17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpet

17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery

blacklistednews.com

#1 As of December 28th, the U.S. national debt was $13,877,230,355,933.00.

#2 If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

#3 If the federal government began repaying the national debt at a rate of $10 million dollars a day it would take approximately 3,800 years to pay off the national debt.

#4 Today, the U.S. national debt is increasing by roughly 4 bill

(visit the link for the full news article)

This is a pretty good article that shows how screwed the U.S. debt is. It gives a lot of figures and statistics and comparisons. If you like go ahead crunch some numbers and post your own. Or make some of your own predictions. Yes it is rather bleak and it has been talked about before, but its just not going away.

blacklistednews.com
(visit the link for the full news article)

Stupid question but...

Who does America owe the debts to, and if those nations wanted it to be payed back in full asap (for whatever reason), what would happen?

At some point a younger generation will denounce this system for the bull# that it is and find a way to start fresh. I guess you could say I'm not too worried about it.

Originally posted by aRogue


Who does America owe the debts to, and if those nations wanted it to be payed back in full asap (for whatever reason), what would happen?

Rogue
Im not and economist but from memory it is owed primarily to the banks of other nations. That being said the poster above might have gotten his statement right.

Im seeing the same Propaganda in Germany here lately...aka. everything is going to be okay,everyone gets more Money...if we ignore that we have to spend more on Energy,Medical-Care,higher Taxes.Food,Water,Housing...etc pp.

Honestly,im asking myself more and more in which Reality our Politicans live...it definitly isnt ours.

reply to post by Shenon


Thanks to everyone for posting
Shenon
thanks for your input. It is good to get an idea how the same issues are affecting things in other countries. It seems all to often we all do have the same problems.

Just have a revolution and then give the country a new name, therefore the you dont have to pay the bankers anymore. That's what the Soviet Union did, they didn't pay back Tsarist Russia's debt, as it didn't exist anymore.

And no, my generation will make sure we will not pay the debt which was generated, from one generation to the next. A full scale world revolution, take down the elite and hang them from the lamp posts.
-Naeem

reply to post by naeem11111


Naeem
I do think you are about right with your hypothesis. Perhaps not exactly as you described but most likely something quite similar.

The Stats given are a bit misleading, for it does not take into account the assets that are avaliable in-country, such as resources, taxes, govt land sales, etc.

In all, I suspect that debt if needed to be paid, no doubt will still take years, but certainly not in the thousands or even centuries, but mere decades by our next generations.

Still, it is ABSOLUTELY uncionable to make innocents pay for debts that they had not incur. Such a system is evil. Debts should end when one is no longer physically or mentally able to repay it, such as illness or death.

Usury was wrong to start off, but as it had been accepted by societies, then let there at least be compassion. The next generations should NOT be made to pay for debts incurred by this generation. It was OUR fault for not carefully scrutinizing govt spending and allowing ourselves to be mislead by our elected legislators and presidents. We are solely to be blamed.

Debts ultimately have to be paid. But as usury is frowned upon, let there be compassion instead. This is a time of crisis, when more money is needed to stimulate the economy for growth. Allow such funds to be loaned, and such funds be properly accounted for to ensure there is a viable return and not sink into bleeding banks or corporations. Let the interests be lower.

And as for debts, let the amount payable be smaller. The interests are still the same, and bankers will still get their wealth from interests earned. The foriegn wars must cease, and so must funding for newer military or space projects till there is enough to restart them, and made do or improvise with current tech to either cannabalise or improve current systems. The continued high spending demanded by the military industrial complex cannot be allowed to continue, or there will be no next generation even to pay for it, as none could afford to live this life.

Why aren't none of the legislators doing these to help their constituents whom are suffering today???

reply to post by RedGolem


Yes, I know it won't be as simple as that. That's what worries me, when we get a country in our control, bankers will want their money back. America's history was all about debt. Before the revolution bankers, investors spent a lot of money and after it was all gone. Obviously they will want it back and so the founding fathers sold the American people out as they agreed to pay them.

Thanks Red Golem for earlier.

I have another stupid question,

Why can't the government print off more and more money (under the table off-course) and pay their debts that way? Could that be a possibility?

... and is there the same amount of money on the planet at all times? If so, how much money exists on the planet?


Sorry, just curious =P

Edit: Btw S&F

reply to post by SeekerofTruth101


Seeker
thanks a bunch for your post, nicely written and informative
To answer your question the legislators are doing nothing about it because they are the ones who are being kept in office by the industrial complex they use there power to keep moving.
Yes that above statement is mostly a rant but most people around here might agree with it.

Originally posted by aRogue
Stupid question but...

Who does America owe the debts to, and if those nations wanted it to be payed back in full asap (for whatever reason), what would happen?

Here is a good thread that talks about who owns what in regards to the U.S. debt.

Originally posted by aRogue

Why can't the government print off more and more money (under the table off-course) and pay their debts that way? Could that be a possibility?

..

Rogue
that tactic has been dome before in some countries. What happens is there money then just becomes worthless. Prices skyrocket as inflation does also. That has been happening to the U.S. Dollar for quite some time. Although slowly. When the business and banks see that happening they start to put all there currency in the currency of other nations, or if they can't do that when ever they get a little bit of money the individual runs out and spends it as fast as possible, in a good that can be used to barter with.
It is not a pretty picture. If you read about what was happening in Germany as the Third Reich started rising you can find some stories of what it was like when it was happening.

Originally posted by aRogue
Thanks Red Golem for earlier.

I have another stupid question,

Why can't the government print off more and more money (under the table off-course) and pay their debts that way? Could that be a possibility?

... and is there the same amount of money on the planet at all times? If so, how much money exists on the planet?


Sorry, just curious =P

Edit: Btw S&F

edit on 31-12-2010 by aRogue because: (no reason given)

The Government can only print a minute amount of money or mints. The majority is printed by a central bank which then loans the government the money.

1.Government needs 5 billion.
2.Fed prints out 5 billion then loans it to the government with interest.
3.We have to pay for it including the interest.

Google for Information on the "Weimar Republic" ,America looks very similar to that right now...for example both had/have almost no Export going and were/are printing Money like Crazy,on top of other things.

You have opened a big can of worms Red that must be confronted. It is highly complex in it's detail yet on the surface has a few simple elements. The National debt is out of control, inflation is rising, jobs disappearing, standard of living falling for most except for a few of the very wealthy. The core problems of the GFC where not addressed and the delaying measures (QE1 & QE2) are nearing an end. If America decides to go bankrupt then international trade with the nation would stop and the receivers walk in. Through out history all the big players have kept their word on money despite other conflicts, it would be a shame to lose it because of a few misunderstandings and other repairable problems.

A few basic things about money. The only real value it has is the value the community gives it. What money does is balance the forces of supply and demand. This balance has gotten grossly of centre as the upper class has accelerated earnings while the middle and lower classes have remained in stagnation over many years of inflation. This is part of the problem. Another part is war, it is very expensive and costs a lot of money. Some studies have placed 50% of US government spending goes towards the military. Another part is the derivatives market, not many people understand this but basically it is a big casino, some have also identified it as a pyramid scheme in the way it is managed. Some estimates have placed the combined value in derivatives around 4-6 Quadrillion dollars, this is more money than in the rest of the world combined. Derivatives are a very complex money tool that will take a lot of economist to work through and properly understand the problems, issues and corruption.

There has been talk for some time about the introduction of a new global currency. I can see a lot of benefits to international trade, but also a lot of risks if it is business as usual. If this new currency is slipped through the back door with the current problems remaining then there will be a lot of distortion between supply and demand and the same problems confronting the Euro will go global, very bad feeling about it. What needs to take place is a global peer review of the money situation, where is it, how it works, how it is made and clear, sustainable regulation of the markets. Without an open and transparent view of the economy we will have to relive the lessons of the present and past.

I know the challenges and resistance to transparency are tough. I know the world has a lot of economists and other smart people to help in understanding the problems and building solutions. I know if we keep such power in the hands of a hidden few then we only have ourself to blame. I know the world has only one real chance to build a sustainable economy. I know this is important, it will be a fight and we can do it. Why?, because anything less will fail in the end.

Originally posted by Shenon
almost no Export going

The statement quoted above is not necessarily correct.

$1.057 trillion f.o.b (2009 est.)

wiki

Listed about is the exports of the U.S. for 2009, so it becomes what you consider to be almost no exports.

reply to post by RedGolem

...Yes it is rather bleak and it has been talked about before, but its just not going away.

Nope, it's not.

The debt, like all our other problems, is just being compounded. Honestly, this state of affairs more than anything else makes me believe that hostile aliens are running our planet - no one human would do this to us and destroy our home in the process.