<<<< The Central Bank, aka The Fed, is "printing" more than $85 billion per month because we are over-spending our national income and cannot borrow more than is our current policy . . . . so we simply invent more money. All of this money goes to stabilize our banking industry. Our picture of the day is what $4 trillion in total "invented money" looks like . . . . . . . and we still need another $4 trillion to finish the job.
Joshua Green / Businessweek:
And the Media Myth concerning “default” continues.
The Central Bank, aka The Fed, is "printing" more than $85 trillion because we are over-spending our national income and cannot borrow more than is our current policy . . . . so we simply invent more money. Source: Demon-ocracy.info. |
While the Socialist Media owns public TV, the Patriot Nation has plenty of exposure in
the conservative media, with a host of
conservative blogs, and the cable news
giant, Fox. “They” make more noise than we do, but,
in the end and, in general terms,
the voting public eventually catches on to what is happening and when it
does, the ruling party is in
trouble. In this particular post, you have the beginning of what you need to know, to understand the truth of what might happen, why and how things should be. Tell a friend. Spread the word. After all, we are under assault by the enemy withing.
Me? I know the truth and do what I can to spread the word. On a daily and personal level, however, I seldom listen to
Hannity, Rush or Beck, although I love the guys. All that talk gets me a little too fired
up, so it is better for everyone in my
world, if I leave off the talk shows,
concentrate on telling the truth in this, my political blog, get out of the office by noon (I am up and publishing between 2 and 4 am every morning) and spend more time with my wife, my family (16 grand kids) and my motorcycle.
___________________
The fiscal year runs from October 1 through the end of September, each year. As you can see on the chart, below, October of 2014 will see the smallest monthly debt payment obligation for the year. But, before you get all excited, make note of the payments due for this coming June and December.
Chart source: The US Treasury Department.
___________________
The fiscal year runs from October 1 through the end of September, each year. As you can see on the chart, below, October of 2014 will see the smallest monthly debt payment obligation for the year. But, before you get all excited, make note of the payments due for this coming June and December.
Interest Expense Fiscal Year 2013 | |
---|---|
September | $19,843,542,012.01 |
August | $25,487,831,947.93 |
July | $25,076,777,459.95 |
June | $93,031,790,187.97 |
May | $24,378,480,861.09 |
April | $35,951,751,963.63 |
March | $23,472,400,737.30 |
February | $16,901,310,565.17 |
January | $17,816,590,831.57 |
December | $95,736,594,801.52 |
November | $25,068,968,472.99 |
October | $12,922,741,407.27 |
Fiscal Year Total | $415,688,781,248.40 |