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April 17, 2018 | Debt Clock Update – a Threshold is Near!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

 

The new debt clock gives us some clear information about our dire situation. Check it out here:  http://usdebtclock.org/index.html. The current number is $21.14 trillion and counting!

 

Our growing deficit (now 740.6 billion and counting) will continue to grow as spending much exceeds revenue. Mr. Trump’s policies have magnified the debt problem. Where is the discipline of our elected representatives? The above clock reveals some dire numbers:

 

  1. Total debt is now $69.9 trillion and growing. The government debt is $21.1 trillion.
  2. Social Security payments are now $963 billion (annually) and growing. We have no trust funds (savings) so these payments must come from general revenues going forward.
  3. Interest payments on our national debt are growing and could add to our deficits going forward. We could reach a government deficit of over $1 trillion by end of this year.
  4. M2 money supply is increasing at only $500 billion annually. Real growth is slowing. The nine year bull market is soon over.
  5. Gold ratio is now at $4,739/ounce (based on world Au production/to M2 money supply increase). Paper Gold ratio is 76.09 to 1 (reveals enormous corruption in this market).
  6. Silver ratio is at $605/ounce (based on world Ag production/ to M2 money supply increase). Paper Silver ratio is 178.91 to 1 (reveals enormous corruption in this market).
  7. Unfunded Pension Liability is $6.1 trillion (collapse assured for millions).

 

What the debt clock numbers reveal is that our situation is dire. Check the new clock here:  http://usdebtclock.org/index.html. The trends are ominous. Our destiny is total financial collapse. Our debt is unpayable. Our economic future is mathematically determined. Our politicians are mostly corrupt. And financial chaos must happen soon. We have an unsustainable situation which anyone with common sense can discern. Think for yourself and pass this message on to those who desire real change. The PROBLEM comes before any solution. I am: https://kingdomecon.wordpress.com.

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April 17th, 2018

Posted In: Kingdom Economics

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