US debt visualisation
July 29th, 2011 at 4:04 pm by David FarrarCheck this site out.
They’re $100 bills representing what the US national debt will be by the end of the year.
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July 29th, 2011 at 4:20 pm
Well, well, well and surprise, surprise that TV 1′s 6.00pm Bill & Bonny show the other night pinched this without any attribution.
They just never fail to live down to expectations.
Vote:July 29th, 2011 at 4:44 pm
$38 000 000 000 interest payment per month..ouch..me think usa in deep doo doo.
Vote:July 29th, 2011 at 4:53 pm
And this is exactly why the Tea Partiers need to take control of both Houses.
Vote:Fiscal responsibility is not extremism as so many lefties and members of the LSM would have you believe, it’s good old common sense.
July 29th, 2011 at 4:55 pm
sure the US owes a buttload of cash… but whos gonna collect?
“hi uncle sam, can we get that cash back we lent you?”
Uncle Sam “fuck off”
“ok, sorry to bother you. please dont bomb us even though we are brown”.
Vote:July 29th, 2011 at 5:04 pm
Do any countries not have sovereign debt?
Vote:July 29th, 2011 at 5:09 pm
And yet NZ Herald columnists like Bernard Hickey continue to blame Key and Bollard for the Kiwi’s unrelenting rise versus the USD….go figure…..
Vote:July 29th, 2011 at 5:13 pm
If you extrapolate our 70 billion of debt to the population of the US, you get about 4.7 trillion debt (NZD) – but our GDP is nearly half their GDP per capita – not the nest picture here either……
Vote:July 29th, 2011 at 5:36 pm
To retire debt the US only needs to print US Treasury notes directly, and stop issuing Federal Reserve Notes.
Vote:July 29th, 2011 at 5:49 pm
“ok, sorry to bother you. please dont bomb us even though we are brown”
..no problem there..if they dont sort their shit by next week the military dont get paid..heh , one country going cheap..”do I hear a bid of ten bucks”
Vote:July 29th, 2011 at 5:54 pm
How the U.S…. Got $14 Trillion in Debt and Who Are the Creditors.
http://www.nytimes.com/interactive/2011/07/28/us/charting-the-american-debt-crisis.html
Vote:July 29th, 2011 at 5:56 pm
Thought this was interesting:
There is no need for the government to borrow more money to be able to make payments on old debt.
The US Treasury does not need to borrow from the Federal Reserve. The US government does not need to “serve” the Federal Reserve.
The US Treasury can be authorized by Congress to print US Treasury notes (money) directly, like they used to do, and stop issuing Federal Reserve Notes.
In fact, all of the US debt can be retired entirely, all of it could be paid back immediately, merely by issuing new US Treasury notes (money, bills, dollars).
A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
Vote:July 29th, 2011 at 6:25 pm
Interesting video here about how members of US Congress are exempt from insider trading laws and are making a killing worth millions of dollars while the country goes down the tubes. It’s both Dems and Republicans, but the 41 Dems in Congress’ worth jumped 456%, and some of them up to 1000%
And yes, Obama is one of them.
Vote:July 29th, 2011 at 6:31 pm
And to top off this tragedy, the Messiah wants to keep spending like crazy. The result: the USD going down the gurgler.
Sorry to see the United States being led by an incompetent community organiser with little or no experience. No, Bush wasn’t any better.
Vote:July 29th, 2011 at 6:36 pm
Paul.. I got the same message from my financial adviser.. who by the way is holding onto large stocks of physical silver and gold… are cheques still valid in the US.. I hear they have been put out of circulation in same western countries.
Vote:July 29th, 2011 at 6:58 pm
Manolo, perhaps there is a method in his madness. Everything the anointed one does brings America closer to the brink. I’m sure he would be just as happy to see the US default and place the blame squarely at the Republicans feet. At a recent town hall meeting Barry was talking about the current crisis. He went on to say “if I was a dictator”, interrupted by shouts of “yes you can” by hundreds of brain dead dribbling idiots who worship his every move. He’s a bad bastard and I wouldn’t trust him as far as I could spit.
Vote:July 29th, 2011 at 7:12 pm
http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered
Vote:July 29th, 2011 at 7:18 pm
It’s Keynesian Economics After All.
This is one of the main point that Congressman Ron Paul has been saying all along. The US should stop the militarism.
Vote:July 29th, 2011 at 7:24 pm
It would be 100 times larger if they used singles instead.
Vote:July 29th, 2011 at 7:34 pm
Credit to the person who originally quoted it on GD a few nights ago.
Vote:July 29th, 2011 at 8:05 pm
aw shucks reid – thanks. I was still reeling from the attacks that morning..!
Vote:July 29th, 2011 at 8:17 pm
It’s all over now kk.
I used to have this really good flash file app which had a chainsaw and a machine gun and lots of other pointy and painty weapons all with really good realistic sound effects which chopped up and hammered and smashed the desktop and it made me feel better I found, whenever Windows did something silly.
It would work with obnoxious blog posts that don’t agree with you as well, is the point.
Matter of fact that’s a billion download i-phone app if anyone knows how to re-create it.
Vote:July 29th, 2011 at 10:42 pm
Ron White has the solution http://www.youtube.com/watch?v=-cHhq5CVCmA
Vote:July 30th, 2011 at 5:25 am
with a little bit of luck this time the world economy will go ass over tit
Vote:July 30th, 2011 at 6:05 am
America has been sold out and our new Chinese slavemasters are now leading the sheep to slaughter. Even as Barack Obama bows and fawns to President Hu Jintao, the globalists for whom he fronts are sharpening the knives and preparing to unleash the bloodletting as the dying carcass of America is dragged into line to facilitate the global management of the planet
Vote:July 30th, 2011 at 5:28 pm
The saddest thing about all that debt is that they haven’t used it to build significant or durable infrastructure.
Given that future taxpayers will have to cover the cost of all that borrowing, it’s basically an inter-generational theft.
Vote: