Don already having told those at the last meeting of the 9/11 documentary contents. From attendee comments after the viewing: 1) Where other aircraft hijacked on the same day? 2) Where seven buildings -- excluding the Pentagon building -- destroyed on that infamous day? AND of course 3) Was public indignation turned in the right direction; "... buildings don't fall that quickly".
Sufficient time remained for three economic discourses, one a audio cast the other two from the same sourced back in February (audio-visual).
The three covered subjects:-
- Validity of statistics, how reliable are they as related to those attributed to China and the US currently.
- Government released financial statements at variance with "GAP/GAAP based accounting" goto http://www.investopedia.com/terms/g/gaap.asp#axzz1ty7V8e43 for definition.
- Immediate above and the G.A.O. (Government Audit Office) -- Why it will not "sign off" submitted financial statements.
- National insolvency
- Money creation
- Budget deficits
- Hyper-inflation
- Affects of stock and bond prices both domestic (America) and in Europe.
Following Don summed up the comments presented in the dialogue question and answer format just viewed and heard:-
- Taxes raised don't cover debt.
- Unemployment figures in America more likely at 22%, an increase to that officially stated.
- Wages less than what they were 10 years back in the US. Don thinks it most likely the same here as would be that for unemployment.
- Funding from Europe supporting Asian business's have sharply declined e.g. The Chinese government intend removing the central bank's monopoly to lend.
- In America because of homeland security and welfare etc., the federal government can barely raise money by taxing and cannot borrow sufficient funds for much else.
- Apparently banks as well as government since the GFC burdened with debt print money into circulation.
- From 2. and 3. above, the economy is worst than in 1930's.
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