It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution.
What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. And the U.S. government would still be massively in debt. So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?
Well, for one very simple reason. That is not the way our system works. So why doesn't it exist? The euro crisis will give Germany the empire it’s always dreamed of. Angela Merkel greets Nicolas Sarkozy in Berlin, July 20 (Photo: AFP) Many of the biggest losers from the Wall Street Crash were not those greedy speculators who bought at the very top of the market.
There was also a category of investor who recognised that stocks had become badly overvalued, sold their shares in the summer or autumn of 1928, then waited patiently as the market surged onwards to ever more improbable highs. When the crash came in October 1929, they felt thoroughly vindicated, and waited for the dust to settle. The following spring, when share prices had consolidated at around a third lower than the all-time high reached the previous year, they reinvested the family savings, probably feeling a bit smug. Then, on April 17, 1930, the market embarked on a second and even more shattering period of decline, by the end of which shares were worth barely 10 per cent of their value at their peak. So we live in a very troubling period. Illegal Aliens Returning To Mexico In Search Of A Better Life! Economic Collapse a Mathematical Certainty - Top 5 Places Where Not To Be China begs the US to save the dollar.
Published time: July 20, 2011 19:24 Edited time: July 21, 2011 00:58 China is pressuring Congress to take action before the US economy is driven to default China has a pretty big question for US lawmakers: What the hell are you doing?
With concerns amounting regarding the decline of the American dollar, China is pressuring Congress to take action before the US economy is driven to default. As the biggest holder of US Treasury debt, China stands to be massively impacted if the debt ceiling isn’t raised which could lead to grave global consequences. In a statement published on their website, the State Administration of Foreign Exchange writes, "We hope the US government will take responsible policies and measures to boost global financial market confidence and respect and protect the interests of investors.”
As of April of this year, China held around $1.15 trillion in Treasury debt, making it the largest creditor of the States. $78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming? U.S. dollar could 'collapse': UN. The Economic Collapse.
US Economic Tsunami