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re: Stephen Cohen on Batchelor show . Odessa is key …
http://russia-insider.com/en/politics/united-states-sliding-war-ukraine-it-did-vietnam/ri9209
Off topic, but at the same time informative about the US dreamed World war3
looks like is in peril – financially
August 14, 2015
Istanbul, Turkey
Just a few weeks ago, US talk show host Stephen Colbert was asked if he thought that Donald Trump had a chance of becoming President of the United States.
Colbert responded sincerely. “Honestly, he could. And that’s not an opinion of Trump. That’s my opinion of our nation.”
He’s right. The Land of the Free may very well be ready for something completely different. And Trump certainly seems able to deliver.
He is, after all, unique in his field. Donald Trump has never served in politics, and his blunt style is almost the exact opposite of every other major candidate.
But there’s one thing that really sets him apart, that, in my opinion, makes him the most qualified person for the job:
Donald Trump is an expert at declaring bankruptcy.
When the going gets tough, Trump stiffs his creditors. He’s done it four times!
Candidly, this is precisely what the Land of the Free needs right now: someone who can stop beating around the bush and just get on with it already.
As history shows, a default is inevitable.
The calculus is quite simple: when governments take on too much debt, they start having to divert a huge amount of their tax revenue just to pay interest.
This means that, at a minimum, the government has to sacrifice many of the promises they made to their citizens. They cut other programs in order to have enough money to pay interest.
But that’s not too popular. So instead they typically just borrow more money… until they’re borrowing money just to pay interest on money they’ve already borrowed.
This makes the problem exponentially worse.
Debt skyrockets. And soon the government is spending more on interest payments than national defense. (The US is almost at this point).
Eventually a bankrupt government has no choice: either default on their bondholders, or default on the obligations they made to their citizens. Or both.
This could take the form of a ‘selective default’. For example, the US government could default on the $2.4 trillion that it owes the Federal Reserve.
Or the $1.2 trillion that it owes China.
These are both possibilities.
But the prospect of default on “risk free” US government bonds would throw the global financial system into a tailspin; not to mention it would be the final nail in the coffin for the US dollar’s dominant reserve status.
Fortunately there are easier options for Uncle Sam.
The biggest debts that are owed by the US government are the obligations they owe to you.
Specifically, all the benefits like Social Security and Medicare they promised to American taxpayers.
The US government’s own numbers estimate these obligations at nearly $42 TRILLION, completely dwarfing what they owe China, or anyone else.
Then there’s the obligation they have to preserve the purchasing power of the $12 trillion held by the American people.
That’s the current value of the money supply in the United States right now.
History shows that debasing a nation’s currency is one of the easiest and most effective ways for bankrupt governments to plunder their citizens’ wealth, little by little over time.
As I explain in today’s podcast, the hard reality that most people don’t seem to get is that the US government is bankrupt.
This isn’t some wild assertion or conspiracy theory; their own financial statements show that the government’s ‘net worth’ is NEGATIVE $17.7 trillion.
And yes, the US is already borrowing money just to pay interest.
In fact the combined expenses of interest on the debt plus mandatory entitlements like Social Security nearly exceed their entire tax revenue.
In other words, you could eliminate nearly everything we think of as government– the EPA, the IRS, Homeland Security, etc. and it wouldn’t make a dent in the national debt.
When things get this dire, it doesn’t matter who sits in the chair.
You might as well elect a chimpanzee in the hopes that Mister Bubbles might accelerate the decline.
Donald Trump may very well be that chimpanzee. Especially given his unparalleled experience in declaring bankruptcy.
Nations that pass the economic point of no return can’t rebuild until they hit rock bottom.
And the US is way past that point. So let’s get on with it already and hit the reset button.
Join me for more in today’s podcast as I break down the details of the US government’s $60 trillion in liabilities– and what you can do about it.
Enjoy your weekend,
Simon Black
Founder, SovereignMan.com
Some people say that something really big is coming. All connected with some religious days of a people fond of anniversaries.
http://www.rt.com/op-edge/312576-september-economy-crash-eclipse/
“As I explain in today’s podcast, the hard reality that most people don’t seem to get is that the US government is bankrupt.
This isn’t some wild assertion or conspiracy theory; their own financial statements show that the government’s ‘net worth’ is NEGATIVE $17.7 trillion.”
The US government can’t be bankrupt. It can be in financial trouble but can never be forced to default because it creates dollars as sovereign fiat currency. Saying it’s bankrupt is like saying a teacher has run out of grades to give students.
Social Security is solvent — that stuff about it being not solvent is right wing noise.
The problem with the US is not monetary but fiscal and political, and with foreign and domestic policies, and with having destroyed much of the tangible infrastructure needed for production and full employment.
You need to learn some monetary and banking theory and decent economics.
Interesting headline…I know Medvedev is working for United Russia and now the party doesn’t want to use Putin as there leader…hmm
http://www.rt.com/politics/312343-united-russia-will-not-use/
It might mean that Putin finally is going to retire from politics! It will be a loss for Russia but it would revitalising the russian politic scene! Medvedev as the president earlier showed in 2008, during the Georgian crisis, that he have the capability too deal with the warmongers in USA so I am not worried about Putins retirement. And Putin surely stays as an advisor if needed.
Have to read the article:
for instance:
“Russian elections law requires that any political party or movement that intends to use an image of any person in its campaign materials needs to get the written consent of that person. In 2011, Putin gave his consent to United Russia to use his image. However, after his re-election as president, Putin started to distance himself from his main political allies and became closer to the United Popular Front movement – an alliance of people who agreed with Putin’s political course, but chose not to join United Russia or any other political party.”
Blue, is United Political Front…the Russia United party ?
I’m not sure I can keep it all straight, but see
http://rbth.com/politics/2013/06/18/putins_popular_front_to_replace_united_russia_27187.html
Putin’s Popular Front to replace United Russia?
June 18, 2013 Yulia Ponomareva, RBTH
Vladimir Putin welcomes wary supporters of United Russia to the Russian Popular Front.
…
Popular Front is a coalition of organizations, unions, social and political institutions, which includes, for all intents and purposes, United Russia.
Russian politicians to set up their own schools
Read more: Russian politicians to set up their own schools
“If you are for Putin, you are for the Front” – this succinct slogan on the People’s Front billboard captures the very essence of the project.
“The administration is now aiming to put together a new platform for Putin to run, possibly, for his fourth term, and to create a banner providing him with a background against which he could campaign,” said political expert Boris Makarenko.
…
Hi Ann,
As one of the commentators said:
“Putin is Russian President and Russian presidential elections will be in 2018. These upcoming 2016 elections are for legislative elections for 450 seats in the State Duma, so Putin is not involved at all…”
I think that is why they aren’t using his picture and shouldn’t really. Nothing more to be said really – even though trolls will twist this.
Rgds,
Veritas
thanks Veritas….yes, Medvedev is part of United Russia and perhaps Putin is not so involved in that group anymore…I’m not sure what the relationship is between those two as far as real politik goes.
Let’s settle this with tank jousting: Pro-Russia rebels challenge Ukraine government to ultimate showdown to end two-year conflict that has killed 7,000
Pro-Russian rebels challenged government to one-to-one ‘champion’ battle
Tank Biathlon sees teams navigate obstacles while firing at targets
It was invented in Russia in 2013 for training and demonstrating power
Russia hosting separate biathlon final of International Army Games today
By IMOGEN CALDERWOOD FOR MAILONLINE
PUBLISHED: 10:48, 15 August 2015 | UPDATED: 10:48, 15 August 2015
“Ukraine’s pro-Russian rebels have challenged the government to a tank biathlon in a ‘clash of the titans’ event to end the ongoing conflict.
In a challenge reminiscent of gladiator battles or the Siege of Troy, the rebels have suggested the two sides pit their strongest champions against each other in a one-to-one tank battle.
But the Ukraine government have dismissed the challenge as ‘the height of madness’.
‘We call on your champions to compete in a tank biathlon,’ said Major Petr Ruchov, commander of the 1st tank battalion with the self-proclaimed Donetsk People’s Republic.”
Read more: http://www.dailymail.co.uk/news/article-3199106/Pro-Russia-rebels-challenge-Ukraine-government-ultimate-tank-showdown-end-conflict.html#ixzz3iskHUUtS
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what????????????????????????
Hahaha,I think its an excellent idea.
Lol I dont understand why they would even offer that challenge but it sure is funny lol.
Nothing to see here folks!
Move along.
Obvious for the longest time that China always was & is the mark, since Russia is completely locked down, complicit & owned.
I mean, if Lavrov himself throwing his hissy fit of frustration hasn’t clued you in, nothing will by now.
Meanwhile, as mentioned yesterday in a post that got deleted even before posting, China got their 811, I mean 411, maybe 311 or was it 911, & NOBODY any site anywhere has mentioned it!
It was absolutely a random “chemical warehouse” that went up. Sure!
US Places B-2 Bombers In Guam To Provoke China – Episode 741b
https://www.youtube.com/watch?v=79a_kIAWOK0
Your previous post may have been deleted due to being provocative. I’m approving this one because it has some interesting info, but please be more polite in future comments. Things like your Lavrov-bashing above are not appreciated and might lead to a comment ending up in the trash bin. /Mod
Thanks, Mod! Always good to see someone willing to separate the wheat from the chaff so we don’t have to.
I believe the formation and beginning of the East Block BRIC bank, if successful and additional nations follow suit, the Rothschild-Usury U$ FIAT-Trade-Deficit-Dollar will join the EURO in histories land fill. No amount of AIPAC owned Western Media (propaganda) will offset the fall of Elite Fascism, including NWO ambitions now obvious to anyone with an intellect.