`Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama`

[LongTermGuy]

`Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise (http://www.treasurydirect.gov/NP/debt/current), of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.`

It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the "benefit" of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.
It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.
And now we wait for the US to become Spain, and add the estimated "contribution" from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.`



http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion
******************************************

`Ain't having commies in charge wonderful ?

Years with no budget & this is what you get ......`



https://www.youtube.com/watch?v=1kuTG19Cu_Q


:lol:

[Tyr-Ziu Saxnot]

`Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise (http://www.treasurydirect.gov/NP/debt/current), of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.`

It also means that total US debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103%. Keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the "benefit" of R&D and intangibles. Without said definitional change, debt/GDP would now be about 106%.
It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.
And now we wait for the US to become Spain, and add the estimated "contribution" from hookers and blow to GDP, once again pushing the total debt/GDP ratio below the psychological 100% level.`



http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion
******************************************

`Ain't having commies in charge wonderful ?

Years with no budget & this is what you get ......`



https://www.youtube.com/watch?v=1kuTG19Cu_Q


:lol:

Who'd ever thought it would be this easy? Black skin guilt coupled with liberal education system and 40 years later , a state of degradation close to total collapse..
And hell, we deserve it for not hitting the lousy dems the way they should have been hit decades ago.
As they've been anti-American for at least 30+ years now.
Treason to them became a cause celeb. and destroying this nation as it was founded became a unholy cause they dedicated their sorry worthless asses to obtaining any way possible.
Every day should be stomp the hell out of a liberal /dem day IMHO.
I actually look forward to the coming war(why not - can not stop it), at least then some justice can be delivered.
Lord knows its so very damn long overdue! -Tyr

[LongTermGuy]

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”― John Adams (http://www.goodreads.com/author/show/1480.John_Adams)

[glockmail]

This Article was first published in February 2013

The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank’s announcement comes just three months after the Fed refused to submit to an audit of its holdings on Germany’s behalf.

http://www.globalresearch.ca/u-s-dollar-collapse-where-is-germanys-gold/5321894

[glockmail]

On December 24, we posted an update (http://www.zerohedge.com/news/2013-12-24/year-later-bundesbank-has-repatriated-only-37-tons-gold-700-total)on Germany's gold repatriation process: a year after the Bundesbank announced (http://www.zerohedge.com/news/2013-01-16/bundesbank-official-statement-gold-repatriation)its stunning decision, driven by Zero Hedge revelations (http://www.zerohedge.com/news/2012-11-09/exclusive-bank-england-fed-no-indication-should-course-be-given-bundesbank), to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute "conspiracy theorists" is today's update from today's edition of Die Welt (http://www.welt.de/wirtschaft/article123988843/Die-ganze-Wahrheit-ueber-das-Gold-der-Bundesbank.html), in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris.

http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-tons-gold-ny-fed-after-one-year

[red states rule]

http://media.townhall.com/Townhall/Car/b/gv120414dAPR20141204044517.jpg

[debater]

There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.

[Gunny]

There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.Uh huh. Since you got a Chinaman's chance in Hell we'll ever pay you, guess what?

[debater]

http://www.businessinsider.com/zimbabwes-government-is-paying-its-citizens-5-for-175-quadrillion-zimbabwe-dollars-2015-6

[High_Plains_Drifter]

http://www.businessinsider.com/zimbabwes-government-is-paying-its-citizens-5-for-175-quadrillion-zimbabwe-dollars-2015-6
This is a bot........... ^^^^^^

[Black Diamond]

This is a bot........... ^^^^^^
Kill it before it grows.

[Black Diamond]

Gunny. I know he's not Kirky. Not sucking on Obama :laugh:

[debater]

There's not much hope for the USA.

Not only do people need to worry about aging and everyday life, now they must deal with a world rapidly falling into bankruptcy, war, and tyranny.

Knowing what to do today is difficult. Everything is illegal and everyone is a criminal. Americans who were once told to be hard-working and moral are now encouraged to be lazy and immoral.


Americans either think everything is just fine or walk around thinking the police state only applies to other people. Americans will blame everyone else for the collapse for the US, but they never blame themselves.

The elites tell the politicians and Gestapo what decrees to make and enforce, and the 99% obey the laws and pay the taxes that supports their own slavery.

Anyone who warns of the dangers of despotism and the rigged system are called spammers, trolls, shills, bots, racists, or nutjobs and are censored, banned, get IRS audits, are arrested, or killed.