America’s crippling debt: Every man, woman & child owes Uncle Sam $220,000

RAEL’S COMMENT:
“Uncle Sam”? No… but the Rothschild banks yes… What is needed is just a courageous government canceling all debts and reappropriating Central Bank by a nationalization without any compensation being paid and even with financial penalties for the bankers.

 

The spiraling US government debt is apparently much higher than the official figure of $22 trillion. The indebtedness of the American financial system has now reached $72 trillion, according to the numbers compiled by the US Fed.

The higher debt estimate includes corporate borrowings, consumer loans along with debts being added by state and local governments.

Over the past 40 years, the US Treasury has been borrowing at a rocketing rate with the state debt soaring from less than five trillion dollars during Ronald Reagan’s presidency, to $29 trillion when George W. Bush took the helm. The figure nearly doubled prior to the last financial crisis, having reached $54 trillion. Since then, the sovereign debt of the world’s biggest economy has increased by another $18 trillion.

The current US population stands at 328,675,066 according to the World Population Review. Simple calculations show that an average American owes some $220,000, while the share of a family of four is fluctuating around $880,000.

Last month, the US officially hit the debt ceiling with its limit expired on March 1. The Treasury Department will now have to take extraordinary steps to prevent the country from breaching the next debt ceiling by late September or early October.

 

https://www.rt.com/business/457603-us-soaring-debt-per-head/?fbclid=IwAR1aPmZHf2t8rmXl4zug0pGdXsYx98dxkWu4BKaXfQM3kEvXciLQvo7GTzc

Get the truth

Read the messages given to us by our creators during Rael’s UFO encounter in 1973! 

Other events

Follow Us

Rael Academy

you might also like

West’s selective treatment of Ukrainian refugees

RAEL’S COMMENT:  The only word which describes that is RACISM

Tennis icon claims booing ‘fuels’ Djokovic

RAEL’S COMMENT:  I would be same as him!

The brain may be able to repair itself

RAEL’S COMMENT:  So much time lost in regulation, authorization…. while a poison vaccine killing thousands of people is immediately authorized…

Ex-Louvre director faces criminal charges

RAEL’S COMMENT:  Europe always ready to pillage Africa…