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

Tyler Durden's picture


And from the relentless shock and awe happening abroad every single day, we briefly turn our attention to the total financial chaos domestically. Following the settlement of $67.6 billion in debt from last week's auctions, the Treasury managed to raise its dangerously low cash to a level that will give Tim Geithner pocket change for another week, or $99.5 billion. Alas, the cash buffer came at a price: total debt increased from $14.166 trillion to $14.238 trillion. As a reminder, the debt ceiling is $14.294 trillion, so on a pure basis there is a $56 billion buffer or less than one's week's worth of auctions. However since the debt actually subject to the limit is $52 billion less, there still is $109 billion in constitutional capacity. Add to that the $45 billion in SFP run offs over the next two week and Treasury has $150 billion or so in spending money left. As the deficit in the month of March is expected by Zero Hedge to be around $90 billion due to the deferred tax refund payments, we believe the money will last the US a month and a half, although once again depending on the daily burn rate, it may come much sooner as there is no book debt settlement until the week after next.


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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!

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!

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


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



Tis but a scratch.



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 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 ;-)

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?

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.


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.

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 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.

Wed, 03/16/2011 - 20:53 | 1064324 JP McManus
JP McManus's picture

I plan on squatting on Bush's Paraguayan ranch.

Wed, 03/16/2011 - 20:58 | 1064340 10kby2k
10kby2k's picture

I'm hiding in the chasm in BB's brain.

Wed, 03/16/2011 - 20:14 | 1064144 texas goldfinger
texas goldfinger's picture

Won't there be a big infusion of cash on April 15 to help buy some additional time?

Wed, 03/16/2011 - 22:42 | 1064967 I Am The Unknow...
I Am The Unknown Comic's picture

I can't think of a better year for filing an extension, which I am doing.

Wed, 03/16/2011 - 20:14 | 1064155 johny2
johny2's picture

The really important thing right now is that in Japan a little group of people is trying to keep the water up to the level, some already dying while doing it, other injured or recieving radiation. And millions of people in Japan are in danger of seing their country become radioactive wasteland. While there is already hundreds of thousands roughing it up in tents and shelters. There is so many that have perished in this disaster and are not even accounted for, may they Rest In Peace. 

Sorry I know this is about debt, but I really think these people should be given all support possible right now.



Wed, 03/16/2011 - 20:29 | 1064199 eddiebe
eddiebe's picture

Short the Nikkei. Long live capitalism.

Wed, 03/16/2011 - 20:34 | 1064226 johny2
johny2's picture

Sure, bet all you have. 

Wed, 03/16/2011 - 20:36 | 1064240 johny2
johny2's picture

Sure, bet all you have. 

Wed, 03/16/2011 - 20:38 | 1064244 OuaisBla
OuaisBla's picture

LOL I was thinking the same thing.

Wed, 03/16/2011 - 20:41 | 1064260 OuaisBla
OuaisBla's picture

LOL I was thinking the same thing.

Wed, 03/16/2011 - 20:15 | 1064156 max2205
max2205's picture

Let's where is that bazooka speech?

Wed, 03/16/2011 - 20:16 | 1064157 dark pools of soros
Wed, 03/16/2011 - 20:18 | 1064158 bob_dabolina
bob_dabolina's picture

Thank god we got a green print on the /es

For a second I thought we had a nuclear explosion (or 4) or something.

Wed, 03/16/2011 - 20:17 | 1064162 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Debt only matters if you plan on paying it back.

The USA gubbermint clearly does not. It's not even mathematically possible. It's no coincidence that the US spends more on military than anything else.

If you lent $100 to your neighbor and upon trying collect it you were greeted with a gun in the face, what'ya gonna do?

Until the USA's miltary is broken (either from the inside or an external force), the debt don't matter.

Wed, 03/16/2011 - 20:25 | 1064170 Alcoholic Nativ...
Alcoholic Native American's picture

Not only do deficits not matter any more, neither do tax revenues.

***Evil Dick Cheney smile***  

Except of course if it's domestic spending, infrastructure upgrades, or social safty net spending. Then it matters a lot.


***Evil Dick Cheney frown***

Wed, 03/16/2011 - 20:33 | 1064221 Moon Pie
Moon Pie's picture

Neither do Mortgage Juice payments! Yippee!

Wed, 03/16/2011 - 20:22 | 1064173 dark pools of soros
dark pools of soros's picture

once backed by gold.. then oil..  now bombs...


what is the ...?

Wed, 03/16/2011 - 20:19 | 1064164 Misean
Misean's picture

So what stabilized the friggin' forex markets?

Wed, 03/16/2011 - 20:19 | 1064168 gordengeko
gordengeko's picture


Actually heard this on the radio today, no bs.  I about fell out, a major metropolitan city on a wed mid-morning and I hear ALEX JONES on the radio (FM corporate run station) advertising the end of america right after lady gaga born this way and kesha blow (both mind control propaganda puppets btw)?!  Time to start snorting sum idodine and play bill bixby with my neighbors geiger counter!

Wed, 03/16/2011 - 20:27 | 1064197 Hulk
Hulk's picture

Stansberry is a douche...have dealt with him mano y mano...

Wed, 03/16/2011 - 20:34 | 1064231 gordengeko
gordengeko's picture

Don't know him but he brings up valid arguements.  Just the fact I heard Jones on a FM commercial talking about shocked me.  I've always wondered who helps fund the fear mongering. hmmm 

Wed, 03/16/2011 - 20:36 | 1064241 gordengeko
gordengeko's picture

Don't know him but he brings up valid arguements.  Just the fact I heard Jones on a FM commercial talking about shocked me.  I've always wondered who helps fund the fear mongering. hmmm 

Wed, 03/16/2011 - 20:22 | 1064172 Bansters-in-my-...
Bansters-in-my- feces's picture

Debt = credit
Credit = good.....Benny told me so.
All is well.right.?

Wed, 03/16/2011 - 20:23 | 1064180 ipud
Wed, 03/16/2011 - 20:27 | 1064186 bob_dabolina
bob_dabolina's picture

Rumors that BOJ intervention now @ the equivalent of 1 trillion U.S dollars

Can anyone confirm this?

Wed, 03/16/2011 - 20:29 | 1064200 Misean
Misean's picture

Well, that would answer my question. Who's rumor?

Wed, 03/16/2011 - 20:25 | 1064188 Miami
Miami's picture

What more does it take gold and silver to move up?

Wed, 03/16/2011 - 20:33 | 1064215 eddiebe
eddiebe's picture

When the bankstas have all your gold.

Wed, 03/16/2011 - 20:37 | 1064233 eddiebe
eddiebe's picture

When the bankstas have all your gold.

Wed, 03/16/2011 - 20:38 | 1064250 eddiebe
eddiebe's picture

When the bankstas have all your gold.

Wed, 03/16/2011 - 20:25 | 1064189 dootyfree
dootyfree's picture

When will you fear mongerers learn, bond sales don't fund anything.  We are no longer on the gold standard.  The debt ceiling is a arbitrary number used by politicians.

Wed, 03/16/2011 - 20:36 | 1064232 Alcoholic Nativ...
Alcoholic Native American's picture

It's been this way for a while.  like defense spending it's all a matter of national security at this point.  The country fucked up by not going after the profiteers, we are in "wartime" and all.  But at this point trickle down has instigated unpresidented build ups in individual and corporate wealth and they are now turning this country into a corporate fiefdom, wall street extracting wealth for a global investor class every day all day.

America for the non rich is highways, gas stations, fast food, super walmarts, and home depots coast to coast, with pockets of underwater houses and rental property a lord might let you squat on until you stop paying your taxes. CORPORATE FIEFDOM.

Wed, 03/16/2011 - 20:39 | 1064237 Alcoholic Nativ...
Alcoholic Native American's picture

double post, shitty internet connection.

Wed, 03/16/2011 - 20:29 | 1064205 Horatio Beanblower
Horatio Beanblower's picture

CNBS reporting that the winds in the vicinity of Fukushima have changed direction.  They didn't say which way the winds are now blowing.  Teasing bastards.

Wed, 03/16/2011 - 20:32 | 1064211 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey,...Doesn't USA Gov have all that Gold( cough, cough ) in the Fort  that it can spend....

Ha ahhhaaa hahaaaaaa....too funny.

Wed, 03/16/2011 - 20:40 | 1064261 Alcoholic Nativ...
Alcoholic Native American's picture

Fort Knox is no more.  They relocated to Fort Benning Georgia.

Wed, 03/16/2011 - 20:34 | 1064220 RobotTrader
RobotTrader's picture

Seems like every time there is a forced liquidation or deleveraging, PM's are the first items sold.

However, stalwart consumer stocks like WFMI, LULU, CMG, etc. are immune from such senseless selling.

Why is that?

Because you cannot "eat" gold, and the thugs will confiscate or tax it in the event of a financial meltdown.

However, everyone knows that it is virtually impossible to get the consumers to stop spending, no matter how dire the situation is.

Must be very frustrating for the gold bugs.

Wed, 03/16/2011 - 20:55 | 1064327 Hulk
Hulk's picture

Its been very, very frustrating Robo, ever since $500 and $15...LOL!

Wed, 03/16/2011 - 21:13 | 1064451 DavidPierre
DavidPierre's picture

Just floors me, and actually the word is much uglier than just "floors" me...absolutely pisses me off,

But anyway... how ANYone not blind, with any knowledge of how markets should normally and do normally...

(when was the last time I ask myself)...

 trade, and with any integrity?

 How can you LOOK at the gold/silver trading on COMEX and NOT see flat out blatant computerized trading?

JPM simply smacking down ANY kind of rise at ANY time it wants.


Even Chilton says in his emails that it's not illegal for them to put in a big short and then cover it.


They're not "putting in"'s all computer programmed trading.

Watch those things...wham wham wham wham wham!!! seconds $6-7 off gold price...15-20 cents off silver!!!!

 Markets don't act like that!!!...esp commodities markets...w/o some MAJOR news that EVERYone involved would know about. Disgusting!!!

So unbelievably blatant!!!!! What the hell are they ever watching?? Do they even bother??

And now gold and silver, once up >$10 and >$.50 are on the verge of going red on the day!!!...with NOTHING that should be doing it...only b/c JPM has been given the right to do whatever the fuck it wants to do.

How does the CFTC show its faces in public?? What the hell do they get paid to do??

This is a evil comedy...this is not a market. 

 HOW many "brilliant" technicians try to explain it's all just the TA and market forces and this and that support and resistance and Fibonacci level or WHATEVER...doesn't matter...when they want to blow thru them, creating new lines, they do it.

No one or nothing to stop them on paper / electronically.

Only the physical market stands between them, and complete destruction of the commodites markets (prices), anytime they'd choose.

Probably the equities markets as well. They can short those thing naked...then flay the skin off the companies...and our other toothless tiger...well-fed(paid) fat and sassy...the SEC will NEVER do anything about it.

It's time for them to be either taken down by the CFTC or the CFTC to be outed as a criminal organization that has aided and abetted illegal market action.

Same with the SEC. Public trials and humiliation. Hangings would be in order.
Ok...end of rant...temporarily... so fucking open and disgusting!

via LeMet

Wed, 03/16/2011 - 22:04 | 1064739 Xkwisetly Paneful
Xkwisetly Paneful's picture

Oh life isn't fair and neither is the market, what a revelation!

Need more unaccountable beaurocrats and alphabet agencies,

that should do the trick.


Need to get back to 100% reserves and just let capital sit on a shelf somewhere, isn't that the wannabee intellectual solution? That wouldn't inhibit access to capital for the peasants at all.


If not just tax the rich and when that money is gone in two months wait on trickle up ecomics to work like most of broke as hell Europe is doing.


BTW did I miss something or did shit hit fan and herd trample into US treasuries again? World going to be paying the nation $14trillion in the hole with no end in sight to hold their money yet again?  Doesn't that say it all about the financial stability of rest of the globe or am I missing something?

Wed, 03/16/2011 - 20:34 | 1064228 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey,...Doesn't USA Gov have all that Gold( cough, cough ) in the Fort  that it can spend....

Ha ahhhaaa hahaaaaaa....too funny.

Wed, 03/16/2011 - 20:48 | 1064293 Ahmeexnal
Ahmeexnal's picture

And while gas is about to hit $5 USD per gallon, there are still places on earth where its still selling at -hold on to your panties- 12 CENTS A GALLON!

Only in Vuvuzela land!

Wed, 03/16/2011 - 20:53 | 1064312 iwokeup
iwokeup's picture

We just need Captain Larry T. Bridgewater.

Wed, 03/16/2011 - 20:58 | 1064342 Moon Pie
Moon Pie's picture

Here comes TBTF Round 3 Per Reuters:

"Democratic Senator Jack Reed said the banks are facing a massive legal threat unless a comprehensive deal is reached. He cited the potential for numerous suits from state AGs, repurchase demands from bondholders who invested in billions of dollars in mortgage-backed securities, and lawsuits from individual homeowners."

No poop Sherlock!  Massive is the right word and if the Goobermint denies investors and homeowners their legal due process, it's going to be an even more massive problem.  I've never seen Geithner squirm like he has been recently over this issue.  Read his ridiculous and almost shrill comments here:


Wed, 03/16/2011 - 21:14 | 1064443 tony bonn
tony bonn's picture

anyone worrying about a "constitutional" debt limit has spent too much time at reactor 4.....not only is the constitution nothing but a "goddamned piece of paper" as george bush declared but a nation harboring an indonesian citizen as its president isn't going to give two flying fucks about how much debt this country has....

congress will dutifully increase the debt limit when ordered to do so....the same ink feeding the fed's printing press will more than sufficiently supply the rubber stamp of approval for more debt to solve our debt problems....


Wed, 03/16/2011 - 21:17 | 1064463 web bot
web bot's picture

I remember a time when a $150 Billion annual deficit was thought as significant...

I just now shake my head.


Tyler, how about some thoughts regarding what the impact will be when the US loses its AAA rating... what should we expect in practical terms?

Wed, 03/16/2011 - 21:51 | 1064673 LongSoupLine
LongSoupLine's picture

I seem to recall Tyler saying some time back that the Treasury would inject $25B every Thurs from SFP until only $5B remains.

Is tomorrow one of these $25B SFP "injections"?

Wed, 03/16/2011 - 21:53 | 1064687 jlew24asu
jlew24asu's picture

as far as I understand, only congress can raise the debt limit?  lets assume they do.  but what happens if they didn't...what happens to bonds?  the dollar?

Wed, 03/16/2011 - 22:28 | 1064898 jefe95
jefe95's picture

I filed my income tax return tonight.  Got a refund coming.


So the burn rate will be speeding up as soon as that crosses Timmah's desk.

Wed, 03/16/2011 - 23:10 | 1065115 JR
JR's picture

On the road to serfdom, er, recovery...

Safety Net For Jobless Rolls Up After 99 Weeks | Chris Martenson’s Daily Digest 3/16

Nationally, the ranks of those out of work 99 weeks or longer have swollen to nearly 1.8 million from 935,000 a year ago and 271,000 in 2008, according to the U.S. Department of Labor. As a portion of the total unemployed population, those unemployed 99 weeks or longer have grown from about 3 percent before the economic downturn to 12.2 percent during February.

The previous annual high was 5.6 percent in 1984, indicating that the recent recession created an unprecedented group of chronically unemployed.


Thu, 03/17/2011 - 08:40 | 1066019 WallStreetClass...'s picture

These "financial services groups" a.k.a. fraudsters have financed the repeal of the regulations safeguarding public and taxpayers. They said they were going to "supervise themselves" and then melted down the economy, collected bonuses and now are hard at obstructing justice. Our very government is complicit, it is evident in the way SEC and Justice Department are p us sy-footing around the fat cats. The very fabric of our governance has been destroyed and more, bigger financial disasters await in the wings, unless we see to it that the justice is served.  "I hope we shall crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country." - Thomas Jefferson once said. How fitting, how prophetic! How alarming that we failed to accomplish that! At we organize a class action against the banks, the ratings agencies and other financial institutions involved in staging the colossal securitization fraud and subsequently crashing the economy and resulting in over $5 Trillion in asset losses in the US alone. We realize that our own government is effectively a captured entity, so no criminal indictments will be forthcoming. But WE THE PEOPLE will hold the fraudsters accountable. United we stand.

Tue, 03/22/2011 - 05:30 | 1085175 pokrd
pokrd's picture

Dont worry theres more where that came from

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