Holy Chit!!!!!!!!!!!!!!!!

treitz3
treitz3 Posts: 18,987
edited November 2009 in The Clubhouse
http://www.usdebtclock.org/

Oh my dear lord, I pray for future generations. Just watch it for a bit. :eek:
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Post edited by treitz3 on
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  • greg2350
    greg2350 Posts: 544
    edited November 2009
    Excuse my ignorance but could someone explain the national debt to me. I have never really understood what it meant. I guess my question is who is the debt owed to Ourself? and how does it affect me personally. What im saying is I have heard about this national debt all my life how high and how low it is but didnt understand how it affected me. My life seemed the same as to when it was low to really high nothing changed in my lifestyle.
    Thanks for any answers and hope I dont get flamed to death.:)
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  • bsoko2
    bsoko2 Posts: 1,449
    edited November 2009
    You'll be on fire!
    My 2012 HT Room - http://www.avsforum.com/t/1416077/bsoko2-new-ht-june-2012
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  • buymesome
    buymesome Posts: 281
    edited November 2009
    Basicly all the money thats in circulation is just borrowed from the bank and its not ours
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  • audiobliss
    audiobliss Posts: 12,518
    edited November 2009
    holy cow...those are some big numbers!
    George Grand wrote: »
    Jstas wrote: »
    Simple question. If you had a cool million bucks, what would you do with it?
    Wonder WTF happened to the rest of my money.
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  • Fongolio
    Fongolio Posts: 3,516
    edited November 2009
    Huge portions of that money are borrowed from the Saudi's and the Chinese.
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  • woodsman10b
    woodsman10b Posts: 408
    edited November 2009
    greg2350 wrote: »
    Excuse my ignorance but could someone explain the national debt to me. I have never really understood what it meant. I guess my question is who is the debt owed to Ourself? and how does it affect me personally. What im saying is I have heard about this national debt all my life how high and how low it is but didnt understand how it affected me. My life seemed the same as to when it was low to really high nothing changed in my lifestyle.
    Thanks for any answers and hope I dont get flamed to death.:)

    What it basically comes down to is that our "All American Dollar" is not going to be worth **** soon! As the national debt rises, that crumpled up dollar bill in your wallet or pocket is slowly but surely losing value and you cant do anything about it....:mad::eek::o:confused::(
    Most of them only hear how loud it sounds, and the rest of us hear everything else - :rolleyes:
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  • Systems
    Systems Posts: 14,873
    edited November 2009
    woodsman10b wrote: »
    What it basically comes down to is that our "All American Dollar" is not going to be worth **** soon! As the national debt rises, that crumpled up dollar bill in your wallet or pocket is slowly but surely losing value and you cant do anything about it....:mad::eek::o:confused::(

    Basically we're screwed.....Denial is a wonderful thing.....
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  • wingnut4772
    wingnut4772 Posts: 7,519
    edited November 2009
    I can't even bear to look at it.
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  • AsSiMiLaTeD
    AsSiMiLaTeD Posts: 11,726
    edited November 2009
    I suppose it gets the point across, but that's obviously not real time information...
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  • ben62670
    ben62670 Posts: 15,969
    edited November 2009
    Fongolio wrote: »
    Huge portions of that money are borrowed from the Saudi's and the Chinese.

    We are dependent on fuel from one of them, and goods from the other one. Americans in general are real friggen stupid. Again lets hope we don't go against the grain with either of these two. No fuel, no goods makes for an America in limbo. I'm underground with the moles digging holes.

    Edit: Moles as in the little creatures, and not like the ones Larry the Cable Guy's sister has.
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    Thanks
    Ben
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  • anhchungdoan
    anhchungdoan Posts: 760
    edited November 2009
    greg2350 wrote: »
    Excuse my ignorance but could someone explain the national debt to me. I have never really understood what it meant. I guess my question is who is the debt owed to Ourself? and how does it affect me personally. What im saying is I have heard about this national debt all my life how high and how low it is but didnt understand how it affected me. My life seemed the same as to when it was low to really high nothing changed in my lifestyle.
    Thanks for any answers and hope I dont get flamed to death.:)

    I hope you do not pull anyone' legs here.

    If you need the money to finance let say the WAR in the Middle-East, where do you get the money?

    Would you raise tax? Would you use the so called "fiscal policy" to balance ( reducing of course) the government budget?

    No, you want people votes and keep your seat next term so you do not want to raise tax . No, you do not want to reduce BIG DOGs compensation and their spending since they are among you and you yourself. So what do you do to have the money to finance the WAR?

    It's easy way is to BORROW the money. Who are you borrowing the money from? Not yourself since you are in a budget deficit crisis. Oh yeah, print more money. Let's call the Fed Reserve but how and what do you back up your loan with?

    Sir, it's a complex issue but for the sake of the thread. Let's talk simple term. You will issue T-bills, Bonds with a promise to pay to investors. Big dogs like the Chinese, Middle-east will give you the money for a piece of paper called promisery to pay ( T-bill, Gov.bonds ...). Now, you have the money to spend and finance the War, the Goverment spending. It sounds real good but then who is going to pay those debt instruments ? Somebody will have to pay the debt to the Chinese investors, the Dubai investors when the promisory notes mature ? They want their money plus interest. It's may not be YOU but it will be your children or your grand children. They will be paying your debt to the ears with what : Uncle Sam favorite way to raise revenue is TAXing the crap out of your grand children to pay the debts to the foreign investors . Go ahead! Spend that plastic cards on hi-end audio and cables...It's easy but watch out since the debtor will want the debtee to pay the money back oneday. Have fun this Xmas.
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  • Shizelbs
    Shizelbs Posts: 7,433
    edited November 2009
    I just got done reading Ron Paul's End the Fed, and he does a great job explaining this exact thing.
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  • rayslifecycle
    rayslifecycle Posts: 511
    edited November 2009
    Shizelbs wrote: »
    I just got done reading Ron Paul's End the Fed, and he does a great job explaining this exact thing.

    Great Book....and the bill to audit the fed in congress has a lot of support......lets hope it passes :o
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  • tonyb
    tonyb Posts: 32,952
    edited November 2009
    clarknova_666 wrote: »
    Great Book....and the bill to audit the fed in congress has a lot of support......lets hope it passes :o

    It's allready been gutted,left with no meat and as many loopholes as swiss cheese. This is the kind of crap everyone is tired of. You can't even get a piece of legislation to the floor for a vote with out it being altered up the wazoo or adding some sort of additional spending tacked on the end.
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  • ryanjoachim
    ryanjoachim Posts: 2,046
    edited November 2009
    It's obviously off by a large margin on some areas...

    only 10million illegal immigrants? Maybe in California alone!
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  • gelinas
    gelinas Posts: 226
    edited November 2009
    wow, thats crazy.
    I hope uncle sam has the money to give me a nice tax refund this year...
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  • madmax
    madmax Posts: 12,434
    edited November 2009
    gelinas wrote: »
    wow, thats crazy.
    I hope uncle sam has the money to give me a nice tax refund this year...

    Given what happened in CA last year I lowered my withholdings so I would not be on the waiting list to get paid. In CA payment was only delayed, next time it may not come at all.

    With all this debt the dollar will soon be worthless anyway, probably already is and we just have not figured it out yet.

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  • Shizelbs
    Shizelbs Posts: 7,433
    edited November 2009
    So who here invests in gold?
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  • SKsolutions
    SKsolutions Posts: 1,820
    edited November 2009
    A nice compilation of info as well. Trends, breakouts, charts and graphs.
    http://mwhodges.home.att.net/
    -Ignorance is strength -
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  • sTiLlLeArNiNg
    sTiLlLeArNiNg Posts: 805
    edited November 2009
    When you guy's have some free time check this out: http://www.zeitgeistmovie.com/

    It's a couple hour's long so give yourself enough time, VERY informative if you ask me....

    They can't enslave people the way they used to 200/300/400 year's ago so they are doing it with the $$$. It's a global thing....
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  • anhchungdoan
    anhchungdoan Posts: 760
    edited November 2009
    Shizelbs wrote: »
    So who here invests in gold?

    My mother who passed away couple years ago gave me some real sticks of 24k gold from Asia. It was @ $300.00 something per ounce in the 70s.

    Gold price was in the up 1K per ounce months ago or so. I can make some money then but I did not have gut to do it for a sentimental reason.
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