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Debt: Who Is More Screwed Up - Eurozone $3.2 Trillion or United States Of America $13.85 Trillion?

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posted on Dec, 25 2010 @ 12:44 AM
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Debt: Who Is More Screwed Up - Eurozone $3.2 Trillion or United States Of America $13.85 Trillion?



A question even a kindergarten school kid knows who has the bigger rotten pie; in this case who has more debt screwed up.
Straight forward obvious answer - United States of America full of unsustainable debt garbage and piling up.

United States $13.85 Trillion Debt
US National Debt Clock

Eurozone $3.2 (= Euro 2.44) Trillion Debt


Factual statistics do not tally with media. United States is extremely unsustainable but yet mainstream media divert everyone's attention to Europe. The non-stop bashings on Eurozone crisis are all bias and blind propaganda

Petrodollar is faltering due to debt and Iran's oil trading. But United States does not want to go down first. That is why United States uses bankers (financial terrorists), lawmakers and media to rig the financial systems including commodities.

This is an outrage. People and investors need to wake up against media propaganda that cover up government dirty laundries in broad daylight.
Once again please OPEN OUR EYES BIGGER and see the facts: United States $13.85 Trillion Debt


edit on 12/25/2010 by wisdomnotemotion because: missing words




posted on Dec, 25 2010 @ 01:06 AM
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We owe people paper that we can print at any time. The more important thing is that we bought all of the resources we have (like the computer I'm typing on) with paper. We give the world paper, and we get all this cool stuff. Don't tell the world we ripped them off. It's a good thing(for us americans) we don't owe them gold, or rare minerals, or anything of value or practical use.
edit on 25-12-2010 by Ghost374 because: added for americans and or practical use



posted on Dec, 25 2010 @ 01:07 AM
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money isn't real, george.



posted on Dec, 25 2010 @ 02:47 AM
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I can't remember where, but i read somewhere that Europe is very good at analysing the US debt problem and the US is very good at analysing Europe's but neither are very good at looking at their own.

Russell Brand once wrote that it's amazing how much debt and unpaid bills you can run up purely on the assumption that people think you're rich and famous and able to pay it all off. I think that the USA is stuck in the same problem but on a much grander scale. I have no idea what the long term game plan is, but at some point the pain is going to come and they're going to have to get rid of all that debt one way or another.



posted on Dec, 30 2010 @ 03:19 AM
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The super massive debt figure is insane. I guess we're all screwed up big time.



posted on Dec, 30 2010 @ 03:31 AM
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reply to post by wisdomnotemotion
 


There are always more than one set of books and socialism
is by far more expensive to government than capitalism (if capitalism
isn't corrupt and exploited)....you do the math.



posted on Dec, 31 2010 @ 01:22 AM
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I wonder what the relative percentage to GDP would be. That would be more telling than a dollar amount.

Also the euro isn't a global currency. The US prints as much global currency as they want. If the US uses debt to fund projects they will privatize for profit, there will be buyers for debt which is based on something besides bleeding the families of taxpayers.



posted on Jan, 2 2011 @ 08:42 AM
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As of today, the debt clock hits US$13.88 trillion.

Latest news, 100 US cities go dim.
$2tn debt crisis threatens to bring down 100 US cities



posted on Jan, 2 2011 @ 09:39 AM
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reply to post by wisdomnotemotion
 


it's not only the US and the euro zone , have a look here it might cheer you up a little.

and don't even think of asking me who owns the $ 56,900,000,000,000

now where did I put my gun



posted on Jan, 2 2011 @ 09:49 AM
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reply to post by Ghost374
 


I forgot you guys invented money.



posted on Jan, 2 2011 @ 10:13 AM
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reply to post by Dr UAE
 


The $57 trillion dollars of global debt in your Wikipedia reference is gross debt.... not net.

Nations carry both debts and loans. Balancing them out should create a net zero..... except for the fact that these debts are all carried out through each countries CENTRAL BANKS

The central banks are the beneficiaries of all this debt. For every 2% interest they collect from humanity, they make $1.14 trillion EVERY YEAR.

On this earth, there are only 6 central banks that are not owned by Rothschild interests. They create wars and financial crisis so that they can finance both sides of every dilemma.

PRIVATE CENTRAL BANKING MUST END!!!!



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