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Tiny Tim Pulls Out The Huge M.A.D. Guns: "Failure To Boost Debt Ceiling Would Lead To Catastrophic Crisis"
Just out on Reuters, which notes that Tiny "TurboTax" Tim Geither says hitting the debt limit could have catastrophic economic consequences, potentially worse than impact of 2008-09 financial crisis. Bold/underline ours. Expect much more threats of total and complete annihilation unless the dumbest guys in the room get what they want.
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armageddon to the right , armageddon to the left....which way to go, which way to go? I dunno, except we should give all our money to the banks now....right, timmy?
Major food price increases just over the horizon due to arrogant pricks like Tiny Tim.
http://tfmetalsreport.blogspot.com/2011/01/random-musings.html
The prices are going up, hidden by ever smaller contents in packages, so soon a pound can of coffee will cost $50 and there will be 2 scoops in it. Party on, Fraudmerica.
Quick un-lubed $%&*ing for the global economy or a slow long one, just a matter of preference really.....
I did really well during the last crisis. PLEASE bring it on.
Soros? That you?
Found a FULL grocery cart full of Godiva coffee packages (12oz) for 2 bucks each. Guess who's pretty well set on coffee for several months? :-)
well, its really something -- cause there is NO inflation -- watching the activities on the Comex this morning with gold and silver.
quite something to realize you are watching government sanctioned and funded fraud and manipulation.
^^ has never been to the grocery store, much less in the past 3 months alone. Smaller sizes in almost everything and slightly higher or much higher prices (depending on the product). Cheaper ingredients in many items coupled with the smaller sizes and higher prices. My "Fuck that shit" meter is pegging.
No inflation my muffuggin' ass!
all paper products including packaging has just shed weight. i noticed when i bought some paper clips at staples, made in china of course, have a one time use and then they no longer hold their shape. i have some paper clips with me, that i think could be 15 years old. the packaging it a lot more strong and i noted they were made in the U.S.A. for office depot. have you notice envelopes are so flimsy. almost everything has been cut in half strength and quality. even my lint roller paper is thinner and cheaper. yep this is how they are getting away with it all. made in china and they are laughing their asses off, downsize everything in quality and weight. stupid americans don't even question anything any more, perceived to be poor if you complain about quality of anything.
Yes, paper is extremely thin for regular weight and paying extra for heavier weight which they can't skimp on because of its uses so they charge you more. They have to. I went to the store the 2 weeks ago on a snack run. I had the munchies and I was going to be pulling an all-nighter with my 1's and 0's so I thought I'd pickup some chips and some IBC (black cherry). The bag of chips was about 25% less than what I ever remember them to be. It was literally 50% air. Of course I noticed this when got home (munchies). That's the last time I buy chips. I've been buying store brand products for years and noticed that those prices are just now starting to creep up to name-brand product prices from a 2 years ago.
It's crazy! money is worth shit.. absolute shit. I wish I could tell my employer to start paying me in silver & gold rounds.
I've jokingly threatened to sue my employer for never once paying me in real money, but rather in Fed coupons.
What's next, WalMart chits?
Turd,
You do a really excellant job with your blog. While I know you're a little reluctant at times to pimp your blog here on ZH don't be that way. For those who wish to take refuge in Gold and Silver, while you're admittedly biased, you do make an attempt to look at the good, the bad and the ugly.
As far as I'm concerned that's always welcome.
Thanks, CD. Much appreciated.
I don't have a problem with people with bias, provided they don't attempt to hide the bias. Turd fits that profile.
Yes. You're right. Armageddon the right. Armageddon to the left.
And the Fed has the unfathomably difficult job of parallel parking a $14,000,000,000,000 ship right in the middle.
While, at the same time, everyone throws stones at him.
I am obliged to re-post this most instructional video on M.A.D. with guns:
(Jump to 2:20 if you must)
http://www.youtube.com/watch?v=upvZdVK913I
"He'p me, he'p me, he'p me, somebody he'p me!"
Better video IMHO... you can actually watch Timmy ride the dollar.
www.youtube.com/watch?v=wcW_Ygs6hm0
that's because we have han acceptable 2-3% / year inflation increase philosophy over the last 30 years which has resulted in a significant devaluation of our currency. So, the obvious solution is to put the train wreck in hyper drive?
that's because we have han acceptable 2-3% / year inflation increase philosophy over the last 30 years which has resulted in a significant devaluation of our currency. So, the obvious solution is to put the train wreck in hyper drive?
'Timmah got a hard job!' Awww poor lil fella! Is HARD WORK to be scammin money all day and trying to find someplace to park it all!
Sorry. My contract requires that I post something before 10:30, so I forgot something:
Fed has the unfathomably difficult job of parallel parking a $14,000,000,000,000 ship right in the middle, during a hurricane.
There. That's more accurate. Now, let the stone throwing continue....
Aw boo hoo hoo RNR, Timmah got a HARD JOB finding a place to put all that stolen money as 500K more americans lose their jobs this week! Hey RNR why dont YOU sign your paychecks directly over to Timmah if you feel so bad for him!
I don't understand why they don't just double the debt ceiling and be done with it for the next couple of years. This "1-2 trillion every several months" approach doesn't make sense (I'm being serious).
because legislation passes easier when there's is a gun on the table.
If the debt ceiling argument is recycled every year, there is always an opportunity for one political party to pick up the gun and point it at the other party - which really means that it's pointed at Americans, as a whole.
Take the famous legislation passed in December regarding tax cuts for the rich and unemployment extensions for the poor. In this case, both parties were holding guns pointed at the other, and both got what they want. Here, you can be rest assured the debt ceiling will pass, but attached to it will be some legislation that benefits the Republican agenda.
See? The Gun on the Table approach to diplomacy ensures that Washington wins, and America loses.
Wasn't it "clowns to the left, jokers to the right...."
RIP Gerry.
here i am....right in the middle...
Well I don't know why I came here tonight,
I got the feeling that something ain't right,
I'm so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Yes I'm stuck in the middle with you,
And I'm wondering what it is I should do,
It's so hard to keep this smile from my face,
Losing control, yeah, I'm all over the place,
Clowns to the left of me, Jokers to the right,
Here I am, stuck in the middle with you.
Well you started out with nothing,
And you're proud that you're a self made man,
And your friends, they all come crawlin,
Slap you on the back and say,
Please.... Please.....
Trying to make some sense of it all,
But I can see that it makes no sense at all,
Is it cool to go to sleep on the floor,
'Cause I don't think that I can take anymore
Clowns to the left of me, Jokers to the right,
Here I am, stuck in the middle with you.
Well you started out with nothing,
And you're proud that you're a self made man,
And your friends, they all come crawlin,
Slap you on the back and say,
Please.... Please.....
Well I don't know why I came here tonight,
I got the feeling that something ain't right,
I'm so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you,
Yes I'm stuck in the middle with you,
Stuck in the middle with you.
http://www.youtube.com/watch?v=OMAIsqvTh7g
Thanks!!!!
Bill Daley from Chicago mob er political fame and JP Morgan slag now to be Obama Chief of Staff.
Wall Street now controls the country.
One could at least say that Osama bin Ladin would at least have some disjointed moral view of the universe by implementing Sharia. These guys, not so much.
These crooks are no different than MS-13. I would be embarrassed to wear a uniform or carry a badge on behalf of Obama's wrecking crew.
God damn us, every one.
Mos: Help me with this one. Is it:
Timmuh = Arrogance
Bennuh = Want
Or the other way around? I keep getting confused...
Definitely the other way around. Remember who Timmuh used to work for. Benneh thinks he's saving the world ten billion dollars at a time.
Tip toe through the tulips (mania) with Tiny Tim.
http://en.wikipedia.org/wiki/Tiny_Tim_(musician)
http://en.wikipedia.org/wiki/Tulip_mania
good one. perhaps it's time for 'Tiptoe Through The Bubbles' to be recorded. One false step and pow! another bubble bursts...
How nice to up your credit limit whenever you need more money.
And never be the least bit concerned with ever paying the bill. Nice work if you can get it!
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.”
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006”
Thanks Doc. I love that. It should be posted every day on every post and every blog and every newspaper.
Obama - FRAUD; SHAM;PHONY; CHARLATAN; USED CAR SALESMAN (no offense to the actual used car salesman); CROOK, LIAR, etc., etc.
Do I hear "impeachment" ? Well, from my mouth at least...
Ok all you O lovahs - junk away
I tried to find a YouTube of this piece, but am swamped at work and couldn't get to it. If anyone finds one please put it up here. I plan and making my facebook about this topic.
so going by this pattern... Tyler will become president in a few years when we need to raise it to a few quadrillion?
Americans deserve better
Actually, I disagree. Americans don't deserve better. Americans (myself included) received unprecedented conveniences and a life paved (and financed) with efficiencies. We all agreed to the technologies, efficiencies and outsourcing of virtually every single product or service (for a fee of course).
Automation, leverage, technology, outsourcing jobs and securitization gave us vast comforts.
Refrigerator broken? Repair man comes over the same day.
A little cold while watching TV? Just pick up the cordless phone and order a snuggie - a blanket with sleeves.
It snowed more than 2 inches? Municipalities plow the streets (with the exception of NYC's disgrunted overpaid garbage men).
Streets not safe? No worries, policemen will clock in the overtime to keep alleged criminals in courts.
Have a belly ache? Ok, take a day off. You get 2-5 weeks paid vacation/sick days depending on what entitlement-company you work for.
You don't get sick? Well, then you accumulate your sick days and cash out at the end.
You hurt your shoulder 1 day before retiring on the job? Ok, then you get disability on top of pension and SS.
Everyone gamed the system in one way or another. And now everyone wants to assign blame somewhere else.
When the Federal Reserve, IRS and every entitlement program collapses, there will be hope because only then will the productive produce again. Until then, I won't create another job in this economy and the 45 staff I used to employ, well, may the productive ones survive.
Agreed that econ fundamentals, wars and debt fueled wealth created this mess. Now Timmy and team are screaming for more of the same. No one has the political balls really drive change and ask for sacrifice....c'mon...one more super bubble before total collapse?
It appears that one of Timmy's employees is in trouble for following his example:
http://www.detnews.com/article/20110106/NATION/101060424/1361/IRS-agent-...
he'll get promoted.
its true! it would mean they cant steal from the taxpayer at wreckless abandon any longer. if they cant steal our money, where will their bonuses come from!
Of course it would lead to armageddon, any SIGN of the fire hydrant spigot of free money being interrupted in any way spells disaster because thats the only thing holding any of this garbage illusion up at all.
Well said. I believe God will step in, in 3... 2.. 1.
because thats the only thing holding any of this garbage illusion up at all.
Totally false. The only thing holding this economy togethe are the productive people who produce more than they consume. This is dwindling fast. Productive people can't be taxed at 100% of what they produce otherwise there is no incentive at all to produce. When the productive protests they protest silently by no longer adding any value to the system/economy if they can't eek out a small profit. THIS, is what causes the collapse, not money. Money is savings. Savings comes from production. When the production stops, which is happening everywhere, the unproductive will rightfully starve. No more free ride/lunch anymore. Entitlement programs are evaporating by the willfull refusal of the productive to stop contributing and forfeiting every ounce of labor to the weak, indigent and criminals (taxation, inflation, parasites/squid).
The productive can always produce anytime, anywhere. They don't need governments to dictate where their resources should go. The hardest workers (both in labor and management) for any product or service, will get the last laugh, but they will suffer along the way, unfortunately.
yep,, shit hit the fan... eventually :)))))))))
poor Benny & Timmmy... problem is not even debt limit per se,,
but how much.. cause if its 1 year 1.5-1.7 trln $,, then
next year same shit..
if Benny propose 2s year deficit 3.3-3.5 trn $ co cover 2011+2012 then I guess we will see by summwer 10yy 5% , gold 1600, silver 35 $, oil 120 $...
no way out... welcome to reality
alx
This clip is appropriate. Especialy starting at the 1:50 mark...
http://www.youtube.com/watch?v=3AohA367VVk&feature=related
And remember - my favorite line, too - "It can always be worse!"
I'm with the other posters from a few threads ago - why not just raise it to an absurd level? Let's just cut the theater.
It's already at an absurd level LOL. Might as well remove the limit.
So is this Act II or III? I'm losing track.
All I know is I keep getting it up the a** from these pricks.
Don't Panic!
http://www.youtube.com/watch?v=5ilGGP9BDZs
....aaaaand stocks pop higher on the headline.
(Why in the fuc* are Treasuries going higher?)
Any responsible and bright politician left (I know there arent any, just play along) should immediately retort by asking Timmah why that is specifically in essay format with charts and all FED's balance sheets disclosed.
Im SICK of this shit with the FED threatening MARTIAL LAW every so often if they dont get their free passes and blank checkbooks.
The arrogance of power displayed by the Fed is galling.
Pitchforks, anyone???
I agree with Timmmmay. If we cannot keep spending money we don't have, How the hell are we ever going to get out of this mess?
What mess? The debt isn't real. It's a scam and a lie created from nothing. Quit making it a real live problem. If you keep validating it you only serve to make it something it isn't. By ignoring we lose the trust of the global banking business. They never indebt us with our own money again. Boo fucking hoo.
damn jews. they really screwed up this time. they're suppossed to be savers.
It would lead only to a crisis in SPENDING!!
Good!
Failure To Boost Debt Ceiling Would Lead To Catastrophic CrisisThis sort of rhetoric will lead the GOP to hold everyone in the United States hostage to push their agenda.
Translation:
"Either give me what I want, or the whole ship sinks!"
Like Iraq. Like TARP.
Excellent. Remember, Dems, don't negotiate with terrorists.
Maybe we can get some austerity out of this in spite of both parties.
Yeah.
And maybe I'll be voted the next King of Sweden, win the lottery, fly to Mars and cure all the world's diseases...
Or the health care bill.
What will be the next manufactured crisis?
This sort of rhetoric will lead the GOP to hold everyone in the United States hostage to push their agenda.
Been asleep, and/or under a rock, the last two years, eh?
No shit.
That is just straight up propaganda.
I like whoever has the evening shift for RNR better. They are way more creative.
OH I see, you conveniently say its 'Republicrats' not the FED pulling the heist? Wow do you ever read back your own posts before clicking 'save'?
Uh yeah, that was a Democratically controlled House AND Senate that passed TARP.
Lotta folks forget the Dems were running congress since 2006.
Yes. True.
Congress was told by the Republican White House Administration that the world would end without it.
Gun meet head.
Seems I can remember both Bush and McCain (spit) warning of the housing bubble. Bawnee and Schumer, not so much.
http://www.youtube.com/watch?v=cMnSp4qEXNM
Hypocricy, thy name is Democrat.
How does my ass taste, bitch?
Who has sold out to the banksters more? The left, the right, the dems, the reps?
Let the public record speak for itself.
Lets start with our new speaker of the haus:
Boehner (Boner) pushing hard for TARP http://www.youtube.com/watch?v=hZ-70rQD19M
As someone in Youtube mentioned. "This is the speech that earned him the Speaker of the? House position. He proved his loyalty to the foreign banks that have hijacked our country. Many in the House were against TARP. It was on the ropes. Americans were screaming no! John Boehner have this oscar worthy performance and was key to getting it passed. He is now trying to block Ron Paul from being able to hold the banks accountable."
Not that the wishy washy dems are better.
There is more proof of both parties bankstah loving fellatio. Do you want more speeches by W, dem senators, etc. all pushing for TARP otherwise we would have military dictatorship? A quick search in youtube and CSPAN will get you the truth.
Wake up America, both Reps and Dems are whores to TPTB!
You freakin ignorant brain washed idiot.
Boehner (Boner) pushing hard for TARP http://www.youtube.com/watch?v=hZ-70rQD19M
As someone in Youtube mentioned. "This is the speech that earned him the Speaker of the? House position. He proved his loyalty to the foreign banks that have hijacked our country. Many in the House were against TARP. It was on the ropes. Americans were screaming no! John Boehner have this oscar worthy performance and was key to getting it passed. He is now trying to block Ron Paul from being able to hold the banks accountable."
Not that the wishy washy dems are better. Both of you are coksukers.
F you to hell for ruining my country.
There is more proof of both parties bankstah loving fellatio. Do you want more speeches by W, dem senators, etc. all pushing for TARP otherwise we would have military dictatorship? You all just let me know.
Wake up America, both Reps and Dems are whores to TPTB!
We all understand that total collapse is coming. It is all a matter of how soon we want it to get here. I am alright with the antics of Tim, because he is smart enough to know what collapse means. They will do the things they do to kick the can down the road and those who get it will continue prepping. I really have not got comfortable with the idea of shooting a neighbor who tries to break in to my house to feed his family. Those are the things I worry about, not what the FED is doing, that ship has sunk
This troglodyte says not to sweat $3.50 gasoline.
I wonder if every major new media organization was given a memo to spin every bit of economic news no matter what.
http://finance.yahoo.com/news/Don-Sweat-3-50-Per-Gallon-Gas-dg-308547687...
Gold appears to be discounting severe budget cuts and austerity coming up for the U.S. government.
How so?
Care to explain?
The reality that the GOP has this all wrong is coming into focus.
With the US economy extremely fragile, any significant measures taken toward austerity or pulling money out of the system will put the deflation chips back on the table.
Ever since QE1 was enacted, you've had everyone erroneously focusing on inflation fears, meanwhile the US dollar has barely budged (the US dollar is higher today, than a year ago). The real truth is that inflation already happened; inflation burst in September 2008, and the Fed has been trying to huff and puff it back into the economy the best they can.
If the GOP ignorantly begins to increase their rhetoric about killing the liquidity spigots, you will see the real truth: deflation is the real threat to America, not inflation.
Deflation leads to a asset liquidation, as people exchange assets for dollars. Demand for dollars increase, and since gold is tethered to the dollar, gold decreases.
What's really interesting is that everyone agrees that gold is tethered to the US dollar, yet the price of gold has increased (nearly to maniacal levels) while the US dollar hasn't really budged much. The gap needs to close. Gold down.
In a nutshell....
Actually, gold does better during deflations than inflations:
http://globaleconomicanalysis.blogspot.com/2007/02/is-gold-inflation-hed...
Of course... Gold does best during currency crises.
Interesting article.
That article says stocks are a better hedge against inflation than gold - and that goes against EVERYTHING at zerohedge.
"while the US dollar hasn't budged much".
Yes, only 29% last year against real money, gold.
No inflation? Besides food, energy, tuition, cable, etc...LMAO. Commodity index hit an all time high the other day.
You are a cherry picker Mr Red Neck Prechter. Gold is up against ALL currencies you blockhead. QE will obviously continue. Why would the dollar rally and gold go down in that environment. Answer? It won't. Not in REAL terms anyway.
...Equities still seem deaf...
Theater, the limit will be raised. It's a lock. If it's not raised then spending must be cut radically in a short period of time. Since real spending cuts are about as likely as Napoleon rising from the grave and take over Europe I'm willing to take this bet. They might cut the deadline close or have to fudge the numbers around the edges, but it is going up.
This just in from SkyNews:
Napolean's Tomb Empty - Short Decaying Man Seen Near Effiel Tower"
LOL....
Of course the limit's gonna be raised.
But they need to scare the bejeezus out of us in order for us to accept the cuts to SS and other entitlement programs without rioting.
I think the Dept of Education will be cut back severely, because the dumber we get, the easier it is to steal from us.
Cutting SS is basically impossible. Blue hairs vote. My dad is very libertarian but with the age of retirement within sight he is adamant about getting his SS, finances be damned. I have to imagine that they would unite as one to vote that shit down.
Also if you think the department of education has lead to better education in the US then how dumb were Americans before it? Where we semi-upright apes? Because I'm looking at the level of idiocy and ignorance and thinking the dept. of education has been a stunning failure.
We won't have austerity here because the loss of confidence sends dollars back to the US. It's a pure faith based currency/economy and any loss of faith means it pops. The entitlements will be paid, even if it is in worthless dollars. They are simply going to print the shortfall in debt demand. Remember the 2 goals are looting and looting as long as possible. Odds are if they tried to put in austerity a sizable portion of the pop will look at the mil complex and bank complex. After all will they starve or freeze in their homes and support all these foreign wars? Far better for them to keep the game rolling and the masses glued to TV.
To be honest, I fully expected this and thus continue to remain long. But then again, I also think the Dow & SnP will be at all time highs by the end of 2012. Disclosure: I'm a sheeple. LOL
"Failure To Boost Debt Ceiling Would Lead To Catastrophic Crisis"
how about this timmay:
"Failure to gun down Timmay and The Bernank, like dogs in the street, would lead to a Catastrophic Crisis"
See propaganda is easy.
Isn't this what bank robbers do? Put a pointed finger underneath their shirt and exclaim that everyone dies unless they get the money?
Exact. Same. Thing.
Always running out of money you don't have and can't borrow is "catastrophic". At least it would be for "me".
Here we go again... "bail us out or die!!""
My thoughts exactly..
"If we don't vote for this bailout, there will be martial law tomorrow"
There's martial law today. It's just a question of how much of it there is. I mean if you want to throw in curfews and searches it's simply a few more straws on the camels backs.
This whole country is nothing but a crack house with a gorilla in it...always needing more crack or threatening he'll bust up the place. Well I say GO AHEAD cut off the gorilla crackhead let him bust up the whole thing then we can rebuild it!
Bring it, Timmy.
Origin of CATASTROPHE Greek katastroph?, from katastrephein to overturn, from kata- + strephein to turnFirst Known Use: 1540
Paulson pulled the same crap a few years ago with his threats of martial law unless they just hand over the money immediately...Im sick as hell of it all!
Paulson should have been led out of Congress in shackles for threatening the country, and then tried and executed for high treason. Fuckin' A - "Gimme $700 billion or I end your country and we have tanks in the streets." FUCK YOU!
And fuck Turbo Tax Timmy.
I understand that they know that the game is over, and that they are trying to kick the can down the road waiting for a miracle or alien visitors to give us the technology to make oil from dirt at $1/bbl. or something like that, but I am sick to death of the threats. Stop threatening - either pull the trigger, or else explain to the people of this country and the world WTF is going on.
Oh, wait, that would require honesty and guts. Nevermind, Turbo Timmy isn't the first and doesn't have the second. Nor is/does anyone in the District of Criminals. Fuck'em all! Can't wait for the lynchings that you bastards deserve for fucking over the entire world's economy due to the shortsightedness of your over-arching greed for money and power.
Fuckin A! Damn Straight Texan
I would ROFL but this isn't funny, he is stupid
So hitting the debt rubber ceiling again is a problem this time? Like it was worried about it anytime in the past when they magically made the ceiling move higher in the past? They don't care if they steal from the poor, unborn, sick and old do they? Or maybe it is their fat salaries and bonuses at risk?
During the 1980s and previously if you concentrate of the collective media articles,broadcast transcripts words like catastrophe,crisis, and disaster were used seldomly. Between 1989 and 1995 the word catastrophe showed and frequency if use by a multiple of 5.
By the year 2000 the usage had doubled once again.
More interestingly the specific date and time of the increase in these emotion inducing words began in the fall of 1989.
What else occurred in the fall of 2009?
yep,, shit hit the fan... eventually :)))))))))
poor Benny & Timmmy... problem is not even debt limit per se,,
but how much.. cause if its 1 year 1.5-1.7 trln $,, then
next year same shit..
if Benny propose to cover 2011+2012 about 3.3-3.5 trn $
then I guess we will see by summwer 10yy 5% , gold 1600, silver 35 $, oil 120 $...
no way out... welcome to reality
alx
I think as an intelligent human being, you have to ask these people who are calling for catastrophe if the debt ceiling is not raised is "what exactly do you think will happen?" If they're going to make these claims, get them on record.
And even if you're not a doomer, it's still a very helpful exercise in risk. Tell me what the specific risks are to taking or not taking specific actions. What are the causes of the situation and how do you avoid these risks. What these guys are attempting to do is remove themselves from liability of things going to shit. They are the ones spending us into catastrophe and then trying to deflect guilt by warning us about it. They're also trying to confusing cause and effect. The cause of the catastrophe is not refusing to raise the debt limit, it's the spending more than you have.
So if you're reading and you don't have the doomer mindset, an alarm should still be going off in your head.
Volker Resigned.
He's always been interested in ceilings.
I hear the pope is going to pay some kid 12 billion dollars to draw a pornographic artistic representation of the ever rising debt celing as a symbol of godly ascension on the sistean chapel.
It dont matter to me. I is bankrupt. Seems deflation would be better than inflation. oh well, banksters will steal more and more, that you can count on.
and bailing the banksters has led to a
Catastrophic Crisisfor poor people, for sick people, for unborn children, for old people, for people with houses who now have none, for people with jobs who now have none.
Is that just $14 Trillion in 2011 dollars?
The Masters of the Universe are scared to death we'll call their bluff. One day we'll tell them to fuck off and do what they have to do. We'll take the beating, then wake up to find out the world is still here. And if they don't like it we can shove all their paper right up their asses.
So let me get this right, Timmy (the Keebler elf in the Treasury tree)! We IMPROVE our credit rating by INCREASING our debt? And I suppose that we also IMPROVE our resistance to cocaine addiction by INCREASING our use of cocaine, too. Isn't that right, Timmy?
That is absurd reasoning! The soundness of our debt will be INCREASED by cutting up the credit card, not by INCREASING our debt and spending! This is just another example of the lies and twisted reasoning of progressives.
Here's a better idea: Sen. Rand Paul said earlier this week that we can simply spend ONLY what we take in. No need to increase our debt at all! Simple!
The truth is that progressives see the end of their tyrannical agenda, NOT the end of our credit rating!
Tiny Timmy!
Austerity is a bitch auctioning off the sub-prime kitchen-sink !
I've watched the FED peddling US Debt - Auctions over the last 14 days
amazed at how the Fed was auctioning 263 billion US Debt very quietly.
Between Christmas and New Year the Fed sold about 156 billion of Government Bonds
to refinance Debt , plus a 57 billion Auction on Monday 3rd Jan 2011,25 billion Auction on 4th Jan2011, another 25 billion Auction on Wed5 January...that is another 107 billion of Auctions all up on top of the 156 billion Auction over Christmas and New Year.. very low Key..mostly bought by Primary Dealers and Direct and Indirect bids,(foreign Investors) very low.
Now I have not see many people talk about this here except for the Fight Club Tyler.
but it stands to reason if the FED auctions 263 billion Dollars worth of Bonds since 22 December to yesterday (about 14 Days),that explains the rise in Bond yields during that time and most probably the higher US Dollar as well.The FED had to drop the price of Bonds on offer at the AUCTIONS because there were not enough takers apart from the Primary Dealers.
Today Thursday the FED will have some 6-7 billion POMO buyback,just to get those yields come down a bit again...after those 263 billion mega Auctions over the last 14 days!
it's called the Wall-Street shuffle and I am wondering if I am the only one left watching ?
Apart from that, I want my Reparation money back before the fall of the failed Experiment of the US of the A !
http://www.treasurydirect.gov/RI/OFGateway
Maybe the birds flew into the debt ceiling? Better lift it.
If being able to spend only the money coming in going forward means catastrophic, then I am all for it.
If I were to reach my credit limits, my world doesn't end. I would just prioritize on what is really important.
Tax cheat Geithner has never had to do such a thing. it's time he learned.
godamnit, let's get this catastrophe on the road, then.
Keep crying wolf to get what you want and someday someone won't come a running to help you.
With still approximately 97% of the sheeple not giving a damn, things will only get worse until the freight train led by Timmy Boy drives it right off the cliff
Any bets that "Tax-Cheat" Timmy will not win?