US National Debt Clock

[Feuer Frei!]

Watch in real time:

http://www.usdebtclock.org/

[Gerald]

Cool site

[Red October1984]

Originally Posted by Vendor

Cool site

Yeah. It's cool for people who don't live in the US.

[u crank]

Originally Posted by Red October1984

Yeah. It's cool for people who don't live in the US.

Just so you won't get lonesome.

http://www.nationaldebtclocks.org/

[STEED]

At the moment of this post...

£1,192,321,o87,280
http://www.debtbombshell.com/


£1,151,321,465,069
http://www.nationaldebtclocks.org/de.../unitedkingdom


But this is not all the debt that has been factored in, back in 2010 £4.8 Trillion!!!

http://www.telegraph.co.uk/finance/e...8trillion.html


Paper money= I.O.U
That is a con that has gone on far to long.

[Skybird]

Making debts results from artificially inflating the paper money volume that is circulating. While the total amount of money is meaningless more or less (since more money circulating means prices compensate by going up, and less money circulating means prices go down), what really makes a difference is who gets the first grab of the new money that is created by the money printers. Because the prices need some time to go up while the additional money starts to saturate all levels of the hierarchical business and fiscal system. That means while prices stay the same, those who get additional money first can buy more stuff for a short while - with the additional money, but still old prices in place. The market yet has had no time to fully reflect the devaluing of money any money printing necessarily means. Over time, with the new money reaching lower and lower levels of the fiscal system and saturating it in full, prices move up, and at some time the buying side needs to pay more (numerically) for the same (now higher-priced) item, so that finally the additional money makes no difference anymore. But those who had the opportunity to use the new money first, really sacked in some real value that without the new money they would not have been able to afford.

That explains why printing new money never creates lasting benefiting effects for the wide economy, and the real value material businesses usually do not benefit from it. You cannot help private middle class business as a whole by printing money - by the time the new money has reached the middle class business, risen prices already have adopted to reflect the lesser value of money due to the fresh input of coins and notes into circulation. That'S the reason why I am not impressed by the economic numbers from the US. It's a foul deal, done on tic, and means no substantial improvement. Not by a wide margin.

In other words: inflation is a wanted phenomenon, and because it is wanted, states secured the money making monopoly for themselves and prohibited the value-covered currency (where you could not arbitrarily create new money as you please) and instead replaced it with uncovered, meaningless paper-money that in principle is nothing else but a debt bond without legal responsibility and legal claim, and that represents no value in itself. The wish to spend more than one had, the desire to thus push inflation, inspired the abandoning of value-covered currencies, and the prohibition of private coin making, and the enforcing of the state'S monopoly for debt-based paper money.

It's all a giant, huge trick - the biggest betrayal coup in the history of mankind.

Now ask yourself who usually are the first to benefit from fresh money printed, and who get to use it first. Any ideas...?

What it all is, in the end is only this: a giant redistribution process of material value from bottom to the top of the pyramid. This gets only partially compensated by the redistribution taking place at the same time in the social system: the claims and demands of the crowds for more state-provided services and benefits - that politicians are all to happy to promise and offer in return, especially in times before elections. It is a vicious circle of public demand and political promise, bribery and wanting-to-get-bribed.

Moral of the story: in our democratic states, politicians have no interest to really ever get out of the debt trap. It is in their interest to help debts going up, and to push inflation, because they are in bed with those at the top of the fiscal hierarchy benefiting first from every new printed fresh streams of banknotes.

Or have you never wondered why none of the freshly created money for all the bailouts and state budgets in recent years have reached the streets...?

That there still are so many people and decision-makers supporting the hopelessly flawed thinking of Keynes (for so very obvious opportunistic reasons that have nothing, absolutely nothing to do with economic reason and sense of responsibility) is one of the reasons why I see no reason to hope for an optimistic outcome for the mess we are in.

[Jimbuna]

Originally Posted by u crank

Just so you won't get lonesome.

http://www.nationaldebtclocks.org/

Now that is a nifty little site.

[Wolferz]

It's all fiat scrip anyhoo.

[mapuc]

When seeing those huge debt and reading Skybird's depressant post, I for one share Gene Roddenberry's dream- A future where there's no money at all

Markus

[soopaman2]

Then there will be no way for elites to be percieved as elites.

They might actually have to contribute something to society, rather than leeching.

Fiat currency is really a funny thing, as in the end, it really does mean nothing.

Unless the entire basis of your life is to accumulate this currency.

No better than the World of Warcraft (or any other MMO) Chinese Bot farmers. Just more destructive on a society.

I'll go back to barter, I have actual skills to offer. I would do fine.

[WernherVonTrapp]