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

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What we have done to future generations over the past 30 years is absolutely criminal.  30 years ago the U.S. national debt was a bit under one trillion dollars, and at that time it was considered a huge national crisis.  Today, the national debt is 14 times larger and the years ahead look absolutely apocalyptic at this point.  We have literally sold our children and our grandchildren into perpetual debt slavery.  We have accumulated the biggest mountain of debt in the history of the world, and our children and our grandchildren will be burdened with it for the rest of their lives.  All of our politicians keep talking about how it is vitally important that we do something about all of this debt “soon”, but they just can’t seem to stop wildly spending our money.  They keep telling us that now is not the time for deficit reduction because it would harm “the economic recovery”, but the “right time” for deficit reduction never seems to come along.  The national debt statistics in this article are meant to shock you.  Hopefully they will shock you enough to actually take action.  Up to this point, the vast majority of Americans have been extremely apathetic about the horrific crime that we are committing against future generations.

How would you feel if you found out one day that your parents had run up a million dollars in debt that now you were obligated to pay off?

Would you be absolutely furious?

Of course you would be, and rightly so.

So how do you think future generations will feel about us?

We were once the wealthiest nation on the planet, but we have taken that great inheritance and we have squandered it.

Now we are handing our children and our grandchildren the largest debt the world has ever seen.

How in the world can we do that?

How can we consign our descendants to perpetual debt slavery and still feel good about ourselves?

The America that we have all been enjoying so much today is going to be wiped out by all of this debt.

We have literally stolen the future.

We just had to keep spending more and more and more and more.

The greed of this generation will be remembered for a very, very long time.

The truth is that both political parties are responsible.  Both of them have voted over and over and over to keep running up these huge budget deficits.

If you have voted for big spending Democrats at any point over the past 30 years then you have contributed to the problem.  If you have voted for big spending Republicans at any point over the past 30 years then you have contributed to the problem.

Now we have reached a point where a horrific financial meltdown is basically inevitable.  We are living in the greatest debt bubble in the history of the world, and it is only a matter of time until it bursts.

The following are 17 national debt statistics which prove that we have sold our children and our grandchildren into perpetual debt slavery….

#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 billion dollars every single day.

#5 The U.S. government is borrowing approximately 2.63 million more dollars every single minute.

#6 On September 30th, 1980 the U.S. national debt was 907 billion dollars.  Just thirty years later, the U.S. national debt is over 14 times larger.

#7 According to a recent U.S. Treasury report to Congress, the U.S. national debt will reach 19.6 trillion dollars in 2015.

#8 It is being projected that the U.S. government will be paying 900 billion dollars just in interest on the national debt by the year 2019.

#9 A trillion $10 bills, if they were taped end to end, would wrap around the globe more than 380 times.  That amount of money would still not be enough to pay off the U.S. national debt.

#10 The U.S. Congress has raised the federal debt ceiling six times in just the past three years.

#11 The 111th Congress added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#12 The 111th Congress got us into so much new debt that it breaks down to $10,429.64 for each of the 308,745,538 people counted by the 2010 U.S. census.

#13 The U.S. government currently has to borrow approximately 41 cents of every single dollar that it spends.

#14 When you break down the debt that the U.S. government owes to China alone it comes to over $10,000 for every single American family.

#15 If you were alive when Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.  Almost unbelievably, the U.S. government will accumulate well over a trillion dollars more debt in 2011.

#16 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#17 The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 percent of GDP by the year 2080.

But the American people don’t want to hear that we have spent decades creating a horrific debt crisis that is not going to be easy to fix.  They just want someone to “tweak” a few things and get us back to being the greatest economy on earth.  Unfortunately, it is simply not that easy.

Just check out the chart posted below.  Our debt is exploding at an almost exponential rate….

But what do you tell a nation that is completely addicted to debt?

On an individual level, it can be a lot of fun to wildly run up credit card debt, but at some point you have to stop and start paying down that debt.

Unfortunately, on a national level we can’t even get our politicians to slow down the rate at which our debt is increasing.

Sadly, the chart above does not tell the real story.  It is based on fraudulent government accounting.  If the government used GAAP accounting (like all public companies on Wall Street must), the numbers would look much worse.

John Williams of Shadow Government Statistics says that if the federal government would have used GAAP accounting standards to calculate the federal budget deficit for 2009, it would have been approximately 8.8 trillion dollars and that there is simply no way out of all this debt….

The government’s finances not only are out of control, but the actual deficit is not containable.  Put into perspective, if the government were to raise taxes so as to seize 100% of all wages, salaries and corporate profits, it still would be showing an annual deficit using GAAP accounting on a consistent basis. In like manner, given current revenues, if it stopped spending every penny (including defense and homeland security) other than for Social Security and Medicare obligations, the government still would be showing an annual deficit. Further, the U.S. has no potential way to grow out of this shortfall.

The U.S. government is essentially bankrupt at this point.  It is just a matter of playing out the hand.

The rest of the world is starting to realize this, and confidence in the U.S. dollar is beginning to significantly decline.

Things did not have to turn out this way, but Americans did not listen to the warnings and so now this is where we are at as a nation.

The next time you see a small child, look into the hopeful eyes of that child and just think about what we have done to the future of all of our children.

We have obliterated the financial future of this nation.  Someone should be put into prison for all this.  But instead the mainstream media treats prominent politicians from both political parties like rock stars.

The mainstream media continues to perpetuate the myth that the U.S. economy is on the road to a grand recovery and that eventually we can get a handle on all this debt and that somehow everything is going to be okay.

Well, everything is not going to be okay.

All that is on the horizon is great financial pain, and the sad thing is that it could have all been avoided.

But now the game is over and the day of reckoning is coming soon.

We are going to reap what we have sown.

  • Gary2

    We need to stop giving tax cuts to the rich. This is why we have a debt/deficit. Bush gave the rich tax cut after tax cut. All it got us is the republican great recession. No Jobs, nothing but the rich getting richer. Any debt/deficit can simply be solved by taxing the rich. For those who think even the rich do not have enough to pay it off then it will at least make a huge dent in the deficit. The republican conservative philosophy is morally bankrupt and it destroying our country. Welcome to the conservative banana republic of America.

    • MP



  • Michael

    As long as people think that the economy is doing fine, then they will feel free to spend the money that they earn and they will help to create new jobs and save existing jobs as well. If enough people share this delusion, then we will be able to put off a complete collapse for a few more years.

  • Perry

    Only $19.6 trillion by 2015? Our government is lying to us again! Since that projection was made the Bush Era tax giveaway program to the super rich has been extended two more years. Surprise! Surprise! Any chance they won’t be made premanent when Sarah and party takes over in 2013?

  • Bibi

    We didn’t do anything. They did. The Psych Ops conditioning started with mandatory public education courtesy of the Rockefellas. All that you live and breathe is a lie. Everything you are lead to believe is utter bullsh*t. Why, you even live in a fake a*s “country. The United States is a corporation. A business. Why do you think Lawyers and business people “rule the masses”? They are not fit to run a circus. Dumbing down the masses has been a priority since day one. Just look around and you will see the results of decades of mindless crap that is taught in the schools. People can name Columbus’ 3 ships but can’t name a Supreme court Judge. Or explain what the Central Bank is. Or even know how to live in the world as a responsible adult. You are never taught the real world anything. You are lead by the nose to be a consumer. A debt slave. Which brings us full circle back to the article. We have been taken for the biggest ride in the history of the world. There is only one problem. It affects everyone on this planet, and they are not amused. Stay tuned…..

  • Joe Cimino

    Well as an american living in Africa I can see that the bleeding heart liberal (we can help everyone attitude) democrats have sunk the ship. Americans they are your kids feed them yourselves. Stop all these entitlement ( not entitled to sh**.)programes and start making people pay their way. You sent all the jobs offshore with your huge taxes. Now what? You have no clue. Watch out China is creeping up your ***

  • mark chan

    Both the US Government and the American people have been overspending for too long. Since the financial crisis of 2008, Americans have sharply increased their savings rate but the American Government has done the opposite : sharply increasing its spending. The US Government has to start practicing austerity, and the starting point is cutting back on its huge military spending which funds over 800 military bases on the globe with an amount equalling the sum total of the world’s top 45 countries combined. America needs to be more commercially-minded that military-minded in the future and the future is today.

  • First, it is not our children who will have to deal with the debt, but us, citizens now below 60 years old.

    Because, not all the debt is made of 30 years Treasury bonds!

    A large chunk of the debt is very short term maturity bonds, less than a year, because it is much cheaper to finance, almost free nowadays, given the actual interest rates.

    On top of that, the Fed is doing its best to put its hands on all the long term maturity bonds available on the market.

    But the short term debt has to be constantly rolled over, meaning that those holding it, like the Chinese or the Japanese, have to keep on holding it, or to find buyers willing to hold it. Until now, they have kept on holding it…

    Having said that, the numbers have become meaningless and, obviously, no one in his right mind, thinks that this debt will ever be repaid.

    What matters is the capacity of the borrower, the US or any other country, to pay the interest.

    And when interest rates are extremely low, it is possible to finance a huge debt with little pain. Japan has more than twice the US ratio of debt to GDP, but it is paying much less than 1% interest on its 10 years bonds, so it can live with it.

    What would quickly put an end to these gigantic Ponzi schemes would be a significant increase in interest rates; something not likely to happen in the actual economic environment.

    Now, considering the amount of Western and Japan fiscal deficits (and debts), one could estimate that the currencies of these countries are way overvalued, and that even the recent increases in commodity prices do not reflect the real devaluation of these currencies.

    An ounce of gold at 5,000 or more dollars, and a barrel of oil at 150 or 200 dollars would probably better reflect the depreciation of the major fiat currencies.

    That is, as long as suppliers, such as oil exporting countries, accept to be paid with something losing (real) value every day…

    Click on my name to visit my blog.

  • Michael

    The US will either default or inflate to get out of this. The middle class has been destroyed, and the rich control our politicians, so that they can keep their tax loopholes. Americans will be punished thru inflation.

    This all started with FDR, and his unconstitutional socialist programs to try to get us out of the depression. Since then spending has only increased.

  • I’ve mentioned this issue to several adults with children and they all don’t care!!!

    Debt is just one thing, let’s add on the following:

    – Spreading wars
    – Killing citizens around the world
    – Stealing/depleting resources
    – Polluting the environment

    Not one adult with children seemed to care and understand that their children and children’s children will pay the consequences…

    Where do we go from here?


  • Tracy

    NOWHERE TO RUN!!! NOWHERE TO HIDE!!! may God have mercy on us because the bankers sure wont.

  • Haid DeSallami

    We aren’t going to reap anything we’ve sown. You don’t get it yet do you. OK, I’ll spell it out for you one more time:

    just like 5-6 yrs ago people holding multiple properties took equity loans out against every unit with the intent to default. They pocketed the dough & went belly up sticking the creditor big time.

    What is the US gub’mint doing Why they’re running those credit cards to the max & beyond damned the penalties or future pmts. Cause we’re going to default.

    Run up the credit cards, make a few pmts then go under, stiff everyone.

    Our grandkids will be heirs to the most solid economic structure ever produced in history, no debts.

    Then we go on a major buy American campaign & shut out China cheapie goods & foriegn labor.

    screw the world & everyone in it.

  • Tom

    Most state taxes are spent on education. Children make up most of the poor as well. Truth is the children are bankcrupting us. They should pay it back. Parents demand a free education for their kids and get tax breaks.

    The Young commit the majority of crime too. While they sit naround eating sugar and playiing with electronics, we are their slaves. Time to free us from the brats.

  • Steve

    Seems that we owe the most to China. All we gotta do is nuke them, no more China, no more debt, all their factories are gone. We rebuild the factories here in the US where they should be anyway. We like war. The military/industrial complex will make billions and be behind this plan. Problem solved, no debt, manufactoring comes back to good ole USA. Simple solution

  • Tom

    The children can thank the republicans for transferring the wealth to the top 2%. The wealthy pay little in taxes and sold our kids future for a few wealthy elites.

    The tea bagging trash claimed they were afraid of deficits and now supported a trillion dollar tax give away to millionaires and added to the deficit. They are low end white trash.

    Republicans dont just hate hispanics and gays, they hate the children.

  • Michael2

    I have counted the word WE used in reference to America’s problems at least 13 times in this well written article. And other than this I agree with about everything else in the piece.

    In my humble estimation what has happened to America is largely a case of what “they” have done to America. In my humble opinion American’s are being lied to and criminally conspired against at this point. Many of the so called “laws and legislation” that have enabled a handful of banks, war profiteering companies of the military industrial complex and other corporations of key industries to plunder America have been passed in the dead of night or while “disasters and crises” were occurring when the American people were not looking or distracted. The next thing WE know laws have changed and the whole financial industry is in chaos just since the Clinton Administration. And the level of secrecy (thinking Federal Reserve) for this being a “Democracy or Constitutional Republic” is simply breath taking.

    The post before this one was on how so much of what an average American does anymore is possibly criminal and how capricious some law enforcement officials have become. To me this has serious implications on how strong the emphasis on “we” should be when discussing what is really happening in America. Frankly it does seem to me that it is now like everyone is a suspect until proven otherwise, forget innocent until proven guilty. We “little people” as the BP executive frankly said are being lead to turn on each on yet another level instead of focusing on the real culprits. Government agents are obligating us to expose our genitals and bend over and cough at airports. Like a Wall Street banker will be up someone’s back side. Neighbors are being recruited to spy and inform on each other, government is spying on us, censoring, and monitoring civilian communications etc, like all the solutions to America’s problems involves controlling us “little people”. The Homeland Security list of possible ‘persons of interests or suspicious activities’ is so broad now one can be put on a “watch list” for any number of every day mundane activities. This is scary and maybe why American’s response to all the chaos has been muted.

    Imagine if no one voted, no American participated in this “Representative Democracy” does anyone really think what is happening would stop? I don’t think it would stop for one Manhattan Minute. Where is the “we” in a system like that? How do American’s win in a system that control of both sides only benefits a select few?

    Another thing that bothers me is how Americans are being characterized by the leaders, TV personalities, and one another. Every day I hear opinions expressed that Americans are fat and lazy, ignorant, afraid, wusses, suckers, weak, creatures of comfort, fat and complacent, infantile, incompetent, tin foil hat loonies, crazies, etc. How then did America get so great then? How is it that A HANDFUL OF AMERICAN WUSSES IN OUR MILITARY CONTROL AND OR INTIMIDATE THE REST OF THE WORLD if American character is as described above? We by far produce the best fighters, be it in the military, boxing, UFC/WEC fighting, wrestlers, footballers, etc. Our under classes are gun totting, gang banging, drug dealing, tough SOBS who fill our increasing number prisons. If we are so soft let a foreign invader land on one of the shores of America and I am certain blood would flow in historic proportions and we would still be speaking English at the end of it.

    I am also tired of hearing Americans are just bending over and taking it. I have seen footage of protests at both the GOP and Democratic conventions, the G20 Summit in Pittsburgh and in response to the so called “banking/financial crisis” but the media scoffs, underplays, insults, ridicules, belittles and uses any other number of tactics to discredit people. I saw footage of crowd control sound weapons, water cannons, protest zones, tear gas, horses, dogs, etc. used at all of these protests. I have long thought that there are too many boots on the grass roots.

    In concluding my rant, lol, I think the we used in describing America’s issues only applies when it comes to sacrificing to “fix” the problems. There was no WE when the trillions got passed out for bailouts or bonuses. There was no WE when the profits were privatized and the debts socialized. There are no WE on the decks of the yachts, in the private jets or in the yards of exotic international Villas, in my opinion it is only THEY!! Describing what has happened in America as a WE thing is an monumental act of denial to me, fear of facing the true reality and a way to scape goat others instead of confronting the real culprits and villians.

  • i have in all my years never seen any good come out of greed

  • Band of the White Rose

    Suggestions: 1) Eliminate Dept. of Education. A money pit and an abject failure. 2) Eliminate Dept. of Energy. Oil lobby’s wet dream. 3) Eliminate Fed Reserve. A tentacle of the shadow government. We believe these suggestions are at least a START.

  • Michael2

    ps. There is WE in who benefits and profits off of a debtor peasant and impotent American public. There is no WE in who will benefit and profit off of the American children and generations to come who are now debtor slaves either, in my humble opinion of course!!

  • Band of the White Rose

    “It is for freedom that he has set us free. Stand firm then, and do not let yourselves be burdened again by a yoke of slavery.” Who “set us free”? Christ. (Galatians 5:1) Of course, if you’re an unbeliever then find your own reason to “stand firm”. That’s alright, but find it.

  • DeathSpiral

    A recent speech by Vermont-I Senator Sanders says it all: WAR Against Working Families

  • All we need now is for the US dollar to loose it’s status as the world reserve currency and the illusion that blinds most Americans to this wall of debt will be stripped away. Unfortunately, it will be too late to do anything about it at that point. And the only option that I can see at this point is to dump dollars for anything else while you still have time.

  • Tim M.

    Sometimes I think it may be better if young people don’t know about this nation’s fiscal situation. I mean, when one comes to understand just how dire the situation is, what incentive is there to work hard and save for the future? If one’s earnings aren’t confiscated through higher taxes, they certainly will be through inflation.

    When I see young people with aspirations of going to college and having a great career, I wonder if they have any clue as to how the bleak the future is. It’s not worth going into debt for a college degree that will probably be worthless when they graduate. I mean, they’re already strapped with debt they probably don’t know about–the debt the federal government has racked up on their behalf.

  • William

    This nightmare has happened in only the last 30 years. Ronnie Raygun and the Smirking Chimp Bush gave the nation tax cuts we could not afford. Remember, Clinton had the last 4 years of his administrations with a balanced, or in surplus, budget. While the performance of Obummer and fools Pelosi and Reid has been terrible, it is a fact that tax cutting by Republicans has led America to the brink of solvency. I doubt if there is any chance for meaningful recovery. Not that tax cutting is all bad. But, cutting taxes has to be accompanied with reductions in spending. The Smirking Chimp Bush cut taxes and then started an unnecessary war of choice that has cost close to a TRILLION DOLLARS over the past
    7 and 1/2 years…..all borrowed from the Chinese. Not so funny, is it….not to even mention the hundreds of thousands of innocent lives lost for no connection to 911. We held the Japanese accountable for Pearl Harbor…..we held the Germans accountable at Nuremberg. WHY are not Bush, Rice, Cheney, Rumsfeld, Wolfowitz, Feith, Perle and Tenet locked up????

  • John

    At what point do we address the legitimacy of requiring the people to pay for debt acquired by Government employees?

    The FED + Debt Payable By Someone Else = Endless Spending And Debt To Infinity

  • Gary2

    The solution-Tax the wealthy HARD, very HARD-80%plus. for those who will say even the wealthy do not have enough to solve the debt/deficit then they will certainly be able to make a huge dent in it. The wealthy stole from the working people by pocketing their productivity increases. They then used their great wealth to purchase congress who passes laws that favor the wealthy at the expense of middle/working people. (think free trade/deregulation, ETC)

    Nothing and I mean nothing will be fixed with this country until the wealth and income and the power that it buys is spread more evenly. This is a fact. This will happen at some point as even the dumbest among us can see this is the problem. We do not really have a spending problem but a not enough revenue from the rich problem. They do not pay their fair share. Think hedge fund rich only paying 15% on their “Capital Gains”. If the rich don’t like it tough. They can leave minus their wealth. The IRS can work wonders getting rich peoples ill gotten wealth.

    Every year rich people STEAL thousands of dollars from working/middle class through theft of productivity increases they steal.

    This republican great recession is caused by conservative philosophy which is to only give tax cuts to the rich. Well where the hell are the jobs you right wing fools? The rich have gotten nothing but tax cuts. Why does the morally bankrupt right keep perusing this? They must really be mentally challenged.

  • zack

    If the debt was accrued in order to finance legitimate expenditures it wouldn’t be as problematic, but perhaps 95% of the Federal budget is both unconstitutional and unwise. Now the debt is going to be “paid back” with funny money freshly created at the Fed. America is a real mess.

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  • Joe Shepherd

    I am not enslaved by the national debt. I have a passport and will bail at a moment’s notice.

  • No More Lies

    You guys still don’t get it…

    Deficits result from spending more that you receive…

    The equation has two sides…spending should be equal to or less than your income. Not the other way around.

    Return to constitutional government, end all of the unlawful, unconstitutional programs and put the federal government back inside its container and this will not happen again (assuming we can recover).

  • 1hundred6

    Everyone has it all wrong.

    “Money itself isn’t lost or made. It’s simply transferred from one perception to another”.
    -Gordon Gekko “Wall Street”

  • sjsearcher

    If you vote Democrat or Republican, then you are also the problem, and you deserve what you will get.

  • Maria

    The oblivious go wherever, do whatever, and believe whatever the government tells them…as long as the government takes care of them.

    A day will come when the government will cease to function. This day is fast approaching.

    The government won’t be able to feed the masses, and they won’t be able to house them.

    The government may cease to exist.

    That’s when the oblivious will awake to the hell of oblivion.

  • lostinmissouri

    Do not worry about paying off this debt. It will never be paid. The entire world economy is sinking in the same ponzi scheme. It is only a matter of time before it all collapses.

    If you are not moving into gold/silver, or even pre 1982 pennies, you better get started. Add to that guns and ammo.

    Sorry Gary, you are to blind, to see that your kind, will end up being blamed for all this.
    Surely, you didn’t believe the “rich” would take the rap?

  • Ione

    I want to ask all the folks who have commented here. I understand that all of you are angry. But how many of you are college educated? How many of you have heard the phrase “if you can’t beat them, join them? Well I was educated in a private school, private Jesuit High School, and attended Boston College on an athletic scholarship. When I graduated in 1982 i was going to return to California but the real estate was out of control at that point. So not wanting to move back with the parents, I chose to stay in New York, attended Fordham and received 2 advanced degrees, and a PHd, from Columbia. My parents both worked hard to send 3 other siblings to school as well. Yes I used to get bummed hearing about “the rich kids” vacations. I was lucky enough to have an uncle who had a better job and would take all the kids on vacations–albiet the were modest—they were vacations. But I always believed one day. Well that day came when I got hired at an investment house, working in the “New Venture Capitol” division. I saw how it worked and sometimes did not work. After a 5 years I left with a lot of money I earned, thats what college does for you. All along I started to see the system was overloaded back then and that education was a scam for future generations. So I started a consulting business and started and started inventing and patenting some of my ideas because one day that “Internet thing would be in use”. That day came and I focused all of my efforts to get my patents sold. Guess what I did. So I have had a lot of fun and control my investments. I own homes and thats’ all I will say. But I have only a debit card and 1 credit card. As I prepared for 2000 taking a hard look at investments that would be pushed on the masses and invested in companies that would suck your dollars right out of your pocket, when the housing boom came, and I saw the end coming and decided too move all of my investments and my technology companies into a hedge fund. Now here is where the college degree paid off. As George Bush was spewing lies in 2005 saying that 72% of Americans own homes, and the very next day a Vanity Fair article about how GS New President was bragging about all the profits they made in a deep recessed economy, because of new investment tools and strategies. I was like hmmm that won’t last long. Now the next part of my college education came into play. Knowing that most of the people in this country don’t really make the money to live in most of the houses, I went out myself and dug deep on every corner of the housing market. I was right and knew it would not last. How many of you people were smart enough to do that? Yes I found out how bad it was and saw the percentage of working class people were using the rising value of there house as an ATM. You see my hedge fund did not process and chop up loans, we never took money from the fed. I knew that all the others did. So I bought insurance against them failing. How many of you did that. Yes when they collapsed I profited massively. Do I feel for any of you. No i don’t. My company did not call you and tell you to try and live like me by taking out money against your house. If you would have taken some of that money from your house and invested it in my hedge fund all of you who are whining about the rich people would be rich too. How many of you invested in any Internet companies? — if you all knew it was a scam at least you could have made money. How many of you have more credit cards. Stop blaming rich people. Remember you had a choice now most of you don’t. So you complain. Yes as owning Internet technology I pay virtually no taxes as long as I show $1,000.000.00 in R&D every year. Yes as a hedge fund manager I pay a tax but it is far less than the 15% the media keeps spewing. Most of you still have choices. Put it this way. I bought land to plant veggies, grow wheat, chia seed and a couple of super grains just in case. I have stock piled food, water, fuel. I am a democrat and have always been. Obama was not a good choice, if any of you would have looked who gave money you would have seen it was Wall Street, but most of you were so desperate for change you did not change, you just waited for it. See I know the gold bars I have and silver coins I have will buy things from other people who have gold and silver. I also know that if it stops and the shelves go empty I have grain to bake bread. How many of you can bake bread, or will you be like the sheeople and stop eating bread. This blog is information on how bad it will get and the coming hell with it. Go out and get a business, or a website and find something to sell online, or something to sell locally. But quit blaming the rich—it’s the people who control the system. By the way I have never donated a penny to any President, I have never bought a politician, I don’t donate to lobbyist so they can make the policy changes for me. But I will say this you better learn how to have an income stream, because in about 3 or 4 years most of you will be sent to a FEMA Internment Camp. Clinton had the power to ban REX 84 instead he expanded the REX 84 Bill. And while most of you were pissed at Bush and his criminal thugs, most of you kept taking money out of your house. And using credit cards to take trips you know you could not afford. Then when it was too late and you realized you were part of the problem created, you blamed guys like me. Then when the bailouts came and credit cards were re-issued. You sat in your now newer car, or house and waited for Obama to save you. Most of my republican friends did not have faith in him, but yet they did nothing to prepare themselves. Obama is a pussy plain and simple. But waiting around for something to happen is even worse and that make you guys pussies. So as 2011 nears repeat after me. “In 2011 I will get off my unemployed ass and do something about it” hopefully it won’t be with a gun in your hand. So as you see my hard work has paid off, maybe you people should try working smart rather than hard. Most of you created your own mess — be honest about that. Do I feel sorry for you? Only in the sense than most of you have still done nothing.

  • Cogitator

    After reading the comments posted here, I am even less hopeful. Most are still choosing up sides and blaming the Democrats or the Republicans, or hating the rich. Both parties have been responsible for the excess government spending, and the rich are not our enemies, nor can they fix the problem even if we could take all of their money.

    It seems almost everyone wants something for nothing, or at least to have their thing subsidised by others.

    In order to get on track, it is going to take massive change, and I don’t think the people are ready for it. As I said, reading comments here convinces me even more.

  • CHAS

    I love left wing wackos (like Gary) who blame everything on everyone but themselves. You probably voted for the biggest spenders in the history of the world…….Democrats. But to ease your mind, Half the country voted for the 2nd biggest spenders…….Republicans. But the ones who are the most to blame….YOU, for voting for these con artists because you were bought off by their promises which are impossible to keep. NOTE: Taxing all the income of all the citizens of the USA plus taxing all the USA corporations 100% of their profit will still not be enough to pay the annual budget of Social Security, Medicare, and Medicaid. USA = Nanny State. Only one politician got it right and that is Ron Paul. He was ostracized by his own party and demonized by the Democrats but I and many others credit him with being RIGHT!


    But I and few others saw this coming and we will survive just fine and be alright. We lived within our means and did not fall into the consumption, self-entitlement trap. 2008 was just the beginning; the real crisis is ahead of us.

  • Linda Rivera


    Is this REALLY our AMERICA??????

    Know the TRUTH about the Government Health Care Bill H.R.3200 – Key Points

  • Linda Rivera

    The highly destructive Cap and Trade. An inferior health care plan that no one wants and CANNOT afford to pay. The threat to jail and/or fine those who don’t purchase the government enforced plan.

    Massive spending as if there is no tomorrow. Fighting wars we have no money for. Massive borrowing. The Massive giving away of Billions of dollars every year to other countries, including the oil-wealthy Middle East, Hamas-controlled Gaza and the Palestinian Authority organization who fill their war chests, build mansions and laugh all the way to the bank with free infidel money. Whilst in America, homeless shelters are filled to capacity; tent cities have sprung up all over the U.S. filled with desperate, jobless, homeless, NEGLECTED Americans.

    Massive debt. The massive printing of paper money. There is no question that the total DESTRUCTION of America’s economy is planned. The results will be horrifying. In the once wealthy and great nation of America, millions of Americans will become destitute, hungry and homeless with no money or resources to help them.

  • Linda Rivera

    A major investor states America is going to reach Zimbabwe hyperinflation.

    Organic, non-gmo fruit and nut trees and berries must be planted in all of our nation’s cities’ and towns’ parks and wherever there is space to help the many millions of Americans who are struggling to survive.

  • Linda Rivera

    Watch it. And weep for our great nation and people:

    FALL Of The Republic – The Presidency Of Barack H Obama – The Full Movie HQ

  • alice

    If the Trillions of dollars of debt and counting doesn’t scare us anymore into action what will? Our leaders continue to borrow against tomorrow to live for today, who do we turn to for responsibility in government? Promises are made and broken all of the time, and it doesn’t even bother us any more than the debt/deficit we have accumulated. How do we stop this madness? Very few politicians have the courage to sacrifice their political re-election for the benefit of the country! Keep voting out the incumbents seems to be the only way to force patriotism of our politicians. Their self-interest is ruining this country!

  • Thanks to the staff and writers of this article!!
    As a student of Bible prophecy, we are at the end of the rope and the end of the age too!!! Bible prophecy is being fulfilled right before our very eyes and most people do not see what is right ahead of them!!! In Galatians 6:7,8. “A man reaps what he sows. The one who sows to please his sinful nature, from the nature will reap destruction; the one who sows to please the Spirit , from the Spirit will reap eternal life. Take a serious look around, people’s actions speak louder than words!!!Our leaders have lied to all of us to the tune of Trillions with a “T” in debt!!! When will the American people wake up? Friends, get prepared for some of the most troublesome times in the history of our country starting in 2011!!!

  • HJ

    Were any of us voters in 1913? No!
    Were any of us even born,let alone armed and able before the establishment of the police state? No!

    The point:

    I’m really fed up with all this “it’s our fault” talk!
    “We” were born decades after this mass illusion was crafted and implemented.

    If we don’t spend,we are ruining the economy and costing our fellow Americans jobs.
    If we spend,we are accused by our fellows for selling future generations down the river of debt.

    As important as it is to continue to wake the sleeping,the time for the blame game is over!

    As Billy Joel sang: We Didn’t Start the Fire
    All “we” can do is,do our best to put it out.

  • mondobeyondo

    Our progeny will hate us forever, forever, and forever again, for the legacy which we have left them with, and which was ENTIRELY NOT THEIR FAULT!!

    Some day in October of 2155, your great grandson or granddaughter will curse you and the present generation to its knees, when they learn in their schools in Beijing, New Delhi, and Rio de Janiero, about how the USA (long since dead) used to be a mighty superpower. And about how you were part of its demise. And about how in the late 20th century, this great nation squandered its wealth and fortune for…

    Ipods, Playstations, and Wal-Mart goodies.

  • MC

    Yeah its all true. Unfortunately, it will be the “children” argument that will persuade the masses to change to either a regional currency or even a one world currency. Its all in a manuscript somewhere.

  • mondobeyondo

    Most people in America are too brain dead to do anything about what’s really happening to our country.

    They are sheeple. Thoroughly brainwashed, to do what they’re told.

    All ready to enter the new Orwellian world, where war is peace, and security is freedom.

    But in all honesty, I mean, who would you rather listen to, Brett Favre, Michael Vick or Ben Bernanke?

    Ask someone who Tim Geithner is. Just anyone. They probably won’t know. Or they’ll tell you that he played for the Patriots from 1991 to 1993.

  • Louise in MO

    There are some really hate-filled comments posted here. That’s too bad because the original articles are quite good.

    Each one of us made decisions that have affected where we are in life. If you decided not to go to college or pursue seconday education of some kind you probably are not rich. The comment posted by “Ione” said it all.

    And, to blame the children who had absolutely nothing to do with the problems we face borders on insane reasoning. I hope the person has no children because I wouldn’t want to be a child in that household!

    Blaming the rich and/or somehow expecting that they should pay your way through life is actually un-American! I am NOT wealthy but am not poor at this point. What I have chosen to do in preparation for the economic collapse to come is: pay off all credit cards; buy nothing more on credit; eat less expensive food; don’t eat out; use what I have and make do; stockpiling food and water; and help others in need.

    We are all in this toether and should keep each other encouraged. No we cannot pay off the national debt, but we can pay off our own.

  • mondobeyondo

    Vote Republican or Democratic, and you’re voting for a candidate who is guaranteed to win his/her respective office.

    Vote for a third party candidate, and it’s a wasted vote. Everyone knows the only parties that matter are Republican and Democratic.

    That’s how many Americans, including the mainstream media, see it.

    And it’s a very, very hard pattern to break. Third party candidates are generally considered oddities and buffoons, if not worse. Ross Perot tried in 1992, and actually made (somewhat of) a difference. Ron Paul tried in 2008, and was labeled an oddball by the MSM. So was Alan Keyes in 2008. You’ve probably never even heard of him. Third party candidates get the candlelight or flashlight. Republicans and Democrats get the spotlight

    Face it, the 2 major parties in this country have a vice grip on the electorate.

  • dan17

    I feel very bad for the people that have money problems. It can be me any day. I do not eat meat any more because it helps me spend less on food. I eat lots of cheese, beans, rice and pasta. At this rate I feel ok with it, no problem. I know that the stuff that i need will always be there. I don’t want expensive toys but I do want the soap and whatever the sun gives us. I see many children and they are betrayed but I want them to at least have food.

  • SaulRosenberg


  • Dude

    We just need to elect an anti-establishment pres who gives the finger to the financiers and defaults on the debt. With the most advanced military the world has ever seen, the US really need not worry

  • nybanker

    Follow the money. All of our currency is debt. The US treasury issues bonds with interest due, the Fed prints Federal Reserve notes to buy bonds from Treasury,we pay interest on bonds. The politicians do not have to raise taxes to spend money. Simply issue more bonds and let FED inflate our currency.Average citizen blames one party, social, economic class or the other while we are being robbed blind by government and certain bankers. Our constitution provides for debt free money. We have been hijacked.

  • Uncle B

    The veil of the propaganda machine’s smoke thins and Americans awaken, only to see that the Chinese have won the war on the economic front, and have ignored America’s posturing on the WWII type battle fields of the world, for which the Americans were over-prepared!

    The Chinese have, up and running, Nuclear/electric bullet train networks and their associated infrastructures, manufacturing, outside the American/OPEC, price fixing, oil cartel’s control, products for world markets, at a fraction of the American cost. The laboring folk within these, live on rice and veggies and are well within sustain-ability’s limits. They have replaced American manufacturers’ products world-wide.

    China has Solar, Wind, Wave, Hydro, Tidal, and Geothermal advances in the works, or accomplished as energy producers. China also makes advances on the Nuclear front, and creates thirty new reactors as we speak, designed specifically for Electric energy production – not for weapons as the U.S.A. has done!

    China puts humanure, sewage, clean, chemical free sewage, into huge ponds, grows Algae with it, feeds Carp on the Algae, catches, grinds, Carp for fish-food, and finally feeds game-fish for export to Americans, with Shiite! America pollutes lakes rivers and seashores, wasting the same fine flow of resources, and eats the Chinese fish they pay through the nose for! Exception: San Antonio, Texas, processes humanure resource flow into Bio-gas and fertilizer. God Bless their souls!

    America! Back to the 1000 sq. ft. rough cabins! back to the 4 cylinder cars! back to hand-me down clothing! back to three squares a day of wholesome, chemical free, home processed, cereals and veggies with very little meat on the side! back to walking to work! back to tenements in large cities! The days of the oil intensive McMansions in the ‘burbs and SUV’s in every driveway are over!

    Fact is: We compete for finite world resources with a very weakened, over-manipulated, fiat dollar that is losing face as we speak against the stronger, more stable less manipulated Chinese Yuan! Yes, folks, we have been euchred!

    The great names in America’s automotive past are gone! Oldsmobiles, Willy’s, Packards, Studebakers, and more, All gone! Capitalism sought fast profits, and high ROI’s, not nation building and a stable economy, so these marvels of technology were not developed further, they were cashed in – in the interests of the Capitalist’s personal fortunes and at the expense of the Middle Class – such is the Capitalist philosophy, not a supporter of the patriots, the peons the middle class.

    We, in America live through boom and bust created by our own system!The patriots work hard to survive during the up-swing and pay with starvation and hardship in the bust. This is historical. This is what happens when the cancer of Democracies, Capitalism, has its way with a democracy.Changing the rules of incorporation might kill off some of this cancer, but a dose of creeping Socialism usually forces the purse-strings of the Uber-rich in an attempt to maintain their cash-cow’s health and avoid communism, their arch-enemy! China is communist with a capitalist business market faced towards the U.S.A. – they are still a communist country! Beware, the Capitalists have sold us out to the communists for ROI on the factories they have invested heavily in, on the Chinese main-land. Stranger events have happened to Democracies, but nothing cures Capitalist exploitation better than severe taxation of the Uber-rich for the support of the peons ans patriots, through Socialist acts by the elected government. Europeans choked, some even commented on how foolish the American plebs were to reject Obama’s Socialist Medical aspirations! Poor dumb bastards, every one of them has hopes of becoming Uber-rich! How deluded they were, until now, as the veil of smoke thins, the propaganda machine weakens, and the truth becomes more apparent.

  • Teresa

    Hey Ione,

    I am Impressed with all your advanced degrees, but too bad they didn’t teach you what a paragraph is.

  • William

    Don’t vote. Don’t buy anything except the necessities. STARVE THE BEAST.

    Ahh, never mind. We’re f***ing doomed.

  • Joeyman9

    Oh come on! These banks that lent money they created out of thin air and lent it at interest to the US Government deserve………Repudiation of the Debt. They’ve gotten far too much from us since 1914 (when the FED stood up).

    This has biblical precedent; every 70 years there was a jubilee, a repudiation of all debts. We need that now or………..the world will become a massive feudal kingdom with almost everyone (except maybe a few 1000 people) living as serfs.

  • Teresa

    THIS is where we have really sold our children into debt. Read it and weep–these are real stories and real photos.

  • Jak

    We must stand behind the National Emergency Employment Defense Act, NEED, (H.R. 6550) introduced in the House of Representatives on 12/17/10 by Congressman Dennis Kucinich.
    The Bill stresses on the need to restore the power to issue nation’s money to Congress as the U.S. Constitution stipulates (Article1, Section 8). The Bill proposes to reconstitute the Federal Reserve from a bank of issue outside of government control to a bureau w/in the Department of the Treasury. The Bill also proposes the fractional reserve banking to end. Fractional reserve allows (private) banks to create money out of thin air and to loan it to the government (at all levels), to businesses and to consumers. The corrupt practice of private (bank) money creation has caused a huge public and private debt of around $53 trillion. Such debt can never be repaid. The interest on this combined societal debt costs more than $3 trillion a year. Private (bank) money creation has led to speculative bubbles in real estate, derivatives and others. At the end the taxpayers will for at least $7.5 trillion of bank bailouts.
    The U.S. government has been smeared long enough for being unable to control the monetary system well. American colonial experience of issuing government money in Massachusetts and Pennsylvania has proven supreme to that of Bank of England at the time. PA had full employment up to the 1760s when (the British) Parliament outlawed colonial paper money with its Currency Act. This caused the American Revolution, not the Tea or Stamp Acts.
    The Continental currency (during the Revolutionary War, 1775-1781) has had a lot of bad press and ridicule for rapidly losing its value. Nothing has been said that it was counterfeited by the British out of NYC. Congress authorized 200 million Continentals and 200 million were issued. The counterfeited currency was at least 2 billion. The result was the depreciation. Even if the Continentals were gold coins – circulating 10 times more would have had the same outcome. The Continental was ruined not by the American government but by its enemies in the British Parliament and their masters at the (then private) Bank of England. The bank of England was nationalized in 1946.
    Another success story of government issued money and the good monetary discipline associated with it – the Greenbacks during the Civil War. Congress authorized $450 million and $450 million were issued. This helped Lincoln avoid paying 25-30% interest on any loans by NYC banks …
    … The NEED Act outlines how the monetary power can be placed back in the hands of Congress (and ultimately the people) where it constitutionally belongs (Article 1, Section 8 of the U.S. Constitution). The new debt-free money bears a simple and eloquent name United States Money. No more Federal Reserve Notes. “Notes” spell interest and debt. Government controlled money power can work to the benefit of society by upgrading our archaic infrastructure, including education and healthcare. It can be used to issue a monetary Citizens Dividend to fill the $4 trillion dap between the nation’s GDP and the purchasing power of the population.
    We must move beyond our entrenched and parochial allegiances, and beyond the “-isms”. Grassroots movement is needed to keep the pressure on Congress and to pull America out of the rotten economic swamp …
    Do what you can so that more of “us, the people” learn about and stand behind the NEED Act in times of national financial and economic emergency.
    I wish you, your families and friends a Happy New 2011 Year.
    P.S. Check the writings of the American Monetary Institute, Richard C. Cook and Prof. Michael Hudson.
    P.P.S. About gold standard – the world’s GDP is about $65 trillion; there is only about $6 trillion worth of gold and most of it is in private hands – as jewelry in South Asia; you figure out how $15 trillion economy like the U.S. can back its money with a $1 trillion worth of gold.

  • joe

    Point taken on the 17 statistics provided but really, some of the examples are just silly. Who cares how many times you can wrap $10 bills around the world. What does that really mean to any one? Please provide data that is relevant to the subject matter and leave the “shock and awe” stats out of the articles.

  • Dear President Obama,
    To show you I Do Have This Little Heath Care Bug In MY Hands, please read the following interface.
    The complexity of the Internet, within variables of a equation is something one must become as one with. To allow your mind to see. This Government Spending is so great that the IRS stated that they can not show a audit of the spending of Government Officials. I find this hard to believe because the IRS can audit the lives of 260 million people at any given time, pull up your file going back 7 to 10 years. Within the Matrix of the net only a truth can be seen and a lie is as simple as “There Is No Spoon…
    I can not teach what I see, but to show you what we have become. A $ dollar number and no more then this. While Government Officials fight The People to enforce this Health Care Bill against us. And the only truth is “There Is No Spoon.” Because I once showed The People how this Health Care Industry was a $100 Trillion Dollar System Per Year of income,not profit.
    From the time of birth, DNA testing goes forward, so that Insurance Companies can pick the people of good heath over those born with Genetic Defects. The Mathematical Equation put into use by the Artificial Intelligence of this DNA Test Concept, has brought the Health Care Bill under fire, because this takes away Privacy of Ones Being.
    I am only human. Today I still have a cold, I feel like crap. But now the Agents Of The Internet see what I am as human. Once I apply my mind into the Matrix, I see variables that is lost to most.

    As you can see your Tax dollar return is delayed. It does not take a smarty pants to see that the IRS does not have this money. The miss spending of $2,Trillion Dollars for a Whisk Broom and Dust Pan that also the IRS can not find, “shows us only a truth.”

    Waite one minute, hold the press, Officials of Government state we are in debit $4 Trillion dollars overseas. Well, why didnt our Government Officials ask the People Of The United States for the money ? We have it. Our Taxed system as of now is a $900 Trillion Dollar income, not profit. Just apply a 10% tax against that Cooperate, small business, and other tax revenue. The 10% is just a kind of right down the middle of this Tax System. These number is very close. And when was the last time the People audit our Government Officials and this IRS System.
    So why not apply a 10% per cent rollback against our Government Officials. This would send a message and began the healing of our economy.

    By Henry Massingale founder and director for / FASC Concepts in and for Pay It Forward covers the web post on google Drop by and see why we built a anti crime / war form in a Health Care Reform Concept. To strategically Rebuild America on google look for page 1 american dream

  • Monk

    Don’t forget total U.S. debt:

    In addition to government debt, households and businesses owe more than $40 trillion. From what I know, households owe something like $10 trillion, rising by around 10 pct each year.

  • olde reb

    The national economy, since 1913, is based upon a Ponzi scheme.

    Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

    The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

    If a Ponzi scheme does not expand, it totally collapses. Additional expanding at this time (i.e., Deficit spending or QE2) merely postpones the inevitable collapse.

    Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at

  • As a country, we are quickly slipping into a chasm from which we will not return. A new America awaits us all, one in which everyone’s standard of living will be much. much lower than it is now. We will fall into a depression that will make the 1930’s pale in comparison. There is no longer any solution to the debt now that the numbers are simply unmanagable. Who do we have to thank for this: a corrupt government and people who constantly are asking for something for nothing. It just doesnt work. God help us all.

  • Doc Thomas

    Is there anyway I can get this Excellent sight sent to me?????

  • To hell with my kids, I spent enough of my
    borrowed money on them

  • You have hit the nail on the head I am sad to say. We are in big trouble and most of the people do not even realize it. I just don’t know when the collapse will happen.

  • William

    One good book to read is G. Edward Griffin’s
    The Creature From Jekyll Island, which reviews the history of the secret creation of the Federal Reserve System and the history of central banking in America.

    No wonder Ron Paul wants to audit and then end the Fed!

  • Terri

    please update your site to 2011 stats ,,,good site thanks

  • no1pizzaman

    Absolutely despicable,And yet we still pay people to breed more dependents to vote for these scum bag politicians.And ill bet 60% of the country still has no clue.

  • Killuminati


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