Interest on Federal Debt Hit $104B in First Half of FY2012—Despite Low Interest Rates

[Dammy]

http://cnsnews.com/news/article/int...-first-half-fy2012-despite-low-interest-rates

Imagine what the payments would be if we were paying real world interest rates of 5% on 2016's debt:

http://usdebtclock.org/cbo-omb-gop-budget-estimates.html

$20T x 5% = $1T in annual interest payments unless the US Fed buys US Debt (as they have been doing) to keep the interest rates low which generates inflation aimed at the poor. The US is in a death spiral, Americans better prepare for survival for five or so years of economic hell that 50%-100% inflation brings until the US defaults. Then it'll be six months of living in a third world country until POTUS/Congress decides if we are going to have liberty or socialism/marxism.

 

[faethor]

An immidate recind of all policies before Bush, heck I'd roll back to pre-Reagan Era, would go a long way.

 

[Dammy]

An immidate recind of all policies before Bush, heck I'd roll back to pre-Reagan Era, would go a long way.

We don't have to go that far back, just to when the GOP controlled Congress under Clinton. But take a look the hell Congressman Paul Ryan is getting for trying to gently (taking far too long of a time period to do it) bring us back to a balanced budget by 2022. Budget cuts have to be deep and ugly for America to survive this upcoming financial and currency cataclysm, which I have doubts Americans have the will power to achieve it.

 

[FluffyMcDeath]

http://cnsnews.com/news/article/int...-first-half-fy2012-despite-low-interest-rates

Imagine what the payments would be if we were paying real world interest rates of 5% on 2016's debt:

1) There is nothing real world about any interest rate. all interest rates are a fiction.
2) The rules finance are not laws of nature but a set of agreements between people. When it looks like the rules of the game are not producing a good result then the rules can be changed - just as in sports or the law. It's just that the people who are making the rules and the people who are gaining power from those rules are the same people. If the population of any country decided, en mass, to switch to a different medium of economic exchange then the current rulers would have great difficulty maintaining their lifestyle.

 

[Dammy]

1) There is nothing real world about any interest rate. all interest rates are a fiction.
2) The rules finance are not laws of nature but a set of agreements between people. When it looks like the rules of the game are not producing a good result then the rules can be changed - just as in sports or the law. It's just that the people who are making the rules and the people who are gaining power from those rules are the same people. If the population of any country decided, en mass, to switch to a different medium of economic exchange then the current rulers would have great difficulty maintaining their lifestyle.

That is what this is all about, changing the world's reserve to a private currency in order to maintain control over all countries. To quote Mayer Rothschild (1790), "Let me issue and control a nation's money and I care not who makes it's laws."

http://usdebtclock.org/money-history/money-timeline1100-1791.html