• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Total Animated, Annotated US Debt

Tyler Durden's picture




 

With debt ceilings being summarily dismissed and billions and trillions of dollars being thrown around like confetti, we have become almost entirely de-sensitized to the colossal size of the numbers involved (and to be frank de minimus impact from any 'compromise'. In order to comprehend the size of the US Debt load, Demonocracy created this video visualized in physical $100 bills. And you thought a Jumbo-Jet full of cash was a lot...

 

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Thu, 12/06/2012 - 15:52 | 3040196 realtick
realtick's picture

Those guys are visual ninjas

Thu, 12/06/2012 - 15:56 | 3040210 nope-1004
nope-1004's picture

Recycling has helped save trees.  So....... this is Bullish!

 

Thu, 12/06/2012 - 16:07 | 3040269 MillionDollarBogus_
MillionDollarBogus_'s picture

Debt doesn't matter when interest rates are near zero.

That is why they will stay near zero for a very long time.

Thu, 12/06/2012 - 16:14 | 3040294 economics9698
economics9698's picture

It is all normal until it isn’t.  

Thu, 12/06/2012 - 16:32 | 3040368 Badabing
Badabing's picture

37 rows down 17 over that’s my pallet

Fuck you Ben

Thu, 12/06/2012 - 16:37 | 3040387 Landotfree
Landotfree's picture

The amount of debt in the Federal Reserve system is around $53T, worldwide system is $200T.   

So?  It's a debt based system, such being there has been no way to pay for it as the only way you can for it is to create more of it, which the system is having a hard time doing as you are getting into the Laws of large numbers.   

It's called game over, reboot, collapse, fat lady sings, etc.  

 

 

 

Thu, 12/06/2012 - 17:16 | 3040536 dcj98gst
dcj98gst's picture

Statue of Liberty is imprisoned by the mountainous bars of debt based Currency.  How symbolic.

Thu, 12/06/2012 - 17:45 | 3040619 tsx500
tsx500's picture

just for giggles, try this one at your next holiday family get-together :   ask anyone "if i gave you a $1 bill every single second of the day, 24/7 .... how long until you have $1T  ?".

(answer = 3170 YEARS) .       Then , explain the total size of our national debt , unfunded entitlements, etc etc   .....  then DUCK as the family member tries punching you in the face for ruining his/her holiday !

Thu, 12/06/2012 - 18:10 | 3040698 inkarri9
inkarri9's picture

I think you missed a zero....believe it is 31,700.

Thu, 12/06/2012 - 19:17 | 3040897 tsx500
tsx500's picture

effin-A man, you are right .... thanx ! My bad:  it sure is 31700 years  .....

in that case,  i guess you should also be covering your marble-sack too ,while you're ducking !

with my math skills i just might be very very qualified to work as a guv accountant !   how about that !

 

 

Thu, 12/06/2012 - 19:57 | 3041013 TwoShortPlanks
TwoShortPlanks's picture

I'm so fucking depressed I simply must go shopping...perhaps something in Yellow

Thu, 12/06/2012 - 20:17 | 3041067 TwoShortPlanks
TwoShortPlanks's picture

When doing the right thing is doing the wrong thing.

Max-out your CC, top up your mortgage, take as many holidays as you can, but make sure you can still stack Au+Ag (dig a hole, I mean, buy a boat). Use the system for what it's there for, leverage up. That way you get to live the lifestyle you want and you're protected after the collpase.

Leverage gets transfered and spread-out after a collapse anyway...they're gonna evict 100 million people? No, everyone will have to pay just like war reparations. Gov's will take on debt (private to public), you'll stay in your homes, and it's print-city.

You can't beat them at this game, you can only join them...so fuck-it, join them, but hedge along the way.

Enjoy the debt, enjoy the collpase, and really enjoy the recovery.

And sleep well knowing stackers represent less than 1/10th or 1% of the general public...and that's all that counts

Thu, 12/06/2012 - 21:28 | 3041281 unrulian
unrulian's picture

there's enough yellow in usa...try something in mossy oak

Thu, 12/06/2012 - 18:27 | 3040755 BTFDemocracy
BTFDemocracy's picture

I did just that on Thanksgiving... to everyone there.

Thu, 12/06/2012 - 20:27 | 3041109 Jugdish
Jugdish's picture

I just love crop dusting ppl in stores. I shit myself and walk away and listen to the fallout an aisle over. Shopping can be fun. It's what you make of it, right?

Thu, 12/06/2012 - 18:23 | 3040738 EscapeKey
EscapeKey's picture

That's even assuming it's there, and not rehypothecated endlessly around the globe.

Thu, 12/06/2012 - 20:38 | 3041141 newworldorder
newworldorder's picture

I am in agreement with  you - however; Whether it is 16T or 53T does not matter, as there have been no consequences by "we the governed" or by international markets. As such its only a number that seems to have little negative rellevance to the average person on the street. The number might as well be 100T or higher vs. whatever the current or future number is.

Thu, 12/06/2012 - 17:08 | 3040513 Pool Shark
Pool Shark's picture

 

 

The most shocking part is that not only is our debt no longer backed by gold; it's no longer even backed by paper...

If you confiscated every single US federal reserve note and US minted coin from all over the world, you'd only have a little over $1 trillion; enough to pay off only about 8% of our "official" $16.4 trillion national debt. We don't even have enough paper to pay our debts!

Amazing... 

Thu, 12/06/2012 - 17:57 | 3040654 thecoloredsky
thecoloredsky's picture

I've come full circle. At first I didn't care as a stupid piece of sheep. Then I cared and realized how insane everything is. Then I didn't care anymore because all I see are stacks of paper in that video. I think I'm completely desensitized. Anyone else feel like that?

Thu, 12/06/2012 - 18:35 | 3040780 dogbreath
dogbreath's picture

dare to not care!

 

 

 

Thu, 12/06/2012 - 20:19 | 3041077 new game
new game's picture

dare to care...

Thu, 12/06/2012 - 22:15 | 3041399 fockewulf190
fockewulf190's picture

Those stacks of paper are going to vanish in no time once the Treasury starts printing One Trillion Dollar notes in true and tested Zimbabwian style.

 

http://www.methodshop.com/picts/trillion/trillion-bill.jpg

Fri, 12/07/2012 - 02:55 | 3041825 cranky-old-geezer
cranky-old-geezer's picture

 

 

Rich asian foreigners don't give a flyin' fuck about all that fucking financial paper, they're after real physical land you can fuckin' walk on ...and fuck on I suppose.

The paper debt world is a fantasy.  A game, like monopoly.  Banks create "dollars" out of thin air, just numbers on a ledger, the first fantasy.  They loan those fantasy "dollars" to people to buy real stuff.  The debt paper becomes a fantasy, a joke, when the "dollars" aren't paid back, and remains on bank books at full original value, also a fantasy, a joke, a game.  Then it's pledged multiple times over for other paper "assets", a double fantasy, joke, game.

I don't know the actual numbers, but I would speculate there's a thousand dollars of fantasy financial paper for every dollar of real stuff booked as collateral.  That's a huge fucking fantasy.  

The whole fucking financial system is a huge fucking fantasy now, a huge fucking joke, a huge fucking game.  Hundreds of trillions of fantasy "dollars" of fucking fantasy financial paper tied to frightfully little real stuff by comparison. 

All those fucking bankers acting like all their fucking fantasy financial paper is legit.  That's pure fucking madness, insanity.

Nope, those rich asian folks don't give a flyin' fuck about all that fucking paper bullshit, they're after real physical stuff they can fuckin' see, touch, put in their fuckin' pocket, walk the fuck on, what the fuck ever.

Those fucking bankers and all their fucking fantasy bullshit financial paper can go take flying fucking leap.

Thu, 12/06/2012 - 18:00 | 3040666 James-Morrison
James-Morrison's picture

You'll know we are in REAL trouble when those paper bills in the video are replaced by equally huge mountains of Compact Disks?

Maybe by Bronco's third term?

Thu, 12/06/2012 - 19:18 | 3040898 Spinelli
Spinelli's picture

Or a giant ass USB drive ..HAha

Thu, 12/06/2012 - 20:51 | 3041183 BidnessMan
BidnessMan's picture

Nah - will just be on some server somewhere out in "the cloud". No one will ever see it, or ever be in physical touch with it ever again. Then cue up the South Park banker "and it's gone".

"Sorry - this line is for customers who actually have money in this bank. Please step aside."

Here is your EBT card.....

Thu, 12/06/2012 - 18:25 | 3040746 EscapeKey
EscapeKey's picture

Oh I don't know - is there really anything magical about a coloured piece of paper with arbitrary writing and denomination?

Thu, 12/06/2012 - 21:04 | 3041230 HappyCamper
HappyCamper's picture

This video is much more scary than Tyler's because the problem is actually much, much worse.  If the first one gave you indigestion, this one will make you crap a brick.

http://www.youtube.com/watch?v=WFP-2_iDYMU

Thu, 12/06/2012 - 18:12 | 3040696 stockscooter
stockscooter's picture

That's sure want you to believe it's normal, but that's about to change.  The big scam is with Treasury Inflation Protected Securities, along with other treasuries of course.  Here's a chart that shows how over valued they've become since 2008 http://stockscooter.wordpress.com/2012/12/06/the-diagonal-triangle-from-...

These are only supposed to rise with CPI.  The chart shows how overvalued they are.  The sheeple think they are making safe returns and that all this appreciation is guaranteed CPI Adjustment from the government.  Can't you imagine all the bond traders selling this crap to unsuspecting people, because they can't sell real bonds.  They are telling people that the bonds are guaranteed and so are the returns.  There's plenty of those types out there that are unscrupulous in their dealings.  This post may just be words to those that need to hear the truth.

Thu, 12/06/2012 - 18:27 | 3040752 EscapeKey
EscapeKey's picture

How overvalued?

The entire bond market is massively overvalued. That's all that happened in 2008 - the bubble dislocated from the housing market to sovereign bond markets.

It's also what should scare the living shit out of everyone, because once that pops, what's left to blow up?

Thu, 12/06/2012 - 20:35 | 3041134 tsx500
tsx500's picture

exactly...NOTHING !    >>>> RESET TIME !       ( and/or WAR).   

Merry Christmas !!

Thu, 12/06/2012 - 21:26 | 3041276 Shizzmoney
Shizzmoney's picture

banks

Thu, 12/06/2012 - 16:24 | 3040329 Storm Bringer
Storm Bringer's picture

Sure it doesnt matter, until inflation, real inflation - is really understood by the voters; or until the intention crashing of the dollar to help exports turns the currency war into a fighting war, or until the velocity of money picks up speed - at the request of the those in congress; inflating another bubble.... or until....

 

 

Thu, 12/06/2012 - 16:43 | 3040424 MiguelitoRaton
MiguelitoRaton's picture

Yep, they'll stay near zero...like in Europe

Thu, 12/06/2012 - 16:57 | 3040473 zerozulu
zerozulu's picture

This zero% is for 1%ers. not for me not for you.

Thu, 12/06/2012 - 17:25 | 3040564 imbrbing
imbrbing's picture

When the interest rates rise, not sure how they ever will. OMG! its over. If they don't rise we burn slowly until OMG!

Thu, 12/06/2012 - 19:02 | 3040852 SilverDOG
SilverDOG's picture

MillionDollarBogus_,

 

 

As long as the bank loaning, continues to buy 90%+ thereof.

Game over. 

"We the People" have lost.


Thu, 12/06/2012 - 20:24 | 3041099 monopoly
monopoly's picture

Of course it matters. It may not matter to you and I tonight, but it does matter. And when our trading partners finally have had enough of our absurd spending, when they reduce purchases in volume of our electronic T bills, interest rates will endure a rapid rise and it will be the 4th coming of the black knight. Game, Set, Match.

Debt does not matter. Cannot believe you are on this board and said that. 

Thu, 12/06/2012 - 22:06 | 3041382 fockewulf190
fockewulf190's picture

"Debt doesn't matter...."

Until it does.

Thu, 12/06/2012 - 17:43 | 3040607 BoNeSxxx
BoNeSxxx's picture

This is why the LTP is for digital money -- and I use the term 'money' with great purpose...

The ultimate plan is to move us into 'credits' -- again all digital and even more fiat than, well, fiat.  Demonocracy won't be able to vizualize credits (cartoon or otherwise) because there was never a physical credit instrument such as a $100 bill.

Very clever these World Bank/UN/BIS asshats are... very clever indeed. 

Thu, 12/06/2012 - 15:59 | 3040222 exi1ed0ne
exi1ed0ne's picture

Agreed - that is one powerful video.

Thu, 12/06/2012 - 16:47 | 3040433 dick cheneys ghost
dick cheneys ghost's picture

Academy Award Winning

Thu, 12/06/2012 - 17:39 | 3040597 BLOTTO
BLOTTO's picture

Speechless

.

Thats why no audio/words neccessary.

Thu, 12/06/2012 - 16:01 | 3040233 FrankDrakman
FrankDrakman's picture

When you contemplate how truly sad this is, it brings tears to your eyes.

Thu, 12/06/2012 - 16:15 | 3040301 fonzannoon
fonzannoon's picture

Nice read today brought to us by the guy who got eaten alive by Schiff.

http://www.businessinsider.com/alan-simpson-is-wrong-about-debt-2012-12

Thu, 12/06/2012 - 16:41 | 3040412 in-Credible Banker
in-Credible Banker's picture

So - under this retard''s theory....why have any taxes at all????  I mean - why even bother taxing?  While we are at it....double spending!  WTF....who cares?  Right??

Thu, 12/06/2012 - 17:40 | 3040606 Winston Churchill
Winston Churchill's picture

Is this guy Schiff related to Krugman ,or is he just one of his bum boys ?

Thu, 12/06/2012 - 17:42 | 3040611 koncaswatch
koncaswatch's picture

The guy is a Chief Economist...

Thu, 12/06/2012 - 20:39 | 3041145 Dave Thomas
Dave Thomas's picture

Holy shit Mike Norman!

He like writes from an alternate dimension.

 

Thu, 12/06/2012 - 21:02 | 3041223 klockwerks
klockwerks's picture

So if we are to believe the article, we can forget all of our concerns and, sell our pm's and no longer worry about this whole thing crashing. Whew, I feel a lot better now. Guess I'll go back to TV and not check with ZH anymore, NOT

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