DB is the proverbial “canary in the coalmine” for Europe. Perched atop one of the largest derivatives books in Europe, DB has ties to most major financial institutions in the region.
Diving into some of most burning questions on gold, USD, the yen, China, and more
One of those occasions when one picture really does speak a thousands words.
Houston, we may have a spending problem.
free fall or escape velocity?
No, FREE STUFF for all.
The deficit is the difference between what we want and what we are actually willing and able to pay for. Since, 1969 we have wanted more stuff than what we were willing to pay for. We balanced the budgets only by complete accident during the tech bubble burst of wealth and tax revenues. It did not outstip the ability and willingness to spend.
it will in all actuality be a lot less than the above $62B when it is loopholed, written off and offshored. happy new year.
Yes, it could even result in less money brought in through tax revenue. But hey, appearances are all that matter at this point...anything to create doubt that the world economy is one giant debt ponzi.
and the checks for free....
I have no sympathy for the rich.
Take all their money.
Perhaps I'm a filthy communist.
I just can't help myself.
It's not a problem if you are a recipient of the spending...
It is especially not a problem if you are the one able to make the money out of nothing to spend, as long as you can continue to force everyone else to go along with that fraud.
It's not money. As soon as people realize it's just worthless paper, the emperor will appear naked.
Yes, auric1234, you are correct, "It's not money." Gradually the meaning of the word "money" became inverted and perverted. The word "money" originally referred to metal coins. In particular, the dollar, as money, MEANT an amout of minted silver.
Gradually, the international banksters bribed American politicians to change the meaning of the word "money," to become the opposite of what it used to mean. In 1874, a legislative trick demonetized silver, and thus, the destruction of the meaning of the word "money" began, which then picked up speed, as "money" became credits, or money-as-debt, rather than "money" with intrinsic value, backed by silver and gold. It is astonishing to recognize that, under the current system, if there was NO debt, then there would be NO money! That is how out of control insane the American system has become, whereby the very meaning of words was reversed!
But nevertheless, there IS something more than worthless paper. There is the full force of the American police and armed forced, to back up the legalized fraud that we now call the "money" system. The Emperor may be naked, but nevertheless, is very well armed with weapons of mass destruction!
Fuck the recipients.
Fucking rapists. At gunpoint, no less.
Some say meat is murder. Progressive taxation is torture, and an insult to the recipients. Fucking losers. Think they're "Winning".
Income tax is slavery.
Shit, I could make the argument that fiat currency is slavery.
How dumb are the American ppl?
Look in the mirror, Europe. You'll get your answer.
why stop at Europe... the debt bomb is a global issue (by design).... and countries that won't go for debt master's fiat hell, get the real bombs.
Yea, but it's always great to see a self-absorbed European believe it's an 'Amerikkkan' issue.
Glass houses, dude.
Off to the Never Ending Summer Reeducation Camp for him.
We'll be coming up to the 5th Summer of Recovery in a few months!
It's not that they're dumb; just blind and greedy.
It is difficult to get a man to see something when his paycheck is dependent on him not seeing it.
Even most alcoholics know they have a drinking problem; but they still can't stop drinking...
I would not even say they're blind and greedy. I would rather suggest that they have been matrixed.
"How dumb are the American ppl?"
fixed for you
How dumb are humans on this floating rock?
They can eliminate the whole budget deficit and all of government, and the financial system will still collapse, matter of fact I would expect it to collape overnight.
The Architect - The matrix is older than you know. I prefer counting from the emergence of one integral anomaly to the emergence of the next, in which case this is the sixth version. *Again, the responses of the other Ones appear on the monitors: "Five versions? Three? I've been lied too. This is bull****."* Neo: There are only two possible explanations: either no one told me, or no one knows. The Architect - Precisely. As you are undoubtedly gathering, the anomaly's systemic, creating fluctuations in even the most simplistic equations.
Whoever coined the term "sheeple" long ago was onto something.
Just as dumb as us Europeans. We believe the crisis in the Eurozone is over because Oli Rehn says so.
How dumb are ppl?
"Shell and its contractors are no match for Alaska's weather and sea conditions either during drilling operations or during transit."
The grounding of the Kulluk, a conical, Arctic-class drill ship weighing nearly 28,000 gross tonnes, is a blow to Shell's $4.5bn (£2.8bn) offshore programme in Alaska. Its plan to convert the area into a major new oil frontier has alarmed environmentalists and many Alaska Natives, but excited industry supporters.
I don't care much, as long as they always represent the largest army on earth and have an overwhelming edge in firepower, such that in the end, they will always be in charge.
There is truth in your statement.
The Empire is subsidized by the rest of the world.
by such methods as:
1) exchange of goods for fiat "Confederate" IOUs.
2) petrodollar financial extortion racket
3) investments in bankster (Goldman Sachs et al) "securities"
4) resource plunder by corruption (IMF and dependent despots) and outright theft (Libyan oil and gold).
and just as true is that this MO becomes an empire's own undoing as it must feed more and more resource into a less and less effective military as the rest of the world starts to get a clue and resist. Then, the empire starts to run out of resources at an exponential rate. It then turns on its own citizens. We're somewhere near the last chapter.
Coming to a neighborhood near you
The largest army on Earth is able to OVER-kill everybody thousands of times, instead of only hundreds, or dozens of times, like the lesser armies could. The largest pyramid scheme is backed up by the firepower threat to commit global suicide as the "alternative." WE WILL NOT CARE, UNTIL WE CAN NOT CARE, AND SO, THERE IS NO NEED TO WORRY.
the largest army on earth is the armed populous of these several states.
"How dumb are the American ppl"
Extremely, look who the sheeple elected.
Referring to the Tea Pary creationist fools no doubt....
No, I believe he's referring to the maggots who re-elected him.
You tool. Not all Tea Party members are creationists. On the contrary, they believe in real science including Darwin's laws. Its the so called progressives who are the true creationists with there selfserving created scientific outcomes and their money created out of thin air. Additionally, you have created a giant headache for me. Fuck off.
considering Darwin's theory has yet to be proven, and now in the present with the lack of evidence for anything even remotely resembling the 'missing link', i'd say belief in this 'real science' is somewhat unfounded.
As opposed to atheists who might believe in central planning and collectivism?
"How dumb are the American ppl?"
Well, let's see...they use 25% of the oil each year while being broke as Greece, have more weapons than all other countries combined, have countries around the world suckered into holding their bonds, and all while maintaining a massive trade deficit for decades.
Who's dumb again?
Senate clearly saying "Get back to work Bernank!"
PRNT MOAR MUNY!!!
They reelected Obozo.
We are witnessing the end of a once great country. Where are the patriots? Who will stop this madness?
Endtimes revelation #983753995303535321 on Zerohedge this year.
And that chart is totally taken out of context. $62 billion this year, $62 billion next year and pretty soon you're talking about a lot of money.
Interest rates move up 1% and you pay another $160,000,000,000 in interest per year, pretty soon you are talking real money lol
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