$17 Trillion U.S. DEBT - A Visual Perspective

$17 Trillion U.S. DEBT - A Visual Perspective

How did the biggest military force, the biggest economy, the biggest innovative society went about and now got 17 Trillion $ in debt?

Here is a visual perspective:



Who does the US people owe this money ?

www.usdebtclock.org...

This might as well be 59 gazillion dollars.

It honestly doesn't mean anything.

Only dollars can be obtained from the Federal reserve bank.

There is not 1 dollar in circulation that isn't effect by their interest rates. The fed does not give away free money.
They may make free money out of thin air but it is always loaned. So every dollar pumped by the federal reverse bank is only given by a loan.

Since every dollar in circulation has interest on it. For instance. It would be like 1$.30 cents or something. Per dollar they loan.

And they expect that money to be funneled back with the interest.

Basically they expect americans to track down every dollar printed in existance and to give it back to the FED. With the added interest. Every American would have to turn a profit from other nations, And give the federal reserve bank all our money in circulation PLUS the interest which is covered by forign nations.

THEN, Only then would the debt actually be covered.

However its been several years since they started printing, So i think bills have long been destroyed are still being counted in the reserve pool. Even if they don't exist anymore.

They expect all the electronic money back PLUS all the physical paper. PLUS, the interest rates covered by forign currency.

An impossible task as to much time has elapsed.

a reply to: TheArrow

The debt does, but the numbers will be ill-forgotten.
Let's say in a thousand years, they look back at a disaster that cost 10 human life's, and 60 million $.
What is 60 million $ in a thousand years, who knows what a $ is ? A measurement ?

The mere manor of measuring a disaster in money, somehow truly depict our age of time ?
That makes one sad...

a reply to: AnuTyr

The $ within the US is "peanuts", compared to the petrodollars, which is what it is really about

In an effort to prop up the value of the dollar, Richard Nixon negotiated a deal with Saudi Arabia that in exchange for arms and protection they would denominate all future oil sales in U.S. dollars.[2] Subsequently, the other OPEC countries agreed to similar deals thus ensuring a global demand for U.S. dollars and allowing the U.S. to export some of its inflation.[citation needed] Since these dollars did not circulate within the country they were not part of the normal money supply, economists felt another term was necessary to describe the dollars received by petroleum exporting countries (OPEC) in exchange for oil, so the term petrodollar was coined by Georgetown University economics professor, Ibrahim Oweiss.

Because the United States was the largest producer and consumer of oil in the world, the world oil market had been priced in United States dollars since the end of World War II.[3] International oil prices were based on discounts or premiums relative to that for oil in the Gulf of Mexico.[4] But, although oil sales prior to 1973 were denominated in U.S. dollars nothing precluded settlement in local currency.

In October 1973, OPEC declared an oil embargo in response to the United States' and Western Europe's support of Israel in the Yom Kippur War and this tension (and new power of OPEC) led to fear that the dollar would become insignificant in the oil trade.

Petro Dollar

Example.: Saddam wanted to go Euro instead of Petrodollars in 2000..
Saddam going Euro
Guess what happened ?
More war, more debt... to ?

Imagine how big that pile would be if the debt of every nation were included, and its all owed to just a few people.

Ever wonder how the war on our freedoms is financed?

a reply to: VoidHawk

Ha! It sounds like some Ikea fantasy, converting wood to paper, then throw it into a big pile of ... hole

Had to share this video,
he even makes the bill run at the end

yep, we owe a lot of money..

It's beyond recovery now. At this point, the only option might be natural resources, particularly the US recent oil boom.

a reply to: kloejen

Old news here on ATS. But it is a visceral betrayal, lol

Raw Corn ?


No more cooking (the books either) ?

originally posted by: TheArrow
This might as well be 59 gazillion dollars.

It honestly doesn't mean anything.

With most nations in a debt based economy, the central banks will eventually take over.

Actually they have already.

The banks are the central authority for the international corporations, who influence laws in many nations.

Most central banks are controlled by the Basel Committee at the Bank for International Settlements in Switzerland.

The U.S. Federal Reserve follows their guidelines and Congress has passed some bank regulations based on the Basel Committee.

Many recent wars are and have happened in countries that are non-members.

Stunning correlations.

Wow. People!

It doesn't mean anything... It's beyond recovery at this point... It's an impossible task...

That's the wrong attitude!

Appearance! Confidence!

Trust in the US Dollar is the only thing you have left... well, and the huge military apparatus you cannot afford.

Everything can change (including your monetary policy) if you want to!

a reply to: xuenchen
I knew you would be in here have a star.

originally posted by: ColCurious
Wow. People!

It doesn't mean anything... It's beyond recovery at this point... It's an impossible task...

That's the wrong attitude!

Appearance! Confidence!

Trust in the US Dollar is the only thing you have left... well, and the huge military apparatus you cannot afford.

Everything can change (including your monetary policy) if you want to!

a reply to: xuenchen
I knew you would be in here

have a star.

THIS. Who says we have to pay it back? Deny Shylock his pound of flesh. (Shakespeare reference, although Shylock was jewish, I am referring to one character not a group of people. )

It's quite spectacularly awesome to be honest.
It's a clear example of something the Government has instituted (by way of allowing banks to operate as they do) that is so corrupt and a clear fail business model.
Everyone knows that this sum can't be paid off.

Therefor you have this object that is money with the perception of power and wealth and everything else it represents for modern day living and luxury.

Coupling this with knowing of the inability of repayment, there is only 3 things you can do;
1.) Let it get bigger and just ignore it (reducing the value of money in its entirety)
2.) Clear the debt like a bankrupt and operate as normal (eliminating the value of money entirely and the perception of it)
3.) Wipe the currency and start again (destroying the very basic idea that is money and commerce)

Unless of course there is a double standard that gets applied (which there most certainly will be) and the citizenry forced to abide.

YAY democracy!

originally posted by: xuenchen
With most nations in a debt based economy, the central banks will eventually take over.

Could you give me a list of maybe... one nation that the central banks have taken over?

originally posted by: TheArrow

originally posted by: xuenchen
With most nations in a debt based economy, the central banks will eventually take over.

Could you give me a list of maybe... one nation that the central banks have taken over?

www.abovetopsecret.com...

originally posted by: xuenchen

originally posted by: TheArrow

originally posted by: xuenchen
With most nations in a debt based economy, the central banks will eventually take over.

Could you give me a list of maybe... one nation that the central banks have taken over?

www.abovetopsecret.com...

In other words, you've got nothing.

originally posted by: TheArrow
Could you give me a list of maybe... one nation that the central banks have taken over?

Greece Hires Goldman Sachs, Rothschild to Help Economy

There's one

It Belongs to TPTB (our owners) It saves them having to use Field Bosses with Chains and Shotguns and Whips to make sure we work hard enough for them LOL shavedfish a reply to: kloejen