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US Treasury slips into the red announcing $13 trillion debt

Published time: June 04, 2010 09:14
Edited time: June 06, 2010 23:55

The US government has poured $10 trillion into Wall Street in various forms of loans and purchases. So actually the public debt is quite small compared to what the US did to Wall Street, author Les Leopold told RT.

But that is not the issue, the author of the book “The Looting of America” says, claiming it is just a smokescreen for much bigger issues.

“There is a battle going on [at] a global level between sovereignty of the nation state and international community. It’s a very serious battle about economic policies are going to be set. Is it going to be set to please the markets or is it going to be set to please the needs of people of these various countries? And that is being played out right now.”

Comments (5)

Vladimir 06.06.2010 10:39

The Jewish bankers will eventually enslave all human beings on Earth. That is what it is all about. They do nothing but the same the mafia bosses do, omly at a much lower level. All tyrants throughout history used doing exactly the same: They have been living from taxes that the masses pay. Who will control US is a key issue now in a battle that is about who will control the whole world. My opinion is that either US is going to be controlled by Jew bankers, or it is going to be dismantled into 52 peaces. Grim are the chances for the US to survive. A new axes, Germany-Russia (supported by China?), might be that backbone that could stop the "globalists".

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joseph walker 06.06.2010 08:23

It all paper money,the consequences is only felt by the millions of humans who are manipuliated by the few and priveleged in society.Its govermets are just hollow empty shells of humans who are subservient to the rich and powerful These rich and powerful control its media and broadcasting.and its minions then bombarded they subjects with irrelevant garbage.Hence you have the walking dead.Prime examples take a look at English and American society.these walking dead are totally ignorant.Ask them an intelligent question ,and you will get a response of one walking in a zombie like state of mind.A vague and blank look of bewilderment,intelli gent questions dont register in the brain dead.ASk the same person on a celeberity,they light up they full of admiration. and know everything.Well they got the priorities right.An ignorant society.

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Jim 04.06.2010 22:52

There is no single 'hidden power' controlling world events, but there are two unifying factors driving the course of world events - power and greed. The mechanism behind power and greed is of course money - especially the control of money. It is unfortunate that the vast majority of people can not, or are unwilling to, see the big picture. Millions of people are too concerned with the process of simply surviveing and putting food in thier mouths - these people are perhaps the biggest victims. Millions more people have been distracted and missled by the glitter and trinkets of consumerism, becoming 'willing' victims. Millions more simply don't care about the big issues - they are more concerned about trivia such as who wins the world cup to take an interest in geo-political issues. Those who are left, traditionally called the inteligentsia, are fed a cocktail of lies and missinformaton through the media - intended to confuse / mislead / distract - and ultimatly control them. Finally, those few who do see the big picture, and are brave enough to attempt to facilitate change, are at best marginalised (called activists, terrorists, conspiracy theorists etc), or at worst imprisoned, maybe even 'going missing'. So yes, the 'people' do hold the key, however few will ever realise that let alone get the opportunity to turn the lock.

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