FDIC: US Banks Crippled by $517 Billion Unfunded Liabililites
AND GUESS WHAT’S COMING DUE THIS YEAR?
$1 TRILLION REAL ESTATE LOANS, $15 TRILLION iN COMMERECIAL LOANS
AND $11 TRILLION IN US TREASURY BONDS = $27 TRILLION
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Chump change! How about the 10-12 TRILLION unfunded liabilities due to maturing Treasury Bonds held by foreign countries??? Countries are cashing them in but no money to pay them. Yellen’s annual bond sale auctions had no buyers. How are they going to pay 10-12 TRILLION in 2024???
The “debt” exists because a little over a century ago our government authorized global bankers to print on paper, call it money and lend it to us at interest. Surely our government can now authorize the printing of a 10-20 TRILLION note, or even a 1000-2000 TRILLION note to repay the global bankers with.
TRUMP RECEIVED $270K FROM S. ARABIA MONTHS AFTER FINALIZING ONE OF THE LARGEST ARMS DEAL IN US HISTORY WITH THE KINGDOM
Take Saudi Arabia’s payments to the Trump Hotel, which totaled $270,000 between November 2016 and February 2017. Those payments came just a few months prior to Trump finalizing one of the largest arms deals in US history with the kingdom. He also later went on to protect the Saudi crown prince, Mohammed bin Salman, after the brutal killing of Washington Post columnist Jamal Khashoggi.
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No gold standard. Money can freewill itself into death or money can freewheel itself into debt.