categoryMenu_new
 
  Home
  EXTRAORDINARY AH Teaching from Spiritual Hierarchy
  AbundantHope
  NEW READERS! Read Here First
  Supporting AH
  Leadership of AbundantHope
  Announcements
  Regional AH Sites
  Other Sites with AH material
  Contact Us
  Becoming A Messiah
  OUR PUBLIC FORUM IS OPEN TOO ALL
  Mission Ideas
  System Busting
  Cleric Letter/English
  Translations of Cleric Letter
  AH Member Writings
  Candace
  Ron
  Rosie
  Jess
  Brian's Poetry
  James
  Giuseppe
  Esteban
  Telepathic Messages
  Candace
  Jess Anthony
  Vince
  Leonette
  John
  Adam
  Bela
  Joyce
  Hazel
  Kibo
  Peter
  Rosie
  Johan
  Lucia
  Lucia G
  Rubens
  Shellee-Kim
  Ben
  Dorothea
  Solon
  Others
  Targeted Messages
  Hano
  Light Flower
  Changing The Face Of Religion
  - Phoenix Journals - PDF in German
  Candace on Religion
  Other Spiritual Pieces
  Spiritual Nuggets by the Masters
  Phoenix Journals
  Phoenix Journals - PDF
  Telepathic Messages PDF books
  Selections from the Urantia Book
  Illustrations For The Urantia Book
  CMGSN Pieces
  THE WAVE
  Environment/Science
  David Crayford and the ITC
  Health and Nutrition
  Podcasts, Radio Shows, Video by AH
  Political Information
  True US History
  Human/Animal Rights
  The Miracle That Is Me
  Education
  Resources
  911 Material
  Books - eBooks
  government email/phone #'s
  Self Reliance
  Video
  Websites
  Alternative News Sources
  Art and Music
  Foreign Sites
  Health and Healing
  Human/Animal Rights
  Scientific
  Spiritual
  Vegan Recipes
  Translated Material
  Dutch
  Gekanaliseerde berichten Jess
  Gekanaliseerde berichten Candace
  Gekanaliseerde berichten Anderen
  Artikelen/berichten
  French
  Canal Jess
  Par Candace
  Other Channels
  Articles
  German
  Telepathische Nachrichten (Candace)
  Telepathische Nachrichten (Jess)
  Telepathische Nachrichten (div.)
  AH Mitgliederbeiträge (Candace)
  AH Mitgliederbeiträge (Jess)
  Spirituelle Schätze
  Italian
  Translations - Candace
  Translations - Jess
  Translations - Others
  Portuguese
  by Candace
  By Jess
  By Others
  Spanish
  Anfitriones Divinos
  Bitácoras Fénix
  Creadores-de-Alas (WingMakers/Lyricus)
  Escritos de Candace
  Escritos de Otros
  Monjoronsón
  Telemensajes de Candace
  Telemensajes de Jess Anthony
  Telemensajes de Otros
  Chinese
  By Candace
  By Jess
  By Others
  Korean Translations
  Hungarian Translations
  Swedish Translations

Search
[an error occurred while processing this directive]
Political Information : True US History Last Updated: Sep 15, 2019 - 4:18:26 AM


U.S. Debt Could Be 2,000% Of GDP: A $400 Trillion Nightmare
By Mac Slavo with comments by Ron
Sep 14, 2019 - 6:16:47 PM

Email this article
 Printer friendly page Share/Bookmark

https://www.activistpost.com/2019/09/u-s-debt-could-be-2000-of-gdp-a-400-trillion-nightmare.html

A new report has said that the real United States national debt could be well over what politicians tell us it is.  At a whopping $400 trillion, the U.S. debt would be 2,000% of GDP (gross domestic product) according to new calculations that include the federal government, state, local, financial, and so-called entitlement debt.

[Ron: So what?! The so-called US national debt and ALL debts created by the usurious Federal Reserve System in the US has been created by a gigantic fraud perpetrated upon the US nation by a cabal of private corporate banksters using bribed and blackmailed gentile politicians. This has been done by traitorous US politicians enacting fraudulent criminal legislation and pretending that the US government and population must pay private corporate banksters for fiat debt tokens falsely called money which are created out of thin air by keystrokes on computers and then ostensibly LENT to the US government and USans. The process is absurd as well as criminal. This sham involves US federal government's allowing the Federal Reserve System (the Fed), a private, foreign owned banking corporation, to create FAUX "money" which US governments pretend is real money for which interest must be paid to The Fed, ie to private foreign banksters.

Not only is this process a sham but the fraud on the nation is compounded by the US Federal government requiring the entire population of the US to accept and exclusively borrow and use the said fiat debt tokens created by commercial banks authorised by the Fed to issue them. Moreover, these fiat debt tokens are only "created"AFTER borrowers have pledged their credit to enable commercial banks to type agreed borrowed amount(s) into borrowers' accounts. The clincher for this criminal enterprise is that the US Federal government used its exclusive right to exercise force and violence to make all USans accept and use the FAUX "money" (currency) created by The Fed and the commercial banks it authorises to distribute its FAUX money.

This PONZI scheme is on its last legs and will soon collapse. The Trump Administration is seeking to keep the system going until The Fed's interest rates are reduced to zero whereat it will be allowed to collapse and to be replaced by genuine US gold backed usury free money. This process will presumably be accompanied by a debt Jubilee and a global monetary RESET.].

 

AB Bernstein, a global asset management firm based on Wall Street, came up with these figures by including in its analysis not only traditional levels of public debt, such as bonds but also financial debt as well as future obligations for entitlement programs, according to a report by CNBC.These include social security, Medicare and public pensions and are often left out of the discussion.  They are unfunded liabilities, however, and should be included if we're to get an appropriate understanding of the government's mishandling of [Ron: Fed issued fiat debt tokens falsely called] money.

In its report, AB Bernstein took debt from a number of sources and compared it to GDP. Using this methodology, federal, state and local government debt combined amounted to 100 percent of GDP. Households and firms accounted for 150 percent, while debt held by financial firms came to 450 percent. Another 27 percent came from trusts for social insurance programs, 484 percent from promises under current social insurance programs, and 633 percent from obligations for social programs. The total debt, therefore, amounted to 1,832 percent. -RT

"US debt is large. And it's growing. But if we want to think about debt problems (in any sector - sovereign, households, firms or financials), the conditions rather than the levels are more significant," Philipp Carlsson-Szlezak, chief US economist at AB Bernstein, said in the report. "While the picture is dire, such numbers don't prove we are doomed or that a debt crisis is inevitable," he said.

Changes can be made in accounting or in policy that could lower that number.  But even then, there's only so low it can actually go.  Anyone with even a partial understanding of the national debt can see that it will never be paid back and those who are depending on future money (pensioners and Social Security recipients) will one day find themselves in a pretty bad situation.

The total federal outstanding U.S. debt has recently jumped to $22.5 trillion, or about 106 percent of GDP, CNBC reported. Without the intergovernmental obligations, debt held by the public amounts to $16.7 trillion, or 78 percent of GDP.

Carlsson-Szlezak noted in the report, however, that different debt carries different risks and its impact on individual parts of the economy would vary. "A default on US treasury bonds would be catastrophic to the global economy - whereas changes in policy (while painful for those whose future benefits were diminished) would barely register on the economic horizon," he stated.

[Ron: Yabba, yabba, rabbinical bullshit yabba.].

[Colour fonts, bolding and comments in square brackets added.].

This article was sourced from SHTFPlan.com

Subscribe to Activist Post for truth, peace, and freedom news. Follow us on MindsTwitter,Steemit, and SoMee. Become an Activist Post Patron for as little as $1 per month.




All writings by members of AbundantHope are copyrighted by
©2005-2019 AbundantHope - All rights reserved

Detailed explanation of AbundantHope's Copyrights are found here


Top of Page

True US History
Latest Headlines
“Queen Of Warmongers” And “Prime Minister Black Face” Blamed For Fast Erupting Global Revolt
Atheists Call for Establishing Atheism as the National Religion
WAIT A MINUTE!… If Crowdstrike Didn’t Determine ‘Russians’ Hacked DNC/Hillary’s Emails Until June, How Did Downer Know It Was the ‘Russians’ in May?
Top Hillary Clinton US Navy Admiral Warned Preparing “JFK Head Shot Execution” Of President Trump
Tucker on Warren's warning about two-income families
Child Predation Services of Arizona
The 16th Amendment: How the U.S. Federal Income Tax Became D.C.’s Favorite Political Weapon
Impeachment: Crisis Of The Constitution….And The Nation
US Prepares After Feared Ancient Virus That Wiped Out Woolly Mammoths Unleashes Global Pandemic
South Korean National and Hundreds of Others Charged Worldwide in the Takedown of the Largest Darknet Child Pornography Website, Which was Funded by Bitcoin
One Big Reason Why America Is Driving Itself Bat$hit Crazy
President Trump’s First 1,000 Days: In Spite of Constant Harassment from Deep State and Dems, President’s Accomplishments are Historic, If Not Miraculous!
What Did AG Bill Barr Find in Australia on the Obama Spygate Scandal?
Swamp Creatures of the Pacific
SerialBrain2: The Whistleblower: a C_A operation planned and ordered by HUSSEIN. Pt. 1
Canada Grants Obama Political Asylum As World Turns Upside Down
Scientist-Behind-The-Navy-s-UFO-Patents-Has-Now-Filed-One-For-A-Compact-Fusion-Reactor
Trump Drops Turkey Sanctions After US Soldiers Flee For Lives From Their Own Forces In Syria
TRUMP AND PUTIN SAVED SYRIA
Impeachment Coming Apart, WB Revealed?, [DS] Is Trapped - Episode 1993b