America’s national debt now exceeds $123 trillion | |
Herald Coy
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ondrunn
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Agent 99
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/7oo7/
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Anonymous Coward User ID: 79923528 United States 04/21/2021 10:38 AM Report Abusive Post Report Copyright Violation | Yet another reason kill off a whole bunch of people Quoting: Anonymous Coward 78699773 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)] 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
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BRIEF
User ID: 79662918 United States 04/21/2021 10:42 AM Report Abusive Post Report Copyright Violation | Resources are only worth something IF there's a demand for them though Brief! 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. |
Anonymous Coward User ID: 79149163 Canada 04/21/2021 10:42 AM Report Abusive Post Report Copyright Violation | Usury is outlawed by scripture. Quoting: Anonymous Coward 79630347 Charging it or paying it is a sin! Hey Christian ya got a mortgage? Uh oh. 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 Report Abusive Post Report Copyright Violation | Who will control the ground? 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 58367568 United States 04/21/2021 10:44 AM Report Abusive Post Report Copyright Violation | 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. really my information is posted in my money section here and its from David Crayford of the ITC. Whose the looney toon here? |
vivian tzamis User ID: 80269252 Australia 04/21/2021 10:45 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | American isnt in debt Quoting: vivian tzamis 80269252 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 America is in massive debt it cannot ever recover from. see my posts above. Russia however has NONE. |
Justme C'est Moi
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Grove Street
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Herald Coy
User ID: 78265073 Switzerland 04/21/2021 10:49 AM Report Abusive Post Report Copyright Violation | 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. really my information is posted in my money section here and its from David Crayford of the ITC. Whose the looney toon here? Gidzillion. . |
Anonymous Coward User ID: 78197167 United States 04/21/2021 10:50 AM Report Abusive Post Report Copyright Violation | |
rccola
User ID: 79830924 United States 04/21/2021 10:55 AM Report Abusive Post Report Copyright Violation | 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™
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Herald Coy
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Hobgoblin238
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Silver Coins Advice User ID: 76430133 United States 04/21/2021 11:01 AM Report Abusive Post Report Copyright Violation | |
Achduke7
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Artificial Person
User ID: 77827269 United States 04/21/2021 11:09 AM Report Abusive Post Report Copyright Violation | I assume it will all be forgiven at some point. Quoting: Justme C'est Moi Maybe when we have the war with China, we will declare that paid in full. 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. 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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. 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 Report Abusive Post Report Copyright Violation | The national debt clock adds 1 million dollars in debt every 22 seconds. Quoting: rccola 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)] and you want to believe that one? |
Dr Feelgood User ID: 26728121 United States 04/21/2021 11:38 AM Report Abusive Post Report Copyright Violation | |
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