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America’s national debt now exceeds $123 trillion

 
Herald Coy

User ID: 78265073
Switzerland
04/21/2021 10:33 AM
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Re: America’s national debt now exceeds $123 trillion
Talk about a house of cards come crashing down...

bert-facepalm
ondrunn

User ID: 78318396
United States
04/21/2021 10:34 AM
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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


Who will control the ground?
Agent 99

User ID: 77082640
United States
04/21/2021 10:34 AM

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Re: America’s national debt now exceeds $123 trillion
Putin mentioned this in his speech this morning.
25%
/7oo7/

User ID: 80264120
United States
04/21/2021 10:35 AM
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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


Yeah and the check is in the mail.

moe
Anonymous Coward
User ID: 79923528
United States
04/21/2021 10:38 AM
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Re: America’s national debt now exceeds $123 trillion
Yet another reason kill off a whole bunch of people


America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March.

Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, according to the latest edition of the “Financial State of the Union 2021” report, compiled and published annually by Chicago-based nonprofit Truth in Accounting (TIA).

But spending amid the pandemic represents only a small portion of the total difference between the official government figure and TIA’s calculation.

“Our measure of the government’s financial condition includes reported federal assets and liabilities, as well as promised, but not funded, Social Security and Medicare benefits,” the report stated.

“Elected and non-elected officials have made repeated financ

[link to www.theepochtimes.com (secure)]
 Quoting: Anonymous Coward 78699773


Cool, cool.
Who cares? Who do we owe that to exactly? What are they gonna do, write us a collection notice?

Another boogey man to scare you into voting Republican.
Just like Cliton was gonna take your guns! (And didn't)
Then Obama is gonna take your guns! (And didn't)
Now Bidedn is gonna take your guns for real this time! (He's not going to)
BRIEF

User ID: 79662918
United States
04/21/2021 10:40 AM

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Re: America’s national debt now exceeds $123 trillion
The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


So get your spade out and start digging for your country!
 Quoting: Anonymous Coward 79650013


I no longer do grunt work...I hire it done...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
BRIEF

User ID: 79662918
United States
04/21/2021 10:42 AM

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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


Resources are only worth something IF there's a demand for them though Brief!
 Quoting: -Kate-


There's always demand, God ensured that by requiring that we throw groceries down our neck and drive to the store to buy stuff, and go home to throw it away and flush it down the toilet...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 79149163
Canada
04/21/2021 10:42 AM
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Re: America’s national debt now exceeds $123 trillion
Usury is outlawed by scripture.

Charging it or paying it is a sin!

Hey Christian ya got a mortgage?

Uh oh.
 Quoting: Anonymous Coward 79630347


Yes this, it's because we become "slaves" to our lender and are kept in bondage.

This is a good read on the subject.

[link to www.biblemoneymatters.com (secure)]
Agent 99

User ID: 77082640
United States
04/21/2021 10:42 AM

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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


Who will control the ground?
 Quoting: ondrunn


Correct. The math on this when it comes to the Gold Standard is going to be tricky.

First 25% debt forgiven.
75 trillion debt = 250k per oz gold
25 trillion debt = 100k per oz gold

So they will have to decide on viable raw material/resources to balance all that out.
They will probably include things not transferred to the FED (Stock Market) which is unfair. Instead Banks with actual assets will be included, tangible assets, no more bullshit. Gonna be tricky.
Anonymous Coward
User ID: 79630347
United States
04/21/2021 10:43 AM
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Re: America’s national debt now exceeds $123 trillion
imagine, that PENTAGON yearly misspends, miscalculates 30 trillion dollars lol accounting errors muh
 Quoting: Anonymous Coward 79094923


Fighting for fake Israel.
Boy religious loyalty to Satan's seed and big oil costs a hell of a lot.
Anonymous Coward
User ID: 58367568
United States
04/21/2021 10:44 AM
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Re: America’s national debt now exceeds $123 trillion
NO and MORE NOPES.... it exceeded 28+Quadrillion 6 months ago.. it has not gone down.
 Quoting: ALL IS ONE IS ALL


look, the looney tune is making shit up and lying.

shocker.
 Quoting: Anonymous Coward 77086513


really my information is posted in my money section here and its from David Crayford of the ITC. Whose the looney toon here?hf
vivian tzamis
User ID: 80269252
Australia
04/21/2021 10:45 AM
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Re: America’s national debt now exceeds $123 trillion
American isnt in debt
Dont let them fool you into believing you owe anything to other nations
America --like Australia--has untold wealth in natural resources
Future generations will not be responsible for debt payments
Thats not how the system works
Nations cant be bankrupted--once they changed to non-convertible currency
China has a credit account with the Fed Reserve--funds which they can only spend in the US--they cant demand gold or anything else
So they cant call in the debt
Nor do they want to
They hide their stolen money in US banks becos then there protected by US Military Might

Read the short article below--The 7 Deadly Frauds of Economic Policy---it explains the Economic Deception

[link to cdn.underground.net (secure)]

Dont be fooled into accepting unnecessary Austerity
If you dont make DEMANDS on the Govt--they're just going to spend funds on their Globalist Projects
Anonymous Coward
User ID: 58367568
United States
04/21/2021 10:46 AM
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Re: America’s national debt now exceeds $123 trillion
American isnt in debt
Dont let them fool you into believing you owe anything to other nations
America --like Australia--has untold wealth in natural resources
Future generations will not be responsible for debt payments
Thats not how the system works
Nations cant be bankrupted--once they changed to non-convertible currency
China has a credit account with the Fed Reserve--funds which they can only spend in the US--they cant demand gold or anything else
So they cant call in the debt
Nor do they want to
They hide their stolen money in US banks becos then there protected by US Military Might

Read the short article below--The 7 Deadly Frauds of Economic Policy---it explains the Economic Deception

[link to cdn.underground.net (secure)]

Dont be fooled into accepting unnecessary Austerity
If you dont make DEMANDS on the Govt--they're just going to spend funds on their Globalist Projects
 Quoting: vivian tzamis 80269252


America is in massive debt it cannot ever recover from. see my posts above. Russia however has NONE.
Justme C'est Moi

User ID: 80193276
United States
04/21/2021 10:47 AM

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Re: America’s national debt now exceeds $123 trillion
The good news is, with hyper inflation, you will be able to pay off your mortgage with 1 week of working at a McDonalds. :)
Justme
Grove Street

User ID: 21983498
United States
04/21/2021 10:48 AM
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Re: America’s national debt now exceeds $123 trillion
bitcoin will save everybody.so will Doge...


they will soon erase the national debt..

lol
Grove

And this is why we can't have nice things.
Herald Coy

User ID: 78265073
Switzerland
04/21/2021 10:49 AM
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Re: America’s national debt now exceeds $123 trillion
NO and MORE NOPES.... it exceeded 28+Quadrillion 6 months ago.. it has not gone down.
 Quoting: ALL IS ONE IS ALL


look, the looney tune is making shit up and lying.

shocker.
 Quoting: Anonymous Coward 77086513


really my information is posted in my money section here and its from David Crayford of the ITC. Whose the looney toon here?hf
 Quoting: ALL IS ONE IS ALL


Gidzillion.

.
Anonymous Coward
User ID: 78197167
United States
04/21/2021 10:50 AM
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Re: America’s national debt now exceeds $123 trillion
Toxic debt that will never be paid off.

That is roughly $800,000 per working stiff.
rccola

User ID: 79830924
United States
04/21/2021 10:55 AM
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Re: America’s national debt now exceeds $123 trillion
The current public debt to gdp ratio is 107-129 percent depending on the source.

"The higher the debt-to-GDP ratio, the less likely the country will pay back its debt and the higher its risk of default. A study by the World Bank found that if the debt-to-GDP ratio of a country exceeds 77% for an extended period of time, it slows economic growth."

Somehow the US has tricked the above formula. I'll leave it to someone with more expertise to explain how it is being done.
Too Dark Park™

User ID: 76384311
United States
04/21/2021 10:56 AM
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Re: America’s national debt now exceeds $123 trillion
That's only what they admit to jerkit
Bless my fuck



"It’s in my interest, in ours perhaps, or maybe the interests of the greater good, for me to smoke a joint, and calm down.”
— Hunter S. Thompson



"I've got the spirit, but lose the feeling!"



:rockon:
Herald Coy

User ID: 78265073
Switzerland
04/21/2021 10:57 AM
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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


The resources are in the ground...Many quadrillions of dollars in raw materials...
 Quoting: BRIEF


Unfortunately, there.s no Industry to use any of these raw materials.

.
Hobgoblin238

User ID: 78779018
Mexico
04/21/2021 10:59 AM
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Re: America’s national debt now exceeds $123 trillion
africanpoverty
 Quoting: BRIEF


[link to en.wikipedia.org (secure)]

1.4 million...not trillion
Silver Coins Advice
User ID: 76430133
United States
04/21/2021 11:01 AM
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Re: America’s national debt now exceeds $123 trillion
Silver is still really cheap, so having some physical assets are really important.


Even if people have 100 ounces it will empower then vs the paper dollar that will be absolutely worthless overnight.
Achduke7

User ID: 69637911
United States
04/21/2021 11:02 AM

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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


This sounds like a problem for the FRN/USD. All that money you have in the banks is worthless. Only property, commodities and some investments have value.
Achduke
Artificial Person

User ID: 77827269
United States
04/21/2021 11:09 AM
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Re: America’s national debt now exceeds $123 trillion
I assume it will all be forgiven at some point.

Maybe when we have the war with China, we will declare that paid in full.
 Quoting: Justme C'est Moi


I am willing to preemptively offer DC to China in exchange for writing off 100% of the national debt.
That includes everyone who works or lives in the area, too.
They have bartenders and ice cream testers who could serve as pleasure holes for the Chicoms, if they desire roundeye nookie.
aoc pelosi
I am a Synthetic but I prefer the term "Artificial Person" myself. I answer to "Bishop", "Synthetic" and "Hey man". Bite my shiny metal ass.
rccola

User ID: 79830924
United States
04/21/2021 11:10 AM
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Re: America’s national debt now exceeds $123 trillion
The national debt clock adds 1 million dollars in debt every 22 seconds.

If you want to time it yourself look in the upper left hand corner at the link!


Approaching 162.7 trillion
Unfunded liabilities grow 1 million dollars every 3.9 seconds. Lower right hand corner.

[link to www.usdebtclock.org (secure)]
Artificial Person

User ID: 77827269
United States
04/21/2021 11:13 AM
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Re: America’s national debt now exceeds $123 trillion
Sounds like the banks have a problem.


We re ok
 Quoting: Anonymous Coward 47002528


This sounds like a problem for the FRN/USD. All that money you have in the banks is worthless. Only property, commodities and some investments have value.
 Quoting: Achduke7


Indeed.
A return to a genuine economy with intrinsic value, instead of the fabricated fiat bullshit we have now.
HODL and Stack, mofo's.
I am a Synthetic but I prefer the term "Artificial Person" myself. I answer to "Bishop", "Synthetic" and "Hey man". Bite my shiny metal ass.
Anonymous Coward
User ID: 58367568
United States
04/21/2021 11:19 AM
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Re: America’s national debt now exceeds $123 trillion
The national debt clock adds 1 million dollars in debt every 22 seconds.

If you want to time it yourself look in the upper left hand corner at the link!


Approaching 162.7 trillion
Unfunded liabilities grow 1 million dollars every 3.9 seconds. Lower right hand corner.

[link to www.usdebtclock.org (secure)]
 Quoting: rccola


and you want to believe that one?hf
Dr Feelgood
User ID: 26728121
United States
04/21/2021 11:38 AM
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Re: America’s national debt now exceeds $123 trillion
Debt to whom?

The central banks which have no legal standing to issue currency with interest in the first place?

Fuck them.
Anonymous Coward
User ID: 79336278
United States
04/21/2021 11:50 AM
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Re: America’s national debt now exceeds $123 trillion
That's what the rest of the world owes to us. We need to discuss in terms of forms of payment.
Anonymous Coward
User ID: 80178470
United States
04/21/2021 11:51 AM
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Re: America’s national debt now exceeds $123 trillion
Stock market cheerleaders are never going to badmouth the system that gave them their riches such as Mr to the point.





GLP