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The United States of America currently has approx. 77 trillion dollars worth of assets and 113 trillion in debt that is including all the money in reserve. so no the Us does not have enough money in reserve to pay out its debt.
What else can I help you with?
What is the term used for an amount of money borrowed by the government and the interest on the money that is borrowed?
The term used for an amount of money borrowed by the government, along with the interest on that borrowed amount, is called "public debt" or "national debt." This debt arises when a government finances its expenditures by issuing securities, such as bonds, to investors. The interest paid on these securities represents the cost of borrowing.
Where does collected IRS money go?
To the Federal Reserve to pay for the interest on the Government's debt. The Fed is owned by J.P. Morgan's, The Bank of America and other privately owned banks. So your money goes to a man named Rothschild and there's not a damned thing anyone can do about it. Cheers
Is debt consolidation ever a good idea?
Debt consolidation can be a useful plan when you have a lot of high interest bills to pay. As long as you have enough reserve capital to pay the consolidated loan, it is a good idea.
The money owed by the government to its creditors is what?
All money owed by its creditors is the money to the Federal Reserve. All money borrowed is at a 5 percent rate on the government books. But, to understand this you must know about money vs. Credit. Credit is not money. Credit is just what it states, Credit. When you purchase with credit card this is just that credit only, no money changed hands so therefore NO consideration moved. Without consideration there is NO valid debt. I have proved this 3 times in court case of my own doing. Federal Reserve is A private cartel of money laundering. These banks was suppose to be the bank of last resort, but, became the only bank. The Federal Reserve has made about 700 percent profif the last 10 or so years and pay NO Federal income taxes, NONE.
What is the money or country has borrowed called?
The money that a country has borrowed is referred to as its "national debt" or "government debt." This debt is typically issued in the form of bonds or loans, which the government must repay over time, usually with interest. It can be held by domestic and foreign investors, including individuals, institutions, and other governments.
What the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
What is the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
What is your national dept as of today?
The amount of national debt owed by our country (presumably United States) is around $11 trillion. To whom is the government to pay back the debt to? There are many entities that lend money to the US government. The most obvious ones are foreign countries such as China and Japan. The US government issues bond certificates to these countries, its an agreement to the countries lending the money that US will pay back the money loaned. Citizens also can give money to their government by buying bonds which will pay back interest depending on the time of maturity (that is for however many years you will let the government keep that money). Another way US government accumulates debt is by borrowing from the Federal Reserve at an interest. One might say how can the government borrow money from itself. Well, the "Federal" Reserve isn't really "FEDERAL". Its a private institution that came into existence in 1913. The head of Federal Reserve is appointed by the President but all decisions are made by group of private individual in secrecy. Ever since the financial coup of the US by "Federal" Reserve, our debt has been steadily increasing in part by the interest accumulated over the amount borrowed. This debt can not be ever paid off in practice until the power to create and regulate money is restored to the government and "Federal" Reserve is abolished. For more info about Federal Reserve this informative video can be watched at google video at the following link: http://video.google.com/videoplay?docid=5232639329002339531
How is monetary base related with inflation?
The monetary base has been historically correlated with inflation and government debt. Increasing government debt results in an increase of the money supply, as the Federal Reserve buys the debt (Treasurys) with created money. Increases in the money supply are commensurate with an increase in inflation, per historical measures. (Reference: http://www.econideal.com/2011/08/national-debts-debt-monetization-and.html) From 2008 to 2012, the adjusted monetary base has exploded to keep government and mortgage borrowing costs low.
What is public and national debt?
Public debt is the money owed by any one branch of the government. National debt is the money owed by all the branches of government.
How does the federal reserve monetize debt?
The FED monetizes debt by printing money. Then using that money to purchase government bonds. The bonds are sold as a method of covering deficit. The problem lies in the fact that when this happens it causes Aggregate Demand to increase and results in inflation. If the government continually does this, it traps the monetary system into a spiral of increasing inflation and increasing unemployment.
How rich is Jackson?
he has enough money to get America out of debt
Who pays for dams to be built?
us... the government... it most probably comes out of taxes. that is why they take so long to build( the government collecting enough money for the job) and that is also why this country is in debt.
What causes national debt?
Government taking money
What is the United States debt ceiling?
The United States debt ceiling is a debate about government spending and debt. It discusses putting limits on the amount of debt the government can be in at any time and how much money the government can spend.
Does Steve jobs have more money than the government?
No. Nobody has more money than the U.S. Government. Or, you can argue the Government has no money at all and is in debt.
How rich is Jackson Donovan?
he has enough money to get America out of debt
