Last month I had a look at the national debt for the US. I decided to write it down. So how is it travelling........ 25/02/2013 - $16,581,554,000,000 28/03/2013 - $16,748,106,000,000 That's an increase of $5,047,030,303 Billion per day. Would like to know what others think about this???
Don't see a problem. Thats only an additional $1.84 Trillion a year given the Global GDP is $70 Trillion. 25% of Global GDP. Well done Benny and the Boys. Looks like Ben has still alot more printing to do. Cheers markcoinoz :lol:
Too bad is the fact that they're actually limiting cash transactions: Russia, France, Eastern European countries. I'm more afraid of digital currency than of paper hyperinflated fiat! If we'd end up like Zimbabwe, it won't be the worst case scenario. I am far more worried about cash transaction limitations. Because: *if they limit cash transactions, it will be a lot harder to buy anything with cash - but of course, we all know that holding money in the banks is not a good idea *there's a withdrawal fever now, because of the Cyprus crisis - but they might try limiting the usage of cash in order to force us back to digital money: cards, deposits... *if we stack precious metals, what will we do if we won't be able to exchange them for money (if they limit cash transactions)? *the limitation of cash transactions might actually point out to encouraging the usage of more fiat - new, digital fiat money ahead? The Zimbabwe scenario is still better than cash limitation!
That's outrageous, the yanks should fully implement their constitution and put all responsible for this flagrant debasement on trial for treason. It's going to end badly in America, many people will be suffering in the streets while the white collar criminals get away scot free, enjoying their ill gotten wealth.
