I think that we wouldn’t have been spending so wastefully if instead of paper bills easily printable we had bank notes exchangeable at the bank for gold
This is what I say to people who scoff at gold standard, we couldn’t even be in this much debt if we followed the constitution and used only gold and silver as money.
There is no will to reverse course because the austerity necessary to just maintain the current level of debt would be crushing. Government spending is a quarter of GDP.
lol! That reminds me of how my brother tore a sheet out of his spiral notebook and made $1000 bills for the Monopoly Bank 😂
His sole goal was to slide one or two pieces of that homemade fake-money under the board in front of him. That's what this reminds me of. Homemade fake money in a game that barely resembles reality.
Not to worry, the books I've been reading say this debt will never need to be repaid. It's in the vested interest of the creditors to keep the charade going - For as long as it takes, or as long as they can. The creditors basically know they won't do any better than a few extractions from a Ponzi scheme.
Super Imperialism by Michael Hudson is the most direct on the topic.
33 trillion in debt is horrific, but if you want true nightmare fuel do a little digging into unfunded liabilities in each state. That picture is significantly darker.
Back in the day, societies at least had something to show for the spending.
Egypt and pyramids.
Rome and the Coliseum.
China and the Wall.
The USA only has a few ObamaPhones and 35million illegals from all the spending.
Could have built a Death Star will all that money.
January 12, 2013 - The White House has finally responded to one of its outstanding petitions with more than 25,000 signatures. And, unfortunately, the White House will not be building a Death Star
Good thing the FED is not part of the UNITED STATES - but the west and central bank. When will people wake up. income taxes are voluntary - there has to be a way to fight this.
Debt number means nothing if the people declare fraud on the Federal Bank and make all debt to them null and void. We should borrow all 500 Trillion the Rothchild families have ... then find them guilty of fraud and never return it.
Imagine if we owed this in gold
Right now, all the gold in the world is worth about $10T.
23T will go unpaid.
Somebody does own this debt, and can easily trade it for gold. Only problem is only $12.5T in gold has been mined.
I think that we wouldn’t have been spending so wastefully if instead of paper bills easily printable we had bank notes exchangeable at the bank for gold
This is what I say to people who scoff at gold standard, we couldn’t even be in this much debt if we followed the constitution and used only gold and silver as money.
You are correct based on current heavily suppressed gold value….. gold should be valued like bit coin at 50k+ level per ounce….
It has passed MANY MANY MANY 'dangerous' milestones before and now we're so deep into it, we cannot actually ever hope to pay it off.
But we learned the lesson of Wiemar. We'll go digital now to avoid the necessity of using trees. to make paper. No wheelbarrow shortages for us.
Soon, we will all be millionaires and still not be able to afford a cup of coffee.
When I was born, debt had just topped $250B. As I graduated College, it was approaching $1T. Each of those were dangerous too.
It's just a number now.
A check engine light is just a light, until a piston comes through the hood.
We are in clown world where the numbers are all made up
There is no will to reverse course because the austerity necessary to just maintain the current level of debt would be crushing. Government spending is a quarter of GDP.
ALL THE MILESTONES WERE DANGEROUS.
The USA should mint a coin worth $50 trillion. The metal in it could be tin or lead.
Hand it over to the federal reserve and divide the remaining $17 trillion among the citizens.
lol! That reminds me of how my brother tore a sheet out of his spiral notebook and made $1000 bills for the Monopoly Bank 😂
His sole goal was to slide one or two pieces of that homemade fake-money under the board in front of him. That's what this reminds me of. Homemade fake money in a game that barely resembles reality.
The US Dollar is worthless. The fall of the dollar as world reserve currency will bring the US to it’s breaking point, fast.
LOL... imagine if they showed you the real $ amount.
Not to worry, the books I've been reading say this debt will never need to be repaid. It's in the vested interest of the creditors to keep the charade going - For as long as it takes, or as long as they can. The creditors basically know they won't do any better than a few extractions from a Ponzi scheme. Super Imperialism by Michael Hudson is the most direct on the topic.
((33))
Interesting number.
Interest payment more than we take in in taxes. But anyway money printer go brrrrrrr
33 is just a number. It doesn't mean anything.
33 identifies as 0. No more debt.
i.e. almost 1.5 times GDP
I thought the dangerous new milestone was back around $250,000.
33 trillion in debt is horrific, but if you want true nightmare fuel do a little digging into unfunded liabilities in each state. That picture is significantly darker.
53, 23, 33? What difference does it make?
Back in the day, societies at least had something to show for the spending.
Egypt and pyramids.
Rome and the Coliseum.
China and the Wall.
The USA only has a few ObamaPhones and 35million illegals from all the spending.
Could have built a Death Star will all that money.
We can only fix this by immediately sending another 30 billion to Ukraine
$200 Billion to Ukraine, stat!
33 aka the magic number in free masonry.
Thats like if every person has 100k in debt, I mean, couldn't elon buy like two of those?
That's a very pretty Senior Living Center we have there.
When the debt is this high, they’ll never pay it back.
Actually, taking unfunded liabilities into account, the US debt is $102.8 trillion…
https://www.usdebtclock.org/
See US Total Debt under Unfunded Debt/Interest section
We must reset this number to zero for the sake of equity and inclusion and diversity and lgbt
Good thing the FED is not part of the UNITED STATES - but the west and central bank. When will people wake up. income taxes are voluntary - there has to be a way to fight this.
Fed printers go burrrrrrrrrr…..
Debt number means nothing if the people declare fraud on the Federal Bank and make all debt to them null and void. We should borrow all 500 Trillion the Rothchild families have ... then find them guilty of fraud and never return it.
So what? Nothing will be done about it and they'll just print more money.
That's the issue, printing money is basically counterfeiting one's own currency in HUGE amounts, which destroys the value of it.
I’m actually surprised we have made it this far.
Anyone have the figure of how much Trump put into debt vs Biden? Or even the past presidents too?