(snippet from 2008)
The U.S. national debt reached ten trillion dollars for the first time. With the help of ongoing industry bailouts and unrestrained military spending, it exceeded $10.56 trillion in the month since. Even more significant is the cost in interest on this debt to the government; according to treasurydirect.gov, the govt. will pay $25.3 billion dollars interest in November alone.
Link
Someone should address "to whom" this interest is being paid? Where is the fancy "creative financing"? Is the gubbermint on an ALT-A? or some other stupid loan thought up by the Debt-Slavery makers?
ReplyDeleteThat is step ONE of the fixing of things.
There are numerous good books out there on Amazon.com. IE: "How to get out of debt and stay out of debt". Most of them are not rocket science and are rather easy to read and understand.
At least it can work for some folks. Why not our "Uncle Sam".
Of course I am being sarcastic.
The US is paying the FEDERAL RESERVE the interest I would imagine? Printed fake money to the US and with real money from the slaves for the INTEREST.
ReplyDeleteHong Kong just requested all of their physical gold be removed from London and taken to their own secure locations. China has given the green light to certain state enterprises to default on OTC derivatives and exotic financial instruments that could crush Goldman Sachs if China follows through. Gold broke out from it's tight trading rang and stopped $2 shy of $1000.
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@ 3:43 - How about a copy of "Debt for Dummies" for each and every Congressional representative? :)
ReplyDeleteI swear the House is of the mindset "I can't be broke I still have checks" and O is like a frat boy with daddy's credit card.
The actual debt is around $2 trillion, when you add social security and medicare.
ReplyDeleteI do not see any problem, we only need to print more money.
Geez, the American dumbed down mind controlled sheeple have no clue. They are going loose everything when the SHTF, which could happen any day.
It's happening, and it's happening now!
SHEEPLE are TV PEOPLE!
Turn off your TV and experience REALITY!
The above was suppose to read $200 trillion"
ReplyDeletePeople please use your Brain.....some of you are asking whom will pay the interest rate and some talking about gold....
ReplyDeleteWe are not using gold standard anymore and we are simply going to print money to pay the interest rate.....yes printing....and if you think printing money will kill the value of the dollar then think again...we are in the process of re-writting economic theories where now we have to take into account the psychological effect of the dollar on the world...money supply does not matter anymore, as long as people around the worl think Dollar=safe heaven and good value, even if you flood the market with US$ the value will not be affected
Anon 5:54
ReplyDeleteWhat you said couldn't be further from the truth. Nations around the world see what is happening to the dollar and they are moving away from it. All the BRIC nations are pulling away from the Dollar and they are four of the largest and most powerful nations in the world today.
It won't be long before the Dollar is worthless and will no longer be the world currency. You CANNOT print an endless supply of paper and expect it to keep its value no matter how much the currency is manipulated.
Eventually the Dollar will collapse, it's just a matter of time.
The USA hasn't used sound economic principles for probably 30+ years.
It won't be too much longer before all of you doom-and-gloomers are eating your words and I'll be laughing all the way to the bank. Y'all might as well sell everything you own and go camp out on a rock in Montana as you await the return of the hale-bop comit. What a bunch of dweebs! LOL! You freakin' morons! I need to take up a collection to buy you a clue. The guys running the Fed and our government have it under control. Take a deep breath for cyring-out-loud!!!!
ReplyDeleteIt's good living in Montana. Lots of beef and food there. Big sky country is the place to take a deep breath but not for the last poster who is clueless on whats coming. Lots of food for the survivalists but not for anyone who calls us morons.
ReplyDelete5:54 & 7:57 - I wish more people were more like you and aggressively proud of it. When you two are broke and starving it would therefore be easier to close my door on you, with no regrets or guilt. As opposed to people who just had no real warnings because they naively trusted the banker MSM.
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The truly ignorant, blind and PROUD deserve to starve and so they shall.
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