This page has been archived and commenting is disabled.
US Treasury: Winning The Future, One Math Failure At A Time
We just ran across a newswire headline that said what we have been warning about for about a month: "US Treasury auction to take US over debt ceiling on Monday." As a result, we took a look at today's DTS update, and indeed, come Monday's full settlement of this week's auctions, the jig is up. Prior to this week's $72 billion in auctions, total debt subject to the $14.294 Tr ceiling has risen to $14.280 trillion. There is no way the Treasury can cut $42 billion in debt next Monday (pro forma for the $16 billion Bill paydown settlement). Next up: panic.
»
- 16175 reads
- Printer-friendly version
- Send to friend
- advertisements -
So what happens when they go over the limit? Who exactly, goes to jail?
Nobody? Then who the fuck cares about a limit?
Whatchya gonna do prole, "no standing".
Rut-Row!
There are two ways for you to make a contribution to reduce the debt:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Wow. Just wow.
Why trifel with mofos! bankster fraudsters in bed with corrupt government? False flag as 911 could shut down the whole financial system tomorrow. Why wait for the obvious coming upon AmeriCON'd.
Get out of every paper asset; stocks especially: US Mint gold/silver bullion coins receiving favored status with no capital gains.. We'll see many more months where gold eagles are off the charts from the US Mint if the mint can keep them in stock. Can't keep silver eagles in stock. I see states front running their own legislation to exit the FRN.
http://www.constitutionaltender.com/ Follow this web site occasionally to see what states are ratifying gold/silver legal tender laws and what states are being added to the list of 15 currently. These states don't want any more shrink-er USDinker dollars in their treasuries. You may know the measured exit out of paper fiat dollars is accelerating by ratifications and more states wanting in on gold/silver preserving a states wealth over debasing paper dollars. The game being played to stampede people away from physical gold/silver continues. Those who lose will be holding the most stocks in USDinker dollars when the financial iron curtain falls upon AmeriCON'd; gold & silver taking King & Queen position of the world financial system over fiat debt based currencies racing to zero. Who didn't know this would implode. It was designed to implode. Don't be the last to wake up to this revelation. Last one out of FRN's; USDinker dollar realated assets loses.
Perhaps Goldman Sachs will lend the U.S. Treasury a bailout and return the favor. I'm sure there will be a premium attached to it of course.
I wonder if with sufficient preparation/seasoning, whether Treasuries are edible?
Why not just retire some debt by swapping out POMO debt with the Fed, in exchange for confiscated SNAP funds, giving the Treasury paper to the 99ers to eat?
I heard a NPR story this morning stating that turbo-tim thought we had enough mony till the end of july??? What's up with that?
On a short enough timeline, the survival rate for all FED projections drops to zero right at our feet 3 months early.
I think Timmay was quoting July as thats when the ink runs out of the Bernank's HP inkjet printer, so you're right, clearly there is a disconnect
Debt ceiling soon to be burried at sea - now, move along...
Brilliant, the Emperor can just order the debt limit double tapped.
Rock on.
Just sell a carrier group or bring home the troops. We need to take care of our ownthe oil companies can take care of themselves.
http://lonerangersilver.wordpress.com/2011/04/26/imf-bombshell-age-of-am...
I guess this all depends on what the definition of "debt" "is".
Sincerely
W. Clinton
UST can start selling gold from depository at Ft Knox. That would indeed cover the debt and fulfill the wet dream to push down the gold price. For a bit :-)
Hey IdIoT! We are NOT bankrupt! The printing presses are still in perfect working order!!!!!
No worries, E.T. ex machina.
The space brothers will save us.
i used to think gold, silver, oil and so on will rise slwoly with inflation (dollor devaulation) but now the panic moves by the Central Bank Bernank, COMEX, CME, etc make me think I will go to sleep one night and will wake up to a 50% haircut of the dollar and gold will be $3,000...oil $220 (as Nomura predicts) and silver $485 (as John Williams from Shadow Stats opines).
The Ceiling is there to BE BROKEN! FULL AHEAD!
Sent this to a friend today. Not familar with the IRA vehicles the author claims are available but thought it worth passing on:
http://www.economicpolicyjournal.com/2011/05/how-us-government-will-seize-your.html
When the debt target is reached, won't goldman upgrade to conviction buy with an S&P target of 5000?
#AJoesephCohen.
Timmah is gonna be a rock star before this is thru.
he'll probably be the next president.
we're in a thomas nast cartoon,
and we can't get out.
OK? It's still only...what, a $39 over draft fee?
Some like it hot
don't know how hot 'til they fry
some like it hot
turn up the heat 'til we fry
don't be fooled by love songs and lollipops
you're living in a twilight world
don't be fooled by love songs and lollipops
don't dip into the twilight world
OMG it's so, like twentieth century.
do you like, golf or something?
it's so cute of you to stay on point.
We have 30's tomorrow. Right? When I looked @ 10's just before N.Y. opened they were down 4BPS. But then again I look @ DXY and see a topping pattern.
A range trade at best! usd/jpy can't even crack the the fibi in the 81.4-6 area. Higher lows look promising.I'll buy the dips.
If they refuse to raise the debt ceiling for a long period , the dollar index will get off like a rocket.
So, you really think the U.S. gov't is near bankruptcy? Think again! Today, composite U.S. gov't i.e. all 87,504 government units (50 state and 87,453 local) has liquid assets of approx. $100 trillion according to the comprehensive annual financial reports (CAFR).
http://video.google.com/videoplay?docid=6703413885850200097#
You really must be kidding.
Nope. Check it yourself- don't take my word for it! One of so many big secrets in the United Scams of America.
http://obamadollar.com/Ben-Bernanke-Mr-Fantasy.jpg
Of course we are near the end of the dollar currency.
And check out the link and the youtube.
Maybe Ben ought to go back to High School calculus and learn some new math.
http://www.youtube.com/watch?v=Umoo9yTETFs