Christian Debt Recovery

Federal National Debt History

July 6th, 2008 |

Author: Gavin

federal national debt history

SECRETS OF THE FEDERAL RESERVE SYSTEM

The Federal Reserve is increasing the money supply faster than anytime in the nation’s history, more than the period between 1789 and 1987. Last year alone the U.S. added well over 1 trillion dollars to the existing deficit in the form of government bailouts and so forth. One of the biggest benefactors of the bailouts was AIG claiming 3 separate bailouts spanning a 7 month period for over 150 billion dollars. With the added 787 billion dollar stimulus package and the recent announcement of the Federal Reserve to buy up 1.75 trillion dollars of toxic mortgage debt you can put together the rest of the picture. In the past the U.S. has relied heavily on countries such as China, to lend us money and keep the deficit afloat. On September 25, 2008 China cut the U.S. off for all major lending, and encouraged their banks to follow suite. The Federal Reserve is losing places to borrow money and is now being forced to increase the money supply guaranteeing the devaluation of the U.S. currency.

There is good news. A majority of the increased money supply is still in Wall streets hands and hasn’t hit Main Streets. We have not felt the effects of inflation from the increased money supply of last year, or this year. Hyper inflation is on the way and you are still in place to hedge against it. Gold is at a great price and has recently been trading at $900.00 an ounce with a high of just over $1000.00 dollars an ounce. If you were to relate these prices back to the last economic crisis which was the late 1970’s to early 1980’s, factoring in inflation the current spot price of $900 an ounce is the same as $315 an ounce in the late 1970s. Using the same inflation adjustment, that means that the high of $850 an ounce in the early 1980s is the same as $2000 an ounce today. Today’s economy is far worse than the 1970s; and you will find gold hitting unprecedented highs in the coming times. Recent news publications such as Bloomberg, CNN, MSNBC, CBS Market Watch, CNBC and Fox Business Channel have all had experts on, predicting gold to hit $3000-$5000 an ounce in the coming times. The gold rush has just begun, and there is no better time to start protecting yourself from the impeding economic disorder. The dollars days are numbered and with gold being a limited resource, the time to put your wealth in precious metals is now.

To get started in precious metals as an asset acquisition visit www.regalassets.com

About the Author

Edric Richmond has been working in precious metals as an asset acquisition option for over 10 years and is currently a senior economic analyst for Regal Assets. For more information on precious metals as an asset acquisition option for your portfolio, visit http://www.regalassets.com

White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You

$11.73

America is mired in debt—more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and …

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

$8.04

Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America’s first national debt, which arose…