"It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently."
Give the man two more years and he's right on pace to double the debt in 8 years and destroy the economy all at the same time. That's quite a feat. It appears to me potus is living his dream. He's taking down America from the inside out and leaving it in ruins. It must be a tough job trying to destroy the worlds greatest democracy and turning it into a socialist shitbin.
One would think that with $10 trillion spent we'd have no homeless, no one on food stamps, welfare would be minimized, healthcare would be free, jobs for everyone and many other wonderful things would have been accomplished. Wait, that sounds like every broken promise from his original hope and change campaign.
Instead the money has disappeared into the Federal Reserve and the banking system. Instead of a period of great prosperity, we're in economic hell. Never mind the $18 trillion in debt, maybe we should worry more about the $115,742,059,000.00 in unfunded liabilities we owe. (that's in trillions again)
Simple math folks. We can never pay off our debts, we can barely afford the minimal payments on just the interest and if interest rates rise at all we're busted. Simple math. We are that close to complete financial meltdown and sadly the only course of action left is to keep on printing.
Well, there is another course. Did you know that there is $18 trillion in retirement savings in America's coffers? Hmmm, $18 trillion, that would be just enough to pay off ..... Yup, capital controls, confiscation of wealth, the US Retirement system is about to be raided. All for the good of the country.
Obummer's the right man for the job. A heartless bonehead socialist that would love nothing more than to take all your hard earned savings and redistribute it evenly across all of America. Now that is only one way this can happen, and that requires my "event" and a war which both are being setup like bowling pins right now.
Here the markets sit near all time highs and look around you at the glaring despair and waste. The market is nothing more than a great illusion, the ultimate propagandist tool to keep us all in our place till the final collapse.
We discuss oil, gold, silver, dollar enough for you to know what's going on. I'll reiterate again, take your profits all the way out of the system, all the way out of the dollar if you want to protect a portion of your wealth. I still contend that 10% of your assets in physical gold will insulate your wealth 100%. Yes, I think gold will rise that much. They have two years under the current potus to get this done. that's your window and it is closing rapidly.
On to the lie -
BP SPX -
Index comparison - See The World's Largest Stock Market Index Is Flashing Red
SPX Monthly - End game.
More to come below.
Have a good day.
GL and GB!