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IMF Says US Must Raise All Taxes, Cut All Entitlements By 35% To Contain Future Budget

Tyler Durden's picture


In what is either a delayed April Fool's report, or its latest exercise in rhetoric the IMF asks the humorous question: "An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?" The obvious answer is naturally the Fed. The unobvious answer, according to the IMF, is the impossible: a slashing all of USSA's entitlement benefits by a whopping 35% combined with a hike in all tax rates. From the IMF: "This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is shared across generations. We find that the U.S. fiscal and generational imbalances are large under plausible parametric assumptions, and, while not much affected by the financial crisis, they have not improved much by the passing of the Final Healthcare Legislation. We find that, under our baseline scenario, a full elimination of the fiscal and generational imbalances would require all taxes to go up and all transfers to be cut immediately and permanently by 35 percent. A delay in the adjustment makes it more costly." Such drama: have these people really not heard of the Fed. What is rather shocking is that Larry Kotlikoff, who has made it all too clear the US is bankrupt, was used as a consultant: "We are extremely grateful to Lawrence Kotlikoff who acted as a consultant providing unique inspiration, guidance and supervision." Are massively dissenting voices now credible sources of information? What next: Fed white paper citing Zero Hedge?

Full April Fool's joke:

IMF Working Paper US


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Mon, 04/04/2011 - 10:37 | 1132268 Turd Ferguson
Turd Ferguson's picture

good luck with that

Mon, 04/04/2011 - 10:44 | 1132311 covert
covert's picture

people would rather die first!


Mon, 04/04/2011 - 10:50 | 1132328 unwashedmass
unwashedmass's picture


JPM now trying to gin up attack on gold and silver.

how unexpected.

Mon, 04/04/2011 - 11:12 | 1132418 JohnG
JohnG's picture

It doesn'tseem to be working this morning.  Usually a huge attack arounf 8:30, but looks like they sort of gave up when price popped back up.

People are getting it.  No silver except paper.


Mon, 04/04/2011 - 11:00 | 1132375 bankrupt JPM bu...
bankrupt JPM buy silver's picture

raise taxes, right.  Like they should raise interest rates too.  This is going to get messy.

Mon, 04/04/2011 - 18:31 | 1134704 Diogenes
Diogenes's picture

"Who is going to pay and how?"

The public is going to pay, and how. More taxes and less benefits for Joe Six Pack, more benefits and less taxes for the big boys. As usual.

Mon, 04/04/2011 - 11:26 | 1132498 In Fed We Trust
In Fed We Trust's picture

I thought the IMF was the FED?



Mon, 04/04/2011 - 12:32 | 1132881 JR
JR's picture

As you say, the Fed, the IMF, and the World Bank, are one. The entire plan was designed in 1944 at Bretton Woods, New Hampshire, by the world's most prominent socialists "as mechanisms for eliminating gold from world finance."  Its hidden agenda?  "The building of world socialism." 

The IMF is the protege of the Federal Reserve System.

The money manipulators are using the political frames of the Fed, the IMF and World Bank to loot the resources of the world and turn the American republic into a global empire.

That’s what globalization is all about, getting the nations addicted and dependent and then milking them for the benefit of the looters.

As John Perkins writes, they “are high paid professionals who cheat countries around the globe out of trillions of dollars.  Their tools include fraudulent financial reports, rigged elections, payoffs, extortions, sex, and murder.  They play a game as old as Empire but one that has taken on terrifying dimensions during this time of globalization.”

Perkins, writing in Confessions of an Economic Hit Man, said such economic international skullduggery has dire consequences for the future of democracy and the world…and can be seen from Mikla’s KOW Fed scenario: “Print dollars to purchase real assets and securities which establishes… [its] ’fundamental value’ as a holder of assets (MBS purchases, POMO, etc.).”

G. Edward Griffin, in Jekyll Island, explains that the IMF/World Bank "would not exist without the flow of American dollars and the benevolence of American leadership."

Says Griffin: The Fed has become an accomplice in the support of totalitarian regimes throughout the world...that is one of the reasons it should be abolished."

Mon, 04/04/2011 - 13:17 | 1133104 Ident 7777 economy
Ident 7777 economy's picture

by JR , on Mon, 04/04/2011 - 12:32 #1132881 

As you say, the Fed, the IMF, and the World Bank, are one.

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By charter?

Do you have a link?

Or, do you mean by association, by commonality of purpose?


Mon, 04/04/2011 - 14:07 | 1133391 JR
JR's picture

Yes, they truly are one and the common ingredient is fiat money - Bernanke at the Fed; Strauss-Kahn at the IMF; and Zoellick at the World Bank. All three were created by global financiers and politicians with the intention of combining them into a single entity with a single world currency. The IMF/World Bank already is functioning -- in conjunction with the Fed -- as a world central bank. The world currency -- the SDR -- already has been introduced.

The Fed and the IMF have become the “lenders of last resort” for virtually the entire planet. They pretend their measures are necessary to protect the public. The result has been just the opposite – the exploitation of sovereignty and freedom to the people's detriment and the extraction of trillions of dollars of the world's value through taxes and inflation.  The world is now in the final inning of this deadly game...

Wikipedia: United Nations Monetary and Financial Conference

The United Nations Monetary and Financial Conference, commonly known as the Bretton Woods conference, was a gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, to regulate the international monetary and financial order after the conclusion of World War II.[1]

The conference was held from 1-22 July 1944, when the agreements were signed to set up the International Bank for Reconstruction and Development (IBRD), the General Agreement on Tariffs and Trade (GATT), and the International Monetary Fund (IMF)...

The Bretton Woods Conference took place in July 1944, but did not become operative until 1959, when all the European currencies became convertible.

The main terms of this agreement were:

  1. Formation of the IMF and the IBRD (presently part of the World Bank).
  2. Adjustably pegged foreign exchange market rate system: The exchange rates were fixed, with the provision of changing them if necessary.
  3. Currencies were required to be convertible for trade related and other current account transactions. The governments, however, had the power to regulate ostentatious capital flows.
  4. As it was possible that exchange rates thus established might not be favourable to a country's balance of payments position, the governments had the power to revise them by up to 10%.
  5. All member countries were required to subscribe to the IMF's capital.

The best source for this information, IMO, is G. Edward Griffin's The Creature from Jekyll Island: A Second Look at the Federal Reserve.


Mon, 04/04/2011 - 16:04 | 1134033 Ident 7777 economy
Ident 7777 economy's picture

First off, good response, not that I agree with any of it at this particular juncture ('blank check approval', not just yet) ...

Next, this:

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The best source for this information, IMO, is G. Edward Griffin's The Creature from Jekyll Island: A Second Look at the Federal Reserve.

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I don't trust, at this juncture, anything written or produced by G. Edward Griffin after having seen a 'chemtrail' video his name is associated with, so, I'll need another cite when it comes to the creation of 'The Fed', thank you ...





Mon, 04/04/2011 - 16:47 | 1134273 JR
JR's picture

I have yet to find or hear of one error in Griffin’s “Creature from Jeyll Island.”   This is the foremost topic of our time; it’s the core of who will be the ruler of the planet.  I am satisfied with the research that I’ve done so far that the plan for world government revolves around the Federal Reserve and its international manifestation, the IMF.  It is important for all of us to research it as much as possible.  When you find out information from your position, please let me know.

By the way, Griffin’s book has long been a best seller in Japan and now is best selling in Germany.

Beware that your doubts do not make you miss the truth, awaiting to see the nails in the hands.

Mon, 04/04/2011 - 20:36 | 1135089 Ident 7777 economy
Ident 7777 economy's picture

I have yet to find or hear of one error in Griffin’s “Creature from Jeyll Island.”  

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At the bottom of this page, there are about 10 different common 'myths' spread about the Fed and the creation of the Fed (mainly by Griffin in his book it would appear):


Let's take a look at the first one:


Myth #1:

"The Federal Reserve Act of 1913 was crafted by Wall Street bankers and a few senators in a secret meeting."

A brief opening: The facts - (see link above for more)

On the Georgian resort hideaway of Jekyll Island (which has some excellent golf courses, by the way), there once met a coalition of Wall Street bankers and U.S. senators. This secret 1910 meeting had a sinister purpose, the conspiracy theorists say. The bankers wanted to establish a new central bank under the direct control of New York's financial elite. Such a plan would give the Wall Street bankers near total control of the financial system and allow them to manipulate it for their personal gain.

G. Edward Griffin lays out this conspiratorial version of history in his book The Creature from Jekyll Island. His amateurish take on history is highly suspect, however. Gerry Rough, in a series of well- researched essays on U.S. banking history, reveals many historical inaccuracies, inconsistencies, and even contradictions in Griffin's book and others of its genre.


Mon, 04/04/2011 - 21:36 | 1135300 JR
JR's picture

The activities of PRA (Political Research Associates) are well known and their mission, more than I or Griffin’s work could ever substantiate, explains how the vast U.S. social Leviathan and the attacks on American free enterprise depend on the tyranny of the Federal Reserve

A fabricated denouement of Griffin’s work by PRA can only solidify Griffin’s stature in the eyes of the world and further testifies to the immense popularity and endurance of his learned tome these many years in its expose of the Federal Reserve System.

The PRA’s self-defined mission as “a progressive think tank presenting analyses…to help the media, advocates and educators understand and challenge the Right” is part of the ongoing attempt by the MSM and its socialist satellites to silence truth.

PRA makes no bones about its bias: ” [T]he political and Christian Right use skillful marketing that exploits the public’s desire for quick solutions and capitalizes on today’s hectic information flow. With clever slogans that oversimplify complex public policy issues, the Right routinely scapegoats others in pursuit of their agenda.”

Nor do its  Activist Resource Kits hide its agenda that is “designed especially for advocates  (and) include Defending Public Education, Defending Reproductive Rights, Defending Immigrant Rights, Defending Justice, and Defending Democracy.”

As for its Special Reports, let them speak for themselves: “PRA produces timely reports on specific right-wing movements or strategies. Past reports include Calculated Compassion, a detail of the Right’s attack on gays and lesbians through the "Ex-Gay" movement, Decades of Distortion, an account of the Right’s strategy to scapegoat welfare recipients, and The Pioneer Institute: Privatizing the Common Wealth, a profile of a state-level conservative think tank.”

A man can be defined by his enemies, as well as his friends.

Mon, 04/04/2011 - 22:41 | 1135468 Ident 7777 economy
Ident 7777 economy's picture

The activities of PRA (Political Research Associates) are well known ..
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 

No - no, let's address what Flaherty and Rough wrote on the myths spun by G. Edward Griffin, or nothing at all ...


Otherwise, I could equally say 'the activities of Griffin are well known'.

But, maybe his background is not that well known? Maybe we should get some idea of his education and 'analytical' ability ... Dr. Flaherty certainly has his ...

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Per Wiki:

G. Edward Griffin (born November 7, 1931) is an American film producer, author, and political lecturer. Starting as a child actor, he became a radio station manager before age 20.

He then began a career of producing documentaries and books on often-debated topics like cancer, Noah's ark, and the Federal Reserve System, as well as on Libertarian views of the U.S. Supreme Court, terrorism, subversion, and foreign policy.

Since the 1970s, Griffin has promoted laetrile as a cancer treatment, a view considered quackery by the medical community. He has also promoted the Durup?nar site as hosting the original Noah's ark, against skeptics as well as near-Ararat Creationists.

He has opposed the Federal Reserve since the 1960s, saying it constitutes a banking cartel and an instrument of war and totalitarianism. In 2002, Griffin founded the individualist network Freedom Force International.

As of late, he has taken up the controversial issue of "chemtrails", and  championing the cause of the 9-11 'truthers'.

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So, I don't see academic credentials by which G. Edward Griffin could be expected to perform adequate evaluation and analysis of the current Federal Reserve system or its roots, its beginnings

Does G. Edward Griffin, in fact, have some education in his background that Wiki is not apprised of? Does he have some 'time-in-type' (as pilots say) that would qualify him to speak and write authoritatively on the subject-issues he addresses?



Mon, 04/04/2011 - 17:05 | 1134388 pointer
pointer's picture

Tone down your ego - you're one of those people who don't know how to connect dots - you have to see it typed out on a page from another source before you get it.  So what - Griffin and chemtrails - you don't know if they're real and neither do I - they could be.  Think for yourself is all I'm saying and don't walk around like your shit doesn't stink and you know what's true and what's not.  I would almost classify you as a "Troll" - go look that up, jackass.

Mon, 04/04/2011 - 20:57 | 1135025 Ident 7777 economy
Ident 7777 economy's picture

"Negative Ghost Rider the pattern is full ..." (hang onto your coffee)


Real-life tower fly-by by a madman:


Mon, 04/04/2011 - 11:13 | 1132424 Creed
Creed's picture

Is the water getting hotter in the pot I'm in or is that my imagination?


So this is the future, as an American citizen I can expect my elected leadership & the Supreme Court to allow unelected globalist organizations like the UN & IMF to take money out of my kids college education or my retirement savings, small as they are?

This is what the half of America that voted for Obama was really voting for, they were voting the USA out of existence.

Mon, 04/04/2011 - 12:16 | 1132799 JR
JR's picture

This is exactly where we’re headed if it isn’t stopped.  The good news is that when we begin to see the fangs of the monster, it’s because he’s being cornered in the blind canyon.  Government waste is pushing state and federal budgets into the stratosphere, the Fed’s printing press is running 24 hours, U.S. puppets around the world are either falling or taking flak and the central banks’ hope for a world government, the IMF and a single currency is on the rocks of German elections, Irish and Greek miseries, and a Third World population over running Western middle classes.

When every Monday brings new announcements of economic tyranny, these are the signs of a central bank beginning to fire indiscriminately into the world financial system.  It reminds one of a toppling dictator and his thugs and snipers firing live bullets into the ranks of the demonstrators.  

Mon, 04/04/2011 - 15:31 | 1133858 American Dissident
American Dissident's picture

Indeed, I say the Iceland Option is a nice alternative -  Hell atleast try CUTTING GOVERNMENT and defunding the traitors at the Keynesian Socialist Feds little sisters. The UN, IMF and World Bank.

Mon, 04/04/2011 - 10:39 | 1132270 Mr. Anonymous
Mr. Anonymous's picture

It's not United Socialist States of America (USSA), Tyler, it's the UFSA, or United Fascist States of America. 


A man of your learning should know better than to confuse the two.

Mon, 04/04/2011 - 11:01 | 1132371 Seymour Butt
Seymour Butt's picture

I guess he means Socialism for the Banksters, sucker taxpayer forever footing their bill. 

And you're right, it's Fascism for the rest of us. One thing is for sure: It's not Capitalism. 

The game is totally rigged.

Mon, 04/04/2011 - 11:20 | 1132461 TruthInSunshine
TruthInSunshine's picture

Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows

Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died

Everybody talking to their pockets
Everybody wants a box of chocolates
And a long stem rose
Everybody knows

Everybody knows that you love me baby
Everybody knows that you really do
Everybody knows that you've been faithful
Ah give or take a night or two
Everybody knows you've been discreet
But there were so many people you just had to meet
Without your clothes
And everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

And everybody knows that it's now or never
Everybody knows that it's me or you
And everybody knows that you live forever
Ah when you've done a line or two
Everybody knows the deal is rotten
Old Black Joe's still pickin' cotton
For your ribbons and bows
And everybody knows

And everybody knows that the Plague is coming
Everybody knows that it's moving fast
Everybody knows that the naked man and woman
Are just a shining artifact of the past
Everybody knows the scene is dead
But there's gonna be a meter on your bed
That will disclose
What everybody knows

And everybody knows that you're in trouble
Everybody knows what you've been through
From the bloody cross on top of Calvary
To the beach of Malibu
Everybody knows it's coming apart
Take one last look at this Sacred Heart
Before it blows
And everybody knows

Mon, 04/04/2011 - 12:25 | 1132842 Bicycle Repairman
Bicycle Repairman's picture

Leonard Cohen.  Great stuff.

Mon, 04/04/2011 - 11:00 | 1132373 Holodomor2012
Holodomor2012's picture

The reason fascism has such a bad name is because the 'globalists' of both shades (red/blue) use it as a pejorative.  Most are awakened enough to recognize the buffet of lies presented us by the so-called MSM, yet still accept the larger dishes as truth.

Mon, 04/04/2011 - 11:40 | 1132580 Mr. Anonymous
Mr. Anonymous's picture

LOL.  'The True Adolf Hitler'.

Yeah, it's too bad we don't see more of Hitler's warm and sunny side, more images of him with dogs and kids and butterflies and ladybugs.  Far too much attention is paid to that Hitler of Total War and death camps and firebombing England and that Final Solution stuff.


Indeed, Fascism is such a warm, fuzzy and misunderstood ruling system.



Mon, 04/04/2011 - 11:53 | 1132680 Holodomor2012
Holodomor2012's picture

Some facts for you, although we are getting off topic.


1. Hitler did not start the war and he tried to do everything to avoid it.

2. War crimes of the Allies were far worse.  Dresden, Hiroshima, Nagasaki, Katyn forest, the raping of Berlin. 

3. The final solution was not 'the death of all Jews'.  There were about 150,000 Jews who fought for Germany and thousands more living in Berlin at the wars end. 

4. There were no gas chambers.  (But if you believe there were, then do you also believe Saddam had WMD's? Do you believe the old official Gulf of Tonkin story? Do you believe there are actually legitimate rebels in Libya? Do you believe in Santa Claus?

Mon, 04/04/2011 - 12:00 | 1132721 Mr. Anonymous
Mr. Anonymous's picture

Wow.  We've got a live one.

Mon, 04/04/2011 - 12:24 | 1132835 A Man without Q...
A Man without Qualities's picture

He's either a troll or an idiot, so he's come to the wrong place...

Mon, 04/04/2011 - 12:26 | 1132854 Bicycle Repairman
Bicycle Repairman's picture

Is Hitler a sinner?  Is Hitler a saint?

How about this?  Who cares?  It has nothing to do with what is going on now in front of your face.

Mon, 04/04/2011 - 12:55 | 1132961 Holodomor2012
Holodomor2012's picture

This is where you are wrong.  The situation today is tied tightly with Weimar.  Hitler tried to save Germany and much of Europe from the same banking dynasties that have destroyed the worlds money.


Everything is connected. 


Are you going to call me a jihadist or something because I also respect Khomeini and Ahmadinejad?

Mon, 04/04/2011 - 13:27 | 1133151 Bicycle Repairman
Bicycle Repairman's picture

Invoking Hitler only leads to emotional reactions.  If you must cite analogies from the past, pick one that doesn't cloud the issues.  In general let's avoid personalities and stick to the issues.

Mon, 04/04/2011 - 15:51 | 1133972 equity_momo
equity_momo's picture

Well the issues seem to be that any World leader or any head of state of a significant country of means , through any age/period in history ,  is a war-mongering sociopath. If they arent , they cant lead for long. Stick around long enough and you'll see for yourself how History repeats. Think the US Govn wont put people in concentration camps or when push comes to shove just liquidate en masse? 

Having school textbooks brainwash , divide and conquer is the first building block to serfdom. If you want to discuss the issues you have to be prepared to learn to quell your "emotional reactions"

We have been fully indoctrinated with a very manipulated version of history. The guilt tripping was especially brutal after WW2. It paved the way for Political Correctness.

Certain words are just trigger words for an emotional response that prevents and crowds out any serious and ultimately beneficial debate. Just what "they" wanted.


Mon, 04/04/2011 - 14:44 | 1133583 NidStyles
NidStyles's picture

He was trying to save Germany, but openly slaughtered many of the tribe's people that were called Gypsy's, Frank's, Briton's, and so on. Being of Hessian descent myself, I find the lack of knowledge about Germany really is quite ridiculous. Germany wasn't just a Nation-state in central Europe. It was a whole collection of tribes that covered the entire continent of Europe.


If anything Hitler was a fool for taking the money from the international banksters of the era, and then attacking his own people, because they live in another Nation-state. Germany may be the name of one of the countries now, but the Germanic people are all over the place in Europe.

Mon, 04/04/2011 - 17:05 | 1134379 FreedomGuy
FreedomGuy's picture

I knew there were few of these guys on the edge...but, wow! Mussolini and Franco were both decent guys, too. The fact that Mussolin died upside down beaten with sticks was an malinformed reaction to a misunderstanding by his own people. Krupps kind of liked fascism, too. They helped Hitler try to find peace at all costs by rearming deutschland...and racing across Poland to try and stop the Soviets on the other side. Bully for them!

Mon, 04/04/2011 - 12:12 | 1132786 Creed
Creed's picture

great, another Nazi lover


hey fuck you man



by Holodomor2012
on Mon, 04/04/2011 - 11:53


Some facts for you, although we are getting off topic.


1. Hitler did not start the war and he tried to do everything to avoid it.

2. War crimes of the Allies were far worse.  Dresden, Hiroshima, Nagasaki, Katyn forest, the raping of Berlin. 

3. The final solution was not 'the death of all Jews'.  There were about 150,000 Jews who fought for Germany and thousands more living in Berlin at the wars end. 

4. There were no gas chambers.  (But if you believe there were, then do you also believe Saddam had WMD's? Do you believe the old official Gulf of Tonkin story? Do you believe there are actually legitimate rebels in Libya? Do you believe in Santa Claus?

Mon, 04/04/2011 - 12:29 | 1132862 SheepDog-One
SheepDog-One's picture

Holodomor review Project Paperclip please. You couldnt be more wrong.

Mon, 04/04/2011 - 13:53 | 1133304 Gimp
Gimp's picture

Did you miss K - 12 completely ??

Mon, 04/04/2011 - 13:58 | 1133335 Holodomor2012
Holodomor2012's picture

K-12 is about as reliable as Fox News.  They use the same writers.

Mon, 04/04/2011 - 17:08 | 1134391 FreedomGuy
FreedomGuy's picture

Not exactly. K-12 will give you the collectivist slant through the government controlled schools and unionized teachers...who will take you on field trips to your capital...where you can help them protest!

Fox tilts the other way in their opinion shows.

Mon, 04/04/2011 - 14:49 | 1133620 reader2010
reader2010's picture

Hitler was the tool chosen and financed by the Party of Six in the hope that he could bring a demise of both Soviet Union and Nazi Germany. 

Mon, 04/04/2011 - 15:07 | 1133724 Holodomor2012
Holodomor2012's picture

I believed that for alittle while, but now I don't.  He was too full of love for his people.  He may have been 'played' at some point, but he was an honest and great man.

Mon, 04/04/2011 - 16:04 | 1134030 reader2010
reader2010's picture

His weakness was that he firmed believed the Party of Six would let him go free when he brought the war to Soviet Union. What he could have easily finished remaining British/French armies at the beach of Dunkirk. But insanely he ordered his troops not to finish them off. 

Mon, 04/04/2011 - 11:42 | 1132591 Creed
Creed's picture

BULLSHIT to your "special knowledge' Holo


FASCISM is a dirty word because it combines the 2 main sources of secular power in this world against everyone else


that's corporations & governments

they have the MONEY and the GUNS and it's used against EVERYONE ELSE to the benefit of themselves

Mon, 04/04/2011 - 11:00 | 1132382 Duuude
Duuude's picture

"...United Farcist States of Americe."


There, fixed it fer ya.

Mon, 04/04/2011 - 11:35 | 1132559 SheepDog-One
SheepDog-One's picture

Im not even going to justify the present sorry state of this country with some technical textbook definition, Farcist Fiatsco far as Im concerned a complete F'n joke!

Mon, 04/04/2011 - 11:48 | 1132638 tired1
tired1's picture

Nah, I used to wonder why talkings heads use the term 'former USSR', now it's clear why the distinction is necessary.

Mon, 04/04/2011 - 12:27 | 1132860 FreedomGuy
FreedomGuy's picture

I'm just happy to see someone else use "USSA". The "socialism" part is the most important. For the record, I divde the many forms of socialism into two groups. Group 1 is the democratic type where we have some say in things and we vote how much we are going to steal from each other and not pay for. Group II are the autocratic types, mainly fascist and Soviet. Group I are the childlike socialists with utopian ideals that are never reached. They pave the way for group II. Group II members are the adult socialists who know its all really just about power and control. They use the group I types initially but at some point as they get close to complete power they "push" things over the edge and take power. These are the grown ups behind the scenes.

I wonder how many failures it will take until the world or at least rational civilized country reject the idea of the collective? My guess is it'll take a few more get back to 1776.

Sun, 05/15/2011 - 03:49 | 1275701 Hunch Trader
Hunch Trader's picture

+1 and that next time, they'd be smart enough to keep the true results of 1776.


Mon, 04/04/2011 - 12:36 | 1132911 Commander Cody
Commander Cody's picture

Agreed, the USA is now a fascist corporatist government dealing socialism for the rich and the poor, while promising to keep the middle class solvent through "insurance", i.e., Social Security and Medicare, and now Obamacare.  The solutions to the deficit never mentioned are reductions to Welfare, food stamps, abortions and the like.  Social Security and Medicare are the first on the table for dissecting.

If handouts to business were eliminated and taxes spread fairly amongst individuals and business, then much of the deficit would be pared.  This is never on the table thanks to the fascists.  We're screwed.

Mon, 04/04/2011 - 16:54 | 1134311 Hephasteus
Hephasteus's picture

No it wouldn't. The equations are non-sense. They are lies. There is no physical pathway to pay it back. That's why it works. It's a problem without a solution and as long as they use whatever brutality necessary to try to maintain that people must keep trying to work on the problem without a solution it becomes the permanent taskmaster of stupidity.

It's seen in gietner's statements. If the US defaults on debt it will pay higher interest rates. Which is impossible. If the US defaults on debt it defaults on everything the IMF and global banks own. So how can they loan money. They don't loan resources they simply loan the permission to indebt tickets. They have bonds and little rediculous pieces of paper that talk about trillions owed and crap like that. It' all meaningless. And they are going to stay here come hell or high water. The people have to leave THEM. Thier idea of immortality is being unreasonable kings and forcing the king model on everyone knowing it will NEVER WORK. But as long as people keep coming back for the exercises in stupidity and futility it works.

I'm quadruply attached to this place through venus and I want nothing to do with the shit hole. They'll pretend there are rules they'll pretend their are laws they'll pretend their is justification but you are a machine of will and they will simply keep damaging you and breaking you till they can rebuild you as a servant.

Mon, 04/04/2011 - 17:00 | 1134352 Matte_Black
Matte_Black's picture

Um, he said 'deficit'....not debt.... he was saying... you seem upset.


Wed, 04/06/2011 - 00:56 | 1139811 Hephasteus
Hephasteus's picture

Look. Microsoft doesn't have a department of employees that they pay to enforce copywrite laws. They don't have a floor in their cooporate headquarters where they put infringers in jail. They just have a squad of lawyers who direct and channel and focus PUBLIC resources.

He's talking about big business paying into the system and creating resources that other people use. They DO NOT DO THAT. They are net TAKERS of the system. They use public law enforcement and government agencies like a frikkin mail room of their company. It's not that they are deadbeats not paying thier share. They are beyond that. They are private gain companies using public resources of people who have nothing to do with thier business day after day. THEY ARE THE ONES COLLECTING TAXES. THEY ARE THE ONES COLLECTING THE FREE ENERGY.

Mon, 04/04/2011 - 16:54 | 1134324 Matte_Black
Matte_Black's picture

Well said, sir.

Mon, 04/04/2011 - 10:36 | 1132271 TradingJoe
TradingJoe's picture

yeah! Like I would pay for other moron's incompetence and greed! I am GONE!!!! Already!!!!

Mon, 04/04/2011 - 10:44 | 1132306 Azannoth
Azannoth's picture

Tell me in which country you don't pay for other moron's descisions ? I would like to join you

Mon, 04/04/2011 - 10:38 | 1132272 slaughterer
slaughterer's picture

Paper this over with more "extend and pretend" and QE, otherwise O is out.

Mon, 04/04/2011 - 10:38 | 1132278 Long-John-Silver
Long-John-Silver's picture

Living under a One World Government is going to really suck.

Mon, 04/04/2011 - 10:58 | 1132364 disabledvet
disabledvet's picture

it already does.  i did you know that "midgets went before the UN to have their right to be tossed" enforced?  this is true--i am not making this up.

Mon, 04/04/2011 - 10:40 | 1132283 TwoShortPlanks
TwoShortPlanks's picture

Should be titled 'The Marc Faber Gloom Boom & Doom Report'

Mon, 04/04/2011 - 10:47 | 1132285 TruthInSunshine
TruthInSunshine's picture

"U.S. Must Cut All Expenses by 35%"


I'm sure Team Obama is going to get right on that, just as sure I am that Team Boehner is going to get right on it.




*Laurence Kotlikoff estimates true U.S. Debt at 202 Trillion, which is only 14 times larger than what the U.S. Government claims.

The true Black Swan might very well be an all out U.S. default on a good chunk or all of its debt. Kotlikoff thinks so, and he is by no means alone. One day, you're thinking Weimar, and then the chipmunk spins in the tree looking for a nut and goes all hyperdeflation on your ass, man...

U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff
Mon, 04/04/2011 - 11:12 | 1132416 SheepDog-One
SheepDog-One's picture

Extend and Pretend economic policy for .5% of the billionaires who control everything and every bit of wealth now, while the peasants stock up on Astroglide lube. What a wonderful world.

Mon, 04/04/2011 - 14:36 | 1133550 TruthInSunshine
TruthInSunshine's picture

Synthetic lube 'cause the petroleum based stuff will be too damn expensive (for a little while longer, at least).

Mon, 04/04/2011 - 10:42 | 1132288 samsara
samsara's picture

So the IMF(working force for Rockefeller, Rothchilds, and other owners of the FED),  think we need to tighten our belt, and raise taxes?

I guess the script is moving along it's predicted course.

Mon, 04/04/2011 - 10:47 | 1132317 MarketTruth
MarketTruth's picture

EXACTLY, yet how many sheeple realize that the IMF is nothing more than a 'parent company' to the privately owned Federal Reserve central banking cartel.

Mon, 04/04/2011 - 11:06 | 1132400 NotApplicable
NotApplicable's picture

They are just getting their terms in place in order to be the "lender of last resort," once this current one implodes.

Mon, 04/04/2011 - 11:16 | 1132430 SheepDog-One
SheepDog-One's picture

Of course, its all the same people with different hats. So while wearing 1 hat the FED central banksters print us into oblivion, then the same people change hats for cover and concealment to say 'Pay the fuck up, peasants'.

Mon, 04/04/2011 - 10:53 | 1132348 Confused
Confused's picture

We're fucked. Proper fucked. 

Mon, 04/04/2011 - 13:23 | 1133135 James
James's picture

No, No we are not.

Unless you plan on rolling over and taking it

Are you suggesting that the worlds peasants are just going to take it  as an absolute they can do nothing about?

If this countries citizens would take their balls out of the mayonaise jar on the mantle, strap them back on,we could take back this country.

Let us remember - 5% of the population that formed this republic did it successfully once. And warned  us we may have to do it again.

That time is upon us.

Remember, These are psycopaths were dealing with. 

Mon, 04/04/2011 - 17:04 | 1134387 Matte_Black
Matte_Black's picture

I don't disagree with a thing you said, but I couldn't help remembering that the -5% who founded this country were rich guys.

Nevertheless, from your lips to god's ears.

May it be so.

Mon, 04/04/2011 - 18:28 | 1134692 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

excellent point james.  in good ol' england the sovereigns are taking back the courts.  watch this video.  it's noisy at first, so turn the volume down.  about half way through the riot tones down and the layman explains what they are doing to the court and the magistrate.  america needs to do this and pronto!

Mon, 04/04/2011 - 14:56 | 1133651 reader2010
Mon, 04/04/2011 - 10:42 | 1132289 jtmo3
jtmo3's picture

USA says to IMF...Go Fuck Thyself.

Mon, 04/04/2011 - 18:51 | 1134758 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

agreed.  spoken here by me loud and clear.  we best keep it loud, as the imf may have an ear infukshun.  oh yeah, that reminds me - silver has inherent qualities to fight infections!  i only deal in frn's where the stupid corps still take them for alleged payments!  haven't had a bank account in 1.5 years now.  a beotch, but i feel better knowing i do not participate in their silly knees-bent running around games.  silly alleged kings!

the imf is pissed.  oh boo f-n hoo you mother f@#kers.  sons of window-dressers.

Mon, 04/04/2011 - 18:58 | 1134783 Rahm
Rahm's picture

Obama says to IMF  "should I hold my ankles or your ankles while bending over?"

Mon, 04/04/2011 - 10:40 | 1132290 fly
fly's picture

Such utter BS. Nary a mention by lame stream media on the data dump by the Fed..and so the sheep are still uninformed....

Mon, 04/04/2011 - 19:20 | 1134847 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

but it's more important to see who can dance and who is smarter than a bernanke!  /sarc

Mon, 04/04/2011 - 10:40 | 1132291 Seasmoke
Seasmoke's picture

first take it from all the politicians and then the government workers IOUs

Mon, 04/04/2011 - 10:43 | 1132296 slaughterer
slaughterer's picture

Ben is probably rolling over on the floor laughing reading this IMF report.

Mon, 04/04/2011 - 10:41 | 1132297 Pelosis Usless Brain
Pelosis Usless Brain's picture

They can take their I, shove it up their M and F themselves.


Mon, 04/04/2011 - 10:42 | 1132305 fuu
fuu's picture

Yeah that worked so well in Iceland, Ireland, Portugal, Italy, and Greece. Totally a band wagon we should jump on.

Mon, 04/04/2011 - 10:45 | 1132308 corndog
corndog's picture

I keep waiting for the massive slash to government as the cost reducer. Not raising taxes. Naive, I know.

Mon, 04/04/2011 - 11:07 | 1132309 Oh regional Indian
Oh regional Indian's picture

The IMF "owns" the Us via BIS/FED/WB/UN. It is testing the waters here.

The templars never went away you know. They just settled down in Switzerland and continued to do what they do best. 

The Red Cross, The Red Shield...the reds, they are not at your doorstep, they are your "owners".

Animal farm, alive and well in 2011. Better believe it, or study it. It's a tangled web indeed.


PS: This is not funny or humorous at all, it's serious wheels in motion for th eUS, a sign if you will.

Mon, 04/04/2011 - 11:24 | 1132501 JohnG
JohnG's picture

Templars?  Really?

Get real.

Never existed in the first place.

JFC in a basket of eggs.

Stop pimping your putiful blog, you are an idiot.

Just proves it.



Mon, 04/04/2011 - 12:17 | 1132803 Creed
Creed's picture

lolololol where do all these wacktards spring forth from?

what were their mothers & fathers like?

oh my, what are their children like?

Mon, 04/04/2011 - 11:44 | 1132617 Deepskyy
Deepskyy's picture

Well if we are living out Animal farm, I get to be Benjamin.


Mon, 04/04/2011 - 12:51 | 1132981 i-dog
i-dog's picture

35% cut to entitlements ... 0% cut to military spending.

I think I just heard the sound of the hammer falling...........

Wed, 04/06/2011 - 00:58 | 1139819 Hephasteus
Hephasteus's picture

The red cross. Aren't those the guys that every time there's an accident or something horrilbe happens they charge in millions of free labor. Then fly around in helicopters taking pictures of what is going on and opening up donation lines.

Mon, 04/04/2011 - 10:45 | 1132310 LawsofPhysics
LawsofPhysics's picture

OR the U.S. needs to exercise their second amendment rights.


Just saying, there are other options.  Hedge accordingly.

Mon, 04/04/2011 - 10:45 | 1132315 Gary Busey
Gary Busey's picture

Maybe we should also start with zeroing out the billions the US contributes to the IMF fund...

Mon, 04/04/2011 - 10:46 | 1132320 jo6pac
jo6pac's picture

The good news is there still money for wars

Mon, 04/04/2011 - 10:46 | 1132321 SilverBaron
SilverBaron's picture

If you take away our ability to inflate, China's 3 trillion dollars become an extremely powerful weapon against us.  O'liar and his CIA buddies can not allow this. 

Mon, 04/04/2011 - 10:54 | 1132355 T Rex
Mon, 04/04/2011 - 12:55 | 1132994 Snidley Whipsnae
Snidley Whipsnae's picture

From your link...

"After its quantitative easing in 2008, the US Federal Reserve Board announced a second round in 2010. The US Federal Reserve Board knows very well the inflationary consequences of such a loose monetary policy. Whatever arguments the Fed uses to soothe the nerves of investors, nobody knows whether the Fed can withdraw the liquidity quickly enough to prevent hyperinflation and a free fall of the US dollar. This practice has never been tested in history. If the nightmare scenario of inflation and devaluation comes true, the result will be devastating for China, Japan and the other East Asian countries, which hold trillions of dollars of US government treasuries as foreign exchange reserves."

Mon, 04/04/2011 - 10:49 | 1132327 Clueless Economist
Clueless Economist's picture

35% cut in welfare and food stamps?  I don't think those urban fols gonna be too happy.  How they gonna pay for their McDonalds, booze, tats and piercings?

Mon, 04/04/2011 - 10:53 | 1132342 TruthInSunshine
TruthInSunshine's picture

The old Guns vs. Butter  Econ 101 debate.

Except we're talking about 2 trillion dollars worth of guns or butter (6.1 trillion USD budget for 2011, so 35% of that is more than 2 trillion, actually).


Mon, 04/04/2011 - 10:50 | 1132329 Holodomor2012
Holodomor2012's picture

Arbeit Macht Frei.  The only "IMF Working" title I care to see.

Mon, 04/04/2011 - 11:54 | 1132678 Thisson
Thisson's picture

I logged in just to junk you, Nazi.  GTFO.

Mon, 04/04/2011 - 11:55 | 1132687 Holodomor2012
Holodomor2012's picture

There are no Nazi's anymore.  Eisenhower murdered them all in death camps after the war.

Mon, 04/04/2011 - 12:20 | 1132818 Creed
Creed's picture

sustained standing ovation




by Thisson
on Mon, 04/04/2011 - 11:54


I logged in just to junk you, Nazi.  GTFO.

Mon, 04/04/2011 - 12:53 | 1132996 Holodomor2012
Holodomor2012's picture

Creed, don't you have some organs to steal or something?

Mon, 04/04/2011 - 10:50 | 1132330 99er
99er's picture

/ES and /ZB

The Long Bond has a strong bid.


Mon, 04/04/2011 - 10:50 | 1132331 Ancona
Ancona's picture

The IMF needs to go and fuck themselves. The minute we let those fuckers in here, we're done.

Mon, 04/04/2011 - 11:10 | 1132406 Widowmaker
Widowmaker's picture

Newsflash, they are already entrenched - you already  pay all their bills and bonuses.

Mon, 04/04/2011 - 10:51 | 1132332 Henry Chinaski
Henry Chinaski's picture

Wealth confiscation.  bitchez.

fly below the radar

Mon, 04/04/2011 - 18:53 | 1134766 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

agreed.  load, stack, re-load.

Mon, 04/04/2011 - 10:52 | 1132336 lynnybee
lynnybee's picture

Who Will Pay and How?"   ... I can't believe how dumb I've been my whole life......being a good little dutch girl, raised in a good & honest little community, going to church with little white gloves on & PAYING CASH my whole life, NOT CHARGING on CREDIT CARDS & ALWAYS PAYING MY MEAGER BILLS on time, PAYING OFF a dinky house that I could afford ....................and NOW THIS !!!   WHO WILL PAY & HOW !!!???   A PRIVATE BANK THAT I'VE NEVER HAD ANYTHING TO DO WITH WANTS ME TO PAY !!   END of the line for this bullshit.    I pay no one anything, never been in debt, never will be, yet somehow I'M asked to pay !  

Mon, 04/04/2011 - 10:54 | 1132346 bob_dabolina
bob_dabolina's picture

We all have to make sacrifices while redistributing your wealth.


Mon, 04/04/2011 - 11:32 | 1132549 oddjob
oddjob's picture

spare change you can believe in.

Mon, 04/04/2011 - 10:56 | 1132363 Ident 7777 economy
Ident 7777 economy's picture

+100 "Who Will Pay and How"

Mon, 04/04/2011 - 11:13 | 1132426 Rusty Shorts
Rusty Shorts's picture


Here's how it works, our civilization engineers will arrive and take stock of the situation, they will assess your land value, and decide what useful resources your land has to offer...

Mon, 04/04/2011 - 11:30 | 1132514 Ident 7777 economy
Ident 7777 economy's picture

LOL ... gonna put that opening segment on my answering machine out-going ...


* some restrictions apply


Mon, 04/04/2011 - 10:52 | 1132338 alien-IQ
alien-IQ's picture

Cut out the "Murder Entitlement"...end the fuckin wars!!!!!!!!

That should save a few bucks and lives.

Mon, 04/04/2011 - 11:33 | 1132554 greenbear
greenbear's picture

No way. Dog food rations for the elderly must be slashed by 95% before a single military base will ever be shut down.

Mon, 04/04/2011 - 10:51 | 1132340 Crispy
Crispy's picture

Only academics would write a paper about how to avoid the endgame when its already afoot.


Mon, 04/04/2011 - 10:54 | 1132344 johnQpublic
johnQpublic's picture

raise taxes to 110% of income

charge for foodstamps and unemployment

eliminate SS and medicare/medicaide

sell our military to china

auction off presidency on ebay



problem solved

Mon, 04/04/2011 - 10:53 | 1132347 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Hmm,difficult one for congress that, A:make savage politically impossible cuts and balance the budget or B: just electronically print dollars out of thin air and kick the can down the road until the whole system just blows up.

Something just tells me it's going to be B,followed by B,followed by B.........

Mon, 04/04/2011 - 10:58 | 1132351 Widowmaker
Widowmaker's picture

The IMF and World Bank were set up in Bush I and installed during Bush II, this has been set up for years.  Put the pieces together.

What is that fascist fuck Wolfowitz doing nowdays?  Tearing the heart out of the USA, that's a fact.

Thank the ghost of Prescott Bush and fascist money to set up the USA for a fall, been the plan for two generations (and counting).

News for the rest of you, the Bush's are just executioners -- wake up USA!

Mon, 04/04/2011 - 10:58 | 1132374 Ident 7777 economy
Ident 7777 economy's picture

The IMF and World Bank were set up in Bush I and installed during Bush II, this has been set up for years. Put the pieces together.

- - - - - - - - - - - - - - - - - - - - -

Yada yada yada

And congress wasn't complicit .. pls, tell us more ... duh!

Mon, 04/04/2011 - 11:07 | 1132392 Widowmaker
Widowmaker's picture

You are confusing ignorance with complacency.

Like Congress has any clue whatsoever, it's hard to take you seriously when you bring Congress into it.

Mon, 04/04/2011 - 11:07 | 1132398 Ident 7777 economy
Ident 7777 economy's picture

You are confusing ignorance with complacency.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

What are you saying - congress was asleep?

Ron Paul was in congress; not possible.


Mon, 04/04/2011 - 11:18 | 1132425 Widowmaker
Widowmaker's picture

Do yourself a favor and actually talk to your congressional representation.   You will quickly realize how flacid they are with monetary policy and corruption.

I like Ron Paul too but he is all show, no go -- just like the rest - entertainment.



Mon, 04/04/2011 - 11:17 | 1132454 Ident 7777 economy
Ident 7777 economy's picture

Do yourself a favor and actually talk to your congressional representation. 

- - - - - - - - - - - - - - - - -

What's your point, 'dad'   - LIKE I HAVEN"T .. oh, sorry, I used an insubordinate tone - what makes you think I haven't ... I guess you need a 'clue' when you read sarcasm, so here it is:




I like my congressman; the best money can buy in this district (and it's not Luapnor) ...


Mon, 04/04/2011 - 11:31 | 1132536 Widowmaker
Widowmaker's picture

No sarcasm needed.

Absent principle, money holds 10/10 elected officials accountable to one thing - more money.

I'll bet your future that Ron Paul shows weakness during the next round of questions.  Its not what is asked that is important, it's what isn't (so you know where to look).


Mon, 04/04/2011 - 11:41 | 1132597 SheepDog-One
SheepDog-One's picture

LOL, they will not talk to the peasantry any longer. If you write them a letter their sexretary MIGHT send you back a standard form letter thanking you for your support. If you go to their office, or lair, the sexretary says your representative is not there/not available.

Mon, 04/04/2011 - 11:37 | 1132563 alexanderstollznow
alexanderstollznow's picture


by Widowmaker
on Mon, 04/04/2011 - 10:58


The IMF and World Bank were set up in Bush I and installed during Bush II, this has been set up for years.  Put the pieces together."

i realise it is not the done thing to introduce any sensible comment or facts in the Comment section, but note that the IMF and World Bank were set up just after the end of WWII so, no, they dont have anything to do with Bush I or II.

Mon, 04/04/2011 - 11:50 | 1132593 Widowmaker
Widowmaker's picture

I understand, but research the house of Bush, and their money interests in WWII to refute your own argument.

As mentioned, they are one of many - by no means all inclusive.

(I'll bet you thought they were from Texas too)


Mon, 04/04/2011 - 11:58 | 1132712 Ident 7777 economy
Ident 7777 economy's picture

(I'll bet you thought they were from Texas too)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

What remains a big, dark mystery in my mind is - how did Dubya end up in baseball as the managing partner of the Texas Rangers?

What strategic value to the NWO is baseball anyway?

This conspiracy stuff just gets murkier and murkier the deeper one digs ...


Mon, 04/04/2011 - 12:17 | 1132812 greenbear
greenbear's picture

+1000  This a planned demolition of the US economy towards the goal of a fascist NWO.

Mon, 04/04/2011 - 10:55 | 1132358 Ident 7777 economy
Ident 7777 economy's picture


IMF Says US Must Raise All Taxes, Cut All Entitlements By 35% To Contain Future Budget

- - - - - - - - - - - - - - - - - - - - -

Well ... Duh!!!!



Mon, 04/04/2011 - 10:55 | 1132361 max2205
max2205's picture


Mon, 04/04/2011 - 10:56 | 1132362 plocequ1
plocequ1's picture

Simple solution.

1- Pay off your Debt

2- Pack your shit


Mon, 04/04/2011 - 10:56 | 1132365 bob_dabolina
bob_dabolina's picture


Mon, 04/04/2011 - 11:05 | 1132391 plocequ1
plocequ1's picture

Head due west where the sun sets. Turn left at The Rocky Mountians

Mon, 04/04/2011 - 11:22 | 1132476 Rusty Shorts
Rusty Shorts's picture

I, Hatchet Jack, being of sound mind and broke legs, do leaveth my rifle to the next thing who finds it, Lord hope he be a white man. It is a good rifle, and kilt the bear that kilt me. Anyway, I am dead. Sincerley, Hatchet Jack.

Mon, 04/04/2011 - 11:39 | 1132573 plocequ1
plocequ1's picture

Im going to find bear, beaver, and other critters worth cash money when skinned.

Mon, 04/04/2011 - 11:41 | 1132587 Rodent Freikorps
Rodent Freikorps's picture

Jeremiah Johnson: How does the war go?
Lt. Mulvey: Which war?
Jeremiah Johnson: The war against the President of Mexico.
Lt. Mulvey: Why, it's over.
Jeremiah Johnson: Who won?

Mon, 04/04/2011 - 11:46 | 1132634 Rusty Shorts
Rusty Shorts's picture

I ain't never seen 'em, but my common sense tells me the Andes is foothills, and the Alps is for children to climb! Keep good care of your hair! These here is God's finest scupturings! And there ain't no laws for the brave ones! And there ain't no asylums for the crazy ones! And there ain't no churches, except for this right here! And there ain't no priests excepting the birds. By God, I are a mountain man, and I'll live 'til an arrow or a bullet finds me. And then I'll leave my bones on this great map of the magnificent...

Mon, 04/04/2011 - 11:54 | 1132675 Rodent Freikorps
Rodent Freikorps's picture

Great movie. I'm going to go rent that.

Maybe Little Big Man, too.

Mon, 04/04/2011 - 14:45 | 1133599 plocequ1
plocequ1's picture

Dont forget Papillion.

Mon, 04/04/2011 - 11:06 | 1132403 Gimp
Gimp's picture

Can I jump right to step 3?

Mon, 04/04/2011 - 11:08 | 1132405 SheepDog-One
SheepDog-One's picture

If youre going to run, why worry about paying off your debt?

Mon, 04/04/2011 - 11:29 | 1132533 JohnG
JohnG's picture

+ 14 trillion and counting!

Mon, 04/04/2011 - 10:58 | 1132368 Josh Randall
Josh Randall's picture

This sounds like the establishment is getting nervous, when fraudclosure gate breaks the 60 Minutes mass of viewing sheeple, you know there is Trouble in River City for the Banksters. Lets see whom endorses this tact for higher taxes ad less food stamps on behalf of the IMF, and decides to champion this in the budget discussions...

Mon, 04/04/2011 - 11:38 | 1132581 Widowmaker
Widowmaker's picture

The establishment got nervous long ago, hence sending all National Guard soldiers to "train" in the desert.

Ask any you know that went there if they manned checkpoints to get the conversation started.  Urban assault?  No problem, it's only a matter of equipment.

Today's youth is tomorrow's domestic enforcement, trained since 2001, brainwashed with the new status quo.

Remember, "no one saw it coming."

Mon, 04/04/2011 - 10:58 | 1132372 Note to self
Note to self's picture

Maybe Obama should do what Fuld did when the final squeeze began - get on the phone and start begging with supposed friendly parties.  Have we approached Canada on a leveraged buy-out of us lately? We've got NGas fields, they've got tar sands - let's merge!!!  

Mon, 04/04/2011 - 10:59 | 1132376 Mises
Mon, 04/04/2011 - 11:03 | 1132377 Eureka Springs
Eureka Springs's picture

Count on the Shock Doctors at the IMF to continue to ignore all their failures including ignoring the global kleptocracy they represent. The only thing one should thank the IMF for is taking their suggested solutions as the gosel of what should not be considered.

Establish rule of law at the top.

End corporate personhood.

Tax the hell out of the rich.

And yes, cut some stuff, but amputate all limbs of the MIC budget first. AT least an 80 percent reduction in MIC.

Abolish the IMF!

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