View Full Version : The World's national debt: $44,620,000,000,000
Anders Lindman
19-07-2007, 05:42 PM
The world's national debt was (2004): $44,620,000,000,000 And that is only counting external debt. Clearly some international bankers must be collecting enormous amounts of interest from the entire world, minute by minute.
http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Debt.PNG/800px-Debt.PNG
From: List of countries by external debt - Wikipedia, the free encyclopedia
In the list of 198 countries, only 5 very small nations have zero debt. This means that private financial institutions and organizations are continually sucking interest from the entire world, and thereby owning more and more of the world's assets and resources.
notaslave
19-07-2007, 05:52 PM
When you see it like that, and I have to admit to just staring at it, almost in disbelief, well then you just know its all going to go tits-up anyday.
I wonder how much of that ends up in the Illuminati, that owns most of the banks and loan industries, pockets. And they are a small persentage of the population. Take off 10% for fractunal loan and that is how much the world bank and Illuminati is worth.
december
19-07-2007, 08:51 PM
Clearly some international bankers must be collecting enormous amounts of interest from the entire world, minute by minute.
The Rothschilds and their relatives make all the money.
It is them - the Rothschilds - who fooled peoples of the world by their fractional reserve banking.
We need to get rid of that!
Fractional Reserve Banking
Let's see how the fractional reserve process works, in the absence of a central bank. I set up a Rothbard Bank, and invest $1,000 of cash (whether gold or government paper does not matter here). Then I "lend out" $10,000 to someone, either for consumer spending or to invest in his business. How can I "lend out" far more than I have? Ahh, that's the magic of the "fraction" in the fractional reserve. I simply open up a checking account of $10,000 which I am happy to lend to Mr. Jones.
Why does Jones borrow from me? Well, for one thing, I can charge a lower rate of interest than savers would. I don't have to save up the money myself, but simply can counterfeit it out of thin air. (In the nineteenth century, I would have been able to issue bank notes, but the Federal Reserve now monopolizes note issues.) Since demand deposits at the Rothbard Bank function as equivalent to cash, the nation's money supply has just, by magic, increased by $10,000. The inflationary, counterfeiting process is under way.
The nineteenth-century English economist Thomas Tooke correctly stated that "free trade in banking is tantamount to free trade in swindling." But under freedom, and without government support, there are some severe hitches in this counterfeiting process, or in what has been termed "free banking." First: why should anyone trust me? Why should anyone accept the checking deposits of the Rothbard Bank? But second, even if I were trusted, and I were able to con my way into the trust of the gullible, there is another severe problem, caused by the fact that the banking system is competitive, with free entry into the field. After all, the Rothbard Bank is limited in its clientele. After Jones borrows checking deposits from me, he is going to spend it. Why else pay money for a loan? Sooner or later, the money he spends, whether for a vacation, or for expanding his business, will be spent on the goods or services of clients of some other bank, say the Rockwell Bank. The Rockwell Bank is not particularly interested in holding checking accounts on my bank; it wants reserves so that it can pyramid its own counterfeiting on top of cash reserves. And so if, to make the case simple, the Rockwell Bank gets a $10,000 check on the Rothbard Bank, it is going to demand cash so that it can do some inflationary counterfeit-pyramiding of its own. But, I, of course, can't pay the $10,000, so I'm finished. Bankrupt. Found out. By rights, I should be in jail as an embezzler, but at least my phoney checking deposits and I are out of the game, and out of the money supply.
Hence, under free competition, and without government support and enforcement, there will only be limited scope for fractional-reserve counterfeiting. Banks could form cartels to prop each other up, but generally cartels on the market don't work well without government enforcement, without the government cracking down on competitors who insist on busting the cartel, in this case, forcing competing banks to pay up.
http://www.lewrockwell.com/rothbard/frb.html
http://www.gilbert-collection.org.uk/previous_exhibitions/kings_table_exhibition/images/Rothschild.jpg
Anders Lindman
19-07-2007, 09:39 PM
The Rothschilds and their relatives make all the money.
It is them - the Rothschilds - who fooled peoples of the world by their fractional reserve banking.
We need to get rid of that!
Fractional Reserve Banking
Send in a missile into the Federal Reserve!!! As I wrote in another post, not a real missile, but a missile called Ron Paul (http://video.google.com/videoplay?docid=-2582202010210782365) :D
freespark
19-07-2007, 09:54 PM
I think you will find that it's $44,620,000,000,010. I just borrowed a tenner off my mate Dave. :D
But yeah imagine the interest on all that eh? I wonder who gets that? ;) Fucking sharks.
Anders Lindman
19-07-2007, 10:04 PM
I think you will find that it's $44,620,000,000,010. I just borrowed a tenner off my mate Dave. :D
That tenner will not show up in that statistics, unless your mate lives in another country. The statistics only shows external debt. :cool:
h1s_l0rdsh1p
20-07-2007, 12:36 AM
$44,620,000,000,000 debt, uh?
http://earth.justgotowned.com/
freespark
20-07-2007, 12:40 PM
$44,620,000,000,000 debt, uh?
http://earth.justgotowned.com/
Ouch!!! ROFLLLLL :D
umbrex
20-07-2007, 04:00 PM
The world's national debt was (2004): $44,620,000,000,000 And that is only counting external debt. Clearly some international bankers must be collecting enormous amounts of interest from the entire world, minute by minute.
http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Debt.PNG/800px-Debt.PNG
From: http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
In the list of 198 countries, only 5 very small nations have zero debt. This means that private financial institutions and organizations are continually sucking interest from the entire world, and thereby owning more and more of the world's assets and resources.
That's a load of crap!
Denmarks debt is nowhere near 200-500.000.000.000 $ and then i can only wonder; how about the rest ?
Anders Lindman
20-07-2007, 07:10 PM
That's a load of crap!
Denmarks debt is nowhere near 200-500.000.000.000 $ and then i can only wonder; how about the rest ?
Then CIA is lying (statistics from the CIA World Factbook) or the Danish government is lying, or someone up in the power pyramid can't count money correctly.
$44,620,000,000,000 debt, uh?
http://earth.justgotowned.com/
:):(:mad::confused::eek::D
whitenight639
20-07-2007, 09:07 PM
my maths isnt good how much is $44,620,000,000,000 ?? is that $44 trillion?
anyway it can't go on much longer, everyone is already working harder and harder to pay off there personal debts and realising its not possible to afford to live, things will change, and there weather manipulation is just illustrating how desperate they are (trying to make it look like end times).
karma19
20-07-2007, 09:55 PM
my maths isnt good how much is $44,620,000,000,000 ?? is that $44 trillion?
anyway it can't go on much longer, everyone is already working harder and harder to pay off there personal debts and realising its not possible to afford to live, things will change, and there weather manipulation is just illustrating how desperate they are (trying to make it look like end times).
I felt like my end times had come with my students debts but now its seems like nothing. lol:rolleyes:
my maths isnt good how much is $44,620,000,000,000 ?? is that $44 trillion?
anyway it can't go on much longer, everyone is already working harder and harder to pay off there personal debts and realising its not possible to afford to live, things will change, and there weather manipulation is just illustrating how desperate they are (trying to make it look like end times).
Must be
I think 9digits = billion
12 digits = trillion :confused:
Anders Lindman
21-07-2007, 04:43 PM
That's a load of crap!
Denmarks debt is nowhere near 200-500.000.000.000 $ and then i can only wonder; how about the rest ?
Maybe the CIA statistics is the total debt, while the Danish government is talking about total debt minus the loans Denmark has given other nations? Then both the CIA statistics and the statistics from the Danish government could be correct.
umbrex
22-07-2007, 10:30 PM
Maybe the CIA statistics is the total debt, while the Danish government is talking about total debt minus the loans Denmark has given other nations? Then both the CIA statistics and the statistics from the Danish government could be correct.
They say the national debt. The current danish debt i refer to is the national debt. Adding loans we have given to others should only decrease this number, falsifying your facts even more. The worlds most indebted nation is the US which currently owes 9 trillion (and yes, it it trillion ppl) dollars to the fed.. Their debt exceeds by far the rest of any other nation..
Anders Lindman
22-07-2007, 10:48 PM
They say the national debt. The current danish debt i refer to is the national debt. Adding loans we have given to others should only decrease this number, falsifying your facts even more. The worlds most indebted nation is the US which currently owes 9 trillion (and yes, it it trillion ppl) dollars to the fed.. Their debt exceeds by far the rest of any other nation..
I meant adding loans to CIA's value. That would maybe decrease it to the level of the Danish government's value.
umbrex
23-07-2007, 12:42 AM
I meant adding loans to CIA's value. That would maybe decrease it to the level of the Danish government's value.
between the lines anders lindman: IM NOT BUYING IT... period.
infinitetruth
23-07-2007, 08:36 AM
Who is the world in debt to? In debt to the banks? If the world owes the banks and the banks are of the world then the world isn't really in debt, its just owned by the banks.
Hmm, pretty good scam.
Anders Lindman
23-07-2007, 11:32 AM
Who is the world in debt to? In debt to the banks? If the world owes the banks and the banks are of the world then the world isn't really in debt, its just owned by the banks.
Hmm, pretty good scam.
Yes, the Money as Debt video clearly shows that the banks generate more and more debt. At an exponential rate in fact. :eek: And the debt is based on.....previous debt! So the banks just create more and more money through the fractional reserve principle, and collect more and more interest. Not only that. If someone cannot pay the interest, or the repayment of the loan (whatever that is called in English), then the banks can confiscate your house, your car and even your pet (I think).