Drowning In Debt - 12.05.14

The Wake Up Call show

Summary: $18 trillion in debt! Yes, we’ve arrived at that figure within the last week. Extinguishing some of the lies surrounding this that you will have been told or that you red in the press. Failed policies have brought the U.S. to its knees. And yet, this is only the beginning. Bernanke’s ‘experiments’ with QE have brought precisely nothing in terms of new wealth. This is terminal. They never discuss the consequences… because they don’t know what to say! The entire project is insane and built on an absurd construct. Talking about moving abroad and how to pluck up the courage to do so. Derivatives explained through the unfortunatel, real-life application of the oil market. The stock market itself: highly overbought, an accident waiting to happen… yet the stock market goes from strength to strength. More on the debt. The odious Alan Greenspan was interviewed recently and asked  what would happen in the future, His answer: “the central banks have no idea what they’re doing”. That’s a little rich coming from a moron who didn’t know what he was doing either! Capitalism has been entirely eviscerated by the Fed and the government.