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Thank God we'll all be billionaires by then!
BIS is so wrong. The USA will be there well before 2015 or we might have a name change.
And it shall be named Octavia!:
All hail Octavia!
Damn ... I'm still holding my Money Markets waiting for the Great Deflation
errrr... the united states will not be around in 30 years. sorry to burst your bubble.
Yup, Planet Earth may become a wasteland by then
WTB Pip-Boy 3000 PST
Arnold, who is your avatar?!
It'll be a round but it'll be ripped to shreds by a massive quake through the apalachians. Everything from chicago to the gulf will be a wreck.
All you guys are complaining about the amount of debt taken on, well the only way the system survives is if someone takes on more and more at an exponential rate. There is only one problem after about 60 years exponential growth is a bitch.
It was a pyramid scheme from the beginning, I don't know why everyone is complaining now.
I complain because I can. Also, one hopes it will help build credibility post-collapse to have been a complainer rather than one of those who just went along with the idea that all was still well.
It's 2030? Because there's so much hidden crap if it's not at 190% right now I'll eat my hat.
Are we supposed to be impressed with the numbers?? I thought postings were to convey some meaning...wait here is a good one for you: 11/27/2006 13,827,635,252,840,3262,937,624,372,947,234,372 JW is a LOSER.
It's code! Didn't you see "Knowing" ... decode the numbers and you will know when The End will come.
i would rather come at the end.
And after more than 19 seconds!
Sounds like we need a "Bad Nation" that everybody can dump their bad paper on...
Lichtenstein, or however it is spelled.
Really, at some point isn't Jubilee the only answer? However, I think it probably comes after the first three events on this list:
Then drop it like an old Vegas hotel and start over again.
All signs are pointing to the US as being the selected "bad nation."
I vote Germany. Wait that's been done twice already.
How about China?
Excessively alarmist, caused by not reading Prof. Krugman's column this morning and drinking weak coffee. Prof. Special K assures us that government "penny pinching" is the real problem, a failure to take to heart the Keynesian solution to all things cyclical. All we need to do is to reverse the arrow of time to 1945, when the U.S. knew how to take control by becoming the world's factory and shipping goods all over the world to demolished countries. The crazy BIS is assuming this is NOT 1945, and that the U.S. economy is a hollowed-out shell based on borrowing and government bailouts. No wonder they got it so far wrong!
Prof. K-man also kinda sidestepped the issue of what it took to take that amount of debt in 1940s. I do not quite understand if he presumes that modern investors would gobble up modern 'non-war' bonds with good enough appetite to buy that much of gov. debt, esp. while they know from the same prof's musings what should happen to the money.
Ummm, yeah! It's easier to sell bonds to people when it is for a noble cause like fighting a just war. If some govt flunky shows up at my door to sell save the boomer bonds, I, like most people will spit in his face. Why do you think the govt is enacting all this legislation to grab offshore assets and stuff 401ks full of treasuries. Politicians may be the world's worst money managers, but they are experts when it comes to human nature.
I love special K's tinkerbell outlook.
We'll just skip from 1930 to 1945, avoiding all the bad stuff in between, and everything will be fine!
Now, everyone clap your hands, and say with me "I believe in fairies, I believe in fairies, I believe in fairies..."
How can this report be construed as troubling or negative news? A 400% debt to GDP ratio means the party will continue with bailouts for all. Japan writ large. A big positive for equities and commodities if you ask me (but nobody does).
Check graph 4 again. According to the charts Japan wins with a high score of 600. You guys really need to spend more time on the sports blogs.
This so called debt is a good thing because the government can take over the economy under the commerce clause and everything will be fine.
Let me do some calculations here.... Let's see, zero divided by zero...
Only on a calculator, ..., as for the bung holes in D.C., well that's a rhetorical question.
NO, no, no it's not zero. It's negative and negative numbers are now a commodity... like gold.
Everybody is swapping and trading each others debt. It's the new economy. More debt means more money.
Hey, not to be an alarmist, but, your bag is on fire.
Hey, reading ZH always gets me hot under the collar.
I don't know. Hard to believe the U.S. will exist in its current state by then.
Or as "a" state by then.
That's the whole point.
If you believe any of the crap printed on Alex Jones' Prison Planet, the crem de la crem of the elite world known to the pitchfork crowd as the Bilderberger group has decided that the global recession should continue for at least one more year.
And, as pointed out on ZH for the last year the whole run up in the ponzi markets is just a ruse to sucker in the, well, ahem, the suckers, before the Vampire Squid, et al, jump in and devour the victims like a school of piranhas.
With the whole end game being the development of regional governments controlled through the Master Blasters in the UN. Who control barter town?
With three regional spheres of influence including the North American Union, the European Union, and some Pan-Asian Union consisting of Japan, China and southeast asia.
Looks more like Oceana, Eurasia, and Eastasia to me.
Say PE. Would you happen to know the price of an acre of land next to the now defunct Yucca Mountain facility?
Exactly no way this party goes on to 2040.
Bingo. We don't even make it through the decade.
Collapse/Jubilee/Default/World-War-IV comes well before 2040.
By 2012 we will have a new calendar anyhow. Can't start a right and proper New World Order based on a stupid calendar based on whats-his-name's birth. Gotta start all over.
When this whole false, debt-fueled and debt-filled economy AND monetary system finally collapses, somehow saying "I told you so!" to the innumerable sheep and corrupt establishment defenders will be small consolation.
I will, however, get a bit more satisfaction by then asking them:
hmmm... lots of hockeysticks....
Indeed, there are many gun owners here.
If you count the 5 trillion Fanny Mae (2008 figure) and add it to the 12.7T figure...
17.7 trillion/13.8trillion= 125%...(Greece is 108%)
Just by the acknowledged debts the game is over.
Reagan ran up a 125% + National debt number and we made it 30 years post that event... but yes, this time its all over! this time is different!
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