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US Debt 1790 to 2011; In one little chart
Topic Started: Nov 19 2012, 01:43 PM (504 Views)
VoiceofReason

http://www.theatlantic.com/business/archive/2012/11/the-long-story-of-us-debt-from-1790-to-2011-in-1-little-chart/265185/



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Snidely Whiplash
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Which means all the US currency ever created that is sitting in various accounts around the globe. Remember, the US debt is primarily all the money the government created that it didn't tax back to get out of these accounts.
The wealthy, corporations, foreign investors, you and I, with US currency have those dollars and therefore reflect the debt.
Setting aside the political and the intentional public misconceptions, the debt has basically only 2 real components of concern. If any of that debt is in a commodity (ie gold) or in a currency (even more important than gold) we can't control, as in create.
The second and perhaps most important is the availability of resources those dollars may consume. There are limits, and as we approach these limits inflation begins to take off.
Edited by Snidely Whiplash, Nov 19 2012, 02:05 PM.
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Negrodamus
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Wars are expensive as hell but what did I read about us getting paid by the loosers of the wars?
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VoiceofReason

Freak Nasty
Nov 19 2012, 01:54 PM
Wars are expensive as hell but what did I read about us getting paid by the loosers of the wars?
Hmm...
I've never heard of that...

I know after we "end" a war, we end up still spending to try and "fix" the site.
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Negrodamus
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Truthie
Nov 19 2012, 02:04 PM
Freak Nasty
Nov 19 2012, 01:54 PM
Wars are expensive as hell but what did I read about us getting paid by the loosers of the wars?
Hmm...
I've never heard of that...

I know after we "end" a war, we end up still spending to try and "fix" the site.
I can't stand Donald Trump but he did make a good ass point when he said that the losers of the war need to pay us.
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VoiceofReason

Oh.

That sounds like, "I just got beat up, and now I have to pay you for beatin' my butt."

Sounds too much like a shake down to me.
Edited by VoiceofReason, Nov 19 2012, 11:55 PM.
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72MiMi
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Freak Nasty
Nov 19 2012, 02:17 PM
Truthie
Nov 19 2012, 02:04 PM
Freak Nasty
Nov 19 2012, 01:54 PM
Wars are expensive as hell but what did I read about us getting paid by the loosers of the wars?
Hmm...
I've never heard of that...

I know after we "end" a war, we end up still spending to try and "fix" the site.
I can't stand Donald Trump but he did make a good ass point when he said that the losers of the war need to pay us.
I hear what you're saying and I agree to a point. BUT, historically the USA has wound up paying to rebuild those places they destroyed......Japan, Germany, Korea, Viet Nam, Afghanistan, .....and what's so killing about ti they WERE all doing better than America until the natural/man made disasters crushed them.
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Zechariah
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Zechariah
America cannot ever relieve itself of debt. The system is designed to pile debt on top of debt.
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Zechariah
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Zechariah
Geithner Says ‘Absolutely’ When Asked About Eliminating Debt Ceiling
November 19, 2012
Print Version

Source: Advisor One

When asked if he agreed with Alan Greenspan that the debt ceiling should be eliminated, Treasury Secretary Tim Geithner responded, “Oh, absolutely.” Geithner was also optimistic, believing a budget deal could be struck within two weeks.

These were some of the revelations to come from his interview on Friday with Bloomberg TV'S “Political Capital with Al Hunt.”

Other topics covered by Geithner were the fiscal cliff and that the "tone was very good" in Friday’s deficit meeting.

AL HUNT, HOST, POLITICAL CAPITAL: We begin the show with Treasury Secretary Timothy Geithner. Mr. Secretary, thank you for being here.

TIMOTHY GEITHNER, TREASURY SECRETARY: Good to be here.

HUNT: Friday morning, meeting at the White House, you were there with the congressional leaders, John Boehner, Barack Obama. Did you come away - first of all, were there any specific numbers put out there for a framework agreement? And did you come away encouraged or not?

GEITHNER: It was a good meeting, and the tone was very good. And you heard each of the leaders say coming out that it was a very constructive meeting. You know, they said what you'd hope for them to say at this point, which is that this is something we can do, we're committed to do it, we want to do it as soon as we can, we know the stakes are very high. We know there's a lot of tough -

Read More @ Source
http://www.advisorone.com/2012/11/18/geithner-says-absolutely-when-asked-about-eliminat
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VoiceofReason

zecharia
Nov 19 2012, 10:10 PM
America cannot ever relieve itself of debt. The system is designed to pile debt on top of debt.
It is. And it needs to not be the case.
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