoting Ron Paul's solution to the debt ceiling crisis...

Ending the debt limit crisis: Dear Ben Bernanke -- By Alan Grayson

http://blogs.reuters.com/great-debate/2013/10/09/ending-the-...

Ed Rombach

Thought I might add this.

I don't think 'they' will default, unless it furthers a plan I don't understand.

Greg points out something here I never considered before. The Viet Nam WAR was fought to get the American People OFF THE GOLD STANDARD. (In hindsight, it makes perfect sense.)


http://youtu.be/Hkksdn5VW7o

JFK Assassination, November 22, 1963, Dallas, TX

The year Silver removed from our currency. 1964

Tonkin Gulf Crisis, August 1964.

Beatles : Hard Days Night : live at Shea Stadium - 1965. pay attention to THIS, not THAT!

yep, the pieces fit.
follow the money.
Cui Bono?

Not me. No benefit here. General welfare not served.

I was in fourth grade and the 22nd was Larry M's birthday. We were nine.

Free includes debt-free!

So this political game of chicken

is being played in bumper cars. Based on what Jan is saying I say we let them crash.

But if they dare try to create anarchy I say we hang them for treason.

Exactly

The politicians and media that use the term "default" are speaking BS propaganda to maintain the status quo of endless money creation by the Federal Reserve and spending by the government.

Thanks Jan I did a similar analysis

http://smaulgld.com/three-possible-outcomes-of-the-u-s-debt-...
It comes down to NOT wanting to prioritize spending -indeed insisting it can't be done. So they threaten essential services and default unless you agree to ALL their spending

Please subscribe to smaulgld.com

Jan Helfeld's picture

Thank you for your support and comment

Thank you for your support and comment

Jan Helfeld

Great explanation Jan!

There is one more point that comes in to play however, our debt based system never has enough money to pay off the debt AND the interest.

The system is desperate to create more money, to pay off the CURRENT debts coming due. The government has become so huge, that the system DEPENDS on continued government growth for it's survival.

I agree that few in Congress understand this concept and are fighting only for their special interests, but the system has a presence on 'the hill', and is a special interest of it's own. Perhaps the most powerful one there.

Jan Helfeld's picture

Thank you for your support and praise.

Thank you for your support and comment

Jan Helfeld

Rand Paul has said they will raise it...

This is just a game both sides are playing. The republicans fund the war machine, and the liberals fund the welfare (corporate and other countries, as well as pet projects.) They are both bad. Stop with the fake in fighting. Besides Justin Amash, and Rand Paul, they are all the same to me.

When did common sense become a super power? –Patrick F. Holman

Since 1940 IRS has spent $10.38 trillion more than collected

IRS feeds itself not the US treasury according to OMB numbers. (see link below)

Free includes debt-free!

Well done, Jan. I found that explanation useful and helpful.

I don't recall Dr. Ron Paul ever stooping to such trickery.

Pursuant to recent discussion on the DP about paying the interest on the debt, I found this table of IRS receipts and outlays.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...

Since 1940 the IRS has receipts of $54,166 billion against outlays of 64,547 for a Net loss of $10,381 billion.

The net loss from 2000 to 2012 is $6,862 billion.

Congress has been spending foolishly.

Free includes debt-free!

Jan Helfeld's picture

Thank you for your support and praise.

Thank you for your support and comment

Jan Helfeld

scawarren's picture

Thanks, Jan you made

Thanks, Jan you made excellent points as you always do :)

It is easier to fool people than to convince them that they have been fooled. – Mark Twain

Excellent points

Its a threat and most of the republicans are too sacred to call his bluff. Another way to look at it is Obama is playing a game of Texas Holdem, and he just went "all in".

Jan, very good perspective, thanks for posting this!

Jan Helfeld's picture

Thank you for your support and praise.

Thank you for your support and praise.

Jan Helfeld

Jan Helfeld's picture

Obama's Sophistry

What do you think of Obama's Sophistry?

Jan Helfeld

That he's able to garner

That he's able to garner support from a majority in such manner is a good argument against democracy.

Obama uses tried and true communitarian methods

Communitarian methods for convincing a gullible population into accepting collectivist ideas usually employ fallacious or specious reasoning.

Combine that sort of "reasoning" with the communitarian obsession with using "Newspeak" type terminology when labeling their endeavors for public consumption (think "Patriot Act") and you have a recipe for swaying public opinion at will.

http://www.thedailybeast.com/articles/2013/06/30/obama-s-shi...

Obama's false arguments are many

I had to look up sophistry. : )
Thanks for boosting my vocabulary.