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<?xml-stylesheet type="text/xsl" href="http://mises.org/community/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>F Dominicus Blog : Obama biggest lender</title><link>http://mises.org/community/blogs/fdominicus/archive/tags/Obama+biggest+lender/default.aspx</link><description>Tags: Obama biggest lender</description><dc:language>en</dc:language><generator>CommunityServer 2008.5 SP2 (Build: 40407.4157)</generator><item><title>USA down we want, the faster the better</title><link>http://mises.org/community/blogs/fdominicus/archive/2012/10/29/usa-down-we-want-the-faster-the-better.aspx</link><pubDate>Mon, 29 Oct 2012 06:43:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:499753</guid><dc:creator>Friedrich Dominicus</dc:creator><slash:comments>0</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=499753</wfw:commentRss><wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=499753</wfw:comment><comments>http://mises.org/community/blogs/fdominicus/archive/2012/10/29/usa-down-we-want-the-faster-the-better.aspx#comments</comments><description>Well the US likes to go down. It seems they dislike the idea of being one major player in the markets. They also do 
not like to stay the &amp;quot;land of the free&amp;quot;. This election campaign is really a new milestone of sad (and) badness. 
&lt;p&gt;
Obama has still now idea, what to do. He and his &amp;quot;folks&amp;quot; are completely unable or unwilling to have a balanced budget. And the stupid
Americans, don&amp;#39;t seem to care. Civil rights is getting in the background and gets worse by the day. The poverty is raising, and now they
simply &amp;quot;modify&amp;quot; statistics to not reflect that. Again I don&amp;#39;t know what the bureaucrats hope to win. But it seems Obama wants
big state and big  machinery. He does not even care who has to pay the bill. Really that Obama will be reelected is a &amp;quot;hallmark&amp;quot; of stupidness
of the people voting. Maybe they believe they won&amp;#39;t be the gainers. But  the US at all is on the loosing path.
&lt;/p&gt;

&lt;p&gt;
And Romney can not make anything out of the inaptness of Obamas  regime. Indeed, he&amp;#39;s  a mercantilist out of  a picture books. The only real alternative
Pauls is discredited. But he&amp;#39;s the only one how really wants to cut back on the bureaucracy side. He&amp;#39;s the only one who does not want the US-Soldiers be slaughtered anywhere
else in the World but for defending the US. But the USA on the whole is  a country in a permanent (undeclared) war. There is nearly not one years since Vietnam, where the US are not
involved or fighting in mostly undeclared wars.  
&lt;/p&gt;

&lt;p&gt;
One undeclared war is government vs their own people and visitors to the US. One reason I will not fly into the US for as long as this law about getting my fingerprints is active. 
I more and more come to an agreement with all the weapon freaks in the US. There is an undeclared war against their own population. And you better be armed if such a brute force
as the US military is inflicted on you.
&lt;/p&gt;

&lt;p&gt;
What I never will understand is why the US go down that path. The &amp;quot;land of the free&amp;quot; is a land of bureaucracy and it seems Mr Orwell has describe the current USA in 1984. Yes there may be some kind
of free speech but for many there ain&amp;#39;t no civil rights any more and the citizens agree to that? I guess I have some ideas about the economic side of the workings of states, but I&amp;#39;m probably bad at anything else. But I would not be suprised to see a civil war in my lifetime in the US. If more and more forces are there, they will get used by politicians, especially dangerous are winners of the peace Nobel prize.
&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;&lt;img src="http://mises.org/community/aggbug.aspx?PostID=499753" width="1" height="1"&gt;</description><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/freedom/default.aspx">freedom</category><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/Obama+biggest+lender/default.aspx">Obama biggest lender</category><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/USA+in+peril/default.aspx">USA in peril</category><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/end+the+government/default.aspx">end the government</category><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/stop+violence/default.aspx">stop violence</category><category domain="http://mises.org/community/blogs/fdominicus/archive/tags/down/default.aspx">down</category></item><item><title>What do they think</title><link>http://mises.org/community/blogs/fdominicus/archive/2011/02/17/what-do-they-think.aspx</link><pubDate>Thu, 17 Feb 2011 06:00:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:399708</guid><dc:creator>Friedrich Dominicus</dc:creator><slash:comments>0</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=399708</wfw:commentRss><wfw:comment xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=399708</wfw:comment><comments>http://mises.org/community/blogs/fdominicus/archive/2011/02/17/what-do-they-think.aspx#comments</comments><description>I just will first start with 2 numbers

&lt;p&gt;
3 800 000 000 000
&lt;/p&gt;



&lt;p&gt;
1 300 000 000 000
&lt;/p&gt;

&lt;p&gt;
Now let&amp;#39;s see how this numbers are &amp;quot;related.&amp;quot;  Let&amp;#39;s see
1 300 000 000 000 / 3 800 000 000 000 = 0.34211

or in per cent 34.211 %.
&lt;/p&gt;

&lt;p&gt; So what?
&lt;/p&gt;


&lt;p&gt;
Well the US budget consists of 34.21% new debts. 

Let me break it down for you. 
You are earning 66 000 Dollar and you &amp;quot;spend&amp;quot; &amp;quot;100 000&amp;quot; Dollar.
&lt;p&gt;

&lt;p&gt;
The calculate the deficit will go down to 700 000 000 000 in 2014 (see http://www.usatoday.com/news/washington/2010-02-01-budget-obama_N.htm)
&lt;/p&gt;

&lt;p&gt; 
Let us assume a linea decrease over this 4 years so we&amp;#39;d have roughly 1.3 + 0.7 = 2.0 / 2 = 1.0 
So overall 1 000 000 000 000 new debts over the next four years for every coming year. 
&lt;p&gt; 

&lt;p&gt;
The official debts of the US are nearing the 14 000 000 000 000. So we add another 4 / 14 = 28.6 % to this  enourmous sum. And this are just the official figures. 
Not included are every promise for retirement payments and probably a few thousand other &amp;quot;things.&amp;quot;
&lt;/p&gt;

&lt;p&gt;
For just the 4 000 000 000 000 in the next 4 years the US will  have to pay (assuming 5% interest) 200 000 000 000 a year. Just to get that &amp;quot;figure&amp;quot; right The German overall budget is 
around 389 000 000 000. The overall interest to be paid will go up to 18  000 000 000 000 * 0.05 = 900 000 000 000
&lt;/p&gt;

&lt;p&gt;
Let as assume that the budget will not grow (ha ha ha). So in 2014 the US has to pay 900 000 000 000 / 3 800 000 000 000 = 23.7 % 
&lt;/p&gt;

&lt;p&gt;
Nothing can grow forever and so they still face a new debts in 2014 than the end is near. It would mean the  new debts of roughly 1 trillion  is needed to just pay the interests. It&amp;#39;s absolutely impossible to bear. You can not us new debts to pay all debs for &amp;quot;long&amp;quot;. One still has to remember each year the interest raised around nearly a trillions. So something will happen. Past times show, inflation is the most likely outcome which let&amp;#39;s back to my &lt;a href="http://mises.org/Community/blogs/fdominicus/archive/2011/02/04/my-predictions.aspx&amp;quot;"&gt;My Predictions&lt;/a&gt;
&lt;/p&gt;

&lt;p&gt;
Just see how others react on such debt avalanches: http://news.bbc.co.uk/2/hi/business/8518438.stm. See that the is  the world largest holder of governement bonds all over the world.
See some discussions about the implications at: http://www.federalbudget.com/
&lt;/p&gt;

&lt;p&gt;
It&amp;#39;s worse than I could ever imagine. And it has started with &amp;quot;just&amp;quot; the 700 billions of Paulson.... I&amp;#39;ve always written against this kind of madness. But you know the deledefs know &amp;quot;better&amp;quot;....

&lt;/p&gt;

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