Tuesday, February 2, 2016

INFOGRAPHIC VISUALIZING AMERICA'S NEW 19 TRILLION DOLLAR DEBT


In case you missed it, yesterday we alerted you that the United States government has now officially accumulated $19 trillion in debt. 

This time it took them just 427 days of printing to pile on this last trillion dollars, compared to the over 75,000 days it took to rack up the first trillion dollars in debt. 

They're definitely getting better at this. 

The thing is—most of the mainstream new sources that have printed this news still aren't sounding the alarm. 

What is another $1 trillion in debt when the government can just keep printing? 

After all, they claim, we owe it to ourselves. 

And they're right. 

The government owes most of this debt to you. 

YOUR pension fund. 

The banks where you hold YOUR money. 

The central bank that controls YOUR currency. 

And once the national government is eventually pushed to default, you're going to be the one on the hook for it. 

Check out this interactive infographic we've put together to see for yourself how this all breaks down: 
Total US public debt

How long does it take to spend a trillion dollars?

75,024 days for trillion #1
Over these 205 years, America fought and won its independence, created an army and navy, engaged in worldwide imperialism, suffered through the Great Depression, fought two world wars and defeated the Nazis, developed nuclear technology, and sent people into space... 
427 days for trillion #19
What does America have to show for its latest trillion dollars in debt? Nothing.
Hover your mouse over each bar in the graph below to find out how many days it took for each successive trillion.
02468111315171910/1/17761/1/19684/1/19707/1/197210/1/19741/1/19774/1/19797/1/198110/1/19831/1/19864/1/19887/1/199010/1/19921/1/19954/1/19977/1/199910/1/20011/1/20044/1/20067/1/200810/1/20101/1/20134/1/2015In USD Trillions

Who owns the debt?

Social Security and othertaxpayer trust fundsForeign holders excluding Chinaand JapanFederal ReserveUS banking systemState and Local GovernmentsChinaJapan0.00.51.01.52.02.53.03.54.04.55.0In Trillion USD
"But we owe it to ourselves..."
The government owes most of this debt to YOU. YOUR pension fund. The banks where you hold YOUR money. The central bank that controls YOUR currency. They owe it to YOU.

No comments: