In essence the US is bankrupt, but how will it go about filing for bankruptcy? There are 2 ways – one is to default on its debts. This would create a massive convulsion and crash the markets, leading to an almost instant depression. This is not so attractive to politicians or the elites as it […]
Posts Tagged ‘bankruptcy’
The undeclared creeping US bankruptcy
January 5, 201150 Facts about the US Economy you may not want to know
December 29, 2010The following are 50 very revealing statistics about the U.S. economy: #50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars […]
If Uncle Sam was a real person, he would declare bankruptcy
April 21, 2010The FDIC shut down a record 140 banks across the States last year, and is itself running low on cash. Last year the Pension Benefit Guaranty Corporation figured its fund was running a $34 billion deficit. Federal pensions are underfunded by $1 trillion. State and local retirement funds are short about $3 trillion. Uncle Sam’s […]
The Tragic State of the United States: “It’s like we are living in a Third World country”
November 23, 2009The following is an edited excerpt from the Amped Status report, “The Critical Unraveling of U.S. Society.” 1. The gap between the top 1 percent and the remaining 99 percent of the U.S. population has grown to a record high. 2. The three big banks that took taxpayer money and benefited the most from the […]
Bin Laden: Goal to Bankrupt U.S.
September 21, 2009The Arabic-language network Al-Jazeera released a full transcript Monday of the most recent videotape from Osama bin Laden in which the head of al Qaeda said his group’s goal is to force America into bankruptcy. “We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great […]
