Week 3 — Day 2
Introduction To The US Debt Clock
The Financial Crash of 2008 was personally devastating for me. Not the crash itself, it was the fact most of the 2000’s I was taking care of my parents. After my Mom's passing I became a stay-at-home son while taking care of my father. He passed in 2008. It was the fact that I had to start over financially completely from scratch in 2009. That was right after the 2008 Global Financial Crash and our economy just crumbled. But it taught me my biggest lesson in life so far. Don’t be SCARED, be PREPARED.
In the decade from 2010 – 2019 I was following the trends of the day very seriously. Following advice from my mentors and collecting financial data that was made public by the US treasury and other sources, I was in a rebuilding mode and my data was completely different than what I was hearing from the local and national news broadcasts. After reviewing my data, this is how I recall the facts as I remember them. To make a long story real short, I’ll sum this up in this short statement.
Fact #1
- From 1918 through 2008 (that’s 90 years) the Federal Government “borrowed into existence” $860 Billion (that’s $0.86T) to help run the country. Keep in mind, that’s less than $1Trillion over 90 years. In 2008 alone, the Federal Government “borrowed into existence” over $3 Trillion just to bail us out of the 2008 crash. And the years between 2008 – 2012, the total amount “borrowed” was whopping $5 Trillion.
Watch the video below to the very end to verify these numbers.
©2020
To view the US DEBT CLOCK in real time
In 2020 the US National Debt was $25 Trillion. Check the statistics in the video above. Click the button above the see the statistics live and in real time. How much is the National Debt today? How much did the US Debt increase since 2020? You'll never hear those statistics on the National News today !! "They" don't want you to know !!
Fact #2
- The years between 2020 and 2022 will go down in history as the Great Trifecta. (1) The Covid-19 Pandemic, the (2) Great Financial Collapse of 2020, and the (3) Global Supply Chain failure. The cracks in our global economy still continue to form with Increased Inflation, the Great Resignation, and an Impending Recession.
History is about to repeat itself, again. That’s what it does. Here’s a fact they didn’t teach you in school. The Great Depression created more millionaires than any other time in history, up to that time. During the recovery years from the 2008 Financial Collapse, the 1st Centi-Millionaire emerged.
And during the Great Trifecta, while we were experiencing the Financial Collapse of 2020, the highest unemployment since the Great Depression, an entire economic shutdown, and over 1 million deaths from Covid-19 in the US alone, 8 more Centi-Millionaires emerged. While the purchasing power of the middle class is being strangled, and inflation is at a 40 year high. And the “Rich are getting Richer”.
Please SUBSCRIBE to website and leave a comment below.
Until my next post,
Steve