Author Topic: Its official, National Debt is now $15 Trillion  (Read 17351 times)

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Offline dynamike51

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Re: Its official, National Debt is now $15 Trillion
« Reply #30 on: September 05, 2012, 11:34:44 AM »
Debt to GDP ratio is now over 104%.
$15,880,XXX,XXX,XXX

We will have more important things to worry than overpaying for out CMC.

exchange


It's our children who will be burdened with paying the debt - we will be long gone!

Offline Birdman

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Re: Its official, National Debt is now $15 Trillion
« Reply #31 on: September 05, 2012, 12:23:40 PM »
$15,000,000,000,000.00

Wow.  Just look at it.

Hey, it is only 850,822,461 ounces of gold.

Less than a year to add $1,000,000,000,000.00 in debt.

That's a Wow of the day...

Underbidder

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Re: Its official, National Debt is now $15 Trillion
« Reply #32 on: September 05, 2012, 01:34:18 PM »
It's our children who will be burdened with paying the debt - we will be long gone!

That is a fallacy- Only when it dawns on the masses that is incorrect, and "we" are all adversely affected by loss of purchasing power here and now and during our lives through inflation,  will the population push for changes. 

We have proven that "we" are perfectly willing to accept mortgaging "our children's" future if we think we can get ours, now.
But its an illusion. We are all, now, victims of this crazy Ponzi scheme.


Offline aragog

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Re: Its official, National Debt is now $15 Trillion
« Reply #33 on: September 05, 2012, 03:02:00 PM »
That is a fallacy- Only when it dawns on the masses that is incorrect, and "we" are all adversely affected by loss of purchasing power here and now and during our lives through inflation,  will the population push for changes. 

We have proven that "we" are perfectly willing to accept mortgaging "our children's" future if we think we can get ours, now.
But its an illusion. We are all, now, victims of this crazy Ponzi scheme.


What can be done by individuals, as their total debt seems to be just a little lower 15,77 trl

Offline dobedo

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Re: Its official, National Debt is now $15 Trillion
« Reply #34 on: September 05, 2012, 04:05:44 PM »
I'm confused. So, are we better off today than, say, 4 years ago?

Underbidder

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Re: Its official, National Debt is now $15 Trillion
« Reply #35 on: September 05, 2012, 04:14:29 PM »
The madness won't stop. We ain't seen nothin' yet .  What's after a "trillion"? Quadrillion? Get used to it.

Those who are already in power love to keep the Ponzi scheme going, since it is the root of their power source- confiscating and giving other peoples' property away, in exchange for votes.

The best interview I've seen in a while: A Billionaire’s Bet on Inflation – Frank Giustra Long Form Interview – Video
http://ceo.ca/frank-giustra-long-form-interview/

The cut-backs required to balance the system and make it solvent,  are labelled "Draconian" by those who want to keep it going. And they are correct: rioting would occur if entitlement programs are cut back significantly. The tipping point has been passed.
Living beyond one's means, on a near global scale, requires more and more dilution of money in order to deal with the debt, hence all become poorer except for the administrators who get their cut first. The majority does't understand the full harmful effects of the term "inflation" , but they may if its called "dilution". You've already lost about half of your purchasing power since 2001 from this money dilution, so it's not just a matter of our children paying for our debt.  We are paying the hidden price, now, and have been.  Wake up. Get angry.

What can individuals do? I think it's past the point of realistic change now for the system as a whole. But spreading awareness and educating everyone's circle is paramont in moving forward towards stabilizing matters to slow down the collapse.  Support "candidates for a slower collapse!"  Any honest political party would advertise that. Maybe a new third party- Good luck with that.

Privately, finding ways of securing any savings is key.  Giustra is right to a point - better bet on inflation, but dont stop there depending on it. Daniel Amerman provides scary analysis of how phantom high gains resulting from dilution can result in robbery through taxation of all these phoney gains and then some.  You'd guess that if gold went to $50,000 an ounce holders would be sitting pretty, right?  but actually the double whammy of taxation and loss of purchasing ower would leave holders poorer than prior,  if there was no dilution. The admininstrators will rob us of any gains, if only to keep the misery spread out, to show their constituants they are socking it to the "rich speculators."
If they can measure it, they will steal it.  Gains from sales of bullion and precious coins, collectibles etc will be highly penalized through this double whammy.  Theoretically, the administrators could balance everything and make it workable by allowing the most obvious asset, gold, to be revalued at many many multiples of current valuations.  But do you think for a second they will allow private citizens to keep the phantom resultant windfall? No-way, Joe-SAY!
Black markets will exist you say? Yes and people will be imprisoned. But not the top thieves.  Finding ways of hiding real assets, preferably producing ones, will be key.

Oh, and despite some  critiques, predictions of disease epidemics from system stress and have both historical support and merit beyond the Tin Foil Hat crowd. See the big trends and start implementing solutions before you find yourself too adversely affected. Remember- Noah didn't wait to feel the first raindrops before starting to build his Ark-







Offline Birdman

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Re: Its official, National Debt is now $15 Trillion
« Reply #36 on: September 05, 2012, 05:48:12 PM »

The best interview I've seen in a while: A Billionaire’s Bet on Inflation – Frank Giustra Long Form Interview – Video
http://ceo.ca/frank-giustra-long-form-interview/

Thanks for sharing that link.  Interesting interview.  Sharp guy.

Underbidder

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Re: Its official, National Debt is now $15 Trillion
« Reply #37 on: September 05, 2012, 06:12:29 PM »
Yes. Sharp guy.

But the shocker wake-up call is to all of those who hold gold and precious metals thinking they'll "make out" or even stay even during inflation.
Here's the link to the Amerman analysis, showing a decrease in wealth of 50% even to gold holders in the event gold goes to much higher levels.
Its all lost in taxes and hidden loss of purchasing power, which is usually overlooked by most.  Think dilution.

Under the scenario where gold goes up to $5,000 an ounce, to even $100,000 an ounce, a gold bullion holder experiences a NET DECREASE in wealth  (purchasing power ) of 40-50%, and that is assuming taxes are left at a reasonable 50%, but which you know they'll jack up to a much higher "Windfall Speculation" tax of 60-90% on gains, so figure on more like nearly all savings value would be lost.

Wrap your minds around THAT.

The answer is : to get it out of The System.  It can still be done now, but at a cost of quite a bit of time and effort and the door is closing fast.


http://danielamerman.com/articles/GoldTaxes1.htm


PS-  not to be taken as a plug for Amerman or his For-pay program.  I'd recommend other ways actually. Be creative, in the field you already know.












« Last Edit: September 05, 2012, 06:30:26 PM by Underbidder »

Online mook

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Re: Its official, National Debt is now $15 Trillion
« Reply #38 on: September 05, 2012, 10:15:28 PM »
Thanks Underbidder,

Very interesting :thumbup1:

Offline exchange

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Re: Its official, National Debt is now $16 Trillion plus
« Reply #39 on: October 25, 2012, 04:39:22 PM »
Gross Debt to GDP ratio is now 105%.
US National Debt: $16,205,XXX,XXX,XXX

http://www.usdebtclock.org/


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Offline Gilmore

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Re: Its official, National Debt is now $15 Trillion
« Reply #40 on: December 06, 2012, 11:36:02 PM »
US Debt - Visualized in physical $100 bills

http://www.youtube.com/watch?v=iTBODoBaCns&feature=player_embedded

Offline Birdman

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Re: Its official, National Debt is now $15 Trillion
« Reply #41 on: February 06, 2013, 05:42:46 PM »
Gross Debt to GDP ratio is now 105%.
US National Debt: $16,205,XXX,XXX,XXX

http://www.usdebtclock.org/


exchange

Now > $16,500,000,000,000.00

http://www.usdebtclock.org/

Offline exchange

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Re: Its official, National Debt is now almost $17 Trillion
« Reply #42 on: April 17, 2013, 08:26:19 AM »
Now > $16,500,000,000,000.00

http://www.usdebtclock.org/

So lets see, in little over two months the Debt to GDP ratio went from 105% to 107%, and shortly will be at  $17,000,000,000,000.00 in debt. While at the same time gold drops from something like $1650 to below $1400.....

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Offline Birdman

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Re: Its official, National Debt is now $15 Trillion
« Reply #43 on: October 18, 2013, 06:39:07 PM »
I think the US National Debt crossed $17,000,000,000,000.00 this morning?

http://www.usdebtclock.org/

Offline NBM

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Re: Its official, National Debt is now $15 Trillion
« Reply #44 on: October 18, 2013, 07:03:31 PM »