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Author Topic: US Debt at $19,959,943,400,000 will $20 trillion make the news?  (Read 4577 times)
Bit-coin-expert
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January 17, 2017, 05:25:46 PM
 #1


Have you guys been too www.usdebtclock.org recently? We are fastly approaching the the $20 Trillion in debt mark. 2 questions; will this information make the news and at what point does the dollar actually crash? Its been common knowledge that the dollar has lost 96% of its value since 1919 but what is it at right now 98% maybe 99% value gone? Just wanted to get your take.

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"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson

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January 17, 2017, 06:06:40 PM
 #2

It has a high probability it will hit the news, this is a "milestone". Wink
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January 17, 2017, 06:10:08 PM
 #3

It has a high probability it will hit the news, this is a "milestone". Wink

It will hit the news, but nothing will be getting done about it. It will just hit the news and people will forget about it until 30 trillion dollars is reached, then they'll get it on the news again, they will forget, they will bring it back for 40 trillion dollars... and so on ad infinitum. There is nothing that's going to change. I wonder if the system can work as it is now under any amount of debt. People just seem to not give a fuck about it. Everyone acts as if there will never be any consequences.
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January 17, 2017, 06:16:47 PM
 #4

It will certain make the news, I could remember it hit $10 trillion, I was watching the countdown to it hit the figure on Frace24. It is a big story and media will cover it

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January 17, 2017, 06:26:19 PM
 #5

I appreciate the replies. Is there a mathematical point of no return? I am going to google it and see what I can find. Tom

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January 17, 2017, 06:48:20 PM
 #6

I appreciate the replies. Is there a mathematical point of no return? I am going to google it and see what I can find. Tom

We passed this point a long time ago. And all the sheeple act like nothing has happened.
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January 17, 2017, 10:16:42 PM
 #7

Exactly, this doesn't mean they're going to do something about it. After a day or so everyone has already forgotten about it. Smiley
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January 20, 2017, 12:23:17 PM
 #8

It seems unfair to me. The debt will cross the $20 trillion mark in the next few days. The media will go ballistic and they will dish out headlines such as "US federal debt at $20 trillion under the Trump presidency". No one is going to mention that half of that debt was created by Barack Obama.

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January 20, 2017, 01:16:26 PM
 #9


Have you guys been too www.usdebtclock.org recently? We are fastly approaching the the $20 Trillion in debt mark. 2 questions; will this information make the news and at what point does the dollar actually crash? Its been common knowledge that the dollar has lost 96% of its value since 1919 but what is it at right now 98% maybe 99% value gone? Just wanted to get your take.

please visit my blog bit-coin-expert.com

Quote
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson

The US dollar is not a national currency.The US dollar is a world currency.
That`s why the US government debt is so big.The world wants to buy more and more USD.
The federal reserve system can print any amount without the risk of inflation and there is no need
for the US government to have a balanced budget.



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January 20, 2017, 04:02:00 PM
 #10

It will but only for like a day..
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January 20, 2017, 04:06:03 PM
 #11

It seems unfair to me. The debt will cross the $20 trillion mark in the next few days. The media will go ballistic and they will dish out headlines such as "US federal debt at $20 trillion under the Trump presidency". No one is going to mention that half of that debt was created by Barack Obama.

Dude
Don't blame him for 10 trillion xD
I mean he didn't reduce the debt for sure
but 10 trillion? Seriously? xDDDD

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markj113
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January 20, 2017, 04:09:29 PM
 #12

It seems unfair to me. The debt will cross the $20 trillion mark in the next few days. The media will go ballistic and they will dish out headlines such as "US federal debt at $20 trillion under the Trump presidency". No one is going to mention that half of that debt was created by Barack Obama.

Dude
Don't blame him for 10 trillion xD
I mean he didn't reduce the debt for sure
but 10 trillion? Seriously? xDDDD

Yes Obama doubled the debt from $10 to $20 trillion, just over the total of every previous president combined.






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valta4065
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January 20, 2017, 04:17:26 PM
 #13

It seems unfair to me. The debt will cross the $20 trillion mark in the next few days. The media will go ballistic and they will dish out headlines such as "US federal debt at $20 trillion under the Trump presidency". No one is going to mention that half of that debt was created by Barack Obama.

Dude
Don't blame him for 10 trillion xD
I mean he didn't reduce the debt for sure
but 10 trillion? Seriously? xDDDD

Yes Obama doubled the debt from $10 to $20 trillion, just over the total of every previous president combined.



backing up

Ok well my bad I shut up here xD
Impressing. Most impressing in fact is how every president (since JFK) at least doubled the debt in fact!
Like it's some POTUS requirement!

.
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Redrose
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January 20, 2017, 04:32:11 PM
 #14

No, I do not think this will make the news, at least from outsing the United States. For a few reasons : that would alarm people for nothing since this changes absolutely nothing, people out of the United States does not care about the debt of the USA, and be frank, talking about the new bakery that just opened is more interesting !

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January 20, 2017, 04:34:20 PM
 #15

No, I do not think this will make the news, at least from outsing the United States. For a few reasons : that would alarm people for nothing since this changes absolutely nothing, people out of the United States does not care about the debt of the USA, and be frank, talking about the new bakery that just opened is more interesting !

Until it hits a tipping point and international confidence in the USD is lost shifting to the Yuan.

The USA will then be in a world of hurt.






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January 21, 2017, 05:07:49 PM
 #16

Until it hits a tipping point and international confidence in the USD is lost shifting to the Yuan.

The USA will then be in a world of hurt.

Nope. The Yuan is even worse. The Chinese are like devaluing it every two weeks or so (to increase their exports). Else, Yuan could have replaced the US Dollar as the world reserve currency ages ago.

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January 21, 2017, 05:39:05 PM
 #17

It seems unfair to me. The debt will cross the $20 trillion mark in the next few days. The media will go ballistic and they will dish out headlines such as "US federal debt at $20 trillion under the Trump presidency". No one is going to mention that half of that debt was created by Barack Obama.

Kinda like how you won't mention that the first half was created by Bush and the second half was an economic stimulus that WORKED which is why he was able to cut the budget deficits so much. Now trump is president and his plan, his actual plan that he told everyone, is to drastically increase both the debt and budget deficits. And surely you'll blame Obama for that too.
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January 21, 2017, 05:55:41 PM
 #18

US Debt at $19,959,943,400,000 wow so big debt omg how so much I cant beleive how somebody can make big debt like that.If Donald Trump dont fix nothing in next 2 years  America will gonna be losted forever but I cant beleive how Donald Trump is American president.In my country everybody is smiling to American citizents which choosed Donald Trump  Grin and they are also happy because most Europe citizents hate America but all newspapers are hiding that.America is not good friend with Europe like Russia with China so because of that we have bad results.America want destroy Europe with immigrants and they waste time on that but they need to fix own economy.I think that American citizents need if Trump dont fix nothing to make country attack and citizents then need to also arrest Soroš because he is destroying a world and he dont do nothing good.
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January 21, 2017, 07:23:03 PM
 #19

https://www.quora.com/Who-created-more-debt-–-Bush-or-Obama

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January 21, 2017, 07:39:33 PM
 #20

US Debt clock is my fav :

http://www.usdebtclock.org/

National debt = $166773 per tax payer





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