The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins

Recent Posts

The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Enter your email to subscribe to The Economic Collapse Blog:

Delivered by FeedBurner

The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

globe-on-the-brink-of-disaster-public-domainIf anyone ever asks you how much debt there is in the world, now you will know the answer.  According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars.  That is an amount of money that is almost unimaginable, and the IMF says that it is equivalent to 225 percent of global GDP.  It is the biggest debt bubble in the history of the planet, and it is rising at an extremely alarming pace.  Experts all over the world agree that when this debt bubble finally bursts, it is going to create an economic crisis on a scale that humanity has never seen before.

When I first saw this number I was absolutely astounded at how reckless we all have become, and I was also amazed that there was hardly anything about this announcement in the mainstream media in the United States.  The following excerpt comes from a story in a major British news source

The International Monetary Fund has urged governments to take action to tackle a record $152tn debt mountain before it triggers a fresh global financial and economic crisis.

Warning that debt levels were not just high but rising, the IMF said it was vital to intervene early in order to mitigate the risks of a repeat of the damaging events that began with the collapse of the US sub-prime housing bubble almost a decade ago.

It said that new research in its half-yearly fiscal monitor covering 113 countries had shown that debt was currently 225% of global GDP, with the private sector responsible for two-thirds of the total.

Right now the mainstream media in the United States is so obsessed with Trump and Clinton that almost every other important story is pushed to the side, but it boggles my mind how this cannot be major front page news.

When we borrow money, consumption is transferred from the future to the present.  For example, if you put a 70 inch television on your credit card today, the quality of your lifestyle will immediately go up, but you won’t have that money to spend at some point in the future.  In fact, you are ultimately going to pay back significantly more money than you originally spent for the television.

So when we go into debt, we are literally destroying the future one dollar at a time.

On a national scale, what we are doing to our children, our grandchildren and all future generations of Americans is beyond criminal.  Thomas Jefferson and other founding fathers warned that government debt was simply thievery from future generations, and they were exactly right.  If future generations get the chance, they will look back and curse us for what we have done to them.

Earlier today I looked up our national debt, and it is currently sitting at $19,688,773,606,117.54.  That means that Barack Obama has officially become “the 9 trillion dollar man”.

When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt, and now we are 19.6 trillion dollars in debt, and there is a very good chance that we could hit 20 trillion dollars by the time he leaves the White House on January 20th, 2017.

In a just society, the politicians that have done this to future generations of Americans would be going to jail, but instead we put them up on pedestals.

It is truly hard to grasp how much money “a trillion dollars” represents.

For instance, if you were alive when Jesus Christ was born, and you had spent a million dollars every single day since that time, you still would not have spent a trillion dollars by now.

Since Barack Obama entered the White House, we have been stealing more than 100 million dollars from future generations of Americans every single hour of every single day, and as Obama’s second term draws to a close the pace of that theft is accelerating according to Simon Black

In fact, for the 2016 fiscal year that ends in just ten more days, the US government’s debt growth of $1.36 trillion is on track to be the third biggest annual increase ever.

The only two years in all of US history that posted higher US debt growth were 2010 and 2011– the peak of the financial crisis.

Even more acutely, last month the US federal debt grew by $151.5 billion.

Not counting the financial crisis, and a few anomalous months following a debt ceiling reset, August 2016 was the single biggest expansion of US debt EVER.

How could we do this?

And I know that I have pointed the finger at Barack Obama a lot in this article, but the truth is that Republicans are highly to blame as well.

The Tea Party revolution of 2010 gave the Republicans control of the House of Representatives, and since that time they have also gained control of the Senate.  Without Republican approval, Barack Obama would not be able to spend a single penny.  The American people were counting on the Republicans to put a lid on the wild spending of Barack Obama and the Democrats, and the Republicans in Congress have completely failed.

Nobody wants to end the party.  Because without a doubt, cutting back on our wild borrowing and spending would seriously damage the economy in the present, and nobody wants to be responsible for that.

So now the only thing to do is to keep the party going for as long as possible until it ends in a horrible, fiery crash.

Overall, the total amount of debt in the United States is now roughly equivalent to 350 percent of U.S. GDP, and a day of reckoning is rapidly approaching.  Just consider what Charles Schwab’s chief investment strategist, Liz Ann Sonders, recently told Business Insider

Sonders noted that total debt — public, private, nonfinancial, and financial — had become 350% of gross domestic product, and that is already causing problems for the economy.

The question I get all the time is: When are we going to hit the wall? When are we going to hit the debt wall?” Sonders said. “I think we hit the debt wall in ’08, which unleashed a big round one of what I think will be a rolling set of crises — and not just in the US but globally.

And I very much agree with her.

We definitely “hit a wall” in 2008, but it was just “round one” of our problems.

The coming rounds are going to be even more painful, but most Americans don’t understand this.

Most Americans seem to believe that our debt-fueled standard of living can be sustained indefinitely and that there is nothing to be concerned about.

Unfortunately, the laws of economics cannot be defied forever, and eventually the American people are going to experience economic and financial pain on a scale that we have never seen before in our entire history.

 
  • CASTIEL

    Debt is a away to make us slaves of the system, its the wheel that keeps this corrupted worl going……People dont care if the government steals or if the companies treat them like animals and contributes to destroy the economy or if a war starts….because having a brand new car to show off or their little house and their little toys is enough to close their eyes and abdicate of their rights and fight for justice and equality in our society….in the end the zombies dont fight..its every men for himself and this its not only in USA but all around the world..buts its a question of time when this giant ship will go down with all these sheeps inside while the wolfs will reach the coast……

    • Jerry C

      Correction: they aren’t stupid sheeps, but innocent sheep. I try to have more compassion with all the dumbing down of education, poisoning the food & water, media manipulation 24/7, taxing us into oblivion and countless wars.

      “As it is written, For thy sake we are killed all the day long; we are accounted as sheep for the slaughter.”-Romans 8:36

  • ALWAYSTOMORROW

    COUNTDOWN. Today, October 11, 2016. In 27 days I predict Mrs. Clinton will be our next president.

    • gfmucci

      And if that happens, I predict two things: 1) More than half of all Republicans will tear up their Republican Party affiliation cards and eschew voting; and 2) The demise of the US toward national oblivion and corruption hell will accelerate rapidly.

      The millennials, Gen X’s Gen Y’s, globalist Republicans, welfare recipients, Communists, Muslims, slouchers toward Gommorah, rappers, gang bangers, drug addicts, Hollywood and media elites, and most government employees will have reaped what they have sown. The point of no return and no recovery will have been breached.

      • XSANDIEGOCA

        Correct

      • Jerry C

        You sir, are a realist.

    • Mike Smithy

      COUNTDOWN. Today, October 11, 2016. I predict that tomorrow, the sun will rise in the east.

      • ALWAYSTOMORROW

        Yes. I agree. It has actually become so obvious that Mrs. Clinton will win that it is like predicting the sun to rise in the East.

        I was told before that “Acceptance is one of the most difficult parts of life.”

        Thats true.

      • Jerry C

        Unfortunately, you are wrong. TPTB want Trump in office when they collapse the economy. (i.e fall guy)

  • James Hixson

    The bible offers a solution to this problem, Year of Jubilee where all debts are forgiven and we all start over.

    • Joltin Joe

      Tell that to the Jewish Banking Cartel

    • JC Teecher

      Today is the last day of the Biblical Jubilee. It only works for those living a true Christian Life, and not bogged down with debt for things they don’t absolutely need to survive.
      Thing God is gonna pay off that 200K mortgage for a house that is ten times the size of what that particular person needs.
      Those new shiny cars out in the drive? Didn’t have to have the new car smell or the debt.

      God is laughing at the stupidity of ignorant people that have forgotten Him and erected Idols of material worship in their lives. His warnings have come, and are still coming, but the fools say ……nay.

      So, when the real shtf, and there is no coming back, and rebuilding with the debt of defiance, all the people can do is sit and cry for themselves and their fallen idols of materialism.

      No billery gonna take pity on them and bail them out.
      In fact, they will be lucky to even get food stamps and then, to find any food to use them on.

      The days of reckoning are getting closer, and for some it is rolling like a flood, right in their front door.

      • df NJ

        “God is laughing at the stupidity of ignorant people”

        How do you know what God is thinking? Are you God?

        • hahaha

          The bible say’s that God laughs. Google it

          • df NJ

            The Bible was written by men. It’s not the mind of God.

          • sister soldier

            The Bible was written by men who were moved by the Holy Spirit. Man’s carnal mind cannot receive the pure divine language of God just as we cannot look upon Him directly and live because of our sinful nature(s). Paul even said that when he was caught up to the third heaven he heard things that were unlawful (spiritually) for him to speak.

            His holy word if not filtered through the mind of earthly men with all of our inherent flaws translated with it would destroy us and not save us. Consider it divine mercy that He allowed us the extraordinary glimpse into his kingdom and offered to the world His love letter in a palatable format that is able to deliver your soul from the second death. If you are not for His Christ then you are against Him and to turn people away from the only legacy He left to mankind is erroneous.

            Get wisdom – get understanding.

          • Jerry C

            Mathematically (different forms of Gematria) proves otherwise.

          • JC Teecher

            God has emotions just like His children that He created.
            I can’t see the comments from the ignoramoose, that continue to reply to my biblical statements, because I have them on block, and that is the way it will stay.
            I have no time to suffer the tongues of fools.

          • SnodtBlossom

            god only laughs when man plans.. the rest of the time he scowls

      • sister soldier

        The release of materialism makes room for inner peace.

        • JC Teecher

          Amen, sister!

  • Mike Molyneaux

    Where is all this debt heading? Does anyone really know the future? The
    Holy Scriptures provide an account of the past history of man and his great empires especially of YHWH’s Chosen Nation. These Scriptures claim to provide a definite but cryptic description of the future of mankind and this civilization. Do we really believe all this or are the Holy Scriptures just a set of books containing religious myths and fantasies? Strange that those who believe the Holy Scriptures are indeed the Words of YHWH spend so little time and effort seriously studying them trying to understand them! Is the future not important? Why are we content to live in a fool’s paradise, thinking we know it all when the hard facts show that we don’t? “The wise will understand.” – Daniel 12:10. But people are only wise in their own eyes. “Wisdom and knowledge are more rare than gold and precious jewels.” – Proverbs 8:11 and 16:16 and 20:15. Read more here
    https://mikamolyneaux.wordpress.com/2015/09/08/the-little-book-and-the-key-of-knowledge-revelations-10-and-11/

  • “V”

    Here in Central Florida people went into panic mode for Hurricane Mathew. Gas stations were emptied of gasoline, Supermarkets emptied of bread, water and non-perishable items. Propane tanks and plywood. And this was just a strong rain storm. What will it look like when the real doo-doo hits the fan? That reminds me, time to buy more bullets. Why? Because it will be every man for himself. Be prepared.

    • gfmucci

      Amen to that! We were out of gas for 2 days 70 miles inland from where the eye was ever expected to go.

    • dude

      Maybe it was just a rain storm to you. It was a hell of a hurricane to us and did enormous damage. The freaking bubble burst over here. Consider yourself DAMN lucky !

      • SnodtBlossom

        well.. where are you?

      • JF

        Being on the Gulf coast we know what panic is for a hurricane – at least those of us who have been down here in Florida long enough. After 12 years of nothing we have a lot of newcomers who never experienced storms here. Being on the worst side of any hurricane that enters the Gulf, most of us know what could happen.

        • alan

          I have seen empty shelves in Walmart. Its a very scary sight to see and makes you think.

    • Bob332

      Obamageddon has arrived on track 1.

    • SnodtBlossom

      Gas became unavailable at some stations by me, but my impression is that the stations were making it unavailable so that they could gouge if the SHTF.

  • paul mullin

    I just bought me a sick pair of runners on the ol’ credit card. so, correction; The global debt now stands at $152,000,000,000,098.36… and I might order some ‘za later so I’ll update if need be. later

  • aldownunder

    Check out Anthony Robins’ -how much is a trillion dollars
    Unbelievable what a trillion actually is they just get us so used to hearing it that we don’t really take it in anymore next Quadrillion – won;t be long now

    • LIZ THE SHIZ

      just add in the derivitives which by the way congress voted to pass on to the taxpayers and you have about 4 quadrillion

  • Reader

    Peak confidence = peak debt & peak consumption. But the tide will inevitably turn. Payday!

    • sister soldier

      And a crimson tide it will be.

  • gfmucci

    Jubilee! Debt forgiveness every 50 years. How did that really work? I guess not so well since it occurred for such a brief period in history.

    From Wikipedia: Jubilee deals largely with land, property, and property rights. According to Leviticus, slaves and prisoners would be freed, debts would be forgiven, and the mercies of God would be particularly manifest.

    I wonder if there was a large “debt bubble” before Jubilee was instituted, with a Jubilee-type forgiveness the only remedy?

    • watchmannonthewall

      The Biblical Jubilee was never followed. That is one of the reasons for the Babylonian captivity and also why the nation was judged and scattered, first in 70 AD and completly after the Bar Koba rebellion.
      Leviticus 25-27 teaches about the Yovel and also that failure to keep it as well as the Sabbatical year will result in painful discipline, even down to eating your own children, which actually happened.

    • Jerry C

      The whole reason for Jubilee is to prevent continual servitude and give the common man a fighting chance. It actually works.

  • df NJ

    The Bible is all about slavery being good. Debt makes us slaves. God wants us to be good. Debt makes us Holy and Sacred. God’s glory has no boundaries.

    • Sam

      I have spotted the antichristian troll. No where in the bible does it slavery is a good thing. It says to serve others in the sense of voluntary charity.

      • Mike Smithy

        Interestingly enough, the bible nor does Jesus condemn the notion of slavery.

    • Bill G Wilminton NC

      BS….

    • Orac4Prez

      Wow, with that interpretation, you could get a job as a lead editor at the Murdoch Press!

  • just thinking

    Acceptance is the key to all of my problems. Just accept that we are in a much larger problem than we can handle. Accept it, admit it and then look for the solution. The solution might be living one day at a time enjoying life and being prepared for eternity. That may very well be the solution.

    • df NJ

      Culture is the answer. Buy a deck a cards and play cards with a bunch of friends. It costs practically nothing and it will make you infinitely happier. Culture should be our religion.

      • Sam

        Yeah playing cultural games will save you and make u a better person in a fake Hollywood movie.
        In reality Jesus Christ and Christianity is what made the good morals and rules in our society. It’s what will get us by the hard times. Our Christian faith which teaches us life is more than materialistic possessions or greed. Which teaches us love others.

    • JC Teecher

      The only solution, according to the Word, is the eternity.
      Aka…the Millennial Kingdom.

  • J B

    And every time you use your credit card to buy a Train Ticket, Bus Ticket, McDonalds you are creating more debt

    • df NJ

      The Federal Reserve is our biggest threat to debt insecurity.

      • J B

        Well it is debt based war economy.
        People should have torn up their credit cards after 2008, instead they got more cards

        • Sam

          That’s a small problem the main problem is government spending,bankersand especially fed reserve.

        • Sam

          You sound like the media blaming it on people’s credit cards instead of the criminal bankers and politicians.

          • J B

            Actually, everybody is too blame
            People wanted cheaper goods, so Walmart went to china. Other Manufacturers followed to china in order to compete. Corporations gave people exactly what they wanted, cheaper goods. You can’t have cheaper goods and higher wager, so wages are getting lower while at the same expanding the money supply to devalue it. And Trade agreements ensures the above won’t change.
            On top of this there is Banker Fraud and Criminal Governments doing their worst to ensure the status quo won’t change.

            When people have 10 credit cards to prove how well off they are, they are part of the problem not part of the solution.

  • Gary

    Who is all that money owed to? And where did they get it to loan?

    • SnodtBlossom

      Do your own research

    • Mike Smithy

      Unnamed shadowy characters at the Federal Reserve whom conjured the money out of thin air.

  • Tatiana Covington

    152T at 1M/day? That would need about 410,000 years! The human race as we know it has not existed for that long! Ice Ages have come and gone!

    • John

      $1,000,000 x 365.25 days = $365,250,000 x 2000 years = $730,500,000,000 or $730.5 Billion

      To arrive at an accumulation of $152T you would need to spend $208,076,659.82 or $208 million per day for 2000 years. However, that debt has accumulated much more recently, say the last 50 years give or take. The US Government alone spends approximately $525 billion a year, most of which has just added to our currently $19.6T debt.

  • MEGATRON

    That’s it, I’m gonna kick their arses

    • SnodtBlossom

      whose

  • dlewenz

    If Clinton wins the election, nothing will change, rather an acceleration of spending will take place, which will speed up the global implosion. If Trump wins, he might slow down the time table of the implosion. Last year I felt this date would have taken place in 2020-2022. Now it appears we could see it 2018-2020.

    • SnodtBlossom

      Trump bankrupted his own companies. What makes you think he’d do better as a president?

      • JF

        With an empire the size of Trump’s sometimes you make the wrong deal or you get caught up in bad economic times. Our government has done far far worse.

        • alan

          I hope he goes after the bankers.

      • goldminer

        Well at least he is not responsible for the deaths of hundreds of thousands of innocent people, and the destruction of their homes and lands.
        Trump has not uprooted millions of people and sent them as refugees to foreign lands.
        If death and destruction are what you want. Then Hillary is your president.
        Or
        You could consider peace and prosperity thru trade like Trump advocates.

        • Bill G Wilminton NC

          VOTE TRUMP 2016 !!!

          • TheFunkenstein✓Funkᵛᵉʳᶦᶠᶦᵉᵈ™

            No

          • Bill G Wilminton NC

            Well At Least Change Your Plastic Surgeon…..

          • SnodtBlossom

            How much prior political experience does Trump have?
            NADA!!! ZIP!!!! ZILCH!!! ZERO!!!
            He talks the talk, but never walked the walk.
            But hey.. it’s only THE PRESIDENCY!
            Maybe next we’ll grab people off the street w/no medical training to do surgery!
            Neither did Ulysses Grant or Dwight Eisenhower have a prior politcal position, though both had a strong military background. Dwight being ” The Supreme Commander of Allied Forces in World War II”
            and Grant “Commanding General of the United States Army”
            How much military background does Trump have? NADA!!! ZIP!!!! ZILCH!!! ZERO!!!

            “no major U.S. company has filed for Chapter 11 more than Trump’s casino empire in the last 30 years.”
            He has filed four business bankruptcies. Maybe he thinks it’s just as easy to file bankruptcy w/the entire government and walk away.

        • SnodtBlossom

          You people have NO GRASP of the REAL WORLD. FAR More people are dying of malnutrition and remediable illnesses than any wars. You only enjoy your Soap Opera American WarMongering shows brought to you by our overpaid Military Industry.
          Trump is one of the richest men in the world. His apathy has killed far more people than are in your delusional myth of any wrongdoing Hillary has done.

      • dlewenz

        We only have two options, Clinton or Trump, I know that Clinton will rob the country blind and officially bankrupt the nation. With Trump you are reducing the risk by 50%. He may not be able to save us.

        • aldownunder

          It’s a race to the bottom

          • Orac4Prez

            The US will be DownUnder soon!

        • Bill G Wilminton NC

          VOTE TRUMP !!!

      • billtheguy

        What this government needs is an enema!

      • Orac4Prez

        … If he’ll make money out of it, he might be able to bankrupt the country….
        PS: Loved the Unicorn scripture! I don’t think I have ever seen that in any version of the Bible!

    • alan

      Kind of like giving the sinking Titanic a new captain.

  • MeMadMax

    And they complained about bush and his $5.8 trillion. ^.^

    • XSANDIEGOCA

      Remember Perot?

  • billtheguy

    Michael says “Most Americans seem to believe our debt fueled standard of living can be sustained.” I think most of them have no idea. They earn their money, pay their debt, and what ever is left they go have their fun. I work with a guy that has many credit notes. I asked what would happen if something terrible would happen where he could not pay? He laughed and said “well, I lose my $50K truck and my $25K boat. My wife and I will continue to pay the mortgage till the bitter end though, we need a place to live.” I cannot live like that. Most Americans don’t care or just don’t give a crap.

    • SnodtBlossom

      you think too much

      • billtheguy

        LOL! your right.

  • XSANDIEGOCA

    “If the rain don’t stop, the Levee is going to break…” – Led Zeppelin

    • goldminer

      “Bye bye miss American pie. Drove my Chevy to the levy. But the levy was dry”.
      Don Mclean

  • Paul Benson

    If People owe 15.2 T $ they owe it TO someone; and that means there is someone out there with 15.2 T on their accounts receivable ledger! Who is that? Have you ever given that any thought? The elite use economic collapse to come in and buy up everything for pennies on the dollar; and further their grip on humanity.

    It is all a scam; and the collapse of the world economic system (and the solution TO that collapse) are all part of a pre-planned agenda that has been in the works for many, many years. It is a satanic, long term strategy with an end-game in focus. That end-game is world domination.

    Our greatest need is not economic stability but spiritual REVIVAL. When you have that everything else comes into proper perspective; and the righteousness of a people will cause God to favor them and exalt them. It’s how this nation got great in the first place! Need revival? I can GUARANTEE revival to any interested. Here is an article on that topic: Guaranteed Revival!

    https://pbenson.me/2016/05/17/guaranteed-revival/

    May God grant us all revival;
    Paul Benson
    http://www.paulbenson.me

    • SnodtBlossom

      Guess what.. Other nations OWE US too

      • Paul Benson

        I am more concerned about our debt to God.

        The wages of sin is death. Sin is a debt that WILL be accounted for. The only question is will you pay that debt yourself; or accept the free gift of the one who died on that Cross to satisfy your debt.

        He died to save you from your sin and rebellion against God. Why not make the effort to at least get to know him? Anyone else ever expressed that kind of love for you?

        • anon

          Nonsense

    • john doe

      Its not just someone now its also man made construct/monster called corporation.

      Exhibit number 1: Apple

      It didn’t do steve job(fired him once) or us any favour.

      It has what $200 billion? saved for what?
      What’s worst the money is not even on american soil.

      designed in california.
      made in china.
      banked in ireland

  • jakartaman

    The debt is awhole lot bigger than 152 trillion.
    Ever hear of derivitives?????

    • LIZ THE SHIZ

      shhsssh, they’re only measured in the Quadrillions nothing to worry about NOT

    • sister soldier

      They, meaning (the powers that be) placed a digestible ‘value’ or number on the national debt in order for the finite mind to comprehend that we’ve been bad stewards with our wealth. A very convincing attempt to transfer community accountability which is really an evil designation of irresponsibility on the citizen’s part (or as part of a global community) for being a nation of over consumption. Hint; all of the ‘misbehaving advertisements’ replete with subliminal messages.

      All be it that our leaders were the ones handling the money via taxes, tariffs and royalties paid by other nations, etc. And not discounting the resources afforded by God (to all) but confiscated and controlled by a few elite when the nation was founded. Placing the blame squarely on their shoulders for this behemoth financial quagmire.

      They have been desensitizing the shock and awe for quite some time so that the masses will not bat an eye at a trillion here or a trillion there and will lazily accept that a new leader will fix it. I highly doubt that – and I don’t subscribe to any mortal man fixing even a fraction of our problems in 4 years or even a 1,000 years for that matter because of flawed financial principles. The current economy is based on total corruption housed in (indebtedness) with the systemic effects of lying men because partial truth is still a lie.

      Our present day crisis has been centuries in the making. If DC or it’s subsidiaries could fix it then my opinion is we wouldn’t be where we are today which is heading off into the abyss of uncertainty. Yes, the devil is in the derivatives but the real linchpin is the gold and dollar convertibility crisis. So the question is who holds all the gold? The real currency.

      • jakartaman

        Well saId and I totally agree –
        I would be a little careful about Gold
        Rumor has it tent it will tank first then go high?

  • TimeHasCome

    It’s time to transfer into tangibles. The miracle of paper currency is I can give worthless pieces of paper and be given valuable commodities. There is a great scene in the movie “The Road” where the actors step over cash,gold, stocks and diamonds and look for food .
    The smart people in Venezuela got out of paper and into real foods over a year ago. Google the starvation going on in prisons in Venezuela.

  • sister soldier

    All aboard the midnight express to economic Armageddon! If a supposedly “sovereign” nation could allow for it’s national debt to balloon to the size of $152 trillion when it implodes there will be no place to hide. The elite’s nefarious plan to make money worthless is moving full speed ahead.

  • df NJ
  • MrMilanoLau

    Default is the only option left.

    • sister soldier

      That is probably one of the most sound and fundamental components of today’s dire economic argument and that would be to permit for a default or a “reset” to occur. However, I believe the default has already happened and now TPTB are simply waiting for the inevitable “endgame” to manifest for all to see that this Titanic 2.0 is already taking on water.

      • JC Teecher

        Agreed, and the one thing people should always remember, that all that “saved” money in investments held by Corporations as stock certificates/Wall Street brokerage houses, and banksters, will someday be the bail-in dollars, to bail out the greedy elite, to further bankrupt the common people and bring about the Beast System. The deadly wound that is spoken of in the Bible, will most likely be an economic/financial wound that proves deadly to the ignorant sheeple.

        Not as a “deadly gunshot to the head of a flesh man called Antichrist” as John Hagee says.
        Anyone sending tithing $$ to that liar, is wasting their hard earned money by sowing it into “un-fertile” ground, that is based on a lot of lies.

        • sister soldier

          One thing for sure the Beast System can be fully realized with the advent of all the new technology that is in place.

          There is so much that ‘we the people’ don’t know about their under handed dealings and plans that if known, “hearts would fail for fear”, indeed looking upon those disastrous things to come.

          Without the Lord’s mercy, grace and truth as a compass and by placing faith in Him alone then its all a very expensive circus. And the star attraction is financial debauchery.

          • JC Teecher

            Well said. The course has been laid out via the prophets, and the path is up to each individual. We all have to sail our own ship from now on. Be it together with like minds and hearts, or be it alone, it is up to each individual, as to whom each aligns with going forward.

            Personally, my ship has it’s own guidance and wheel Master, so I roll with with the flow.

          • sister soldier

            Sail on brother! God speed.

      • MrMilanoLau

        But think of what would happen to those who bought US treasury. Ten of millions of people invest their pension on US treasury. Those people would be left with nothing when they retire. When I said “default is the only option left”, I just meant it would be an inevitable outcome, and it would be a horrible one.

        • sister soldier

          I completely understand your position. What I was inferring is that the money, treasuries, stocks, bonds and fiat currency is already worthless. If the national debt is greater than the gross domestic product then currency in effect becomes worthless (any currency).

          For a more digestible dialogue if one were to measure debt by household standards and the family income is $3,000 per month but that family’s liabilities are $90,000 per month or greater then they have no net assets only indebtedness – the new slavery.

          According to Forbes magazine our nations debt was close to 690% this year and if you compound that with interest that accrues by the second!; then the debt goes off the known measurable scale of calculation and beyond redemption, “This does not factor the several trillion dollars owed to Social Security, yet it includes the Social Security taxes collected. If Social Security taxes are not counted, the U.S.’s debt to income ratio rises to 688 percent (still in third place).”

          A strategic default would have been a wise and a merciful alternative as opposed to a secret default and then subsequent implosion to the detriment of a nation’s citizens whose government was the agent and bad steward of our combined wealth.

  • johnny

    Debt to whom??? The planet ows printed paper to it’s self??!!??!! How stupid this is. Can’t wait untill the planet won’t be able to pay itself his own debt :)))) Then what? Nothing !!! The human race will understand that it can live the same life without paper, money, it can produce the same food, the same electronics, cars, clotes for free, the manufacturing of every product would be the same. Incrediblly stupid. Instead of evolving, changing the planey to a free clean environment we ow paper to ourselves and of course we ( only US) go to war for paper and damn oil.

    • df NJ

      The creation of fiat money with interest has enslaved us.

      “Give me control of a nations money supply, and I care not who makes its laws”. Mater Amschel Rothschild

      The Rothschild monarchy rules the world. We are all subjects. They believe they are privileged by divine rights given to them by God.

      • PutGodFirst

        Usury

        • df NJ

          Priests have way less power than the military. The Bible thumpers are not going to win.

  • DJohn1

    I think the banks should collect on the loans the government has made. But do it in all nations at once. All of them are guilty of this crime.
    What exactly do you spend that kind of money on?
    I suggest it is spent on “necessary” improvements in your military equipment for the day of no return.
    When we spend a billion or two on an aircraft carrier that was obsolete a year after world war two then there is a problem.
    When we spend it on destroyers that can be sunk with a diesel sub running on stealth mode, then there is a problem. Expecially if the sub is really a hybrid engine running quiet on electricity when it reaches our shores.

    The Air Force has to have nuclear bombs on huge stealth aircraft because it is the only way that anyone can keep a nuclear reply as a valid option if any of our enemies decide to bomb us.
    Russia has a similar problem. One small aircraft pilot walked into Moscow recently going through all their radar and not being stopped or caught. They jailed the pilot. But the point is that with all of their sophisticated equipment this guy pointed out to them just how vulnerable they are.
    Yes a stripped down small aircraft can go through all the radar with a nuclear bomb on board.
    Money thrown at defence does not guarantee anything.
    Well it does employ loads of people.
    What I describe is only a small amount of this debt load.
    Someone either has to loan them the money or the money is simply counterfeited by the government by printing it.
    When you buy on credit you subtract the amount of interest from a dollar. In effect you are buying with anywhere from 80 cents to 70 cents of actual cash when you buy on credit. Meaning on 1,000 dollars you actually are paying back anywhere from 1,200 to 1,300 dollars.
    That adds up real quick and the only real solution is sometimes bankruptcy.
    So then the banks are stuck. The too big to fail means they are broken.
    They too go bankrupt.
    Where they have messed up is that the discretionary income of the average person has gone down. Meaning they have no way to repay the loans they have made. Meaning that there are no raises any more every year. Health insurance has gone up at a fantastic rate and discretionary income has disappeared.
    You can keep a lifestyle by going further and further in debt each year.
    Somewhere down the road you meet the limit on your credit and then there is no more to be had.
    Somewhere down the road, every bank in every country is literally going to be bankrupted by the compound of all the people living beyond their means.
    When that day comes, then they will all be living out of their cars or living in slum housing and using 20 year old cars to get around in.
    Reducing the jobs in this country only makes it more of a problem as people move to government welfare to live.
    Donald may have been able to reverse it. I don’t really know. But Hillary? This is going to be the greatest welfare President in history.

    • df NJ

      Never happen. The banks want us to have debt.

  • df NJ

    Why do we need a government?

    “As the Preamble to the United States Constitution states, a government is needed to “form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.” Simply stated, the purpose is to protect citizens on multiple levels. It is also to ensure a higher level of living.”

    Is our government working? Is the government promoting the general welfare?

    • billtheguy

      It also states “that if the government isn’t working then those who have the power to stop it must do so.” Or something like that.

      • df NJ

        If we had a Constitutional convention today North and South would never agree on anything. Maybe we need to divide the country into blue and red states. That way, the rich socialist blue states can stop donating tax revenue to red states. And red states can stop moaning about the problems of socialism.

        • Jerry C

          Hahahahahaha…ha! You’re hilarious.

  • James Godson

    The $152tn is both the principle & the interest on every ‘loan’ on record, but the central banks have only ever created the principle out of thin air but never the amount to pay the interest. And now the IMF will be creating ‘world money’ or SDR’s out of thin air . There were only 3 countries in the world that did not have central banks – North Korea, Venezuela, & Cuba. Now Cuba finally capitulated and Venezuela is being starved into submission by low oil prices, and if N. Korea keeps launching nuclear missiles they just might get nuked into oblivion! The only way out is a return to the gold standard. Countries like China Russia & the Netherlands and states like Texas are preparing for that eventuality. Many states have already passed resolutions that ‘community currency’ can be used as legal tender, so what is to stop communities, counties, states from issuing their own gold-backed currency? Read more at jcbooks . org

    • sister soldier

      SDR’s = Special Drawing Rights and yes it has been in the making a very long time.

    • alan

      Everybody better have their community currency stashed away.

  • HeyAHuman

    Money is debt, period. Watch Zeitgeist: Addendum. We have been slaves to debt since the creation of money, and the creation of the Federal Reserve turbocharged it. Through a system of war and crushing debt, they plan to usurp as many values from us as possible until we’ve built their infrastructure for an automated robotic utopia, then kill most of us off, as they won’t need us anymore.

    • df NJ

      Once they complete robots capable of making better robots we are finished. The masses will be mowed down by killer spider bots. Does it really matter what guns you have when the government comes at you with far superior weapons. Good luck for that. Are only defense is to convince the powers that be that the culture created on mass population is worth preserving.

      • Jerry C

        Ephesians 6:12

        • alan

          Cylons!

  • Tatiana Covington

    Common sense tells us that this debt will never be repaid. It looks like mileages run up by the starship Enterprise.

    • SnodtBlossom

      Do you have ANY comprehension of other countries debt to us?
      Honestly,.. what economic knowledge do you have other than the DRIVEL you get here that you PARROT back?

      • Tatiana Covington

        Again, it’s finally all just book-keeping entries gone cancerous. Dump it!

    • alan

      Sulu prepare to leave the universe!

    • Horiboyable .

      That nugget of information needs to drop on the bond holders and then you will see panic.

  • Esmae

    Try this: I don’t owe anyone anything.

    • jox

      You are wrong. The government has borrowed all the money in YOUR name. Thus, every citizen owes thousands of dollars from the moment of birth.

  • Well, this dovetails nicely. Oct 11, 2016 One World Currency, The Rise Of The SDR: Jeff Berwick on A Minute To Midnight

    Jeff is interviewed by Tony Koretz for A Minute To Midnight, topics include: the evils of central banking, the US petrodollar, US wars of imperial aggression, possible war with Russia, the destruction of the global economy, one world government, the SDR currency, China and the shift to the east, the collapse of the western standard of living, Adam Weishaupt and the destruction of the family, propaganda and indoctrination in the US, politics and gold, collapse is a mathematical certainty, hyperinflation, massive government debt, Deutsche Bank the first domino?

    https://youtu.be/yhTufCBJPn0

    • sister soldier

      I can’t see the silver lining in that cloud!

      • No silver lining but a wake up call for preparedness as we all should be for any and all major storms or hurricanes. Never count on government agents!

  • hahahaha laugh clown laugh!!

    flies, flies everywhere are flies, they come out and land on the ones that are telling the lies…. oh bammy and Cl*TerLy

  • kfilly

    Best question of the day is who all of this money owed to? Every country witb a central bank has debt. Why? Hmmm.

    • df NJ

      The creation of fiat money with interest has enslaved us.

      “Give me control of a nations money supply, and I care not who makes its laws”. Mater Amschel Rothschild

      The Rothschild monarchy rules the world. We are all subjects. They believe they are privileged by divine rights given to them by God.

      • kfilly

        I already knew that. It is a question for people like Snotblossom.

        • df NJ

          Well, you asked. But I agree with you about Snotblossom.

          And the Jesus fanatics are more interested in the rapture than making the world a better place for their grandchildren.

          My faith is in young people continuing to copulate and 8 million babies being born every year in this country. Nothing can stop the FORCE of procreation! Women are just way too beautiful not to make babies.

          • Bill G Wilminton NC

            The Birthrate In The USA Has Dropped And Is Barely At Status Quo I Think It Is 1.7, Without Immigration We Would Be In Negative Population…

      • Bill G Wilminton NC

        Almost But Not Quite Right….

  • Experts all over the world agree that when this debt bubble finally bursts, it is going to create an economic crisis on a scale that humanity has never seen before.

    One way they can usher in their NWO. The other is by WAR hence the constant provocation of the Russian Bear.

    • Bill G Wilminton NC

      YUP !!!

  • Richard O. Mann

    Don’t know if anyone has been keeping up with the comments and threats coming from Russia as of late, but they are of a mind over there these days that the US is the bad guy of the world, and they are the good guys. They also now believe they can win and survive a nuclear confrontation with the US. There are all sorts of fun and games going on around the world right now, any of which could launch WW3, or something very close to it. The current economic situation is just one of those triggers. I’m guessing that once one goes off, all the rest will follow. The election here in the US is going to have little to no effect on the world as it is right now. It has gotten way too big for any one person to fix.

    • df NJ

      The US dropped 23,000 bombs on 5 predominately Muslim countries in 2015. Essentially we’ve dropped every single bomb in our arsenal. Syria is in ruins. Innocent woman and children have been murdered. People have been radicalized by poverty. I don’t think they hate us because of our freedoms or scantily clad women on television. I think they hate us because we bombed the Shiite out of them!

      • Bill G Wilminton NC

        The Muslims Hated Us ( the infidels ) Long Long Before We Ever Dropped A Bomb On Their Country…….

        • alan

          We didn’t have these problems 40 years ago.

          • Richard T.

            Are you saying that Islam didn’t invade, conquer and enslave everyone they can for the past 1400 years?

      • SnodtBlossom

        You had me til the last line

    • mtntrek3

      Putin a despicable one. One of the worst. Lies and propaganda becoming more rampant around the globe in leadership positions. Some places more than others of course. If only we as citizens of our own nations could talk to others w/o the interference/influence of governmental figures……… maybe there would be a chance for all of us. Maybe.

      • Bill G Wilminton NC

        The ProblemI Is The NWO Globalist Controlled USA Government…..

        Vote Trump He Is America FIRST !!!
        Vote Trump He Is NWO Globalism LAST !!!

        • mtntrek3

          Hi Bill. Well….. I don’t see any political hope out here. Maybe little if any I should say. No political “saviors” in other words. The Donald…… he said he used to be part of the problem. Now he says he’s not . I have to call bs. If the guy wasn’t such a (an)….. fill in the blank. I call bs on several out here in the upper echelons of government. I’ve already voted Bill. I wrote in a vote for the first time in my life. That’s how fed up I am with the choices we have. Tired of voting the lesser of the two evils so to speak. I’ll have to say……. I’m going to be contacting the ones I did vote for and others on issues that affect our country more often. We all need (starting with me) to voice our concerns more with our elected officials. We need to speak up more(starting with me) and let our concerns be heard. It’s all a mess no doubt. Sorry I hadn’t contacted you since Matthew went through your area. Hope you and yours are o.k. . Hey, take care Bill. God Bless. Chris.

        • mtntrek3

          Bill, I have to add…… I love you as a brother in Christ. I love all my brothers and sisters in Christ, our differences in politics and elsewhere aside. Many things coming against us in these the last days. The enemy is not you or me, but the deceiver. I know I don’t have to tell you, but our faith in Christ first. Take care. 🙂 . Chris.

        • SnodtBlossom

          How much prior political experience does Trump have?
          NADA!!! ZIP!!!! ZILCH!!! ZERO!!!
          He talks the talk, but never walked the walk.
          But hey.. it’s only THE PRESIDENCY!
          Maybe next we’ll grab people off the street w/no medical training to do surgery!
          Neither did Ulysses Grant or Dwight Eisenhower have a prior politcal position, though both had a strong military background. Dwight being ” The Supreme Commander of Allied Forces in World War II”
          and Grant “Commanding General of the United States Army”
          How much military background does Trump have? NADA!!! ZIP!!!! ZILCH!!! ZERO!!!

          “no major U.S. company has filed for Chapter 11 more than Trump’s casino empire in the last 30 years.”
          He has filed four business bankruptcies. Maybe he thinks it’s just as easy to file bankruptcy w/the entire government and walk away.

          • TheLulzWarrior

            Yet Trump managed to beat all these “professional politicians” that are obviously only professional @ being crooked, dishonest sell-outs.

            You upvoted your own comment, lol! -)

          • mtntrek3

            Sunny, I voted for your candidate in the primaries. Can’t do it again. I penned in my vote. Webb/O Malley. My alternate, Kasich/Rubio. My family among others are divided politically as usual. Guess what……. I voted mostly democrat otherwise. My political heart is with the dem’s, but I have severe heartburn with them on some issues. I will be addressing them in the near future on my concerns as I should’ve been doing some time ago. ……….. Christ is the Way of course. Take care. Chris.

      • TheLulzWarrior

        Oups, another Correct The Record shill.

        • mtntrek3

          ??

    • Orac4Prez

      At least half of the comments reported to Putin are fabrications. Starting with his “endorsement of Trump”. He said Trump was flamboyant and colorful and he would be willing to talk with him. Secondly, the recent civil drill with 40 million participants was a natural disaster response drill. There was no aspect of nuclear or biological assessment, except in the minds of the phoney press . The have held others. Thirdly, Putin has had arguments with the US and its allies for flying planes with no transponders on (in commercial flight lanes over the Black sea and for repainting warplanes (eg F16’s with Russian colours. And Senstr Kerry has complained about the non adherence to the Minsk agreement. Well I guess you better blame Norway for the failure of the Oslo agreement, or the US for the failure of the Camp David accords if you use this logic. I could go on. There are hundreds of misrepresentations – some possibly inadvertent but others are certainly not. Recenlty there was a video from a British reporter about Putin where he asked people in Rede Square about their thoughts. Because the reporter asked for “the name” instead of “their name” people gave him strange looks. People suggested that was because they were afraid to speak openly. The reality is people were puzzled by his poor translation – a misunderstanding leading to questionable interpretations.

    • alan

      Be careful what you believe. There is always two sides to a story and some times the other side is hard listen too.

  • df NJ

    The Roman army was eventually pulled out of Britannia and return home to defend Rome. WWII is over. Maybe its time to close our military bases in Germany. Maybe it’s time to close our 700+ foreign military bases. We are losing the banking battle. Returning the troops home will restore the American economy to greatness. Let the Europeans defend Europe. The Chinese need the oil flowing more than we do. What the Chinese really need is for the US to keep buying their products!

  • df NJ

    The bankers love war. War makes countries on both side borrow more money from the same bank!!! The Rothschild’s are worth over $500 trillion dollars. How much wealth is enough???????

    “The Rothschilds, world kingpins, worth $500 trillion! They own Reuters, AP, and fix the price of gold… At ToBeFree, I’ve focused mainly on the Rockefellers, key kingpins in the US, which apparently are secretly worth more than $10 trillion.May 10, 2010”

  • df NJ

    There is hope:

    “The average American has how much credit card debt?

    I already mentioned that the average American’s credit card debt is $3,600, but that figure is deceptively low. More than 60% of households carry no credit card debt whatsoever, and of those that do, many pay it in full every month.”

    http://www.usatoday.com/story/money/personalfinance/2016/10/12/average-credit-card-debt/91431058/

    • goldminer

      What dream land do you live in? According to data I have seen on Nerdwallet and Motely Fool. Which are 2 investment sites I use as tools.
      The average household that carries debit. Is over $15,000
      in credit card debit. and over $130,000 in total debit.
      The 130 figure includes mortgage, auto, CCs, and student loans.
      Total debit owed by the average American citizens with a house, car, credit cards ect is over 12 trillion$. With the economy in shambles. There is little hope.
      Please get your facts straight.

      • df NJ

        I did not write the USA Today article. What are you thinking? The facts are in the article. Why are you attacking me??? A hole.

  • ali

    “There are 2 ways to conquer and enslave a nation. One is by the sword. The other is by Debt.” John Adams

    • Orac4Prez

      Starting with student loans.

      • Anonymous

        Mortgages, Credit Cards, Car Loans, etc.

  • Orac4Prez

    Bankers always claim they built the world and debt wasn’t a problem. Donate all the debt to them and let them deal with it. Let them use their mansions as collateral.
    They can do it all by themselves and just let the average Joe sit back for once. After all if this is so simple, I’m prepared to sit back and watch how they pay it back by themselves.

    • RedPillPlease

      Though you should know that these few bankers (Rothchild agents), through their creation of monopoly “money,” have managed to purchase over 80% of the entire world’s assets. They own virtually everything and control governments and their leaders. They don’t have anything to pay back, as all this debt was initially loaned out … with interest. Consider a smaller scenario in our case with $20 trillion in debt to the Fed. The Fed is not under the authority of the US government, in fact most of the chairmen live in europe with no loyalties to America at all and we are currently paying them more than $40 billion each and every month just on the interest of our debt while we continue to borrow a trillion or more every year just to satisfy our own budget shortfall that the Fed merely creates out of thin air … then we pay more interest that Congress calls “monetizing our debt.”

      It’s not the bankers problem! It’s the problem of every nation in the world that became slaves to the original “Money Masters!”

      • Jerry C

        Unwittingly on pretense of fraud does not make it anyone’s debt except the bankers.

      • Orac4Prez

        Problem solved: Eliminate the Bankers… like the entire Rothchild clan and all the bankers and futures traders, in the traditional American way. Shoot the lot!

        • RedPillPlease

          Follow the Constitution and we have a gold backed monetary system. The 16th & 17th Amendments are probably the most damaging and destructive instruments ever introduced as “law,” as it restructured the wisdom of our founders and in turn, gutted the protections of liberty engineered in our republican system of government.

  • ILIA TOLI

    To whom do we owe this much? To Mars? Give them a paper that writes 152 trillion dollars, and be done with it.

  • aldownunder

    It has just been reported here that “Russia orders government officials, families living abroad to return to home amid fears of new world war” in the MSM the fact it is being reported on must mean its getting serious.

    Old Vlad must be getting ready for Hillary

    • mtntrek3

      Vlad’s a despot, a tyrant. One that’s on the prowl for more control. He can’t get enough of anything in this world. All of this, as the people of Russia suffer.

    • alan

      Or its a plant story to get people scared. Remember all the adds on the radio lately about how ex-officals come out and say trump is dangerous. He will blow up the world and hillary won’t. Be very very careful of what you think is true or not.

  • mtntrek3

    Another good article Michael. One side of the political aisle more to blame than the other…… a possibility. Overall, it’s a mess regardless. Unsustainable debt indeed.

  • Horiboyable .

    The baby boomer are sick selfish individuals.
    They have mortgaged their own children’s lives and destroyed their futures. They wont get the opportunity to live a nice middle class life with an interesting challenging job.
    Socialist are nothing but immoral cannibals that devour their own.

    • df NJ

      I just wish hypocritical red states would stop taking so much federal money coming from rich socialist blue states.

      • Jerry C

        Hahahahahahaha…ha. Hahahahaha…haha! You. Are. Hilarious.

  • Richard T.

    Do any one of us have any concrete idea of what is a trillion? Every hour we have 60 minutes, each minute we have 60 seconds, so each hour has 3600 seconds, and each day we have 86400 seconds. So 1 trillion seconds would be approximately equal to 31709 years! 31,709 YEARS!
    So if we can pay off each $1 every second, it would take us 4.97 MILLION years to pay it off! And btw, how old is the earth?

    • alan

      So…someone else will be paying the bill is what you’re saying?

      • Richard T.

        Well, just want to get an idea of what exact does a trillion mean. It’s so far out of the tangible reality of normal human experience, that it is beyond our imagination!

        And yes, I guess someone else will have to deal with this debt issue. Most likely though, it will never be paid back!

  • df NJ

    This is positive:

    WASHINGTON (AP) — The number of Americans seeking unemployment benefits stayed at a 43-year low last week in the latest sign that layoffs are scarce.

    THE NUMBERS: Weekly applications for unemployment benefits were unchanged at a seasonally adjusted 246,000, the Labor Department said Thursday. The four-week average, a less volatile measure, fell 3,500 to 249,250.

    Both figures were at their lowest levels since November 1973.

    The number of people receiving aid fell 16,000 to just over 2 million. That is the fewest since June 2000.

    • goldminer

      Well if you believe everything the MSM and government spoon feeds you. I have 10 acres of ocean front property in eastern Nevada you may be interested in. But I doubt your part time job at McDonalds will pay enough to afford it.
      The real unemployment rate AKA The U6 rate is around 10%. Get your facts straight.

  • alan

    Well the number is probably under reported. if thats the case then does it matter what the number is? None of the governments seem to care or take any action to stop it. Its just the new normal.

    • df NJ

      The number is meaningless unless you consider it as a percentage of GDP. I don’t think it really matters until the interest payment on the national debt exceeds GDP. Then at that point the currency becomes completely worthless by definition. As I’ve said many times, it doesn’t matter what you pay in taxes. What does matter is the purchasing power of our take home pay.

      If you really want to make this country great, we must abolish the Federal Reserve. The problem is debt creation is an institutional part of the fiat money system. Debt is created just by printing money. The only way to stop it is for the Treasury to issue debt free money into the economy like what Lincoln did during the civil war:

      “During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

      Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote:

      “(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts…”

      The Treasury notes were printed with green ink on the back, so the people called them “Greenbacks”.

      Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

      Shortly after that happened, The London Times printed the following: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That govern­ment must be destroyed, or it will destroy every monarchy on the globe.

  • Mondobeyondo

    The emperor of Mars has announced that he is offering a $1 quadrillion loan to Earth. We have 100 years to pay it off. If we don’t, the Martians will invade our planet and destroy us all.

    • goldminer

      Mars Attacks Ackack Ack ack.
      I would not worry about mars too much. Hillary will do more damage to humanity than silly little green men with ray guns.

  • Mike Molyneaux

    Hello Liz, Are you travelling on the Highway of Holiness? If so can we talk? If not do you wish to?

  • georgesilver

    Technically there is NO debt. The 152 Trillion was created from NOTHING.
    The bigger fools are the ones who exchanged their valuable goods for worthless bits of printed paper. All any government does is to promise the supplier of goods that the taxpayer will pay the debt. Which then would be paid in worthless printed paper. The crunch now comes when these “fools” stop supplying goods unless REAL money is put on the table like Gold.

  • Tony

    And so the warning continues. I’d be more concerned about Obama, Clinton of God help us, TRUMP starting a war with Russia! Nothing generates cash like a war!

Finca Bayano

Panama Relocation Tours




 

Credible Warning

ProphecyHour

Facebook Twitter More...