The head of the Federal Reserve Bank of Dallas, Richard W. Fisher recently spoke in front of the Commonwealth Club of California. In his speech at the club, Fisher remarked that the unfunded liabilities from Medicare and Social Security adds up to $99.2 trillion. Assuming Fisher's figures are accurate, this country cannot possibly pay off the debt and fund these unfunded liabilities from the Medicare and Social Security programs. The official government debt is approaching $10 trillion and combine that with these unfunded liabilities and it is obvious that this country is broke. It is broke because of this phony fiat currency system that allows the Federal Reserve a private central bank to print money out of thin air with little to no oversight. It is insane that a private institution is allowed to maintain a money monopoly by creating credit out of thin air when the government can do the same thing without paying interest.

Below is a blurb taken from Fisher's speech.

Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent.

I want to remind you that I am only talking about the unfunded portions of Social Security and Medicare. It is what the current payment scheme of Social Security payroll taxes, Medicare payroll taxes, membership fees for Medicare B, copays, deductibles and all other revenue currently channeled to our entitlement system will not cover under current rules. These existing revenue streams must remain in place in perpetuity to handle the “funded” entitlement liabilities. Reduce or eliminate this income and the unfunded liability grows. Increase benefits and the liability grows as well.

$99.2 trillion is an astronomical figure. Needless to say, there is no way that the American people will be able to fund these obligations and on top of that be able to pay off the national debt. The U.S. government continues to waste money on unconstitutional wars in Iraq and Afghanistan that are both based off of the phony war on terror. They also continue to waste money on all of these ridiculous unconstitutional institutions and programs by borrowing more and more money from the Federal Reserve. Speaking of the Federal Reserve, they have since its inception maintained a consistent policy of devaluing the U.S. Dollar through the authority they were given by the Federal Reserve Act to issue credit out of thin air. The end result has been this private banking system asserting financial control over the U.S. government, taking control of the media and creating crises to further their power and influence.

There is absolutely no way for the American people to fund these Social Security and Medicare obligations. This country is being sent into receivership by the architects of the New World Order. Over the next several years, the United States will become a third world country unless something is immediately done to drastically cut government spending, end our military empire and the Federal Reserve abolished.