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US Record $14 trillion-plus debt

Discussion in 'BlackHat Lounge' started by darkman, Jan 16, 2011.

  1. darkman

    darkman Regular Member

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  2. greenleaf4u

    greenleaf4u BANNED BANNED

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    interesting reading
     
  3. dookie74

    dookie74 Newbie

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    Yeah i read that today too, thing is the EU, US, and Chinese economy completely rely on eachother if one falls they all fall, none will fall anytime soon
     
  4. RaveRandi

    RaveRandi Registered Member

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    If you have a brain in economics you would completely understand that DEBT =MONEY and MONEY = DEBT. If all of that debt was paid off there would be NO money. Absolutely none. None to pay you from your IM career, none to pay your internet bill and so on. So please do recognize that American runs on the interest system. So before you start panicking. Do understand that debt is money. Meaning there is 14 trillion dollars in circulation.

    If you want to learn more about economics please head over too:

    youtube /watch?v=_dmPchuXIXQ
     
  5. Mr Ex

    Mr Ex Regular Member

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    That's very true. The bigger the economy, the bigger the circulation is. Therefore the debt is bigger. If you search on google, you will see that small countries either have no debt or owe very little. Because their economy is small, there is no money and there is little circulation.
     
  6. Mr Ex

    Mr Ex Regular Member

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    That's very true. The bigger the economy, the bigger the circulation is. Therefore the debt is bigger. If you search on google, you will see that small countries either have no debt or owe very little. Because their economy is small, there is no money and there is little circulation.
     
  7. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Its like they are out to weaken the dollar so that then the only solution is to make a new currency. First for north america (usa + canada) and then with mexico and other south american countries. Just like the Euro.

    Very interesting stuff. As I read more, more and more of these exaggerated theories seem to be true about a new world order/government running everything through UN etc.

    Source: Amero
    Code:
    http://en.wikipedia.org/wiki/North_American_Union
     
    Last edited: Jan 16, 2011
  8. ilanru

    ilanru BANNED BANNED

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    Nice record ;)
     
  9. craigslistguy

    craigslistguy Regular Member

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    yes u are right...Big Economy = Big debt

    What you dont realize is that it includes government spending..

    I HIGHLY doubt the "Regular Us population" as a whole, COMBINED, would not add up to 14 trillion..

    Combine all of regular peoples stuff and that is the "True" Debt if you will.

    14 trill is too high even for U.S. IDC WTF they say the size of the economy is and that it "makes it ok"

    Not to mention they are going to raise their "credit limit" if you will so they dont default and we go in austerity by the IMF like Greece and all those other dumb places that America is slowly turning into....


    It like the forefathers predicted this Moment in history before it even happend... The one flaw of a democracy or a Free Country.......


    GREED


    Look at any law, any spending, ANYTHING. and there is a motive of GREED behind each and every FUCKING THING
     
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    Last edited: Jan 16, 2011
  10. craigslistguy

    craigslistguy Regular Member

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    To piggyback off of wat hex just wrote....

    The national debt wouldnt be so bad if America "kept it in the family" so to say and imported what we needed "like any good budget minded person" and LEAD THE WORLD in exports instead of China.

    But because we have fucking failed to "keep it in the fam" (like everything else, we help other countries first instead of our own) this is the fuckin mess we are in now


    Just imaigne if Apple Inc. Had iphones "Assembled in America" instead of "Assembled in China"

    Do some research and look up FoxCon (obviously Chinese)

    These are the people who make Apple products.....Imagine if it was us....
     
    Last edited: Jan 16, 2011
  11. SaraJ

    SaraJ Junior Member

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    Yes every reserve note is debt and must be debt to be in circulation, BUT this does not mean that the debt has to be in the form of compounding deficits.

    The larger this debt gets, the worse off it is for everyone here in America. A larger portion of the budget goes to debt management each year. This means that eventually people will be paying very high taxes for limited services.

    The debt that forms money can be done on a banking level as well instead of government debt to produce money in the form of fractional reserve banking. Many countries run their money systems this way without irresponsible massive debt loads like America is doing.
     
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  12. craigslistguy

    craigslistguy Regular Member

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    Lol i edited that after i had typed it and went "searchin" I always edit my post bout 5 times a post ahahaha to make sure im not looking like a moron....U caught me ahahah
     
  13. bakxos

    bakxos Regular Member

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    First of all debt says absolutely nothing as an amount. 1 trillion for the US might be ok but half trillion for Greece is a complete disaster so you need a base for that. An example is the Debt as % of GDP. Japan is second with 190% (around), Greece has 128%, Italy 120% etc etc.

    In addition, the structure of the debt (rates, when its supposed to be paid,conditions etc) are important too.

    USA has massive debts but also massive production. Money brings obligations though so its ok! DEBT is not money though. Except if you consider the whole world your home so its ok.You take it from one pocket and you put it into another.

    Documentaries are nice but at some point, its rather important to cross check so saying that Money=Debt and Debt=Money is really really wrong. For me your debt is money, for you its debt. I live in a different country so for you your debt is debt since i took your money and put it into a local bank. Except if you live in countries which have no interaction with other countries.

    So as a conclusion,
    Debt=Debt.
    It can mean money but it depends.

    Edit:
    I forgot to say that it also depends on what kind of debt you are talking about. There is debt and there is external debt (thats evil...).
     
    Last edited: Jan 16, 2011
  14. jheyslow

    jheyslow Senior Member

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    I can't imagine what happens 10 years from now if that debt continues to grow.
     
  15. craigslistguy

    craigslistguy Regular Member

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    this is what being truly wealthy is people, On a subconscious level.


    Subconsciously people dont want money to buy material things. They want money so they can "buy" their "time".

    Which means exactly what Hex wrote.....

    Ask any wealthy person what about money makes them happy...and they will tell u time.

    U pay for people to wash your car, So u dont have to spend 2hrs doing it yourself. Now scale that.....That is what its like being rich..
     
  16. silentthunder

    silentthunder Jr. VIP Jr. VIP Premium Member

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    hexalor, thanks for representing. Some of your words are being poured into a black
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    hole but some of us hear you loud and clear. The U.S. spends more money on the military than on education so chest pounding and half formed theories substitute for
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    real thought. But that's only half the problem because I've met people with elementary education from the "third world" with a much greater understanding of world affairs
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    than some "first worlders". Skyscraper debt can shift the international balance of power
    in a heartbeat and maybe some foreign elements want it that way. Wake up and
    smell that strong coffee.
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    ;)
     
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  17. ``Yousef

    ``Yousef Power Member

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    So let me just shoot a couple of question out.

    1) Which entities in the world are in a state of positive assets, as in, have more assets then they owe. It seems like every nation has debt, so who the fuck do they owe? World bank? IMF?

    I watched a video a few weeks ago, that took a shot at explaining the federal reserve system. Not trying to turn this into a conspiracy shit-fest, with minimal substantial evidence as they often have, but it said that the federal reserve acts as a separate entity, purchases U.S. issued bonds, and places hard cash + 10% interest on top.

    In theory therefore, the federal reserve has more money then the U.S. as they issue the money supply + 10% interest. Who owns the federal reserve?

    How the fuck do we even know that the U.S. is $14 trillion in debt for that matter. Here in the UK, I've seen multiple numbers thrown around, anywhere from £800 billion to £4.8 trillion.

    @Hexalor, just to hit you up on a point, you say "The money is controlled by the world banks and the money controls the countries and people. It's all just a game.", by that theory whoever owns the banks is in the best position, and has the most control. Who then, owns the banks?
     
  18. silentthunder

    silentthunder Jr. VIP Jr. VIP Premium Member

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    http://land.netonecom.net/tlp/ref/federal_reserve.shtml


    The Western World

    [​IMG]Carrol Quigley - the bankers' plan
    "The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
    The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations.
    Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world."
    Carrol Quigley, Tragedy and Hope, 1966 - [Bill Clinton's mentor and Georgetown University professor]


    http://en.wikipedia.org/wiki/Bank_for_International_Settlements

    Russia - ??

    The Eastern World (China, Taiwan, etc) - ??