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There Goes The Sequester

Tyler Durden's picture


Today is the day when, if one listens to Obama whose idea it was in the first place, an unprecedented $85 billion spending cuts will be sequestered, unleashing famine, pestilence, the apocalypse and grizzly bears (as all park rangers will be dead from starvation). Which is why we applaud the administration's desire to preempt this tragic for the nation outcome, by issuing, in one day alone: February 28, $80 billion in Treasurys sending debt to (obviously) what is a new all time high $16,687,289,180,215.37.

In other words, the entire apocalyptic impact of the sequester for 2013 was offset by one day's debt issuance.

Oh, and we didn't label this post Friday humor because it rightfully falls under the Friday grotesque, surreal tragedy category.

From Debt To The Penny:


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Fri, 03/01/2013 - 16:38 | 3291487 realtick
realtick's picture

sweet sixteen

Fri, 03/01/2013 - 16:47 | 3291526 johnQpublic
johnQpublic's picture

no get her drunk and take advantage of her

Fri, 03/01/2013 - 16:52 | 3291543 TruthInSunshine
TruthInSunshine's picture

Click HERE to view the clock in real time.

Fri, 03/01/2013 - 16:54 | 3291551 Spider
Spider's picture

The US Debt can not be killed by ordinary means, it must thrown into the fires of Mt. Doom...

Fri, 03/01/2013 - 16:57 | 3291564 TruthInSunshine
TruthInSunshine's picture

Kick that can, bitchez.



"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Senator Barack Obama (D-IL)

Speech Given on U.S. Senate Floor Objecting To Raising Debt Ceiling Limit

March 16, 2006

Official National Debt at that time: 8 trillion USD (Official National Debt Now? Check the clock above; it's inceasing way too quickly to make any number I post relevant for more than a few minutes from now.)


Fri, 03/01/2013 - 16:58 | 3291574 redpill
redpill's picture

Thieves and traitors.

Fri, 03/01/2013 - 17:00 | 3291581 flacon
flacon's picture

OBAMA: "Yeah I am the ONE. King of the world and the Devil's son! Run, baby, run baby run away!"


Fri, 03/01/2013 - 17:18 | 3291653 McMolotov
McMolotov's picture

Obligatory "King Kong ain't got shit on me" clip:


Fri, 03/01/2013 - 17:35 | 3291728 Dr. Richard Head
Dr. Richard Head's picture

Here is an interesting response from a liberal defending Obama after I presented her/him/it with the facts of this posting -

“Wow. That sounds bad. Well, unless you actually know something about how borrowing works in government. For instance, if you know that the Treasury only borrows what it needs to borrow BY LAW to meet it's spending obligations, it takes on a different perspective. If yu also know that all spending bills have to BY LAW originate in the House of Representatives, it looks even different.

In other words, if you look at the whole horse you see that the Treasury is only meeting the legal obligations set for it by Congress. Neither the Treasury, nor the President, can spend a penny not budgeted.

But, if you stick your head up the backside of the horse, all you see is what comes out the end and you misrepresent the bigger picture.”

Fri, 03/01/2013 - 17:41 | 3291742 McMolotov
McMolotov's picture

Liberals would somehow manage to defend Obama if he raped their grandma and then shot her in the head on live television.

I've given up trying to reach liberals. Republicans/conservatives are a whole other kind of retarded, but they are at least ten times more likely IMO to look at reality and adjust their belief system accordingly. Liberals will stubbornly cling to their ideology even as its idiocy slaps them repeatedly in the face.

Fri, 03/01/2013 - 19:09 | 3291950 prains
prains's picture



you lost me at republican


there is no "other" in your world, they are but two of the same so I would strongly disagree with your assertion that somehow given the chance McRomney would be doing something

in the "palpably different" category. you've got to be fucking kidding. And hence forth you will forever be unable to adjust your gaze beyond blaming the paid stooge and 

look to who are your real masters. That is the real american condition.


hint: first letter is "O" and the last letter is NOT "a", he too is a paid stooge

Fri, 03/01/2013 - 19:21 | 3292014 McMolotov
McMolotov's picture

I'm not talking about the politicians; I'm talking about the people who vote for them. Would Romney do anything "palpably different" from Obama? Of course not, and I never suggested as much. The politicians quite obviously play for the same team and answer to the same owners. The people who "elect" them, however, buy into the artificial differences for whatever reason, and it's been my experience that those who identify as Republican are more likely to change their mind when presented with evidence which contradicts their worldview.

Feel free to disagree; I'm only reporting what I've observed. The endless barage of propaganda we face on a daily basis cannot be completely responsible for the yawning chasm of animosity that exists between Republican and Democrat voters. They truly do hate each other and think differently, even if their masters do not.

As for myself, I happily refuse to pick a side or vote, as that only serves to legitimize an illegitimate system.

Fri, 03/01/2013 - 19:47 | 3292091 CH1
CH1's picture

I think most of us are sensitive to the primary ideology we grew up around - the assholes who did their best to shut us down and injure us as we began to think for ourselves.

Fri, 03/01/2013 - 19:50 | 3292102 MillionDollarBogus_
MillionDollarBogus_'s picture

That 80 billion was already 'priced in'.

New debt at near zero interest rate.

Certainly you Americans can afford that.

Fri, 03/01/2013 - 20:06 | 3292133 10mm
10mm's picture

You Americans.What are you?

Fri, 03/01/2013 - 20:27 | 3292166 francis_sawyer
francis_sawyer's picture



I hope a bunch of Grizzlies show up at the next Bohemian Grove assembly and maul the shit out of the diaper wearing frat boys...

Fri, 03/01/2013 - 20:47 | 3292203 Rogue Trooper
Rogue Trooper's picture

Nah Francis... I'll bring a blow torch you bring cheap Chicom pliers and some glad wrap for 'effect' - KISS principle...

Get medieval on their asses, take it REAL slow, and Vid the whole show for all the 99.99% to enjoy.

Just sayin'


Fri, 03/01/2013 - 21:26 | 3292284 Harlequin001
Harlequin001's picture

Hmmm, gonna need a wider screen...

and a wheel barrow...

Sat, 03/02/2013 - 00:01 | 3292651 2bit Hoarder
2bit Hoarder's picture

Mario Draghi perhpas?

Fri, 03/01/2013 - 21:13 | 3292246 californiagirl
californiagirl's picture

MillionDollarBogus, That is a pretty moronic comment.  The average term of the national debt is something like 5 to 6 years. It's like our national debt is an Alt-A mortgage. What happens when it has to roll over and interest rates start normalizing again?!  Or did you flunk logic and math?

Fri, 03/01/2013 - 21:51 | 3292327 lotsoffun
lotsoffun's picture

mdb is the man!!  yep, it was priced in.  and tomorrow, more earnings beats, and clearly, more housing upbeat news, less unemployment,

the US economy is booming.  what's with all this doom and gloom?  why shouldn't stocks double from here.  they are cheap

right now.  PM really are relics, what are you going to do, sew them into your nike joggers?  nobody wears wool coats any more.

car sales booming like never before.  new home starts.  new jobs.  you just have to ask yourself, this obama and his team,

geez, they are so brilliant, will this heaven ever end?


Fri, 03/01/2013 - 22:20 | 3292394 awakening
awakening's picture

'mdb is the man!! '

No it's just an imposter, move along nothing to see here.


Sat, 03/02/2013 - 01:17 | 3292808 prains
prains's picture

Republicans/conservatives are a whole other kind of retarded, but they are at least ten times more likely IMO to look at reality


not so sure Mc

Sat, 03/02/2013 - 12:35 | 3293466 StychoKiller
StychoKiller's picture

Hmm, so long as that reality involves droning brown people, then the Republicons are rite with ya!

Decepticrats never met a Govt program they couldn't spend someone else's munny on!

Sat, 03/02/2013 - 08:46 | 3293123 overmedicatedun...
overmedicatedundersexed's picture

so you want change or why would you read ZH? violence is a way but most here for very good reasons eliminate that option. moving to another land, where? they all are in the system.

here is one thing many can do: change your voter registration NOW. D or R go down to your local election office and change your registration to any other 3rd party of your choice or the global Independent.

The mass of people doing so would be the biggest hit we could do that avoids violence...please do it. That is a message the two headed monster will get.

Sat, 03/02/2013 - 12:37 | 3293470 StychoKiller
StychoKiller's picture

I just repudiated my entire voter registration (just WHY does a voter have to be "registered", yet don't have to ID themselves?)


Fri, 03/01/2013 - 18:31 | 3291884 nofluer
nofluer's picture

Neither the Treasury, nor the President, can spend a penny not budgeted.

Should say "can CONSTITUTIONALLY SPEND...". Otherwise the statement is not accurate. (See: elizabeth warren's position setting up the new consumer protection from evil Republican Credit Card Troll companies agency, which was directly funded by the FED to the tune of somewhere around 70 million or so, WITHOUT being approved by the House, and WITHOUT her being appointed by the Senate.)

So the trial balloon has been launched and has flown without anyone in Congress shooting it down - so the President can now get all the funding he wants for anything he wants it for - without the approval of Congress.

Fri, 03/01/2013 - 19:48 | 3292092 Marco
Marco's picture

Uhuh ... from Dodd-Frank Wall Street Reform and Consumer Protection Act (Enrolled Bill [Final as Passed Both House and Senate]

(1) IN GENERAL.—Each year (or quarter of such year), beginning
on the designated transfer date, and each quarter thereafter,
the Board of Governors shall transfer to the Bureau
from the combined earnings of the Federal Reserve System,
the amount determined by the Director to be reasonably necessary
to carry out the authorities of the Bureau under Federal
consumer financial law, taking into account such other sums
made available to the Bureau from the preceding year (or
quarter of such year).

Fri, 03/01/2013 - 21:33 | 3292300 Anonymous peon
Anonymous peon's picture

For what it's worth.....Article I Section 7. "All bills for raising revenue shall originate in the House of Representatives"  Taxing, not spending.

Fri, 03/01/2013 - 22:39 | 3292434 Go Tribe
Go Tribe's picture

What budget?

Sat, 03/02/2013 - 07:34 | 3293080 Hobbleknee
Hobbleknee's picture

That idiot neeed to watch some School House Rock before he posts.

Fri, 03/01/2013 - 18:14 | 3291828 Rogue Trooper
Rogue Trooper's picture


Here's how I would make myself perfectly clear to the Bernake...  :/


Fri, 03/01/2013 - 20:32 | 3292172 Rogue Trooper
Rogue Trooper's picture

Ben, did you fuckin' down vote me bro? Was I not clear enough?..... just one more time.

"You're ghostin' us, motherfucker. I don't care who you are back in the world, you give away our money one more time, I'll bleed ya, real quiet. Leave ya here. Got that?"

Sat, 03/02/2013 - 17:19 | 3294055 Encroaching Darkness
Encroaching Darkness's picture

+1 for "Predators" reference!

"If it bleeds, we can kill it".

Sat, 03/02/2013 - 17:19 | 3294056 Encroaching Darkness
Encroaching Darkness's picture

dup (removed)

Fri, 03/01/2013 - 22:45 | 3292446 Papasmurf
Papasmurf's picture

Thieves and traders.

Fri, 03/01/2013 - 18:15 | 3291829 BurningFuld
BurningFuld's picture

I was trying to give you like 10 up arrows for that quote.

Fri, 03/01/2013 - 19:25 | 3292029 CPL
CPL's picture

You make it sounds like it started with one guy.


no no no no...this has been on going on for a while

Fri, 03/01/2013 - 18:23 | 3291856 mt paul
mt paul's picture

Gollum bernaki

Fri, 03/01/2013 - 19:23 | 3292027 A Nanny Moose
A Nanny Moose's picture

One currency to rule them all.

Fri, 03/01/2013 - 20:10 | 3292143 Bendromeda Strain
Bendromeda Strain's picture

The US Debt can not be killed by ordinary means, it must thrown into the fires of Mt. Doom...

According to the cultists on an earlier post, it has to be thrown into Mt. Gox

Fri, 03/01/2013 - 23:35 | 3292585 Buck Johnson
Buck Johnson's picture

No kidding, into the fires of Doom or Morador.

Fri, 03/01/2013 - 17:08 | 3291621 Vincent Vega
Vincent Vega's picture

If you really want to have some fun, go to the debt clock and in the upper right corner click 'time machine' and go to 2017....guess at the debt before you do. 

Fri, 03/01/2013 - 17:20 | 3291660 McMolotov
McMolotov's picture

I'm guessing "eleventy kabillion," because we'll probably be inventing new numbers by then. Am I close?

Fri, 03/01/2013 - 17:22 | 3291667 Vincent Vega
Vincent Vega's picture

Missed it by ' ' much.....but very very close.

Fri, 03/01/2013 - 18:05 | 3291778 TruthInSunshine
TruthInSunshine's picture

If one were to get all crazy & wild and dare to assume an even remotely similar trajectory (I'm speaking in VERY APPROXIMATE terms here) to what we had in accretion to the *official* national debt from the time Obama gave his "raising the debt ceiling and adding to the current 8 trillion USD debt would be ruinous to us, our children & grandchildren" speech in 2006 to present (a 7 year period)...

...the trajectory puts the U.S. on course for a 25+ trillion USD debt by 2020 [it's a simple extrapolation of approximately 12% to 14% growth in the debt per year, but surely Krugman will come up with a model to tell us all how that didn't actually take place, and furthermore, how it can't take place].

Of course, to assume such a trajectory would be INSANE, because we all know that politicians and central bankers are very competent, well intentioned people, who have demonstrated a solid history of doing what's best for the nation over the short, intermediate and long term.

Not only that, but the 1% to 2% robust economic growth that we'll experience (and hopefully it won't be less than this robust level, let alone significantly less, and interest rates to service the debt won't rise more than a couple of basis points) will more than offset the 1 trillion to 1.5 trillion (or more?) annual deficits that we're going to incur for ? number of years...

Plus, we all know that it's not as if a record number of "Boomers" are retiring in a massive wave, to draw their entitlements and other government benefits soon...

Fri, 03/01/2013 - 18:17 | 3291837 Stoploss
Stoploss's picture

Kabillion, is that more than a Bazillion? Or less?

I forget.

Fri, 03/01/2013 - 18:19 | 3291844 Stoploss
Stoploss's picture

Also   Cuntillion--

Where's my pic of Nancy Pelosi....

Fri, 03/01/2013 - 18:51 | 3291937 toothpicker
toothpicker's picture

Obamallion is the mostest!

Fri, 03/01/2013 - 17:22 | 3291673 thecoloredsky
thecoloredsky's picture

I was only off by $400billion !

Fri, 03/01/2013 - 17:25 | 3291685 Vincent Vega
Vincent Vega's picture

U da man.

Fri, 03/01/2013 - 19:41 | 3292080 Buzz Hacksaw
Buzz Hacksaw's picture

Close enough. You're hired.

Fri, 03/01/2013 - 18:03 | 3291792 MeMadMax
MeMadMax's picture

I tried it, my computer crashed and here was the blue screen error:

Error 0x000178:

Ur fucked no matter what.

Better find a nice bunker in the middle of nowhere and soon.






Supreme court

Fri, 03/01/2013 - 22:44 | 3292444 Crash Overide
Crash Overide's picture

These so called "debt numbers" mean nothing to me. It's all a distraction that allows these scumbags to carry out their control agendas and slap each other on the ass.

QE's, cliffs, sequesters, fucking purple Kool-Aid, anything to scare the shit out of the sheep bahahaha so they won't realize that the only thing our government and FED is doing is throwing shit at the wall and seeing what sticks and how much we will take.


The icing on the cake is profiting from what's left of the bottom half's wealth while attempting to chip away at ones inalienable rights as Skynet goes online.

It's not even a funny joke anymore. Universe, please end this madness.

Fri, 03/01/2013 - 17:45 | 3291749 Kirk2NCC1701
Kirk2NCC1701's picture

Cute quips aside, the REAL way to kill it, is to blow it up.  Literally.  Until it goes 'Kaboom"!  Then and only then have you reached the hard-reset.  Get it... 'hard' reset?  As in 'hard' currency.

Fri, 03/01/2013 - 17:55 | 3291775 Vincent Vega
Vincent Vega's picture

Of course, and fortunately/unfortunately, you are correct.

Fri, 03/01/2013 - 19:44 | 3292087 Buzz Hacksaw
Buzz Hacksaw's picture

Kaboom. I'll bet that come before Gazillion.

Fri, 03/01/2013 - 23:21 | 3292537 GMadScientist
GMadScientist's picture

Okay, but YOU gotta wear the plastique vest, Osama.

Sat, 03/02/2013 - 01:00 | 3292777 rotagen
rotagen's picture

Bore, snore and seven years ago, our Creature, who spawned on Jekyll Island, oh yawn........zzzzzzzzzzzzzzzzz.

Sat, 03/02/2013 - 17:33 | 3294080 NoClueSneaker
NoClueSneaker's picture

Be sure to take dat "advantage" after she wides 2 bottles of booze, to prevent her from laughing. She won the gangbang queen prize when she was twelwe ....

Bernank's sweet sixteen becomes grannie in no time


Fri, 03/01/2013 - 16:49 | 3291534 SilverRhino
SilverRhino's picture

This country is fucked.   

Obama will start a world war to distract us from all this shit .... give him another year (most likely less). 


Fri, 03/01/2013 - 17:02 | 3291589 Bandit und Buster
Bandit und Buster's picture

"Obama will start a world war to distract us from all this shit"

Obama and his zionist controlers will start a world war..."  Fixed it.

"‘We’ve been fighting a war for the past 18 months, which is the harbinger of World War III. The world is going to fight, whether they like it or not.  I’m sure,’   Ra’anan Gissin, a senior adviser to [Israeli Prime Minister Ariel] Sharon, said n an interview Friday." Stephanie Innes, Arizona Daily Star, March 18, 2003.

Fri, 03/01/2013 - 17:08 | 3291617 flacon
flacon's picture

It's always "one more year" until the war starts tomorrow. That's why I packed my bags and shipped myself and family out of the USA. I've had 4 good years outside of USA to prepare. 


Fri, 03/01/2013 - 17:26 | 3291691 Falconsixone
Falconsixone's picture

Your going to miss all the fun........

Fri, 03/01/2013 - 21:45 | 3292185 Harbanger
Harbanger's picture

When the dollar collapses, the low information US sheep will be told who's to blame by Obama and the MSM .  The low infomation global sheep will be told to blame America and Americans.  By then the entire World will be in chaos, the only safe place is fighting along side your fellow patriots.

Fri, 03/01/2013 - 21:19 | 3292262 The Heart
The Heart's picture

Blessings of Old America to all. Here, the Eagles still hunt fish on the river. The deer play. In Old America, the beauty of what it was, is actually still alive and today this beauty is being sent to you all for the outstanding works you are all doing. A mighty hearted big pat on the backsides of those who can make a difference, and will do so when the time comes.

Here on ZH is this great collection of minds and hearts. We see the finest of intelligent commentary, the greatest of thinkers and market-wise intelligencia. The great part of this picture is everybody knows WHO and what most of the mechanisms of empire have manifested that are faulting, and destabilizing the entire enchilada. Wowie, even a star struck kid has to marvel at it all, in it’s slow motion fall.

"Obama and his zionist controlers will start a world war..."  Fixed it."

So what to do?

Many people are angry. No more than Mr. John Stadtmiller in this repeat show from January, who, using his abilities on the daily radio that he barely keeps on the air, is doing his best to reveal the truth to people. If he had major money support behind him, only one deep pocketed person to help him, these messages could get out to the nation, and it could be possible to steer the ship away from the iceberg it is fast headed towards. At this point in time, it is not too late to stop the insanity that is looming outside the nations perimeter, like comet ISON is coming from the underside side of the Sun.

Sure, that major emotion of anger that comes up first from the deep place of fear is resoundingly getting louder and louder. Recognize that. How to turn the fear into the true Light of Truth and real Justice is that right every soul on deck has. With all the ZH’ers gathered here, it could well be the greatest think tank in the world. Much honor and respect to you all. Thank you for many great and powerful additions to the whole moving picture. If there is a future, this site and it’s archives will offer the intellectual of the future many hours of historic spine tingling revelations that are being created as fast as they can be written.

Imagine if you will, all the great thinkers here gathering into this circling of the wagons to brainstorm about what actual solutions could be implemented RIGHT NOW to possibly stave off the coming babalonic hell planed to conquer the last free country, or sorta free…er…never mind. What can actually be done to stop the insane course of certain destruction the world is facing? Can it be done? And what if maybe some of those supposed leaders that are not on the pay roll…er…well…never mind. Maybe one or more of those souls that COULD make a difference actually used some of the ideas and suggestions brought forth, and really did something to stop the destruction of all biological life forms on the planet. Oh, the humanity?

To expound on that; what if say some large object in the coming future COULD MAYBE threaten life, all life on the planet as we know it. Would it be better to face it with all hands on deck, or no? WHAT IF, certain elements within walls of secrecy had this knowledge and did everything they could to destroy and destabilize the planets people for their sakes of profits, but maybe also so when these potential celestial events begin, the world’s people will not lets say, freak out, or go zombie on those who are presumed to be responsible for the impending catastrophe. Maybe the plan is that the world’s people just be non-existent before these greater universal things happen in this matrix?

Could it all be different? You betcha. Knowledge is power. In the ancient days of earlier times of this epoch, those who attended Watchman’s Temple of Awareness University learned in Prophets Class 101, that it was their job to tell the people what could happen simply by observing the signs. It was up to the people to actually change the forecast, or not. This was a time when telling the truth was far more virtuous, than lying and deceiving the mass mind to gain from the secrets that are meant for all.

So let this challenge go out world-wide. Can all the wagons here gather to brainstorm answers that maybe the matrix might cease upon to really cause some real changes for the better of all? Is it possible to see the glass is half full, and not half empty? There is great knowledge here. May this Heart invite you all to share it for posterity purposes. Maybe a pre-emptive Solutions Thread is in order Sir Tyler?


Sat, 03/02/2013 - 08:22 | 3293105 prains
prains's picture

Nice sentiment but that's is all it is, greed, evil and hubris control all the apparatus of mass thought in the West, it has never been relinquished in the East or Middle East so they are controlled as they always have been. The numbers of people of which you speak are too small and the event horizon too large. Realization by the many will invariably be too late and too ineffective. Once the shoe drops, it's going FULL FUCKING GONG SHOW. Katrina and its after math of mayhem was like a kids tickle trunk of playthings compared to where this rabbit hole leads. This is not pessimism this is plane old insight into the american condition. The christian hypocricy of the typical american is too engrained too self centered too paranoid too pampered for any other outcome. Notice the word used was typical not ALL but that still puts the majority at multiples of multiples of tens of millions, that's a lot of people.

Scale, especially exponential scale is hard to fathom and that's why your hopes and wishes will come to naught. If this was 1938 and you lived in Poland knowing what you know now what would you do about it? Knowing too the SCALE of what's to come is exponentially larger than Poland 1938 and infinitely more complex, what would you do about it? I suspect nothing because in your mind there are far too many reasons not to do anything but wait and try to react as best you can, YET you know what is about to be unleashed and really do nothing. This is why its sentiment because sentiment is inertia. The bigger the inertia the bigger the bang. This one is going biblical

Wed, 03/06/2013 - 06:12 | 3304082 The Heart
The Heart's picture

The Light is bright and your points are well taken...yessir.

Funny you ask that question about being in Poland 1938. The same question gets asked here too, only using Germany instead of Poland.

What would you do knowing all this?

Thanks for speaking your truth.



Sat, 03/02/2013 - 19:23 | 3294241 medium giraffe
medium giraffe's picture

This is all just a distraction and none of it matters. We have all have less than 10 years to live, I hope you have enjoyed your time here on earth. Nothing will be done about the following issue, because you probably won't even acknowledge the issue or it's impact.  Goodbye humanity, you really were too stupid to live.

Wed, 03/06/2013 - 06:15 | 3304083 The Heart
The Heart's picture

Yeah....heard this.

If the world knew we had larger more universal problems, would they continue to dicker of little material things?

Fri, 03/01/2013 - 17:02 | 3291591 NotApplicable
NotApplicable's picture

You mean that his masters will.

Please stop giving human traits to puppets, as it only further empowers the puppeteers.

Fri, 03/01/2013 - 18:56 | 3291942 clara-to-market
clara-to-market's picture

I save money by re-using toilet paper.

Don't laugh.

I own the largest cardboard box on skid row.


Fri, 03/01/2013 - 23:14 | 3292511 Its_the_economy...
Its_the_economy_stupid's picture

wait. I missed fourteen.

Fri, 03/01/2013 - 16:39 | 3291490 Xibalba
Xibalba's picture

Who bought the shit?  OH right, we did.  

Fri, 03/01/2013 - 16:49 | 3291533 max2205
max2205's picture

AAPL just evaporated $8 billion today....10 moar days and that = $80B

Fri, 03/01/2013 - 17:04 | 3291597 Frozen IcQb
Frozen IcQb's picture

BBY is up +4%. No bid and no forward guidance by the CEO...Truly manipulated! Just stay away....forever.

Fri, 03/01/2013 - 17:05 | 3291601 NotApplicable
NotApplicable's picture

Luckily for them. all of the pension funds holding that as their biggest position only report valuations once a year.

Now... if only they all ran on the same fiscal year, then they could paint the tape a little easier.

Fri, 03/01/2013 - 18:16 | 3291834 Rainman
Rainman's picture

Unions run the pension funds. What could possibly go wrong..??

Fri, 03/01/2013 - 16:51 | 3291548 smlbizman
smlbizman's picture

evidently you did not here benny tell us..."everybody wants our debt"...than why dont we let them buy it?...cause we are keeping the rates down so they can go it?

Fri, 03/01/2013 - 16:58 | 3291575 Dr. Richard Head
Dr. Richard Head's picture

I'll take illogical statements by central bankers and politicians for $17 Trillion, Alex!

Fri, 03/01/2013 - 17:06 | 3291609 NotApplicable
NotApplicable's picture

It's Crazy Ben's Bondaporium!

Fri, 03/01/2013 - 21:18 | 3292268 Yes_Questions
Yes_Questions's picture



So crazy he undersells Crazy Eddie!

Sat, 03/02/2013 - 00:29 | 3292725 Crash Overide
Crash Overide's picture

I'll buy that for 2 dollars.  *cough Detroit*

Sat, 03/02/2013 - 00:37 | 3292743 Yes_Questions
Yes_Questions's picture




You'd be able to if you were a Koch.

This not about fiscal governance as much as it is about asset transferrance.



Fri, 03/01/2013 - 16:54 | 3291557 Dr. Richard Head
Dr. Richard Head's picture

"You didn't buy that.  You can't buy things alone." Jorge W (Fuck you Very Much) Obama Santoro

Fri, 03/01/2013 - 16:39 | 3291491 busted by the b...
busted by the bailout's picture

"I want this country to realize that we stand on the edge of oblivion. I want everyone to remember *why* they need us!

What we need right now is a clear message to the people of this country. This message must be read in every newspaper, heard on every radio, seen on every television... I want *everyone* to *remember*, why they *need* us!"

Fri, 03/01/2013 - 16:44 | 3291515 HoofHearted
HoofHearted's picture

Who is going to be our "V"?

Fri, 03/01/2013 - 16:47 | 3291528 I think I need ...
I think I need to buy a gun's picture

gary gensler coming on cnbc right now to say he will be powerless, whats up with all these bald guys with hair on their sides?

Fri, 03/01/2013 - 17:07 | 3291614 NotApplicable
NotApplicable's picture

Testosterone, allegedly.

Fri, 03/01/2013 - 21:14 | 3292256 Intoxicologist
Intoxicologist's picture

They're all members of the Larry Fine Fan Club.

Fri, 03/01/2013 - 16:40 | 3291493 Groundhog Day
Groundhog Day's picture

What ever happened to the debt ceiling...oh never mind who gives a shit anymore...fuck off policitians

Fri, 03/01/2013 - 16:45 | 3291522 CrimsonAvenger
CrimsonAvenger's picture

Huge issue - and one which I think only ZH gave proper coverage to.

The debt ceiling was not raised, it was temporarily suspended - anyone want to place odds on when it will be reinstated? As I recall, we were only taken off the gold standard temporarily...

Fri, 03/01/2013 - 16:54 | 3291554 Ham-bone
Ham-bone's picture

CA - big bingo to you...we will not likely ever have a debt ceiling debate, a debt ceiling again, period...wonder what the implications of that could be...hmmmmm.

Fri, 03/01/2013 - 16:57 | 3291540 Ham-bone
Ham-bone's picture

Point of order - when Treasury sells T's to PD' PD's buy these w/ leverage?  Do they take a loan from another PD?  Do PD's pay "cash" for T and then get paid back by Fed in cash for T? Given PD paid $ for T and is simply repaid $ for T...from the PD perspective, they have same amount of money as before purchasing??? It's only the total money supply (not the PD cash) that's gone up?  Of course PD's make money on the transaction.  Just curious the exact mechanics of this whole clusterstuff.  Does the Fed pay "cash" from digital nowhere?  Money is created from nowhere but just curious of the exact methodology.

Fri, 03/01/2013 - 17:01 | 3291587 bnbdnb
bnbdnb's picture

Six drunk guys grab each others dicks and....

Fri, 03/01/2013 - 17:08 | 3291619 NotApplicable
NotApplicable's picture

They'll never tell, either.

Fri, 03/01/2013 - 21:30 | 3292291 Yes_Questions
Yes_Questions's picture



only six members amongst the, ehem, 12 member banks?


Fri, 03/01/2013 - 20:58 | 3292223 knukles
knukles's picture


Fri, 03/01/2013 - 22:31 | 3292419 Yes_Questions
Yes_Questions's picture



Keep it short, ok?


Fri, 03/01/2013 - 21:26 | 3292286 Yes_Questions
Yes_Questions's picture



FED sells the Ts, to itself since no one shows up to its auctions.


Money populates Treasury Dept. ledgers in electronic form, never to see the light.

Or your wallet..

Drink up.


Fri, 03/01/2013 - 23:30 | 3292571 GMadScientist
GMadScientist's picture

The PDs borrow from the discount window at rates you and I will never see and buy Ts because they know that some naive mofo doing the twist will buy them back, all the while collecting interest on reserves put in their banks by people like you, paid out in fresh Benny Bucks (at least the ones that aren't dedicated to insuring that the prop flows of said PDs never see a bad trading day).

Is it really helpful to quantify exactly how many ways you're being fucked once you're already airtight?


Sat, 03/02/2013 - 01:19 | 3292811 mkhs
mkhs's picture

Really? It would be better to borrow from discount window to buy Ts, repo to the Fed, pay off the loan, and rake in the interest on the repo'd bonds.  !.8 % - .25%  just for passing a piece of paper.

Sat, 03/02/2013 - 01:35 | 3292828 GMadScientist
GMadScientist's picture

Pay off the loan. That's rich!

Fri, 03/01/2013 - 16:40 | 3291495 Cdad
Cdad's picture

So long janitors in DC, school aged children of soldiers, and babies in was nice to know ya.  Oh well, someone [if someone is anyone other than GM employees] had to pay the price.

Fri, 03/01/2013 - 18:06 | 3291628 Ham-bone
Ham-bone's picture

and it's not like anybody in the private sector ever took a pay cut, a layoff, a cut in 401k or bene's, failure of their biz or lived on next to nothing w/out taking any income out of their biz to keep it alive...cause putting government workers, contractors, or beneficiaries through that sort of "hell" wouldn't be fair.

Fucking amazing the paid media shills don't think to step out of line to ask how the government can put itself above and ahead of the people it represents, the people it exists to serve.

Fri, 03/01/2013 - 20:34 | 3292176 francis_sawyer
francis_sawyer's picture

Coming in 5...4...3...2...


The media blitz will commence which will demonize all those GREEDY 401k holders & how they ought to be thinking about the nations future...


Fri, 03/01/2013 - 17:26 | 3291686 McMolotov
McMolotov's picture

If someone had to be sacrificed, I'm glad it was our babies in incubators instead of the guy flying the drone and blowing up brown babies in incubators on the other side of the world.

Fri, 03/01/2013 - 16:40 | 3291499's picture

With the sequester on, now the FED can increase MBS purchase's to $170B a month with this new found $85B sequester money....real estate values and stock market  to the moon!

Sat, 03/02/2013 - 00:36 | 3292739 Crash Overide
Crash Overide's picture

Don't forget Europe.

Fri, 03/01/2013 - 16:41 | 3291500 DoChenRollingBearing
DoChenRollingBearing's picture

Down here in Peru (on business) it is easy to forget that government stupidities in the USA will have a REALLY BAD effect...

Sleep tight, bitchez!

Fri, 03/01/2013 - 17:14 | 3291644 rodocostarica
rodocostarica's picture

Drink a couple of nice Pisco sours and eat some ceviche DoChen. All will be well. Wish I could join you.

Fri, 03/01/2013 - 18:31 | 3291885 gonetogalt
gonetogalt's picture

Worst hangover I ever had was from pisco...

Fri, 03/01/2013 - 22:33 | 3292421 Sockeye
Sockeye's picture


Fri, 03/01/2013 - 16:41 | 3291504 Bay of Pigs
Bay of Pigs's picture

$80B doelarrs used to be worth something.

Fri, 03/01/2013 - 16:48 | 3291523 Bunga Bunga
Bunga Bunga's picture

That's nothing, my grandma used to store a bunch of trillion bills in her purse.

Fri, 03/01/2013 - 16:56 | 3291565 Dr. Richard Head
Dr. Richard Head's picture

I'm gonna pop some tags, only got $16 Trillion in my pocket.

I'm, I'm, I'm hunting, looking for a come up, this is fucking awesome

Fri, 03/01/2013 - 17:00 | 3291586 Tsar Pointless
Tsar Pointless's picture

I + you, Dr. Dick Head.

Fri, 03/01/2013 - 17:18 | 3291654 fuu
fuu's picture

You look incredible.

Fri, 03/01/2013 - 17:21 | 3291664 NotApplicable
NotApplicable's picture

I swear your grandad's toast. He looks insolvent, yo.

I'm in this big ass POMO, from the MBS shop down the road.

Fri, 03/01/2013 - 17:25 | 3291684 Ham-bone
Ham-bone's picture

Damn, you are a cold ass honkey!!!

Fri, 03/01/2013 - 18:00 | 3291785 resurger
resurger's picture

Von Havenstein sends his regards

Fri, 03/01/2013 - 16:43 | 3291510 mayhem_korner
mayhem_korner's picture



This 17th Trillion is going so quickly.  I wonder which one went the fastest?  Prolly the 11th or 12th in the "boom years" of '09.  But it seems just a wink ago when we were marveling at 14...

Fri, 03/01/2013 - 16:50 | 3291542 css1971
css1971's picture

Always the latest. Just wait till the trillions are going by like billions.

Fri, 03/01/2013 - 17:01 | 3291576 SheepDog-One
SheepDog-One's picture

And 10 years ago everyone laughed at Zimbabwe! 'Oh, those niggaz be CRAZY and whatnot' reality is a bitch.

Fri, 03/01/2013 - 17:10 | 3291625 Bandit und Buster
Bandit und Buster's picture

Looks like Zim is the role model for this African communist  in the WH.

Fri, 03/01/2013 - 16:44 | 3291517 eddybaby
eddybaby's picture

I  never thought I'd feel like I was living thru a defining time in history but the the current willingness of politicians & central bankers to do what works in the short term versus what needs to be done for the long term, staggers me. It feels like I'm watching the very slowest of slow motion car crashes, where noone yet feels the impact, but its definately coming. Amazing.

Fri, 03/01/2013 - 16:48 | 3291532 SmallerGovNow2
SmallerGovNow2's picture

ditto baby...

Fri, 03/01/2013 - 17:26 | 3291689 NotApplicable
NotApplicable's picture

Same as it ever was.

The only difference? Our realization of it.

Fri, 03/01/2013 - 19:03 | 3291955 Rogue Trooper
Rogue Trooper's picture

Sing along now...

Letting the days go by, let the water hold me down 
Letting the days go by, water flowing underground 
Into the blue again, after the money's gone 
Once in a lifetime, water flowing underground 
Same as it ever was, same as it ever was, same as it ever was, same as it ever was 
Same as it ever was, same as it ever was, same as it ever was, same as it ever was 

Original vid

Fri, 03/01/2013 - 21:45 | 3292316 Yes_Questions
Yes_Questions's picture



and you may ask yourself am I right am I wrong

and you may say to yourself 



Fri, 03/01/2013 - 22:50 | 3292452 Rogue Trooper
Rogue Trooper's picture

Posted this for the sheeple... not that they will ever get it until it's too late.

Fri, 03/01/2013 - 17:00 | 3291585 eclectic syncretist
eclectic syncretist's picture

Amen to that brother. 

Fri, 03/01/2013 - 17:11 | 3291631 Bandit und Buster
Bandit und Buster's picture

You mean 'to do what works for them, and sell the rest of us for slaughter?

Fri, 03/01/2013 - 17:11 | 3291632 King_of_simpletons
King_of_simpletons's picture

The tooth doesn't rot in one day. What you see now is the decline in the political class's will to work for the American public. Instead of actual work, they deliver speeches and blame each other with wonderful parlays mesmerising the dumb sheep with nothing but wind between their ears.

Fri, 03/01/2013 - 21:43 | 3292311 Yes_Questions
Yes_Questions's picture




Most of us here at ZH are like the emergency equipment on the side of the runway prepping for that plane to crash just like in those '70s era airport movies.  

Sans sexy stew learnin to fly and land the thing cause there ain't noone in the tower to talk her in..

So, yeah, I feel you.

(Paging Mr. Banzai!, PAGING MR. BANZAI.  You are needed on runway 17T).

Fri, 03/01/2013 - 16:45 | 3291520 optimator
optimator's picture

They'll have to cut the PPT hours, they'll maybe leave at 3:30 including the fat finger guy.

Fri, 03/01/2013 - 16:47 | 3291524 pragmatic hobo
pragmatic hobo's picture

"Today is the day when, if one listens to Obama ..."

you know obama only reads the tele-prompters, ...

Fri, 03/01/2013 - 16:47 | 3291525 SmallerGovNow2
SmallerGovNow2's picture

Liars, fucking liars, drama queens and puppets....

Fri, 03/01/2013 - 16:49 | 3291539 Tsar Pointless
Tsar Pointless's picture

...and muppets.

Don't forget the muppets.

Fri, 03/01/2013 - 22:10 | 3292372 Yes_Questions
Yes_Questions's picture



We are all muppets now

Fri, 03/01/2013 - 16:47 | 3291530 Tsar Pointless
Tsar Pointless's picture

I'm sure, in some way, for somebody, somewhere, this is bullish.

Fri, 03/01/2013 - 16:47 | 3291531 kaiserhoff
kaiserhoff's picture



170 million jobs down the toilet, and I feel fine.

Fri, 03/01/2013 - 16:49 | 3291536 Temporalist
Temporalist's picture

I'm sorry that 170 million Ameikans will be out of work come Monday.  If only that included the politicians, lobbyists, bankers, insurance agents, realtors and brokers.  For some reason they get to keep their jobs.  It is a paradox similar to the one Beryankme describes about how low interest rates bring higher interest rates.  I suppose alcoholics must hit rock bottom before they can stand is the moral of this story. 

Drink up Amerikka!

Fri, 03/01/2013 - 17:06 | 3291608 ziggy59
ziggy59's picture

Isnt that the entire work force, plus a few million, of the country?

Fri, 03/01/2013 - 17:21 | 3291663 kaiserhoff
kaiserhoff's picture

From a remark by Maxine Waters, America's Idiot Laureate.

Fri, 03/01/2013 - 17:28 | 3291704 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

She needs new batteries in her HP12c...

Oh wait is that a TRS-80?

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