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Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.

 
No Dhimmi
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01/03/2013 10:51 AM

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Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Well we almost made it! The total World Government debt came close to reaching $50 trillion for New Year’s Eve (not counting unfunded liabilities). But don’t worry that we didn’t quite make that goal. EVERY SECOND that number increases by $342,000+. The brain-dead economists and public officials still think it is cheaper to borrow than to print. Hello? That was the case when debt could not be used for collateral as cash. Once that took place so they could sell more junk, guess what - the circle was complete. How it begins is how it ends. They bullshit themselves saying we are borrowing from ourselves. Sorry – 40% of US debt is held outside the USA. Just more lies to confuse the subject.

[link to armstrongeconomics.files.wordpress.com]
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Earth Daughter

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01/03/2013 10:52 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
I think the Obamas will need another vacation when they see those numbers.microwave
"Arrows of hate have been shot at me too, but they never hit me, because somehow they belonged to another world, with which I have no connection whatsoever." - Albert Einstein
No Dhimmi (OP)
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01/03/2013 10:52 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
When government debts rise faster than the economic output of the people (not including government workers), which has been the case especially post-2007, this warns that the state is interfering with the economy just as communism failed forcing a situation of rising taxes that causes economic growth to decline rapidly until there is a wholesale cascade failure. The debt must be rolled over at regular intervals and new debt is simply issued to pay interest on what just expired. We are plunging into a Sovereign Debt Crisis beyond all belief.

[link to armstrongeconomics.files.wordpress.com]
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
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01/03/2013 10:55 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Thread: Gold & The Frightening Picture Of Our Financial Abyss
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

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United States
01/03/2013 11:11 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Sovereign Debt Crisis Conference March 16th, 2013

Many readers who are not “traders” would like a conference outlining the real Sovereign Debt Crisis, how do we survive such an event based upon past experiences, and what are the implications going forward? Governments in the West are hunting down what they call the “rich” that is really anyone with assets. They are tracking everything and some countries even have people watching gold stores, jewelers, and high end clothing stores all looking for cash.

[link to armstrongeconomics.com]
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 31399850
United Kingdom
01/03/2013 11:18 AM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
So we have to pay $200 a seat for this guy to tell us what we already know?
No Dhimmi (OP)
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01/03/2013 11:22 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
No, the reason is to hear his advise on how to survive this coming disaster. His advise to large corporations cost over $100K for long term analysis.
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
BRIEF
Rebel with morals

User ID: 381742
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01/03/2013 11:29 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
No big deal, just take the cap off and let it go nuts...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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01/03/2013 11:30 AM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Add unfunded liabilities and it's 10 times higher than that.

And don't forget 1.4 quadrillion derivatives bubble.
Anonymous Coward
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01/03/2013 11:31 AM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
i think the elite know the world as we know it will end soon.
i mean they know the beast is getting ready to set up his mark 666. so they could care less
spend like no tomorrow cause sooner rather than later they are right/finally
No Dhimmi (OP)
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01/03/2013 11:32 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Bill Gross On Bernanke's Latest Helicopter Flyover, "Money For Nothing, Debt For Free" And The End Of Ponzi Schemes

What Governor Bernanke may have been referring to with his “essentially free” comment was the fact that the Fed and other central banks such as the Bank of England (BOE) actually rebate the interest they earn on the Treasuries and Gilts that they buy. They give the interest back to the government, and in so doing, the Treasury issues debt for free. Theoretically it’s the profits of the Fed that are returned to the Treasury, but the profits are the interest on the $2.5 trillion worth of Treasuries and mortgages that they have purchased from the market. The current annual remit amounts to nearly $100 billion, an amount that permits the Treasury to reduce its deficit by a like amount. When the Fed buys $1 trillion worth of Treasuries and mortgages annually, as it is now doing, it effectively is financing 80% of the deficit for free.

[link to www.zerohedge.com]
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

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United States
01/03/2013 11:33 AM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Unfunded Liabili
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 30786416
United States
01/03/2013 11:56 AM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
obaaaaama!!! obaaaaaa!!

it's all his fault!!!

he's the antichrist you know!!!! lmao

:grrr:
No Dhimmi (OP)
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User ID: 198576
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01/03/2013 12:05 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
obaaaaama!!! obaaaaaa!!

it's all his fault!!!

he's the antichrist you know!!!! lmao

grrr
 Quoting: Anonymous Coward 30786416


No one here has inferred this - this problem is much larger than Omaba. The FED is the main issue + ignorant politicians who care more about thier seat of influence and the citizens who vote for the same lame loosers year after year.
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 22478672
United States
01/03/2013 12:09 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
I think the Obamas will need another vacation when they see those numbers.:microwave:
 Quoting: Earth Daughter


the Obamas will never see those numbers. Everyone loves him and protects him remember. Only good things come out of this administration. Everything negative was the last guys fault.
Anonymous Coward
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United Kingdom
01/03/2013 12:19 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
What do you expect. Fractional reserve lending and Usury are a giant Ponzi scheme that relies on more and more debt to keep the thing going. Most who understand how it works know that the debt will never be repaid.

They are just wringing out the last few drops and waiting for the next event - however it all unfolds.

My money is like theirs... Zombie apocalypse. People are to chicken to sand up and fight.
patrikspengler
User ID: 31354683
Hungary
01/03/2013 01:02 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
The most ridiculous thing is that the money to pay the debt back does not even exist.
No Dhimmi (OP)
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01/03/2013 01:03 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Definitions:
TITF - Too Important to Fail Risk
SIFI - Systemically Important Financial Institution Risk
Topology - A major area of mathematics concerned with the most basic properties of space, such as connectedness. (wikipedia)

VI. CONCLUSION

A major hallmark of SIFIs is their activity in financial derivatives markets. The analysis of this paper has one clear message. The global derivatives markets in the post Lehman period, despite considerable compression of bilateral positions, are unstable and they can bring about catastrophic failure. Quite simply, a threat of failure to any of the SIFIs is an immediate threat to the others. The network topology where the very high percentage of exposures is concentrated among a few highly interconnected banks implies that they will stand and fall together. This topological fragility of the derivatives markets as risk sharing institutions has an implicit moral hazard problem that undermines their social usefulness. The empirically calibrated network for derivatives liabilities manifests a highly clustered core- periphery structure and extreme form of TITF as seen in Figures 5.a- 5.f. The implied socialized losses are very large (to the tune of US$350 billion) and the liabilities arising from extant derivatives network structures cannot be supported by the existing capital base. The good news is that the highly clustered network structure permits targeted management of systemic risk. One of the main contributions of the paper is to use network analysis to design a set of surcharges that will enable the SIFIs in the derivatives markets to internalize the costs imposed on other FIs and also the tax payer by their failure.

[link to www.imf.org]

Last Edited by No Dhimmi on 01/03/2013 01:03 PM
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Gunnz, lots of Gunnz

User ID: 31260360
Australia
01/03/2013 01:03 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
You just discovered the NWO's Global currency.

Congratulations, and bad luck.
Corp/o/Ration
A Single Entity (group with the same paragon) Restricting consumption of scarce commodities.
Light to Go

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01/03/2013 01:05 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Could be a global illusion. These are the figures that exist for the people.
Researcher: Historical Revisionist
A Predatory Species of Human Animals Have Created A System That Gives Them Power & Control Over All Others.
"IF YOU HAVE NO FEAR, THEY HAVE NO POWER" - Les Visible
"The United States Congress is Israeli occupied territory" Patrick Buchanan
www.AndrewCarringtonHitchcock.com
Justice 4 Germans

What is your agenda? Here's mine...
END DUPLICITY-Explore the Narrative

Gaia-Sophia's Correction
Gaiaspora.org
Anonymous Coward
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01/03/2013 01:06 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
One problem is that people do not understand the basic of math or exponents.

When the rate of growth of debt exceeds the natural or organic rate of growth in the real economy, then eventually the gap or difference between the two becomes unsustainable. The only way to instill confidence in the masses then is to lie, cheat and steal.

Oh wait I just described our entire financial system in Wall Street.
Anonymous Coward
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01/03/2013 01:08 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
tick tock tick tock and china still quietly....waits
No Dhimmi (OP)
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01/03/2013 01:08 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Giving a truthful thread as this one one star is proof of idiots on here. This is a very serious issue - will affect most every person on the globe. If you gave this one star, have the balls to debate the issue!
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Uncle Alyosha

User ID: 28820757
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01/03/2013 01:10 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Economic Doom in the making. When will it all come crashing down? Can any of our great econmics experts answer? No, but some GLP tard will any minute now...
Best Wishes,
Uncle Alyosha

And here's a GLP-appropriate Bible verse (atheists may read, too):

God chose what is foolish in the world to shame the wise, God chose what is weak in the world to shame the strong.

- 1 Corinthians 1:27
No Dhimmi (OP)
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01/03/2013 01:15 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
FBI Should Investigate Bankers, Not Protesters

It shouldn't shock anyone anymore to say that the United States is now a police state, or that walking on a sidewalk in New York City while protesting can end up with your head in between a cop's knee and a sidewalk, or that the I in FBI stands for Intimidation rather than Investigation. Hoping that President Obama will suddenly start caring about the rights of protesters in the United States or appoint a new Attorney General that will prioritize the protection of the First Amendment is naÔve and silly. But what we should do is continue to build our own evidence locker against the bankers, continue to announce their crimes to all who would hear, and keep risking arrest to get the truth out. Maybe we can finally turn the cops against the real bad guys.


[link to readersupportednews.org]
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 961432
United States
01/03/2013 01:15 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Economic Doom in the making. When will it all come crashing down? Can any of our great econmics experts answer? No, but some GLP tard will any minute now...
 Quoting: Uncle Alyosha


I'll make a guess as a GLP Anon Tard. By 2025 the bulk of baby boomers will have retired. Current estimates are that $100 trillion in promises to social security, medicare and medicaid have been made to these retirees.

That is 12 years from now. As they retire they will also liquidate assets held and downsize their standard of living, as all retirees do. We don't have $100 trillion or even the credit potential without destroying the dollar completely.

I give it all a decade tops before they do blow the dollar out of any value. They will print and print to meet these promises, trying to keep their voting constituents happy, most of whom do not understand the debasement of their money in the process.
Anonymous Coward
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01/03/2013 01:16 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
The most ridiculous thing is that the money to pay the debt back does not even exist.
 Quoting: patrikspengler 31354683


That is exactly the reason that it does not matter !

To whom do we owe the money to ? A printing press ?
It is only numbers to control the masses !
The problem is the bets that are placed on/against the repayment of this printed script (CDS's/CDO's). They found out that the debt can't be repudiated if they insure it against its repayment because they have to print up more to honor the insurance (there may be a $50 bet on $1 not being repaid) when it's not repaid (inflation).

Its called "balance sheet illusions" as the bets (50 to 1) are counted as assets on financial institutions balance sheets !
No Dhimmi (OP)
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User ID: 198576
United States
01/03/2013 01:22 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
Rats jumping ship

Geithner Said to Plan Departure Before Debt Ceiling Deal


[link to www.bloomberg.com]

Last Edited by No Dhimmi on 01/03/2013 01:22 PM
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 1369074
United States
01/03/2013 01:27 PM
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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
So if the WHOLE WORLD is in debt, WHO is the debt holder?

Its all BULLSHIT!
No Dhimmi (OP)
Proud Infidel

User ID: 198576
United States
01/03/2013 01:28 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
So if the WHOLE WORLD is in debt, WHO is the debt holder?

Its all BULLSHIT!
 Quoting: Anonymous Coward 1369074


Yes it is, and shit rolls down hill- we are going to be craped on real soon!
Background of my avatar: [link to bibelen.spam]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.

[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to prophetofdoom.net]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
ANHEDONIC

User ID: 26795689
United States
01/03/2013 01:37 PM

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Re: Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide.
The most ridiculous thing is that the money to pay the debt back does not even exist.
 Quoting: patrikspengler 31354683


bump

"You will not be punished for your anger, you will be punished by your anger"

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