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RE: The single greatest transfer of wealth is about to take place, will you be apart of it?

in #money8 years ago (edited)

Statistics the government would rather you didn't know
The U.S. government spent over 454 billion dollars just on interest on the national debt during fiscal 2011.

In 2011, the government borrowed $41,000 every second.

Currently, the government’s burden is growing by $10 million per each passing minute
During the Obama administration alone, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

Currently the U.S. monetary base is sitting somewhere around 2.7 trillion dollars. So if you went out and gathered all of that paper money up it would only make a small dent in our national debt. And, afterward there would be no currency for anyone to use.

The United States government is responsible for more than a third of all the government debt on the entire planet.

Mandatory federal spending surpassed total federal revenue for the first time ever in fiscal 2011. That was not anticipated to happen until 50 years from now.
If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion each and every year.

The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was created back in 1913.

Hopefully at this point you’re starting to realize how big our debt is and how fast it’s growing.

Shockingly, our government’s biggest liabilities are not even shown here, so this is just the tip of the iceberg.