Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion

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Wed, 03/16/2011 - 19:38 | 1064003 Akrunner907
Akrunner907's picture

LOL!  And what has that brought to us?  NOTHING!  Just loan sharks on Wall Street got their vig.

Wed, 03/16/2011 - 20:10 | 1064130 I think I need ...
I think I need to buy a gun's picture

was this a government created earthquake? this is impeccable timing. Indian Ocean and Haiti were practice runs.......This is a man made earthquake. And I think they can do it.

Wed, 03/16/2011 - 20:22 | 1064139 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Now that's crazy talk.

HAARP is a passive research project it is not The Military's Pandora's Box!

http://haarp.net

Thu, 03/17/2011 - 00:45 | 1065411 JW n FL
JW n FL's picture

Pomo is a passive... research project... it is not a Millitary's / FED's Pandora's Box!

 

http://www.newyorkfed.org/markets/tot_operation_schedule.html#

Wed, 03/16/2011 - 20:15 | 1064152 AUD
AUD's picture

No, that's giving the government far more credit than they deserve. Though it is causing fools to give the government lots of credit, as in their money.

Wed, 03/16/2011 - 20:24 | 1064183 john39
john39's picture

not the government, the ghouls that control it.

Wed, 03/16/2011 - 20:57 | 1064341 flacon
flacon's picture

I woke up this morning and I don't even know what a "$" actually is any more. It's certainly not "money". I think it's a unit of (or measurement of) insanity. We have finally arrived at pure Leninism - where there IS NO CONCEPT OF MONEY any more. 

Wed, 03/16/2011 - 20:57 | 1064347 flacon
flacon's picture

“Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. There is no justification for the existence of money in the Bolshevik state, where the necessities of life shall be paid for by work alone.

Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation, for however ruthlessly such measures may be applied, astute speculators and obstinate survivors of the capitalist classes will always manage to evade them and continue to corrupt the life of the community. The simplest way to exterminate the very spirit of capitalism is therefore to flood the country with notes of a high face-value without financial guarantees of any sort.

Already even a hundred-rouble note is almost valueless in Russia. Soon even the simplest peasant will realise that it is only a scrap of paper, not worth more than the rags from which it is manufactured. Men will cease to covet and hoard it so soon as they discover it will not buy anything, and the great illusion of the value and power of money, on which the capitalist state is based will have been definitely destroyed.”

~ Vladimir Lenin

Thu, 03/17/2011 - 00:21 | 1065342 Zero Govt
Zero Govt's picture

Flacon

like your posts but on this one you've got the wrong end of the stick. what's just about to happen is Credit Crunch II. Like CCI it's a mass panic in the credit (debt) game and as the credit cards collapse everyone will be running to liquidate paper (IOU's like stock certificates etc) and making a grab for hard cold cash

Namely what's about to kick off is not a further inflationary spiral of prices but a deflationary implosion in prices ....keep hold of your Dollars right about now

Wed, 03/16/2011 - 19:37 | 1064006 Spitzer
Spitzer's picture

Will the Japan crisis be enough to trip the derivatives market and the treasury market ?, that is the question.

Even if it takes a week or 2, while the people in Japan learn to live with no power...

I have BMO on the hook for $60,000 margin that I could blow on physical any time....

Wed, 03/16/2011 - 19:46 | 1064019 Xkwisetly Paneful
Xkwisetly Paneful's picture

It is not a spending problem though it is a taxing one.

Europe has much higher taxes and is mostly broke too,

but just ask any stupid ideological neo marxist,

big government is the solution not the problem.

Can't cut it in good economic times, can't cut it in bad economic times. Afterall what went down in WI just created more unemployment- just ask same stupid ideological neo marxist.

Likewise still waiting for trickle up economics to work.

 

But everyone knows the super rich are making out like bandits with 0% rates on savings and their personal spaceships.

 

THe stupid ideological neo marxist has largely made the concept of unattainable luxury banal but that sure doesn't stop them from whining like queens while living like kings.

Wed, 03/16/2011 - 20:02 | 1064104 malikai
malikai's picture

We'll see how those "neo-marxists" do when big government falls flat on its face and they have to support themselves.

Wed, 03/16/2011 - 20:03 | 1064107 Alcoholic Nativ...
Alcoholic Native American's picture

who the fuck are these neomarxist? Are they in your imagination?  Trickle down just raped the country.  You sound like a teatard. Obama is a POS that has stuck with status quo all the way, it was under bush that actual checks were being sent out to stimulate the economy.  Obama has done nothing but prop up wallstreet.

Talk about a stupid idealogical bitch that whines too much.

Do you know what projection is?

 

Wed, 03/16/2011 - 21:49 | 1064456 Xkwisetly Paneful
Xkwisetly Paneful's picture

The guy you voted for has spent $10trillion now.  Largely making not one iota of economic difference to the good, which is very, very tough thing to do.  good job prolonging the pane though, a specialty of the neo marxists. 

 

NO seriously they need to raise the taxes on the rich, then when that money is gone in two months start taxing stupidity so the big government promoters actually pay for a change. Cause it surely isn't a spending problem it is a taxing one. 

Instead of lashing out, post more about what a victim you are while living better than royalty does in most countries,

 

neo marxist delusional.

 

Only the winners pay the vig.

Which excludes most of the whining neo marxist delusionals like you.

Wed, 03/16/2011 - 21:20 | 1064498 Jerome Lester H...
Jerome Lester Horwitz's picture

My hope is that all people who loosely throw around words ending in "tard" get married and have a flock of mentally retarded, Autistic, Downs Syndrome type kids so they realize how painful it is to those of use who have children like this to see a slang description of our kids disability hurled about to give the user of such slang some kind of undeserved superiority complex. I mean really, can't you people make a point without using an ugly slang word that implies that your target is mentally challenged? I am the parent of an Autistic child, my best friend is the parent of a Downs Syndrome child and people who throw this insult around have no idea how utterly repulsive it is to have a loved ones disability degenenerated into nothing more than a personal insult. If you can't find a descriptive word without insulting defenseless disabled persons then please...consult a dictionary. Sorry to vent but this annoys me to no end. It seems that the insult de jure lately is retard, teatard, libtard...etc and it is repulsive!

Wed, 03/16/2011 - 20:06 | 1064118 Henry Chinaski
Henry Chinaski's picture

Wealth confiscation. Bitchez!

Wed, 03/16/2011 - 19:42 | 1064022 Caviar Emptor
Caviar Emptor's picture

Methinx there'll be serious ripples. Stay tuned. 

Wed, 03/16/2011 - 19:41 | 1064015 Caviar Emptor
Caviar Emptor's picture

And we're pushing biflation to new extremes: totally dead new housing construction, and seriously soaring energy and food prices. All thanks to new extremes of global money printing. Core PPI is in the cellar because prices can't be passed on to constrained consumers struggling with cost of living.  

Wed, 03/16/2011 - 19:40 | 1064016 jerry_theking_lawler
jerry_theking_lawler's picture

congress WILL increase limit, ben WILL print more money. what is there to discuss??

Wed, 03/16/2011 - 19:43 | 1064027 6 String
6 String's picture

what is there to discuss??

Well, we could discuss how Benny will blame Congress for QE3. Because that is exactly what is going to happen after a brief hiatus.

 

Wed, 03/16/2011 - 20:05 | 1064112 dark pools of soros
dark pools of soros's picture

what can Ron Paul say to this madness??  will he just quit?

Wed, 03/16/2011 - 19:41 | 1064017 Muir
Muir's picture
Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion

 

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Tis but a scratch.

 

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Wed, 03/16/2011 - 19:53 | 1064070 Spitzer
Spitzer's picture

And gold falls....

 

Maybe we are all underestimating pozi finance. If this doen't do it, what will ?

Wed, 03/16/2011 - 20:06 | 1064119 Long-John-Silver
Long-John-Silver's picture

The Japanese are liquidating Gold and Silver. This should have been expected by everyone. Don't worry, Even after the Japanese exchange paper Gold and Silver for YEN JP Morgan will still have a huge short position and all will be "normal" again.

Wed, 03/16/2011 - 20:44 | 1064266 nmewn
nmewn's picture

"And gold falls...."

In devaluing dollar terms...not value terms.

They're shakin out the G/S paper spec's, all the major indexes are flat or negative for the year, combined with a -3% devaluation of the dollar that you are obligated to pay tax on?...what a deal...LOL...so the printing ponzi has done nothing but raise everyone's cost of living.

Just BTFD and hold it in your hands, you can thank me on the other side ;-)

http://www.youtube.com/watch?v=sAaT3KVDhdQ

Wed, 03/16/2011 - 20:20 | 1064166 eddiebe
eddiebe's picture

Deficits don't matter til the bankstas say they matter.

Wed, 03/16/2011 - 21:30 | 1064571 nmewn
nmewn's picture

"Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion"

And now a word from that deficit hawk...let's all give it up for...nancy pelosi?

http://www.youtube.com/watch?v=fOWoQfeoP0I&feature=player_embedded

We won't go into the history right now?...LOL...why not? 

BAB's bonds?...debt.

700 billion in debt created or saved 3.6 million jobs? (as 10 million lost theirs?...and by what accounting method?)...the 700 billion produced revenue into the Treasury that decreased the deficit?...ROTFLMAO!!!

This from a Speaker of the House who didn't even bring a budget to the floor in 2010 with an overwhelming majority on her side in both chambers and a president in her own party?

Certifiably insane.

Wed, 03/16/2011 - 19:42 | 1064018 Debtless
Debtless's picture

This country. This system. This government. What a huge fucking joke. 

Wed, 03/16/2011 - 19:43 | 1064026 candyman
candyman's picture

is the Paul/Bernack fight still on for tomorrow?

Wed, 03/16/2011 - 20:04 | 1064113 malikai
malikai's picture


No Benocide listed.

WITNESS LIST

http://financialservices.house.gov/hearings/hearingDetails.aspx?newsid=1802

Wed, 03/16/2011 - 19:45 | 1064031 Shameful
Shameful's picture

Living on the edge.  Good thing there is a crisis cover so both sides of the one party system can come together and move the debt target higher.  Maybe they'll be smart and push it to something like 19.5 Trillion, try to push these bad boys further out.

Wed, 03/16/2011 - 19:45 | 1064039 Caviar Emptor
Caviar Emptor's picture

They can invoke the "you print, I print" rule! 

In the new global Ponzi where everyone is in deep quicksand, it's unfair if Japan just prints the equivalent of GDP in a week and uses it to buy up a year's worth of Saudi crude. So other countries, including the US, should get an automatic green light on printing in their own currency to bring things back in to balance. Fair is fair!

Wed, 03/16/2011 - 19:48 | 1064042 MagicHandPuppet
MagicHandPuppet's picture

I'm ready. Let's get this party started.

http://www.youtube.com/watch?v=IKqV7DB8Iwg

Wed, 03/16/2011 - 19:47 | 1064047 Backspin
Backspin's picture

This is the issue that isn't going away.  Tsunamis end and mess gets cleaned up.  Gulf oil spills get cleaned up.  Even reactors can get shut down or repaired.  But this issue, the never ending spending, is still the primary reason to buy PM.

Wed, 03/16/2011 - 19:49 | 1064051 AldoHux_IV
AldoHux_IV's picture

Debt? What debt? Just sweep it under the rug-- it's the nuke option: end the fed, reform the treasury, and replace congress with actual solution providing people and not corporate sponsored stooges.

Wed, 03/16/2011 - 20:38 | 1064248 traderjoe
traderjoe's picture

Why does a sovereign country borrow its own money from private corporations? Why is there debt at all? Why is our currency debt-money? 

That is the Original Sin of our government fraud/structure. 

Wed, 03/16/2011 - 19:48 | 1064052 TooBearish
TooBearish's picture

Congress will vote to abolish the debt ceiling....problem solved - on the other hand, why bother obeying ANY laws?  They seem to only enforce a few that they choose to and rarely go after the real perps, ala TBTF banksters...

Wed, 03/16/2011 - 19:53 | 1064072 f16hoser
f16hoser's picture

"Debt, You Can Believe In!" Thanx Barry O. I hope you have a nice Vacation in Rio with the family. Say Hi to the other Bilderburg groupies. Can't wait to see what the New World Order has in store for the rest of us.

Wed, 03/16/2011 - 19:53 | 1064073 Element
Element's picture

Can you treat it like a Sievert per hr thing?

How bad could it be?

Wed, 03/16/2011 - 19:53 | 1064074 Caviar Emptor
Caviar Emptor's picture

We also invoke the "you print, you lend" rule. 

If Japan prints the equivalent of their GDP overnight, The Fed gives its blessing provided a good chunk of it gets used to buy US Treasury debt. In the new global Ponzi  where money is untied to anything real, fair is fair. 

Wed, 03/16/2011 - 19:55 | 1064079 Jason Bourne
Jason Bourne's picture

Fuck you Tim.  Fuck you Ben.  Fuck you to those that control them.

Yes you will get your fucking debt ceiling increase...yes you will mofo's...but remember every time you do this your complete disgusting disregard for everyone but your fucking freinds is becoming more and more evident.  Every day.  Keep it up.

Keep it up.

Wed, 03/16/2011 - 19:56 | 1064089 Atomizer
Atomizer's picture

Dear Davos Group & Bilderbergs,

For many years, your institution has been sheltered. Our foot soldiers have collectively submitted their resignation. Your services have been terminated effective today. We hope your safety can be bought elsewhere. May God protect you & your families.

You'll never see this in print, unfortunately its happening.

Wed, 03/16/2011 - 19:59 | 1064093 cosmictrainwreck
cosmictrainwreck's picture

LULZ........love the way we show that to 3 decimal places, like it's precisely accurate or something ha! what about all the "off-balance-sheet" shit?

Wed, 03/16/2011 - 19:59 | 1064097 AUD
AUD's picture

Are hope bonds not subject to limit cause you only hope to get your money back?

Wed, 03/16/2011 - 20:01 | 1064100 Dr. Porkchop
Dr. Porkchop's picture

Don't worry. Turbo Tim and Lord Blankcheck are arming their suicide vests this very minute for round two of 'Mo Money or Martial Law'.

Suicide Banking is alive and well.

Wed, 03/16/2011 - 20:14 | 1064140 Alcoholic Nativ...
Alcoholic Native American's picture

We got greedy banks and wall street holding our economy hostage to get their $$, a pentagon holding our foreign policy hostage to get their $$$, and oh yea, we got this idiot Obama, I'm not sure what the hell he's doing.

Wed, 03/16/2011 - 20:27 | 1064198 Moon Pie
Moon Pie's picture

Neither does he. 

Wed, 03/16/2011 - 20:09 | 1064132 Al89
Al89's picture

I'm getting the feeling that this entire global zombie economy that has been staggering along since 2009 is about to be decisively shot in the face. Multiple times.

The EU, Japan, the U.S, China- All a massive joke. Let's move into the next phase. 

Wed, 03/16/2011 - 20:12 | 1064141 10kby2k
10kby2k's picture

Fuck...these crisis always end in war.  At least, can we have a 'green' war?, so the survivors will have the best quality of life possible.

Wed, 03/16/2011 - 20:27 | 1064194 Al89
Al89's picture

I think I'm going to head to Argentina/Bolivia/Paraguay if or when a war happens. 

And these things do happen, took a while for the post Napoleon Congress of Vienna consensu to break, but it broke in 1914 with WW1. The next consensus, formed after WW2 could be in the process of breaking. 

JProblem is this time we have nice shiny nukes. Hopefully any conflict won't see their use, just as WW2 didn't see much widespread use of chemical weapons.

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