11 facts Obama and Bernake dont want you to think about.

by: Martin Weiss Phd. SafeMoney Report

FACT #1: The official national debt now stands at $12.68 trillion — an amount equal to about 88.5% of all the goods and services our economy produces in an entire year.

FACT #2: Contingent obligations for Social Security, Medicare, Medicaid, veterans, and pensions now stand at an additional $108 trillion over and above the "official" national debt.

FACT #3: State, county and local governments are nearly $3 trillion in debt. Many can't pay and will ultimately demand that Washington assume responsibility for that debt as well.

www.moneyandmarkets.com...

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[edit on 5/4/2010 by Mirthful Me]

reply to post by Anti-Evil


Please back these facts up with links, to validate your claim... I believe you, But the I love Obama crowd may not....

As we know Bernanke served under Bush as well.


Great thanks for the Links.... Excellent find.

[edit on 5-4-2010 by poedxsoldiervet]

The facts are accurate and available to anyone willing to look for them. The obamabots won't bother to look for them because it would destroy the false construct that they have created around their messiah. The country is broke, not GOING broke, but IS ALREADY broke! The floor falls out of this thing THIS year! I'm prepared... are you!?

reply to post by kozmo


I meant the story he posted this from. He has the authors name but no link to the actual story.


Great thanks for the Links.... Excellent find.

[edit on 5-4-2010 by poedxsoldiervet]

www.moneyandmarkets.com...

Always post a link with threads like this.

Not to mention China has not shown up at the Treasury auctions the last 2 months where in March alone, the USA sold 333 Billion in T-bonds which was more than we auctioned all year 2005.

"Yes We Can, Yes We Can, Yes We Can," die.

More facts Obama and Bernanke don't want you to think about

1.) Throughout history the issuance of fiat money has been directly linked to the fall of those nations who relied upon it, and for those who did not fall, it was because they rejected it before it destroyed them. Fiat is useless money and too easily can create a situation where hyperinflation become such a crisis your paper money will be cheaper to use than toilet paper.

2.) That your rights are inalienable and non-negotiable.

3.) That the Constitution was drawn up and enacted to form and restrain government not outline your rights, and in no way prohibits you from doing anything, other than the 13th Amendment, and the ill fated 18th Amendment, and whatever it is prohibiting is directed towards the ambitions of office holders in government.

4.) Congress was mandated to coin money, fix the standard of weights and measures so whatever commodity of intrinsic value they are using to back the money can be accurately weighed by standards all agree upon.

5.) That the Office of the President was never created that he, (or she), may become "the most powerful man in the free world".

6.) That Congress can abolish the Federal Reserve anytime they care to repeal the laws that authorized that boondogle, and with the stroke of a pen, the President can approve of this repealed law.

7.) That this government was created to serve you not the other way around.

8.) That you still hold, as you always have, the inherent political power in this country.

9.) That you need not wait for bad legislation to be challenged and reach the Supreme Court, as people can across the nation, in every state, when acting as a member of a jury, insist on a not guilty verdict for every pointless victimless crime Congress has endeavored to invent.

10.) That you can, when fortunate enough to serve upon a Grand Jury, refuse to indict any person who has been charged with a stupid and pointless victimless crime.

11.) That your natural rights belong to you with or without a government, and it matters not what color your skin is, or how you worship, or your political creed, nor does it matter who your having sex with or what gender you are, they want you to keep referring to your rights as civil rights, and keep thinking these are rights granted by government, when all they can offer you is privilege. They don't want you to know that you don't need them in order to be free.