Wake up America

A Gift from the Banks to You
Because
The National Debt belongs to You

  The Bureau of Public Debt is a unit of the Department of Treasury, to visit the current government site for debt click here and for interest paid out, after clicking here go to bottom of government page.

  After 231 days Extraordinary Measures (The Cooking of the Books) are over for a while and and between Sept 7, 2017 & Oct 2 (25 days) the Deficit increased over $500 Billion

$ 20,347,802,336,477.80
$ 19,844,586,961,607.12
     503,215,374,870.68

“Extraordinary Measures” on Debt
Just “Cook the Books”
Why be Disingenuous

From the Congressional Budget Office (CBO)
Extraordinary Measures
have become

Standard Operating Procedures

Lets not forget Social Security still has problems & insanity still rules in D.C.

  Budget surplus must first go toward debt reduction; Jan. 1998
  Our Government rules when it comes to cooking books
; The Associated Press, July 2002
  From USNews & World Report - And Pigs Will Fly; Oct 2002
  The looming national benefit crisis; Unfunded Obligations USA TODAY; Oct 2004
  Congress can cancel or cut Social Security and Medicare any time; USA TODAY Aug 2006
  The coming Financial Crisis, Who will Pay the U.S. Debt Sept 2006

  Sundown in America; March 30, 2013

  Social Security report buries crucial statistic; system is $34.2 trillion in the red; Seattle Times July 2017

  There are a large number of people who do not understand the correlation between debt and deficit, the definitions for those words have been included.

DEBT: how deep the hole is: the total amount of money that has been borrowed.
DEFICIT: how fast the hole is being dug: how much more the government has spent (like a credit card) during the year then the government has received.

(Debt History)

  Look at the national debt as if it were an ARM, (Adjustable Mortgage Rate) and we the people as the homeowner. When the Federal Reserve Bank raises the rates in the future our financial problems; because we are the homeowner with the ARM (Adjustable Mortgage Rate,) will become catastrophic.
  Doubling the interest rates on U.S. National Debt would raise that interest rate to 4.5% (currently 2.25%**); our interest payment would go from $465 billion per year to $930 Billion per year, thereby rendering the United States, financially, little more than a glorified third world country.

Stopping this runaway debt and interest serves the “Common Good”

  Was talking to a business major a while back who had never heard of Amortization schedules so went online to a mortgage calculator and ran the numbers using our National Debt, first one $19.8 trillion (our debt Nov 2016) using 2.25% interest, total interest will equal $7,446,500,000,000 ($7.446 Trillion) second one debt as stated $19.8 trillion with interest rate doubled to 4.5% total interest will equal $16,316,530,000,000 ($16.316 Trillion). Stopping this runaway debt and interest really does serve the “Common Good”

Amortization schedule #1 $19.8 Trillion @ 2.25%
 

Debt Amount

$ 19,800,000,000,000

Term

30 Years

Interest Rate

2.25%

Monthly Payments

$        75,680,000,000

Total Payments

$ 27,244,800,380,000

Total Interest

$   7,446,500,000,000

Amortization schedule #2 $19.8 Trillion @ 4.5%

Debt Amount

$ 19,800,000,000,000

Term

30 Years

Interest Rate

4.5%

Monthly Payments

$       100,320,000,000

Total Payments

$ 36,115,200,000,000

Total Interest

$ 16,316,530,000,000

Would be Monthly Payments if we were paying down the Debt
but
not happening, we are still borrowing
money instead

We as a nation are in a bit of a bind.

  From 1945-1971, the period of the "gold exchange standard", the US fixed the dollar to gold at $35 an ounce. Doubling the price to $70 per oz equals a 100% increase; at $350 an oz that is a 1000% price increase.
  The total amount of gold owned by the U.S. Treasury is 261,498,926 ounces.
  For the United States to go back to the gold standard each ounce of gold that the Federal Government owns would have to be priced over $73,667 (March 2016) that would qualify as Hyper-Inflation; Leaving the gold standard in 1971 so that paper money without a standard could be printed to pay for the Vietnam War started the slide that let our elected officials in United States run up this disastrous National Debt.

  Just think of the repairs that could have been made to the roads, bridges, schools, national parks, Social Security (which will have to be paid back out of the general fund)… if we had not been forced by our elected officials to pay out over $11.9 Trillion interest (usury) on $20.3 Trillion National Debt since 1980.

**  The 2.25% listed above is the Treasury Department’s nominal Interest Rate, the averaging of 3-month T-bill, 6-month T-bill, 52-week T-bill, 2-year T-note, 5-year T-note, 10-year T-note, & 30-year T-bond.
  The Federal Funds Rate has been set by the Federal Reserve Bank at between 0 to/and 00.25% since December 16, 2008; when the rates increase is when our Interest on the National Debt will start climbing.

WASHINGTON D.C. WE WAVE A PROBLEM

  What happens if history repeats, During the last year of the Carter Presidency (1980) the Federal Reserve Bank pushed the Prime Rate to over 20%; on an $18 Trillion National Debt the Interest Payment would easily exceed $3 trillion per year.
  I realize that this is the United States and not Russia but on December 15, 2014 the interest rate in Russia increased to 17% effectually wrecking their ecomony.

Interest Rates Will Go Up

  Now that The Federal Reserve Bank has absconded with $4 Trillion from the Treasury Dept to buy Bonds (where did you think the money for "Quantitative Easing" came from, yes, that money was "loaned" by the Treasury Dept to the Federal Reserve Bank) it is time for the Federal Reserve Bank to raise interest rates.

PROBLEM LOCATED, THE HOUSE & SENATE WASHINGTON D.C.


  A Bible search using lend*, borrow*, debt*, bribe*, and *justice* was performed using a computer (* is a wild card symbol when doing computer searches). If the Old Testament is any indication of what happens in the future, there should be a large number of Capital Hill employees (elected officials) working overtime to rectify the problems they manufactured because of the injustices that were created pandering to special interest groups and by writing unfunded feel good legislation.


That was then

Front page Seattle P.I.
Seattle P.I.
Associated Press

April 4, 1990

A cool $3 trillion: That’s a lot of 0’s the nation owes

  Washington - The national debt yesterday totaled more than $3 trillion for the first time in history, the Treasury Department reported yesterday.
  That’s $3,000,000,000,000. Count them: a three and 12 zeroes.
  A person counting a $1,000 bill each second would take 133 years just to reach $1 trillion.
  And when the nation debt reached $3 trillion, it meant that it would cost every man, woman and child $12,000 to pay it off.
  “The debt subject to limit did go over $3 trillion on Monday” confirmed Peter Hollenback, public affairs officer for the Treasury’s Bureau of Public Debt.
  The actual level of public debt subject to statutory limit at the end of the day was $3.023 trillion. That’s just $99.59 billion under the statutory limit of $3.123 trillion. The national debt stood at $2.989 trillion last Friday.
  Hollenback said that despite a growing number of income tax receipts at this time of year he expected the debt to continue to grow as long as the budget was not balanced.
  Congress enacted the current debt limit last November.
  The debt reached $1 billion in 1916 during World War I, climbing to $278 billion at the end of World War II.
  It reached its first trillion on Oct. 1, 1981 and rose to $2 trillion on April 3, 1986.
  The rapid growth in the debt is the result of the government’s huge deficits for the past decade. Democratic opponents often pointed to the fact that President Reagan ran up more public debt in his eight years in office than all his predecessors put together.
 The federal deficit has continued to grow since then and totaled $152.1 billion during the fiscal year ended Sept. 30.
  By the end of February, the deficit had reached $97.52 billion, just $2.48 billion less than the Gramm-Rudman deficit-reduction target for the entire year. Interest on the deficit during February totaled $17.32 billion and is expected to reach $254.85 billion for the year.
  Analysts have said the target for fiscal 1990 has all but been abandoned, with some suggesting the actual imbalance for the year will total $160 billion to $165 billion.

U.S. Treasury
(Figures in millions)

(Add 000,000 to each #)

Total public debt April 5, 1990

3,030,157

Statutory debt limit

3,122,700

Operating balance April 5

9,383

Interest fiscal 1990 thru Feb

111,727

Interest period fiscal 1989

100,493

Actual deficit fiscal 1989

151,988

Actual deficit fiscal 1988

155,151

Receipts fiscal 1990 thru Feb.

393,477

Receipts period fiscal 1989

372,761

Outlays fiscal 1990 thru Feb.

490,995

Outlays period fiscal 1989

465,410

Gold assets thru February

11,05