America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)
Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day
Thats $60,000 debt for every man, woman and child in the country.
Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day
The debt ceiling matters little. This figure is constantly used as a tool to mislead others. Considering that the vast majority of this debt is owned by Americans themselves it makes little difference.
Still, a debt is a debt. And some get hits hard than other if it really blows up (US military retirement fund for instance, those people get hit double).
I think it is quite unbeleivable how fast the debt has grown from 1990+. Shouldn't they realize at some point that this is only leading to more debt?
I agree that it is just a matter of time before the current fiat system goes down.