Ever wondered about the US Government Debt?

[Scotty72]

I agree with JM.

Having studied Chinese history and having many friends living across the Middle Kingdom. China is more likely to (in the short term) go to war with itself than the USofA.

Inflation (esp food) is rampant across many areas of China and they are starting to suffer the consequences of over-production and rapidly rising wages etc.

Now that over 55 million of them are going on overseas holidays / studying every year, the genie is out of the bottle. Chinese will demand social, economic and political reform as they get a taste of 'the good life'.

A very good friend of mine works in the Shenzhen stock exchange - she assures me the economic issues in China (mostly unequal wealth distribution and corruption) are huge.

Of course, it suits the xenophobic political discourse in Oz to play up fear of a militaristic China.

Scotty

[Chilli]

If you think the US is bad, it's far worse in many countries in Europe.

At least in the USA, they more or less tell the truth about their debts and budget,

[Chilli]

AA+ rating, not low enough.

http://www.youtube.com/watch?feature...&v=SgNLTb58K_Y

[Bennymiata]

S&P are the same people that rated the US mortgage bonds (the ones that started GFC) as being AAA too, so I wouldn't trust them very much.

Many people owe more than they earn.
Take an average worker that earns say $50K a year taking out a $300K mortgage.

[Phil777]

Thanks Rick for a great presentation. Perhaps you could have used the reverse side of the US one dollar note with the pyramid on it.

You also show the Statue of Liberty and the Twin Towers of the WTC. The Statue of Liberty was a gift from French Freemasonry.

If you line up the Statue with the twin towers you will find that the UN buildings and plaza are in direct alignment.

There are 13 levels on the pyramid (plus an all seeing eye hovering at the top), 13,000 watts on the torch and 13 million square feet of office space in the WTC. Wow - lotta 13's there!

In the Bible 13 stands for sin and rebellion against God.

Can the US pay back its debt?

I see that the UN has been calling for a new global currency to replace all the different ones around. (Global currency = global government?)

Where is all this going?

[ricktas]

Thanks Rick for a great presentation. Perhaps you could have used the reverse side of the US one dollar note with the pyramid on it.

You also show the Statue of Liberty and the Twin Towers of the WTC. The Statue of Liberty was a gift from French Freemasonry.

If you line up the Statue with the twin towers you will find that the UN buildings and plaza are in direct alignment.

There are 13 levels on the pyramid (plus an all seeing eye hovering at the top), 13,000 watts on the torch and 13 million square feet of office space in the WTC. Wow - lotta 13's there!

In the Bible 13 stands for sin and rebellion against God.

Can the US pay back its debt?

I see that the UN has been calling for a new global currency to replace all the different ones around. (Global currency = global government?)

Where is all this going?

The bible you mention is the King James version (most common version used in the world today). This version was created between 1604 and 1611. The references to 13 are there for all to see, but they were created by MAN. Friday the 13th came about (and thus the issue of 13 being bad) cause it was a Friday and a 13th when the Catholic Church in 1307 rounded up the Knights Templar and destroyed their Order. Up till that time the Templar were an ingrained part of European Infrastructure and Society (they started the first Banks) The number 13 thus became known as being associated with something bad, but this was caused by the Church, not a higher entity.

The UN haven't been calling for a global currency as such. It has been suggested that we need an independent currency for trade between countries. At present the USD is the preferred currency for international trade. The UN (and particularly Russia, Brazil and a few others) want a new currency, not associated with any one country to become the currency for international trade. It is not being touted as a replacement for all the currencies of the world, but rather in addition to them.

[neil70]

what would happen if china and the other debtors of the usa came calling for there money??

[JM Tran]

what would happen if china and the other debtors of the usa came calling for there money??

that would spark a massive upheaval in the US and world markets most likely leading into another GFC.

same dreaded scenario when Japan - one of the largest overseas and US investors will come calling - if and when they suffer from another monumental disaster such as a major earthquake in Tokyo, which will make the recent tsunami and earthquake disaster pale in comparison. Thats pretty much the big nightmare facing a lot of people.

[Scotty72]

Then again, if the US defaults, then:

China suddenly loses $1,000,000,000,000 + ;
China's largest customer suddenly has much less money to buy Chinese 'stuff';
China's economy falls through the toilet and Australia's biggest customer stops buying our dirt.

Me thinks that China and the US are both in the same dilemna : if (or is it when) the US defaults, both are stuffed.

And much of the rest of the world will be stuffed too

[Phil777]

The bible you mention is the King James version (most common version used in the world today). This version was created between 1604 and 1611. The references to 13 are there for all to see, but they were created by MAN. Friday the 13th came about (and thus the issue of 13 being bad) cause it was a Friday and a 13th when the Catholic Church in 1307 rounded up the Knights Templar and destroyed their Order. Up till that time the Templar were an ingrained part of European Infrastructure and Society (they started the first Banks) The number 13 thus became known as being associated with something bad, but this was caused by the Church, not a higher entity.

The UN haven't been calling for a global currency as such. It has been suggested that we need an independent currency for trade between countries. At present the USD is the preferred currency for international trade. The UN (and particularly Russia, Brazil and a few others) want a new currency, not associated with any one country to become the currency for international trade. It is not being touted as a replacement for all the currencies of the world, but rather in addition to them.

Most Christian scholars believe that the Bible (original Greek and Hebrew text) was created by man but inspired by the Holy Spirit.

For instance the Greek gematria for Revelation 12:9...'The great dragon was cast out, that old serpent, called the Devil and Satan.'
is 2,197 or 13x13x13.

The author of sin, satan, is branded by God with his own trademark.
Look at some of his titles.
Dragon. It occurs exactly 13 times and its gematria is 975 - 75 x 13
Tempter. Gematria 1053, 81 x 13
Belial. Gematria 78, 6 x 13
Murderer. Gematria 1,820, 140 x 13
Serpent. Gematria 780, 60 x 13.

Getting back to money might I suggest you don't put your trust in money. It is just a piece of paper.
Or now it is more likely just some bits on a computer.

And remember Revelation 13:17 (KJV) "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name"

Isn't it true that we see regularly on our TV news that more and more selling and buying is taking place via the internet?

[Phil777]

And, quoting Paul McGuire,
"The invisible elite who control America, the U.K. and Europe can use economic collapse to bring in their one world currency and one world economic system. The recent "fake debate," in Washington D.C. regarding the debt ceiling and the budget, basically exposed the fact that, both political parties are controlled by the international bankers. A non-Constitutional Super Congress was put together with 6 Republicans and 6 Democrats, who have already agreed on the program, to put together a deal with the President. Anyone who did not agree, such as fiscal conservatives were, not allowed to join the Super Congress. A Council of 13, including the President will make the decisions for us in secret meetings.

The Congress voted to give over our entire economic system to international bankers, when they voted late Christmas Eve for the Federal Reserve Act in 1913. The Super Congress will also meet late Christmas Eve, when the American people are not paying attention. These "deals' are always done in secret and in the darkness." - End quote. (Note:- 1913)

Note also that the Parliamentary Committee that investigated the Murdochs and their News of the World phone hacking scandal in London comprised 12 plus a chairman, making 13.

[Kym]

Mel Gibson was on TV last night in the movie... Conspiracy Theory !

But was that coincidence or a conspiracy?

[bobt]

International economics is a complex jigsaw, and I don't pretend to fully understand how the various currencies and governments interact and bring us to this point of potential meltdown. There are however two fundamental factors that appear to be reasonably predictable when you adopt a simplistic overview of where the world now finds itself.

The first is that historically civilisations have produced empires, and these have grown into powerful entities which inevitably have imploded. The US would appear to be another one of these empires which is reaching critical mass. The second observation is even more basic. Any economic system must balance its income with its expenditure whether it be a family or a nation. So many nations simply ignore this basic principle, and thus we find Greece, Italy, France, the US, Spain and others suddenly coming to the realisation that they have been living beyond their means. Most of us recognise that fundamental fiscal approach in our own households at a much earlier stage. I am constantly amazed at the manner in which so many people and countries just ignore this fundamental principle.

It simply reinforces one of my favourite sayings ....... "The main thing we learn from history is that we don't learn from history."

[Scotty72]

Gee! And some people thought my question about the census was 'out there'

Rather than men in dark suits pulling magic levers that trigger economic armageddon in order to take over the world - perhaps we can blame our tendency towards material greed.

We all don't wanna pay taxes but, expect govt to pay for more and more. It seems that the US and Greece are becoming the poster boys for this sort of mad thinking. Yes, even more than Australia.

[Scotty72]

Note also that the Parliamentary Committee that investigated the Murdochs and their News of the World phone hacking scandal in London comprised 12 plus a chairman, making 13.

OMG! jury trials...
12 in the jury PLUS 1 judge

13.

Trials are a conspiracy to take over the government.

[Phil777]

OMG! jury trials...
12 in the jury PLUS 1 judge

13.

Trials are a conspiracy to take over the government.

But you omitted to mention the 13-man Super Congress in the US which adds a second group of 13 involved in government.

Both of these happened within about 18 days of each other as well.

Keep tuned and see what happens next.

[Steve Axford]

Gee! And some people thought my question about the census was 'out there'

Rather than men in dark suits pulling magic levers that trigger economic armageddon in order to take over the world - perhaps we can blame our tendency towards material greed.

We all don't wanna pay taxes but, expect govt to pay for more and more. It seems that the US and Greece are becoming the poster boys for this sort of mad thinking. Yes, even more than Australia.

I must admit that it pales when compared to some stuff. Some things are hard to comment on.