Category Archives: US National Debt($20 trillion)

Visualizing Who Holds U.S. Debt Internationally

Federal government debt in the United States can be broadly placed in two categories: “Debt held by the public” and “Intragovernmental debt”. The former category includes securities held by individual investors, corporations, local and state governments, the Federal Reserve, and foreign governments.

Meanwhile, intragovernmental debt includes securities held in accounts administered by other federal authorities. This category, for example, would include treasuries owed to the Social Security Trust Fund.

Here’s the tallies of these two categories as of December 2016…

Source: Visualizing Who Holds U.S. Debt Internationally | Gold and Precious Metals

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The Coming Debt Reckoning | Zero Hedge

American workers, as a whole, are facing a disagreeable disorder.  Their debt burdens are increasing.  Their incomes are stagnating.

There are many reasons why.  In truth, it would take several large volumes to chronicle all of them.  But when you get down to the ‘lick log’ of it all, the disorder stems from decades of technocratic intervention that have stripped away any semblance of a free functioning, self-correcting economy.

The financial system circa 2017, and the economy that supports it, has been stretched to the breaking point.  Shortsighted fiscal and monetary policies have propagated it.  The result is a failing financial order that has become near intolerable for all but the gravy supping political class and their cronies.

Take consumer spending.  This is the primary driver of the U.S. economy.  Yet it requires vast amounts of credit.  In fact, American consumers presently hold $1 trillion in revolving credit.  At the same time, they have nowhere near the income needed to finance these debts, let alone pay them off.

Remember, the flipside of credit is debt.  Obviously, the divergence of increasing debt and stagnating incomes is a condition that cannot go on forever.  But it can go on much longer than any sensible person would consider possible.

Debt Slaves

If you haven’t noticed, the financial services industry is extremely accomplished at compelling people to go whole hog into debt.  Moreover, the entire fiat based financial system, which depends on ever increasing issuances of debt, hinges on it.  Just a slight contraction of credit, like late 2008, and the whole debt repayment structure breaks down.

On an individual basis, there are only so many credit cards that can be maxed out before the shell game ends.  Wolf Richter, of Wolf Street, recently clarified the relationship between the economy and deep consumer debt:

“The US economy is fueled by credit.  Americans turning themselves into debt slaves makes it tick.  Take it away, and what little growth there is – nearly zero in the first quarter – will dissipate into ambient air altogether.  So it’s time to take the pulse of our American debt slaves.

“In a new study, life insurer and financial services provider Northwestern Mutual found that 45 percent of Americans that have debt spend ‘up to half of their monthly income on debt repayment.’  Those are the true debt slaves.

“Excluding mortgage debt, Americans carry an average debt of $37,000.  Of them, 47 percent carry $25,000 or more, and more than 10 percent carry $100,000 or more in debt, excluding mortgage debt.

“Most of them expect to get out of debt before they die, but 14 percent expect to be in debt ‘for the rest of their lives.”’

Source: The Coming Debt Reckoning | Zero Hedge

FEDERAL DEBT HELD BY PUBLIC NOW AT HIGHEST LEVEL SINCE WORLD WAR II

 

Ali Meyer | MARCH 30, 2017

Federal debt held by the public is set to hit 77 percent of gross domestic product by the end of this year, the highest level seen since shortly after World War II, according to the Congressional Budget Office’s 2017 long-term budget outlook.

Federal debt held by the public, defined as the amount that the federal government borrows from financial markets, has ballooned over the last decade. In 2007, the year the recession began, debt held by the public represented 35 percent of GDP. Just five years later, federal debt held by the public has doubled to 70 percent and is projected to continue rising.

Debt has not seen a surge this large since the increase in federal spending during World War II, when debt exceeded 70 percent of GDP. The budget office projects that growing budget deficits will cause the debt to increase sharply over the next three decades, hitting 150 percent of GDP by 2047.

Deficits are projected to rise over the next few years because government spending is outpacing tax revenue, causing a substantial imbalance in the federal budget. In 2017, the deficit was 2.9 percent of GDP. This is projected to rise to 9.8 percent in 2047.

via Federal Debt Held By Public Now At Highest Level Since World War II — Infowars

Rothschilds surrender US Corporation bankrupt USA Republic accepts shared human destiny – Weekly geo-political news and analysis Message from Benjamin Fulford

The Satan worshipping cabal suffered crushing defeats last week on all fronts multiple sources agree. The biggest news is that US President Donald Trump announced last week that the cabal owned United States Corporation founded in 1861 has been replaced with the Republic of the United States of America that was founded in 1776. For details on this see here:

http://alcuinbramerton.blogspot.jp/

That is why the talk of US government functions shutting down on March 15th as the US $20 trillion debt limit was reached failed to materialize. The debt belonged to the Corporation, not the Republic. The Corporation has been declared bankrupt and the debt null and void, multiple sources agree. That is because United States Corporation Secretary of State and slave to Corporation top shareholder David Rockefeller Jr. Rex Tillerson failed in his effort to get funding for it in Asia last week, Asian secret society sources say.

Japanese imperial family sources say Rockefeller bagman Henry Kissinger showed up with Rex Tillerson and both threatened the Imperial family in a failed effort to get them to cash a bogus 4京(kei) yen (40 trillion dollar) World Bank bond so that they could keep the US Corporation going and place their flunky Ichiro Ozawa as Prime Minister of Japan. Ozawa is despised in Japanese government circles and will not be allowed near the Prime Minister’s office so the request was denied, Japanese right wing sources say.

However, the US military is determined to get rid of current Prime Minister Shinzo Abe and Finance Minister Taro Aso, who blocked the deal, because they are desperate for funds to keep their international operations going. That is why they are flooding the Japanese media with stories exposing Abe’s scandals. Abe represents a faction of extreme right wingers who wanted to start a war with China and so is definitely tainted goods as well and will likely be removed.

There are ongoing discussions over exactly who to replace Abe with and the White Dragon Society is recommending the relatively clean and competent Hideo Higashikokubaru as an interim Prime Minister who would represent the consensus of the Japanese bureaucracy and other power brokers. Asian secret society sources, for their part, say there is no alternative to Abe at present and so he must be given a new script to read. The discussions are ongoing.

The Rothschilds and the Rockefellers also tried to keep themselves from going bankrupt by taking over North Korea. North Korea is the location of a vast treasure of…

Source: Weekly geo-political news and analysis

U.S. Government Officially Has Less Money Than Google – Your News Wire

The U.S. government officially has less cash than internet giant Google, with just $34 billion in the bank compared to Google’s $75 billion.

In the year 1517, one of the most important innovations in financial history was invented in Amsterdam: the government bond.

It was a pretty revolutionary concept. Governments had been borrowing money for thousands of years… quite often at the point of a sword. Italian city-states like Venice and Florence had been famously demanding “forced loans” from their wealthy citizens for centuries…

Source: U.S. Government Officially Has Less Money Than Google – Your News Wire

US Debt Slashed By $68 Billion Since Trump’s Inauguration – Your News Wire

 

The US national debt has been slashed by a massive $68 billion dollars since President Trump’s inauguration, according to new figures from treasury.gov.President Trump inherited national debt of $19,947 billion – an enormous figure that was thought to be irreversible and had been blowing out by the billions every day Obama was in office.But President Trump got to work and began turning the situation around…

Source: US Debt Slashed By $68 Billion Since Trump’s Inauguration – Your News Wire