Author Topic: 58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe  (Read 1852 times)

Offline kalash

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http://theeconomiccollapseblog.com/archives/58-facts-about-the-u-s-economy-from-2015-that-are-almost-too-crazy-to-believe
"...#58 - An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House.  That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go."

Online supsalemgr

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http://theeconomiccollapseblog.com/archives/58-facts-about-the-u-s-economy-from-2015-that-are-almost-too-crazy-to-believe
"...#58 - An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House.  That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go."

Don't forget congress was complicit with this disaster.
"If you can't run with the big dawgs, stay on the porch!"

Offline KenJackson

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And since China, Russia and most other countries are dumping their existing US treasuries instead of buying new US debt, all that new borrowing comes from the Federal Reserve.  And where does the FED get all the money?  It prints it.  Just like Zimbabwe did in 2008.

Here's a graph of what happened to the Zimbabwe dollar, and an example of what will happen to the US dollar:


Offline daidalos

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And since China, Russia and most other countries are dumping their existing US treasuries instead of buying new US debt, all that new borrowing comes from the Federal Reserve.  And where does the FED get all the money?  It prints it.  Just like Zimbabwe did in 2008.

Here's a graph of what happened to the Zimbabwe dollar, and an example of what will happen to the US dollar:

Contrary to popular myth, the Fed doesn't print money. It borrows money, on your behalf.

Also the national debt is not, 8.16 trillion, it's 18.6 trillion.

http://www.justfacts.com/nationaldebt.asp

Which is why thanks to our wonderful Congress and President, every American household existing today, is currently on the hook for nearly a quarter of a million dollars.

And that's IF we don't ever, from now onwards, borrow/add more to the already existing debt.

Which due to the Rino's infesting our Congress like Ryan and Rubio, we already know isn't going to happen.

I know it's almost cliche now, but I'd start investing in real value, like Gold, Silver, gems now.

Because in the very near future, your paper dollar's aren't going to be worth Anything.

And this:



Is going to be America of today.




One of every five Americans you meet has a mental illness of some sort. Many, many, of our veteran's suffer from mental illness like PTSD now also. Help if ya can. :) http://www.projectsemicolon.org/share-your-story.html
And no you won't find my "story" there. They don't allow science fiction. :)

Offline KenJackson

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Contrary to popular myth, the Fed doesn't print money. It borrows money, on your behalf.

The site you referenced says under G. Ownership that the Federal Reserve owns 19% of publicly held debt as of a year ago.

Nineteen percent?  Where did the Fed get the money to loan the US 19% of what it has borrowed?  Nineteen percent of the total?  That's a LOT of money.

My understanding is that The Fed has a zero balance checking account against which they write checks that don't bounce.  That's not physically printing currency, but what's the difference?  They're creating new currency that competes with the dollars in our pockets and savings accounts.

Worse, the same site says China owns 21% of U.S. government debt by foreign creditors as of April of this year.  Twenty one percent!  The problem is, they are no longer loaning us new money.  And even worse, China, Russia and other countries are selling off US debt.

But WHO is China and Russia selling their US debt to?  WHO is buying US debt?

There was a story a few months ago about a mystery buyer in Belgium that was buying more US debt than the total GDP of Belgium.  It's been suggested that this can only be the Fed.  The Fed is buying US debt now since no one else wants it.

The Fed is printing money.

Offline kroz

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The site you referenced says under G. Ownership that the Federal Reserve owns 19% of publicly held debt as of a year ago.

Nineteen percent?  Where did the Fed get the money to loan the US 19% of what it has borrowed?  Nineteen percent of the total?  That's a LOT of money.

My understanding is that The Fed has a zero balance checking account against which they write checks that don't bounce.  That's not physically printing currency, but what's the difference?  They're creating new currency that competes with the dollars in our pockets and savings accounts.

Worse, the same site says China owns 21% of U.S. government debt by foreign creditors as of April of this year.  Twenty one percent!  The problem is, they are no longer loaning us new money.  And even worse, China, Russia and other countries are selling off US debt.

But WHO is China and Russia selling their US debt to?  WHO is buying US debt?

There was a story a few months ago about a mystery buyer in Belgium that was buying more US debt than the total GDP of Belgium.  It's been suggested that this can only be the Fed.  The Fed is buying US debt now since no one else wants it.

The Fed is printing money.

That sounds like a vicious circle spiraling downward!

The next prez will be facing serious problems as a result of this.  The FED has protected Obama's ass for seven years and counting.  Don't expect them to do the same for a Republican!

There is no way out of this short of drastic austerity!

Online supsalemgr

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That sounds like a vicious circle spiraling downward!

The next prez will be facing serious problems as a result of this.  The FED has protected Obama's ass for seven years and counting.  Don't expect them to do the same for a Republican!

There is no way out of this short of drastic austerity!

"There is no way out of this short of drastic austerity!"

You are absolutely correct. However, austerity is a banned word in Washington. Politicians will take the other route - TAXES. Then they will spend it rather than paying down the debt.
"If you can't run with the big dawgs, stay on the porch!"

 

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