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Democrats To Seek Stunning $1.9 Trillion Increase In Debt Ceiling To $14.3 Trillion
From Dow Jones:
Senate Democrats are to seek an increase to the federal government's borrowing limit by $1.9 trillion lifting the total amount the U.S. government can owe to $14.294 trillion, several congressional aides said Wednesday.
The increase is forecast to support the federal government's borrowing needs the end of 2010, one Senate Democratic aide said.
The borrowing hike comes fast on the heels of a $290 billion increase to the debt ceiling agreed to by lawmakers at the end of 2009.
Update: Reader Steak points out the following piece of debt ceiling management insight from Politico:
President Barack Obama is expected to appoint a special deficit
reduction commission as part of a tentative agreement between Democrats
and the White House—each trying to find the votes to raise the federal
debt ceiling in the coming weeks.
With the Massachusetts loss facing them, Senate leaders appeared to
back-pedal Tuesday from a pre-Christmas agreement that anticipated a
rapid-fire set of roll calls beginning Wednesday on a debt ceiling bill
and accompanying amendments. Instead, Democrats signaled that key votes
could be postponed until next week, as the administration tries to get
a final sign-off from two of the major players, Speaker Nancy Pelosi
(D—Cal) and Senate Budget Committee Chairman Kent Conrad (D—N.D.)
Obama’s problem is that one person’s process can be another’s
poison. In this case, Conrad’s scheme usurps the power of the two top
Democrats in Congress, Majority Leader Harry Reid (D-Nev.) and even
more, Pelosi.
The challenge for the White House has been to find an alternative path
that offends fewer people but still holds some promise of forcing
action in the future.
The lunacy continues
»
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FELLOW ZH READERS...PLEASE, PLEASE READ THIS CAREFULLY.
"President Barack Obama is expected to appoint a special deficit reduction commission"
Folks:
This is great news! This is fantastic! There is nothing more for you tinfoil, Minsky worshipping assholes to worry about anymore. Our President is going to appoint a "special" commission! Our problems are almost solved, can't you see this??
Happy Days are hear again! Wait til the Sun Shines Nellie!
I am buying the dip first thing in the morning!
This is change that we all can believe in!
they're not a deficit reduction commission
they're a special deficit reduction commission
You have a very keen eye sir! Glad to know that the handi-capable will have an official hand in setting policy.
I feel special already! It's great to know my government is working on it!
Are we sure it isn't a special attention deficit reduction commission?
What was I saying, again?
Yay! Another "czar"! We're saved.
That said, wasn't this supposed to be Biden's job? Or was that just for Spendulus?
We are so totally freaking doomed.
That said, wasn't this supposed to be Biden's job?
Sorry, Doc, Biden is in charge of the "we have to spend our way out of this recession" department.
He did tell me he would cut the ribbon at my new economy garage sale.
Yep - 7-layer burrito of awesome, that.
Dead,
The commission is said to be chaired by Krugman, aka, more spending and higher deficit.
It's a large number, and it would be better if the recession didn't lead to huge deficits. But what are the alternative to raising the ceiling? A complete shutdown of government? The loss of millions of jobs? Halting all Social Security and Medicare payments (leading to the death of many elderly people, and lost health care jobs)? Dissolving the military? Shutting down of financial regulation? All of these things would happen if the ceiling weren't raised.
Failure to raise the ceiling would cause the complete collapse of the economy, and leave us open to terror attacks. Raising it would lead to increased government costs of an interest rate of 0.5% times 2 trillion = $10 billion, divided by 300 million people = $33 per person. I'm sorry, but $33 is a small price to pay to save millions of jobs, prevent terrorist attacks, save lives, and prevent a massive depression. If you can't cough up the $33, then you're free to move to Greece and see what it's like to have your government default on debt.
Those are today's reasons we need to run huge deficits.
Yesterday's reason was that no amount was too much to "support the troops" in two wars, while simultaneously expanding Medicare for the poor old folk.
Tomorrow there will be another reason why we simply must run even larger deficits. The year after that there will be a handful of new excuses.
Yes indeed, we "must" run ever larger deficits forever, or some government clerk will lose their job. Heartbreaking indeed.
And if you don't want your $33, you can send it to me.
I'd gladly pay you the $33 to prevent the economic collapse. Do you have the power to do so?
Man, politicians love dupes like you.
"Um, we're sorry Libert, but now we'll need another $50 to save the spotted wood tick. Thanks, Libert! We know you're always there to do your fair share! I said we wouldn't hit you up again for awhile, but this wood tick thing is a real 'crisis'. Must act now and all that. Oh, do you have a $20 for the taxi?"
+1
Yes, Obama and Saddam were best buddies, making the boxcutters used on 9/11 in their joint WMD lab.
Nope, bring on the collapse.
Denied, now on with the complete collapse.
Again. If you want the government to default on debt, you can have it: just move to Greece. If you don't, then your desire for economic armageddon seems less than sincere.
You don't get it. The only path now to improvement is through destruction. We don't want a collapse because we think it'd be fun. It's just that it's the only solution to the charade that has lasted way too long already.
That's right Faust.
Creative destruction is the only path forward. All other paths are illusion.
A preview of what's to come from WB Yeats -
The gyres! the gyres! Old Rocky Face, look forth;
Things thought too long can be no longer thought,
For beauty dies of beauty, worth of worth,
And ancient lineaments are blotted out.
Irrational streams of blood are staining earth;
Empedocles has thrown all things about;
Hector is dead and there's a light in Troy;
We that look on but laugh in tragic joy.
What matter though numb nightmare ride on top,
And blood and mire the sensitive body stain?
What matter? Heave no sigh, let no tear drop,
A-greater, a more gracious time has gone;
For painted forms or boxes of make-up
In ancient tombs I sighed, but not again;
What matter? Out of cavern comes a voice,
And all it knows is that one word 'Rejoice!'
Conduct and work grow coarse, and coarse the soul,
What matter? Those that Rocky Face holds dear,
Lovers of horses and of women, shall,
From marble of a broken sepulchre,
Or dark betwixt the polecat and the owl,
Or any rich, dark nothing disinter
The workman, noble and saint, and all things run
On that unfashionable gyre again.
Some of us (a) don't speak greek, and (b) had ancestors in the USA before it was the USA, before the American Revolution, and in fact before the Glorious Revolution (look it up). So maybe we'd rather stay in our homeland and have rationality and government decency restored.
And to stand for what our ancestors fought and died to provide all of us with.
With your powerful skills in logic can you anser me this? How in the hell is adding 17% more debt going to prevent a default? Seems to me that if you are paying your credit card bills with credit cards you my friend are fucked.
PS your examples above are totally fallacious
you're a fking idiot
Trav - Back to the; "you can't bankrupt me because I have needs" lunacy. Just imagine what that poster would think if our currency were not the reserve currency and we had to comply with the IMF standards that we have applied to so many others. Forced reduction of the budget deficit from 12%+ to -3%, international audits of our national books, capital controls and all the rest. We now need GDP growth of nearly 3% just to meet our newly acquired interest payment schedule. One way or another folks will realize that our national future will require years of great hardship of increased taxes and decreased spending and everyone will feel this pain. In this effort I am willing to contribute 50% of my total government pension to retiring national debt IF a senior partner at GS would contribute 50% of their total direct & indirect compensation to the same cause. Any takers?
+1,900,000,000,000
2 trillion divided by 300 million = 6,666.66667
Terrorists?!?!
Ahhhhhhh!!!!! How much until I can feel safe again?
Here's $100, $200, hell take it all.
Please protect and think for me. I can't bear to.
What the FUCK are smoking?!? lol
Bullsh*t.
Tax revenues will be approx. $2 trillion this year. To have a balanced budget this year, the feds would need to return to the budget of... 2002 (Expenditures equaled $2 trillion)
You really believe that returning to the budget of 2002 would cause complete economic collapse?
Also, you're an ass and a fearmonger for playing the "it would leave us open to terror attacks" card.
And finally, anyone who uses the phrase "$$$ is a small price to pay to prevent unlikely situation X, X, and X" is an ass.
Whose yield curve (in a vacuum) are you using to get your .5%? And do you think there is infinite demand for USTreasury paper, so that unbridled (wasted) spending carries no cost?
I am sorry but that is the worst excuse ever. Its like a fat person making excuses for themselves of why its too hard to eat right, or exercise, or just do the right thing in general. The only thing you will accomplish by continuing support for a dying system is get dragged in and consumed along with every other idiot that does so as well. This system will only perpetually need more support as time goes on and if you find your self trying to prop it up you will only be crushed when the house of cards comes crashing down.
Dear God, he's channeling Hank Paulson, circa 9/2008! Quick, someone call an exorcist!
the majority of this bread will eventually find it's way into the coffers of the usual wall street suspects; the rest will be for VOTE STIMULUS. oh hell, I forgot about funding WWIII; I guess the street may have to take a haircut this time around.
BRING IT ON!!!
I'm not stockpiling Gold, Silver, 9mm, 7.63x39, water, and canned goods for nothing (I hope). The big Solar Panel will arrive next payday to charge my deep cells for the pure sine inverters.
Only those meddling Republicans could mess up Obama's plans for total social collapse and the ultimate emergence of a self-sufficient population.
I will be SO PISSED if my guns are relegated to a role of "conversation pieces"... DAMN YOU REPUBLICANS if you stop the spending spree... I've got more Silver than I can lift and carry that will be worthless if the govern-mint decides to follow fiscal prudence.
SPEND BITCHES!!!
LOL, I feel you. You know they are going to anyway right. Government is all about shifting the blame to some external entity which is why they will never do the responsible thing.
and if it really gets bad they can always start a war with some new country to shift attention.
President Barack Obama is expected to appoint a special deficit reduction commission as part of a tentative agreement between Democrats and the White House—each trying to find the votes to raise the federal debt ceiling in the coming weeks.
So we should not be concerned about another vote to raise the federal debt ceiling because we have appointed a special ad-hoc deficit reduction committee?
America should get a frontal lobotomy if they give even tacit approval to this nonsense.
I would rather have a bottle in front of me than a frontal lobotomy.
"Failure to raise the ceiling would cause the complete collapse of the economy, and leave us open to terror attacks."
Or so you've been told.
Do you deny that failure to raise the debt ceiling would lead the results mentioned (i.e. loss of millions of jobs, precipitous drop in health care spending, elimination of national security efforts)?
The world would not end, no.
I deny that raising the debt ceiling would fix any of that, other than by indirectly hastening the collapse so the recovery can happen sooner.
Screwed if we do, screwed if we don't.
We are the proverbial "grandchildren" who inherit the debt and consequences of the previous generations...
It wasn't "hypothetical". Get ready for complete disconnect from the "average American" sense of reality, and get used to how the rest of the world lives.
I deny that. They would simply keep spending, disregarding the law. But the emperor would be more naked and it would help to get people to realize what crimes are going on in DC.
"Failure to raise the ceiling would cause the complete collapse of the economy, and leave us open to terror attacks."
Those damned terrorists sure are handy.
Please, almighty TVFedGod, protect me from any and all possible harm.
I know that without you, I would most certainly be instantly killed by some crazy muzlim Aye-Rab.
Bestow upon me thy discordant images at such speed as to render linear rational thought impossible.
Forever and ever.
Amen
Amen, brother, amen!
+1
Heck, why don't the democrats just pull a Tim Geithner and rescind the debt ceiling altogether? They must recognize that the MA revolution means that their days of congressional control are numbered, so they might as well bring their contempt for voter concerns out into the open and pull out all of the stops.
Couldn't they just come up with some suitable 'cry wolf' sophistry along the lines that "The entire future of the US economy depends on the prompt removal of this antiquated and dangerous constraint on Congress' ability to quickly enact the stimulus programs needed to fend off GD 2.0"? Perhaps they could simply cut and paste some of the language used to justify the repeal of Glass-Steagall.
Yes, let's keep the Bush tax cuts and unfunded liabilities and blame the Democrats for it. Even though Obama pushed through >$200B of his own tax cuts and has had more success at cutting spending than any president since Reagan.
i considered registering just to junk this post
Haha. Good one. Man, you're one funny dude.
How high do you have to be to read the story above and then post this comment? I ask as one medically interested in how much crack was actually required.
What many fail to fully appreciate is that under President Obama tax receipts have decreased by the greatest amount in our nations history demonstrating that the current administration knows how to cut tax receipts with abandon.
http://www.zerohedge.com/article/december-rolling-tax-witholdings-collap...
Father: Isn't there a way we can kick this can so far down the road we'll all be dead?
Son: Dad! FDR already did that!
Father: oh yeah
+1 bazillion
Yes indeed bugs. The whole; "Our children and grandchildren will have to pay for this" moment has arrived.
The Governor of the Bank of England seems to be more forthright than Ben Bernanke, but then again he'll be on the lecture circuit earning millions explaining how he bailed out THE TBTF'S.
The entire article is a must read.
Families face years of pain, says Bank
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/
7030904/Families-face-years-of-pain-says-Bank.html
I think you guys FAIL to see how good this is.
With an extra couple of trillion, and the fantastic results from eBay, we can kickstart a new economy where we Americans really CAN make a living selling our stuff back and forth to each other by garage sales.
Throw in a couple of 5 dollar Starbucks mocha mochas and we are talking a new bull run!
I'm buying the dip. Happy Days are truly here again!
It's a new dawn in America!
To kick this off, I have an old power saw that doesn't work and I will sell it to any ZHer for 50 cents.
I'll but it, but only if I can resell it for $5.00. I mean, I think like a bank.
Then I'll sell CDS's on deadhead at 273bp (can't be any riskier than CA).
Heck, now we're getting somewhere.
We're starting our own self-sustaining "bullshit-based' economy.
This is easy.
I'm in! I think I might just be a market-maker for those CDS.
Rusty....you're low balling. go higher!
Hmmm. I'll rate these CDS "AAA+++" if you pay me to do so. Until everyone finds out that the saw was actually a soda can filled with piss, and then I'll downgrade you to "BBcb+-", or something. I still get paid though.
Oh for fun.
Sounds like Iceland.
Just one more thing that the island of Fire and Ice has contributed to the demise of Western Civilization, the other being Bjork.
That should give investment firms a run for their money! No stopping the American entrepreneur!
How long before they take the Argentinian route and nationalize the private pension funds,IRA's,etc.? Aren't they worth $14 trillion?
1-3 years.
If I may Max, 2-5 years. That should be the last piece of the cake to be eaten. Of course there will be many wondering where the cake went, and also wondering if Hyper-inflation is a medical condition.
If you've noticed, the first step is already starting. They're trying to change the retirement system so that the only thing you can invest in are Treasuries. We'll see how far that one gets this year. But once they do this, the next step is full nationalization.
What, don't tell me that you're against them saving people's retirement funds are you? Think of the geezers!
Screw the geezers. These swine maxed out the national credit card and sold future generations into government debt peonage. Let 'em burn.
In order to understand Obama and the congeries of foundation-funded racist and terrorist
provocateurs and international gangsters who represent his immediate social circle, some significant
historical background is indispensable. Obama’s mother worked for the Ford Foundation, and
Obama has worked for foundations like the Gamaliel, the Joyce, the Woods, and the Annenberg
Chicago Challenge all his life. But what do foundations do? Emphatically, they do not practice good
works of charity; they deal in cynical social and political manipulation in the service of the ruling
class. So it is necessary to explain the strategic doctrine which has governed the activities of the US
foundation community since the 1960s, especially in the framework of Reagan’s Executive Order
12333, which privatized the US intelligence community into front companies, law firms, and
especially foundations.
The public now knows that Obama attended Jeremiah Wright’s church, where the incendiary
doctrine of black liberation theology, a school atypical of the black church, is proclaimed. But
where do Wright and his sidekicks Otis Moss III and Dwight Hopkins come from? Are they an
authentic and spontaneous expression of the black church, or are they controlled assets deployed in
a cynical divide-and-conquer strategy by foundations and divinity schools that represent the most
parasitical interests in Wall Street? The historical approach is the only way to clarify these issues.
Obama claims to be an apostle of bipartisan cooperation and the transcendence of legislative
wrangling and haggling. His background in this regard is real, but it is not what the public thinks.
Obama is a product of the infamous Illinois bipartisan Combine, a joint venture by the Illinois
Republican and Democratic Parties to savagely loot the people of that state. Obama’s godfathers
include not just corrupt machine pols like Mayor Daley and Governor Blagojevich, but also the
Levantine gangsters and underworld figures Rezko, Auchi, and Alsammarae, all part of what the
FBI has been probing under the heading of Operation Board Games. Obama’s bosom buddy Rezko
is now a convicted felon, having been found guilty on June 5, 2008 on 16 of 24 counts in Chicago
federal court, including for scheming to get kickbacks out of money-management firms wanting
state business, and a contractor who wanted to build a hospital in northern Illinois. Auchi and
Alsammarae are also convicted felons. Obama’s long history in graft and corruption make him the
most corrupt and dirtiest presidential candidate in many decades.
Americans have now been told that the 1960s Weatherman terrorist bombers and provocateurs
(and foundation operatives) Bill Ayers and Bernardine Dohrn have sponsored Obama’s career as a
foundation asset and later as a holder of elective office. But what were the Weathermen? And, were
Ayers and Dohrn honest revolutionaries who chose terrorism, or were they intelligence community
operatives sent in to destroy the student movement and peace movement by taking over Students for
a Democratic Society (SDS) in the wake of the New York City teachers’ strike, and then scuttling
SDS from within, in a matter of months? Only historical background can clarify the question of how
Obama’s penchant for associating with known criminals makes him the most radical subversive
ever to get this close to the presidency.
The public is being urged to regard Obama as a politician of phenomenal organizational ability
because of his ability to game the absurd rules of the Democratic Party. But what if Obama had
been a protected asset of Zbigniew Brzezinski and the Trilateral Commission since about 1981-
1983, and a man whose entire career has been fostered and promoted by the Trilateral-Bilderberger
Wall Street group? What if Obama’s campaign ran on Rockefeller-Soros Trilateral cash, with the
backing of the matchless Trilateral network of media whores and agents of influence? Here again,
adequate historical background is necessary.
The last time that the Trilateral Commission fielded a relatively unknown puppet with the goal
of seizing power through an insurgency based on surprise, the result was the catastrophic presidency
of Jimmy Carter, who turned foreign affairs over to Brzezinski, while placing economic policy in
the hands of Trilateral agent Paul Adolph Volcker, who destroyed what was left of the US industrial
economy. Today Obama is attempting to profile himself as something of an economic populist.
Only an appeal to history can show how today’s Trilateral puppet Obama will go beyond
yesterday’s Trilateral puppet Carter, this time imposing austerity in the name of third world
solidarity, sacrifice in the name of global warming, and perhaps even reparations for racism. As
with Carter, the beneficiaries will be the Rockefeller-Soros Wall Street interests.
Obama promises hope and change, bears uncanny similarities to the early days
of Italian fascism in 1919-1922. Only historical background can show the many parallels between
Obama and the young Mussolini
Cuckoo! Cuckoo!
Deep counterpoint...
Okay, geopol, who is on this "Trialateral Commision"? Where and when do they meet? Your post is an example of the Hollywood-ization of our thought processes. Things happen because of some deep, dark, all-powerful group of masterminds. How is this for an alternative explanation - a bunch of greedy bastards got us into this mess because they thought they could get away with it?
In it's elementary form, you are correct... But keep in mind that these forces KILL, CAUSE UNIMAGINABLE DESTRUCTION, AND ARE WILLING TO PUT YOUR FAMILY IN FRONT OF THE FIRING SQUAD...If you think you have freedom of expression dream on...
ElvisDog,
I will post the members of the TC FURTHER DOWN THE POST,, I care about you and your family..
I'm with you Brother
Members of the Council on Foreign Relations and the Trilateral Commission dominate key positions in America's government, military, industries, media outlets and educational foundations and institutions. The following is a partial list of current CFR members and the positions of influence they hold in society. The CFR's membership is limited to 3,000, and there are only 325 Trilateral Commission members.
CFR = Member of the Council on Foreign Relations
TC = Member of the Trilateral Commission
BB = Member of the Elite Bilderbergs
TOP OF THE PYRAMID:David Rockefeller, Chairman Emeritus
Peter G. Peterson, Chairman of the Council on Foreign Relations
58 E. 68th St. New York, NY 10021
Phone (212) 734-0400
Fax (212) 861-1789
Paul Volker, North American Chairman of the Trilateral Commission
345 E. 46 St. New York, NY 10017
Phone (212) 661-1180
President of the United States of America
William Clinton -- CFR, TC, BB
Asst. Sec. for Administration, United Nations
Dick Thornburgh -- CFR
National Security Advisor
Anthony Lake -- CFR
Vice President of the United States of America
Albert Gore, Jr. -- CFR
Secretary Of State
Warren Christopher -- CFR
Secretary Of Defense
Lee Aspin (Deceased)-- CFR
Chairman Joint Chiefs Of Staff
Colin L. Powell -- CFR
Director Central Intelligence Agency
James Woolsey -- CFR
Chairman, Council of Economics Advisors
Laura Tyson -- CFR
Treasury Secretary
Lloyd Bentsen -- Former CFR, BB
Secretary of Interior
Bruce Babbitt -- CFR
Secretary of Housing and Urban Development
Henry Cisneros -- CFR
Secretary of Health & Human Services
Donna Shalala -- CFR, TC
JUDICIARY:
Sandra Day O'Connor, Assoc. Justice, U.S. Supreme Court -- CFR
Steve G. Breyer, Chief Judge, U.S. Court of Appeals, First Circuit, Boston -- CFR
Ruth B. Ginsburg, U.S. Court Of Appeals, Wash., DC Circuit -- CFR
Laurence H. Silberman, U.S. Court of Appeals, Wash., DC Circuit -- CFR
BANKING INSTITUTIONS:
Chase Manhattan Corp.:
Thomas G. Labrecque, Chairman & CEO -- CFR, TC
Robert R. Douglass, Vice Chairman -- CFR
Willard C. BuTCher, Dir. -- CFR
Richard W. Lyman, Dir. -- CFR
Joan Ganz Cooney, Dir. -- CFR
David T. Mclaughlin, Dir. -- CFR
Edmund T. Pratt, Jr., Dir. -- CFR
Henry B. Schacht, Dir. -- CFR
Chemical Bank:
Walter V. Shipley, Chairman -- CFR
Robert J. Callander, President -- CFR
William C. Pierce, Executive Officer -- CFR
Randolph W. Bromery, Dir. -- CFR
Charles W. Duncan, Jr., Dir. -- CFR
George V. Grune, Dir. -- CFR
Helen L. Kaplan, Dir. -- CFR
Lawrence G. Rawl, Dir. -- CFR
Michael I. Sovern, Dir. -- CFR
Richard D. Wood, Dir. -- CFR
Citicorp:
John S. Reed. Chairman -- CFR
William R. Rhodes, Vice Chairman -- CFR
Richard S. Braddock, President -- CFR
John M. DeuTCh, Dir. -- CFR
Clifton C. Garvin, Jr., Dir -- CFR
C. Peter Mccolough, Dir. -- CFR
Rozanne L. Ridgeway, Dir. -- CFR
Franklin A. Thomas, Dir. -- CFR
First City Bancorp, Texas:
A. Robert Abboud, CEO -- CFR
Morgan Guaranty:
Lewis T. Preston, Chairman -- CFR
Bankers Trust New York Corporation:
Charles S. Stanford, Jr., Chairman -- CFR
Alfred Brittain III, Dir. -- CFR
Vernon E. Jordan, Jr., Dir -- CFR
Richard L. Gelb, Dir. -- CFR
Patricia Carry Stewart, Dir. -- CFR
First National Bank of Chicago:
Barry F. Sullivan -- TC
Manufacturers Hanover Directors:
Cyrus Vance -- CFR
G. Robert Durham -- CFR
George B. Munroe -- CFR
Marina V. N. Whitman -- CFR, TC
Charles J. Pilliod, Jr. -- CFR
Bank America:
Andrew F. Brimmer, Dir. -- CFR
Ignazio E. Lozano, Jr., Dir. -- CFR
Ruben F. Mettler, Dir. -- CFR
Securities & Exchange Commission:
Michael D. Mann, Dir. International Affairs -- CFR
LABOR UNION LEADERS:
Jay Mazur, International Ladies' Garment Workers Union -- CFR, TC
Jack Sheinkman, Amalgamated Clothing & Textile Workers Union -- CFR
Albert Shanker, Pres., American Federation Of Teachers -- CFR, TC
Glen E. Watts, Communication Of Workers Of America -- CFR, TC
U.S. MILITARY:
Department Of Defense:
Les Aspin, Secretary of Defense -- CFR
Frank G. Wisnerll, Under Secretary for Policy -- CFR
Henry S. Rowen, Asst. Sec., International Security Affairs -- CFR
Judy Ann Miller, Dep. Asst. Sec. Nuclear Forces & Arms Control -- CFR
W. Bruce Weinrod, Dep. Asst. Sec., Europe & NATO -- CFR
Adm. Seymour Weiss, Chairman, Defense Policy Board -- CFR
Charles M. Herzfeld, Dir. Defense Research & Engineering -- CFR
Andrew W. Marshall, Dir., Net Assessment -- CFR
Michael P. W. Stone, Secretary of the Army -- CFR
Donald B. Rice, Secretary of the Air Force -- CFR
Franklin C. Miller, Dep. Asst. Sec. Nuclear Forces & Arms Control -- CFR
Allied Supreme Commanders:
1949-52 Eisenhower -- CFR
1952-53 Ridgeway -- CFR
1953-56 Gruenther -- CFR
1956-63 Norstad -- CFR
1963-69 Lemnitzer -- CFR
1969-74 Goodpaster -- CFR
1974-79 Haig -- CFR
1979-87 Rogers -- CFR, TC
Superintendents of the U.S. Military Academy at West Point:
1960-63 Westmoreland -- CFR
1963-66 Lampert -- CFR
1966-68 Bennett -- CFR
1970-74 Knowlton -- CFR
1974-77 Berry -- CFR
1977-81 Goodpaster -- CFR
CFR Military Fellows, 1991:
Col. William M. Drennan, Jr., USAF -- CFR
Col. Wallace C. Gregson, USMC -- CFR
Col. Jack B. Wood, USA -- CFR
CFR Military Fellows, 1992:
Col. David M. Mize, USMC -- CFR
Col. John P. Rose, USA -- CFR
Joint Chiefs of Staff:
Gen. Colin L. Powell, Chairman -- CFR
Gen. Carl E. Vuono, Army -- CFR
Gen. John T. Chain, Co Sac -- CFR
Gen. Merril A. Mcpeak, Co Pac AF -- CFR
Lt. Gen. George L. Butler, Dir. Strategic Plans & Policy -- CFR
Lt. Gen. Charles T. Boyd, Com. Air Univ. -- CFR
Lt. Gen. Bradley C. Hosmer, AF Inspector General -- CFR
Secretaries of Defense:
1957-59 Mcelroy -- CFR
1959-61 Gates -- CFR
1961-68 McNamara -- CFR, TC
1969-73 Laird -- CFR
1973-75 Richardson -- CFR, TC
1975-77 Rumsfeld -- CFR
1977-80 Brown -- CFR, TC
1980-88 Weinberger -- CFR, TC
1988- Carlucci -- CFR
1988- Cheney -- CFR
Additional Military:
Mg R.C. Bowman -- CFR
Bg F. Brown -- CFR
Lt Col W. Clark -- CFR
Adm Wm. Crowe -- CFR
Col P. M. Dawkins -- CFR
V. Adm. Thor Hanson -- CFR
Col W. Hauser -- CFR
Maj R. Kimmitt -- CFR
Gen W. Knowlton -- CFR
V. Adm J. Lee -- CFR
Col D. Mead -- CFR
Mg Jack Merritt -- CFR
Gen E. Meyer -- CFR
Col Wm. E. Odom -- CFR
Col L. Olvey -- CFR
Col Geo. K. Osborn -- CFR
Mg J. Pustay -- CFR
Lg E.L. Rowny -- CFR
Capt Gary Sick -- CFR
Mg De Witt Smith -- CFR
Bg Perry Smith -- CFR
Ltg Wm. Y. Smith -- CFR
Col W. Taylor -- CFR
Adm S. Turner -- CFR
Mg J. Welch -- CFR
Gen J. Wickham -- CFR
MEDIA:
CBS:
Laurence A. Tisch, CEO -- CFR
Roswell Gilpatric -- CFR
James Houghton -- CFR, TC
Henry Schacht -- CFR, TC
Dan Rather -- CFR
Richard Hottelet -- CFR
Frank Stanton -- CFR
NBC/RCA:
John F. Welch, CEO -- CFR
Jane Pfeiffer -- CFR
Lester Crystal -- CFR, TC
R.W. Sonnenfeidt -- CFR, TC
John Petty -- CFR
Tom Brokaw -- CFR
David Brinkley -- CFR
John Chancellor -- CFR
Marvin Kalb -- CFR
Irving R. Levine -- CFR
Herbert Schlosser -- CFR
Peter G. Peterson -- CFR
John Sawhill -- CFR
ABC:
Thomas S. Murphy, CEO -- CFR
Barbara Walters -- CFR
John Connor -- CFR
Diane Sawyer -- CFR
John Scall -- CFR
Public Broadcast Service:
Robert Mcneil -- CFR
Jim Lehrer -- CFR
C. Hunter-Gault -- CFR
Hodding Carter III -- CFR
Daniel Schorr -- CFR
Associated Press:
Stanley Swinton -- CFR
Harold Anderson -- CFR
Katharine Graham -- CFR, TC
Reuters:
Michael Posner -- CFR
Baltimore Sun:
Henry Trewhitt -- CFR
Washington Times:
Arnaud De Borchgrave -- CFR
Children's TV Workshop (Sesame Street):
Joan Ganz Cooney, Pres. -- CFR
Cable News Network:
W. Thomas Johnson, Pres. -- TC
Daniel Schorr -- CFR
U.S. News & World Report:
David Gergen -- TC
New York Times Co.:
Richard Gelb -- CFR
William Scranton -- CFR, TC
John F. Akers, Dir. -- CFR
Louis V. Gerstner, Jr., Dir. -- CFR
George B. Munroe, Dir. -- CFR
Donald M. Stewart, Dir. -- CFR
Cyrus R. Vance, Dir. -- CFR
A.M. Rosenthal -- CFR
Seymour Topping -- CFR
James Greenfield -- CFR
Max Frankel -- CFR
Jack Rosenthal -- CFR
John Oakes -- CFR
Harrison Salisbury -- CFR
H.L. Smith -- CFR
Steven Rattner -- CFR
Richard Burt -- CFR
Flora Lewis -- CFR
Time, Inc.:
Ralph Davidson -- CFR
Donal M. Wilson -- CFR
Henry Grunwald -- CFR
Alexander Heard -- CFR
Sol Linowitz -- CFR
Thomas Watson, Jr. -- CFR
Strobe Talbott -- CFR
Newsweek/Washington Post:
Katharine Graham -- CFR
N. Deb. Katzenbach -- CFR
Robert Christopher -- CFR
Osborne Elliot -- CFR
Phillip Geyelin -- CFR
Murry Marder -- CFR
Maynard Parker -- CFR
George Will -- CFR, TC
Robert Kaiser -- CFR
Meg Greenfield -- CFR
Walter Pincus -- CFR
Murray Gart -- CFR
Peter Osnos -- CFR
Don Oberdorfer -- CFR
Dow Jones & Co (Wall Street Journal):
Richard Wood -- CFR
Robert Bartley -- CFR, TC
Karen House -- CFR
National Review:
Wm. F. Buckley, Jr. -- CFR
Readers Digest:
George V. Grune, CEO -- CFR
William G. Bowen, Dir. -- CFR
Syndicated Columnists
Geogia Anne Geyer -- CFR
Ben J. Wattenberg -- CFR
ENERGY COMPANIES:
Exxon Corporation
Lawrence G. Rawl, Chairman -- CFR
Lee R. Raymond, President -- CFR, TC
Jack G. Clarke, Sr., Vice President -- CFR
Randolph W. Bromery, Dir. -- CFR
D. Wayne Calloway, Dir. -- CFR
Texaco
Alfred C. Decrane,Jr., Chairman -- CFR
John Brademas, Dir. -- CFR, TC
Willard C. BuTCher, Dir. -- CFR
William J. Crowe, Jr., Dir. -- CFR, TC
John K. Mckinley, Dir. -- CFR
Thomas S. Murphy, Dir. -- CFR
Atlantic Richfield-Arco:
Hannah H. Gray, Dir. -- CFR
Donal M. Kendall,Dir. -- CFR, TC
Henry Wendt, Dir. -- TC
Shell Oil Co.:
Frank H. Richardson, CEO -- CFR
Rand V. Araskog, Dir. -- CFR, TC
Mobil Corp.:
Allan E. Murray, Chairman & President -- CFR, TC
Lewis M. Branscomb, Dir. -- CFR
Samuel C. Johnson, Dir. -- TC
Helene L. Kaplan, Dir. -- CFR
Charles S. Sanford, Jr., Dir. -- CFR
Tenneco, Inc.:
James L. Ketelsen, Chairman -- CFR
W. Michael Blumenthal, Dir. -- CFR
Joseph J. Sisco, Dir. -- CFR
INDUSTRY:
General Motors Corp.:
Marina V.N. Whitman, VP -- CFR, TC
Anne L. Armstrong, Dir. -- CFR
Marvin L. Goldberger, Dir. -- CFR
Edmund T. Pratt, Jr., Dir. -- CFR
Dennis Weatherstone, Dir. -- CFR
Leon H. Sullivan, Dir. -- CFR
Thomas H. Wyman, Dir. -- CFR
Ford Motor Company:
Clifton R. Wharton, Dir. -- CFR
Roberto C. Goizueta, Dir. -- CFR
GE/NBC Corp.:
John F. Welch, Jr. Chairman -- CFR
David C. Jones -- CFR
Lewis T. Preston -- CFR
Frank H.T. Rhodes -- CFR
Walter B. Wriston -- CFR
Deere & Co:
Hans W. Becherer, Chairman/CEO -- CFR
IBM:
John F. Akers, Chairman -- CFR
C. Michael Armstrong, Sr. VP -- CFR
Amtrak:
William S. Norman, Executive VP -- CFR
AT&T:
Robert E. Allen, Chairman & CEO -- CFR
Randall L. Tobias, Vice Chairman -- CFR
Louis V. Gerstner, Dir. -- CFR
Juanita M. Kreps, Dir. -- CFR
Donald F. Mchenry, Dir. -- CFR
Henry B. Schacht, Dir. -- CFR
Michael I. Sovern, Dir. -- CFR
Franklin A. Thamas, Dir. -- CFR
Rawleigh Warner, Jr., Dir. -- CFR
Thomas H. Wyman, Dir. -- CFR
Chrysler Corp.:
Joseph A. Califano, Jr., Dir. -- CFR
Peter A. Magowan, Dir. -- CFR
American Express Co.:
James D. Robinson,Ceo -- CFR
Joan Edelman Spero -- TC
Anne L. Armstrong -- CFR
William G. Bowen -- CFR
Charles W. Duncan, Jr. -- CFR
Richard M. Furlaud -- CFR
Vernon E. Jordan, Jr. -- CFR, TC
Henry A. Kissinger -- CFR, TC
Frank P. Popoff -- CFR
Robert V. Roosa -- CFR
Joseph H. Williams -- CFR
BUSINESS & INDUSTRY LEADERS
Richard D. Wood, CEO, Eli Lily & Co -- CFR
Richard M. Furlaud, CEO, Bristol-Myers Squibb Co -- CFR
Frank Peter Popoff, CEO, Dow Chemical Co. -- CFR
Charles Peter McColough, Chmn Ex. Comm, Xerox -- CFR
Rozanne L. Ridgewar, Dir., 3M, RJR Nabisco, Union Carbide -- CFR
Ruben F. Mettler, Former CEO, TRW, Inc. -- CFR
Henry B. Schacht, CEO, Cummins Engines -- CFR
Edmund T. Pratt, Jr., CEO, Pfizer, Inc. -- CFR
Rand V. Araskog, CEO, ITT Corp. -- CFR, TC
W. Michael Blumenthal, Chairman, Unisys Corp. -- CFR
Joseph John Sisco, Dir., Geico, Raytheon, Gillette -- CFR
J.Fred Bucy, Former Pres, CEO, Texas Instruments -- CFR
Paul A. Allaire, Chairman, CEO, Xerox Corp. -- TC
Dwayne O. Andreas, Chairman, CEO, Archer Midland Daniels -- TC
James E. Burke, Chairman, CEO Em., Johnson & Johnson -- TC
D. Wayne Calloway, Chairman, CEO, Pepsico -- TC
Frank C. Carlucci, Vice Chmn., The Carlyle Group -- TC
Lynn E. Davis, VP, Dir., Rand Corp -- TC
Stephen Friedman, Sr., VP, Co-Chairman, Goldman, Sachs -- TC
Louis V. Gerstner, Jr., Chairman, CEO, RJR Nabisco -- TC
Joseph T. Gorman, Chairman, Pres, CEO, TRW Inc. -- TC
Maurice R. Greenberg, Chairman, CEO, American International Group -- TC
Robert D. Hass, Chairman, CEO, Levi Strauss -- TC
David J. Hennigar, Chairman, Crownx, Vice Chairman, Crown Life -- TC
Robert D. Hormats, Vice Chairman, Goldman Sachs Int. -- TC
James R. Houghton, Chairman, CEO, Corning Inc. -- TC
Donald R. Keough, President, CEO, The Coca Cola Co. -- TC
Henry A. Kissinger, Chairman, Kissinger Assoc. -- TC
Whitney Macmillan, Chairman, CEO, Cargill, Inc. -- TC
Robert S. McNamara, Former President, The World Bank -- TC
William D. Ruckershaus, Chairman, CEO, Browning-Ferris Ind. -- TC
David Stockman, Gen Partner, The Blackstone Group -- CFR
Henry Wendt, Chmn, Smith Kline Beecham -- TC
EDUCATION:
University Professors:
Graham Allison, Prof. Of Gov., Harvard Univ. -- TC
Zbigniew Brzezinski, Prof., Johns Hopkins -- TC
Gerald L. Curtis, Prof. Poli Sci, Columbia Univ. -- TC
Martin S. Feldstein, Prof. Econ, Harvard Univ. -- TC
Richard N. Gardner, Prof. Law, Columbia Univ. -- TC
Joseph S. Nye, Jr., Prof. Int'l Affairs, Harvard Univ. -- TC
Robert D. Putnam, Prof. Politics, Havard Univ. -- TC
Henry Rosovsky, Prof. Harvard Univ. -- TC
Geoge P. Shultz, Hon. Fellow, Stanford Univ. -- TC
Lester C. Thorow, Dean, Sloan School if Mgmt., MIT -- TC
Paul Volcker, Prof. Int'l Econ., Princeton Univ -- TC
College & University Presidents:
Robert H. Edwards, Bowdoin College -- CFR
Vartan Gregorian, Brown University -- CFR
Hanna Holbom Gray, University of Chicago -- CFR
Joseph S. Murphy, City Univ. of NY -- CFR
Michael I. Sovern, Columbia Univ. -- CFR
Frank H.T. Rhodes, Cornell University -- CFR
James T. Laney, Emory University -- CFR
Rev. Joseph A. O'Hare, Fordham Univ. -- CFR
Thomas Ehrlich, Indiana Univ. -- CFR
Steven Muller, Johns Hopkins Univ. -- CFR
Alice S. Iichman, Sarah Lawrence College -- CFR
Edward T. Foote, II, University Of Miami -- CFR
S. Frederick Starr, Oberlin College -- CFR, TC
Joseph Duffey, Chans., Univ. Of Mass. -- CFR
John M. DeuTCh, Institute Professor, MIT -- CFR, TC
Lester C. Thurow, Dean, Sloan Sch., MIT -- CFR
Bernard Harleston, City College of NY -- CFR
John Brademus, New York University -- CFR, TC
Wesley W. Posvar, University of Pittsburg -- CFR
Harold T. Shapiro, Princeton University -- CFR
Charles W. Duncan, Jr., Chmn, Rice University -- CFR
Dennis O'Brien, Univ. Of Rochester -- CFR
David Baltimore, Rockefeller University -- CFR
Donald Dennedy, Stanford University -- CFR
Richard Wall Lyman, Pres. Em., Stanford -- CFR
Hans M. Mark, Chancellor, Univ. of Texas -- CFR
Robert H. Donaldson, Univ. of Tulsa -- CFR
Stephen J. Trachtenberg, George Washington Univ. -- CFR
William H. Danforth, Washington University, St. Louis -- CFR
John D. Wilson, Washington & Lee University -- CFR
Nannerl O. Keohane, Wellesley University -- CFR
I don't want to drop names...BUT.......
geopol
+Dimon, Blanfein, Paulson, BB, etc.
=
http://en.wikipedia.org/wiki/Treason
Now what do we do?
Well shoot, how do I get to become one of THOSE guys?
http://www.usdebtclock.org/
says it all, nothing better exists
The need to raise the $1.9 trillion to bail out all the states that default on their bonds this summer!!!
This should play well.
I would buy all the companies that convert limos into bullet proof limos first thing. The orders should come piling in at about 8:30AM EST
FWIW: Just called my US representative and both my senators to tell them it's now clear that the federal government has lost its mind. If we have to raise taxes, so be it, though one can't forget Laffer's curve. If we have to close 90% of our foreign military bases, so be it. If we have to tell the Iraqi's, "Sorry, we goofed, good bye," it would be a catastrophe, but the children being born today can't afford it. They don't deserve the horrific fiscal crimes that are being committed against them. Don't even talk about a new program (universal health care comes to mind) until they've reduced the deficit by at least $2.2 trillion.
Federal agents will probably bust down my doors tonight at 2am.
"Federal agents" have families too, and are pretty "conservative" as a group.
Don't think for a second that they wouldn't side with you (wink).
Thinking right after Leno
Ah, well, if they're gonna be that early, I'll just wait up. Prolly oughta pick up some chips and beer.
Don't worry, the children of today will default or strike before paying off a dime of the debt incurred by the Boomers. What we're seeing now is the endgame for the United States Government which no war can "fix." The Keynesian notion of addressing excessive debt with more debt is as stupid as it looks. Krugman is the well-spoken village idiot of our time. The United States Government is in accelerating terminal decline. Godspeed.
"to appoint a special deficit reduction commission as part of a tentative agreement between Democrats and the White House—each trying to find the votes to raise the federal debt ceiling in the coming weeks. "
In other news the Ministry of Truth congratulates the people on having their weekly chocolate ration increased from 200 grams to 100 grams.
But MY chocolate ration has always been 300 grams! Stop confusing me!
That ain't chocolate...
For any of you tinfoil, anti-Keynesian, conspiracy theorists who even doubt for one second that a new bull run has commenced due to the new economy "garage sale" boom period starting today with eBay "better than expected" results, I have the DEFINITIVE PROOF right here. This statement is from a real live analyst from one of the biggest and mostest healthiest banks in America (and if you don't believe that, just ask Warren Buffett):
“American consumers are regaining confidence, and with that alone, there should be no impediments for current business to resume the growth of the past decade,” said poll respondent Drew Beatty, a commodity derivatives sales analyst with Wells Fargo & Co. in Dallas.
There is not a single person on ZH who has the impressive title of "commodity derivatives sales analyst" so don't even think of trying to rebut this honest, truthful, objective,and more likely than not, conservative estimate that the American consumer will start spending just like they did during the housing boom.
The American consumer is back, Baby! Tap those unused home equity lines like it is 2005! Drew from Dallas has made the call and I am going to be so phucking rich with my patent pending garage sale franchise business.
This Drew Beatty sounds like a credible and impartial observer. I will throw my savings down whateve toilet he directs me towards.
Chet:
I would strongly recommend investing all savings in the common equity of WFC. It is so richly undervalued that not even a Goldman Sachs conviction list buy does it justice.
I'm thinking 3 bagger here at least.
Please feel free to jump up to the Fed discount window and lever up 20x.
Sounds surefire. I'll bring a cashier's check to the local E-trade office tomorrow morning. Sure, I'll take a penalty hit when I cash out my kid's college savings plan, but we'll make up those losses soon enough!
Re-risking was helped by the return of the "carry trade" as investors used near zero cost funds, especially in dollars, to finance holdings of risky assets. Any asset offering a reasonable return rose sharply in value. Morgan Stanley analyst Greg Peters outlined the outlook for 2010 in the Financial Times: "We like the junkiest of the junk…"
This came from the latest articles written by Satyajit Das at Euro Intelligence.
http://www.eurointelligence.com/article.581+M54225b93d74.0.html
says "analyst" in the guy's title Andy.
anyways, nice to see you back...haven't seen you in a bit. hope to see an article or two in the near future.
robo has been dropping the ball big time for us carnivores....you really need to teach him a lesson.
In January 1933, just before Hitler seized power, people in Germany were as careworn and
overwhelmed and overstressed as many Americans feel today. A combination of bankers and
corporate chiefs had decided they needed more than a dictator; they needed a dictator with his own
private army of street fighters, the storm troopers. The Social Democrats (the SPD) were a huge
mass party backed up by trade unions, sports clubs, women’s groups, and their own self-defense
corps, but they dithered and dawdled and talked about a general strike, and never did anything. The
communists (the KPD) were also a large mass party, with a big organization of unemployed
workers, and their own self-defense corps of armed veterans. But the communists were convinced
that they had been living under fascism for a long time, and that the Social Democrats were really
social fascists and therefore even worse than Hitler. So nobody called a general strike to stop Hitler
when this would have been possible. Many of the SPD and KPD leaders who refused to mobilize
against the National Socialist seizure of power soon had to flee the country when their parties were
outlawed and their members expelled from the parliament by the Nazis. Many of those who stayed
behind were either assassinated in the streets, or died in concentration camps. Perhaps we can learn
something from this chilling example of the importance of mobilizing while mobilization is still
possible.
This time it's different!
It can't happen here. This is America. We are the only Super Power and will remain the only Super Power for Eternity...
ETERNITY BITCHES!!!
The "1000 Year Reich" will seem like merely a weekend in the south side of Chicago after Obama finally fixes the fundamental flaws of the Constitution...
.
America, fck yeah!
And it can't happen here! We're a Democracy! Democracies never do bad things. Never! Never I say! ;-)
(Bonus points: naming all the flaws in this belief, such as our form of government, the track record of democracies (start no later than 5th Century Athens), etc. etc.)
Everybody keeps trying to build those 1000 year kingdoms but they never seem to make it the whole term. Maybe they should shoot higher. Let's hear it for 10,000 year kingdoms!!!
as long as it blows up bigger
Homeland Security Advisory System:
Color-coded Threat Level System is used to communicate with public safety officials and the public at-large through a threat-based, color-coded system so that protective measures can be implemented to reduce the likelihood or impact of an attack.
If only we could get one of these!
(Nevermind...like we need more red alerts.)
I have predicted that we would hit $20 trillion by 2012 and I stick by that prediction - this is exponential (the debt growth) and out of control. Nothing can stand in its path. This country will implode in short order.
$20,000,000,000,0000 is not "exponential" by 2012.
It would be a net reduction in the rate of spending.
"This country will implode in short order."
On paper, "yes".... Who in their right mind, with any form of education, thinks that this kind of reckless spending/printing is sustainable? However, we have elected officials who promote this as policy.
$8-14-20 trillion is exponential enough for me in 4 years....when did it start and when will it end?
"In Short Order?" On a long enough timeline - you bet! Things are reaching critical mass in many regards. Yeah, we all have speculative ideas about all what will happen, but who knows what tomorrow will bring? Probably more misery than today.
1) obama and demo math--break it into two parts so you get 300 BBBBBillion and 1.9 Trillion
2) wonder why this did not come out before the Mass senatorial election? (rhetorical question).
Geopol
Your 2 posts amount to what Jean Paul Sartre would refer to as "nothingness." And a lot of it.
Furthermore, I have reasonable concern that there are some severe problems going on with your keyboard, which subtract from the clarity and coherence of your post. I think your "enter" key is dry humping the "tab" key. This results in a post that resembles pure lunacy.
Please advise.
Mark McGoldrick
Your avatar,, Perfect description...Look deeper!!!
Cafe de Flore on the left bank. (Sartre eventually broke with the communists.)
Another one late to the enlightenment....... Your choice of allies sucks
You said.
which subtract from the clarity and coherence of your post.
Keyboard? WTF.... As you outlined, the clarity and coherence of my post is clear...how els could you have responded with such clarity....
Geopol
I decided to take 20mg of Ritalin, wait 30 minutes, and revisit those super-paranoid posts of yours.
I found something startling. If I isolate the following letters "L" "U" "N" "A" "C" "Y" within your post, and connect them like dots, it draws a picture of Bozo, which I find utterly fascinating and magically appropriate.
Was that intentional? If so, that's truly brilliant. Bravo!
I decided to take 20mg of Ritalin,
Good move... Although you didn't need 30 min. you where close to delusional at time zero...
I find it gratifying that you spent all those calories dissecting my post, only to find I was truly BRILLIANT
I don't cling to the private contention that you can connect the dots to your mentor BOZO...
"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen."
-- Samuel Adams, speech at the Philadelphia State House, August 1, 1776.
If you truly are upset at what is transpiring, remove all funds from your bank accounts, cash in all stocks and buy gold and/or silver. This is the only way to vote with your money and send a message to the banking and investment system.
Way ahead of you...
Got Glock?
ill see your 1.9 trillion and raise you a septillion.
Quadrillion... Lets not push it...
At least until 128 bit computers are more common. Then we can push it and we will.
Pfff....1 Googol.
i will eat a gyro right now to honor Greece.
Yes We Can. But Let's Not.
ALL ABOARD.
Wouldn't be prudent at this juncture.
+1
So is the answer to every problem to just throw more $$ at it? Is this what Ben learned from his lengthly study of the great depression? Reflation or death!
shanky...could you please make a P2 top P3 is starting call? I'm getting a little bit impatient.
seriously, you have been on target big time so far.... i'll be watching your P3 calls for progression when we get going there....and, we will. as much as i like some order in the markets, at this point i would like to see massive red candles and hear the squeals of the trapped bulls as they shout out "oh, mary schapiro, please put the uptick rule in NOW."
deadhead....
It's all corrupt, and therefore unpredictable.
But, I would like to see bulls fucked over.... What can we do?? This seems non ending...
agreed.
there's alot about Elliot Wave that I like, though I don't rely on it as do many of the hardcores and use it like I do classical TA, but I find it a useful tool. anyways, social mood is getting uglier and the underlying economic and financial structure points to a high probabity in my book that we are in the early stages of a secular bear and this is simply a fairly long and certainly high percentage retrace off the initial low in March.
Please note that I said initial low, lol!
all we can do is wait for the market to discover its efficiency, which it does every now and then.
all we can do is wait for the market to discover its efficiency, which it does every now and then.
This market today cannot find it's efficiency without MASSIVE PRODUCTION. And how does this progress in this current situation?????????? We don't have regimented people willing to dive into a production economy with factories, smoke stacks, relentless fortitude and commitment to their children and future.
Long gone,,,,, We are DOOMED
Well?
slaughter all the bulls and lets make some hamburgers tomorrow
This news should be front and center on every television newscast and newspaper in the nation. Our media is as messed up as our politicians!
For those that have not already seen it, here is a handy-dandy way to visualize "one trillion" dollars.
http://www.pagetutor.com/trillion/index.html
I'm writing my Senator requesting him to try and eliminate the Debt Ceiling. If they didn't have to waste all that time raising it they'd have more time to spend finding ways to spend even more money they don't have.
This tells me one thing only: they are loading up the wagons for themselves and their buddies, before the jig's up.
The fact is, the ''moral hazard'' line of bullshit is a lie. The entire ''strong delusion'' of our leaders, even the leaders of nations, is ''ironically'' perfectly timed with the quantum affects of our solar galactic 2012 processional reality that is; cooling cores, reducing magnetic shields, reducing solar shield and resulting in Earthquakes, Storms and exposure to cosmic rays plays into ice melting etc... When you look at that and see the ''New World Order'' margin calls at hand etc... and the geopolitical affects of Israel among the nations, not only does the Mayan, and the Aztec Calender painted inside the Capitol Dome and positioned at 2012 not ''ironic'' but, the prophetic description in Revelations perfectly defines the ''strong delusion'' and the wars, roomers of wars, earthquakes in diverse places and the storms and waves etc...
I can see the ''New World Order'' Obama final solution now, the peace agreement with Israel and the nations and this idiot standing under the Dome of The Rock signing the New World Order Peace Agreement, right about 2012. It will not last of course, like the debt ceiling going beyond and marking everyone as a beast of burden, the self devouring beast will be consumed by it's own judgment because, the sealing of corruption made peace with an offer of temptation. Don't be concerned folks, just be sealed in agreement with the truth, the truth is not a choice, it's the meaning of life risen in agreement and perfectly defined standing fast and doing no harm. Yahshua shall be returning when you witness the coming event, just wait about three and a half years after the peace is signed. The system has failed and the course is set, there is nothing left to do but defend life, liberty, freedom and independence by just letting the morons do what they will at this point. Just try to pull people out of the rubble if you can and help people stay out of the fire. The shit is on the fan now and it's about to really start flying.
Goodbye all..
Bawny Frank has another $4 trillion waiting in his financial reform bill to tackle the next financial crisis. Can't be bothered with no debt ceiling when the banksters come calling. Everyone else can get in line.
Wow. The article was, as always , great. Zerohedge always frontruns the entire media apparatus with the best stories timely.
But the comments here are just great. On and on everyone knows that this ain't gonna work. Not just here on zero hedge, but every single economics post comments section I've read on any site on the internet is followed by hundreds of citizens expressing their disbeleif and anger about this administration.
I sense a rising tide of popular anger against the Big egO.
-MobBarley
WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.
This new $1.9 trillion ceiling increase is on top of the $500 billion ceiling that was passed by Dems. this past Christmas Eve.
Obama plans on bailing out CA and Il this summer and he is getting his capital requirements in place NOW!!!
How strange.
Lots to say, but this would be the core of it : it would seem that Volker (finally!) has President Obama's ear.
Giving The Geithner Gang 2 trillion may not be a brilliant strategy.
Give Volker 2 trillion in headroom and the USA just might be able to restructure in a quick and sensible way.
Add in Glass-Steagall and the US could come out of this looking pretty good.
BTW: As some of you know, I had calculated 2 trillion as the "magic number" last year. So, I find that this could possibly be seen as quite good news for American citizens and investors.
We'll see what comes next.
Thanks to the ZH team and The Fight Club for interesting comments!
Namke von Federlein
US Supreme Court to Main Street, "Corporations own you, goodbye individual Liberty."
Mission Accomplished.
geopol,
you cannot prove the existence of 'al capone' to the 'people' without the proverbial smoking gun. even in that case, with a relatively insignificant criminal, when all the 'people' DID know, it still took a roundabout method to garner justice. the criminals of which you speak are far more sophisticated than the brutish capone.
best to you & yours...
US Supreme Court is acting on the behalf of Mafia money, too. *gulp*
The commission is a very bad idea. They are looking for cover to pass tax increases.
Thought we already had a commission charged with running the budget -- called Congress.