Mark Levin: Economy "Cannot Be Fixed Until There's An Ultimate Collapse" (audio)

RealClearPolitics ^ | December 11, 2013 | RealClearPolitics

[i88schwartz]

MARK LEVIN: They've got this massive debt reduction bill that cuts $23 billion over ten years and no future Congress will change its mind. Ever, never. He promises this. This would be the same Johnny Boehner who just two years ago -- really almost two and a half years ago -- signed off on the debt ceiling deal. Remember that one that had the sequestered cuts in it? And they're not going to back off of that, until they back off of it.

No, ladies and gentlemen I will repeat what I told Paul Ryan yesterday. And you've heard it all day long by other hosts, I'm sure. We have over $90 trillion unfunded liability. You know where they come up with that number? From me, it's in the Liberty Amendments because I calculated it. And ladies and gentlemen, soon it's $100 trillion.

You know what that means? That means our kids and their kids and every future generation is going to be destroyed because there's not enough currency on the face of the earth to address that. Then we have what's called the fiscal operating debt and I distinguish that from the unfunded liabilities, the entitlements.

[867V309]

So it's either hyperinflation or revolution.

I think it's hyperinflation THEN revolution. Imagine a US government without the power of the IRS and FED.

[hosepipe]

ONLY one serious solution to America “problem”...
..................... Civil War......................

Mark didn’t want to admit.. still don’t..
Who can blame him.... nasty business civil war..

The progressives will only release power from their cold dead hands..
It’s always been so, and will continue to be..

That’s why they are so successful at sedition and espionage..
Most non progressives are cowards.. not all but most..

By the time they get their nose full it takes full out revolt with the concomitant bloody massacre..
Even NOW the non progressives are just whining..

Have the death squads started YET?...
It’s only a matter of time.. unless its quietly happening now..
Vince Foster’s ghost is moaning...

[Stentor]

When it does hit how can we survive?

Gonna be a bar fight on an empty stomach even if you make preparations.

[garjog]

"as soon as GOP wins majorities and/or Presidency....then the roiling will start....to make it look like it is the GOP’s fault, of course."

When Costco goes bankrupt, gas is $50 a gallon, homes go un-heated and people are starving then it will get people's attention.

Let's hope who ever is president isn't an evangelical Christian or we will see public crucifixions, burning tire Necklacing and lion feedings.

[garjog]

"Who can blame him.... nasty business civil war."

The liberals infest the coastal states. I don't think we would have much chance around here where I live.

Maybe we can all move to Texas or Alaska?

[Blackirish]

Wrong....all of you. We’re swimming in oil. Drill, build refineries and pipelines. Crush the futures markets and step back.

[AllAmericanGirl44]

bkmk

[OldFashionedAmerican]

Yeah, we’re cooked. It’s so depressing to see so many people accepting unbelievable debt as normal and managable.

[98ZJ USMC]

When it does hit how can we survive?

And there's the 64 trillion dollar question. I've said this before and I'll say it again: Eventually, the competing victim groups that the left has created will start to eat each other for more and more of the pie. In time, they will destroy the Democrats and our political system will descend into chaos. There will be a power grab via martial law. The key, and the somewhat unknown is, who does the power grab?

I had always thought that, in such a scenario, the Military would come down on the side of re-establishing strict Constitutional order. I am not as hopeful of that anymore.

[98ZJ USMC]

Wrong....all of you. We’re swimming in oil. Drill, build refineries and pipelines. Crush the futures markets and step back.

Unquestionably, that is the road back. It won't happen under the Democrats.

[taildragger]

"We have over $90 trillion unfunded liability. You know where they come up with that number? From me, it's in the Liberty Amendments because I calculated it. And ladies and gentlemen, soon it's $100 trillion."

If my memory correct former Comp-Controller David Walker on Glenn Beck's show a few years ago now had a number North of 200 Trillion, 216 Trillion specifically and you add Obama's additional spending to it you are @ 226 Trillion was the latest number Glenn and Crew came up with.

A Trillion here, a Trillion their, pretty soon it adds up to real money...

[StormEye]

Soon everybody will be walking around with One Million Dollar Federal Reserve Note bills in their wallets.

[LibLieSlayer]

I agree with Mark... I often do.

[LZ_Bayonet]

Yes, a potential “4th Turning” scenario. In which case what would be important is WHO IS IN CHARGE WHEN THE CRISIS HAPPENS. In which case an argument could be made that the current budget deal is a good move if it helps take control away from the Left, i.e. The crisis will occur even if the budget deal were written by Levin, so position for crisis leadership.

[Justa]

“When it does hit how can we survive?”

Probably with small rations of potatoes, cabbage, black bread and vodka.

[tbw2]

What is a Fourth Turning?

[urbanpovertylawcenter]

The problem is not greatest on he who owes the debt, it is greatest on he who holds the note!

The borrower already has his benefit from the use of the money, the lender is the one who does not get his investment back.

Let the lender beware. The Federal Reserve is probably big enough to take the hit, but we are not.

Protect your assets. Spend it before it is worthless! Buy that vacation home now.

[ROCKLOBSTER]

Spend it before it is worthless! Buy that vacation home now.

No, buy something they can't find.

[MrB]

It wouldn’t matter where your “money” is.
When the US economy goes under, it’s gonna drag the rest of the world with it.

[MrB]

Sept, 2015.