http://www.tonyrobbins.com/ Watch Tony Robbins discuss the $15 trillion U.S. national debt — how big is it really? And what can we do about the enormous fed…
49 thoughts on “The National Debt and Federal Budget Deficit Deconstructed – Tony Robbins”
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This is such a simple breakdown of the national debt that a C student in grade school could easily understand this.. and might even have more common sense than many grown ups after watching this.
Since 1985, many items have been taken ‘Off Budget’ to hide the true size of the deficit.
All new money is loaned into circulation as an unpayable interest bearing debt. Forcing society to borrow to have a medium-of-exchange creates economic servitude. Since this system only creates the principal and never the interest, the debt is always greater than the money supply.
This fraudulently created debt forces American citizens to borrow constantly so the system can function.
It’s the Private Debt that hurts us the most.
$50 Trillion!
Paying off the National Debt only:
Reduces the money supply, or
Creates a larger Private Debt!
The Interest on this HUGE and unpayable debt is added into the cost of everything we buy!
HOW COULD THIS BE?
“Money is Created when loans are issued and Debts incurred. Money is extinguished when loans are re-paid.” -Congressional Research Service
MONEY IS DEBT, DEBT IS MONEY that’s the problem.
The solution. Governments do not borrow the money from central banks. Money is changed from debt money to wealth money. All new money would now be created and exchanged into circulation as a Wealth(debt-free) payment for the labor and raw resources used in combination to build and maintain our roads and bridges. These are a Wealth produced that benefit ALL citizens equally. And the money circulates freely for the exchange of good and services. It’s not owed back to anyone.
According to Macroeconomics e19, “discretionary fiscal policy (2001-2009) increasingly relied on tax breaks rather than on changes in spending as its main tool.” As Obama said in the 2nd Presidential debate, we need to end tax loopholes to wealthy corporations. It’s the private sector that is taking a disproportionate share of the economy in tax breaks and outdated subsidies to oil companies, etc. Macro economists say cutting spending would raise unemployment and cause a deeper recession.
Will Grover Norquist Republicans allow discretionary fiscal policy to reduce, adjust, or close tax loop holes that pay for wealthy corporations’ jets, will they give oil companies another subsidy on top of their skyrocketing profits, will they allow cuts to the USDA to lay off food inspectors? Tune in next time, for Boehner’s next Fiscal Policy Cliff.
Well done Anthony. U r still 1 smart cookie, even though you mistakenly denied me my big win at Date With Destiny in Palm Springs 12/2010 (U pulled my ping pong ball out of the tumbler & I won a chance to win the Harley… u stomped on it?) Hope ur message gets to all those people in the US who blindly support leaders who are making our deficit worse by the day as they try to convince their constituents that taxing the rich, and even everyone else, will cure this cancer. AMERICA; STOP SPENDING.
solution: bankruptcy, turn up the money printing presses to “ludicrous speed” or simply don’t pay
Tony should do a deconstruction that focusing on spending cuts and he’ll realize there’s not enough money to fix the problem that way either. And that’s not even counting the negative impact shrinking the economy through spending cuts would have. The global economy is so big because of the creation of large amount of debt money. This debt money (in both the public and private sector) is backed no by things of actual value but promissory notes of governments and individuals to pay it back.
you got big perfect fat teeth
war creates debt banks create debt. In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion
All the Liberals I know say to BOTH cut programs and raise taxes. Not sure where he got the idea that “The Left” just wants to raise taxes. That’s odd.
Start a war, barely any of the deficit is owed to china. And besides what is going china to do, nuke us, they can’t transport their forces to the continental us, they only have 1 aircraft carrier while we got 11?
The people in congress and that sit in all those seats in D.C. & cut their pays. Give them 30k, 40k a year and if they can’t do their job, out they go. You see, when they no longer have all their extra homes, perks, they too will feel what we, the little people, go through. The laws WILL apply to them. No longer will they look down on us and say “too bad”. Stop sending $ outside the U.S. & keep it here. Stop being world police and deal with us. The world has their policies and laws. Keep it here
Discussing national dept while the big players avoid all taxes while polluting our planet is rather trite. Is asking oil companies to pay taxes considered soaking the rich. Give me a break. Clean your house and our planet and then talk to me about these rediculous figures. Got a feeling none of it will matter in the near future. At least if things continue as usual.
some of that money was counted twice, corporations are simply conglomerates of individuals, some of the richest individuals in america get their money from corporate profits, when u confiscated the profits and then the rich people’s incomes there mustve been some overlap
Regardless of left or right, this is one of the best presentations on how BIG the problem is I’ve seen and don’t see how anyone from either party wants to defend their position – the problem is bigger than party politics and I think Tony did a good job of staying above it with creative examples.
picky picky. you get the point.
Truth! Thank you, Tony. I’d love to know where we can see and learn like this more often. The country direly needs more of this!!
This video is fundamentally misleading, and I believe it’s intentionally so. It’s obvious to everyone that we aren’t going to solve this problem in one year, and I haven’t heard anyone suggest we take everything from the rich. That seems like just a straw man erected by the wealthy to avoid the issue that many, though not all, of them pay lower tax rates than normal Americans.
Comparing the debt numerically from 1776 to 1980 was misleading (I suspect intentionally) because it ignored both the enormous growth of the economy and inflation.
Our national debt is a large problem in the long term, but not the short term. Our largest short term problem is conservatives trying to convince the world America is no longer a safe place to invest–because once they’re convinced, then we have a real crisis.
Excellent video, Tony! I hope this video can reach many of the disengaged within the country before it’s too late.
Nice try Tony, but, like the rest of you scum-dicks, Obama won anyway despite your legerdemain. “What you really believe is what matters.” That’s right baby! And I bet YOU can’t believe it. BTW, can I have some of your teeth? I’ve only got 32 and surely you could spare about twelve or so without anyone noticing.
I don’t believe that the examples given even get us that far! There were a few instances that seemed to me to double dip. One example is that you took money from all the households that made more than $250,000 a year, but then we took all the money from the uber rich? Didn’t we do that with the $250,000 example? And we took all the profits from all the companies, but then we somehow retook the profits that came from holiday spending? This just means that we are in worse shape than we thought!
Tony projects himself as Mr Reasonable however Tony is a Big Bad Wolf in Lambs clothing spawned from the same wool factory as Obama, Clinton and Blair. The $117 billion spent yearly on wars is taxpayers’ money, benefiting private corporations. However, the biggest war is fought daily against US citizens, 9/11 and the Patriot Act were designed to curtail hard won freedoms. They are now part of the Great War against Humanity, the war to enslave us all. The bottom line is no longer $’s but FREEDOM
I think you’re missing the point. The point he was trying to make is if we took taxing the rich to the most extreme point, as well as the other corporations, then we would only fund the government for a year. After that, we wouldn’t have anything left to tax and take from. We need to have a balanced budget where we spend only what we can take in. Then the debt situation will not get any worse.
60% of all companies pay NO taxes. All European companies doing busines in the USA pay no taxes! Facts that are never discussed!
So true, very well said!
you lack logic and tact. good luck
it is all the debt that people depend make em slaves of the banks
WOWWWW GREAT VIDEO!!!!!!!!!!!!!! CAN SOMEBODY SHOW THIS GREAT TONNY’S ANALYSIS TO WHITE HOUSE PLEASE?????
We actually have a $222 trillion debt if you count unfunded liabilities such as social security and medicare payments as corporations are required to do.
This is very well done and very similar to Bill Whittles’ “Eat the Rich” Video!
Have you heard about Certor Cash Code? (Google it) It is a simple way for you to get more cash fast.
Economic collapse is what is next….it’s inevitable…
If money is intangible, why do we even need taxes… Just have them print 5% of GDP and you don’t have to worry about paying interest to bond holders, nor do they have to spend money paying for IRS, or paying to jail and feed people in jail for tax evasion. Then just add a 10% sales tax (except for on items of need so it doesn’t unfairly hit poor). No more making and hiding money illegally to avoid taxes because if you buy something it automatically gets collected.
why the fuck would anyone dislike this video?
This guys viewpoint is misleading. Why doesn’t he talk about the revenues ? why only the spending? because if you dont talk about these 2 together you can mislead others and make them see what you want. Disagree 100%.
wow, brings into perceptive, the universe is 13 billion years old and the US deficit is 15 trillion dollars. i think that is 1 million and more dollars for every year.
Revolution: the only problems in the world today are manmade, made–up rules, so let’s change them. Watch “ManKINDer” on youtube for a simple rule tweak on inheritance that changes the purpose of modern human existence!
Can we get there fairly? What’s realistic. Aren’t we stuck? Maybe not. Watch “ManKINDer” on youtube!
If everyone would just listen to the facts instead of defending their guy(Obama or Bush), they would see the problems this country is facing.
corporate profits are seperate from individual profits… they even have seperate tax returns… You are confusing c-corps and s-corps..
bring us back to 1999
sure is right, i couldn’t believe it when my friend told me about this site. the thing is, i get sent a list of high paying surveys every few days and easy make around $60 off each list. its worth a try here: bit.ly/10zyVkl?=gesbr
Your point is that he did not address existing revenues. You are totally mislead. The exercise was to show what we are spending in terms of our most valuable assets. Do you not agree people need to wake up?
what do we do destroy everyone in the federal reserve
I’ll give you a hint to explain your financial situation and the inevitable future developments arising from the National Debth by refering you to the website of Martin Armstrong, probably the brightest economist in the world today, and his articles on Sovereign Debt Crisis? Ironically, like biblical Joseph, who was also in prison, and who could predict future by reading omens and interpreting dreams, this “Seer Of Vision” was 11 years in Jail at the Metropolitan Correctional Center in Manhattan