Thursday , 17 August 2017


1,510,000 Views: A Satirical Look at U.S. Debt Ceiling Limit from a Personal Perspective

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The United States debt limit is explained in this 3:09 satirical video which takes a look at the national debt from a family perspective. Very amusing – very insightful – very troubling.

This video from www.debtlimits.org was produced by Seth William Meier, DP/Edited by Craig Evans, 1st AC Brian Andrews, Sound Mixer Gus Salazar, Written and Directed by Brian Stepanek.

This video is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Help us spread the word – pass it on – [and also read this article which gives a more serious look at what the debt ceiling is and why it is important].

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Related Articles:

1. Insights on the “Debt Ceiling” that Perhaps You Didn’t Know

debt ceiling

The “debt ceiling” has replaced the “fiscal cliff” as the new crisis of the month. The gargantuan debt of the U.S. which – as of this writing – stands at an astounding $16,450,981,484,618 is now slightly above our current national debt ceiling of $16.394 trillion and growing. Let’s take a closer look at what the debt ceiling is and why it is important. Words: 1020

2. Will May 2013 Be the End of the Road for the U.S.?

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Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams. He expects a negative reaction to the U.S. dollar in the next 3 or 4 months leading up to the mid-May deadline for Congress to get the budget and debt ceiling under control. If they do not get their financial house in order by then he believes “it will be the end of the road….as they are not going to have another opportunity”.

3.  Gov’t Debt Will Keep Increasing Until the System Implodes! Are You Ready?

global-financial-crisis

Why are so many politicians around the world declaring that the debt crisis is “over” when debt-to-GDP ratios all over the planet continue to skyrocket?  The global economy has never seen anything like the sovereign debt bubble that we are experiencing today. This insanity will continue until a day of reckoning arrives and the system implodes.  Nobody knows exactly when that moment will be reached, but without a doubt it is coming. Are you ready? Words: 1270

4.  U.S.’s Runaway Financial Train is About to Destroy the Status Quo

economic-train-wreck

People riding a runaway train can party and remain oblivious to the fact that the train is about to crash into a huge obstacle. Our runaway financial train is about to destroy the status quo as it crashes into the obstacle of mathematical consequences – the inevitable financial train wreck. “If something cannot go on forever, it will stop.” [Let me explain.] Words: 974

5. A Must Watch Video On Why America Is In A “Death Spiral”

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The video*  below is one of the best overviews of what is going on and one of the best explanations of what lies ahead that I have heard. As such, in my opinion, it is A Must Watch!

6. 3.6 Million Views – and Counting! Why U.S. Debt & Budget Will NEVER Balance

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This short video – on the sustainability of government spending – should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom.

7. Why The Government and The Economy Will Collapse

The problems of the US government are insoluble. They will result in the sovereign default of the federal government and the collapse of the US economy. Monty Pelerin explains why: “The claimed debt of the Federal Government of $16 Trillion is enough to threaten its viability and that of the US economy. The current glide path of spending and revenues ensures that debt will increase. Explicit and implicit Treasury guarantees will be required to bail out failing public and private agencies. The situation becomes hopeless when the unfunded liabilities are taken into account.”

8. Eric Sprott: More Government Spending Is NOT the Answer to Our Economic Woes – Here’s Why

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In today’s overleveraged world, greater deficits and government spending, financed by an expansion of public debt and the monetary base (“the printing press”), are not the answer to our economic woes. In fact, these policies have been proven to have a negative impact on growth. [Therefore] as long as we continue down this path, the “solution” will continue to be the problem. There is no miracle cure to our current woes and recent proposals by central planners risk worsening the economic outlook for decades to come. [Let us explain.] Words: 1510

9. More on the Coming ‘Perfect’ Financial Storm from Peter Schiff

financial cliff

The perfect storm is the real fiscal cliff that we’re going to go over. The real fiscal cliff is when we can’t borrow any more money because our creditors wake up to the fact that we’re no good for the debt and interest rates start to rise.

10. U.S Likely to Hit the Financial Wall by 2017! Here’s Why

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The deficits aren’t going to stop anytime soon. The debt mountain will keep growing…Obviously, the debt can’t keep growing faster than the economy forever, but the people in charge do seem determined to find out just how far they can push things….The only way for the politicians to buy time will be through price inflation, to reduce the real burden of the debt, and whether they admit it or not, inflation is what they will be praying for….[and] the Federal Reserve will hear their prayer. When will the economy reach the wall toward which it is headed? Not soon, I believe, but in the meantime there will be plenty of excitement. [Let me explain what I expect to unfold.] Words: 1833

11. U.S. “Deficit Disorder” Means Broken Promises + Even More QE! Here’s Why

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One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities? There’s a hundred-trillion dollar gap between lowest and highest on this spectrum, which allows each commentator to confuse the rest of us by picking the measure that best suits their point of view. [Let’s try to decipher the true state of the nation.] Words: 1468

12 . Crisis Phase Beginning: U.S. Economy to Go Into a Severe Recession By End of 2013! Here’s Why

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We have been hearing a lot about escaping the fiscal cliff, but our problem isn’t solved. The fixes to date have been partial and temporary. There are many painful decisions ahead. Based on recent research and my analysis of the situation, civilization is in the early stage of the Crisis phase (state breakdown) and the U.S. will most likely enter a severe recession by the end of 2013. [Below is my rationale.] Words: 2979; Charts:  8

13. The Captains of Monetary Policy Have Not Grasped These Priceless Lessons of History & At Our Expense!

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If you are clearly watching, listening and paying attention to what is going on around you, and not what the press ‘conjures up’ and the political apparatus ‘spins’, then the following lessons, in the following sequence, should resonate with you. [Unfortunately, however,] the captains of world monetary policy have not and, as such, they have put the world on a course that history has warned us against [and we will eventually pay the price of their ignorance and ineptitude. Take a look. These words of wisdom (lessons) are as timely today as when first spoken/written.] Words: 865

14. What’s Presently Occurring Is Unsustainable & It’s Inevitable It Will End – Badly! Here’s Why

kicking the can, obama cartoons

To any sane person who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the monetary captains’ misguided policies keep us off the shoals of our economic destruction. How long can policies of “extend and pretend”, “kick the can down the road” or “fake it until you make it” continue? The answer is unknowable but…when something is UNSUSTAINABLE it is INEVITABLE that it will END. TIME is the only unknown. The certainty of it ending BADLY is not. Words: 1265; Charts: 6

15. We Can Ignore Economic Reality but We Can NOT Ignore the Consequences of Ignoring Such Reality! Here They Are

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As Ayn Rand said “We can ignore reality, but we cannot ignore the consequences of ignoring reality” so, with apologies to Ayn Rand, let’s explore some examples of ignoring reality. (Words: 1132; Charts: 1)

16. U.S. On An Unsustainable Path That Guarantees An Eventual Catastrophic Financial Melt-down – Here’s How to Get Prepared

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Although our supposed leaders are presumably highly intelligent, educated, and knowledgeable, they act largely “brain-dead” as they lead the United States down an unsustainable path that guarantees eventual catastrophic financial destruction. Do you own enough gold and silver that you would feel safe in a such a financial melt-down? If not, why not? Words: 817

 17. These 25 Videos Warn of Impending Economic Collapse & Chaos

economic Armageddon

The internet is awash (drowning?) in hundreds of doom and gloom videos providing dire warnings of coming world depression, food shortages,  rioting in the streets, rampant (hyper) inflation, deepening banking crisis, economic apocalypse, financial Armageddon, the demise of America – well, you get the idea. Below is a small sample of such videos with a hyperlink to each.

18. The Average U.S. Citizen Is Clueless Regarding the Desperate Shape the Country Is In! Are You?

crisis

The corrosive nature of politics and government has destroyed the economy and the moral fiber of citizens. These issues are not insurmountable, but they are very close to being so. Their ramifications are potentially existential in nature: the average length of life, the very time span or cycle of a nation has been proven in history to be approximately 250 years.  Since the USA was born in 1776 this says we have about 14 years of life remaining for America. The way things are going we don’t doubt it. [Let me explain.] Words: 768

19. The “Great Crisis” Is Well On Its Way and Will Make 2008 Look Like a Joke!

crisis

For over two years now, I’ve been warning that the 2008 Crash was just a warm up and that the REAL Crisis would occur when the stock market realized that the Central Banks, lead by the US Federal  Reserve could NOT actually hold the financial system together. Well, the Crisis I’ve been warning about is here. [Let me explain.] Words: 306

20. The U.S. Economy is Going to Collapse…It is Unavoidable…It’s a Mathematical Certainty…Here’s Why

economic-collapse

The level of debt has surpassed the possibilities of being serviced. Mathematically, the debt problem cannot be solved, regardless of economic policies. That, unfortunately, is written. For it to be serviceable would be to violate the laws of mathematics and that cannot happen. [As such, America is quickly approaching a catastrophic economic collapse. As repelling as that sounds, it’s in your own best interest to learn just how bad the situation is. This article is an attempt to do just that.] Words: 310

 

One comment

  1. Perhaps this is the format of the future…

    You tube videos so readers can watch instead of read what these people are saying…