• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Total Global Debt Has To Double To Over $200 Trillion By 2020 To Preserve Economic Growth

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Wed, 01/19/2011 - 14:24 | 887645 thepigman
thepigman's picture

Won't happen. Global Japan, bitchez.

Wed, 01/19/2011 - 14:32 | 887674 midtowng
midtowng's picture

Much worse than Japan.

Japan had a high savings rate and trade surpluses. Plus they were able to export many of their deflationary problems.

We are talking a global problem, so none of those things apply here.

The problem is that we live on a debt-based global currency. Eventually we either have to default. It's the problem of compounding interest. It can't go on forever.

The thing is that a debt-based currency is exactly what the bankers worked hard to put into place, and what they rely on to maintain their power. So they aren't going to give it up without a fight to the death.

Wed, 01/19/2011 - 15:25 | 887839 Michael
Michael's picture

I made this Youtube video with pieces from part 3 of the BBC documentary, “The Power of Nightmares”. It explains the Precautionary Principal and where it came from, that has caused so much damage to our way of life and the world. This will tell you why the eco-fascists, Neo-Libs, and Neo-Cons use their apocalyptic predictions.

The Precautionary Principal-International Banking Cartel Brainwashing
http://www.youtube.com/watch?v=4GIkWuuq45I

Wed, 01/19/2011 - 17:09 | 888201 hedgeless_horseman
Wed, 01/19/2011 - 18:07 | 888479 chopper read
chopper read's picture

great post.  thank you.

Wed, 01/19/2011 - 18:35 | 888574 dogismyth
dogismyth's picture

The precautionary principle is a paradigm that should NEVER be used as the driving factor in action.  I worked in the environmental management arena for decades under the premise of the precautionary principle.  The absurdity that stemmed from this principle were Orwellian, just as they are today.  For example, we had hypothetical people digging in the ground to a depth of 6 feet and eating 100 mg of that soil a day.  That was the scenario the USEPA wanted adopted for all assessments for industrial waste released to soil.  It was fucking ridiculous and some companies had to spend millions to cleanup for a potential exposure that had a likelihood of occurring of about 1 in a billion.

So its a useless tool when logic, science and reasoning are thrown out the window in order to protect some  unnamed hypothetical person doing some irresponsible and highly improbable act.

Your video was good.  Blair is a crook.  Plain and simple.  He knows what he is doing.  All royalty and bloodlines need to be captured and placed on a island for there (and our) own good.  They are ruthless, arrogant, uncompassionate, selfish and fucking insane through their inbreeding.  90% of the worlds problems would be gone like that...(i just snapped my fingers)....if these evil fucks were exiled somewhere and the world was put into the hands of humanitarians, unbiased scientists and artists.

Thu, 01/20/2011 - 22:20 | 892154 chopper read
chopper read's picture

thanks for posting, mate. 

Wed, 01/19/2011 - 15:30 | 887857 TheDavidRicardo
TheDavidRicardo's picture

Thank you, thank you , thank you.

If I hear one more person say that the US is not Japan (implying that the US is in better shape), I'm going to kick them in the balls or vagina!

Wed, 01/19/2011 - 15:44 | 887884 SheepDog-One
SheepDog-One's picture

Or both! Depending on what part of town youre in!

Wed, 01/19/2011 - 14:25 | 887648 JW n FL
JW n FL's picture

Luquidity BITCHEZ!!!!

Wed, 01/19/2011 - 14:32 | 887649 TruthInSunshine
TruthInSunshine's picture

Is there an 'app' for this 200 trillion?

I would like to see this impending 'issue' be resolved via the use of a simple iPhone app.

Wed, 01/19/2011 - 14:26 | 887654 aerojet
aerojet's picture

Damn, I only came over here to post some witty "_____, bitchez" comment and got beat out twice over.  How about, CREDIT, BITCHEZ!!!! ?

Wed, 01/19/2011 - 14:43 | 887717 centerline
centerline's picture

After reading a little more of the material, I would go with "New World Order, bitchez!!!"

Wed, 01/19/2011 - 15:47 | 887890 Mudflap
Mudflap's picture

BLOW, BITCHEZ!!

Wed, 01/19/2011 - 14:27 | 887655 JW n FL
JW n FL's picture

"Going back to the 2010 word of the year, contagion, here is who the WEF believes are the riskiest countries. Not surprisingly, the US is front and center..."

 

how much of that metric is pass thru from the other idiots around the globe?

Wed, 01/19/2011 - 14:28 | 887657 stormsailor
stormsailor's picture

why is there such a divergence on the dji and the s&p?  usually runs about 10:1.

Wed, 01/19/2011 - 14:31 | 887667 TruthInSunshine
TruthInSunshine's picture

The Bernank and his minions realized a while ago that it is easier to target 30 stocks for hot beef injections, to get them into the green (or at least keep them from falling as far into the red), and thus give a warm, fuzzy 'wealth effect' feeling to the masses, than to do so with 500 stocks.

Wed, 01/19/2011 - 14:35 | 887686 thepigman
thepigman's picture

+100

Wed, 01/19/2011 - 14:39 | 887700 thepigman
thepigman's picture

Step right up, sir, and get your

jacked-up, ramped-up equities from

the PDs.

What could possibly go wrong?...it's the Dow.

Wed, 01/19/2011 - 15:06 | 887782 Hephasteus
Hephasteus's picture

Every dog show has a best of breed and best of show category.

Wed, 01/19/2011 - 16:05 | 887937 rubearish10
rubearish10's picture

IBM is a heavily weighted DJIA stock.

Wed, 01/19/2011 - 14:29 | 887662 Yancey Ward
Yancey Ward's picture

Realistically, there are net debtors and net creditors.  At some point, enough net debtors reach the point where they decide that they spend enough of their working day servicing their debts and no more.  When that point is reached, they will do one of three things, default, stop taking on debt, or actively start taking it on with every intention of defaulting.

Wed, 01/19/2011 - 15:00 | 887767 hedgeless_horseman
hedgeless_horseman's picture

At some point, enough net debtors reach the point where they decide that they spend enough of their working day servicing their debts and no more. 

In 2010, an incredible 9.42% of all housing units in Nevada were foreclosed upon.

http://finance.yahoo.com/real-estate/article/111848/the-eight-states-running-out-of-homebuyers?mod=realestate-buy

Wed, 01/19/2011 - 15:07 | 887787 SilverRhino
SilverRhino's picture

When that point is reached, they will do one of three things, default, stop taking on debt, or actively start taking it on with every intention of defaulting.

 

And if Joe6pack follows the lead of the .GOV?   Option 3 will win out every time.

Wed, 01/19/2011 - 15:09 | 887793 Financial_Guard...
Financial_Guardian_Angel's picture

+100

Then it's the net creditors turn. They will have options too. Take it up the a$$, restructure the debt, or call in the military to ensure all assets now belong to them. Which do you think they will choose??????

Wed, 01/19/2011 - 14:31 | 887665 Duffminster
Duffminster's picture

Is the growth measured in inflation adjusted dollars and if not, perhaps closer to $1 Quadrallion in new credit will actually be required to compensate for massive hyperinflation???

Duffminster

Wed, 01/19/2011 - 14:31 | 887671 plocequ1
plocequ1's picture

200 Trillion? Meing. Thats alot of money

Wed, 01/19/2011 - 14:35 | 887688 JW n FL
JW n FL's picture

it is almost 1/4 of JP Morgans Global Holdings.. in one market place, not gross.

Wed, 01/19/2011 - 14:38 | 887698 plocequ1
plocequ1's picture

2020. Hopefully by then i will be sleeping with the fishes

Wed, 01/19/2011 - 14:42 | 887716 JW n FL
JW n FL's picture

i hope not... live long and prosper!

Wed, 01/19/2011 - 14:32 | 887675 Caviar Emptor
Caviar Emptor's picture

Debt instruments of mass destruction.

Hard to make someone deep in debt become a responsible citizen.

Wed, 01/19/2011 - 15:04 | 887778 wisefool
wisefool's picture

Not a problem. Just tell that to the OBGYNs so they spank/stamp american future taxpayers with their 10 digit SSNs. 10% more patriotic Keynesianicity!.

Wed, 01/19/2011 - 14:36 | 887684 tonyw
tonyw's picture

It's obvious now why Tunisia and Egypt are having problems (see the fifth chart) - they don't have enough credit to buy things so people are rioting!!! Just slip them all a few large ones and they'll be happy as Larry won't they?

But seriously why do they keep calling it credit when it's a debt.

 

Wed, 01/19/2011 - 14:48 | 887734 DonnieD
DonnieD's picture

credit to the bank, debt to the poor people that need it.

Thu, 01/20/2011 - 11:17 | 889922 Monday1929
Monday1929's picture

"floated a bond issue" sounds much better than

"mired themselves further into debt"

Wed, 01/19/2011 - 14:41 | 887711 bugs_
bugs_'s picture

save that ponzi

 

Wed, 01/19/2011 - 14:42 | 887714 jus_lite_reading
jus_lite_reading's picture

Why wait? Print NOW. That way every man has a castle and a roast duck on his plate.

Wed, 01/19/2011 - 14:43 | 887719 JW n FL
JW n FL's picture

Mc-Mansion... not castle thats so last century..

Wed, 01/19/2011 - 14:44 | 887723 TruthInSunshine
TruthInSunshine's picture

McMansions with Chinese Drywall/Sheetrock and shitty ass construction.

Wed, 01/19/2011 - 15:11 | 887799 JW n FL
JW n FL's picture

I do feel for all those poor souls out West in Broward and Miami...

Wed, 01/19/2011 - 14:43 | 887718 Sudden Debt
Sudden Debt's picture

Didn't OBAMA sell out the US for 45 billion to the Chinese today?

Which state did they get?

Wed, 01/19/2011 - 14:46 | 887729 NotApplicable
NotApplicable's picture

Please be California!

Wed, 01/19/2011 - 14:53 | 887753 Yancey Ward
Yancey Ward's picture

We tried to give them Illinois, but the state employee unions objected under 5th Amendment grounds that it was an illegal taking and they required just compensation.

Wed, 01/19/2011 - 14:44 | 887720 TruthInSunshine
TruthInSunshine's picture

A fiat tree in every yard!

Wed, 01/19/2011 - 14:45 | 887725 NotApplicable
NotApplicable's picture

QE to infinity!

ZIRP to the rescue!

 

Wed, 01/19/2011 - 14:45 | 887726 gwar5
gwar5's picture

We can double it ....easy!

Wed, 01/19/2011 - 14:46 | 887730 irishlink
irishlink's picture

and then the politicians can blame the citizens! Barrosa went ballistic on the poor IRISH MEP in the European parliament today when he suggested that the high interest rate on the Irish bailout loans were to bail out the TBTF banks around the world. OH we are a nasty piece of gum stuck to their shoes now!

Wed, 01/19/2011 - 14:46 | 887731 Rainman
Rainman's picture

The worldwide credit future is so Rumsfeldian : There are things we know, things we don't know and things we don't yet know we don't know......or something like that.

The only thing we know we know for sure is that E-Z promiscuous lending is the golden egg but sadly the goose is in menopause. 

Wed, 01/19/2011 - 14:49 | 887735 buzzsaw99
buzzsaw99's picture

Cool. Does anyone know how I can buy me some Facebook?

Wed, 01/19/2011 - 14:49 | 887738 Bastiat
Bastiat's picture

And all that debt will be paying interest -- to whom?   The ponzi debt fiat money machine will meltdown before 2020.

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