cost // Current TV

How Much Does It Cost To Insure a Nuclear Power Plant?

How Much Does It Cost To Insure a Nuclear Power Plant? •by Andreas Spath... more

belgacem
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3 months ago
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SUMATRAN TIGER - Vanishing Species...

There are only an estimated 400 Sumatran Tigers left in the wild, loss of habitat is a... more

BigCat
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6 months ago
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Can we afford it? We are spending $2 BILLION a week on Afghanistan war and 1,618 American have been killed

Video explains why the war in Afghanistan is a waste of money and human treasure.... more

BillCorcoran
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6 months ago
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1 comment

Pixels. Performance. Power. You’re New Laptop with AMD

Whether you are looking for a new laptop at home, work, or school, the options can be... more

YourUpdateTV
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6 months ago
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The Second California Gold Rush Hits San Francisco

Back in the 1800′s when James Marshall found a chunk of gold at Sutter’s... more

Eric_Kauschen
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8 months ago
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Amazon’s Lady Gaga Deal Cost Them Millions

Earlier this week Amazon offered Lady Gaga’s new album, ‘Born This... more

CarlosG
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9 months ago
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How Can We Pay for College?

Heidi discusses the challenges of paying for college when she and her husband fall... more

Progresshiv
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12 months ago
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Bankrupt America - The Irrelevance of the Debt Ceiling

By David P Shirk

Over the news we have been hearing about the idea of congress raising the debt ceiling. It has been pointed out that if it is not raised, then many entitlements will not be paid. On the flip side if the debt ceiling is to be raised even higher to cover the cost of all the programs that were promised, then there will be no way to meet that debt no matter what you raise taxes to. Indeed both of these options present some very serious problems.

If government entitlements and are not paid, and other contracts are not honored, then there is a very high chance that riots will indeed ensue when peoples dependency on receiving government checks is severed. However if the debt is raised to meet those contracts and entitlements for the coming year, then the amount of resulting debt extension will make the consequences for the following year more dire. Qe2 will not suffice as it still results in more government debt that we the people are bound as citizens to pay. Monetizing the debt (increasing the money supply to meet the debt), will only result in even greater damage for reasons to numerous to name.

Yet as serious as this problem sounds, it is at this point irrelevant. The amount of unfunded debt from 2010 going into this year (which is far more than merely raising the debt ceiling can cover) remains a problem that I have not even seen the news address yet (for more information on the exact amount and to whom it is owed, go to http://www.treasurydirect.gov/govt/reports/pd/pd.htm and for the exact breakdown, go to http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_dec10.pdf ). What you must keep in mind is that the number 4,624,007 is not expressed in the dollar amount, but rather in the millions, meaning that the real rolled over debt is 4,624,007,000,000 – 4.6 trillion.

Politicians on the hill have grown complacent to this number. After all, the same number at the end of 2008 was 4.3 trillion. So if we can continue to carry over debt from one year into the next without a catastrophe, why should they pay it any notice? Given this simple way of looking at things, it would seem like the debt can be allowed to simply continue to go up.

Yet here is the part that no politician wants to mention – how the debts were funded, and how were they rolled over. Heck, your average US subject would never even bother to go to http://www.treasurydirect.gov/govt/reports/pd/pd_sbredemptionsissuesbyseries.xls , and find out how this happens. This oversight of tracking how the debt is funded is what will cause the catastrophe. If you want a real jaw dropper as to the impending danger of what is happening, I encourage you to open the link. The amount of bonds outstanding (the money received by the government for the sale of the bonds), is not nearly enough to meet the debt rolled over from 2010 into 2011, let alone to fund this year’s budget. This is why the raising of the debt ceiling is irrelevant. The outstanding debt was 4.6 trillion – the amount of bonds it had to back it was only about 2.2 trillion, meaning that for the first time, we have 2.4 trillion dollars of debt, and absolutely no way to answer it.

In 2008 people like Peter Schiff, Gerald Celente, and Ron Paul warned of this danger. Yet so blind are most people to the nation’s economy, they laughed at them. The three people I just mentioned attempted to break the problem down into laymans terms knowing that most people would be lost if they dug into the specifics – and because people attack what they do not understand, they mocked them. The sad reality is that people missed the point of their arguments completely, and what is coming very soon is the result.

Yet those 3 (amongst many others) made 1 last warning knowing that the spending of government would not slow – and that was the danger of monetizing the debt. Monetizing the debt would mean that the FED would simply print the money into existence. Outside of running the very high risk of creating hyperinflation, there is of course another danger.

The Federal Reserve is not a government entity. It is a private banking institution owned by people who have little to do with our government. Their sole responsibility was to create a ....

http://www.peacefreedomprosperity.com/?p=3872By David P Shirk Over the news we have been hearing about the idea of congress... more

shanklinmike
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1 year ago
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18 comments

"Deep Government Pockets" - End The Fed

By David P Shirk

Technology is a very useful tool, especially if you happen to be a bank or financial institution seeking to maintain control of a nation’s monetary means. Or – a government that hails such nonsense as the only way to bring about order and peace. The truth is that the wheelbarrows of inflated money probably will not happen thanks to the wonders of technology, but what is to come is far worse. The reality is that those who clamor for financial regulation fail to see how such regulation furthers government power at our expense – not the fat cats.
For instance, Qe2 (quantitative easing) has the goal of injecting 500 Billion dollars into the market. Well, that’s the common misconception anyway. Sadly, despite this insane amount of money being tossed about (nearly $1,600 for every living man, woman, and child in the US), I would bet my bottom dollar that at least a third of the US population has never even heard of it. Of the two thirds that have, about one probably thinks it is simply the treasury printing more money, giving it to banks, and the banks will simply be lending it out to we the people to help our finances. The final third is divided, but smell a rat.
The main complaint of Qe2 seems to be the all too real threat of hyperinflation. The most historic example of such a policy gone wrong was after WWI when Germanys’ currency was printed to an excess so extreme that their money became worthless. Too much money, not enough goods. Yet inflation itself has little to do with the price of goods – that is merely the result of inflation. Inflation is in all reality the increase of money supply (hence the term), and until recently, was not measured by the price difference in a gallon of milk (a layman’s example – CPI for the more savvy). Yet the idea that such a thing happening today to such an extreme as in post WWI Germany is a little misrepresented, and therefore people tend to miss the bigger picture.
First off all, we need to remember that the bulk of what is on the banks balance sheets does not exist in terms of money that can be used by anyone at a store. In other words – the money that we use in bills and coinage represents less than 10% of what the banks have on their books. This is nothing new and has been going on for well over 30 years now. So the idea that an increase of $1,600 for every living person in the US will see us all pushing around wheelbarrows full of useless paper money is a little unrealistic. It is this fact however that has caused the US in large to completely ignore the danger of inflation for as long as they have.
So a gallon of milk may have gone up maybe a 30% in the last few decades – big deal. As long as people think of inflation as the increase in the price of groceries, some may just be able to justify that. Yet houses have in most cases gone up about 300%, and they cost far more then groceries. The price of renting an apartment has also skyrocketed percentage wise versus the 30% milk. Gas? Well, we all know that one. As to incomes produced from all this money – fairly flat for the last 30 years.
By not having to print wheelbarrows full of cash to pay for houses etc., and keeping the dollar amount on balance sheets only, the banks have figured out how to inflate a currency without people ever seeing it as a real problem. So money supply has become to the average person what the Greek God Zeus would be to a Christian – a mythical being that possesses no basis in reality. If you cannot see it, then it does not exist. Computers and intranets are needed to track the billions of cashless exchanges made each day. These provide the banks with the means to shift billions of dollars around each day that simply do not exist (at least to us peons anyway). So while many of us use technology like the internet to learn and expand our horizons, the banks use it as a dangerous weapon. I think the irony of that fact can only be eclipsed by the irony that our government places banking institutions as the #1 priority when it comes to cyber protection. Using an unconstitutional institution with an unconstitutional controller funding trillions in government debt while indebting an entire nation, the FED has really outdone itself.
But that is hardly the best part.
Qe2 is not new idea, and was already tried back in 2008. In 2008 the Fed purchased 1.7 trillion in US treasury and mortgages backed securities. That did not work, and we were told repeatedly by Obama, Bernanke, Geitner, etc., that the reason why is that it simply was not enough. That was over $5,400 for every living person in the US (1,700,000,000,000/310,000,000). How did such a large amount of money get thrown around, and at the same time, accomplish nothing?
First off – note what the money actually went to – buying the debt from the government and financial sectors (the ones who hold the mortgage backed securities). Keeping in mind that the Federal Reserve funds the US treasury, prints its money, and controls it, we know that the US Government and the Federal Reserve have a symbiotic relationship. This adds insult to injury. The insult is that those who chose to live within their means have their savings diminished by a body they have no say over. The injury is that those who speak up are either labeled as simpletons for attempting to put this problem into perspective in layman’s terms, or an idiot who dares believe themselves to be smarter than the government and FED.
Second is that the FED said something quite brilliant that pretty much sums up the whole mess. Simple put – the belief of people in a policy is the reality. This is after all how they have managed to get away with robbing us blind since 1913. As long as they can prolong the consequences and create the perception that they are acting in our best interest, the FED is in affect untouchable. Naturally it is not a true statement of reality, but rather how they can even flaunt their strategy, and the majority still does not get it despite hearing it straight from the horse’s mouth so to speak. Their perception on the whole matter has created a temporary reality that in the end brings ruin to entire nations. Government says a debt based economy is a good thing via central control via the FED. Let’s break that idiocy down shall we?
Debt – something that is owed or that one is bound to pay to or perform for another; a liability or obligation to pay or render something; the condition of being under such an obligation. National – of, pertaining to, or maintained by a nation as an organized whole or independent political unit; national affairs; owned, preserved, or maintained by the federal government; peculiar or common to the whole people of a country; devoted to one’s own nation; patriotic; concerning or encompassing an entire nation.
National Debt – money owed by everyone (that by definition is patriotic to pay – gag). $14,000,000,000,000/310,000,000 peop....

http://www.peacefreedomprosperity.com/?p=3867By David P Shirk Technology is a very useful tool, especially if you happen to be a... more

shanklinmike
added this
1 year ago
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6 comments

10 Impressive Predictions for the Future of Your Car

It won't be long before driving -- if you even have to drive -- becomes as... more

sunnyspeaks
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1 year ago
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8 comments

What the Afghanistan and Iraq wars are costing American taxpayer

Watch this video to learn the cost of the wars. http://tiny.cc/c27fg

BillCorcoran
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1 year ago
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The world's most expensive mobile - a diamond-encrusted iPhone costing a staggering £5 MILLION

This incredible iPhone 4 was yesterday unveiled as the world's most expensive... more

GoldenHeart
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1 year ago
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Brooks Conrad’s mistakes cost too much to him and his team.

Standing in his locker room, after the game, Brooks Conrad listened and answered to... more

garrysobbers
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1 year ago
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Shocking statistics on cost of Iraq and Afghanistan wars

Video shows how much the wars in Iraq and Afghanistan cost taxpayers and cost in human... more

BillCorcoran
added this
1 year ago
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8 comments

BILLONES DE $$$ ¿Cuánto le costó la "misión de combate" en Irak?

Para los que se han preguntado que paso con sus impuestos. La periodista de RT... more

eduardoquezada
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1 year ago
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US to charge £9 for Esta compulsory travel entry form

The US government is to start charging UK travellers $14 (£9) to apply for... more

CarolineS
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1 year ago
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Green Home Remodeling

More info here: http://www.ecobold.com/green-home-remodeling-spectrum-fine-homes/... more

EcoBold
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1 year ago
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Signs Supporting The Stimulus Bill Cost Taxpayers $1 Million in Ohio

CarlosBobthe3rd
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1 year ago
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1 comment

Pope's visit: £10-12m cost to taxpayer

The cost of the visit is said to be split between the church and the government,... more

Mcellie
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1 year ago
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BP’s Accidental Terrorism Brings “Silent Spring” To America « SpeakEasy

Is British Petroleum’s accidental terrorism, born from greed and incompetence,... more

Monkey_Films
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1 year ago
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