Americans have been so dumbed down and placated with 24/7 entertainment that we cannot see the danger here.
We can’t comprehend the enormity of the figure $15 trillion, we don’t understand what a 100.3% debt to GDP ratio is, were oblivious like sheep being led to slaughter.
And it’s all by design, all planned. The willful destruction of America, by the ruling class and their latest puppet, Barak Hussein Obama, is almost a done deal.
If we’d only wake up we could easily stop it. We out number the ruling class a million to one!
If we’d only wake up!
US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling
Submitted by Tyler Durden on 01/03/2012 16:49 -0500
While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the very end of the calendar year. We wonder, rhetorically, just how prominent of a talking point this historic event will be in any upcoming GOP primary debates. And yes, technically this number is greater than the debt ceiling but it excludes various accounting gimmicks. When accounting for those, the US has a debt ceiling buffer of... $14 billion, or one third the size of a typical bond auction.
Are you prepared for the collapse? How do you plan to feed your family? When your dollar is worthless, and the government has confiscated your gold, how will you buy food?
I found a way to prepare for it now, I got my survival foods at: