Tag Archives : SCO

18,600,000 Vacant Homes in The United States. Enough For Every Homeless Person to Have Six

18,600,000 Vacant Homes in The United States. Enough For Every Homeless Person to Have Six

Approximately...
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Rats ‘taking over’ new World Trade Center tower

Rats ‘taking over’ new World Trade Center tower

Leo...
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Note to China and Russia: did you import Depopulation Corn?

Note to China and Russia: did you import Depopulation Corn?

It’s...
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Hagel Warned Of Rogue ‘New World Order’, Now He’s Fired

Hagel Warned Of Rogue ‘New World Order’, Now He’s Fired

Steve...
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The New World Order: Does It All Just Boil Down To A Battle For Your Soul?

The New World Order: Does It All Just Boil Down To A Battle For Your Soul?

Brandon...
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Ghost in the Machine: US and UK Are Capitalism’s Warlords

Ghost in the Machine: US and UK Are Capitalism’s Warlords

Mateo...
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THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING

THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING

Dave...
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Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

Michael...
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Homeless dragged down by belongings, as cities view keepsakes ‘trash’

Homeless dragged down by belongings, as cities view keepsakes ‘trash’

Renee...
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90% Of Americans Are Poorer Today Than They Were 27 Years Ago. Here’s Why

90% Of Americans Are Poorer Today Than They Were 27 Years Ago. Here’s Why

Katharine...
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The ‘NIMBY’ Cities Who Ban the Feeding of the Homeless

The ‘NIMBY’ Cities Who Ban the Feeding of the Homeless

Chris...
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New world order means endless US wars, Hagel says

New world order means endless US wars, Hagel says

US...
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​Time for a ‘new world order?’ No, it’s already here

​Time for a ‘new world order?’ No, it’s already here

Putin...
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China and Russia Want to Pull Germany into Their Economic Orbit

China and Russia Want to Pull Germany into Their Economic Orbit

The...
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It Will Take 398,879,561 Years To Pay Off The US Government’s Debt

It Will Take 398,879,561 Years To Pay Off The US Government’s Debt

Simon...
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9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

Michael...
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Top 4 Things to do Prior to the Dollar Collapsing

Top 4 Things to do Prior to the Dollar Collapsing

Liberty...
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Megabanks Have The Federal Prison System Locked Up

Megabanks Have The Federal Prison System Locked Up

TheDailyBeast Bank...
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14 people made more money than Food Stamp budget for 50,000,000

14 people made more money than Food Stamp budget for 50,000,000

Paul...
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“If Something Rattles This Ponzi Scheme, Life In America Will Change Overnight”

“If Something Rattles This Ponzi Scheme, Life In America Will Change Overnight”

Michael SnyderI know that headline sounds completely outrageous.  But it is actually true.  The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.  When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months.  And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014.  But that does not count the huge amounts of U.S. Treasury securities that the federal government must redeem each year.  When these debt instruments hit their maturity date, the U.S. government must pay them off.  This is done by borrowing more money to pay off the previous debts.  In fiscal year 2013, redemptions of U.S. Treasury securities totaled $7,546,726,000,000 and new debt totaling $8,323,949,000,000 was issued.  The final numbers for fiscal year 2014 are likely to be significantly higher than that.So why does so much government debt come due each year? Well, in recent years government officials figured out that they could save a lot of money on interest payments by borrowing over shorter time frames.  For example, it costs the government far more to borrow money for 10 years than it does for 1 year.  So a strategy was hatched to borrow money for very short periods of time and to keep “rolling it over” again and again and again. This strategy has indeed saved the federal government hundreds of billions of dollars in interest payments, but it has also created a situation where the federal government must borrow about 8 trillion dollars a year just to keep up with the game. So what happens when the rest of the world decides that it does not want to loan us 8 trillion dollars a year at ultra-low interest rates? Well, the game will be over and we will be in a massive amount of trouble. I am about to share with you some numbers that were originally reported by CNS News.  As you can see, far more debt is being redeemed and issued today than back during the middle part of the last decade… 2013 Redeemed: $7,546,726,000,000 Issued: $8,323,949,000,000 Increase: $777,223,000,000 2012 Redeemed: $6,804,956,000,000 Issued: $7,924,651,000,000 Increase: $1,119,695,000,000 2011 Redeemed: $7,026,617,000,000 Issued: $8,078,266,000,000 Increase: $1,051,649,000,000 2010 Redeemed: $7,206,965,000,000 Issued: $8,649,171,000,000 Increase: $1,442,206,000,000 2009 Redeemed: $7,306,512,000,000 Issued: $9,027,399,000,000 Increase: $1,720,887,000,000 2008 Redeemed: $4,898,607,000,000 Issued: $5,580,644,000,000 Increase: $682,037,000,000 2007 Redeemed: $4,402,395,000,000 Issued: $4,532,698,000,000 Increase: $130,303,000,000 2006 Redeemed: $4,297,869,000,000 Issued: $4,459,341,000,000 Increase: $161,472,000,000 The only way that this game can continue is if the U.S. government can continue to borrow gigantic piles of money at ridiculously low interest rates. And our current standard of living greatly depends on the continuation of this game. If something comes along and rattles this Ponzi scheme, life in America could change radically almost overnight. In the United States today, we have a heavily socialized system that hands out checks to nearly half the population.  In fact, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government each month according to the U.S. Census Bureau.  And it is hard to believe, but Americans received more than 2 trillion dollars in benefits from the federal government last year alone.  At this point, the primary function of the federal government is taking money from some people and giving it to others.  In fact, more than 70 percent of all federal spending goes to “dependence-creating programs”, and the government runs approximately 80 different “means-tested welfare programs” right now.  But the big problem is that the government is giving out far more money than it is taking in, so it has to borrow the difference.  As long as we can continue to borrow at super low interest rates, the status quo can continue. But a Ponzi scheme like this can only last for so long. It has been said that when the checks stop coming in, chaos will begin in the streets of America. The looting that took place when a technical glitch caused the EBT system to go down for a short time in some areas last year and the rioting in the streets of Ferguson, Missouri this year were both small previews of what we will see in the future. And there is no way that we will be able to “grow” our way out of this problem. As the Baby Boomers continue to retire, the amount of money that the federal government is handing out each year is projected to absolutely skyrocket.  Just consider the following numbers… –Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, more than 70 million Americans are on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.   –When Medicare was first established, we were told that it would cost about $12 billion a year by the time 1990 rolled around.  Instead, the federal government ended up spending $110 billion on the program in 1990, and the federal government spent approximately $600 billion on the program in 2013.   –It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.   –At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for every single household in the United States.   –In 1945, there were 42 workers for every retiree receiving Social Security benefits.  Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.   –Right now, there are approximately 63 million Americans collecting Social Security benefits.  By 2035, that number is projected to soar to an astounding 91 million.   –Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.   –The U.S. government is facing a total of 222 trillion dollars in unfunded liabilities during the years ahead.  Social Security and Medicare make up the bulk of that. Yes, things seem somewhat stable for the moment in America today. But the same thing could have been said about 2007.  The stock market was soaring, the economy seemed like it was rolling right along and people were generally optimistic about the future. Then the financial crisis of 2008 erupted and it seemed like the world was going to end. Well, the truth is that another great crisis is rapidly approaching, and we are in far worse shape financially than we were back in 2008. Don’t get blindsided by what is ahead.  Evidence of the coming catastrophe is all around you.
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