They can't print silver..
90% US dimes would be good....
One of these
Is worth about two of these
Posted on 08/25/2024 7:05:59 AM PDT by MtnClimber
Amazingly, the United States GDP is $16 trillion per year, and our national debt is now $35 trillion. Our biggest national expense is interest service on the debt. But we don’t all know that $36.8 trillion represents all the money in the world. Put that in your pipe and smoke it.
A few weeks ago, I looked up how much money there is in the whole world. I did this because I was making the point that if a person is sick enough and close enough to death, then all the money in the world poured into medical care will not bring him back. Furthermore, not all the money in the world spent on medical care will bring him back from any successive drop down the ladder of well-being toward the point of no return. Drugs are artificialities. They cover up symptoms, but they do not substitute for the holistic requirements, like good food, sound exercise, meditation, prayer, like chiropractic, that actually improve the body in multiple physiological ways.
The World Atlas says that all the money in the world equals $37.8 trillion. Our debt now equals all the money in the world?
Spending in the modern era is a Democrat thing. It bribes voters and also conforms to the Cloward-Piven strategy to end family, religion, commerce, enterprise, and Western civilization through debt-collapse into a rubble from which Gyorgy Lukacs, Wilheim Munzehberg, John Dewey, the Fabians, the Frankfurt School, Max Horkheimer, Antonio Gramsci, Theodore Arno, and many others hoped a socialist utopia would climb. The operative word is “hope.”
How did Democrats get us here? When did they start driving the “hockey stick” of social welfare spending skyward? In 1964, with the great War on Poverty. This jumpstart spending program was supposed to knock out poverty, disparity, and want...
(Excerpt) Read more at americanthinker.com ...
No, no, there’s still $1 trillion left! Give them 6 months.
7.74% is the long term average.
sources: Kiplinger: The Magic Mortgage Rate Number to Tip the Housing Market
“Sustainable” ™
Just borrow another $100 billion and give it to Ukraine - that’ll fix things right up!
My old lefty economics professor at college said “we owe it to ourselves”.
The “experts” are insanely stupid and dangerous to children and other living things.
“ what is money? And where does it come from?”
To paraphrase John Lennon (in one of his worst psychological phases): Money is a concept by which we measure our pain.
90% US dimes would be good....
One of these
Is worth about two of these
Overnight our money could become worthless. Paper is cheap and they can run the printing presses forever. Just add more zeros! Soon we can pay off all our debts with funny money. Then it all goes bust and only gold backed BRICKs Money will be used as trade. The bubble will burst when the world finds out that Fort Knox is empty. Think 1929 was bad? See what 2030 will be like. Then will come the Neo-Fascists. Lots flags, torchlight parades, everyone gets a fancy uniform. Music, Parades, work for all, prison camps for any that stand in the way of the national will—Yes, and their will be a leader—a man all can look up too. It will be great fun—until it isn’t.
> How did Democrats get us here? <
Democrats? Yes, the Democrats are more reckless. But this mess is due to Democrats and Republicans alike. Democrat presidents happily sign deficit spending bills. Republican presidents happily sign deficit spending bills.
It’s not a party thing. It’s a DC thing.
Fun fact: The last president to have a balanced budget each year was Calvin Coolidge.
AOC says there is still the whole universe out there for us to tax into joyous prosperity.
> Soon we can pay off all our debts with funny money. <
That’s my prediction, too. Congress simply will not adopt a sensible plan to rein in spending, and slowly pay off the debt. So the only way out is hyperinflation.
And there will be riots. Today’s Americans are not nearly as civil as the old Weimar Germans .
The Republicans are complicit.
What percent of that has gone into Nancy, Biden’s, etc. pockets?
There is a typo in the first sentence. The US GDP is $26 trillion, not $16 trillion ( which is about China’s GDP ).
OK, I’ll wait.
Sir, does this mean Ann Margaret’s not coming?
The United States GDP in 2023 was 27.4 Trillion dollars not 16 Trillion dollars as the article states.
He may be right on the rest of the article but when you start off with such an error its hard to take the author seriously.
"Our national debt now equals all the money in the world!"
Our national debt is based on unconstitutional federal government taxing and spending as a consequence of the very corrupt, post-17th Amendment ratification (popular voting for federal senators) Congress abusing its 16th Amendment powers (direct taxes). (The repealable 16th and 17th Amendments effectively repealed the Constitution imo.)
From related threads ...
It's actually up to us Democratic and Republican Trump supporters to initiate draining the swamp by supporting hopeful Trump 47 with a new, Constitution-respecting Congress in November, new state lawmakers and executives too, not only so that he won't be a lame duck president from the first day of his second term, the new Congress also supporting him to quickly finish draining the swamp.
"16th Amendment : The Congress shall have power to lay and collect taxes on incomes, from whatever source derived [emphasis added], without apportionment among the several States, and without regard to any census or enumeration."
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
The congressional record shows that Rep. John Bingham, a constitutional lawmaker, had clarified the federal government's constitutionally limited powers versus the 10th Amendment power of the states to serve the people as follows.
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
Illegals are indeed getting immediate Social Security, contrary to Democrat claims (7.11.24)
Democrats [and RINOs] Are Terrified Of An Educated And Informed Public (3.12.23)
Finally, let's not allow the anti-Trump media try to fade our memories of what we witnessed on July 13.
Down the Memory Hole: Google Hides Autocomplete Suggestions Related to Trump Assassination Attempt (7.28.24)
That’s just what moneychangers do, until we banish the Den of Vipers from society altogether, it will continue and the people will suffer.
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