US Debt clock - mind boggling numbers..

And then people wonder why I voted for Ron Paul...

*Rubs hands together*

Well let's stop whining about it and get to work on paying it. Both parties, well everyone in the country really, needs to pull their heads out of their backsides and stop living beyond our means.

There is a fundamental misunderstanding about our national debt.

First ask yourself this question....since we are our own country...and we invented our own money...we designed it....gave it a name and print it...why then, do we need to borrow money from other countries? ...especially when the Dollar is the reserve currency of the world?

The answer is...WE DON"T ACTUALLY BORROW MONEY FROM OTHER COUNTRIES.

We borrow our money from a privately owned company called the Federal Reserve. The only reason China or anyone else ownes shares of the USA is because the FedReserve decided to sell it to them...just another way for that company to make additional profit.

The intererst we owe on the national debt is paid directly to the Federal Reserve. Not foreign countires.

Why then, when the constitution quite clearly states that no third party entity shall manage the countries money...does a third party in fact control the money of the united states?

In a nutshell....its called a corrupt congress and corrupt wealthy families in cahoots with each other creating mutually beneficial laws so that the individuals in congress have an unlimited gravy train, and the wealthy families have the ability to create unlimited and unchecked sums of money for themselves.

Established in 1913...the Fed has never been audited...and has refused direct orders from some congressmen dozens upon dozens of times to show its books...that is until the summer of 2011...a partial audit...we discover that not have these private busienss men "lent" 15 trillion to the US...they have also created and lent an additional 16.5 trillion to other countries....private companies and even individuals...and all of that is above and beyond their personaal assets and holdings.

In other words....what is the unavoidable, eventual result from having the ability to create unlimited amounts of money ...for oh, say 100 years?

You will eventually own everything on the entire planet. In 1974 Congress did a study which concluded that the families that owned the federal reserve, owned 14% of the nations industry, agriculture and media.

I wonder what that number is today? ...especially since the amount of money in the world has risen massively and exponentially in just the last decade alone.

The Federal Reserve shouldnt even exist...it is a completely pointless operation. It is an unecessary middleman. The debt it has created is on paper only...it is not real. The interest it charges is an unecessary expense to the people.

It is, quite simply, the root cause of all our problems.

Does that clock have a SNOOZE button?

It truly is mind boggling. Hard to believe how much the US owes.

It really is crazy how much debt us Americans keep building up. If only we could adapt some of the key concepts the super rich have we would never have had this problem. Its the whole I need it now mindset that gets us in trouble.

I know...next year - everyone write off the national debt as a loss on your taxes ,- do that for three years - then start claiming the IRS as a dependent - then in a few years, claim it as an asset, but don't pay taxes on it...the IRS can claim unpaid fines as interest on income - it will all even out! :p :rolleyes: