Ever since we went to fiat money in 1970 and the world followed in 1975, it was the beginning of the end. They know fiat currencies always fail in time. No one stopped this. No one stopped our slide to socialism. All politics failed us. This is why the election on one hand is the most significant election in American history and yet the outcome does not matter, because it is already too late. All this will do is just bring more division, hate, conflict and chaos.
If all of this wasn't frightening enough, the US dollar is teetering on the brink of destruction. More nations are joining the BRICS alliance and ditching the dollar as the world's trade currency. If you think inflation is bad now, just wait until all of that fiat money pours back into our country.
But as long as KJP gets up to the podium and spews her nonsense about what a great job Biden has done, most people think we are doing just fine. You just can't fix stupid.
As you know, the U.S. national debt has grown by $6.25 trillion since Joe Biden entered the White House. It took the first 225 years of U.S. history for the U.S. national debt to reach the $6 trillion mark, and now we have added more than $6 trillion to the debt in less than 3 years.
This public debt as a drag on the economy is measured in "Debt-to-GDP". As of 03 Jan 2024, the US national Debt-to-GDP ratio for 2023 is not yet available. However, in 2022, the US recorded a Government Debt-to-GDP ratio of 129%, (one-hundred, twenty-nine percent) of the country's Gross Domestic Product. The Government Debt-to-GDP ratio is important because investors worry about default when the ratio is greater than 90%, which is the tipping point according generally accepted economic theory. The Debt-to-GDP ratio is a better indicator of a country's fiscal situation than just the national debt number because it shows the burden of debt relative to the country's total economic output and therefore the country's ability to repay it. The US Debt-to-GDP ratio surpassed 100% in 2013, when both debt and GDP were approximately 16.7 trillion.
Another key metric is "Deficit-to-GDP", which is presently dangerously unacceptable @ >6% and growing. See this excellent Tucker Carlson content for illumination on how poorly the US Government and the Federal Reserve are managing our economy and federal budget:
This is indeed frightening when you consider that the planet will be under the control of Satan, Apollyon and the rest of the fallen angels during the last 42 months of the 7-year tribulation period.
Donald Trump raised it by nearly $8 billion. Why didn't he get a mention since that's far worse? https://www.propublica.org/article/national-debt-trump The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
So you're saying 8 billion is worse than 6.25 trillion? You may want to check your zeros. You do remember that he was dealing with something you like to call a pandemic, right?
Ever since we went to fiat money in 1970 and the world followed in 1975, it was the beginning of the end. They know fiat currencies always fail in time. No one stopped this. No one stopped our slide to socialism. All politics failed us. This is why the election on one hand is the most significant election in American history and yet the outcome does not matter, because it is already too late. All this will do is just bring more division, hate, conflict and chaos.
Proverbs 22:7 KJV
The rich ruleth over the poor, and the borrower is servant to the lender.
If all of this wasn't frightening enough, the US dollar is teetering on the brink of destruction. More nations are joining the BRICS alliance and ditching the dollar as the world's trade currency. If you think inflation is bad now, just wait until all of that fiat money pours back into our country.
But as long as KJP gets up to the podium and spews her nonsense about what a great job Biden has done, most people think we are doing just fine. You just can't fix stupid.
As you know, the U.S. national debt has grown by $6.25 trillion since Joe Biden entered the White House. It took the first 225 years of U.S. history for the U.S. national debt to reach the $6 trillion mark, and now we have added more than $6 trillion to the debt in less than 3 years.
This public debt as a drag on the economy is measured in "Debt-to-GDP". As of 03 Jan 2024, the US national Debt-to-GDP ratio for 2023 is not yet available. However, in 2022, the US recorded a Government Debt-to-GDP ratio of 129%, (one-hundred, twenty-nine percent) of the country's Gross Domestic Product. The Government Debt-to-GDP ratio is important because investors worry about default when the ratio is greater than 90%, which is the tipping point according generally accepted economic theory. The Debt-to-GDP ratio is a better indicator of a country's fiscal situation than just the national debt number because it shows the burden of debt relative to the country's total economic output and therefore the country's ability to repay it. The US Debt-to-GDP ratio surpassed 100% in 2013, when both debt and GDP were approximately 16.7 trillion.
Another key metric is "Deficit-to-GDP", which is presently dangerously unacceptable @ >6% and growing. See this excellent Tucker Carlson content for illumination on how poorly the US Government and the Federal Reserve are managing our economy and federal budget:
https://tuckercarlson.com/uncensored-thefed-biden-economicchaos/
What does it mean "Printing Money?"
Who or which agency prints $$$ for the Nation ?
This is indeed frightening when you consider that the planet will be under the control of Satan, Apollyon and the rest of the fallen angels during the last 42 months of the 7-year tribulation period.
Donald Trump raised it by nearly $8 billion. Why didn't he get a mention since that's far worse? https://www.propublica.org/article/national-debt-trump The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
And "Chucky"? Michael "Snide" is your new name.
So you're saying 8 billion is worse than 6.25 trillion? You may want to check your zeros. You do remember that he was dealing with something you like to call a pandemic, right?
Right On! I saw that too.
Is this a legal description of Odious
Debt ?