Total US Debt Surpasses $23 Trillion For The First Time

Source: https://www.zerohedge.com/economics/total-us-debt-surpasses-23-trillion-first-time
Published: Nov 1, 2019
Author: Tyler Durden
Post Date: 2019-11-01 19:36:44 by Horse
Views: 200

Under the last two US presidents, total US debt has increased by 115%, to a record $23 trillion.

Poster Comment:

That is more than doubling every 10 years. Societal collapse within 4 years. We pay $12 billion a week in phony interest payments.

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#1: ghostdogtxn    To: Horse (#0)

ghostdogtxn posted on 2019-11-01 22:11:59   Reply   Private Reply

#2: Horse    To: ghostdogtxn (#1)

Within 10 years the annual interest payment on the debt will be $4 trillion. Now it is only $12 billion a week. It will matter so much that it will bring down the government.

Horse posted on 2019-11-01 22:34:55   Reply   Private Reply

#3: BTP Holdings    To: ghostdogtxn (#1)

US debt is optional. We are the collection agency.

The Federal Reserve Note is something we are forced to use since FDR abrogated the gold standard in 1933. Since there is no money we must use their commercial paper to "pay" our debts.

Under the Uniform Commercial Code, which all the states were forced to adopt in the 1950s spells out the particulars.

In Texas it is found here.

In Missouri it is found in Chapter 400. ;)

BTP Holdings posted on 2019-11-01 22:53:40   Reply   Private Reply

#4: Darkwing    To: Horse (#0)

When Obama was in the WH, the RINO bitched about how high the debt was and it was growing. Now that their lord and god is in, they say NOTHING.

Darkwing posted on 2019-11-02 08:18:49   Reply   Private Reply

#5: AllTheKings'HorsesWontDoIt    To: Horse (#0)

Trillions of that have been incurred for Israel:

Great Video: How Israel is Robbing America Blind

Gilad Atzmon Sat, Sep 14, 2019

The fact that America is funding Israeli expansionism is not new, however, in this must watch episode Jake Morphonios delves into the scale of that broad daylight plunder of Americans’ taxpayers’ money.

I highly advise Americans and everyone else to watch to this superb work of investigative journalism:

Blackstone Intelligence Network writes: “It doesn’t matter if you are a hard- working American. YOU are not entitled to keep your own income. YOU are a cash cow for the Zionist state of Israel. America’s labor force is Israel’s Golden Goose. And I am going to show you the financial statistics to prove it.”

https://russia-insider.com/en/politics/great-video-how-israel-robbing-america- blind/ri27631

Israel doesn't even need our money. The CIA keeps a factbook on the current account balance of 202 countries. Israel ranks 22; the US ranks dead last at 202. All monies of course are borrowed from the banksters, with interest. @ 5:30 min.

$10 million a day before you figure in all the wars we fight for them.

AllTheKings'HorsesWontDoIt posted on 2019-11-03 00:53:59   Reply   Private Reply

#6: AllTheKings'HorsesWontDoIt    To: Horse (#5)

.

Odious Debt by Washington's Blog - THIRD WORLD TRAVELER

thirdworldtrav eler.com/Third_World/Odious_Debt.html

Odious debt is an established legal principle. Legally, debt is to be considered odious if the government used the money for personal purposes or to oppress the people. Moreover, in cases where borrowed money was used in ways contrary to the people's interest, with the knowledge of the creditors, the creditors may be said to have committed a hostile act against the people.

AllTheKings'HorsesWontDoIt posted on 2019-11-03 01:13:46   Reply   Private Reply

#7: ghostdogtxn    To: Horse (#2)

ghostdogtxn posted on 2019-11-03 08:04:23   Reply   Private Reply