by Georgi Stankov, January 3, 2015
On the last working day of November 2014, total US public debt surpassed the sound barrier of $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.
The total US debt to nominal GDP as of Sept 30, 2014 which was $17.555 trillion, was end of 2014 nominally 103%. However, keep in mind this GDP number was artificially increased by about half a trillion dollars a year ago thanks to the “benefit” of R&D and intangibles which have no real value. Without said definitional change, debt/GDP would be about 106%. This in case you read a different, lower number in the faked US statistics and fraudulent Western MSM. For comparison the Russian debt to GDP is currently 12 -13 %. Just compare the two figures and make your own conclusion, which economy is going to collapse first.
In fact the situation is much more dire for the USA. More than one third of the official GDP of this country consists of fraudulent financial assets and also includes vast portions of the Obama healthcare system, which is entirely based on public debt. The US GDP is the product of statistical acrobatics at wuthering heights without a safety net. This would say that even based on a very conservative calculation the US national debt has already surpassed the 150% to GDP, which is the official threshold when a country is considered bankrupt.
And the spiral of creating new debt is screwing exponentially higher and higher (or “as you like it” deeper and deeper into the assholes of the American zombies) with each new day. As of the last day of 2014, total US debt soared by $98 billion in one day (driven again by Social Security debt surging on the last day of the month to a record $5.117 trillion), and closing off 2014 with a new all time high total of $18.141 trillion in Federal debt – an increase of $136 billion in the month of December and $790 billion for all of 2014.
Source: US Trea
This means that since Obama came to power the total US debt has increased from $10.625 trillion on January 21, 2009 to $18.141 trillion by the end of 2014. And this is not the end of the Obama’s regime, who will theoretically stay in power for another two years, in case he will not be drowned this year by the deluge of the impending MPR, which is highly improbable. Therefore, it is fair to say that under the presidency of this perverted, homo-heterosexual, non-american imposter, white men’s cocksucker, and criminal, read here:
and here, among many more articles on Obama on this website
the US debt has doubled. It took more than a century for the USA to reach a debt of 10 trillion in early 2009 and now the criminal war-mongerer, Nobel prize-fraudster “Bombama” doubled this national debt in only six years. And nobody cares. Congratulation to all American zombies that elected twice this monster. You do not deserve any better.