Oh SH*T, more banks fail as Biden authorizes Fed and FDIC takeover | Redacted with Clayton Morris

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“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.” – George Washington

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” — Thomas Jefferson

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." — Thomas Jefferson

“A wise and frugal government… shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” — Thomas Jefferson, First Inaugural Address, March 4, 1801

“All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, not from a want of honor or virtue so much as from downright ignorance of the nature of coin, credit and circulation.” – John Adams, at the Constitutional Convention (1787)

“If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy.” – Thomas Jefferson to Thomas Cooper, November 29, 1802

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." – Thomas Jefferson

 

 

$30 Trillion - US Debt 2022 @ Demonocracy.info Econ 3D Infographics

US Debt 2022 – $30+ Trillion

If you look carefully you can see the Statue of Liberty. The Statue of Liberty no longer keeps her arm and torch up high and proud. Debt is slavery, and she knows it.
Each floor of each pillar is worth $10 Billion. Each pillar is $1 Trillion. There's an American Football field hiding inside Statue of Liberty's prison cell made of debt.

Funny fact: The first version of the US Debt illustration shown above was for $16 Trillion, back in 2012. Now with $30 Trillion, instead of completely boxing in the Statue of Liberty, where you would not be able to see her, we instead opted to extend out the her prison cell and make it larger, with more pillars of debt, while keeping the view.

China only owes 7% of US debt, while all foreign nations hold together 32.5%. 67.5% of debt is owned by US citizens and American entities, this includes the Federal Reserve, which explained in simple terms buys US debt (government bonds) with newly "printed" Federal Reserve Notes (money). The Fed writes blank checks to itself from an unlimited checking account, then buys the debt through various financial mechanisms. New money is introduced into the financial system through this mechanism- this becomes inflation, the money US citizens & American entities loaned out, the American people's savings, devalued through theft by proxy. The dollar you earn today (work completed) is worth less tomorrow.

The debt will likely never be paid back and here is why: Unless there is a completely new paradigm in thinking, history shows that public (US) debt will very likely never be paid back. The politicians make grand promises during elections, then when they can't find the cash to keep their promises they borrow money. Paying back means making difficult decisions and losing the seat in office. It is always easier to borrow from the nation's children's future. Instead of paying back these piles of money, the piles will be made worth less through inflation-- money will most likely be printed . That means the holders of US debt will get back less than they were promised, arguably defaulting on the debt in terms of real purchasing power. Please share. Everyone needs to see this.

Source: Federal Reserve & www.USdebtclock.org - visit it to see the debt in real time and get a better grasp of this amazing number.

 

 

 

 

More Infographics


“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.” – George Washington

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” — Thomas Jefferson

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." — Thomas Jefferson

“A wise and frugal government… shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” — Thomas Jefferson, First Inaugural Address, March 4, 1801

“All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, not from a want of honor or virtue so much as from downright ignorance of the nature of coin, credit and circulation.” – John Adams, at the Constitutional Convention (1787)

“If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy.” – Thomas Jefferson to Thomas Cooper, November 29, 1802

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." – Thomas Jefferson

$30 Trillion - US Debt 2022 @ Demonocracy.info Econ 3D Infographics

US Debt 2022 – $30+ Trillion
If you look carefully you can see the Statue of Liberty. The Statue of Liberty no longer keeps her arm and torch up high and proud. Debt is slavery, and she knows it.
Each floor of each pillar is worth $10 Billion. Each pillar is $1 Trillion. There's an American Football field hiding inside Statue of Liberty's prison cell made of debt.

Funny fact: The first version of the US Debt illustration shown above was for $16 Trillion, back in 2012. Now with $30 Trillion, instead of completely boxing in the Statue of Liberty, where you would not be able to see her, we instead opted to extend out the her prison cell and make it larger, with more pillars of debt, while keeping the view.

China only owes 7% of US debt, while all foreign nations hold together 32.5%. 67.5% of debt is owned by US citizens and American entities, this includes the Federal Reserve, which explained in simple terms buys US debt (government bonds) with newly "printed" Federal Reserve Notes (money). The Fed writes blank checks to itself from an unlimited checking account, then buys the debt through various financial mechanisms. New money is introduced into the financial system through this mechanism- this becomes inflation, the money US citizens & American entities loaned out, the American people's savings, devalued through theft by proxy. The dollar you earn today (work completed) is worth less tomorrow.

The debt will likely never be paid back and here is why: Unless there is a completely new paradigm in thinking, history shows that public (US) debt will very likely never be paid back. The politicians make grand promises during elections, then when they can't find the cash to keep their promises they borrow money. Paying back means making difficult decisions and losing the seat in office. It is always easier to borrow from the nation's children's future. Instead of paying back these piles of money, the piles will be made worth less through inflation-- money will most likely be printed . That means the holders of US debt will get back less than they were promised, arguably defaulting on the debt in terms of real purchasing power. Please share. Everyone needs to see this.

Source: Federal Reserve & www.USdebtclock.org - visit it to see the debt in real time and get a better grasp of this amazing number.

Bonus Literature:

Cyprus Bank Crisis - Deposit Confiscation
US Unfunded Liablities - Over 100 Trillion USD stacked in $100's

US Unfunded LIablities are the obligations in future that we already know we won't have the money for.
The case of one "buying a Ferrari and knowing one has no way in the future of paying for the car payment or maintaining" fits in this category.

Compare the US Unfunded Liabilities (weighting in at over $100 Trillion) against World Trade Center and Empire State Building.

Extra images from different angles:
$1 Million Dollars (1 Million USD) in physical cash $2 Billion Dollars (2,000,000,000 USD) in physical cash
$1 Trillion Dollars (1,000,000,000,000 USD) in physical cash (partial) $1 Trillion Dollars (1,000,000,000,000 USD) in physical cash
$20 Trillion Dollars (20,000,000,000,000 USD) in physical cash - US National Debt $20 Trillion Dollars (20,000,000,000,000 USD) in physical cash - US National Debt
$20 Trillion Dollars (20,000,000,000,000 USD) in physical cash - US National Debt $20 Trillion Dollars (20,000,000,000,000 USD) in physical cash - US National Debt
Animation of US Debt from $100 to $30 Trillion

More Infographics

Surely folks should have seen all this mayhem coming but No so glued to TV they were keeping up with the kardashians while the rest of us un-glued and were keeping up with The Simpsons - with our tin hats on.

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