Source: Future Timeline
Below is a graph showing the total national debt of the USA.
The period 1900-2009 is based on data from the United States Treasury.*
The period 2010-2020 is based on estimates from the Congressional Budget Office.*
With the mainstream news focused on the Dow Jones Industrial Index making new record highs and US unemployment gradually coming down, here is some data from the US Department of Agriculture’s Supplemental Nutrition Assistance Program (SNAP) previously aka Food Stamp Program which shows that all may not be so rosy after all.
The chart below from Matt Trivisonno’s blog shows the SNAP Program Data from 1969 to 2012 on the annual average number of individuals receiving food stamps has hit a new record high.
Here is the chart from the Federal Reserve Bank of St Louis showing the exponential growth of the price of gold from 1968 to 2013. Notice the rise of gold price from 1971 – the year of the Nixon Shock. The current fiat monetary system we are on sees the need to have more units of currency (e.g. USD) to buy the same 1 ounce of gold. The purchasing power of fiat currencies like the USD are consistently falling.
Here is the chart from the Federal Reserve Bank of St Louis showing the exponential growth of the Fed’s balance sheet as a result of its intervention in the bond market buying the majority of the US Treasuries in its bid to create US treasury scarcity and to suppress interest rates. As of this post, the Fed’s balance sheet stands at $1.645 trillion dollars.
The chart above (from the St Louis Fed) shows the exponential growth of the base money supply (also known as M0) of the United States. (From Wikipedia) “The monetary base is highly liquid money that consists of coins, paper money (both as bank vault cash and as currency circulating in the public), and commercial banks’ reserves with the central bank.”
Notice the sharp increase of the base money supply during the 2008 crisis which show massive bailouts and monetization of debt.
If we look at the same monetary base chart all the way back to 1918 as seen above, we can see that it took about 90 years for the monetary base to grow to about $800 billion dollars. That’s nearly a century mind you. In the financial crisis of 2008, it took just 3-4 weeks after the collapse of Lehman Brothers for the US to double its monetary base to $1.6 trillion dollars. Doubling the monetary supply in a matter of weeks! What kind of wealth is this if it can be conjured out of thin air and doubled so easily in such large quantities!