Tuesday, June 07, 2011

How Bad Is It?

The U.S. Owes $62 Trillion in Financial Obligations

"The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.

Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling."

The psychos will keep this up, going deeper into debt and printing trillions in worthless paper currency until the game completely crashes around our ears. They've looted the treasury, stolen all the gold in Fort Knox and under the current rules have impoverished future generations for decades.
But it doesn't matter to our deranged overlords because total war is planned to finalize their global takeover. To them all finance has to be conducted through worldwide Rothschild banking after recalcitrant nations are subdued, and to those deeply sick reptiles an irradiated earth with a depopulated, starving, desperate and sick, easily managed rabble has been their wet dream for a long, long time.
Ever wonder why decisions at the highest levels have been so insane to normal people? It's because they have a totally different view of the future than you and me.


Anonymous Anonymous said...

Yeah Nolo, this is just another news clip that shows that the end or the decommission of all monies as we know it. You should do a piece on the Titanic, the symbolisim is perfect for our US issues.

9/6/11 8:16 PM  

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