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National Debt - To Whom Do We Owe?
- Thread starter Carmelbythecorn
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- national debt
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EvilBlackGun
Master
A large part of it ...
... is in the bonds issued by the Federal Reserve Private Bank System for sale to anyone stupid enough to buy them. A large portion of the rest of the debt is in obligations to pay YOUR S.S. retirement, YOUR Medicare, YOUR interest on the same debt. In your answers eventually will come the idea of protecting yourself by use of HARD ASSETS. Buy Gold, Silver, and Guns, and Groceries. Eventually their value will increase. Be ready to sell INSTANTLY if you can get a better price that your original price. NO-BODY is responsible for YOU more than YOU are.
... is in the bonds issued by the Federal Reserve Private Bank System for sale to anyone stupid enough to buy them. A large portion of the rest of the debt is in obligations to pay YOUR S.S. retirement, YOUR Medicare, YOUR interest on the same debt. In your answers eventually will come the idea of protecting yourself by use of HARD ASSETS. Buy Gold, Silver, and Guns, and Groceries. Eventually their value will increase. Be ready to sell INSTANTLY if you can get a better price that your original price. NO-BODY is responsible for YOU more than YOU are.
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^^^^^what he said^^^^^ kind of
Approx 70% is held by the FED itself, which is not owned by the American Public.
Who Owns The Federal Reserve?
Who owns the Fed?
Things that make you go Hmmmmmmm,
The banks that own the FED are the same banks that scream for "bail outs"
They print money when they want, with no oversight.
The Federal Reserve System needs to END!
Approx 70% is held by the FED itself, which is not owned by the American Public.
Who Owns The Federal Reserve?
Who owns the Fed?
Things that make you go Hmmmmmmm,
The banks that own the FED are the same banks that scream for "bail outs"
They print money when they want, with no oversight.
The Federal Reserve System needs to END!
SO... If we ended the Fed, would our National Debt be dramatically reduced as well?
Femme Assise
Plinker
- Jan 9, 2012
- 65
- 6
We owe money to many different foreign powers; however, I believe we owe the majority of our debt to China.
Kaiser is ahead of the game with the China comment. They grew too fast in recent years and potentially will be the next collapse. It will make the Euro concerns look like spilled milk and could take down both the US and EU. A global cluster **** would be the name of the game.
Undoing the Fed is a bit of a fantasy only because the roots are so broad and deep and the "holdings" are by the same who buy the politicians. I'm not saying it couldn't be done but people who start down this road either disappear or get assassinated. Also we can't easily go back to the gold standard, even if there is any goobermint gold left in the US. Please don't mention Fort Knox. It's empty.
And lastly and I've said it many times before, the number one issue related to all of this is HYPER INFLATION. It happens and has happened in other countries.
Now try to envision GLOBAL HYPER INFLATION. Sleep tight.
Undoing the Fed is a bit of a fantasy only because the roots are so broad and deep and the "holdings" are by the same who buy the politicians. I'm not saying it couldn't be done but people who start down this road either disappear or get assassinated. Also we can't easily go back to the gold standard, even if there is any goobermint gold left in the US. Please don't mention Fort Knox. It's empty.
And lastly and I've said it many times before, the number one issue related to all of this is HYPER INFLATION. It happens and has happened in other countries.
Now try to envision GLOBAL HYPER INFLATION. Sleep tight.
This is a weak area for me. Do we hold any of their debt? And if push came to shove, do we get to subtract their (any country, not necessarily China) debt to us from our debt to them? How does that work?
I dont know if we, as a Nation, hold any Chinese Debt, but I'm pretty sure that we send the a large amount more in "Aid" than they hold in US Treasury Bonds
That might be worse.
what are the chances, if it ever comes to it, that we politely remind them of that and let them know we consider the matter settled? Wishful thinking?I'm not sure you'll ever find anything concrete on that. As I'm not sure if that figure includes the interest fees or not, i suspect that it does not.
Additionally, I believe that the "Debt" as reported is made up of future liabilities that the .gov has promised to people, projections on payouts in SS, Medicaid/Medicare, etc.
It's an tangled mess that is intentionally made this way so it is nearly impossible for anyone to actually pin down an exact number and who is responsible for it.
The officially reported debt does not include future liabilities or unfunded mandates. As for payouts for medicare, SS, etc., they include only the near term, as I recall. The actual debt is well over $110 trillion now, when you factor the unfunded mandates, SS obligations, medicare/aid, etc. We and our children and grandchildren are screwed.
We need :bendover: and :yourscrewed: smileys. (if you can call them smileys)
Here's a happy graphic...
Arrow going out = money owed by that entity
Arrow coming in = money owed to that entity
Notice China isn't on here...we owe them even more than we do Japan
Arrow going out = money owed by that entity
Arrow coming in = money owed to that entity
Notice China isn't on here...we owe them even more than we do Japan
Lot's of misinformation in this topic.
Go to the horses mouth.
Foreign Debt Holders of the USA
China holds 1.1 trillion dollars of US debt...out of 16 trillion. Less than 7% of the total. About 25% of our total debt is to foreign countries.
Go to the horses mouth.
Foreign Debt Holders of the USA
China holds 1.1 trillion dollars of US debt...out of 16 trillion. Less than 7% of the total. About 25% of our total debt is to foreign countries.
WWIIIDefender
Expert
I don't know why it isn't as simple as telling the fed to go pound sand. I mean if you gave your local bank over a trillion dollars a year and have been giving them money for over 90 years wouldn't you have one fat savings account or surplus. Yes you would if it was a good bank. Why can't we just simply say you guys suck and were no longer banking with you.
There's an old saying:
If I owe you 1000 dollars, I have a problem.
If I owe you 100,000 dollars, YOU have a problem.
If we don't pay what we owe, it's the lenders who are hurt, not us.
On the other hand, if we don't pay what we owe, our debt is worth less as an investment, so it would get a lot more expensive to borrow.
If we renege on our debt, everything comes crashing down.
But if you want to know who really truly is in debt, it's not us. It's our children and our grandchildren. No matter how you choose to handle it, someone must pay the piper. It will be our kids.
If I owe you 1000 dollars, I have a problem.
If I owe you 100,000 dollars, YOU have a problem.
If we don't pay what we owe, it's the lenders who are hurt, not us.
On the other hand, if we don't pay what we owe, our debt is worth less as an investment, so it would get a lot more expensive to borrow.
If we renege on our debt, everything comes crashing down.
But if you want to know who really truly is in debt, it's not us. It's our children and our grandchildren. No matter how you choose to handle it, someone must pay the piper. It will be our kids.
