Was there a plot to kill Bush in Chile?, page 3
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reply posted on 21-11-2004 @ 12:58 AM by edsinger
Originally posted by titian
Originally posted by marg6043we are in the verge of bankruptcy


Can you elaborate on this using factual data/links and not those indie sites that brilliantly display that anyone can take statistics and manipulate them to their advantage?


She can not undertand what power a $10 Trillion dollar economy has, a total of 8 trillion in debt, with only 1-2 Trillion owed to outside concerns.



Another way is by the percentage of debt in relation to the gross domestic product In economics, the gross domestic product (GDP) is a measure of the amount of the economic production of a particular territory in financial capital terms during a specific time period.


Definition GDP is defined as the total value of all goods and services produced within that territory during a specified period (most commonly, per year). GDP differs from gross national product in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it.
..... Click the link for more information. . By this measure, the national debt taken during the World War II World War II was the most extensive and costly armed conflict in the history of the world, involving the great majority of the world's nations, being fought simultaneously in several major theatres, and costing approximately 55.5 million lives. The war was fought between two groups of powers: the alliance of the British Commonwealth, United States, Soviet Union, China, and the governments-in-exile of France, Poland, and other occupied European countries—collectively known as the Allies; and the alliance of Germany, Italy, and Japan and their allies —collectively known as the Axis.
..... Click the link for more information. (about 125% of GDP) started first decreasing sharply, then by mid 1950s the rate was slowing down and by 1964 the ratio had reached it's pre-war figure (32% of GDP). In the beginning of 1980 the debt started rising again and in 2002 the debt was about 60% of the GDP. The debt of United States is much lower than what it is in many other developed countries, such as Japan and many parts of the western Europe, where the debt is generally over 100% of GDP.


How bad is the debt?


reply posted on 21-11-2004 @ 12:59 AM by Jamuhn
Originally posted by titian
Originally posted by marg6043we are in the verge of bankruptcy


Can you elaborate on this using factual data/links and not those indie sites that brilliantly display that anyone can take statistics and manipulate them to their advantage?


Hey, we are already bankrupt!

iresist.com...

"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only..."


The US is a bankrupt corporation and de facto government.

[edit on 21-11-2004 by Jamuhn]


reply posted on 21-11-2004 @ 01:10 AM by titian
Originally posted by Jamuhn
Heh, we are already bankrupt!

iresist.com...

The US is a bankrupt corporation and de facto government.


Um, you're quoting a speech from an ex-congressman who was expelled from the house for ethics violations and is in jail for another six years.


Less than week after being expelled from the U.S. House of Representatives, former Congressman James Traficant of Ohio was sentenced today to eight years in federal prison for his April 11 conviction on charges of bribery, corruption and tax evasion.


usgovinfo.about.com...

Oh, the one person who voted against his expulsion in the bi-partisan 420-1 vote: The very honorable Gary Condit who had a mistress who mysteriously turned up dead in a Washington DC park.



reply posted on 21-11-2004 @ 01:42 AM by taibunsuu
Originally posted by titian
Originally posted by Jamuhn
Heh, we are already bankrupt!

iresist.com...

The US is a bankrupt corporation and de facto government.


Um, you're quoting a speech from an ex-congressman who was expelled from the house for ethics violations and is in jail for another six years.



Read that speech, and you'll realize why.
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