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US Federal Debt Hits 19 Trillion

US Federal Debt Hits 19 Trillion

US Federal Debt Hits 19 Trillion

U.S. Federal Debt Hits $19 Trillion.Congratulations to the “Demicans” and Republicrats” and of course to the Fed, the present executive branch, congress and the elitists towards a global financial reset. The United States, the largest debtor nation in the world has just reached $19 Trillion and counting. Approximately every thirty seconds the Federal Debt rises by another $1 Million U.S. dollars. Economists, mathematicians and history tells us this will not have a good ending.

Debt Based System

This means of a fractional reserve debt system controlled by a private for profit corporation has not worked out too well for the American people and thus the world to a greater or lesser extent. I mean we do not have a more stable monetary financial system at all. What we have is a debt based monetary system no longer backed by gold or silver. We have a currency that will soon be replaced as the world’s reserve currency. The Federal debt alone is $19 trillion dollars. It is mathematically impossible to pay off this debt which will in a couple of short years will soon reach $22 trillion and will make the U.S. situation look like Greece on steroids!

And so by this means of fractional reserve banking, governments may secretly and unobserved, confiscate the wealth of the people and not one man in a million will detect the theft. This system of fractional reserve banking and the printing of all this fiat (now digital fiat) currency, is purely inflationary and the U.S. dollar has lost over 95% of its purchasing power since its inception. Time is running out and this election cycle will make or break us a s a nation. View other related posts on this subject here. Meanwhile tic-tock-tic-tock. USA debt clock.

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2 Comments

  1. Tate Dickerson on February 17, 2016 at 6:37 am

    Put the whole damn federal government in prison for fraud, extortion,treason,excepting bribes and bribery collect all of their financial accounts and the 1% ers pay the debt and start over with the people once again governing.

    • John Michael Chambers - Author on February 17, 2016 at 7:06 am

      Hey Tate, Ron Paul had tried for many years to audit the Fed and now Rand Paul is doing he same with a bill before the Senate #264. If they did you might see what you are talking about about begin to take place. I believe at some point in the near future, perhaps a couple of short years from now or sooner, we may see that system is coming to an end. What it gets replaced with is what mater most.The U.S. Constitution Article 1, Section 8, Phrase 5. http://www.usconstitution.net/const.html#A1Sec8
      It clearly states the following regarding money that “Congress shall have power to coin money, regulate the Value thereof, and of foreign Coin, and fix the standard of weights and measures.“ This power was given to a private bank called the Federal Reserve in 1913. Check out this blog – truly amazing…http://johnmichaelchambers.com/lessons-from-the-dust-bin-of-history/

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