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U.S Borrowing One Trillion Every 15 Months

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posted on Nov, 1 2006 @ 10:38 AM

``The U.S., once the largest creditor nation, is now the largest debtor nation,'' Rogers said in a speech at the Next Generation of Commodity Investment conference in London yesterday. ``The country is increasing its foreign debts by $1 trillion every 15 months.''

Wow is this true?
Where is this money going?
Can it continue much longer?
What do you economic experts reckon on the chances of a recession?
Does anyone have any idea how much does one $trillion scale up against the value of the world economy?

Well thought it was something worth knowing, especially if anyone can answer any of those questions.

posted on Nov, 1 2006 @ 06:05 PM
About 55% of that debt is in the form of our national debt from our Republican controlled government spending so much more than they bring in.

The other 45% is personal and corporate debt. Some of it is borrowed against homes and businesses, but much of it is unsecured credit card debt.

The end result of all that debt is that eventually someone owns us all and we become slaves. Ever feel like a slave to your debt?

Those that find a way to debt free life will end up being the free people of the world.

posted on Nov, 1 2006 @ 07:37 PM
Our entire economy is equated to a GDP of about $8 trillion annualy.

There are about $80 trillion US notes in circulation (hmmmm... inflation????)

Not to mention all the dollar derivatives....

The entire world economy is probably somewhere between $30-50 Trillion annually if you include black market activities.

posted on Nov, 1 2006 @ 11:47 PM

Our GDP for this year is estimated somewhere around $12.3 Trillion. There are about $4 Trillion in T-bills and US Bonds. There are probably another $4 Trillion in municipal bonds in the markets. There is another $5 Trillion in IOUs in the Social Security Accounts.

These are the numbers I'm aware of. I'm just curious if you have a source for the numbers you presented. The $30-50 Trillion for the circulation of all money in the world annually is probably about right.

posted on Nov, 3 2006 @ 12:57 PM
my $8 trillion US economy number is perhaps a year or two old... so it is a little outdated...

The other numbers are floating around out there, somewhat public knowledge. The world economy is an estimate, may not be entirely accurate but it is about as good an estimate as you could hope for

The Fed stopped publishing the M3 (which was best estimate of US notes) number so there is no way to really know how many USD's are in circulation, but at last count it was at least $70 trillion in US notes...

Apparently they wanted to keep prining them out like toilet paper without anybody noticing how badly they are increasing the national debt and debasing the value of the currency.....

posted on Nov, 4 2006 @ 03:31 PM
"Tax And Spend Liberals" Versus "Talk And Spend Conservatives"

Nothing points out the hypocrisy of the Republicans like their love affair with the national debt.

They talk a mean game about reducing the size of government, and make a big deal about how lowering taxes stimulates the economy.

But can they exercise even a modest level of fiscal restraint?

Obviously not. :shk:

Nothing excuses the dishonesty of calling for a reduction in the size of government while simultaneously spending tax dollars like a drunken sailor, so the Republicans deserve to be called out for their duplicity.

In terms of motives, however, their desire seems to be delivering to their constituents who hold that debt -- both foreign and domestic. This would include institutional investors who hold and trade in U.S. debt instruments on a massive scale, and to do so, they need the U.S. government to be in debt on a massive scale.

If the Democrats didn't have their own faces perennially buried in the pork barrel, handing out money to their own greedy constituents and cheerfully helping the Republicans with their spending spree, they would be more credible in criticizing these Republican policies, but they basically do the same thing in different ways when they have the reigns, so the federal bloat continues.

In other words, it all boils down to a choice between Democrat hypocrisy or Republican hypocrisy.

Lucky us.

Regarding the monetary shenanigans currently underway, I suspect that the feds are deliberately tanking the dollar in an attempt to achieve certain strategic goals such as strengthening U.S. export interests and reducing U.S. dependence on imports, but it's a dangerous game, and the U.S. isn't the only one playing it.

At some point the house of cards will collapse, and when it does, the next phase of this long, ongoing world war will proceed.

[edit on 11/4/2006 by Majic]

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