Youtube video of George Carlin telling the truth about
the people who own this country.

They are coming for your Social Security.


http://www.youtube.com/watch?v=03mYM7nKrf0&feature=player_embedded

Carlin had a way of cutting through the BS and saying what needs to be said with no apologies while putting a smile on your face!

Sure did, can only imagine what he'd think of the mess going on now just a few short years after his passing.

The War On Democracy by John Pilger

This is a very long video to watch. I know not very many people will watch it. It is how the United States has waged war on real Democracy in the past and installed dictators who will cooperate with them; and how now they are proceeding to get rid of dictators and install their own kind of controlled democracy. This is the agenda of the brotherhood and the bankers who are currently in power. They are ruthless.

It will give you a shock. So don't watch it if you would rather take the blue pill of blissful ignorance.

It tells the story of Venezuela and their failed attempt at a coup.
Also stories of Bolivia, Guatemala, Chili, Cuba, etc.

It is sad, frightening, and life changing. Enter at your own risk.

http://www.youtube.com/watch?v=rpbWNUGUBNo&feature=player_embedded#at=5508

http://www.youtube.com/watch?v=rpbWNUGUBNo&feature=player_embedded#at=5508

I went to a Carlin show once in 1994.

I knew he was a comedian. Saw some of his clips. We were in college and all my friends and I went.

His warm up act had people rolling in the aisles. Found Carlin to be a blow hard extraordinarily liberal conservative hating man. He went on a few tirades in his show. At the end where he expected laughs you could hear crickets chirping. He bombed big time.

We went to laugh, not to get a lecture on politics.

Everyone without question said his warm up was worth the show, but if it was just Carlin, we would have asked for our money back.

Yeh, he really used to be funnier. I watched a special he did via netflix and he was not funny. He is cynical and out of touch. But he is in touch with what he says here.... however none of it is funny.

What happens if America can't pay its bills?

To whom do we owe money?

Of the U.S. debt owned by foreigners, central banks own 64% with private investors owning nearly all the rest ( Analytical Perspectives - Budget of the United States Government, Fiscal Year 2006 p. 257 ). As of the end of 2006, U.S. treasuries made up 33% of Mainland China's official foreign exchange reserves and 68% of Japan's!

The Federal Reserve

The Intergovernmental Holdings section refers primarily to governmental borrowing from the Federal Reserve. This is sometimes referred to incorrectly as "the government borrowing from itself".

To begin with, the twelve regional Federal Reserve Banks are private institutions operating collectively in a quasi-governmental capacity. When the government spends more than it receives in tax revenue, it experiences a budget deficit. To make up this shortfall, it issues new debt. This takes the form of treasuries that are sold on the open market. When there is not sufficient interest in the open market to buy up the required number of treasuries, the government will turn to the Federal Reserve, otherwise known as the "lender of the last resort".

When the government "borrows" from the Federal Reserve, both the treasuries and the money are literally created out of thin air. These newly acquired government securities increase the assets of the Federal Reserve Bank. This enables it to lend out many times that amount through the fractional reserve banking system. The process, known as "monetizing the debt", is inflationary.

For example, let us assume that the legislated reserve ratio is 10% and the government requires US$10 billion from the Federal Reserve to cover a shortfall. The government creates US$10 billion in government bonds to give to the Federal Reserve who issues US$10 billion in newly created money to the government. Interest payments on these bonds are paid for by tax revenue and/or additional deficit spending. The Federal Reserve may now legally lend out US$100 billion.

This credit expansion as a direct result of the U.S. government borrowing from the Federal Reserve dilutes the value of all outstanding currency. When the value of the dollar goes down, prices go up. In effect, it is theft from everyone who holds U.S. currency because they can now buy less with it today than they could have befo



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