$9,000,000,000,000

[killerweed420]

Thats why its rare for me to vote for any candidate. I usually just vote for the intiatives and referendums and don't even bother filling in any dots for candidates. I will be making an exception next year.

[yokinazu]

who do we owe all this money to?
and heres a word about the germans and wheel barrels full of money. yes it did happen but has anyone here read "the rise and fall of the third reich"? if so it will explain the reason and it was pretty ingenios
basicaly after ww1 the germans were in so much debt that they would never be able to repay. when hitler took power one of the first things he did was to lower the value of the mark. by doing this no country in the world wanted to deal with that many marks so they forgave the war debt, hence ending the debt. so say that we are 9 trillion in debt and we devalue the dollar to where its only worth 1/100 of what it was that would now be 900 trillion debt. and nobody wants 900 trillion worthless dollars layin around.

[Psycho4Bud]

In order to do a fair evaluation of the "national debt" you have to compare THAT to the GDP.

Have a good one!:s4:

[thcbongman]

There are none thats the problem. All of the worlds money is controlled by a banking system that controls the money in the world. Who do you think owns these banks, the people? Just so you know the dollar is already crashing and has been crashing. The euro is already worth more than the dollar, and there is talk of the euro becoming the new standard for world trade, and dumping the US dollar. China is already dumping it's investments in US currency along with other countries. A world based on a fiat system with nothing backing any of the money is up is heading towards a world collapse in the economy. That would mean we would need a one world economy, and who do you think would be in charge of this one world economy? The same people who were at fault for the collapse of it. Right now the US dollar is in trouble and in a bad way.

Our system is ran on Debts and Credits which is kinda weird since we have been taught all our lives that debt is bad. But yet we still think we can pay off this debt that we are in, but what a lot of people don't understand is that there is not even close to enough money in circulation to pay this debt off. We would be wise to go back to having something giving our money value. If gold is so bad why are all the rich of the world investing in it? I'll tell you why because precious metals and stones are the only things that hold value. Right now an ounce of gold is over $800 due to how bad our dollar is right now. I could go on typing more, but I am tired so more than likely this post may seem confusing. guess I should have just posted it tomorrow. Plus there is a lot to try and type in one post to explain.

Not all debt is bad. It depends on credit worthiness. Otherwise you wouldn't have an entity that buy another's debt, because of the interest they get in return. It's a practice of restraint that financial institutions have no observed in the past decade or so, issuing loans that's bound to default. None the less, in terms of idealism, it should be backed by metals of value. One can argue that the US is a hybird of fiat and private currency, since the federal reserve is privately owned, by backed up by the U.S. Treasury.

I addressed some similar points you made in another post, of how we have to start strapping down debt before a group of investors pull another George Soros when America becomes economically vulnerable, which is slowly creeping into that territory.

But the solution is not to implement a gold standard. As you pointed out: we don't have close to enough money in circulation to pay it this debt off, is exactly the reason. It'd have to take decades of planning, and paying down debt to put ourselves in a position to make that kind of economical switch as you propose. To do it too soon will cause anarchy to reign.

I'm sorry, I don't want to live life, sitting on my rooftop, with a M-16.

[killerweed420]

In order to do a fair evaluation of the "national debt" you have to compare THAT to the GDP.

Have a good one!:s4:

That charts not looking too good for the red team.I've got a friend who is heavily into investing.He told me when Bush was elected to move all my investments to foreign investments.I didn't think it made much sense but now I see it does.

[Subjekt]

Well, just to make all your paragraphs short...

NWO , if your smart you know what i mean, if not look it up on youtube.

Peace

[Innominate]

Well, just to make all your paragraphs short...

NWO , if your smart you know what i mean, if not look it up on youtube.

Peace

It is very important that everyone understands the ideology of the New World Order, Skull and Bones Secret Society, and any other evil imperialist power group the cowards embark. We might be fighting this very enemy one day.

[yokinazu]

still lookin for the answer
who do we owe all that money to?
c'mon somebody should be ale to tell me

[Subjekt]

It is very important that everyone understands the ideology of the New World Order, Skull and Bones Secret Society, and any other evil imperialist power group the cowards embark. We might be fighting this very enemy one day.

We kinda are fighting the IDIOTS..

[Psycho4Bud]

still lookin for the answer
who do we owe all that money to?
c'mon somebody should be ale to tell me

We owe it to the people and entities that have bought or received U. S. debt instruments, such as Savings Bonds, Treasury Notes or Treasury Bills.
That includes:

Average folks like us
Large and small corporations
Banks
Pension funds
Insurance companies
Various U. S. government entities such as the Social Security Trust Fund
State and local government entities
Foreign investors
Foreign corporations
Foreign governments
National Debt FAQ

Hope this helps.....................

Have a good one!:s4: