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	<title>Comments on: Coming Soon: The Bill for the Massive U.S. Debt</title>
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	<item>
		<title>By: boatman</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10639</link>
		<dc:creator>boatman</dc:creator>
		<pubDate>Mon, 04 Jan 2010 19:49:46 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10639</guid>
		<description>well put gene....very</description>
		<content:encoded><![CDATA[<p>well put gene&#8230;.very</p>
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	<item>
		<title>By: boatman</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10638</link>
		<dc:creator>boatman</dc:creator>
		<pubDate>Mon, 04 Jan 2010 19:44:06 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10638</guid>
		<description>you are either a young women or a very young man,as i once was.

all i can say is neither of us knew anything about human nature when we thought these thoughts.

my excuse is i was spending other people&#039;s money.....a drug in itself.

i sure hope u and obama and the rest will grow up before its too late,tho for most things,it already is.</description>
		<content:encoded><![CDATA[<p>you are either a young women or a very young man,as i once was.</p>
<p>all i can say is neither of us knew anything about human nature when we thought these thoughts.</p>
<p>my excuse is i was spending other people's money&#8230;..a drug in itself.</p>
<p>i sure hope u and obama and the rest will grow up before its too late,tho for most things,it already is.</p>
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		<title>By: Jerry</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10637</link>
		<dc:creator>Jerry</dc:creator>
		<pubDate>Mon, 04 Jan 2010 18:36:38 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10637</guid>
		<description>Re:  Wm. F. Bronner:  you are a good man to know.  I agree with everything that you wrote.  I think that we need more women running the country to get out of the wars that we are in and too balance our U.S. checkbook.  Men have been in control too long; it is not a liberal vs conservative issue, it is a man issue. Men control almost all of government, religion and business; what a fine mess all of those are.  Men want to control womens bodies; how would men like it if women were to control mens bodies?  Wouldn&#039;t like it very much.  Religion to control all others.  I don&#039;t buy religion and never did.  Big business is interested only in big business.  What is good for big business is not necessarily good for people.  

We just can&#039;t give up squeaking if we want things to change.  We have to be bold and vocal.</description>
		<content:encoded><![CDATA[<p>Re:  Wm. F. Bronner:  you are a good man to know.  I agree with everything that you wrote.  I think that we need more women running the country to get out of the wars that we are in and too balance our U.S. checkbook.  Men have been in control too long; it is not a liberal vs conservative issue, it is a man issue. Men control almost all of government, religion and business; what a fine mess all of those are.  Men want to control womens bodies; how would men like it if women were to control mens bodies?  Wouldn't like it very much.  Religion to control all others.  I don't buy religion and never did.  Big business is interested only in big business.  What is good for big business is not necessarily good for people.  </p>
<p>We just can't give up squeaking if we want things to change.  We have to be bold and vocal.</p>
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		<title>By: Dave</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10615</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Mon, 04 Jan 2010 03:29:01 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10615</guid>
		<description>Even if one believes that the US has the 8,100 tons of gold that the treasury claims(I certainly do not,it is probably in the same country that Bernie Madoff&#039;s money went to),the total value of it is only around 250 billion dollars,it wouldn&#039;t put a dent in our deficit.
To put it simply,WE ARE DOOMED to experience the most uncomfortable depression and transformation that our nation has ever seen-with the possible exception of the turmoil from the civil war.
In fact,it may very well bring about another civil war.</description>
		<content:encoded><![CDATA[<p>Even if one believes that the US has the 8,100 tons of gold that the treasury claims(I certainly do not,it is probably in the same country that Bernie Madoff's money went to),the total value of it is only around 250 billion dollars,it wouldn't put a dent in our deficit.<br />
To put it simply,WE ARE DOOMED to experience the most uncomfortable depression and transformation that our nation has ever seen-with the possible exception of the turmoil from the civil war.<br />
In fact,it may very well bring about another civil war.</p>
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		<title>By: mason</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10589</link>
		<dc:creator>mason</dc:creator>
		<pubDate>Sun, 03 Jan 2010 13:36:10 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10589</guid>
		<description>liberals?  it´s a one party system pal.  the republican and the democrats talk one way but ultimately vote in concert.  the US is Corprotocracy, not a Democracy.  

don´t waste your time with partisan politics.  it´s a distraction propagated by the media.

Clinton´s NAFTA and repeal of the Glass Steagall Act did as much damage to the US as Bush´s bogus war on terror.  the Republicans under Bush have wasted a generations worth of economic security to make the likes of Brown Root, Carlysle Group and Haliburton significantly richer.  

jmho of course.</description>
		<content:encoded><![CDATA[<p>liberals?  it´s a one party system pal.  the republican and the democrats talk one way but ultimately vote in concert.  the US is Corprotocracy, not a Democracy.  </p>
<p>don´t waste your time with partisan politics.  it´s a distraction propagated by the media.</p>
<p>Clinton´s NAFTA and repeal of the Glass Steagall Act did as much damage to the US as Bush´s bogus war on terror.  the Republicans under Bush have wasted a generations worth of economic security to make the likes of Brown Root, Carlysle Group and Haliburton significantly richer.  </p>
<p>jmho of course.</p>
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		<title>By: OMG</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10587</link>
		<dc:creator>OMG</dc:creator>
		<pubDate>Sun, 03 Jan 2010 11:48:03 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10587</guid>
		<description>You my friend are one sick puppie.</description>
		<content:encoded><![CDATA[<p>You my friend are one sick puppie.</p>
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		<title>By: Ron</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10580</link>
		<dc:creator>Ron</dc:creator>
		<pubDate>Sun, 03 Jan 2010 06:02:53 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10580</guid>
		<description>Clinton capitualated to Repub congress to attempt balancing the budget. Dems will never do it with out being forced. Clinton&#039;s Treasury Sec was a former head of Goldman&#039;s Sachs. Bush put Paulson in because Schumer  would let him get through. The last Repub budget had a deficit of about 200 B and declining. Bama will have a 2Tril deficit easily next year. This government and president are the single most disgraceful, incompetent group to run this country. Anyone who votes for anyone who would keep Speaker Pelosi in power is an absolute foo.</description>
		<content:encoded><![CDATA[<p>Clinton capitualated to Repub congress to attempt balancing the budget. Dems will never do it with out being forced. Clinton's Treasury Sec was a former head of Goldman's Sachs. Bush put Paulson in because Schumer  would let him get through. The last Repub budget had a deficit of about 200 B and declining. Bama will have a 2Tril deficit easily next year. This government and president are the single most disgraceful, incompetent group to run this country. Anyone who votes for anyone who would keep Speaker Pelosi in power is an absolute foo.</p>
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		<title>By: Ron</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10579</link>
		<dc:creator>Ron</dc:creator>
		<pubDate>Sun, 03 Jan 2010 05:53:51 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10579</guid>
		<description>Repubs have been bad but you have to be out of your mind if you  think anything has ever been as bad for the US as this current government and the moron Obama.</description>
		<content:encoded><![CDATA[<p>Repubs have been bad but you have to be out of your mind if you  think anything has ever been as bad for the US as this current government and the moron Obama.</p>
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		<title>By: DG</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10578</link>
		<dc:creator>DG</dc:creator>
		<pubDate>Sun, 03 Jan 2010 04:50:15 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10578</guid>
		<description>Yes, on paper, Clinton left office with the tiniest sliver of a surplus.  That was the presentation.  Yet, the debt grew that year.  How is that possible?  Every year that I spend less than I make ( a surplus) my debt either decreases or my net worth increases.  Answer:  It was a misrepresentation, which is a Legalease for a lie.  Clinton lie?  Impossible!  What is the definition of surplus?</description>
		<content:encoded><![CDATA[<p>Yes, on paper, Clinton left office with the tiniest sliver of a surplus.  That was the presentation.  Yet, the debt grew that year.  How is that possible?  Every year that I spend less than I make ( a surplus) my debt either decreases or my net worth increases.  Answer:  It was a misrepresentation, which is a Legalease for a lie.  Clinton lie?  Impossible!  What is the definition of surplus?</p>
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		<title>By: Mary VanEsselstyn</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10571</link>
		<dc:creator>Mary VanEsselstyn</dc:creator>
		<pubDate>Sat, 02 Jan 2010 23:12:46 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10571</guid>
		<description>This situation has been coming on since the Reagan administration lowerd taxes and increased spending.They also removed controls from the financial system so it is  easy for their elites to become crooks. The fault lies with the American people who trust the experts instead of common sense . The two party system has failed us and now it is too late to change.The Republicans have always done the opposite of what they promise and there are powers beyond the scene who decide our future.One thing we can do is learn from history is that nothing is permanent. Our Golden Age has come to an end and can never return.The demons have returned to deceieve the masses that we are entitled to all the good thing in life with no obligation.</description>
		<content:encoded><![CDATA[<p>This situation has been coming on since the Reagan administration lowerd taxes and increased spending.They also removed controls from the financial system so it is  easy for their elites to become crooks. The fault lies with the American people who trust the experts instead of common sense . The two party system has failed us and now it is too late to change.The Republicans have always done the opposite of what they promise and there are powers beyond the scene who decide our future.One thing we can do is learn from history is that nothing is permanent. Our Golden Age has come to an end and can never return.The demons have returned to deceieve the masses that we are entitled to all the good thing in life with no obligation.</p>
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		<title>By: Gene Colburn</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10569</link>
		<dc:creator>Gene Colburn</dc:creator>
		<pubDate>Sat, 02 Jan 2010 22:16:39 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10569</guid>
		<description>Don Miller,  Great article.

We should all forward the link to our family members.  I think like the first 80 year old post (Van Collmer), probably because I am not far behind him.  However I am alone in my very large family that thinks this way.  They have all been proselytized by our educators and media to buy into the welfare state. Little do they understand what we have fought and died for. Our schools are not teaching it.  We are slowly becoming what we have defeated, and the socialists are winning.  It is an easy sell, the idea that government will take care of you.</description>
		<content:encoded><![CDATA[<p>Don Miller,  Great article.</p>
<p>We should all forward the link to our family members.  I think like the first 80 year old post (Van Collmer), probably because I am not far behind him.  However I am alone in my very large family that thinks this way.  They have all been proselytized by our educators and media to buy into the welfare state. Little do they understand what we have fought and died for. Our schools are not teaching it.  We are slowly becoming what we have defeated, and the socialists are winning.  It is an easy sell, the idea that government will take care of you.</p>
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		<title>By: kirk</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10567</link>
		<dc:creator>kirk</dc:creator>
		<pubDate>Sat, 02 Jan 2010 21:21:10 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10567</guid>
		<description>Profligacy has its ultimate price:  less freedom, welfare/warfare state, lower standard of living.  We have embraced profligacy and think there will be no price to pay.  So be it.  The hubris will be dispelled before too very long. 

The real concern:  what will the phoenix be like?</description>
		<content:encoded><![CDATA[<p>Profligacy has its ultimate price:  less freedom, welfare/warfare state, lower standard of living.  We have embraced profligacy and think there will be no price to pay.  So be it.  The hubris will be dispelled before too very long. </p>
<p>The real concern:  what will the phoenix be like?</p>
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		<title>By: Mark</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10555</link>
		<dc:creator>Mark</dc:creator>
		<pubDate>Sat, 02 Jan 2010 14:39:15 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10555</guid>
		<description>I think deep down most americans sense something is not right. They chose to ignor the massive debt the country is taking on and hope things will work out. They have been slowly drugged into accepting socialism.

Many proclaim to value freedom, but do not touch my entitlment. The truth is that SS and Medicare are broke. It does not matter that many have paid in over their lifetime, it still is broke. There is no way to right this wrong. 

It is difficult to change the government and the mindset of a nation. But, this has to occur for there to be real change. Many today do not know which way to go, so they will take the path of least resistence, which will lead to the same failed conclusion.

Taking back this country will mean quickly ending entitlments. It will mean completely re-structuring the tax system. It will mean having an Constitutional Convention in order to finally define General Welfare. It will mean abolishing the Federal Reserve.

It will mean many loosing their status quo and families boarding together. It will mean churches, individuals and charities will have to step up. It will mean alot of people will not get the healthcare they want and need. There is no way to know just how this will look in real life as it happens, but getting back to the principles and fundamentals that forged this country will not be easy at all.

I see armageddon before this will occur.</description>
		<content:encoded><![CDATA[<p>I think deep down most americans sense something is not right. They chose to ignor the massive debt the country is taking on and hope things will work out. They have been slowly drugged into accepting socialism.</p>
<p>Many proclaim to value freedom, but do not touch my entitlment. The truth is that SS and Medicare are broke. It does not matter that many have paid in over their lifetime, it still is broke. There is no way to right this wrong. </p>
<p>It is difficult to change the government and the mindset of a nation. But, this has to occur for there to be real change. Many today do not know which way to go, so they will take the path of least resistence, which will lead to the same failed conclusion.</p>
<p>Taking back this country will mean quickly ending entitlments. It will mean completely re-structuring the tax system. It will mean having an Constitutional Convention in order to finally define General Welfare. It will mean abolishing the Federal Reserve.</p>
<p>It will mean many loosing their status quo and families boarding together. It will mean churches, individuals and charities will have to step up. It will mean alot of people will not get the healthcare they want and need. There is no way to know just how this will look in real life as it happens, but getting back to the principles and fundamentals that forged this country will not be easy at all.</p>
<p>I see armageddon before this will occur.</p>
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		<title>By: Stephan Larose</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10540</link>
		<dc:creator>Stephan Larose</dc:creator>
		<pubDate>Sat, 02 Jan 2010 05:15:25 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10540</guid>
		<description>Unfortunately, the author has left an important stone unturned, the most important stone of all. Where do these trillions of dollars we borrow come from? Who actually has 10 trillion more dollars of debt to provide the U.S.A.? 

The answer is nobody. 

But the Fed will legally counterfeit these funds (just print money basically) at zero cost, money the citizenry will be expected to pay back by creating real value through work and then pay the counterfeit debt back in full, with huge amounts of interest. If this odious debt is immorally and, according to the U.S. constitution, illegally imposed on the citizenry (and it eats up at least half of all spending), then clearly the solution is to Kill the Fed. 

Since the Fed prints money out of thin air, so can the government, it&#039;s the productive potential of the citizenry that backs the value of the money after all. The gold standard is just another scheme for the rich to centralize wealth (another major problem), but a return to debt-free constitutional money, under which the young U.S.A. flourished, would take a huge amount of financial pressure off. 

Inflation could then be totally controlled by mandating caps on dollars per person, and ending fractional reserve lending, the process whereby banks lend out 10-20 times more money than they actually have (more legalized counterfeiting). Either everyone should be allowed to lend money that doesn&#039;t exist, or nobody can. Only one of those ways controls inflation.</description>
		<content:encoded><![CDATA[<p>Unfortunately, the author has left an important stone unturned, the most important stone of all. Where do these trillions of dollars we borrow come from? Who actually has 10 trillion more dollars of debt to provide the U.S.A.? </p>
<p>The answer is nobody. </p>
<p>But the Fed will legally counterfeit these funds (just print money basically) at zero cost, money the citizenry will be expected to pay back by creating real value through work and then pay the counterfeit debt back in full, with huge amounts of interest. If this odious debt is immorally and, according to the U.S. constitution, illegally imposed on the citizenry (and it eats up at least half of all spending), then clearly the solution is to Kill the Fed. </p>
<p>Since the Fed prints money out of thin air, so can the government, it's the productive potential of the citizenry that backs the value of the money after all. The gold standard is just another scheme for the rich to centralize wealth (another major problem), but a return to debt-free constitutional money, under which the young U.S.A. flourished, would take a huge amount of financial pressure off. </p>
<p>Inflation could then be totally controlled by mandating caps on dollars per person, and ending fractional reserve lending, the process whereby banks lend out 10-20 times more money than they actually have (more legalized counterfeiting). Either everyone should be allowed to lend money that doesn't exist, or nobody can. Only one of those ways controls inflation.</p>
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		<title>By: pnew122</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10535</link>
		<dc:creator>pnew122</dc:creator>
		<pubDate>Sat, 02 Jan 2010 03:49:59 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10535</guid>
		<description>That should have read kids looking to land that 100k a year job not 11k.</description>
		<content:encoded><![CDATA[<p>That should have read kids looking to land that 100k a year job not 11k.</p>
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	<item>
		<title>By: pnew122</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10534</link>
		<dc:creator>pnew122</dc:creator>
		<pubDate>Sat, 02 Jan 2010 03:46:55 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10534</guid>
		<description>What&#039;s the point? Kids think they can jusy go to college, land that 11k a year job, and never get dirt under their prissy little fingernails. And the parents? That&#039;s the real joke. Adults are rude, zombies, who don&#039;t even slow down enough to enjoy life. They speed everywhere.

And then they have to be part of the &quot;herd&quot; in life as to not be left out. Who cares if they have to sign on the doted line for things they can&#039;t pay for. Long as they look &quot;good&quot; for the neighbors and fellow workers, that&#039;s all that matters.

People have their head up their nrear end. I used to think what can I do to help ANYONE. Now I say who cares. I&#039;m not willing to help ANY phony American that is rude and just wants to show how many material things they can own in their lifetime.

I say what&#039;s coming for MAericans is good enough for them. Let them suffer for all their stupidity. And illegal alliens? You&#039;ve got to be kidding. Go back less than 100 years, and most likely were are ALL illegal. Except for the Indians that we stole all the land from.

At least the current illegal are willing to work. If the lazy Americans were willing to do the job, they wouldn&#039;t waste their time coming here. Look at the obesity in this country. Notihing but a bunch of fat lazy pigs with no manners and owning things they can&#039;t pay for. This ought to be a real eye opener for many.

Good luck people</description>
		<content:encoded><![CDATA[<p>What's the point? Kids think they can jusy go to college, land that 11k a year job, and never get dirt under their prissy little fingernails. And the parents? That's the real joke. Adults are rude, zombies, who don't even slow down enough to enjoy life. They speed everywhere.</p>
<p>And then they have to be part of the "herd" in life as to not be left out. Who cares if they have to sign on the doted line for things they can't pay for. Long as they look "good" for the neighbors and fellow workers, that's all that matters.</p>
<p>People have their head up their nrear end. I used to think what can I do to help ANYONE. Now I say who cares. I'm not willing to help ANY phony American that is rude and just wants to show how many material things they can own in their lifetime.</p>
<p>I say what's coming for MAericans is good enough for them. Let them suffer for all their stupidity. And illegal alliens? You've got to be kidding. Go back less than 100 years, and most likely were are ALL illegal. Except for the Indians that we stole all the land from.</p>
<p>At least the current illegal are willing to work. If the lazy Americans were willing to do the job, they wouldn't waste their time coming here. Look at the obesity in this country. Notihing but a bunch of fat lazy pigs with no manners and owning things they can't pay for. This ought to be a real eye opener for many.</p>
<p>Good luck people</p>
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		<title>By: Jimmy</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10528</link>
		<dc:creator>Jimmy</dc:creator>
		<pubDate>Sat, 02 Jan 2010 02:05:40 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10528</guid>
		<description>Monty, why do you say the Elite One World Groups  don&#039;t own the military as they do with all other US control resources.   DO YOU THINK THE MILITARY WOULD Fractionalize if forced to turn on its own people when the country disintegrates with armed violence.  They split into warlord contractors for the powereze or warlord independents.  Similar to Rome 100ad-300ad

As for central banking, it matters not if an independent franchise as in the US or government
owned as in Canada.  The fiat debt issuance is simply a means to secure the controlling wealth
of the masses and subject them to totalitarian rule.  Future generation bondage to debt is
meaningless as the fiat becomes worthless, it&#039;s loss and seizure of personal property that will lead to slavery and genocide, another dark ages I fear.</description>
		<content:encoded><![CDATA[<p>Monty, why do you say the Elite One World Groups  don't own the military as they do with all other US control resources.   DO YOU THINK THE MILITARY WOULD Fractionalize if forced to turn on its own people when the country disintegrates with armed violence.  They split into warlord contractors for the powereze or warlord independents.  Similar to Rome 100ad-300ad</p>
<p>As for central banking, it matters not if an independent franchise as in the US or government<br />
owned as in Canada.  The fiat debt issuance is simply a means to secure the controlling wealth<br />
of the masses and subject them to totalitarian rule.  Future generation bondage to debt is<br />
meaningless as the fiat becomes worthless, it's loss and seizure of personal property that will lead to slavery and genocide, another dark ages I fear.</p>
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	<item>
		<title>By: nick heller</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10524</link>
		<dc:creator>nick heller</dc:creator>
		<pubDate>Sat, 02 Jan 2010 01:20:07 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10524</guid>
		<description>how right you are.  i have been a libertarian on financial matters doe 30 years</description>
		<content:encoded><![CDATA[<p>how right you are.  i have been a libertarian on financial matters doe 30 years</p>
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	</item>
	<item>
		<title>By: JJ</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10523</link>
		<dc:creator>JJ</dc:creator>
		<pubDate>Sat, 02 Jan 2010 01:01:44 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10523</guid>
		<description>What an ignorant knucklehead!!  Clinton left office with a large surplus... Bush Junior and his evil cabal did the &quot;terrorize the people&quot; thing, not only going to war on a series of manufactured LIES, but running up huge debt.  Oh by the way, they also savaged our Bill of rights, and paved the way for the banksters such as Goldman Sachs and JP Morgan to absolutely plunder our citizenry... As frosting on the cake, they helped the transfer of most of our manufacturing away from our shores to overseas.  They have placed our country in tremendous jeopardy.  There is no way out except to default on our debt or to face hyperinflation... great choices!!  Yes, Obama has continued the dance, so much for change... the lies continue.  The government is in the control of the financial elites, and unless we have a constitutional revolution, we will become a third world nation.  Liberals?  Wake up, old boy!</description>
		<content:encoded><![CDATA[<p>What an ignorant knucklehead!!  Clinton left office with a large surplus&#8230; Bush Junior and his evil cabal did the "terrorize the people" thing, not only going to war on a series of manufactured LIES, but running up huge debt.  Oh by the way, they also savaged our Bill of rights, and paved the way for the banksters such as Goldman Sachs and JP Morgan to absolutely plunder our citizenry&#8230; As frosting on the cake, they helped the transfer of most of our manufacturing away from our shores to overseas.  They have placed our country in tremendous jeopardy.  There is no way out except to default on our debt or to face hyperinflation&#8230; great choices!!  Yes, Obama has continued the dance, so much for change&#8230; the lies continue.  The government is in the control of the financial elites, and unless we have a constitutional revolution, we will become a third world nation.  Liberals?  Wake up, old boy!</p>
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	<item>
		<title>By: Mihail</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10519</link>
		<dc:creator>Mihail</dc:creator>
		<pubDate>Sat, 02 Jan 2010 00:32:01 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10519</guid>
		<description>Abolish the Jewish own Federal Reserve PRIVATE SYSTEM,the congress has the right to print and regulate the money,the money should be only SILVER AND GOLD.</description>
		<content:encoded><![CDATA[<p>Abolish the Jewish own Federal Reserve PRIVATE SYSTEM,the congress has the right to print and regulate the money,the money should be only SILVER AND GOLD.</p>
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	</item>
	<item>
		<title>By: edward walsh</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10517</link>
		<dc:creator>edward walsh</dc:creator>
		<pubDate>Fri, 01 Jan 2010 23:46:32 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10517</guid>
		<description>People out there don&#039;t worry about your children or children&#039;s children concerning this massive US debt. This will last for a while and in the meantime just enjoy the ride. The result is all going to end up eventually with a run on the dollar and a revaluation. Just like the banks the US government will end up bankrupt. They are insolvent right now. All they have to do now is to sign the formal documents. They will merely start over again. It&#039;s happened to other countries and they&#039;ve survived. It&#039;s the foreign bankers especially China and those domestic owners of US government debt that will be stuck with the bill. The sooner it happens the sooner the slate will be washed from all of this Obama crap and the previous Republican mismanagement. LOL Looking after your money.</description>
		<content:encoded><![CDATA[<p>People out there don't worry about your children or children's children concerning this massive US debt. This will last for a while and in the meantime just enjoy the ride. The result is all going to end up eventually with a run on the dollar and a revaluation. Just like the banks the US government will end up bankrupt. They are insolvent right now. All they have to do now is to sign the formal documents. They will merely start over again. It's happened to other countries and they've survived. It's the foreign bankers especially China and those domestic owners of US government debt that will be stuck with the bill. The sooner it happens the sooner the slate will be washed from all of this Obama crap and the previous Republican mismanagement. LOL Looking after your money.</p>
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	</item>
	<item>
		<title>By: Don</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10510</link>
		<dc:creator>Don</dc:creator>
		<pubDate>Fri, 01 Jan 2010 22:19:19 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10510</guid>
		<description>The cause of this predicament we all face is simple, as are the cures, even though we are not ready to cure ourselves.
We got into this mess by way of one word, credit.  We want all the luxuries now and are willing to add on more credit as our desire for the homes and cars and toys far exceed our income. 
We have our hands out all the time, for what the government might give. I can walk down the street, sit in a coffee shop, and here people talking, not about how productive to society they are, but about what government program they can take advantage of.
We the people, all over the globe, have become a welfare state, by demand.
The cure is simple, could turn the world economy around overnight, but we will suffer horribly for generations before we administer any real cure. There will be civil unrest, a catastrofic decline in all aspects of life, before we will make the hard choices to bring back a once prolific and proud humanity.
The cure, and you will see why it will take generations before we do cure ourselves, as we are all feeders at the public trough of greed and self serving ignorants, is to turn everyway of life over onto its head.

Stop military buildup. If every nation just stopped, leave the status quo, became transparent to all other nations to avoid cheeting, trillions would be saved every year.

Stop the insane financial industry, the non productive biggest trough feeders, the mutual funds, the money managers, the mind boggling avenues of bleeding people of their money as they hope the newest thing will earn them a greater return. Stop things like currency trading. A stoppage of investment money flowing in would put the millions of white collar non productive financiers on the bread line, where they will seek real jobs, become productive members of society.

Stop the drug trade. Of course it can be done. There are countries where drug trade is almost completly non exsistant. Its called Extreme Punishment. These worst of criminals will destroy your family in the most unconsionable way. They will take your pre teen daughter to sell for profit, they will hook your son until he becomes a monster and turns on you, for profit. They have no conscience, drug use has taken away any normal reasoning. So why would you choose to be soft on them. It is well recognized that 95% of all crime is drug related, how many more billions would that save anually. The spinoff would be that the legal industry, the police, the lawyers and judges, all the support staff, the prisons, etc. would become a tiny fraction of the industry it is today. That would put countless more trough feeders into productive society.

Stop handing out programs for votes. I live in Canada. Our current government adopted a policy, making it mandatory to run a surplus budget. Absolutely no deficit. This had to be abandoned when we hit this era of what is called economic stimulation. But did it. If we put all nations on equal footing, no stimulus spending, ride out the tough times, always run a surplus, it will be done in the future when we realize the error of our ways and are ready to make these tough choices.

Stop harvesting rainforests.

Stop polluting.

Start mandatory recycling programs. Of course we already have this. I mean on a massive, global scale. Our landfills are brimming, and our waste is sickening.

Set up a global currency, everyone issued a card, or an embeded chip, or an eye scan, or whatever, starting from grade school. No cash, again the impact on crime would be enormous, further cutting costs.

Make tobacco products illegal.

Make the purchasing of alcohol a process where your financial situation, along with your family obligations, only allows you the purchase if it is not detrimental to you or anyone else.

Give up some rights in order to help police get tough on crime. Should you really care about being searched if you have nothing to hide. Let the legal system break down a few doors of the inocent, in their search for the criminal.

Tax the filthy rich to the extreme. If anyone already of billionaire status, bringing in more countless millions every year, has a problem with that, consider yourself inhuman.

Promote tourism. Give the middle class the ability to enjoy what only the rich can now.  For example, build more cruise ships and drop prices drastically, make it a globally affordable reward for the life of the conservative middle class majority. 

Take away the 1 % of the world owning 90 % of its wealth. Easily done when we are ready to make this happen.

Stop the manufacturing and selling of the multitude of crap trinkets, so the idiots of the world cannot bring home another ornament at the cost of feeding their children.

Shrink government. It is insane the number of beaurocrats out there feeding off of us.

Put a cap on all income. At todays prices 10 million a year is enough for anyone. That would free up more hundreds of millions. Does Tiger Woods really need 100 million a year. Just tax him at 95 % anything over 10.

Revolutionize the auto industry. It appears there are cars now running on water. Pour money into researching and developing this. Make manufacturers produce this technology.

Really reform health care.  Have you been inside an emergency room lately. Twelve hour wait times while all the staff is standing around socializing. Make them accountable. Anyone waiting is an emergency, never mind current proceedure and administer to that person now, there will be down times when you can catch upi on that paper work and finish stories to your co-workers. Stop the drug companys monopolizing the market for ridiculous billions in profit.

All of this and more would turn our planet into a non debt garden of eden for everyone, almost overnight. But it will not happen, not yet anyway. We are still too soon out of the uncivilized beast we were just a few millenia ago. We are, plain and simply put, just too stupid for our own good right now. 
But there is hope, for our offspring and theirs, as we are of course capable of making decisions that better our life.....when we are ready.</description>
		<content:encoded><![CDATA[<p>The cause of this predicament we all face is simple, as are the cures, even though we are not ready to cure ourselves.<br />
We got into this mess by way of one word, credit.  We want all the luxuries now and are willing to add on more credit as our desire for the homes and cars and toys far exceed our income.<br />
We have our hands out all the time, for what the government might give. I can walk down the street, sit in a coffee shop, and here people talking, not about how productive to society they are, but about what government program they can take advantage of.<br />
We the people, all over the globe, have become a welfare state, by demand.<br />
The cure is simple, could turn the world economy around overnight, but we will suffer horribly for generations before we administer any real cure. There will be civil unrest, a catastrofic decline in all aspects of life, before we will make the hard choices to bring back a once prolific and proud humanity.<br />
The cure, and you will see why it will take generations before we do cure ourselves, as we are all feeders at the public trough of greed and self serving ignorants, is to turn everyway of life over onto its head.</p>
<p>Stop military buildup. If every nation just stopped, leave the status quo, became transparent to all other nations to avoid cheeting, trillions would be saved every year.</p>
<p>Stop the insane financial industry, the non productive biggest trough feeders, the mutual funds, the money managers, the mind boggling avenues of bleeding people of their money as they hope the newest thing will earn them a greater return. Stop things like currency trading. A stoppage of investment money flowing in would put the millions of white collar non productive financiers on the bread line, where they will seek real jobs, become productive members of society.</p>
<p>Stop the drug trade. Of course it can be done. There are countries where drug trade is almost completly non exsistant. Its called Extreme Punishment. These worst of criminals will destroy your family in the most unconsionable way. They will take your pre teen daughter to sell for profit, they will hook your son until he becomes a monster and turns on you, for profit. They have no conscience, drug use has taken away any normal reasoning. So why would you choose to be soft on them. It is well recognized that 95% of all crime is drug related, how many more billions would that save anually. The spinoff would be that the legal industry, the police, the lawyers and judges, all the support staff, the prisons, etc. would become a tiny fraction of the industry it is today. That would put countless more trough feeders into productive society.</p>
<p>Stop handing out programs for votes. I live in Canada. Our current government adopted a policy, making it mandatory to run a surplus budget. Absolutely no deficit. This had to be abandoned when we hit this era of what is called economic stimulation. But did it. If we put all nations on equal footing, no stimulus spending, ride out the tough times, always run a surplus, it will be done in the future when we realize the error of our ways and are ready to make these tough choices.</p>
<p>Stop harvesting rainforests.</p>
<p>Stop polluting.</p>
<p>Start mandatory recycling programs. Of course we already have this. I mean on a massive, global scale. Our landfills are brimming, and our waste is sickening.</p>
<p>Set up a global currency, everyone issued a card, or an embeded chip, or an eye scan, or whatever, starting from grade school. No cash, again the impact on crime would be enormous, further cutting costs.</p>
<p>Make tobacco products illegal.</p>
<p>Make the purchasing of alcohol a process where your financial situation, along with your family obligations, only allows you the purchase if it is not detrimental to you or anyone else.</p>
<p>Give up some rights in order to help police get tough on crime. Should you really care about being searched if you have nothing to hide. Let the legal system break down a few doors of the inocent, in their search for the criminal.</p>
<p>Tax the filthy rich to the extreme. If anyone already of billionaire status, bringing in more countless millions every year, has a problem with that, consider yourself inhuman.</p>
<p>Promote tourism. Give the middle class the ability to enjoy what only the rich can now.  For example, build more cruise ships and drop prices drastically, make it a globally affordable reward for the life of the conservative middle class majority. </p>
<p>Take away the 1 % of the world owning 90 % of its wealth. Easily done when we are ready to make this happen.</p>
<p>Stop the manufacturing and selling of the multitude of crap trinkets, so the idiots of the world cannot bring home another ornament at the cost of feeding their children.</p>
<p>Shrink government. It is insane the number of beaurocrats out there feeding off of us.</p>
<p>Put a cap on all income. At todays prices 10 million a year is enough for anyone. That would free up more hundreds of millions. Does Tiger Woods really need 100 million a year. Just tax him at 95 % anything over 10.</p>
<p>Revolutionize the auto industry. It appears there are cars now running on water. Pour money into researching and developing this. Make manufacturers produce this technology.</p>
<p>Really reform health care.  Have you been inside an emergency room lately. Twelve hour wait times while all the staff is standing around socializing. Make them accountable. Anyone waiting is an emergency, never mind current proceedure and administer to that person now, there will be down times when you can catch upi on that paper work and finish stories to your co-workers. Stop the drug companys monopolizing the market for ridiculous billions in profit.</p>
<p>All of this and more would turn our planet into a non debt garden of eden for everyone, almost overnight. But it will not happen, not yet anyway. We are still too soon out of the uncivilized beast we were just a few millenia ago. We are, plain and simply put, just too stupid for our own good right now.<br />
But there is hope, for our offspring and theirs, as we are of course capable of making decisions that better our life&#8230;..when we are ready.</p>
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	<item>
		<title>By: Dave</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10502</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Fri, 01 Jan 2010 20:16:26 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10502</guid>
		<description>The above comments are possibly the most informed comments I have read in a long time.
The Illuminati or whatever you may call them, a secretive group of elite in positions of power,
have userped the Constitution of the U.S., played both sides of conflicts for their own gain, and if allowed to continue, will institute a one world currency and global governance.
What this means is that conflict resolution will be performed by one country&#039;s military against another&#039;s insurrection. Simply put, global resources to resolve (or maintain?) conflicts in their interests.</description>
		<content:encoded><![CDATA[<p>The above comments are possibly the most informed comments I have read in a long time.<br />
The Illuminati or whatever you may call them, a secretive group of elite in positions of power,<br />
have userped the Constitution of the U.S., played both sides of conflicts for their own gain, and if allowed to continue, will institute a one world currency and global governance.<br />
What this means is that conflict resolution will be performed by one country's military against another's insurrection. Simply put, global resources to resolve (or maintain?) conflicts in their interests.</p>
]]></content:encoded>
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	<item>
		<title>By: Bud Wood</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10490</link>
		<dc:creator>Bud Wood</dc:creator>
		<pubDate>Fri, 01 Jan 2010 17:25:05 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10490</guid>
		<description>I too have been around for &gt;80 years.  And I have also seen the changes which, not incidentally, were visible to me shortly after my getting out of the army in 1945.  And, no, I didn&#039;t do anything about the moves toward collectivist fascism.  History shows that such movements are unstoppable, continuing on until the end. Fighting such is a loosing battle.

Better that a person tries to do his individual best and considers governmental actions to be close to natural disasters like earthquakes and hurricanes.</description>
		<content:encoded><![CDATA[<p>I too have been around for &gt;80 years.  And I have also seen the changes which, not incidentally, were visible to me shortly after my getting out of the army in 1945.  And, no, I didn't do anything about the moves toward collectivist fascism.  History shows that such movements are unstoppable, continuing on until the end. Fighting such is a loosing battle.</p>
<p>Better that a person tries to do his individual best and considers governmental actions to be close to natural disasters like earthquakes and hurricanes.</p>
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		<title>By: werner ullmann</title>
		<link>http://moneymorning.com/2009/12/30/u-s-debt/comment-page-1/#comment-10488</link>
		<dc:creator>werner ullmann</dc:creator>
		<pubDate>Fri, 01 Jan 2010 17:12:24 +0000</pubDate>
		<guid isPermaLink="false">http://moneymorning.com/?p=14443#comment-10488</guid>
		<description>INteressting articles!</description>
		<content:encoded><![CDATA[<p>INteressting articles!</p>
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