U.S Secretary of Treasury : Timothy F. Geithner Says U.S is now insolvent!

This is a video series from Corbett Report & Media Monarchy that uncovers the subtext & gives you the context on some of the most important developments in alternative news & open source intelligence. Timothy F. Geithner also now gets credits for his statement from Jochen Wermuth who say, America is a “Mickey Mouse economy” that is technically bankrupt, according to Mr. Wermuth, who is the Chief Investment Officer (CIO) and managing partner at Wermuth Asset Management. “America today looks like Russia in 1998. Consumers, companies and the government are all highly indebted. America as a result is a bankrupt Mickey Mouse economy,” Wermuth told CNBC.

The Economist agree as well as all other financial media as well as virtually all economists, academic and business and policy-makers are focusing on the official debt. For the US, the official debt is $14 trillion. This is minor compared to the fiscal gap, which includes all liabilities, official and unofficial. The United States national debt has actually passed $14 trillion. For each dollar spend by the US federal government 40 cents is borrowed. So technically, the US is already bankrupt because it has a debt that is almost four times the size of its economy. Lawmakers in US Congress are saying that their major priority is to tackle and find ways to reduce the national debt, yet they are unwilling to see that the only way to avoid fiscal insolvency is to have a dual approach: Cut spending on one hand, and increase taxation on the other. Short of this, the United States will never get out of this giant hole that it has dug for itself. During his state of the union speech, President Obama said that we need a new “sputnik moment”. America’s Sputnik moment should be to make drastic cuts in its military spending by getting the US military out, sooner than later, of Afghanistan, Iraq, Germany, Japan and South Korea.

Secretary Geithner`s Debt Limit Letter to Congress

Giant Underground Chamber Found On The Moon!

Giant Underground Chamber Found On The Moon By India’s Spacecraft Chandrayaan-1

Just found this now! And almost immediately i started to think of off course my friend John Lear and his amazing revealing`s about the moon, but also Vladimir Terziski and his research about the old Nazi space programs. Where he thought a long time ago that the Germans landed on the Moon as early as probably 1942, utilizing their larger exo atmospheric rocket saucers of the Miethe and Schriever type. He also states:  “I have proved beyond the shadow of a doubt that there is atmosphere, water and vegetation on the Moon” But i`ll get back to that later. The Indian Space Research Organization has now anyway discovered a “giant underground chamber” near the Moon’s equator, in the Oceanus Procellarum area discovered by the  spacecraft Chandrayaan-1 more than one mile long (1.7 kilometres) and 393 feet wide (120 meters)-big enough to contain a small lunar city.

The Indian researchers have published a paper detailing their findings and talking about the possibility of making this giant underground vault as a future human base. The settlement would be protected from radiation, micro-meteor impacts, dust and extreme temperature changes by the lava structure that provides a natural environmental control with a nearly constant temperature of minus 20 degrees Celsius (-4 degrees Fahrenheit), unlike that of the lunar surface showing extreme variation, maximum of 130 degrees Celsius (266 degrees Fahrenheit) to a minimum of minus 180 degrees Celsius (-292 degrees Fahrenheit) in its diurnal (day-night) cycle. In addition, lunar explorers would only need minimal construction, without the added cost of having to use expensive shields against the hazardous lunar environment. More to come…

via silicon India and gizmodo.com