DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - America and the west are in deep economic trouble

**space-on-s** · 09-04-2012, 03:22 AM

Sometime last year or the year before, the US increased its national debt limit from $14Trillion to $16.4Trillion. They are now approaching the $16.4Trillion limit as can be seen here at the treasury dept. website:

http://www.treasurydirect.gov/NP/BPD...application=np

They have few options except to increase their debt limit yet again.

Surprisingly, there are many Americans who are (finally) waking upto the corruption that has led to this situation and also what it means for their futures. They will spend decades locked-into a debt trap, trying to pay it off. Even the professinals in the finance industries can see quantative-easing 'QE' employed by the central banks to buy-up government bonds is a mirage that creates fake demand for US bonds. Without this QE, US bonds would become much like Greek ones:

http://www.cnbc.com/id/47256715/US_T...ollapse_Schiff

Allahu A'lam

Could you spend some more space on two points. Why do they have a national debt limit and the possibility of US Bonds melting.

09-04-2012, 03:22 AM	#27
space-on-s Join Date Oct 2005 Posts 419 Senior Member	Sometime last year or the year before, the US increased its national debt limit from $14Trillion to $16.4Trillion. They are now approaching the $16.4Trillion limit as can be seen here at the treasury dept. website: http://www.treasurydirect.gov/NP/BPD...application=np They have few options except to increase their debt limit yet again. Surprisingly, there are many Americans who are (finally) waking upto the corruption that has led to this situation and also what it means for their futures. They will spend decades locked-into a debt trap, trying to pay it off. Even the professinals in the finance industries can see quantative-easing 'QE' employed by the central banks to buy-up government bonds is a mirage that creates fake demand for US bonds. Without this QE, US bonds would become much like Greek ones: http://www.cnbc.com/id/47256715/US_T...ollapse_Schiff Allahu A'lam Could you spend some more space on two points. Why do they have a national debt limit and the possibility of US Bonds melting.
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