In 1914, shortly after the Federal Reserve was created, the US national debt was $2.9 billion. Today, it's more than 5,000 times that.

by

Historical Debt Outstanding – Annual 1900 – 1949

The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.
To find more historical information, visit The Public Debt Historical Information archives.

Date Dollar Amount
06/30/1949 252,770,359,860.33
06/30/1948 252,292,246,512.99
06/30/1947 258,286,383,108.67
06/28/1946 269,422,099,173.26
06/30/1945 258,682,187,409.93
06/30/1944 201,003,387,221.13
06/30/1943 136,696,090,329.90
06/30/1942  72,422,445,116.22
06/30/1941  48,961,443,535.71
06/29/1940  42,967,531,037.68
06/30/1939  40,439,532,411.11
06/30/1938  37,164,740,315.45
06/30/1937  36,424,613,732.29
06/30/1936  33,778,543,493.73
06/29/1935  28,700,892,624.53
06/30/1934  27,053,141,414.48
06/30/1933  22,538,672,560.15
06/30/1932  19,487,002,444.13
06/30/1931  16,801,281,491.71
06/30/1930  16,185,309,831.43
06/29/1929  16,931,088,484.10
06/30/1928  17,604,293,201.43
06/30/1927  18,511,906,931.85
06/30/1926  19,643,216,315.19
06/30/1925  20,516,193,887.90
06/30/1924  21,250,812,989.49
06/30/1923  22,349,707,365.36
06/30/1922  22,963,381,708.31
06/30/1921  23,977,450,552.54
07/01/1920  25,952,456,406.16
07/01/1919  27,390,970,113.12
07/01/1918  14,592,161,414.00
07/01/1917   5,717,770,279.52
07/01/1916   3,609,244,262.16
07/01/1915   3,058,136,873.16
07/01/1914   2,912,499,269.16
07/01/1913   2,916,204,913.66
07/01/1912   2,868,373,874.16
07/01/1911   2,765,600,606.69
07/01/1910   2,652,665,838.04
07/01/1909   2,639,546,241.04
07/01/1908   2,626,806,271.54
07/01/1907   2,457,188,061.54
07/01/1906   2,337,161,839.04
07/01/1905   2,274,615,063.84
07/01/1904   2,264,003,585.14
07/01/1903   2,202,464,781.89
07/01/1902   2,158,610,445.89
07/01/1901   2,143,326,933.89
07/01/1900   2,136,961,091.67

“The national debt is now $20.1 trillion. That’s larger than the size of the entire US economy… but, the real story isn’t the number or the size of the debt itself. It’s the trend. And it’s not good.”
www.zerohedge.com/news/2017-09-12/real-story-behind-americas-new-20-trillion-debt
What matters is debt compared to income. Here’s a graph of federal debt as % of GDP.

 

4 thoughts on “In 1914, shortly after the Federal Reserve was created, the US national debt was $2.9 billion. Today, it's more than 5,000 times that.”

  1. lets see how this goes in oz of gold
    lets say $ 20 per troy oz … debt is say $3 billion …seems to be 150,000,000 oz or about 8,000 MT right ?
    10 oz per lb x 2,000 lbs = 20,000 / 150,000,000 = 7,500 Mt
    so in 2017 ..
    toz is 1,500 or so … debt is $20 Trillion so that would be … 13,333,333,333 toz
    and divided by 20,000 again is = 666,666.666 MT
    very odd

    Reply

  2. Something needs to be said. We are against the existence of irredeemable paper currency… central banking and central planning, cronyism… socialized losses and privatized gains… counterfeit credit… wealth transfers and bailouts…welfare both corporate and personal… all this means is …
    “The world will soon wake up to the reality that everyone is broke… and of course…you can NOT collect…from the bankrupt… who are owed unlimited amounts by the insolvent… with an unacceptable and worthless currency… against defaulted and “hypothicated-rehypothicated”…collateral…too which nobody is sure who holds title or its worth.”- RGR777…
    The government has always lied about every “financial crisis,” including what’s happening in Europe right now. And it’ll certainly lie about the next one, too.

    Reply

    • Don’t worry. THEY will kick off a major WW to eradicate the problem and 95% of the sheeple.
      .
      Co O, 75th INF, Artic Rangers
      .
      .www.kentuckychief.org for US Senate, Kentucky, 2020, Ditch da Mitch
      .
      NO BANKSTER, PoliTick, Judge, Crony Corporate Fascist or Traitor too Big to JAIL or Impeach!

      Reply

  3. ” The objective of the Banks is not the control of a conflict, its the control of the debt that a conflict produces. The real value of a conflict is in the debt it creates. You control the debt you control everything, this is the very essence of the Banking Industry, to make us all, whether we be Nations or Individuals, slaves to debt.” Eustace Mullens Secrets of The Federal Reserve

    Reply

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.