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$42 slv...nuff said
Sorry children and grand children for making you slaves to my fathers debts. hey it was fun while it lasted though right? o you would not know, you were not there.
The slavery won't come through debts, they can easily be defaulted upon. Slavery will come through capitulation to centrist and globalist elitism.
Exactly. The debts can be called fraud and cancelled (Glass-Steagall)
Even if the fraudulent debt, wasn't fraudulent, which isn't the case with the U.S.A. as it is fraudulent, you can always default.
It's the people who are idiots by saying
a) pay off fraudulent debt (printing, austerity, doesn't matter, you're setting horrible policy for fraud)
b) pay off huge debts that are unpaybale by failing to realize that when debts get too big, default is an option
We don't even need to do 'B', because the big banksters got us in hock through 'A'.
I don't see Barack saying this, I don't see Boehner saying this, and I don't see the corporate tea party saying this. Hint all three sides are controlled ultimately by the same banksteriffic side. Paul Ryan's fascist corporatist plan is unreal and idiotic. The Tea party wants to stand behind that POS, 'completely misses the boat' plan?
Glass-STeagall and/or default...after all, it's all pretty much FRAUD.
Hamiltonian System using real American dollars, not an Fraudulent Debt Based Imperial monetary system using a foreign corporation's federal reserve notes.
If the #1 thing in someone's 'plan' isn't getting rid of the fraud through Glass-Steagall or default, then they don't have a fucking plan.
Who wants to pay for fraud through blood or debasement? Apparently Dems, repubs, and tea party. All completely clueless.
Glass-Steagall is the key and it will lock up the fraudulent debt and financial products, for good.
A perfect scene from 1985 ''The Breakfast Club'', sums it up well. (go to 02:39 mark in the scene) http://www.youtube.com/watch?v=UpmoYfJEt2M&feature=related ...''don't count on it'' is about right and this is the time of reckoning.
The movie and the theme of the 80's ''Wall Street'' crowd that has turned 2012 into economic hell for their kids and grandchildren >>> http://www.youtube.com/watch?v=fY1WiQV5Kt4
The numbers are just pathetic. America looks like what it is, a pathetic bunch of pimp'd out whores and liars ...now found wanting. The writing is on the wall, just as it was in Babylon and in the Days of Noah, so is it with this generation, never to see and end to the self devouring deficit beast their whole laboring life.
Projecting this shit past 2013-14 is just so much Excel-based analytical masturbation. Interest payments will never get that high. The whole fucking enchilada will be splattered all over the inside of the microwave long before that happens. And the next generation(s) will be living off this generation...that is, they will be keeping us locked in the cellar and eating our soft organs. And we will deserve it.
While I'm here...Can the US default on the debt they owe themselves? And not affect the rest of it? Will they try anyway?
Thats an interesting question. The Fed are the largest holder of US debt. Theyre a "private" institution. Theyre not very popular. Theyre owned by Wall St.
I think the idea of a US govn default on Fed Reserve treasury paper is worth exploring the consequences. Clearly Wall St blows up. I dont see the problem in that - i didnt buy the Mad Max scenario in 2008 and i dont buy it now. Mad Max happens if we have hyperinflationary currency collapse though....
Hyperinflationary scenario is already in place as we are the world reserve currency. The money is out there...its printed....If the world stops using it, it hyperinflate without having to print one more dollar. A default of any kind (even to the fed) would cause a mass exodus away from the dollar. It would collapse overnight and automatically hyperinflate. For every $100.00 dollar bill that lives in the U.S., 5 live abroad.
Sure, i see the faith and trust aspect - afterall , thats all fiat is. But a ring-fenced default on Federal Reserve held debt only? Im playing devils advocate - it would only shake what little faith i have left in the USD but im thinking of what options we honestly have. None of them are pretty.
Default ALL of it. Should the Eypgptian people be taxed to pay for Mubararek's prostitutes? Of course not.
It should be a crime to lend money to a tyrant. The US government is tyranny. If you bought a governent bond then sell it and buy silver...if you didn't then good luck trying to collect fuckers!
It should be a crime to lend money to a government. Oh wait, they lend it to themselves...
Hang 'em or double hang 'em.
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Illegitimate or Odius Debt.
Our leadership has the audacity to point the finger on 3rd world leaders and their spending binges. The corrupt leadership went into debt to buy of course from the major companies that put the 1st world leadership into place to begin with!
Anyway, it shall not matter much soon.
At the rate the US is deteriorating, it can only hope to reach official 3rd world status before the debt collection gets serious.
Please everyone, in such time of great turmoil the most exposed shall perish first.
Don't look at Ruanda and say it can't happen here.
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Hmmm, GOOG Q1 net income of $2.3B and a market cap of $186B? Pass.
Can you say bubble?
And all the tech people I know want to be just like them.
See all those data centers they have? Gulping gigawatts of energy, which is getting more and more expensive.
Well, it isn't $186 billion any more... down 5% AH. To be fair, that $186B includes $35B in cash. Earnings of $10B-ish (TTM) on a market cap of $140B-ish isn't great, but it isn't NFLX either.
It was selfish old people who ran up the debt for me to pay before I was old enough to vote.
Forcing me to labor due to actions of my ancestors is slavery.
Default is the only moral solution to an unjust debt that i did not sign up for.
No need to worry about that, they'll just increase the deficit. Problem solved!
one final asset deflation market collapse, then off to hyperinflation we go: http://www.youtube.com/watch?v=xTmdGhCCN7U
How about interest rates like in the 70s when it was 13%? We're talking over $2 trillion then. It really doesn't matter what happens in 2020 because either inflation is going to be out of control or interest rates will be so high that we have to default on the debt. Take your pick.
I rather doubt by 2020 there will be a US dollar around to price anything in, much less debt owed on some old dusty Treasury notes which will only have value as wallpaper or stove fuel.
It would be interesting (or maybe just a horror show) to apply the CBOs interest rate assumptions to the Feds balance sheet....
Public debt is only 14 Trillion. Don't worry about it. Total debt is many times more.
Tis but a scratch.
are you doing jumping jacks or jumping rope?
Does it matter??
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The USD dominos are starting to fall. A meeting of the BRICS on Hainan Island off China concluded with an agreement to mutually trade in their own currencies. Hmmm. No MSM reporting on this.
IN 2020 They estimate the deficit to be $685 billion.
Assuming anything is still measured in dollars by then, $685B will likely be a week's worth of deficit.
NEWS FLASH - Irrevelent, we will not make it past 2013 anyway.
2013-2014 hunting season will be exciting with new forms of game
Our whole deficit will be a result of the interest on accumulated debt.
Our whole deficit will be a result of the interest on accumulated debt.
Not true. Correlation does not equate to causation.
Usury. Puzzlin the goyim since ~2000BC.
We're all Irish now. We're not broke, the Fed is.
Renegotiate the arrangement or default to the Fed.
They don't like it we drill baby drill and print our own damn money without the usury.
What's backing their FRN? Us?
Fuck the Fed bought 1.2 trillion in toxic, underwater mortgages with 2nd and even 3rds on them that are probably worth 5% on the dollar if that much? Don't tell me the taxpayer is going to profit of that steaming load of shit...
Welcome to my world!
Here in Brazil, the federal government spends more with interest on debt per year than with Education, Healthcare, Maintenance of federal roads, Law enforcement, Science & Technology, and Tourism promotion, combined.
Sorry to hear about your govts. ignorance, but the US isn't that much farther behind with all it's unfunded liablities...
This is where the term Prisonplanet comes from. All the BIS banks as one...with international armies used to make sure that interest payments are never missed. This is the goal. You think the World bank is trying to get economies growing on their own independently? wron.
Despite that, I'm more bullish on the Real than the USD.
At least Brazil has something in the ground and above that the world wants and needs.
See the BRIC agreement to shun the Dollar trade.
USD is done, stick a fork in it. Nobody is admitting it yet of course but everybody is positioning their assets accordingly.
It will be bad enough when the US collapses. It would be worse if everyone else is trying to save the ship from sinking.
Blame belongs to the bankers and the attorneys and their political whores. Hands down.
But at least you have one hell of a national dog!
"This is based on multiple assumptions, but at least a few stand out as optimistic, if not outright fantasy. "
I agree. Come the end of May, who knows where the bond market will be...2, 3, 4, 5, etc percent. higher?
They proved that deficits don't matter for as long as it enriched the cronies. Government spent lavishly on the oil-military-industrial complex and Wall Street.
Now they proved that deficits totally matter but they want the middle class to make up the difference.
Makes sense, no? It's the "American D:Ream"
Short-sighted and optimistic analysis.
Interest rates will ramp up sharply before 2020, and interest payments will be closer to $2 trillion by that time.
If the entire system has not collapsed by then.
Dissolve the fed, and you dissolve the fiscal problem. The bigger problem is replacing the idiots in congress and the white house with ones that can actually create the policies this country needs. Also, ending the centrally planned economic genocide by targeting the IMF and Worldbank.
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