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Judge Andrew Napolitano's 3min 23s Econ Biscuit, for Mises.org: "Debt Destroys!" America is still paying back Wilson's WWI Debt!

The Mises View: "Government Debt Addiction" | Judge Andrew P. Napolitano

http://youtu.be/1ftNoFEytFM
misesmedia
Published on Oct 23, 2013

Judge Napolitano discusses one way the federal government destroys prosperity. Napolitano is Distinguished Scholar in Law and Jurisprudence at the Mises Institute. For more information, visit the Mises Institute online at mises.org.

** Rhetorical: think the Keynesian statist fascists will ever heed his words, even if they are succinct, econ-reality-warnings?

Stay tuned...like forever...




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Great video...

...Love the Judge and how he articulates his words so well.

He is very concise and to the point.

Judge Nap for Prez! :)

Good stuff AnCap!

Keep your eye on the prize! - Ending legal tender laws in order for the Federal Reserve System to self-destruct is of the upmost importance.
What in the World are They Spraying https://www.youtube.com/watch?v=jf0khstYDLA
http://geoengineeringwatch.org

It you load these numbers into a spreadsheet,

set up a new column to calculation the compound growth of the 1900 value at 8.295% annually, the numbers you generate will on average match (least squares best fit) the actual growth in this debt as shown here. You can then continue the compounding into the future and see for example the debt grows to $30.395 trillion in 2020 and $67.435 trillion in 2030.

The economy cannot possibly grow at this rate, so the spread between the debt and the GDP will increase, making the debt an even greater disaster. In my view the economy cannot possibly grow because of the dampening effect of the overhanging debts including this bonded debt, and the unfunded debts of the federal government, the bonded and unfunded debts of States, and the general level of private debt, all of which have a very depressing effect on economic expansion. Additionally the cost to acquire energy is increasing exponentially, requiring greater and greater total production each year just to stand still, so the probably is higher that we will have economic contraction, not economic expansion.

And even more ominous for the federal debt, is that if you simply forget the debt going back to 1900 and just start with the 2007 value, the beginning of the current financial crisis, the rate of compounding required to match the actual values from 2007 to 2012 is 12.265%. Not only are we facing compound growth, but the rate at which the compounding is occurring is increasing, moving us even faster to the point where this exponential curve collapses, i.e., the point where default occurs.

Break out "The End is Near" signs an get ready to picket.

1900 2,136,961,091.70
1901 2,143,326,933.89
1902 2,158,610,445.89
1903 2,202,464,781.89
1904 2,264,003,585.14
1905 2,274,615,063.84
1906 2,337,161,839.04
1907 2,457,188,061.54
1908 2,626,806,271.54
1909 2,639,546,241.04
1910 2,652,665,838.04
1911 2,765,600,606.69
1912 2,868,373,874.16
1913 2,916,204,913.66
1914 2,912,499,269.16
1915 3,058,136,873.16
1916 3,609,244,262.16
1917 5,717,770,279.52
1918 14,592,161,414.00
1919 27,390,970,113.12
1920 25,952,456,406.16
1921 23,977,450,552.54
1922 22,963,381,708.31
1923 22,349,707,365.36
1924 21,250,812,989.49
1925 20,516,193,887.90
1926 19,643,216,315.19
1927 18,511,906,931.85
1928 17,604,293,201.43
1929 16,931,088,484.10
1930 16,185,309,831.43
1931 16,801,281,491.71
1932 19,487,002,444.13
1933 22,538,672,560.15
1934 27,053,141,414.48
1935 28,700,892,624.53
1936 33,778,543,493.73
1937 36,424,613,732.29
1938 37,164,740,315.45
1939 40,439,532,411.11
1940 42,967,531,037.68
1941 48,961,443,535.71
1942 72,422,445,116.22
1943 136,696,090,329.90
1944 201,003,387,221.13
1945 258,682,187,409.93
1946 269,422,099,173.26
1947 258,286,383,108.67
1948 252,292,246,512.99
1949 252,770,359,860.33
1950 257,357,352,351.04
1951 255,221,976,814.93
1952 259,105,178,785.43
1953 266,071,061,638.57
1954 271,259,599,108.46
1955 274,374,222,802.62
1956 272,750,813,649.32
1957 270,527,171,896.43
1958 276,343,217,745.81
1959 284,705,907,078.22
1960 286,330,760,848.37
1961 288,970,938,610.05
1962 298,200,822,720.87
1963 305,859,632,996.41
1964 311,712,899,257.30
1965 317,273,898,983.64
1966 319,907,087,795.48
1967 326,220,937,794.54
1968 347,578,406,425.88
1969 353,720,253,841.41
1970 370,918,706,949.93
1971 398,129,744,455.54
1972 427,260,460,940.50
1973 458,141,605,312.09
1974 475,059,815,731.55
1975 533,189,000,000.00
1976 620,433,000,000.00
1977 698,840,000,000.00
1978 771,544,000,000.00
1979 826,519,000,000.00
1980 907,701,000,000.00
1981 997,855,000,000.00
1982 1,142,034,000,000.00
1983 1,377,210,000,000.00
1984 1,572,266,000,000.00
1985 1,823,103,000,000.00
1986 2,125,302,616,658.42
1987 2,350,276,890,953.00
1988 2,602,337,712,041.16
1989 2,857,430,960,187.32
1990 3,233,313,451,777.25
1991 3,665,303,351,697.03
1992 4,064,620,655,521.66
1993 4,411,488,883,139.38
1994 4,692,749,910,013.32
1995 4,973,982,900,709.39
1996 5,224,810,939,135.73
1997 5,413,146,011,397.34
1998 5,526,193,008,897.62
1999 5,656,270,901,615.43
2000 5,674,178,209,886.86
2001 5,807,463,412,200.06
2002 6,228,235,965,597.16
2003 6,783,231,062,743.62
2004 7,379,052,696,330.32
2005 7,932,709,661,723.50
2006 8,506,973,899,215.23
2007 9,007,653,372,262.48
2008 10,024,724,896,912.40
2009 11,909,829,003,511.70
2010 13,561,623,030,891.70
2011 14,790,340,328,557.10
2012 16,066,241,407,385.80

And extended into the future at a 8.295% compounded growth rate.

2013 17,399,887,949,907.80
2014 18,843,208,655,352.60
2015 20,406,252,813,314.10
2016 22,098,951,484,178.50
2017 23,932,059,509,791.20
2018 25,917,223,846,128.30
2019 28,067,057,564,164.70
2020 30,395,219,989,112.10
2021 32,916,503,487,209.00
2022 35,646,927,451,473.00
2023 38,603,840,083,572.70
2024 41,806,028,618,505.00
2025 45,273,838,692,410.00
2026 49,029,303,611,945.40
2027 53,096,284,346,556.30
2028 57,500,621,133,103.10
2029 62,270,297,656,094.00
2030 67,435,618,846,667.00
2031 73,029,403,429,998.10
2032 79,087,192,444,516.40
2033 85,647,475,057,789.00
2034 92,751,933,113,832.60
2035 100,445,705,965,625.00
2036 108,777,677,275,474.00
2037 117,800,785,605,474.00
2038 127,572,360,771,448.00
2039 138,154,488,097,440.00
2040 149,614,402,885,123.00
2041 162,024,917,604,443.00
2042 175,464,884,519,732.00
2043 190,019,696,690,644.00
2044 205,781,830,531,133.00
2045 222,851,433,373,690.00
2046 241,336,959,772,038.00
2047 261,355,860,585,128.00
2048 283,035,329,220,665.00
2049 306,513,109,779,519.00
2050 331,938,372,235,730.00

Or extended into the future using a 12.165% compound rate based on a 2007 beginning point:

2013 18,033,413,860,649.90
2014 20,245,212,070,658.60
2015 22,728,287,331,124.90
2016 25,515,911,772,287.30
2017 28,645,438,351,158.40
2018 32,158,801,364,927.90
2019 36,103,078,352,336.30
2020 40,531,120,912,250.40
2021 45,502,262,892,137.90
2022 51,083,115,435,858.60
2023 57,348,459,544,066.70
2024 64,382,248,107,146.50
2025 72,278,730,837,488.00
2026 81,143,717,174,705.90
2027 91,095,994,086,183.60
2028 102,268,917,760,854.00
2029 114,812,200,524,223.00
2030 128,893,916,918,519.00
2031 144,702,755,828,575.00
2032 162,450,548,830,950.00
2033 182,375,108,645,066.00
2034 204,743,415,720,383.00
2035 229,855,195,658,488.00
2036 258,046,935,406,001.00
2037 289,696,392,033,547.00
2038 325,227,654,516,462.00
2039 365,116,826,342,906.00
2040 409,898,405,093,864.00
2041 460,172,444,478,626.00
2042 516,612,594,793,929.00
2043 579,975,129,545,405.00
2044 651,109,079,184,149.00
2045 730,967,607,746,085.00
2046 820,620,784,836,142.00
2047 921,269,924,096,295.00
2048 1,034,263,680,286,710.00
2049 1,161,116,120,673,870.00
2050 1,303,527,012,874,520.00

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

i know he lost weight

but answer me this , does the judge have cancer ? and just waiting his time out getting as much exposure as he can before he blinks out of existence ?

"He's this eccentric Ghandi-Like figure that you cant touch with the normal bribes that people respond to."
the man Doug Wead on DR. RON PAUL

His hair is no longer gray. Proper nutrition rocks!

Baggy skin takes longer to respond.

Free includes debt-free!

He stopped Wheat intake...

.

where did we barrow money from

during wwI

Americans bought war bonds

so that the US could loan the money to the allies, from what I understand. See the link: http://news.bbc.co.uk/2/hi/uk_news/magazine/4757181.stm . It is complicated but, the only country that paid back the debt was Finland. If anyone knows the simple answer, please help.

US Treasury keeps the records,

As well as the records of the Federal Reserve members.

Why not audit the Treasury, besides the fact that there has never been any treasure since day one. Not one copper penny that wasn't owed to Congress' debtors.

At the debt's nadir in 1835, Congress owed One silver dollar for every 400 people by census.

No it's over 30oz Gold per person.

Free includes debt-free!

And creditors are still collecting interest.

Congress works for them not for the people they represent.

When Congress is prohibited for borrowing then representative democracy can form credible republic.

Free includes debt-free!