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this is a discussion within the Everything Else Community Forum; U.S. National Debt Clock : Real Time Each Tax Payer Owes $128,000 on the National Debt So what happens when China stops lending us money because we are devaluating the dollar so fast? Answer: We print money and have hyperinflation. ...
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04-27-2011, 06:50 PM | #1 |
12,000 BS Posts
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US Debt Clock...
U.S. National Debt Clock : Real Time
Each Tax Payer Owes $128,000 on the National Debt So what happens when China stops lending us money because we are devaluating the dollar so fast? Answer: We print money and have hyperinflation. Invest in hard metals. |
Last edited by foreverfan; 04-27-2011 at 06:58 PM.. |
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04-27-2011, 11:30 PM | #3 |
04-28-2011, 10:49 AM | #4 |
1000 Posts +
Join Date: Dec 2009
Location: Shreveport, LA
Posts: 4,417
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I tell you what guys, I'm really getting scared for the future of our country and the future of our kids.
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04-28-2011, 11:05 AM | #5 |
Count me in too ... the only immediate solution out there I've heard that has a smidgen of a chance to fix of all this is the Fairtax ... I wonder your elected leaders will have the guts to do the right thing.
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06-12-2011, 12:42 PM | #7 |
THE PRESIDENCY
SOME WILL APPRECIATE THIS AND SOME WILL NOT. HOWEVER, ALL OF IT IS TRUE. January 2009 TODAY % chg Source Avg.. Retail price/gallon gas in U.S. $1.83 $3.44 84% 1 Crude oil, European Brent (barrel) $43..48 $99..02 127.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $91..38 135.9% 2 Gold: London (per troy oz.) $853.25 $1,369.50 60.5% 2 Corn, No.2 yellow, Central IL $3.56 $6.33 78.1% 2 Soybeans, No. 1 yellow, IL $9.66 $13..75 42.3% 2 Sugar, cane, raw, world, lb. Fob $13..37 $35..39 164.7% 2 Unemployment rate, non-farm, overall 7.6% 9.4% 23.7% 3 Unemployment rate, blacks 12.6% 15.8% 25.4% 3 Number of unemployed 11,616,000 14,485,000 24.7% 3 Number of fed. Employees 2,779,000 2,840,000 2.2% 3 Real median household income $50,112 $49,777 -0.7% 4 Number of food stamp recipients 31,983,716 43,200,878 35.1% 5 Number of unemployment benefit recipients 7,526,598 9,193,838 22.2% 6 Number of long-term unemployed 2,600,000 6,400,000 146.2% 3 Poverty rate, individuals 13.2% 14.3% 8.3% 4 People in poverty in U.S. 39,800,000 43,600,000 9.5% 4 U.S.. Rank in Economic Freedom World Rankings 5 9 n/a 10 Present Situation Index 29.9 23.5 -21.4% 11 Failed banks 140 164 17.1% 12 U.S.. Dollar versus Japanese yen exchange rate 89.76 82.03 -8.6% 2 U.S.. Money supply, M1, in billions 1,575.1 1,865.7 18.4% 13 U.S.. Money supply, M2, in billions 8,310.9 8,852.3 6.5% 13 National debt, in trillions $10..627 $14..052 32.2% 14 Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history. Over 27 times as fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane. 27 times faster, it would be doing 7,555 MPH! Sources: (1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. Of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury So, tell me again, what is it about Obama that makes him so brilliant and impressive? Can't think of anything? Don't worry. He's done all this in 24 months. Every statement in this is factual and directly attributable to Barrack Hussein Obama. Every bumble is a matter of record and completely verifiable. EVERYONE SHOULD READ THIS... | |
06-13-2011, 12:38 PM | #8 |
12,000 BS Posts
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Originally Posted by SmashMouth
Ths sad point is that America will vote this idiot back in again. |