Doomed for economic collapse

http://www.youtube.com/watch?v=eb1n1X0Oqdw

Hey guys, why do people continue to believe that unrestrained government expenditures and colossal debt won't ruin the western world? 

History is filled with examples of nations falling to pieces because of unsound monetary policies, but everyone in the US and Europe sits around thinking it can't ever happen to them.

Because of the logical fallacies disseminated into academia by statists such as Bernanke and marxists such as Keynes, their purpose being to convince people to accept apparent short term economic gain at the expense of long term economic stagflation and investment bubbles.

Normally I wouldn't recommend Glenn Beck to anyone without feeling like it was the admission I have a sixth toe.
This time, however, he has some validity.  Look up his research on how history books and what they teach in history has been drifting in a specific direction since at least the 1920s.

I happen to have had the fortune of a history book that actually admitted the New Deal only helped us avoid total destruction but did not help the economy do any better than that; the production requirements of WWII pulled the US economy from limbo.

Do you suppose it would ever be possible for all the governments to come together and just say, "Man fuck it.  Let's wipe the slate clean."  It's not as if any of them have something to lose; they're all in a steaming pile of shit, and much worse if they don't do something about.

>>4
You would never be able to get the debtor counties to do that for the indebted countries without some kind of exchange.  Not at this point.

>>4
It is possible, but it would collapse 1000s of major private banks who have given loans to governments and bring down the rest of the economy with it.

>>6
Those banks can suck my nuts.  Irresponsible lenders will die out, while rational and prudent lenders will survive.

It's eventually going to happen. Guarunteed. We can't use a debt-based currency forever.

>>7
Well, since the government won't wipe the slate clean it's rational and prudent to lend to them.

I say we pull a Fight Club and hit the reset button. The powers that be - Rothchilds, Rockefellers, Warburgs, Carnegies, etc. - they can all die in a car fire. The sheer fact that we're having to deal with this now in our day and time simply echoes another fact for decades to come - that the American Revolution was just fought in vain...that everyone who died to free us from central banking tyranny just died for nothing.

And to think it all started on Jekyl Island with a bill passed on Dec. 23, 1913 by a 33rd degree Freemasonic president by the name of Woodrow Wilson. True history bites back hard, eh? What's really sad is that the Supreme Courts have ruled Federal Income Tax unconstitutional and illegal even after the so-called ratification of the 16 Amendment.

we should have a flat tax tied to the deficit. then the only way to legally cut taxes would be to cut spending for real.

>>10
You're not going to inspire people to risk their lives with conspiracy theories, at least not the rational people you need to create a society more complex than a dictatorship. See the russian revolution.