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America is NOT broke
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America is NOT broke

  #21 (permalink)
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Margret Thatcher, the former Prime Minister of Great Britain, once said "The problem with socialism is that eventually you run out of other people's money."

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  #22 (permalink)
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shodson View Post
We can debate whether we are poor or not, but I think it's hard to argue against the fact that the GOVT is broke.

Hi Scott,

Thx for the info, I went through the whole video and was impressed by its contents, althgough I agree with some parts of the analysis, the author Frank Porter Stansberry is advertising a newsletter subscription which is in contrast with all the info Frank is pretending to give for free in the video. I made a research myself and discovered that Frank Porter Stansberry was convicted of stock fraud by the United States District Court for the District of Maryland, you can find a full documentation here Publisher Contact Information: Stansberry & Ass. Green Laser Reviews?"What Newsletter Promoters Don't Want You to Know"

I don't want to judge the guy, if he is beeing persecuted or is the persucator, but for sure he is not 100% clean and this changes the whole perspective of the video.

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  #23 (permalink)
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Bill Gross United States of Bankruptcy?

http://goldsilver.com/news/no-way-out-of-debt-trap-pimco-s-bill-gross-says-u-s-living-standards-doomed-to-fall/


Last edited by redratsal; March 9th, 2011 at 11:37 AM.
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  #24 (permalink)
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Socialism for the rich


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Margret Thatcher, the former Prime Minister of Great Britain, once said "The problem with socialism is that eventually you run out of other people's money."

You mean AIG ...? or the American Government bailing out the banks?

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  #25 (permalink)
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Micheal makes some good points about corruption, but I don't see how supporting unions for government workers helps any of that. In my view, public unions are just another group of people using the power of government to enrich themselves at my expense. Its wrong when corporations do it and its equaly wrong when unions do it. These government workers make far better wages and have far more retirement security than many of the poor workers whose wages are confiscated to pay for it all.

So while I hope the governor is successful in his efforts to break the public unions, I agree his 'privatization' efforts look suspicious and probably corrupt. Giving taxpayer money to your supporters via no bid contracts is just as bad as giving it to public unions in return for their support.

The solution to both problems is having less government altogether. Less money, less power, less control for the corporations and unions to corrupt and use for their own ends. I don't believe there is any such thing as a large powerful government that is not corrupt. Power and corruption go hand in hand and the only way to prevent corruption in my view, is to prevent large concentrations of power in the first place.

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  #26 (permalink)
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Agree!!!!

100% Yah, what he said!!!!

Of all my friends who gravitate towards government power, they tend to be the most ethically corrupt. NO DOUBT. They don't think they are, but THEY ARE!!!

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  #27 (permalink)
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Zionist government, banks and corporations are the evil. Until they have power there will be nothing good for usual people. Those people in power are reptiles actually they are not humanoids.

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