Bitcoin Forum
October 20, 2017, 06:11:01 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why Washington Is Pertrified Of Honest Interest Rates  (Read 747 times)
knight22
Legendary
*
Offline Offline

Activity: 1358


--------------->¿?


View Profile
October 01, 2014, 01:05:13 AM
 #1

Uncle Sam’s $8 Trillion Annual Debt Churn: Why Washington Is Pertrified Of Honest Interest Rates

http://davidstockmanscontracorner.com/uncle-sams-8-trillion-annual-debt-churn-why-washington-is-pertrified-of-honest-interest-rates/

Quote
I know that headline sounds completely outrageous.  But it is actually true.  The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.  When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months.  And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014.

Quote
But a Ponzi scheme like this can only last for so long.

Quote
2013

Redeemed: $7,546,726,000,000

Issued: $8,323,949,000,000

Increase: $777,223,000,000

2012

Redeemed: $6,804,956,000,000

Issued: $7,924,651,000,000

Increase: $1,119,695,000,000

2011

Redeemed: $7,026,617,000,000

Issued: $8,078,266,000,000

Increase: $1,051,649,000,000

2010

Redeemed: $7,206,965,000,000

Issued: $8,649,171,000,000

Increase: $1,442,206,000,000

2009

Redeemed: $7,306,512,000,000

Issued: $9,027,399,000,000

Increase: $1,720,887,000,000

2008

Redeemed: $4,898,607,000,000

Issued: $5,580,644,000,000

Increase: $682,037,000,000

2007

Redeemed: $4,402,395,000,000

Issued: $4,532,698,000,000

Increase: $130,303,000,000

2006

Redeemed: $4,297,869,000,000

Issued: $4,459,341,000,000

Increase: $161,472,000,000

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508523061
Hero Member
*
Offline Offline

Posts: 1508523061

View Profile Personal Message (Offline)

Ignore
1508523061
Reply with quote  #2

1508523061
Report to moderator
1508523061
Hero Member
*
Offline Offline

Posts: 1508523061

View Profile Personal Message (Offline)

Ignore
1508523061
Reply with quote  #2

1508523061
Report to moderator
1508523061
Hero Member
*
Offline Offline

Posts: 1508523061

View Profile Personal Message (Offline)

Ignore
1508523061
Reply with quote  #2

1508523061
Report to moderator
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
October 01, 2014, 05:51:46 AM
 #2

Uncle Sam’s $8 Trillion Annual Debt Churn: Why Washington Is Pertrified Of Honest Interest Rates

It's "petrified". Anyway, that's a very real issue. The Fed has been holding interest rates down by flooding the banking system with money. Classically, we should have had either inflation or an interest rate spike by now, but neither has happened.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!