U.S Debt six times greater than Official amount. Study shows U.S. is 70 Trillion in Debt Not 16.5 Trillion
We all know when TARP was approved in 2008 and they said it was going to be 700 Billion in bail outs for the banks, how it was really many times over that. We also know how the Federal Reserve has been secretly bailing out banks around the world. We of course know the world Truth is not something the Fed nor the government has any concept of, as every word that comes out of their mouth is a Lie!
Well it seems that there was a study done on the debt of the U.S. and it is yet another area they have lied about.
The study shows that the debt of the U.S. is not the official 16.8 Trillion but actually 70 Trillion. If this is the case we are Greece and Cyprus many many times over.
The United States has accumulated over $70 trillion in unreported debt, an amount nearly six times the declared figure, according to a new study by University of California-San Diego economics Professor James Hamilton.
The unique aspect of Hamilton’s study is that he examines federal debt that has not been publicly released, specifically the government’s support for “housing, other loan guarantees, deposit insurance, actions taken by the Federal Reserve, and government trust funds.”
This fact is disturbing to say the least. If the dollar stops being the petrol dollar and countries completely drop it for the Yuan as the Reserve currency, we will be Zimbabwe on steroids. Imagine how overnight gas could go from $4 a gallon to $20 and increase from hour to hour.
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
Source: http://philosophers-stone.co.uk/wordpress/2013/08/u-s-debt-six-times-greater-than-official-amount-study-shows-u-s-is-70-trillion-in-debt-not-16-5-trillion/
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Whistler Blowers, Insiders
“…he examines federal debt that has not been publicly released, specifically the government’s support for…”
In other words, *unrealized debt*. Insurance agreements, promises to cover various obligations -which don’t cost anything besides admin overhead, not until one of those programs fails.
Hype-r-vent-ill-ashun. Take a deep breath. Relax. Stop giving RT.com traffic, as they’re not always reliable, and they promote an anti-U.S. agenda.
Things have always been fucked up, just there’s more people on the earth, so the numbers involved are much bigger.