March 10, 2011
March 4, 2011
Harvard historian Niall Ferguson explains America's place in the new world economic order.
http://www.cnn.com/video/#/video/us/2011/03/04/gps.niall.ferguson.cnn?iref=allsearch
Yes, they did cut the part of that video with critical information that they don't want Americans to know about it.
Basically Niall Ferguson said: based on global history, and he mentioned many actual examples in the last 1,000 years - every time a superpower starts spending more money on interest expense related to its outstanding debt, than in defense spending â that is a major âRed Flagâ and a signal that the superpower has reached the end of the road, and the United States as you can see by these figures is reaching that point when empires die a quick and sudden death.
*****
US Defense Department Base Budget:
Year 2012 = US$ 553 billion
Year 2011 = US$ 549 billion
*****
Historical Data Fiscal Year End
US Interest Expense Fiscal Year 1988 to 2010
2010
$413,954,825,362.17
2009
$383,071,060,815.42
2008
$451,154,049,950.63
2007
$429,977,998,108.20
2006
$405,872,109,315.83
2005
$352,350,252,507.90
2004
$321,566,323,971.29
2003
$318,148,529,151.51
2002
$332,536,958,599.42
2001
$359,507,635,242.41
2000
$361,997,734,302.36
1999
$353,511,471,722.87
1998
$363,823,722,920.26
1997
$355,795,834,214.66
1996
$343,955,076,695.15
1995
$332,413,555,030.62
1994
$296,277,764,246.26
1993
$292,502,219,484.25
1992
$292,361,073,070.74
1991
$286,021,921,181.04
1990
$264,852,544,615.90
1989
$240,863,231,535.71
1988
$214,145,028,847.73
Source:
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
Public debt owned by foreigners has increased to approximately 50% of the total or approximately $4.5 trillion. As a result, nearly 50% of the interest payments are now leaving the country, which is different from past years when interest was paid to U.S. citizens holding the public debt.
Interest expenses are projected to grow dramatically as the U.S. debt increases and interest rates rise from very low levels in 2011 to more typical historical levels.
In a Nutshell: In the coming years as interest rates go up in the United States the âinterest expenseâ paid on the outstanding US debt will explode upwards, and by 2020 the US government is estimated to be spending about $ 800 billion in interest expense per year.
*****
US Historical Debt Outstanding - Annual 1981 - 2011
03/10/2011 14,285,000,000,000.00 = Obama
09/30/2010 13,561,623,030,891.79 = Obama
09/30/2009 11,909,829,003,511.75 = Obama
09/30/2008 10,024,724,896,912.49 = Bush Jr.
09/30/2007 9,007,653,372,262.48 = Bush Jr.
09/30/2006 8,506,973,899,215.23 = Bush Jr.
09/30/2005 7,932,709,661,723.50 = Bush Jr.
09/30/2004 7,379,052,696,330.32 = Bush Jr.
09/30/2003 6,783,231,062,743.62 = Bush Jr.
09/30/2002 6,228,235,965,597.16 = Bush Jr.
09/30/2001 5,807,463,412,200.06 = Bush Jr.
09/30/2000 5,674,178,209,886.86 = Clinton
09/30/1999 5,656,270,901,615.43 = Clinton
09/30/1998 5,526,193,008,897.62 = Clinton
09/30/1997 5,413,146,011,397.34 = Clinton
09/30/1996 5,224,810,939,135.73 = Clinton
09/29/1995 4,973,982,900,709.39 = Clinton
09/30/1994 4,692,749,910,013.32 = Clinton
09/30/1993 4,411,488,883,139.38 = Clinton
09/30/1992 4,064,620,655,521.66 = Bush Sr.
09/30/1991 3,665,303,351,697.03 = Bush Sr.
09/28/1990 3,233,313,451,777.25 = Bush Sr.
09/29/1989 2,857,430,960,187.32 = Bush Sr.
09/30/1988 2,602,337,712,041.16 = Reagan
09/30/1987 2,350,276,890,953.00 = Reagan
09/30/1986 2,125,302,616,658.42 = Reagan
09/30/1985 * 1,823,103,000,000.00 = Reagan
09/30/1984 * 1,572,266,000,000.00 = Reagan
09/30/1983 * 1,377,210,000,000.00 = Reagan
09/30/1982 * 1,142,034,000,000.00 = Reagan
09/30/1981 * 997,855,000,000.00 = Reagan
09/30/1980 * 907,701,000,000.00 = Carter
*****
As you can see by the above data: in the coming years the Defense budget will be reduced and move towards the $ 500 billion dollars per year level - at the same time that "Interest Expense on Outstanding US Debt" will explode upward into the $ 500 and $ 600 billion level.
The handwriting is on the wall: very soon the United States it will be spending more money on interest expense regarding its outstanding debt than on Defense spending.
You can see on this video the impact that a collapsing US dollar and International Monetary System will have on the global economy:
http://www.youtube.com/watch?v=PCAWqSNHRmI&tracker=False&NR=1
.
March 4, 2011
Harvard historian Niall Ferguson explains America's place in the new world economic order.
http://www.cnn.com/video/#/video/us/2011/03/04/gps.niall.ferguson.cnn?iref=allsearch
Yes, they did cut the part of that video with critical information that they don't want Americans to know about it.
Basically Niall Ferguson said: based on global history, and he mentioned many actual examples in the last 1,000 years - every time a superpower starts spending more money on interest expense related to its outstanding debt, than in defense spending â that is a major âRed Flagâ and a signal that the superpower has reached the end of the road, and the United States as you can see by these figures is reaching that point when empires die a quick and sudden death.
*****
US Defense Department Base Budget:
Year 2012 = US$ 553 billion
Year 2011 = US$ 549 billion
*****
Historical Data Fiscal Year End
US Interest Expense Fiscal Year 1988 to 2010
2010
$413,954,825,362.17
2009
$383,071,060,815.42
2008
$451,154,049,950.63
2007
$429,977,998,108.20
2006
$405,872,109,315.83
2005
$352,350,252,507.90
2004
$321,566,323,971.29
2003
$318,148,529,151.51
2002
$332,536,958,599.42
2001
$359,507,635,242.41
2000
$361,997,734,302.36
1999
$353,511,471,722.87
1998
$363,823,722,920.26
1997
$355,795,834,214.66
1996
$343,955,076,695.15
1995
$332,413,555,030.62
1994
$296,277,764,246.26
1993
$292,502,219,484.25
1992
$292,361,073,070.74
1991
$286,021,921,181.04
1990
$264,852,544,615.90
1989
$240,863,231,535.71
1988
$214,145,028,847.73
Source:
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
Public debt owned by foreigners has increased to approximately 50% of the total or approximately $4.5 trillion. As a result, nearly 50% of the interest payments are now leaving the country, which is different from past years when interest was paid to U.S. citizens holding the public debt.
Interest expenses are projected to grow dramatically as the U.S. debt increases and interest rates rise from very low levels in 2011 to more typical historical levels.
In a Nutshell: In the coming years as interest rates go up in the United States the âinterest expenseâ paid on the outstanding US debt will explode upwards, and by 2020 the US government is estimated to be spending about $ 800 billion in interest expense per year.
*****
US Historical Debt Outstanding - Annual 1981 - 2011
03/10/2011 14,285,000,000,000.00 = Obama
09/30/2010 13,561,623,030,891.79 = Obama
09/30/2009 11,909,829,003,511.75 = Obama
09/30/2008 10,024,724,896,912.49 = Bush Jr.
09/30/2007 9,007,653,372,262.48 = Bush Jr.
09/30/2006 8,506,973,899,215.23 = Bush Jr.
09/30/2005 7,932,709,661,723.50 = Bush Jr.
09/30/2004 7,379,052,696,330.32 = Bush Jr.
09/30/2003 6,783,231,062,743.62 = Bush Jr.
09/30/2002 6,228,235,965,597.16 = Bush Jr.
09/30/2001 5,807,463,412,200.06 = Bush Jr.
09/30/2000 5,674,178,209,886.86 = Clinton
09/30/1999 5,656,270,901,615.43 = Clinton
09/30/1998 5,526,193,008,897.62 = Clinton
09/30/1997 5,413,146,011,397.34 = Clinton
09/30/1996 5,224,810,939,135.73 = Clinton
09/29/1995 4,973,982,900,709.39 = Clinton
09/30/1994 4,692,749,910,013.32 = Clinton
09/30/1993 4,411,488,883,139.38 = Clinton
09/30/1992 4,064,620,655,521.66 = Bush Sr.
09/30/1991 3,665,303,351,697.03 = Bush Sr.
09/28/1990 3,233,313,451,777.25 = Bush Sr.
09/29/1989 2,857,430,960,187.32 = Bush Sr.
09/30/1988 2,602,337,712,041.16 = Reagan
09/30/1987 2,350,276,890,953.00 = Reagan
09/30/1986 2,125,302,616,658.42 = Reagan
09/30/1985 * 1,823,103,000,000.00 = Reagan
09/30/1984 * 1,572,266,000,000.00 = Reagan
09/30/1983 * 1,377,210,000,000.00 = Reagan
09/30/1982 * 1,142,034,000,000.00 = Reagan
09/30/1981 * 997,855,000,000.00 = Reagan
09/30/1980 * 907,701,000,000.00 = Carter
*****
As you can see by the above data: in the coming years the Defense budget will be reduced and move towards the $ 500 billion dollars per year level - at the same time that "Interest Expense on Outstanding US Debt" will explode upward into the $ 500 and $ 600 billion level.
The handwriting is on the wall: very soon the United States it will be spending more money on interest expense regarding its outstanding debt than on Defense spending.
You can see on this video the impact that a collapsing US dollar and International Monetary System will have on the global economy:
http://www.youtube.com/watch?v=PCAWqSNHRmI&tracker=False&NR=1
.
