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The US government is about to lose its #1 lender: You

Posted by freedomforall 7 years, 6 months ago to Economics
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"I told you that the debt is now $19.5 trillion. The debt hit $18.5 trillion in November of last year… meaning that they added $1 trillion to the national debt in just 10 months.

What did you get for that $1 trillion? Did they defeat ISIS? Give everyone a massive tax rebate? Recapitalize all of their insolvent trust funds?

Nope. Nada. They made a trillion dollars vanish into thin air and have absolutely nothing to show for it."
SOURCE URL: https://www.sovereignman.com/trends/the-us-government-is-about-to-lose-its-1-lender-20240/?inf_contact_key=aa373f2abb06bb5ef2a0b68da772fbc0627ebb01df5d711f75b85bfc8039b971


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  • Posted by Herb7734 7 years, 6 months ago
    The reason you didn't get anything for your trillion bucks is because that is the way a collectivist state runs. They do their best to make it appear as if it's for you, but upon close examination, you discover that in the final analysis it's for the "state" meaning, it is for "them." Obama, with the aid of the statist people and playbooks have altered the very basis of America and put a virus-like entity in its place. Thousands of new regulations governed by unelected bureaucrats now run the government with the trappings of a free society as window dressing. Senators, congressmen, judges, are all merely a façade built in order to hide the rotted framework of an already decaying socialist system.
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  • Posted by LarryHeart 7 years, 6 months ago
    The Obama Admin has been doing this for the past few years. They call it Quantitative Easing. What that means is they take a quantity of value out of the Federal reserve dollar note to back the new notes used in government spending.

    It is a stealth flat tax on everything.

    The government confiscates a few pennies from the value/purchasing power of every dollar. Soon enough the dollar is worth 50 cents and now you need two dollars to buy what you could buy with the one dollar before the government raided it's value. The government can go on this way for an indefinite amount of time since we are the reserve currency. The rest of the world is forced to accept our currency even if it is worth less. Once we are no longer the reserve currency then we are in HUGE trouble.
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    • Posted by term2 7 years, 6 months ago
      They are very good at hiding things and stretching the rubber band a "little longer". One day it will simply snap and our dollar will collapse. But look at how long it took in Venezuela !!!! That is the playbook for the way things will go here. Eventually we dont be able to get toilet paper either.
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  • Posted by ddavignon 7 years, 6 months ago
    On May 2, 2016 the ChiComs who had accumulated 4,500 metric tons of gold with a 70% backed Yuan, would have had to get another 2,500 tons to compete with the 1.5% backed Federal "Deserve" Note. Unfortunately, they invited 64 of our so-called allies into their Asian Infrastructure Investment Bank (AIIB) as distinct from the Asian Economic Bank (AEB) the US leads. The rest of the world is weary of the US government taking their reserve currency and spending it on "poor" Americans with $750,000 mortgages that the government now owns 92% of, et al. So 23 have joined up putting their economies into its alignment. Hamburg, Germany was promised the end point of the Land Silk Road, and Italy the terminus of the Maritime one. The UK, Australia, and others have deserted or hedged their bets on the FRN. ONLY Japan and the Republic of China are sticking with only the US in Asia.
    This will result in the reduction in value of the FRN by about a third over the next 2 years. All installment debt will be in trouble as it is rigid; brittle fixed amount payment contracts that fantasize that nothing bad will ever happen in their cracked crystal ball that fell off the amortization table in 2008, will finally be seen as mysticism.
    I am leading efforts to convert long-term debts to inflation proof, flexible, PAYEable Percentage As You Earn (%AYE) finance & finansurance.
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  • Posted by chad 7 years, 6 months ago
    I am certain you are all wrong. After all 'Helicopter' Ben Bernake said that if things got really bad they could print all the money they needed and drop it from helicopters. I will be waiting in my yard for my drop.
    With other countries having purchased our treasuries and using the FRN as collateral for their own banking schemes when this fiat currency unravels it will leave billions without the wherewithal to continue their financial lives in the manner they were accustomed to. I am buying food as a hedge against all losses. My home is paid for and my car but that doesn't mean the government won't foreclose on my property for they have indebted it (property taxes). Unsure of how it might all work out.
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  • Posted by term2 7 years, 6 months ago
    It is true that the feds are running out of the options that they have exploited to date. BUT, they are very inventive in coming up with additional ways to kick the ball down the road. That is part of the appeal for Hildebeast- she is promising the establishment to cooperate in what they come up with.

    There is always simple printing of money, and eventually they will get to that.
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  • Posted by DrZarkov99 7 years, 6 months ago
    Procrastination is an unfortunate dominant human trait, instilled in us from our beginnings, where acting without thinking often meant becoming the victim of one hazard or another. It becomes a mental illness when it continues to the point of creating more danger than taking time to think.

    Our political community is a collection of the mentally ill. The inmates are truly running the asylum. Is the solution to elect the bedbug craziest among us to lead? We may soon find out.
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    • Posted by Herb7734 7 years, 6 months ago
      It is clear to me that you have yet to encounter the craziest among us. At least one crazy creates things. The other crazy only destroys and is evil to a greater degree.Of course it's Hobson's Choice as to the two front runners, and the 3rd party is a clown.
      "there's a hellova good universe next door
      let's go"
      -- e.e.cummings
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  • Posted by $ Olduglycarl 7 years, 6 months ago
    One might wonder if these humanoids are being blackmailed...following that money might take a life time...maybe it was shredded into oblivion on the Fed's server?
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    • Posted by 7 years, 6 months ago
      Check Clinton, Gore, and Obama's offshore accounts, and all those of the congress, and the supreme court justices, and CEO's of the military industrial complex, and CEO's of unprofitable looter companies like Tesla, and unproductive slime bankster cartel looters like Goldman Sachs, and political bosses like Bloomberg.
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      • Posted by $ Olduglycarl 7 years, 6 months ago
        We need a real life mission impossible team to hack into those accounts and the real wealthy families we never hear about like, Giuseppe, the Orange family, the Melons etc...their bank accounts are in the Trillions.
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  • Posted by tohar1 7 years, 6 months ago
    ...and yet WE are the problem. Just listen to what they say..."We don't have a spending problem! The Rich just need to pay more in taxes" When is someone going to say ENOUGH is ENOUGH?!?!
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  • Posted by $ jdg 7 years, 6 months ago
    Most people will never realize the banking system is bankrupt until their own cash withdrawals stop working. That time is soon.
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