Free Talk Live

We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.

At least someone in America isn't feeling a credit squeeze: Uncle Sam. This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion. In this economy, everyone de-leverages except government.

Good discussion of the difference between inflation, deflation and stagflation, often confused. July 07 2011 Press TV -- In this edition of On the Edge, Max Keiser interviews Steve Keen, economist and author of the book Debunking Economics.

He says that debts have spiraled out of control and the reason is shadow banking system. The program touches on the correlation between the US-EU debt crisis and the worsening Greek economy.

Crazy debt collections gone wild. Threatening children and pets and using the force of government they have no authority to actually do.

Mark Zandi, an economist, called from the airport in Orlando with news: “The fundamentals of the U.S. economy are better than they have been in 15 to 20 years.” As Zandi was delivering his ebullient tidings, the stock market was crashing for the third time in a week, on this day an awful 520 points. Proximity to Mickey Mouse can induce an undue feeling of cheeriness, but Zandi showed me the figures. American households have pared their debt—significantly. Corporations are rolling in cash. Banks are profitable and far better capitalized.

Did you engage in some contractual responsibility? Don't worry kids, we're from the Government, and we're here to help you get out of that nasty agreement you made. Work for our gang and we'll REALLY help! We won't mention where this money is going to come from - rest assured, it's MAGIC money - we're the Government - we pay your debts with MAGIC and pixiedust (which debt gremlins are allergic to... trust us... we only want a bit of your soul... just kidding... sign here.)

Want a big federal Government? Have TOO much money? Love taxes? Wish you could pay more? Well now you can via the pay.gov website. The wonderful bureaucrats over at the treasury department are allowing anyone to voluntarily contribute more of their money to help pay for public debt. Now you and all the other blind nationalist sheep can go on bah bah-ing with each other knowing you did all you could to help YOUR government!

The U.S. Government has been caught conducting an insane amount of vile, inhumane and grisly experiments on humans without their consent and often without their knowledge. So in light of recent news of the U.S. infecting Guatemalans with STDs, here are the 13 most evil, for lack of a better word, cases of human-testing as conducted by the United States of America. Get ready to become one of those conspiracy theory nuts, because after this list, you will never fully trust your government again.

European Debt Crisis explained in pithy 4 min cartoon. No surprise, it was the banks and the government.