The touch from the finger of God has cut-off America’S wealth:Total US Debt Soars To 101.5% Of GDP

GREETINGS,

AND NOW THE FIREWORKS ARE STARTING. AMERICA IS NOW ENTERING THE POINT OF NO RETURN ECONOMICALLY. HER PUBLICLY ACKNOWLEDGED DEBTS HAVE REACHED MORE THAN 100% OF AMERICA’S GDP. THIS DOES NOT INCLUDE UNFUNDED LIABILITIES THAT THE GOVERNMENT REFUSES TO PUT ON THE PUBLIC BUDGET.AND OTHER DEBTS AND DEFICITS SHE KEEPS SECRET.

SHE IS IN A WHOLE THAT SHE IS TRYING TO GET OUT BY DIGGING IT DEEPER AND DEEPER BY THE SECOND. REMEMBER THAT WHEN YOU ARE IN DEBT TO THE TUNE OF EVERY CENT YOU MAKE PLUS MORE, THEN YOU ARE NO LONGER INDEPENDENT AND FREE. YOU ARE DEPENDENT ON THE GRACE OF YOUR CREDITORS.

THIS IS AMERICA. SHE OWES EVERYONE. HER WEALTH IS NOW GONE….” The power of gold and silver was once abundant in America. But the touch of the finger of God against the power of so mighty a nation has now caused the crumbling and fall of America.”–pg.88(TFOA)

Total US Debt Soars To 101.5% Of GDP

SOURCE: ZEROHEDGE

There is nothing quite like a $70 billion debt auction settlement at the last day of a month to bring total US debt to a record $15.692 trillion, which happens to be just $600 billion shy of the $16.394 trillion debt ceiling. (and no, contrary to simple economic textbook lesson, this does not mean that the private sector just got another $70 billion in debt capacity courtesy of taxpayers, as explained here). And now that we know what Q1 GDP was at the end of Q1, or namely $15.462 trillion, it is simply math to divine that today alone total US/debt to GDP rose by 50 bps to a mindboggling 101.5%.

Below is a chart of two lines with different slopes. We leave it up to readers to figure out which line is GDP and which is total debt.

 

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