the United States the Poorest Nation on Earth

www.cia.gov...

Read the above any tell me if you agree that the idea that the United States is the richest nation on Earth is just rubbish. The USA has a current account balance of well in excess of this pre-stimulus old 2008 figure of:

$ -568,800,000,000 but the reality is closer to -1.3 trillion

Remember that we currently have no manufacturing base, little value left in our currency, and one of the lowest personal savings rate on the planet as well.

China which we still consider undeveloped had a 2008 account balance of:

$ 368,200,000,000

Most of which is our debt paper with which they are restricted to what they can buy with it in the United States.

Nations are lining up to stop trading in the US debt paper and are trying not to be the ones left holding a bag of worthless paper.

Now as many of you know US treasury debt is in such low demand on the open market that the FED has been stealth monetizing the debt with T-bill buy backs of thier near worthless debt paper

www.chrismartenson.com...

When a nation has to buy your their own debt back from auction then it has officially turned to more worthless than the paper it is printed on.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)

It could not be truer at present than in those words written more than 200+ years ago by the man who was one of our greatest founding fathers in my opinion. With all his flaws he sure was right on this point.

What interests me is

... what form do the billions given by the US taxpayer to Israel each year take ? Does Israel get the money in 'worthless paper' .. or something more substantial ?

Stars and flags to you

How come MSM keeps telling us things are getting better

We are not worthy of "banana republic' status

reply to post by St Vaast

I think most of their direct aid is in the form of military hardware. They get the money to buy US weapons. The one part of our manufacturing base that is still pretty much doing OK.

reply to post by huntergatherer


The strings that manipulate the controlled MSM marionette coin operated corporatist spit bags is starting to show to even the simplest and willfully ignorant of the citizen in the United States I think. Finally!

Those of us that have been told for years that we were just way out there with our conspiracy stuff are starting to look more on the mark. For way too long we were the only ones that were paying close enough attention to what is going on to realize our situation.

My how the things have change of late.

Yeah, it's funny how six months and a new President can reverse everything good and holy.

Can't wait to see what he can foul up in the next six months.

Probably do away with Christmas.

reply to post by dooper


I beg to differ on your first statement

things have steadily gone down hill since JFK

what we all have now has been planned

reply to post by huntergatherer


I have to agree. It seemed to me that when JFK decided to make a stand against the Federal Reserve and the secret societies that it was the beginning of his end.

Google Video Link

reply to post by huntergatherer


Here is a short video on his signing of, Executive Order 11110 and the Warren Commission.



This is just for reference to the reasons that I agree with your premise that this really started with JFK but if I recall there was some stern warning from Eisenhower as well.

The notion of wealth probably shouldn't be measured by the amount of money a country has, but by the amount of natural resources and its standard of living - or even, its *quality* of living, though that's much harder to measure.

The US is by no means the "wealthiest" country in the world any more. We have plenty of natural resources, but we've also squandered many of them. Our standard of living is relatively high, but many countries in Europe have a higher standard of living. Our medical system is broken.

We spend more on medicine per person than any other country, yet this doesn't translate into better health. According to the CIA Factbook, we rank as #46 in infant mortality, coming in after Cuba. That means that Cuba's infant mortality rate is lower than ours. Believe me, they don't spend anything close to what we do for medical care, yet they lose fewer newborns than we do. Something is wrong.

Overall, we don't look so good compared to more enlightened countries like Iceland, Singapore, and Cuba.

reply to post by wayouttheredude


America keeps borrowing, don't you find it odd? Well I don't, America is hoping that after all that borrowing she can get away with it through a massive war, and America has alot of enemies and alot of weapons of mass destruction stacked up which needs to be used before it becomes out of date. One big war can rid the whole deth America owes the world. That is the only explanation I can come up with.

reply to post by dooper


Nice try. It has always been the idiot Conservatives that's bringing your country down.

Idiots who can't think first before they type.

reply to post by wayouttheredude


Try living in a starving nation before you lay claim to being the poorest.

A lot of countries are much poorer.

reply to post by spellbound


There are a lot of starving in the US right now. And now that oil is rising up again...

Wait for it...wait for it...

The USA is a wealthy country with a hige standard of living... at the moment. It should not be forgotten that Iceland was rated the nation with the highest standard of living in the world by the UN the very same year their economy collapsed.

Wow that is interesting. We are severally broke!! China is mega rich! We are mega screwed!

Many of the people of this country live on credit. IMO that is what started all of this! If you cant pay for it with cash or money you already have then you DONT need it!

reply to post by wayouttheredude


Autowrench:
Very true, but there is another thing Kennedy was planning to do also, and that was to release all of the information, even though it was not a lot, about UFOs/Aliens to the American people.He had to go, TPTB decided, and there people who stand and work behind the scenes are your real enemy. Presidents and politicians come and go, but these people are always there, and they control every aspect of what our visible government does. Kennedy spoke about these people too...

As others have stated, you have to consider how a nations "wealth" is measured.

If it's financially, yep, you're screwed, just like us in the UK. Our Pensions are currently void, pretty much. My generation will only survive in later years by making a mint now and keeping hold of it in gold, or, creating a new value system not connected to monetary wealth.

If it is judged in standards of living, America is doing okay. Not great, because standards are quickly dropping significantly, but okay.

It baffles me how billions of people are completely lost when it comes to discussing the financial situation our nations find ourselves in. We really are completely bankrupt already. But people don't consider it until it directly affects them.

I think all of us are just waiting for that moment when the penny finally drops, when something happens to make all Americans aware of just how messed up the financial system is, that's when revolution is really a possibility.

And, at the moment, I think that will come when there's a fuel crisis, or the credit card companies start to fall one by one.
People are still living off of their credit cards. It's not possible for an entire generation to just give up on credit. That is the only thing keeping a lid on what's really happening, and as soon as a credit card company finds that it has billions in unpaid debts, and that it isn't going to claw any of that back from a bankrupt public, the tap will be turned off, then the chaos will really start a week later when people become desperate.

I wouldn't know where to start looking for such info, but I can almost guarantee that if you looked at records for credit card companies over the last year, nationally, you'd see far fewer purchases on luxury goods and more on the weekly food shop. And I'll bet repayments are significantly dropping off the chart alongside it.

That should be a warning to any nation. If the basics to survive are now being paid by loan, and that loan is not being paid back, there is something fatally wrong with the nations economy.

As in debt as the US is when our credit dries up, and it will, we are screwed. Those who think we are rich will find that out when we are paying for a loaf of bread with a wheel barrel full of dollar bills or they suddenly do a Mexico style round up of 3 zeros on your bank accounts.

There will be starvation in the United States and it will likely start to really take off in the next 12 to 18 months for the currently unemployed and underemployed with many more to follow as their savings are cut to shreds with hyper inflation. There is no escape from it if you have not already prepared in my opinion.

Originally posted by wayouttheredude
As in debt as the US is when our credit dries up, and it will, we are screwed. Those who think we are rich will find that out when we are paying for a loaf of bread with a wheel barrel full of dollar bills or they suddenly do a Mexico style round up of 3 zeros on your bank accounts.

There will be starvation in the United States and it will likely start to really take off in the next 12 to 18 months for the currently unemployed and underemployed with many more to follow as their savings are cut to shreds with hyper inflation. There is no escape from it if you have not already prepared in my opinion.

Would an escape to Canada help?