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US to End 2010 with $13,879,785,000,000 in Debt

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posted on Dec, 19 2010 @ 05:00 AM
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US to End 2010 with $13,879,785,000,000 in Debt


macedoniaonline.eu...
www.zerohedge.com...


Now that all recent US bond auctions have settled, and with no further bond auctions scheduled until the rest of the year, we can look at the final tally of US total debt: the number - $13,879,785,000,000.

This represents a $1.568 trillion increase in total US debt held by the public for 2010, and $4.388 trillion since the collapse of Lehman.

This is in essence the cost to US taxpayers to keep the financial system solvent, as the US has become the biggest marginal leveraging actor in the world, with everyone else, notably US consumers, and Europe, doing all they can to strip as much debt as they possible can.

Of course, since this money does not have to be repaid any time soon, or ever, nobody seems to mind, especially not the politicians in Washington.

As we have said before, and pro forma for the Obama tax deal, we expect total debt issuance in 2011 to accelerate once again, and to hit just under $2 trillion, putting total US debt at the end of next year at around $16 trillion.

We also fully expect the US Fed Reserve to monetize the bulk of that issuance.



Congratulation United States on another humongous debt increase.


edit on 12/19/2010 by wisdomnotemotion because: better links




posted on Dec, 19 2010 @ 05:16 AM
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Only way out of this is NESARA...



posted on Dec, 19 2010 @ 05:16 AM
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Well...

..."In God We Trust"...

... Hmmm ....

United States: Now accepting donations!



posted on Dec, 19 2010 @ 10:06 PM
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this figures is a little alarming
maybe China is the most of the state treasury bonds of US



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