All violence seems to arise in nations not in debt, is being in debt the answer to pe

[pvsi.]

All violence seems to arise in nations which are not in debt. Is being in debt the answer to peace? Iraq, Iran, Afghanistan, Libya, now Syria - all those nations have one thing in common - they are not in debt to the banks, led by the likes of international monetary chief Straus Khan by the way.

And the nations who are rushing to care about human rights abuses there all seem to be in debt and connected on the other side as well. can someone here explain the irony? is being in debt good for nations and for peace?

 

[pvsi.]

The brutal dictators are all from nations not in debt - EXPLAIN.

 

[waltky]

Bush tax cuts expire Dec. 31 but Granny says it don't matter - after Dec.21 nobody gonna be left...

Bernanke: US is facing "fiscal cliff"
June 7, 2012 - The chairman of the Federal Reserve says a looming financial crisis set for the end of the year is starting to affect growth.

Fears about a looming fiscal crisis at the end of the year are starting to pinch job growth and threatening to undercut the nation’s fragile recovery, a growing number of economists and employers say. Federal Reserve Chairman Ben S. Bernanke, in testimony Thursday before Congress, repeatedly warned about the so-called fiscal cliff — a reference to the expiration of tax cuts Dec. 31 and the imposition of automatic spending reductions Jan. 1. By some accounts, the U.S. economy could see an unprecedented fiscal hit of as much as $720 billion if the slated changes take effect.

They would include an end to the temporary tax cuts enacted during the George W. Bush administration and to temporary Obama administration payroll tax reductions. Spending cuts in defense and on federal programs were negotiated as part of last summer’s pact to raise the debt ceiling. If all the changes take place, the shock will probably cause the economy to contract and possibly lead to a recession, Bernanke said. So far, however, Bernanke’s concerns about the fiscal cliff have been largely obscured by the more immediate, intensifying financial troubles in Europe and elsewhere.

On Thursday, China cut its interest rates, sparking worries that the sprawling economy might be doing worse than thought. There also is a widespread expectation that Congress will take last-minute action to pull back from the fiscal cliff. Some analysts are skeptical that lawmakers can come together to avoid potential disaster. “As the cliff approaches, we expect first firms and then households to start postponing decisions, weakening the economy in advance of the cliff,” economists at Bank of America said in a report this week. “When you are approaching a cliff, in a deep fog of uncertainty, you slow down.” That’s exactly what some employers are doing. “We were in a growth mode for the first half of 2012,” said Joe Dutra, president of Kimmie Candy Co. in Reno.

His company recently invested in factory equipment with plans to double production and add five to six workers to the payroll of 23. But he and other company managers met this week and decided to put everything on hold, even the installation of the new equipment. “My main concern for our company is the uncertainty,” said Dutra, 59, a one-time farmer in Sacramento who started Kimmie Candy as a side business in 2000. Since then, some of his chocolate products have become national brands. “We look at the news every day, and it’s just a roller coaster,” he said. “The government is not stable. We have a government that can’t make hard decisions.... We’re looking at the future and expecting to be going back into more of a recession in 2013.”

MORE

 

[waltky]

Right on the heels of the Colorado shooting...

Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year
July 23, 2012 - By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.

Prior to fiscal 2008, the federal government had never increased its debt by as much as $1 trillion in a single fiscal year. From fiscal 2008 onward, however, the federal government has increased its debt by at least $1 trillion each and every fiscal year. The federal fiscal year begins on Oct. 1 and ends on Sept. 30. At the close of business on Sept. 30, 2011—the last day of fiscal 2011—the total debt of the federal government was $14,790,340,328,557.15. By June 29, the last business day of the third quarter of fiscal 2012, that debt had grown to $15,856,367,214,324.44—an increase for this fiscal year of $1,066,026,885,767.29.

In the fourth quarter of fiscal 2012, the federal debt has continued to accumulate, hitting $15,874,365,457,260.40 at the close of business on Thursday, July 19—marking a total increase so far in fiscal 2012 of $1,084,025,128,703.25. In fiscal 2007, according to the U.S. Treasury, the federal government’s debt increased $500,679,473,047.25. But that marked the last fiscal year in which the federal government's debt did not increase by at least $1 trillion. In fiscal 2008, the debt increased $1,017,071,524,650.01. In fiscal 2009, it increased $1,885,104,106,599.26. In fiscal 2010, it increased $1,651,794,027,380.04. And in fiscal 2011, it increased $1,228,717,297,665.36.

So far this fiscal year (which is a leap year of 366 days), the Treasury has increased the net debt of the federal government at an average rate of $3,699,744,466.56 per day. If that average were to hold up for the 73 days that remained in the fiscal year after July 19, the debt would increase in fiscal 2012 by a total of $1,354,106,474,762.13—a greater increase than last year. At the close of business on Sept. 30, 2007--which marked the beginning of fiscal 2008--the total debt of the federal government stood at $9,007,653,372,262.48. At the close of business on July 19, it stood at $15,874,365,457,260.40--an increase of $6,866,712,084,997.92 in less than five years.

Source

 

[Charles_Main]

All violence seems to arise in nations which are not in debt. Is being in debt the answer to peace? Iraq, Iran, Afghanistan, Libya, now Syria - all those nations have one thing in common - they are not in debt to the banks, led by the likes of international monetary chief Straus Khan by the way.

And the nations who are rushing to care about human rights abuses there all seem to be in debt and connected on the other side as well. can someone here explain the irony? is being in debt good for nations and for peace?

Stupidest Fucking Premise I have ever seen. Hilter was Born out of the Collapse of the German Economy under the weight of massive debt and sanctions after WWI.

There is simply no truth at all to your argument that all violence comes from Nations not in debt.

 

[waltky]

What are we gonna do when they wise up an' quit buying our paper?...

U.S. Government's Foreign Debt Hits Record $5.29 Trillion
August 16, 2012 - - The money the U.S. government owes to foreign entities rose to a record $5.2923 trillion in June, according to data released by the U.S. Treasury Wednesday afternoon.

In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S. government borrowed an additional $34.2 billion from foreign entities in order to fund U.S. government operations. The U.S. government’s indebtedness to foreign interests has grown by 72.3 percent during President Barack Obama’s term in office. In January 2009, when Obama was inaugurated, the U.S. government owed $3.0717 trillion to foreign entities, according to the Treasury Department. That has increased by $2.2206 trillion—or 72.3 percent—to the record $5.2923 trillion reported for yesterday.

Entities in the People’s Republic of China remain the largest holders of U.S. government debt. Entities in Japan, however, are on track to eclipse the Chinese as the top holders of U.S. government debt. In June, the Chinese held $1.1643 trillion in U.S. government debt, up slightly from the $1.1640 trillion in U.S. government debt the Chinese held in May. However, Chinese ownership of U.S. government debt hit an historical peaked of $1.3149 trillion in July 2011 and has been on a generally downward trend since then.

Entities in Japan, by contrast, have been consistently increasing their ownership of U.S. government debt. In June, the Japanese owned $1.1193 trillion in U.S. debt. In May, they owned $1.1089 trillion in U.S. debt. A year ago, in June 2011, the Japanese owned only $881.5 in U.S. government debt. Although the Chinese maintained their place as the top foreign owners of U.S. debt in June, they are not the top owners of U.S. debt in the world. That distinction belongs to the U.S. Federal Reserve, which according to its July monthly report, owned $1.667 trillion in U.S. government debt in June.

As of the end of June, the total debt of the federal government was $15,856,367,214,324.44. However, of that debt, $4,812,182,369,712.78 was money the federal government owed to itself (i.e. money the Treasury had borrowed from federal trust funds such as the Social Security Trust Fund, etc.). The Treasury calls this type of debt “intragovernmental” debt. The remaining $11,044,184,844,611.66 the federal government owed as of the end of June was debt held by the “public.” This is debt in the form of Treasury securities the government is obligated to pay off in cash. The combined $6.9593 trillion that U.S. Treasury owed both to foreign entities ($5.2923 trillion) and the Federal Reserve ($1.667 trillion) at the end of June, equaled about 63 percent of the federal government’s debt held by the public.

Source

 

[whitehall]

If you compare the last greatest super power to Libya. Syria and other Islamic revolutionary countries you need your head examined.

 

[Ernie S.]

Riots in Greece?

 

[waltky]

Increases $5.4 trillion since Obama took office...

New high: U.S. debt tops $16 trillion
Sep 4, 2012 • The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark.

The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009. Here's a chart, from the Republican side of the Senate Budget Committee detailing the increase in national debt over the last dozen years:

"Federal debt at the end of the current fiscal year will stand at $16.2 trillion—$6.2 trillion above where it was 4 years earlier," the Republican side of the Senate Budget Committee notes. "In the last 4 years, the debt increased by more than it did in the previous 17 years." The committee warns that under President Obama's proposed budget, the debt will surge to $25.4 trillion in 2012. Here's a chart detailing the projected debt increase:

More $16,015,769,788,215.80 | The Weekly Standard

 

[martybegan]

All violence seems to arise in nations which are not in debt. Is being in debt the answer to peace? Iraq, Iran, Afghanistan, Libya, now Syria - all those nations have one thing in common - they are not in debt to the banks, led by the likes of international monetary chief Straus Khan by the way.

And the nations who are rushing to care about human rights abuses there all seem to be in debt and connected on the other side as well. can someone here explain the irony? is being in debt good for nations and for peace?

Its because countries like that can lie about thier economic status due to a lack of free press, international trade.

It has nothing to do with comparisons to open free economies.

 

[g5000]

All violence seems to arise in nations which are not in debt. Is being in debt the answer to peace? Iraq, Iran, Afghanistan, Libya, now Syria - all those nations have one thing in common - they are not in debt to the banks, led by the likes of international monetary chief Straus Khan by the way.

And the nations who are rushing to care about human rights abuses there all seem to be in debt and connected on the other side as well. can someone here explain the irony? is being in debt good for nations and for peace?

You are joking, right?

How do you think Hitler rose to power?

Germany's crushing war debts, that's how.

.