I think its kinda crazy that we pass the 16 Trillion dollars mark without much of a fuss in our insane world of money created out of thin air
Congrats to all of you in the USA!!
We've hit the $16,000,000,000,000.00 in debt mark.
Condolences to our friends in China who have loaned us a lot of this money. We're going to pay it back by printing it in bulk, and it won't be worth very much. Suckers. 1 trillion is more than the combined gross revenues of Wal Mart, Exxon, General Motors and Ford Motors. The Occupy Wall Street gang can tax the rich until every business in America closes, and it won't matter. Tyler Durden of ZeroHedge has extrapolated the trends, and estimates we'll be at 20 trillion in no time at all. •$17 trillion on June 10, 2013;
•$18 trillion on March 23, 2014;
•$19 trillion on January 3, 2015; and
•$20 trillion on October 16, 2015All we need is another bogus "crisis" or "War On..." of some sort, and we'll get there. You've gotta believe, you've just gotta believe. Have faith in the fascists at the top, and their ability to spread it around to get elected, and we can do it. 20 trillion by 2015. In the meantime, though, people who invest (their own) money are
avoiding the U.S. money pit like it was on track to be the next Greece. Which it is. Here's an old pic of the team of economists that Obama assembled 3.5 years ago. Four of the five have already resigned in disgrace:
Geithner is still hanging in there because there's no way Congress would allow Obama to make the decision to replace him. Not after the crap we've been through for the last three years. They wouldn't let Obama appoint the next Assistant Ambassador to Lichtenstein.
Here's what they've done for us with a quarter of a trillion dollars in stimulus. Their results are worse than the numbers they were trying to scare us with !!
Can Gary Johnson fix it?
Your guess is as good as mine ~
"You wouldn't get mad at a bank that gave you a low-interest loan to buy a home," added Abrams, author of "Wreckonomics: America's 10 Worst Economic Policies of the Last 100 Years." "But politicians like to find an external enemy to rally the troops against, and China's an easy target."