Monday, October 06, 2008

MASSIVE US DEBT!

I posted up a link last Wednesday evening highlighting the fact that our National Debt crossed the $10,000,000,000,000 threshold. Well, a mere 5 days later and we're now $200 Billion further in debt. Look at that baby spin!



The Gross National Debt



Food for thought: If we were to somehow reverse this massive accumulation of debt and pay back one dollar every second (a fleeting instant in time) starting today, by the time the $10.2T was paid back, it would be the year 325,447 AD.



Randy

6 Comments:

At 10/06/2008 7:40 AM, Anonymous jim forest said...

Hmmm, took a month to blow 300B, now it only took 5 days for 200B. At this rate it'll be 1.2T at the end of this month. Here a billion, there a billion, soon you'll talking about real money.

Heard on the Tin-Foil hat forum that new power lines are being installed from Hoover dam to the Feds so the treasury won't run out of power for the printing presses.

A race to the bottom, bend over and grab your ankles. I'm from the government and HICA.

Jim

 
At 10/06/2008 5:58 PM, Anonymous Anonymous said...

I think most of us here knows that the national debt is never meant to be repaid. If at all, these debts (i.e. treasuries) would be repaid in greatly depreciated dollars. They may also go into default...although the printing presses of the Fed make that less likely...if there aren't enough buyers for the next year's treasury paper. That would be really the endgame for the dollar...when there are no buyers for Govt. Treasuries, and all deficits would have to be monetized.

 
At 10/07/2008 2:00 AM, Anonymous senote said...

I haven't done the calculation myself because my calculator doesn't have that many digits ;) but assuming that all the figures are correct this is one of those things that makes you truly think "holy shit".

 
At 10/07/2008 5:03 AM, Blogger Randy said...

senote,

The math is very basic and correct:

$10T divided by sixty seconds (in a minute) divided by 60 minutes (in an hour) divided by 24 hours (Day) divided by 365 days (Year) = Answer.

Yes, Holy Shit!

 
At 1/11/2013 12:31 PM, Anonymous QUALITY STOCKS UNDER 4 DOLLARS said...

One of these days the debt bomb is going to blow up.

 
At 3/27/2014 10:26 PM, Anonymous PENNY STOCK INVESTMENTS said...

And the debt bomb will go off.

 

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