No Future for young Whites: US Debt $30 trillion (or $200 trillion?) and growing: Famed investor says young Americans will pay for mounting US debt
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Pic: AWESOME MEME: 1934 Machine Guns When White Society was responsible Gun Laws
Whites have never been babies. We do many dangerous things without even thinking about it. In 1934, even a child could order a machinegun by mail order. There were zero school shootings back then.
[The Jews are literally stealing the entire Western world, when you see all the nonsense they're getting up to. Their scams are insanely enormous. Jan]
Despite the official figure of $30 trillion, actual US debt may be multiple times larger
Famed investor says young Americans will pay for mounting US debt
US national debt topped $30 trillion for the first time in history last month, spurred on by high borrowing during the Covid-19 pandemic, according to data from the Treasury Department. However, Jim Rogers, legendary investor and co-founder of the Quantum Fund alongside George Soros, says the actual debt amount is likely to be much higher than Washington admits.
“That is just what they admit. It is the on-balance sheet debt, but there’s dozens of trillions more debt off-balance sheet,” Rogers said, in a note to RT. The actual debt volume is difficult to calculate, especially since the start of the Covid-19 pandemic and all the pressures it brought about. Still, the investor “once figured it out as over $200 trillion,” nearly seven times more than the officially recognized sum.
According to Rogers, the US has no chance of climbing out of the current debt hole, and the strategy that’s being implemented is to sit and wait until the younger generation has to deal with the problem.
“The endgame is to keep hoping because they hope it will be someone else’s problem someday. It is not a good time to be a young American,” he stressed.
The US owes a wide variety of creditors, and the debt is roughly divided into public debt and intragovernmental debt. The latter is owed by US Treasury to other federal agencies. The public debt represents funds owed to foreign governments (Japan being the largest holder), US banks and investors, the Federal Reserve, state and local governments, pension funds, insurance companies, and savings bonds. Most economists agree that national debt at a certain level is necessary to push the country’s economic growth. However, if it becomes too large it can result in cuts to government programs, to tax and interest-rate hikes, which in turn would propel prices and trigger an economic crisis.
Video: S.Africa: SECESSION: The ONLY HOPE for Whites: My discussion with a Lawyer
Secession, secession, secession! This is the JET AIRCRAFT to Freedom for Whites in South Africa. Nothing else has the potential of this concept. Youll understand why I think this is the most awesome thing that anyone in South Africa can do. In this video youll hear a detailed discussion with my attorney who did a lot of legal work on secession along with other attorneys.