Does that sound incredible to you?
It should - because a more accurate estimate of when we could repay our so-called "debt" would be NEVER.
But, I hate to call it "our debt" because - in all honesty - it's not.
This so-called "debt" is only "ours" if we accept it.
On Tuesday, the U.S. national debt topped $9 trillion for the first time in history, according to the U.S. Treasury Department's daily accounting of the national debt. Nine trillion dollars! The number is so staggeringly high that it exceeds our ability to comprehend it in monetary units.
Million, billion, trillion – in financial terms, for most of us, it means a lot of money, really a lot of money, but that is about as specific a picture as most ordinary people can grasp.
Let's put all these "illions" into perspective. A million seconds is roughly 12 days, whereas a billion seconds is approximately 32 years.
We understand dollars. And we understand time. So it would take 12 days to pay back a million dollars at a dollar a second. But if you started right now, you'd pay back a BILLION dollars, at a dollar a second, in the year 2039.
A trillion seconds is roughly 32 thousand years. At a dollar a second, you'd pay back a TRILLION dollars in the year 34007.
The U.S. debt stands at $9 trillion. If my calculator is working, then at a dollar a second, the U.S. could be debt- free in the year 290007.
That's roughly 288,000 years from now.
The point of that little exercise was two-fold. The first was to clarify the sheer volume of the debt; the second was to demonstrate the [im]possibility that anybody in government really believes we can ever pay it off.Each U.S. citizen's share of the national debt works out, according to the National Debt clock, to $29,947.50. That means the average American family of five owes, collectively, $149,737.50.
It also means that unless the average American family of five has a net worth of at least $149,737,50 in assets excluding liabilities (they don't), America is already bankrupt.
Or so they would like us to believe.
But, by now - you should know better.
The National Debt is nothing but a Nationwide Scam.
Sure some of that debt is actually hard-earned money, loaned by unsuspecting lenders - but, take a look at the US Gross National Debt counter below.
| US Gross National Debt |
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Now, watch carefully - as it increases exponentially by the second, soon to reach the TEN TRILLION mark.
How can anyone in their right mind justify the rate at which this "debt" accumulates against US?
They can't. It's not possible because it's unjustifiable.
Sure, they'll try. They'll tell you that there’s a "time value" to money, or a value of "deferred enjoyment" or "missed opportunity" or whatever other bullshit they can dream up and shovel our way.
But, you and I know better.
The VAST MAJORITY of our so-called debt is either money created from thin air (either by the Fed or some other foreign central bank) or so-called "interest" accrued on that bogus debt.
And you and I both know that the only value that "interest" measures is the extortion value of desperation.
In other words, how desperate are borrowers – in this case, taxpayers – for the money that bankers lend them?
The answer is then measured in percentages – 2, 4, 5, 20, up to 500% interest and more - and collected through exploitation.
But, WHY would taxpayers be so desperate for money?
The short answer:
- Taxpayers need essential public services, and public services require public infrastructure and public servants. But, these don't pop up out of nowhere – both require public financing.
- Now, because money is issued and controlled EXCLUSIVELY by PRIVATE BANKERS and these bankers only issue it AT INTEREST, whenever public financing is needed, the public – both as private individuals and through their public institutions – MUST borrow money AT INTEREST from these PRIVATE BANKERS.
- That debt then accumulates and taxpayers must borrow more money at interest to pay for any shortfall that they cannot collect in taxes. The only problem is - because interest is NEVER issued but ALWAYS charged, taxpayers can NEVER GET OUT OF DEBT.
Therefore, taxpayers are desperate for money because congress abrogated its duty to “coin and regulate the value of money” under the Constitution.
How did that come about? The Federal Reserve Act of 1913. Look it up – it was the beginning of the end of America.
[Ron Paul knows all about it.]
But there is hope.
We are NOT powerless in the face of our oppressors.
Our best weapon now is the very scale of the debt crisis itself.
Faced with the sheer insanity of this hopelessly insurmountable debt, Americans are left with no alternative.
They can either accept perpetual slavery and abject poverty or do what should have been done a long time ago - tell private international bankers to f*ck off - we don't "owe" you squat!
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Many thanks to Traveller, who posted this article from Web of Debt, where I grabbed some of these images.
The dog chasing its tail is modified from an image at The Money Myth Exploded Gallery.
Our MONEY is NOT theirs - IT'S OURS!
