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Total Debt: $14,109,842,878,903.50, As First $25 Billion SFP Liquidity Injection On Deck
Total US debt as of yesterday: $14,109,842,878,903.50.
Keep in mind that this number will likely not increase very much over the next several weeks, as organic issuance of about $150 billion per month is offset by $100 billion in monthly SFP draw downs. Incidentally, keep a close eye on stocks tomorrow: since today we had the December 8, 2010 56-day CMB maturity, which will not be met with a rolling re-issuance tomorrow, the Primary Dealers, whose ranks have now swelled by such "traditional" bond trading firms as pure-play derivative expert MF Global (led by ex-Goldman CEO Jon Corzine) and pure-plau futures trading expert SocGen, will have an extra $25 billion in pocket change to invest in 5x beta stocks as they see fit.
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anyone know how many miles of Benjamins this is? its starting to get difficult to fathom all the digits... need to think in wheel barrows or something...weimar republic style
14109842878903 = 141098428789 Benjamins or 22 Benjamins from every person alive on the planet today.
A benjamin is 6.14"
So - 8.6634435276446x10^11 "
Slightly more sensible - 13.7 million miles.
Slighyly more sensible still - 2.2 X 10^7 Km.
Better visual : The moon is 238,857 miles away, so if the benjamins were laid end to end they could go to the moon and back almost 60 times.
A wheelbarrow might be about 6 cubic feet, the volume of a benjamon is about .069 cubic inches, so you can fit a nice round 150,000 $100's in an average wheelbarrow. So you'd need 940657 regular wheelbarrows.
Looking at 'weimar republic style' wheelbarrows, I think you'd need less:
http://endoftheamericandream.com/wp-content/uploads/2010/04/Weirmar-Repu...
Maybe about 20,000 weimar republic style wheelbarrows?
18% gratuity for parties of 300M or more?
I think gonna have to start thinking larger than a wheel barrel
I was thinking helicopters.
According to Pete Stark, we're rich... for "in the national scheme of things, the more you owe the wealthier you are"
http://www.youtube.com/watch?v=UjbPZAMked0
Quit worrying. It'll all work out.
Oh Sh#
Whats going to happen when Obama finds out!!
He's going to be extremely upset. I expect he will give the scoundrels a good verbal lashing.
I would not want to be in their shoes, when that happens.
Trillions and trillions of dollars that are borrowed and owed, with interest, and backed by the taxing of my countrymen and me. I did not vote for this shit.
Shhhhh! the sheeple are busy out buying hotwings for superbowl weekend...Let the games begin!!!! Apparently the Roman method of distracting the masses is still effective today.
Tread lightly. Some folks are really rabid about The Stuporbowl.
What? Is there about 6 minutes of football nestled amongst the 6 hours of commercials.
Fuck the StupidBowl. I will be working a double shift so i can give my paycheck to my owners
Wily Ben Bernanke, Super Genius.
http://www.youtube.com/watch?v=STeVTzWelns
Debt accumulating at 1 million a minute---it is a death star-the eye of the hurricane continues it geometric expansion that will swallow us whole. I suggest everyone sharpen their bartering skills.
Much gunfire in Cairo tonight-
"Death Star"....the star ship Enterprise was a secret Fed mission to boldly go to seek out new planets to dump, sorry take, their toxic debt... "Forget the social and scientific missions, they're taking $500bn in 30 Yr T's... beam it down Benny Boy"
Well, AJ reports heavy gunfire and anti-government protestors killed. No big deal beacuse nobody thinks unrest and rebeliion will impact anything outside Egyptian borders, what? As long as we have The Bernank!
Oh good. I was worried for a moment. I thought the POMO machines were broken. Glad to see they are in full vigor.
It means Luca Brasi sleeps with the fishes.
Whoo there... Let's be serious for a moment.
I want want to know whay's going to happen to all the coins that are in circulation.
I bet that's got everyone thinking?
According to the BEA 4th quarter current dollar GDP was $14,870.4 billion. So debt to GDP now stands at roughly 94.9%. Should we start a pool to determine when we'll hit 1:1? My bet is 1Q12, just in time for primary season!
With the Dems unwilling to cut entitlement spending and the GOP unwilling to raise taxes, what's it going to take to break this friggin trend?
The CBO is projecting an approximate $1.5 Trillion budget deficit for FY2011 (which ends on September 30, 2011). I think the 1:1 ratio might hit before the end of this calendar year.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/26/AR201101...
Bobby we should do a pool--my math says 1-1 3rd qtr 2011, while we are at it shouldnt we do a pool for who would give up their life for what they believe in ?
I served 4 years enlisted in the regular army. I'm just looking out for my kids now, gotta live for them.
Jon Corzine? The same ex-Goldmanite Jon Corzine who is the former senator from New Jersey? The same Jon Corzine who has trouble driving between the white lines? Oh, the seat belt gods have played a cruel joke on us all....
Former Gov. not Senator. That ass couldn't run a mens room urinal cake replacement schedule without fukin' it up.
This means the treasury is repaying its 'loans'? Methinks it means nothing since the treasury is repaying with its own obligations, thus the debt continues to accumulate.
Since there are no incremental SOP Bill auctions in the meantime, this is a reliquifying event.
Just for fun add the GSEs in and see where we really are.
Maybe I'm confused with all the capital letters but I certainly don't understand how the treasury pays down its debt with its own obligations. Nor do I understand this 'reliquification', a treasury bill is 'money good'. The treasury is just issuing debt in the form of bills & 'repaying' them in the form of Federal Reserve credit, or, rolling over perpetual debt.
tyler ignores that the SFP extracted money via Treasury debt, but reinjected it after the resulting proceeds were 'loaned' to the Fed who bought MBS and Treasury debt with the money. How much net 'reliquification' occurs when the process is reversed is far from clear.
The entire process is increasingly resembling a check kiting scheme.
But the SFP Treasury bill is 'money good'. That is to say, a treasury bill is the most liquid credit instrument anyhow, it trades as money, how can issuing such a bill extract money or 'reduce liquidity'?
Ok, Federal Reserve credit is supposedly 'money' but bank credit is only as good as the assets the bank holds, which are Treasury bills. It's perpetual debt, thus you cannot subtract the supposed 'repayment' from the total debt.
AUD,
No, you are not confused. you explained it perfectly in the last half of your paragraph.
Try pulling-off the same process for AU and AG.
Off topic Tyler, but anyone care that a buzz saw with 200 mph winds twice the size of Katrina is ripping a new a-hole into Austrlia?
http://www.bom.gov.au/products/IDE00902.loop.shtml
Looks pretty fuckin' big -- still active
http://www.bom.gov.au/products/IDE00902.loop.shtml
Looks pretty fuckin' big -- still active
Washington D.C. is an affront for Tel Aviv.
Israel will prove to be the most oppressive and murderous country
and people ever on this earth. Enough is never enough.
Modus Operandi -
First they try to kill your spirit and identity. If that doesn't work
they just kill you. And they kill with impunity over and over again.
Seems nobody get the point of US printing money.
FED Prints money buys Commodities and Bonds.
commodity goes up GDP goes up.
Is it so difficult instead of posting 100's of arguments.
Why do the 5x beta stocks get the injection this time? I guess all the garbage is not elevated to where the man wants it yet, or is it that the stocks with the lower beta have all been primed?