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$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?

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posted on Feb, 18 2009 @ 06:31 PM
Here is the information i told you I heard in the another thread about our debt:

I'm guessing this is updated from the 2008 numbers I had posted.


posted on Feb, 18 2009 @ 06:39 PM
Scary stuff! One question: Are guarantees and future obligations considered debt?

posted on Feb, 18 2009 @ 06:55 PM
reply to post by TruthWithin

They're money that "the public will owe itself."


They tax us then loan us our own money at interest. Since the loan + interest is more money than existed in the first place, it's mathematically certain we will default.

Welcome to the land of the free!

posted on Feb, 18 2009 @ 06:59 PM
If you were being fair, wouldn't you have to count the GDP over the number of years of the expected Social Security future payouts? the future payouts aren't for just one year but the GDP is.

posted on Feb, 18 2009 @ 07:10 PM
It is just a matter of time.

The whole world is teetering on the edge of collapse and it will only take an unforeseen event for it to all come crashing down.

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