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Total US Debt Soars Over $17 Trillion

Tyler Durden's picture




 

Two days ago, when we described the immediate next steps now that the House had passed the latest debt target ceiling extension, we explained what would happen immediately after as follows: "next up, as the emergency Treasury measures are netted out against the new debt limit, it means that once the new Daily Treasury Statement hits, the total US Federal debt will be just at, or over $17 trillion. Rejoice." Moments ago the first post-reopening DTS just hit, and it turns out our estimate was low. Because as of yesterday, the official US debt is now 17,075,590,107,963.57 an increase of $327 billion "overnight."

We hope this will answer all that hyperventilating questions about how the total US debt can stay fixed at one number since May: basically the Treasury had utilized over $320 billion in emergency measures, and now they have been netted out against the "temporarily" suspended debt limit.

Of course, we are confident this number will figure far less prominently among tomorrow's mainstream media papers, especially when the great unemployed masses and the 46 million on foodstamps have another record number, that of the stock market, to be distracted with.

 

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Fri, 10/18/2013 - 16:45 | 4070139 Xibalba
Xibalba's picture

who's counting? 

Fri, 10/18/2013 - 16:48 | 4070144 1835jackson
1835jackson's picture

Derivatives. 

Fri, 10/18/2013 - 16:57 | 4070185 SilverIsKing
SilverIsKing's picture

Forward March!

Fri, 10/18/2013 - 17:10 | 4070228 flacon
flacon's picture

What happened to the price of gold vs. debt ceiling chart? It looks soooo broken for about two years. 

Fri, 10/18/2013 - 17:21 | 4070266 WayBehind
WayBehind's picture

Lets celebrate ...

give it a few weeks and we will be at 20 ...

Fri, 10/18/2013 - 17:22 | 4070271 remain calm
remain calm's picture

Yellen to the rescue

Fri, 10/18/2013 - 17:29 | 4070291 Pure Evil
Pure Evil's picture

And just think.....

By the end of the year it'll be over 18 trillion.

Gotta get ready for those year end bonuses!

Fri, 10/18/2013 - 17:34 | 4070304 Stackers
Stackers's picture

According to the Economist's future debt clock back in 2010 we were only supposed to have 12.7 trillion in debt in 2013

http://www.economist.com/content/global_debt_clock ........ ROFL

 

Select US from drop down list of countries

Fri, 10/18/2013 - 17:42 | 4070336 SilverIsKing
SilverIsKing's picture

No one should be surprised. After 16 comes 17. I can guarantee you 18 will be next.

After 18 you will see 19.

Getting the hang of it yet?

So when 18 arrives, let's not seem too surprised.

Fri, 10/18/2013 - 18:03 | 4070420 olto
olto's picture

Hiyo Silveris-----

I like the way you think---good math

using 320 million as a base population---it comes out to about $53,125 for each man, woman, and child here.

Now here is my question, Mathamatica:

If we subtract the 47 million that cannot possibly pay a cent, What is the real number???

Thanks

Fri, 10/18/2013 - 18:08 | 4070439 SilverIsKing
SilverIsKing's picture

Well you divide the $17T by 273 million but in reality, many in the 273 can't pay jack shit either.

Fri, 10/18/2013 - 18:17 | 4070459 olto
olto's picture

Silveris----------

Now, by your response

I know that you are truly Mathamatica

Thanks for the laugh----you surprised me!

Fri, 10/18/2013 - 18:24 | 4070480 1000 splendid suns
1000 splendid suns's picture

Karen Hudes to the rescue. http://www.youtube.com/watch?v=RJwJENSGnhE

She has bigger cajones than Janet Yellen.

 

Fri, 10/18/2013 - 18:35 | 4070524 SWRichmond
SWRichmond's picture

Blame it on the Tea Party

Fri, 10/18/2013 - 19:37 | 4070698 nmewn
nmewn's picture

Yes.

They must be of the anarchist variety, to object to the tyranny being imposed by elites.

Very radical peeps, these TP-types, best to keep an eye on them ;-)

Fri, 10/18/2013 - 21:59 | 4071020 markmotive
markmotive's picture

The world is in the process of being "De-Americanized".

http://www.planbeconomics.com/2013/10/china-to-de-americanize-world-coll...

Sat, 10/19/2013 - 02:00 | 4071154 TruthInSunshine
TruthInSunshine's picture

dt.

Fri, 10/18/2013 - 19:45 | 4070720 AlaricBalth
AlaricBalth's picture

I call BS to the Treasury and Jack Lew.

Description of the Extraordinary Measures
http://www.treasury.gov/connect/blog/Documents/Appendix%20--%20Extraordi...

According to the Treasury's own document, the use of EM could only generate $208 billion 10 months ago. Even allowing a 15% margin for error that would still only be $239.2 billion. I do not recall asset sales in the amount of $80 billion. So where exactly did the extra cash come from?
This as all BS. Perhaps Lew should enlighten us.

Fri, 10/18/2013 - 21:14 | 4070929 Father Lucifer
Father Lucifer's picture

Is Karen Hudes really Tyler? or just channeling him?

Fri, 10/18/2013 - 18:24 | 4070477 MisterMousePotato
MisterMousePotato's picture

Even more interesting is the fact that the 17, 18, 19 trillion dollar numbers do not take into account the actual 'obligations' of the United States federal government. You know, the little things like Social Security, etc.

Add that in, and, well, you're talking about a whole lot more than $53k per. (Even the most conservative estimates I have seen suggest trebling that figure.)

Oh. And let's not forget state and local .gov, too. For instance, in California, that adds another $30k (at a minimum) per person. With one-third of the country's welfare recipients here in the state, it's safe to say, I think, that not every California resident will be paying their share?

Fri, 10/18/2013 - 18:37 | 4070531 Herd Redirectio...
Herd Redirection Committee's picture

I, for one, trust the Federal Government's accounting.

Shit, I couldn't keep a straight face for the whole thing.

Fri, 10/18/2013 - 22:52 | 4071133 spine001
spine001's picture

The net present value of the all the future balance of payments of the USA is 200 trillion dollars today.

Fri, 10/18/2013 - 19:04 | 4070604 Rogue Trooper
Rogue Trooper's picture

Exceptional

Fri, 10/18/2013 - 19:48 | 4070735 nmewn
nmewn's picture

You're forgetting how perpetual Keynesian theory works/ends.

When you have 100% wards of the state, with no one actually working or producing anything, the .gov/Fed alliance keeps printing fiat so that "tax revenues" keeps coming in and being accounted for as a net positive...accounting never lies, only the people who do the accounting.

Wards of the state will continually spend what is printed & given away without any regard to anything at all being produced.

It makes perfect sense from an accounting standpoint, until starvation sets in on the accountant ;-)

Sat, 10/19/2013 - 00:35 | 4071246 WSMassiv
WSMassiv's picture

When you borrow money into existence then you also have to borrow money to pay the interest on the first set of borrowing.  Therefore there is never enough money to ever extinguish the original loan.  So in short the whole thing is a scam,  and most here tend to ignore this simple fact.

Get back on that hampster wheel now, and pay your taxes.

Enjoy.

Fri, 10/18/2013 - 18:07 | 4070435 Bizaro World
Bizaro World's picture

On the contrary my friend. MOST will be surprised, and unfortunately will be found wanting.

BW

Fri, 10/18/2013 - 18:29 | 4070495 Antifaschistische
Antifaschistische's picture

and who actually believed that the "extraordinary" gimmicks would not have continued had the goons in Washington not reached an "agreement".   Those "extraordinary" measures would have continued for months/years. 

Fri, 10/18/2013 - 19:50 | 4070741 Occams_Chainsaw
Occams_Chainsaw's picture

The new gov't math does not support your contention.  2+2= 8764537 trillion and it's all free.  Geez...live in the now.

Fri, 10/18/2013 - 17:45 | 4070348 Pool Shark
Pool Shark's picture

 

 

Oh, c'mon; they only missed it by $4,300,000,000,000.00

I mean, nowdays that's just a rounding error...

 

Fri, 10/18/2013 - 22:17 | 4071064 smokintoad
smokintoad's picture

Iowa Senator Tom Harkin  once called a $6 billion dollar error "pencil dust".  So I guess this would be about the equivalent of misplacing your pencil.

Fri, 10/18/2013 - 17:56 | 4070396 nmewn
nmewn's picture

This calls for yet another Blue Ribbon Panel to look into why the debt keeps rising despite the best efforts of our honest, forthright, elected officials.

I'm thinkin they should budget a measly billion for staff & panelists for this crucial, patriotic, one year mission. 

So, with that said, I nominate myself (because thats just how its done these days) as Chairman of this new, parasiti, errr, august panel.

Who's with me? ;-)

 

Fri, 10/18/2013 - 18:02 | 4070418 kaiserhoff
kaiserhoff's picture

Can we call ourselves Team Redskins, just for shits and grins?

Fri, 10/18/2013 - 18:06 | 4070426 nmewn
nmewn's picture

Absolutely, I love potatoes ;-)

Fri, 10/18/2013 - 18:17 | 4070463 kaiserhoff
kaiserhoff's picture

If I wanted a job, I would sign up for the rewrite of the Scumbama Care Sign Up Program, because:

 

1.  I know squat about programming.

2.  It's a job sure to last until the Second Coming.

Fri, 10/18/2013 - 18:27 | 4070486 MisterMousePotato
MisterMousePotato's picture

The Washington Redskins have capitulated and are changing their name. They are dropping the word "Washington" because it is too embarrassing.

Fri, 10/18/2013 - 20:03 | 4070778 nmewn
nmewn's picture

Here's a good one.

The sap who's the MSM's "go to guy" on all things Redskin is not what he claims to be:

"The American Indian leader spearheading the campaign to change the name of the Washington Redskins is not a legitimate member of the tribe he leads, according to a New York State Assemblywoman, but rather an Obama crony who is raking in casino money and paying back only small stipends to his tribe members.

Oneida Nation Representative Ray Halbritter, who is also the CEO of Oneida Nation Enterprises, is not recognized in his position by the Grand Council of Chiefs governing the Six Nations Iroquois Confederacy. Halbritter is not a legitimate member of the Oneida tribe, Assemblywoman Claudia Tenney told The Daily Caller.

“He is not even technically an Oneida. There is not a drop of Oneida in him,” Tenney said.

http://dailycaller.com/2013/10/14/documents-anti-redskins-indian-leader-not-a-legitimate-member-of-his-tribe/#ixzz2i7Z1ewSC

Well now, what are we to make of this?

He does have high cheek bones, brown eyes & dark hair, however, he is NOT as he presents himself to be...not unlike a certain senator...who shall go un-named...lol.

But close enough for progressives...the show must go on! ;-)

Fri, 10/18/2013 - 19:55 | 4070758 mofreedom
mofreedom's picture

me hate the red, taste like a mildew, me like yukon gold mashed.

Fri, 10/18/2013 - 19:16 | 4070643 Hulk
Hulk's picture

I'm in, if you can get us retroactively furloughed for 3 weeks, with pay of course, 4 weeks of paid vacation, two weeks of sick leave and 1 week of actual work, per year!!!

Fri, 10/18/2013 - 20:15 | 4070810 nmewn
nmewn's picture

Done!

And in my new position as Cracker-in-Chief, I name you First Consigliere of Cracker-in-Chief.

Man, this is pretty easy when ya think about it, a sweet little gig, no accountability and a billion Benny Bucks to split up between us...why...its almost like government ;-)

Fri, 10/18/2013 - 22:13 | 4071054 Hulk
Hulk's picture

HULK:  FCoCiC. Hulk Like !!!

Fri, 10/18/2013 - 19:18 | 4070647 booboo
booboo's picture

Otard could mint a 20 trillion dollar coin and our chilen' would be rich. Sheeit, any ekonomist cood du maf!

Fri, 10/18/2013 - 20:23 | 4070832 nmewn
nmewn's picture

Its maf made easy...lol.

Still say a platinum colored Yugo, with the engine blown, four flat tires, sitting in the parking lot of the Treasury, with 20 trillion spray painted in green on the side of it, would still serve the same function for them but who am I to argue with Princeton educated economists ;-)

Fri, 10/18/2013 - 17:35 | 4070312 European American
European American's picture

I remember not so long ago, a billion seemed unfathomable.

 

How much more till the debt hits a quadrillion?

Fri, 10/18/2013 - 17:42 | 4070335 kaiserhoff
kaiserhoff's picture

Don't blink your eyes,

or you'll miss it on the way to a googleplexion.

Fri, 10/18/2013 - 17:48 | 4070370 CPL
CPL's picture

It's like Schrodinger's cat.  Nobody is quite sure, but it might already be a Quadrillion.  HOWEVER because the last number anyone reviewed is around 6 years old.  No one knows for sure.

http://business.time.com/2013/03/27/why-derivatives-may-be-the-biggest-r...

While there’s no way of knowing for sure, estimates of the face value of all derivatives outstanding tops a quadrillion (1,000 trillion) dollars, or more than 14 times the entire world’s annual GDP. By comparison, the total value of all the stocks trading on the New York Stock Exchange is roughly $15 trillion. Indeed, the New York Stock Exchange itself is being acquired by an up-and-coming derivatives exchange.

That's a single country.  One country with less than 5% of the worlds population.  Guess what is going to happen to collect on that debt.

Fri, 10/18/2013 - 18:06 | 4070429 olto
olto's picture

Cpl:

Schrodinger's famous cat would just outlaw the payment of this shit and let the chips fall where they may.

You are a bright bulb, Cpl, why not????

Thanks for hanging out here

Fri, 10/18/2013 - 21:03 | 4070892 CPL
CPL's picture

Actually the paradox would counter any decision made as the wrong one, until someone got off their ass and checked the box.  Then they could confirm the situation.

But since everyone is chickenshit of the real number of bad debt over 100 years, well...here we are.  Debt crammed in every nook and cranny, lots of it forgotten over time waiting for some poor CPA to lift that rock and wreck his/her life.  And by proxy everyone else's. 

You have to understand that what is falling all over the place right now for people to see.  It is a tiny, minuscule amount of the problem of debt.  This is a debt over time with variable rates ranging from 0.5% all the way to 20+% from different congress time frames. . 

The economic horse shit the US government pulled after the world war 2 would make most people vomit.  Then the cold war happens, and it gets worse.  Then Nixon sells the USA to China, then it goes in the shitter two seconds later.  Which forces a price action...and more bailouts, not called bailouts.  They were bursaries given at the reasonable interest rates of 18-22%.  Then Carter (sigh).  Then Reagan (holy fuck).  Then BUSH (MEGA HOLY FUCK).  Then Clinton (he was zen master maintainer...still badly in debt)

All people are seeing is the tiny fraction of capital needed to hold back the Ocean of debt behind the dike over a six year span.  Did anyone really expect Obama to fix a 100 year old systemic problem?  No he was put in the situation by every man and women in the US government.  Not throwing rose pedals, just stating the obvious situation.  The money being printed right now is how the chips are going to fall.

The task is now to turn the word billionaire into something as common as broken glass in a parking lot. 

They'll print until Buffet is a broke ass slob like everyone else. If people believe in those large equity rich companies can hustle out of this.  LOL.  It'll only take one mistake in capital management to skullfuck them.  A single mistake with capital moving at this velocity, at this scale because of unintentional capital creation by sub 1% interest that eclipses the total GDP of half the countries on this planet.

That's the situation.  One fuck up in capital delivery or poorly designed billing not accounting for real world inflation...there goes IBM.  Another chain reaction in a market losing faith in USD...Google is embedded head first in the limitations of USD. 

Whole landscape littered with large, dead corporate dinosaurs.  Get the popcorn.  It'll be better than the Final five.  As this nonsense carry's on, they'll just print more.

Fri, 10/18/2013 - 22:07 | 4071037 olto
olto's picture

Thanks for the summation, CPL,

I, now, understand why you used the famous cat. But still, why not just call off the derivatives----just make them the illegal immigrants that they are?

The show will go on. And maybe the reset will allow some to consider whether they want to continue living on this planet or not.

Most of the survivors will be ok once the dust settles----not talking about guns and gold----the real survivors that always make it---a sort of re-ordering of human genome.

At least something more interesting rather than all of this endless whining about every fart in the rain barrel

Fukushima could use some help

thanks for your input

Fri, 10/18/2013 - 23:21 | 4071144 CPL
CPL's picture

You know about the monkey jar trap? 

The jar's mouth is narrow enough to let nimble fingers slide through, but not wide enough to let a closed fist back out.  So a greedy monkey sticks their hand in the pot  and is trapped by it's own hand holding the treat.  Youtube is full of interesting video's on the subject.  You can watch all sorts of monkey's nearly tear their arm out of socket instead of doing the obvious.  Which is "Let it go".

Everyone, 7.199 billion of us, are standing around waiting for a bunch of greedy monkey's with all their hands in the jar.  All screeching at one another to let go first and fighting with the closest monkey about debt that will never be paid back.  How's that for amazingly stupid? 

How broke are they you ask?..well:

  • They are all so fucking broke if they robbed each other they would be practicing.
  • They are all so fucking broke if they stopped on a dime, they do owe it to someone. 

and the obvious.

  • They are all so fucking broke they can't afford to pay attention!

 

Sun, 10/20/2013 - 11:55 | 4071251 olto
olto's picture

Thank you, CPL,

This is more how I understand it:

"They are all so fucking broke they can't afford to pay attention!"

I knew that it had nothing to do with the cat family.

Schrodinger

 

Fri, 10/18/2013 - 17:30 | 4070297 kaiserhoff
kaiserhoff's picture

17 Trillion..., on the Mickey Mouse, cash basis gubbermint accounting (fraud) system.

Real world accrual accounting ~ 175 Trillion.

They can't steal enough to cover that nut.

Fri, 10/18/2013 - 17:46 | 4070355 Pool Shark
Pool Shark's picture

 

 

Won't stop 'em from trying...

 

 

Fri, 10/18/2013 - 18:24 | 4070479 butchee
butchee's picture

Intragovernmental bag holders are the largest holders of US debt on the planet at nearly 5 trillion....sorry 'bout them pension plans, G-man.

Fri, 10/18/2013 - 18:37 | 4070532 Jam Akin
Jam Akin's picture

Nothing that a handful of platinum coins couldn't resolve...

Fri, 10/18/2013 - 17:44 | 4070345 CPL
CPL's picture

usdebtclock.org

 

It's at 100 Trillion, at birth each American 'owes' a cool million dollars.  The 17 Trillion is a single layer of government.

Fri, 10/18/2013 - 17:11 | 4070232 Stackers
Stackers's picture

Notice how they stopped setting dollar amount limits and now set the limit to expire on a certain date with unlimited limit up to that time now ?

Fri, 10/18/2013 - 17:28 | 4070288 fockewulf190
fockewulf190's picture

It will be either $20 trillion by 1Jan2017 or it will be 0.

Fri, 10/18/2013 - 17:34 | 4070307 Pure Evil
Pure Evil's picture

By the time it hits 21 trillion it'll be able to hit all the nightclubs and pick up all the ditzyest chicks and drink till it pukes.

I can hear the ladies now in their sexy sultry voices.....

Ooooh, 21 trillion huh? How bout we go for ride over to your place.

Nothin' like 21 trillion to impress all the chicks.

Fri, 10/18/2013 - 17:49 | 4070377 CPL
CPL's picture

Anyone want to set up a dead pool?

Fri, 10/18/2013 - 18:00 | 4070407 Mentaliusanything
Mentaliusanything's picture

For those who have a mathamatical bent and want to know the TRUE Inflation Rate....... Well get calculating. Its just a few key strokes away. Go on I dare you!.. best you remain sober till the = hits you in the eye

Fri, 10/18/2013 - 19:38 | 4070706 mofreedom
mofreedom's picture

What sober?  Even my kid's drunk...on mega stuff oreos...i never touch the stuff.

Fri, 10/18/2013 - 19:34 | 4070686 observer007
observer007's picture

Your FEMA-CAMP nextdor

Before the collapse u will be killed:

USA: FEMA-Camps + 1,6 billion bullets

http://homment.com/fema-camps

Fri, 10/18/2013 - 17:16 | 4070250 Peter Pan
Peter Pan's picture

You have to laugh. After 17 trillion this bomb is still ticking. We might still be crying wolf when it hits 25 trillion. The only question is what will this world will look like.

Fri, 10/18/2013 - 19:45 | 4070714 mofreedom
mofreedom's picture

Like...a communists breakfast...and we bring it to them...while we eat cubes of someting.

Fri, 10/18/2013 - 16:58 | 4070186 DoChenRollingBearing
DoChenRollingBearing's picture

The debt is claerly unpayable, now and into the future.  It is important to now try and cover as many possible ugly scenarios as possible.  Hard assets, particulalry those that are hard to find.  I would be scared to own rural land because at some point they wil try to tax it, especially if productive.   Here are some ideas:

-- gold, silver and platinum OK too.

-- guns and ammo, now is a good time to buy big

-- food & water, especially production capability

-- drop expensive bad habits

-- some assets overseas, diversification!

I fully understand how difficult it is to be rpepared for almost everything, I have not made much progress myself.  But, each week that goes by (until crash-time) I make a little progress

Fri, 10/18/2013 - 17:06 | 4070217 LawsofPhysics
LawsofPhysics's picture

Remember, things are much worse as this is only the debt "subject to limit".

language is very important.

Fri, 10/18/2013 - 17:37 | 4070290 SafelyGraze
SafelyGraze's picture

"US Debt Soars Over $17 Trillion"

whew!

good thing the ceiling was raised/suspended!

otherwise the payments of 300+ billion would have been prioritized.

and that would have been bad

now we can get back to the business of mpping up that excess liquidity and reducing that debt

get to work, mister DEA

Fri, 10/18/2013 - 17:35 | 4070317 Ruffcut
Ruffcut's picture

"-- drop expensive bad habits"

Horseshit, let the bad habits roll. Stock up on booze and smoke. if it gets that bad then just deal with the shit. 

I prepped enuff. Gensets, food , ammo, silver ... what's the fucking point. To try to survive the unsurvivable like the sustaining the unsustainable?

Everything everyone has, was created by ponzi. Live the grand illusion.


Fri, 10/18/2013 - 17:45 | 4070351 DoChenRollingBearing
DoChenRollingBearing's picture

In my case, dropping expensive bad habits has been very much of a good thing.

Everyone´s mileage varies.

Fri, 10/18/2013 - 19:28 | 4070674 Hulk
Hulk's picture

You had better not have stopped drinking DCRB, like all the other pussy alcoholics here at the Hedge!!! I'm looking forward to that $55k drink !!!

Fri, 10/18/2013 - 22:19 | 4071069 Incubus
Incubus's picture

no thanks.

 

I'll stick to my weights, protein powders, and heavy bag.

 

Do what makes you happy.  Making myself better makes me happy.  If drink and slow death by smoking are up your alley, go for it, man.

Fri, 10/18/2013 - 17:39 | 4070328 fockewulf190
fockewulf190's picture

Deep six the platinum idea unless you can get it at prices cheaper than gold. There really isn't much of an advantage buying it over gold and the premiums are often ridiculous.

Fri, 10/18/2013 - 17:09 | 4070226 slotmouth
slotmouth's picture

Oh, it's payable thanks to Yellen and company.  Just gotta keep printing.

Fri, 10/18/2013 - 17:12 | 4070236 ACP
ACP's picture

Don't forget about the ability to communicate via ham radio or other primitive methods, once the govt begins its active suppression campaign.

Fri, 10/18/2013 - 17:18 | 4070257 maskone909
maskone909's picture

the debt was never payable my old friend.  when you have a system that relies on loaning a dollar, and to pay that dollar back, youmust create another dollar, well you get the point.  im sure you already know this im just really pumped after watching that new vid http://www.hiddensecretsofmoney.com/videos/episode-4

Fri, 10/18/2013 - 18:41 | 4070546 Rapada
Rapada's picture

I just watched all of that, very very good.

Fri, 10/18/2013 - 18:08 | 4070436 olto
olto's picture

Hey, Do-------------

Sometimes, you worry too much

Fri, 10/18/2013 - 18:23 | 4070475 DoChenRollingBearing
DoChenRollingBearing's picture

Actually my life is good!  We are fairly well prepared, at least vs. the "average".

Life is good!

But, as the Boy Scouts (used to?) say: Be prepared!

Fri, 10/18/2013 - 22:53 | 4070743 Chief_Illiniwek
Chief_Illiniwek's picture

As someone who intentionally lives in a rural setting, I advise readers to consider their locale carefully.  As societal stress increases, we will see those stresses played out in the urban areas first:  as well as the government antidotes to those stresses.  How do we know this? History and human nature.

If you were referring to farmland encompassing 10s/100s-of-acres, I concurr with your concern about confiscation.  But a few acres, with its own water supply, that can be defended (if need be), within 10 miles (or so...) of nominal services for the time leading up to chaos - that's the way I've decided to roll.

Fri, 10/18/2013 - 20:05 | 4070784 bigrooster
bigrooster's picture

Really you think that rural land is a bad idea?  So what is a good idea, a 500sf condo in NYC?  I have 40 acres in BFE and it will be worth more than all of NYC if TSHTF!

BTY I agree with your other ideas so no hard feelings.

Sat, 10/19/2013 - 07:49 | 4071459 StychoKiller
StychoKiller's picture

I'm looking at gettin' one of these beauties: http://www.coppermoonshinestills.com/

Fri, 10/18/2013 - 19:00 | 4070588 Serfs_Up
Serfs_Up's picture

$1,500,000,000,000,000 = Nukes

$17,000,000,000,000 = Firecrackers

Fri, 10/18/2013 - 16:49 | 4070152 azzhatter
azzhatter's picture

Unpatriotic- Fuck you Obama

Fri, 10/18/2013 - 17:08 | 4070222 Chuck Walla
Chuck Walla's picture

Drop your cocks and grab your Glocks! The party is just starting.

FORWARD SOVIET!

Fri, 10/18/2013 - 17:20 | 4070263 maskone909
maskone909's picture

+1 does that come on a bumper sticker lmfao

Fri, 10/18/2013 - 20:11 | 4070797 Incubus
Incubus's picture

I'd get one of those if it were a bumper sticker.

 

 

Fri, 10/18/2013 - 17:17 | 4070251 Meat Hammer
Meat Hammer's picture

Wait a minute!  Just wait one god damn minute!

Raising the debt ceiling doesn't increase our debt, remember?

Move along.

Fri, 10/18/2013 - 17:23 | 4070275 Teddy Tenpole
Teddy Tenpole's picture

 

 

...furthermore, this Administration has brought the deficit down at its fastest rate in...

Fri, 10/18/2013 - 17:34 | 4070311 DaddyO
DaddyO's picture

...furthermore, this Administration has brought the deficit down at its fastest rate in...

Like, maybe, like NEVER!!!

Did anyone see the 338 Billion increase in the national debt?

Teddy Beanpole must have missed the fact that we're already at $1 Trillion in deficit spending for the year...

DaddyO

Fri, 10/18/2013 - 18:43 | 4070551 Teddy Tenpole
Teddy Tenpole's picture

 

 

Ummm, are all your pals going to down arrow me for suggesting that you are a moron who clearly doesn't keep current on the world around him?

Fri, 10/18/2013 - 18:55 | 4070577 BoNeSxxx
BoNeSxxx's picture

yes but only because I am stuck in an airport with absolutley nothing better to do...

Fri, 10/18/2013 - 19:49 | 4070736 Meat Hammer
Meat Hammer's picture

Ya gotta love people like Teddy who argue over which politician is the smartest retard.

Fri, 10/18/2013 - 18:11 | 4070450 resurger
resurger's picture

Debt Dont matter, all that matters is DOW 36K ...

Floor traders will print that on a cap and drink to that..

 

Fri, 10/18/2013 - 18:41 | 4070542 HungryPorkChop
HungryPorkChop's picture

Gold should be at $2,500 by now however we'll probably see DOW 36K and Gold $800.  Who would have thought these two markets move in such a bi-polar manner during a uncontrolled printing session.  It should be opposite but the law of mathmatics and gravity do not apply here. 

Fri, 10/18/2013 - 21:47 | 4070997 Jam Akin
Jam Akin's picture

I'd believe paper at $800 or less per OZ.  The real thing, not so low...

Fri, 10/18/2013 - 17:33 | 4070299 McMolotov
McMolotov's picture

Not just unpatriotic, but also immoral. Today's children will dance on our graves if we don't get this shit fixed somehow, and I won't blame them one bit.

(Hey, statists! This time, it really is 'for the children.' How weird is that?)

Fri, 10/18/2013 - 18:57 | 4070485 BoNeSxxx
BoNeSxxx's picture

You are being far too pessimistic Mickey... I fully intend to spit and piss on some graves in the near future - and I am a rational Gen X.

Fri, 10/18/2013 - 17:10 | 4070225 Millivanilli
Millivanilli's picture

  The downward trajectory of the US is breathtaking.  Just in time to give amnesty to 30 million illegal immigrants.  

 

Unless we develop some fantastic productive capacity that is related to cheap energy, the next 10 years are bound to be very bleak.

Fri, 10/18/2013 - 18:13 | 4070443 olto
olto's picture

Dude

That thirty million are the only ones really working

Do you want their jobs???

I don't think so

My family started out as illegal immigrants in 1630, so

I am still a little defensive about 'illegal immigrants'

don't agree or disagree, I have no position on this issue

 

Fri, 10/18/2013 - 18:32 | 4070511 SmittyinLA
SmittyinLA's picture

Dude you'll always be an illegal alien so leave. 

Fri, 10/18/2013 - 18:29 | 4070498 SmittyinLA
SmittyinLA's picture

Everybody knows, you can't fix stupid, and you can't tell the truth in America

http://nbclatino.com/2013/05/08/heritage-immigration-study-co-author-hispanics-will-have-low-iq-children-and-grandchildren/

its the illegal aliens causing the trajectory, as well they should, any immigration system that restricts the smart and honest in favor of stupid criminals is bound to fail over long term.

Our federal immigration policy is both anti evolutionary and anti economic, racist, Anti-American, and unsustainable too.

We're under the control of a criminal looting enterprise. 

Fri, 10/18/2013 - 17:15 | 4070241 icanhasbailout
icanhasbailout's picture

no worries, they don't teach counting in schools anymore

Fri, 10/18/2013 - 17:28 | 4070286 Jumbotron
Jumbotron's picture

"who's counting? "

Right.  Seriously....who should and can give a fuck anymore about this number.  It's all fake money....nothing but digital ones and zeros representing lies, delusions, corruption and outright theft.

Nothing will get paid off.....nothing will get paid back.  It will collapse.

And then we can get on with doing it all over again after the generation that sees the collapse happen and particularly CAUSED it to happen dies off either from natural causes or in the chaos to follow.  Then the next generation that grows up from the ashes or didn't learn the lesson during the collapse will start the whole thing over because "This time it will be different"

***Yawn***  Why worry about a number that isn't real?  Just prepare for when SHIT gets real.

Fri, 10/18/2013 - 17:35 | 4070318 Hero Protagonist
Hero Protagonist's picture

Reminds me of Blazing Saddles: "We're gonna need a shitload of nickles!"

Fri, 10/18/2013 - 16:46 | 4070141 buzzsaw99
buzzsaw99's picture

#WINNING!

Fri, 10/18/2013 - 16:56 | 4070179 Bay of Pigs
Bay of Pigs's picture

Onward to $18 trillion & BEYOND...where no man has gone before.

Fri, 10/18/2013 - 16:57 | 4070184 Sudden Debt
Sudden Debt's picture

17 CHEERS FOR AMERICA!!!

Fri, 10/18/2013 - 23:20 | 4071183 Fundies
Fundies's picture

Laid end to end, 17 Trillion would stretch to Mars and back.

That's quite a long way.

Fri, 10/18/2013 - 16:47 | 4070142 halfawake
halfawake's picture

.. congress and prez should have to put all that crap on their personal credit cards. then this ish would get figured out real quick like.

Fri, 10/18/2013 - 16:50 | 4070154 halfawake
halfawake's picture

and oh yeah, fu mr. yellen.

Fri, 10/18/2013 - 16:51 | 4070147 PSEUDOLOGOI
PSEUDOLOGOI's picture

* - Ah! the fine print...

 

Fri, 10/18/2013 - 16:48 | 4070148 El Vaquero
El Vaquero's picture

I was waiting to see how much they actually borrowed while cooking the books.  Thanks Tyler. 

Fri, 10/18/2013 - 16:58 | 4070193 Sudden Debt
Sudden Debt's picture

you know... expenses... BUT SIR!!! IOU'S!!! ALL THERE!!!!
AND THOSE ARE PRACTICALLY THE SAME AS MONEY!

Fri, 10/18/2013 - 16:49 | 4070153 azzhatter
azzhatter's picture

Forward

Fri, 10/18/2013 - 16:50 | 4070157 Troncom
Troncom's picture

Why dont you use the proper English definition of a billion. There you go, you now only have a debt of 17 billion.

Fri, 10/18/2013 - 16:50 | 4070159 Make_Mine_A_Double
Make_Mine_A_Double's picture

US$238.00 billion on Thursday alone!

Jebez, I used to think that number itself was 'hyperinflationary'.

Fri, 10/18/2013 - 16:50 | 4070160 Tsar Pointless
Tsar Pointless's picture

Spectacular.

Fri, 10/18/2013 - 17:35 | 4070314 McMolotov
McMolotov's picture

Don't you mean "exceptional?"

Fri, 10/18/2013 - 16:52 | 4070162 hedgeless_horseman
hedgeless_horseman's picture

 

 

Trillions of debt?  At this point, does it really matter?

I am going to harvest this bed of sweet potatoes.  Have a great weekend, everyone!

Fri, 10/18/2013 - 16:54 | 4070174 Tsar Pointless
Tsar Pointless's picture

I love sweet potatoes! Can I buy some from you?

Fri, 10/18/2013 - 16:58 | 4070188 Running On Bing...
Running On Bingo Fuel's picture

I'm sure his price per pound is higher than the price of gold... If he calculates his time correctly.

Fri, 10/18/2013 - 17:03 | 4070205 Jason T
Jason T's picture

pg. 658 in Atlas Shrugged ..in Galt's galch about the breakfast Dangy is about to eat made by the folks who left to the valley..she say's "it's the most expensive breakfast I'll ever eat."

Galt responds "yes, from one aspect.. but from another, it's the cheapest breakfast you'll ever eat-because no part of it went to the looters who will make you pay for it through year after year and leave you to starve in the end."

 

 

Fri, 10/18/2013 - 17:17 | 4070252 Running On Bing...
Running On Bingo Fuel's picture

Point being, 350 million zombies need a lot of sweet potatoes to survive.

Show us your deflector shields. And don't tell me it's a 20 gauge because we all know a sleepy trigger finger makes for an empty garden. And we all have to sleep.

Solution?

Fri, 10/18/2013 - 17:29 | 4070293 SimMaker
SimMaker's picture

The Zombies will do what they always do....Burn their own cities and streets, kill each other.......they wont make it out to the country. They are too fucking stupid.

Fri, 10/18/2013 - 17:37 | 4070303 Running On Bing...
Running On Bingo Fuel's picture

FSA zombies have been trained since birth to steal your caloric output. That's who he needs to worry about. Lots of them live in the Gentelmans Farmer Belt.

Fri, 10/18/2013 - 17:35 | 4070313 10mm
10mm's picture

Solution.Save a round fo your self,always.

Fri, 10/18/2013 - 17:39 | 4070327 Running On Bing...
Running On Bingo Fuel's picture

You spelt yourself wrongs.

Fri, 10/18/2013 - 22:04 | 4071034 stormsailor
stormsailor's picture

125 lb german shepherd. pretty sure he will wake you up if somebody tries to poach the yams

Fri, 10/18/2013 - 17:20 | 4070265 wisefool
wisefool's picture

I stopped paying taxes in 2008. Thanks to a ZIRP I have a combined liability of 17. minus double digit orders of magnitude.

This means I am probably safe from the typical IRS agent who has to take off fancy shoes when they ask me questions.

Youtube : 

IRS (approved) Star Trek Parody

http://www.youtube.com/watch?v=VxU6n4pAnrU

Fri, 10/18/2013 - 17:45 | 4070349 European American
European American's picture

"I stopped paying taxes in 2008."

What?!? I thought everyone who posted on ZH stopped supporting that scam back in the 20th Century?

Fri, 10/18/2013 - 18:24 | 4070478 wisefool
wisefool's picture

touche. I am not as old as I look. but I am as old as I feel.

Fri, 10/18/2013 - 17:34 | 4070309 Running On Bing...
Running On Bingo Fuel's picture

That photo looks like it was taken back on the 22nd of Sept. because of the amount of chlorophyll in the leaves. What do they look like today?

Fri, 10/18/2013 - 17:30 | 4070298 Jumbotron
Jumbotron's picture

When it comes down to eating gold or Sweet Taters....then yeah.....they will be worth more than gold.

Wow...how I LOVE this time of year......Sweet Potato Pie and Pumpkin Pie !

 

 

Fri, 10/18/2013 - 18:38 | 4070460 Jumbotron
Jumbotron's picture

Robo troll alert.  Someone is here just downvoting everything for no good reason.  I mean....come on !!!   Down voting Sweet Tater pie and Pumpkin Pie?

You HAVE to be a douche bag or a bored Goldman Sachs HFT Algorithm.  LOL !!!

FUCK YOU NSA.....CAN YOU HEAR/SEE ME NOW ??????????      

Fri, 10/18/2013 - 16:59 | 4070191 hedgeless_horseman
hedgeless_horseman's picture

 

 

Sorry just enough for our family. 

It is easier than you imagine!

Fri, 10/18/2013 - 17:09 | 4070224 HoofHearted
HoofHearted's picture

I've been out working on the wine today. If you can't grow something edible, at least grow the grapes t omake something that is both potent and potable. Oh damn, I guess you really COULD eat the grapes if you insisted on doing it that way...

Fri, 10/18/2013 - 16:57 | 4070183 john39
john39's picture

dry stacked and cured...  those starches change over to sugars...  excellent.

Fri, 10/18/2013 - 16:59 | 4070195 Jason T
Jason T's picture

Hedgeless is like a real life John Galt.  

Fri, 10/18/2013 - 17:01 | 4070198 El Vaquero
El Vaquero's picture

I dislike sweet potatoes, but good job producing your own.  You grow sweet potatoes and I'll grow potato potatoes.  I've got several brassicas going, lettuce, arugula, and several other cool weather things going now.  I need to go harvest the rest of my chile and pick the rest of my dry beans.  It was a tough year for gardeners in my  area.  First, it was record heat and drought in an area where the sun is already more intense than most other places.  Then the rains came and we had a storm hit with the force of a cat 1 hurricane.  I also just netted some seeds for varieties of melons and squashes that were originally cultivated where I live. Now I'm looking for some winter wheat, barley and maybe some rye.  Oh, and some hardneck garlic.

 

Do you save your own seed?

Fri, 10/18/2013 - 17:05 | 4070213 KnightsofNee
KnightsofNee's picture

You didn't grow that!

Fri, 10/18/2013 - 17:27 | 4070285 Jugdish787
Jugdish787's picture

I have always enjoyed reading your comments.  I love the attitude and the advice!

Fri, 10/18/2013 - 22:13 | 4071059 hedgeless_horseman
hedgeless_horseman's picture

 

 

Thank you for the kind words.  Welcome to the fight.

Fri, 10/18/2013 - 17:40 | 4070326 kaiserhoff
kaiserhoff's picture

Serious question.

Don't you let the foliage dry out, and store the nutrients in the roots,

or is Texas just different, as usual?  Midwest freezes never gave us much choice.

Fri, 10/18/2013 - 17:58 | 4070401 Running On Bing...
Running On Bingo Fuel's picture

Not that I'm calling BS or anything but isn't that a little too green to be Texas?

Fri, 10/18/2013 - 22:16 | 4071051 hedgeless_horseman
hedgeless_horseman's picture

 

 

No.  Everything still looks like Augusta National here right now.  It has been a very wet summer; we'll get a third cutting of hay as soon as it gets dry enough.

Sat, 10/19/2013 - 08:25 | 4071490 Almost Solvent
Almost Solvent's picture

So Georgia?

Fri, 10/18/2013 - 18:11 | 4070446 Mentaliusanything
Mentaliusanything's picture

Aaah Sweet Potato chips, beer battered. Yummy. It may not be a healthy choice but they are sinfully pleasurable.

Fri, 10/18/2013 - 19:55 | 4070746 Jumbotron
Jumbotron's picture

"Aaah Sweet Potato chips, beer battered. Yummy. It may not be a healthy choice but they are sinfully pleasurable."

 

ARE YOU KIDDING ME !!! ???

I never thought about that. 

HHmmmm......<click...clickety clickety click click>

Well.....here ya go !

http://www.mayakaimal.com/recipes/beer-battered-sweet-potato-chips

.....and for those who like their Wedges......

http://www.tasteofhome.com/recipes/beer-battered-potato-wedges

Fri, 10/18/2013 - 20:53 | 4070890 Mentaliusanything
Mentaliusanything's picture

There goes the Diet...... funny how you crave what is denied.

Fri, 10/18/2013 - 19:02 | 4070597 Serfs_Up
Serfs_Up's picture

SWEEEEEEET!!!

Do NOT follow this link or you will be banned from the site!