If we have a deficit that is bigger than our GDP, and we continue this way is there anything to?

Question

say that there is reason for concern?

Will we always just live with a bigger national debt than the GDP?

Nothing says that we can't just live this way indefinitely right?

Would you go so far as to say that debt is the new form of currency?

Answer 1

I am playing big on oil trading. I’m from Morgan Stanly, or Goldman & Sachs, or any big firms on the Wall Street .

I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only $135 a barrel. So here is my difficulty No.1 :

Congress is now investigating on oil speculation, I am afraid of being caught.  But if I sell them right now, I would end up with little or no profit since the trading fees and hedge fund managing cost are not cheap.

I already request my agents send  the spin out to the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon. ”   But it does not work price up as fast as I expected.

So my question is this:  How do I corner the market price up in time so not to get caught by Congress.?

For your info:   Prof. Michael Greenberger’s testimony before Senate makes me very nervous.  He said: ‘If speculation were reined in and trading rules tightened, the cost of crude oil could drop 25 percent.” http://www.mcclatchydc.com/staff/les_blu...

My lobby firm can work Republican party to stall passing the laws, but  I am not sure for how long. I am very fearful and worried. What are the options for me ? Please advise.

Answer 2

Duck and cover . The S--- is about to hit the fan . There will be 85% homeless in this country and the other 15% will live in armed camps . Be prepared and ready .

Answer 3

Just to add to JP's great argument, the Fed is a private bank, it has nothing to do with the federal government. It was put into place in 1913 on December 23rd by banking interests, not congressman. Congress was on Christmas break when the federal reserve act was signed by president Woodrow Wilson, in which he later wrote his deepest regret for literally signing a slave agreement...slavery being debt.

The federal reserve is crashing our economy as we speak. Yes the United States will soon be bankrupt and this will lead to a new form of currency, The Amero, which we will share with Canada and Mexico, losing all of our sovereignty.

As good Americans, we must realize that we are living a lie, our government is lying to us because the elite own them. Until Americans start to understand this, they will continue to call people like us unpatriotic radicals and continue to live their lives under slavery (debt).