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Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.
It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the "benefit" of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.
It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.
And now we wait for the US to become Spain, and add the estimated "contribution" from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.
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WooHoo, we're #1!!! [in debt]
I guess Moodys will be downgrading the US without delay....LOL
They won't be making that mistake ever again.
Even the Debt gets a black friday and a Cyber Monday
MOAR hookers and blow BITCHEZ
$18 Trillion and I didn't even get a lousy T-Shirt
I dont even have a clue as to what 18 trillion is...
1.8 x 10 to the 13th power. Unfuckingbelievable. and somehow, I think the responsibilty for it is going to land on all of us...
To give you a clue on the size of that debt...
You live through your One Billionth Second roughly at the age of 31.68 years old.
Since One Trillion is equal to One Thousand Billion then, 31.68 Years multiplied by One Thousand equals, yes, it would take you over 31,680 Years to live One Trillion Seconds.
If the USA were to have borrowed at the very slow rate of One Dollar per Second then it would take over 570,400 years to get to $18 Trillion.
It is an amazing amount of capital, isn't it?
There is no way this ends well...
I am sorry but it will not end well.
Our economy has suffered irreparable damage at this point. Cancer does that. The Economy is currently on life support.
But the prognosis is terminal.
I am sorry.
America Stronk !
US debt held by the Federal Reserve at the end of 2013: A new record high!
Banksters “print” more money than ever!
http://failedevolution.blogspot.gr/2014/06/us-debt-held-by-federal-reser...
more debt is good for economy
"See, in my line of work you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda."
Bushism, 2005
Ok so the us debt is 18 trillion dollars at 103% of gdp.
what gets me is the interest that needs to be paid.currently the interest rate on the borrowings is 1-2%.so that is sustainable on the 18 trillion dollar debt. what happens if inflation kicks in or the interest rate on the repayment becomes double at 4% or even higher.
currently the us government pays 230 billion dollars a year, just on interest(2013)
That is why you pay $250,000 for a lunch with Bernanke over which he tells you interest rates will not rise in his lifetime.
"That is why you pay $250,000 for a lunch with Bernanke over which he tells you interest rates will not rise in his lifetime."
I sent Bernanke an invitation to lunch and my speech...$8.79, I was planning to take him to Burger King. I thought it was a good deal and included my speech but he never responded. Fucking asshole...I spent alot of time on my speech.
Assumes you buy into US GDP number which include Rentier transactions which have no value added for Main Street.... and that you buy into the Accounting reported.
Should we count GDP derived from Federal Spending?
All Sectors; Credit Market Instruments; Liability, Level
2014:Q2: $57.539 Trillion of Dollars
Quarterly, End of Period, Not Seasonally Adjusted, TCMDO, Updated: 2014-09-18
http://research.stlouisfed.org/fred2/series/TCMDO
hey barry, you are a fucking disgrace!!!!!!!!!
Need Dow 18,00 debt 18t hats
http://i.imgur.com/nJLf2X0.png
When "enough" is not "enough" Borrow moar. Let them 'Publicans sort it out.
I'll pay you back on Tuesday.
Makes sense, the hamburger forward offer rate has turned negative.
As We working class heroes used to say:
"I owe, I owe, so off to work I go."
Working Class Hero: 40 Jobs in 40 Years#FEMA
your arrest in your new HOME
http://tersee.com/#!q=fema&t=text
Well, with PMs smashed down, it seems like a good time to buy some 18-20 Trillion Dollar Platinum coins then, doesn't it?
Alternatively, we could just pretend that $175 Trillion in Debt+Liabilities is backed 0.2% by our Gold Reserve of 8,500 Oz., resulting in $1,244/oz. That way, the Top 0.2% is "covered". ;-)
Seriously, if you wanted to cover the $175T total with the alleged 8,500 oz of gold Reserves, you'd better make gold be valued at > $500,000/oz. Seems ridiculous, but no more ridiculous than the fiat Debt that the American Monetary and Banking Ponzi has created.
8,500 tonnes which would make $63k per oz
We spend some folks?
We outspended some folks.
we drone some folks
"It's important for us to explain to our nation that life is important. It's not only life of babies, but it's life of children living in, you know, the dark dungeons of the Internet."
Bushism, 2000
I'm not paying some folks.
Holy USA Chapter 11, Batman.
Sleep comfortably tonight knowing that there are only 18 Trillion other claims ahead of YOUR Social Security and Medicare 'entitlements' .
Don't worry they plan to have negative interest then we will be making money!!!
Thats what happens when you throw the budget out the window and start spending money like its coming out of a purse instead of a wallet.
Wayda go, obama and your congress you will go down in history as the biggest incompetent idiots ever to grace the hallowed, er, hollowed halls of gov't since Commodus, and I hope they name a bathroom fixture after you too.
Obama makes Nixon look saintly -- practically deifies him -- by comparison.
Not my debt--I paid my taxes, therefore, it belongs to somebody else.
Technically this is our debt, since our income tax dollars were used as collateral; a co-signor if you will.
That's the "hope" part of the "change".
Obama's intentions have been to destroy the United States of America and the white people who built every since he was a boy.
Bankrupting it works just as good as anything else. The Congress is afraid to impeach him because he is a Negro.
I might add that he is doing a great job of it. So many do not see that has been his goal from the start. He now has 2 years to finish us off and then retire on our wealth. So sad that most people would never believe that
They are afraid to impeach him because Joe Biden.
"If you like your deficit you can keep your deficit". Barry speaks the truth for once....
Does anyone understand the amount? A staggering 18 TRI-LLIONS! It's totally bonkers, unheard of!
Thankfully, it's not in physical paper. Otherwise, the 325 million Americans would have to be relocated in, say, the vast expanses of Siberia to make room at home for the stacks of bills.
What on dear earth does any country spend that kind of money on? What, precisely, is the gigantic money hoover? The Pentagon? The Congress? Who spends all that dough, and on what? If there was a shred of honesty, an audit of public expenses would be in line.
I always tell people: Go out your front door. Look around at things that people put there: Roads, telephone poles, homes, buildings, cars, curbs, sidewalks. All that stuff. Now ask yourself the following question: What did the FEDERAL money buy? Well, maybe a little bit of the roads. Phone poles? Private. Homes? Private. Businesses and buildings? Private. Cars and trucks driving past? Almost all private, except for the police cars (mostly local taxes, or state). Get the idea? What TANGIBLE things have come back to you for 17 TRILLION dollars? If a private company had that to spend, you'd be driving past their billboards every 200 feet.
Hidden Global Spy-MIC Octopus for covert & Overt Ops and Perpetual Spying and passing Financial Info. Direct payments to UK, NATO, Germany, Japan, South Korea, Australia.
Proxy Spies, Proxy MIC Corporate Contracts, Foreign Agents-Entities-Officials, WTO-IMF-WB-OECD-G20-UN-UNESCO Banking Investments... Bases in 400-700 Countries means greasing all of those Players.
But chances are 50% of professional Americans earn wages from Government Contracts or work for the Federal Government or Military. AT&T is government Contractor, GE, Google, Facebook, Yahoo, bunch of Engineering companies, Oil Companies, Construction, Logistics, Military.
Plus there has to be Fraud, Waste & Abuse... Government giving away money, Subsidies to Corporations, Bank Contracts.
@silverer
Nice rant!.....
....nimnoole.
No private companies have that to spend, but many of them have that to loan at interest.
It was spent on weapons. Do you think that B-2 Bombers are cheap at $2 Billion each? We only made 16 of them. Do you think Aircraft Carrier are cheap? What about those Nuclear Subs?
Tanks, Planes, and Patriot Missiles at $1 Million each are not cheap. Everytime that I watch one head off into Iraq I said to myself, "Yes. There goes 10 people's retirement check."
It was spent on the Militarization of the Police Force, Lawman.
It was spent on Social Programs. It was spent on Health Care. Pharmaceuticals.
It was spent on Oil.
An audit would not uncover anything too shocking. Besides it would not retrieve or recover any of the fraudulent expenditures.
WE are doomed and there is no fixing it.
I know that you want justice served. Don't you believe that I do? (Both you and I are a lot alike in that respect. It is somewhat funny as people like us have the same basic personality. We end up serving as teachers, preachers, psychologists and cops.)
I am really sorry about this.
Consider the proper application of our military hardware as investment potential.
Hopefully, we will reap, where we did not sow.
US Exceptualism.
I'll see your US Exceptualism, and raise you two Jew Supremists...
Hi! I'm here to cash $1 Billion's worth of "Intragovermental Bonds"
Yes, sure. Are you out of your ever fuck.ng mind!
We have no fuck.ng cash in the US Treasury.
But, but you promised.
You are one dumb sh.t head!
But, but I need the "money"!
OK sh.t head this is what we'll do, we'll borrow $1 Billion from you, the taxpayers, and give you the cash!
Once a sh.t head, always a sh.t head!!
If there is a physical debt clock, you'll most likely see Krugman standing by it with his cock in his hand.
I recommend you all get in shape. Gunna be rough hunting down squirrels.
The beauty of all of this is that the vast majority of all this huge debt is owed to the American citizen by the American state.
The first creditor to be defaulted upon will be .....................the American citizen.
We indebted some folks...
Just another $2 trillion and Obama will have borrowed more money than did all previous presidents combined.Debt is rising at more than $1 trillion per year, so it is on track exceed $20 trillion. Can he do it? Yes, he can!
I believe we've gone parabolicer.
si, se puede.
Debt is the new currency.
The NEW currency? It appears someone needs the crash course.
I want to take you higher....
https://www.youtube.com/watch?v=3fZBaPS_XvQ
Candidly speaking - we're fucked....
Debt serfdom served on platter...exactly as the Fed wanted from the get go!
http://olduvai.ca
easy cheesy folks:
1) Fed prints more more more and buys up at least half the treasuries. They are already holding a substantial fraction of outstanding debt, get it up higher.
2) Fed "forgives" that debt.
Presto...it be gone! The debt limit ain't a problem anymore!
All it really needs is a complex enough wrapper to confuse the stupid voters.
Debt limit = imaginary.
Zeros are free. Just tack a few more on.
Worked for zim dollars. owwww
I saw this coming a few weeks ago as Americans continued to hear from the media how robust economic growth has helped push the U.S. budget deficit down to the lowest level since 2008. Claims of the sharpest turnaround in the government’s fiscal position in at least 46 years are targeted at reassuring American that Washington has got our back.
The ugly truth many people choose to ignore is that starting in 2017 entitlements will become the driving force and carry the deficit in to nosebleed territory. Any claim that the Obama administration has the budget deficit back under control is a total lie. We are mired in the mist of the greatest government debt bubble in the history of the world. The article below looks into the risk that with the artificially low interest rates many people seem to have little desire to do anything about this.
http://brucewilds.blogspot.com/2014/11/deficit-poised-to-top-18-trillion.html
Better go get a cash advance on the credit card to make the interest payment on the credit card.
Wow...that's just like a perpetual motion machine!
Thank you Congress.
This is why America needs Scot Walker to be President. He'll fix the problem and won't care who whines about it.
He will care when the Tribe whines.
The debt held by the public, huh?
Well, I'M part of 'the public', and I say Fuck your debt! I never signed onto ANY of these ridiculous schemes and scams...go find the fuckers who DID and get it outta THEM.
But fuck YOU if you think I'M going to accept any responsibility for it. And I'm not kicking in, either. I participate in this economy as little as possible, and keep most of mine out of the system. And I'll do my damnedest to keep what I have out of government's nasty little grabby monkey-hands...
Held by the public my ass! This member of the public repudiates your stupid debt! Pay it your damned selves!
odiuos. simply odiuos, i tellz ya.
What Difference Does it Make!!!
Signed Hillery XOXO
We indebted some folks.
Edit: somebody beat me to it.
You know that Paul Krugman is off somewhere masturbating to the prospect of all of this new debt, and all of the debt to come in the future. MOARWARD!
+1 for "moarward".
"I love the smell of a new word in the morning. It smells like...vocabulary. Someday this woar is going to be over."
Apparently the US debt levels no longer matter. No one seems to care. I wish they would print out some money for me so that I can get my mortgage current! Fuck it! If I did not have kids, I would have just killed myself several years ago, oh well !
Went to my local family dollar today and the lady in front to me had her $20 tested for authenticity, When it was my turn to pay for my item, I asked her if she was going to test my $5? By the way family dollar has to be the worst discount retailer out there.
SH
Spoke yesterday to my brother, who turned 63 in November. He said one thing to me that stuck. "I have a pension."
In other words, he's not concerned about the level of government indebtedness, his position in society, or, realistically, just about anything else, so long as he gets his pension check each and every month.
I told him I bought 50 oz of silver the other day. He was not impressed.
He was a teacher in the NYC public school system, and still works there, part time. Hasn't started collecting SS.
I dunno. Seems he's done OK. Except if NYC goes "Detroit."
I have no pension, just silver, cash, farm tools and some land. I'll take my odds against his over the next six years. By 2020, the federal debt will be over $25 trillion. We'll both be collecting SS (I turn 62 next December and intend to start getting paid ASAP because the math says that if I don't, it will take me 12 years to catch up if I start at 65 and I think the math is going to get worse).
By the time the federal debt reaches $25 T, my 50 oz of silver will be worth what, exactly? $150 an ounce is my rough guess. That's still only $7500. I have more and plan on buying more.
With the way the gov't fights for pensions seemingly the only thing that can't be broken so yeah, to them it's like gold...
Do you really think a guy who spends $100 million dollars for a trip to Africa cares anything about public debt?
Obama lives in a politician's fantasy land completely out of touch with reality.
So... when do we start a massive war to wipe all this debt out?
Maybe this is why gold/silver had a huge/biggest ever reversal in a single day. Seems like someone in the tribe of goldmen knows something.
Let's just do the Greek thingy. Give all the bondholders a haircut and then see our credit rating rise because our debt/gdp ratio is falling significantly.
Not gonna happen?
Then how about we do the Cyprus thingy and take everybody's bank accounts in return for shares in zombie banks. With the stock market on a motorboat to Mars, this should make everybody a bunch of money.
Still not happening?
Okay, how about doing the Russian thingy where we take everybody's 401k and IRA accounts but continue to send them monthly payments as if they still had funds.
Hey, why don't we do all three at once. That should take care of the problem.
Can I subscribe to your newsletter?
Sovereign nations everywhere are piling up more and more debt : USA, the Eurozone, Ukraine, Japan, U.K.
The citizens in all of these countries will be held liable for these debts. And unfortunately citizens not yet born in these countries will be forced to service/repay debt that is being incurred right now.
Citizens across every country need to wake up. We live in a globalised world. What happens over there will have a bearing over here.
If Japan or some other debt induced nations defaults, the affect of that will the vast majority of every one us, and the majority of everyone else in the future
I agree with most of what you say. Except that young people will NOT be forced to repay those debts because they will never be repaid. They will be inflated away.
Brief zero hedge homework assignment...
Find out who is behind "US Uncut".
Wikipedia claptrap.
US Uncut is a decentralized direct action group in the United States established in February 2011 to combat corporate tax avoidance and highlight cuts to social spending and public sector jobs.
Leave me a message. I'm feeling the need to expose another faction for TPTB... and enlighten some muppets/sheeples at the same time.
http://www.lesliedreyer.com/news.html
That was fast!
Let's go for doubling it again Obma and Yellen! Onward to $36 trillion!!!
No more debt ceiling. Infinite debt and printing!!!
Krugman, your probably calling for massive spending and getting it up to $100 trillion quickly?
Start on you $30 trillion deficit party party hat Krugman, Yellen, Evans, Williams, Dudley, Obama and Chuck Schumer. Lets set a goal for $30 trillion before Obama leaves.
It's Zimbabwe or bust!
Where's my cut damn it.
The real debt is the one held by foreign government, about $5 trillion
The other $13 trillion is the sucker's money. It will be stolen in one way or another, so it doesn't count as debt.
Pensions will be seized, gov services will be cut etc etc etc.
The gov belongs to the citizens, theoretically. The citizens cannot owe money to themselves. The citizens are the suckers.
The only debt that matters is the foreign $5 trillion and that is it. Quite handlable
As long as the countries take the IOUs called the dollar we should go on a spending spree and perhaps triple the deficit.
Keep issuing dollars until countries refuse them. Perhaps increase the deficit to $36 trillion and have a real hoot.
Be a Japan except do it much bigger.
They are already refusing them, hence congress ordered the Fed to do QE.
No success. The more QE continued, the further USD got refused. Hence they had to stop it and currently unwinding it, lest the world totally drops it
All in the US are enslaved to the Masters to pay their debt.
And at least $12 trillion of the US economy is total bullshit so debt to GDP is far higher in reality.
The real joke is that it never gets paid back.
Default by devalue.
Can we just rename National Debt to National Credit(s) already? Its a meaningless number at this point I don't understand the fascination with it everyone knows its gone parabolic and is approaching escape velocity already.
"gone parabolic and is approaching escape velocity already."
LOL, how does people getting finite pay deal with a infinite debt federal reserve system?
Recall Germany in the 1920s and Zimbabwe.
I feel.... collateralized.
Ass raped rehypothecation. Correction.
All investors in U.S. Treasury Securities be advised, I’m planning to default on my share.
Bush's fault.
is it Racist to say he wrecked the economy ? lol
DOES anyone actually like Obama ? hello wookie ... yes/no ...
nope... pretty much everyone on this green earth hates his slime stinking sellouts guts ...
Some of this debt is your neighbor’s pension. They took the bailouts.
Do you know anyone receiving Social Security – they are the ‘obligation’ or debt.
We can’t afford police and prisons anymore, all are financed.
Undercover ISIS operatives are all around, we can’t afford to keep them out.
because there's a direct correlation between the teleprompter in chief and Fed policy.
Well for one, police over rated. Unless they are detectives or extreme pro active street cops. Not the case. Second, ,prisons a mere buisness.
I do so love the $0.28 at the end of that line.
That my friend, Is MY part of th debt.
Keep your eyes off those lase two numbers.
Only one thing matters.
The perception domestically and Internationally that the economy and government is able to service the cumulative debt as it comes due.
IF this confidence crashes and the US Navy can no longer keep the trade lanes open for business, - it will be the economic end of the world as we currently know it, as well as the US fiat system.
The ledger needs a little balancing. Euthanasia for the non-producers (poor and aged). We keep the navy afloat.
his name was newworldorder
and we miss him ever since the shipping lane closures of 2015.
The problem with the trillions that were given to the bankers is that the money was paid to get them out of the trouble that THEIR FRAUD SCHEMES caused and The People that DID NOT cause the problems have to PAY INTEREST on those trillions$$!!
If we are a nation of laws where is the Justice?
Justise is served to the Rich as they have different rules for them.
Financial Markets cover this up but when a News Story Breaks and some Elite breaks laws they never pay the price such as main streeters do. It has at least two tiers of Laws......Until this system breaks, the wealth stolen from the General Population it will continue, and the debt increases .
When Russia did not Comply and the talk about cancelling the US treasuries they held forced Russia to rethink their system. Trade now outside of the $US. may in the future cause lives lost in a Battle that enriches the Bankers. We the people......will fall again so they can eat and drink values that we dream about.
The system is wrong yet blidly we follow. Quite sad really. History will be wrote to protect them, those with their eyes open will have some explaining to their offspring when they through debt are Slaves to this corruption for Life.
Eric Holder took care of the Just-Us gang.
Holder= Bank Stooge.
Bright, Clean, Articulate...It's storybook man!
Exend Halloween sales to Black Friday Thanksgiving, extended sales to Christmas sales losses.
They may need to start on July 4th to trash 2015 end of year sales forecast.
IN GREED WE TRUST
The video brain image and DNA has significant influences.
on a long enough timeline, US debt is unserviceable.
queue up von braun's aliens, terraists are so last decade and we'll need another straction.
get to work, pentagon!
Of course.
But has the grandmother of the last man in the debt pool even been born yet??
question is has the queen that hatched the gene pool that brought us this misery been targeted for extermination yet?
but i get your point.
The exponential function says: I TOLD YOU SO.
Wait until the interest rates spike up.
Whatever happens, the taxpayers will take it up the a$$. We have no voice, representation or influence at the moment.
End the USURY
Where do you get interest on savings? Usury (temp) is dead.
It's only after the system has been milked dry will Interest rates spike. Taxes as well will increase this time to finance the Next War. The system is broken, yet it takes time for the elite to bail out, Then Watch Out.
It's after the 20:00 Hour of this day. Do you know where your gold is?
all Bush's fault
Some fads just will never fade.
The inevitable war that will come from this is probably why they are opening the borders up. Replacements.
Obama apologists.... in fact all political apologists appear to me as gas lighters, grifters, scum of the earth, traitors that pay lip service to ideals... the only other thing on Earth worse are the people that believe them.
In other news, Tyler pisses in man's cup and claims it's lemonade!
It till be up another 140% for the next poor sap that gets to be President too.
Go look at the long term chart of USA debt and it makes a nice hockey stick.
Seems like Zero heads is subcontracting this shit "reporting" to the useless MSM skin bags at FOX news.
Hey man, ummm money well spent here on the WOT.
Hahahahahahaha
"“There is a clear divergence of purpose here. Watching ISIS operate, it is clear they have received far superior training than that given the Iraqi Army, training the US spent several hundred billions dollars on. The secret training camps in Jordan, established three years ago but now “gone dark,” are staffed with elite Special Forces. There is strong evidence that the core of ISIS capability is tied to these bases in Jordan and “black budget” facilities known only to the likes of Senator John McCain, soon to take over as Chairman of the all-powerful Senate Armed Services Committee.”
Makes perfect sense to me. Not.
"Reports from Pentagon insiders tell of a strange and inexplicable “bifurcated” US policy."
Nothing like a great euphemism, eh?
We're spending billions fighting ourselves... Kewl.
http://www.veteranstoday.com/2014/12/01/neo-americas-real-ties-to-isis/
..."several hundred of billions" of dollars? Wow. Yup, no fat in the budget there.
$18 Trillion eh? Well I didn't vote for it, and I'm not paying.
This Sh#t keeps going as long as people pay taxes.
Actually ... they do not call them predatory loans for no reason. This is war. The collateral behind this debt is the land, its resources, including human resources and treasures. The bankers have orchestrated the collapse of the USA without firing a bullet. They'll turn the citizens on each other when the time comes (oh! it's ~here~). Tax evasion comes with hefty penalty and the future will see Americans hunted down, charged with tax evasion, arrested and sent into prison labor camps. I would have to say that for reasonable men to have let this transpire, there must be a threat (Samson Option) hanging over their heads, or they are infiltrative double agents, seating in high offices.
This is not just a conversation. You will suffer immensely whether you are fully self contained and have everything covered. I believe they are going to get what they want or devastate the entire planet through activation of nuclear devicies strategically positioned through all NATO countries but one.
There is no other explanation for how we got here than the Samson Option, I believe that. I also believe the holocaust (in its many descriptions) was an inside job, coordinated by the same people in order to gain public approval (this tells you how important public opinion is).
I believe as you do, but I would say to you; they can't arrest everyone.
The "Samson Option" is a possibility but it's also insanity, with it they destroy themselves as well.
http://www.cbc.ca/player/News/Business/ID/2623085441/
The Exchange with Amanda Lang | Dec 1, 2014 | 7:30
Crude and currency
Economist Jim Rickards weighs in on the impact of low oil prices on currencies
I do not believe anything this admin says. They are liars and frauds, all of them. Who knows what the debt really is? They have been taking debt off the books for the last 2 years. New accounting methods. The kind of accounting methods that would put us in prison for years.
LOL.........yeah just like they've been using the 11-12 million illegals number for the last 20+ years. More like probably 50+ million illegals in America now. America has become a joke! Seriously, especially as a middle class white boy I have no loyalty to this country anymore. It's done. This country can only take from me and give to those less deserving. If war broke out between the USA and Russia and Russia offered asylum to my family and children plus 50-100 acres of farmable land I'd move in a heartbeat and fight my own country. Sad to say........but that's what America has come to mean to me..........nothing but sh@t! Even the Rand Pauls of government are sell outs. He's a joke! His father (well arguably that one giant sucking sound old guy) was our last great hope for this country! And look how he was made to look....like a feeble old crackpot.
Our loyalty should always be to ourselves, to that which extolls or supports our values. It could be country, possibly state or county or even your race. For many it comes down to our family and even that can be tenuous. Many find themselves completely alone, loyal only to themselves and not really even knowing for sure what that is, what IS in our best personal interests. We are inclined to believe it is about the now, the most immediate interests as those are the easiest to understand, but honestly, the immediate is almost always the enemy of our future long term interests.
So consider your loyalties carefully.
But one thing is certain and that is that our government, our leaders, are NOT considering our best interests, only their own.
Think defensively but always be prepared to act offensively.
So if money equals debt in fiat fantasyland more debt means more money, right?
http://www.usdebtclock.org/
''I didn't accrue that debt."
Sowwie pols.
A government shutdown is not a shutdown when 17 percent of gubmint workers stay home - and e eventually get paid anyway. Without some kind of gov slow down, O's debt triples.
Dax back over 10000, Shanghai new high. Nikkei new 7 y high SMI new ATH .....DOW new ATH just fucking crazy
Their logic. Debt that needs not to be paid off ever, is pure cash. Logic of ubermensch.
They live and they are here in crystal cathedrals. How to recognize them from humans?
To be human is to pay off ubermensch mofos their debt.
Merkel destroys Putin and it's regime:
"Merkel interpreted Putin’s behaviour. “I understand why he has to do this — to prove he’s a man,” she told a group of reporters. “He’s afraid of his own weakness. Russia has nothing, no successful politics or economy. All they have is this.”"
http://www.businessinsider.com.au/merkel-on-putins-masculinity-2014-11
How many USD per ounce of gold is that???
That's 3200$ per ounce for ALL the gold ever mined:
18 000 000 000 000 U$ / (175 000 metric tons * 32150 troy onces) = ~3200 $ per ounce.
For the 8100 metric tons of US gold - supposing it's all there - that'd be:
18 000 000 000 000 $ / (8100 mt * 32 150) = ~ 69 000 $ per ounce,
For 8100 metric tons and all the official unfunded liabilities (see usdebt clock) thats
115 700 000 000 000 / (8100 mt * 32150) = ~ 444 000 $ per ounce
Debt backing with gold - bring it on.