U.S. Added More Debt on Oct 1 Than From 1776 Through Pearl

Discussion in 'Markets & Economies' started by CriticalSilver, Oct 6, 2012.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    CriticalSilver, Oct 6, 2012
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  2. thatguy

    thatguy Active Member

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    Learn what a quadrillion is... it's going to enter common vocab sooner rather then later
     
    thatguy, Oct 6, 2012
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  3. renovator

    renovator Well-Known Member

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    i think googol will come into it in a few years also .....for those that dont know its a 1 with one hundred zeros after it .
     
    renovator, Oct 6, 2012
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  4. errol43

    errol43 New Member Silver Stacker

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    The US Fed will just have to keep that interest rate at 0% or they will never be able to pay the interest on the 16 trillion$++++.

    Regards Errol 43
     
    errol43, Oct 6, 2012
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  5. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    That's spot on! And just the thing Rick Santelli was saying on Kingworldnews.com. To paraphrase; as soon as the economy starts to look healthy, interest rates will rise and kill it.

    So, it's either going to be a crisis driven reset, or central planning, statist intervention up the wazoo ... Where they never have troubles, at least very few.
     
    CriticalSilver, Oct 6, 2012
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  6. iceblue

    iceblue Well-Known Member

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    Even at 0% they will never pay it back. Even at 100% employment they will never pay it back. Generation after generation will not be able to pay it back.
    The USA government was last in the Black when???
    Can someone remind me of how this debt is backed?
     
    iceblue, Oct 6, 2012
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  7. atmidnight

    atmidnight New Member

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    they can pay it back
    all they need is double digit growth for the next 75 years

    haha forgot who said that
     
    atmidnight, Oct 7, 2012
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