September 11, 2011
Read Full Article
(The following is an excerpt from the September issue of The Dollar Vigilante)
Last month we marked the 40th anniversary of the Federal Reserve Note being a completely unbacked fiat currency. This month marks another major event in the demise of the US dollar, September the 11th.
While we’ve been on a one way road to monetary ruin since at least 1913 the response to the events of September 11, 2001 have greatly accelerated the process.
On September 11, 2001, the total US Federal Government debt was $5,773,172,068,291.89 ($5.77 trillion). Today, on September 11, 2011, the total debt is $14,685,550,385,913.19 ($14.68 trillion). A 154% increase in total treasury debt in only the span of a decade.