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Total US Debt Soars Over $17 Trillion
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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Nice, healthy leaves HH, are you using silicon dioxide to fight powdery mildew???
No. Our only pest control this planting has been the chickens for insects and the hot wire for the zombie deer horde.
Started 3" sprigs in the aquaponics tanks and grew 15' vines in less than 3 weeks. Transplanted them to soil and they are still growing like mad and setting 'taters. Many happy harvests...
Glad to hear it. Where did you get the 3" slips? Did you sprout them yourself using sections of last year's sweet potatoes?
Some were from last years harvest and some from a local farm, I just leave the whole potato intact. Let them sprout, break them off when a couple inches long and bury in the grow medium. When I pull them out of the beds they have white roots and pink tendrils where the nodes form to start the potatoes. I replant them in a 'bunker' of composted material and soil where it's loose enough for them to easily start growing. I have also used white buckets that have the bottoms cut out and are buried halfway in the ground. When ready to harvest, you simply pull the bucket over on it's side and you have a bunch ready to harvest. Also, some plants stay in the beds and I pick the younger, dark green leaves for salads. They are kind of peppery and crunchy and add a lot of character to a salad...
Madness
Only
Aggravates
Reason
Collapso ab Purposo.
Welcome to bizarro world where:
numbers mean nothing
laws mean nothing
words mean nothing
fundamentals mean nothing
....until one day, please let it be soon, they do.
Think of it this way, they just mean different things than you remember.
So true. I spend most of my day watching whats going on in the world and just keep shaking my head and asking myself, "is it just me?"
wow, i've had the same thought. maybe i'm in the fantasy world and everybody else is in reality.
We have to learn to work together. We cannot manage by crisis. One nation under God, Indivisible and fool me once shame. Wait. Let me start again. I pledge allegiance to my dear bebe. Wait. Teleprompter problem.... Wait.
It's good to be king.
Wait till Jan...we don't need no stinking debt limit
Ding ding ding. We have a winner!
Tell him what he's won Alex......a lifetime of work in the gulag to pay off your national debt. You do want to be a patriot right?
USA - WE'RE #1!!
1/3 OF ALL DEBT IN THE WORD!!!
Lucy would be so proud...
hypothetical question
if there was no resistance from TPTB how would a smooth transtion from fiat currence to PM backed money go?
" ... how would a smooth transtion from fiat currence to PM backed money go?"
Can not be done, there has to be losers. Somebody has to pay the piper.
Those holding fiat money will lose their savings.
That escalated quickly!
- Ron Burgundy
Imagine the excitement mixed with the fumbling of a button-fly when they finally were able to squat and drop this 3-month baked turd in the punchbowl.
So what? Did somebody expect a different outcome? It has to grow exponentially, otherwise GAME OVER.
Debt has doubled every 7 years for the last 5 decades. The next doubling needs to take us to 104 trillion- consumer and governmental debt by 2015.
Otherwise the fractional reserve system collapses and with it all the seed money- 401k, savers, IRa etc... If wages don't rise accordingly... Meanwhile the plebes are selling off their gold for cash.
Rule of 70 - 10% anual debt growth? OMG.
Well, maybe we can call it "sustainable growth" and get back to partying.
The Fed just saving the world it says.
what you don't know is that all that money was invested in Goog/Amzn/Fb/CMG/Yelp/FSLR/etc. and that os exactly how much market cap these added on today. Winning:)
SAVED!
Or so the radio told me.
18 the legal limit.
What did you mean when you said that nothing good could last FOREVAAAR?
What did you mean when you said that nothing good could last FOREVAAAR?
We'll hit $18 trillion by February. Banking on $20 trillion by election time.
From here on out the numbers for everything are going to be absurd.
Unless Operation Vote All The Fuckers Out succeeds next year, America is 100% done.
If you don't have a plane ticket to somewhere other than America shortly after election season next year, you aren't ever getting out. If the Democrats take back the house and gain more control in the Senate, the game is over. Every illegal will become a citizen and the inbound gates will be swung wide open. When the inbound gate opens it will cover up and shut the outbound gate, nobody will be allowed to leave.
Unless Operation Vote All The Fuckers Out succeeds next year, America is 100% done.
And what would that really do?
You don't think there's a line of douchebags waiting in the wings to replace the current crop?
The problem is that when the tap gets shut off, the free shit army is gonna go apeshit. With a 30 second memory, they'll blame the shut off on the responsible adults rather than on the politicians of the last 30 years who shipped the jobs off shore and raised the debt to make up for the losses.
It ain't gonna be pretty. No wonder the police and dhs are going full blown military hardware. They know what is coming, and the medias job is to keep everyone as distracted as possible until said time. Like a rat trap closing, the changes will bite the vast majority of Americans. Shit, it is happening right now. 50 million on ebt tells the real story.
I don't see a whole lot of other realistic possibilities. Maybe we can be stupified enough to just slowly whither away. After the EBT's gone, there's always Soylent Green. :(
Free Shit Army....epic.
Those 50 million on EBT are raising the price of food exponentially.
Specially nutritionally rich foods like Doritos, Gummy Bears and ice cream.
America is done, even if Ron Paul became president and all of us here on ZH became senators tomorrow. This thing is beyond repair.
+100
Yup, came to say the same thing.
This fight is over. Your attention should be focused on what comes after. You know there's a crew out there somewhere with a sexed-up communist manifesto that's going to appear in the smouldering rubble with promises. Our work is to expose them as the people who got us into the mess.
Looks good from here.
Obama is going to have a tough time getting to mid-terms
thanks for fucking the nation Barry - you fucking asshole!!!!
Yesterday I made a huge long term bet against this brain trust, I sold my healthcare related and health tech related and went into GDX.
I bought a few more twenty pound bags of rice.
The Vampire Squid says(Channeling Elvis): "Thank you very much!"
oh you mean the one that Washington 'admits' to...not the real numbers provided by out-of-the-loop economists!
Meh. That's only $118 000 per employed person. No big deal.
YES WE CAN
YES WE CAN
YES WE DID!
There corrected it der ya!.
Hello everyone this is the guy you all seem to know everything about or something you even know what songs I listen to where I shop ect I am wondering is there some site up that you all go to, to get this information on me. I seem to have a bunch of hackers on my system monitoring everything I do, just wondering where you all keep getting information and made up information about me from. Also does anyone know who is actually doing this? Is it just normal hackers, google people due to my having used their search engine to rant in or is it bored government people. I thought google at first but from some various comments over time I'm leaning towards just garden variety hackers ect.I also find it strange how stuff I write into notebook on my pc get's mentioned. Can someone give me a link or something just wanted to check it out.
Any links would be much appreciated thanks. I am also wondering who ever is behind this what is your beef with me? To go to so much trouble to harass someone seems pretty excessive even going as far as hacking their system illegally but that really doesn't bother me to be honest it is what it is, just wondering what your axe to grind with me is, since I've personally done nothing to any of you just rant on google agree or disagree with some political poisitions this whole thing seems rather exsessive but I guess you seem to be enjoying yourselves.
VillageIdiot: This is NSA. We're doing this to protect you. Now, shut up and pay your taxes.
doing what exactly? Protect me from what? I only owe 600 or so. Does protecting me include harassing me? I doubt you are from the NSA as I am sure they have better things to do than harass me, so I'm wondering if you can give me the link you seem and so many other people seem to be getting their information from.
doing what exactly? Protect me from what? I only owe 600 or so. Does protecting me include harassing me? I doubt you are from the NSA as I am sure they have better things to do than harass me, so I'm wondering if you can give me the link you seem and so many other people seem to be getting their information from.
Protecting me from what exactly? Can you protect me from the hackers who even post what I write on their link from whatever I write in notebook? Are you guys editing any of that by the way, are you the ones doing things like changing my icons or things like renaming programs or starting ones I never clicked on? I doubt the government would bother doing stuff like that to a meaningless nobody like myself so I am assuming you're part of the hacker group targetting me. I am wondering why you keep bothering me, I mean honestly what have I done to any of you to make you so obsessed with me. I don't care that much that you hacked me whatever it is what it is, but I am just confused why you keep going with your grand jihad against me. Once again what are you protecting me from? I'm not in danger of any kind. Can I get a link to the site you seem to be getting your information from about me thanks.
Protecting me from what exactly? Can you protect me from the hackers who even post what I write on their link from whatever I write in notebook? Are you guys editing any of that by the way, are you the ones doing things like changing my icons or things like renaming programs or starting ones I never clicked on? I doubt the government would bother doing stuff like that to a meaningless nobody like myself so I am assuming you're part of the hacker group targetting me. I am wondering why you keep bothering me, I mean honestly what have I done to any of you to make you so obsessed with me. I don't care that much that you hacked me whatever it is what it is, but I am just confused why you keep going with your grand jihad against me. Once again what are you protecting me from? I'm not in danger of any kind. Can I get a link to the site you seem to be getting your information from about me thanks.
Go SERIOUSLY keynesian (and not in half measures) Print 2 trillion more dollas, repay the chinese..save on interest on long term debt. (they'll just build more empty housing for their mandarin mistresses with it anyway. American companies can benefit from the construction boom in some way too.
As even Mike Maloney has shown in his latest episode of "Hidden Secrets of Money," the constant build up of national debts is inherent to government systems. Did no one get that? If removed, which piece of that system ends that scheme?
Eat your Peas and Bananas AND LIKE IT!!..
And oldie but goodie..YOUR GONNA LOVE THE CHANGE and we havent seen anything yet:
http://www.youtube.com/watch?v=TW9b0xr06qA
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.
NO, we just eat the skin also,where most of the good stuff is,and I am sure glad we are doing things DIFFERENT as usual.
It is truly incredible to see the speed of which the US is accumulating debt. And the EU and Japan isnt all that far behind. This is going to get really really really bad. Once they loose control of the interest rates the shit will truly hit the fan.
US Dollar weekly chart looks very weak now with today's close below MA200. Peter Degraaf has produced a set of very interesting charts which we would like to share with you today. Gold is at the very important juncture now and when Jim Cramer is talking about "U.S. as a laughing stock around the world" the "serious investment" public will take notice. http://sufiy.blogspot.co.uk/2013/10/peter-degraaf-dont-miss-out-on-these.html#
Fuck Jim Cramer and his love for the Marxist assholes !
Yes you know it's bad when even Cramer is saying we're a laughing stock and to buy gold & foreign currencies!
So we exceeded the "debt limit" but didn't default. Literally robbed Peter to pay Paul. And now we took a cash advance on the vise to make Peter whole.
What a bunch of kabuki theater.
There are CEOs in jail and bankers who should be for doing the same damn thing.
Its posts like this one where I really miss francis_sawyer
~~~~~~~~~~~~~~~~~
Nobody fucks with the FREE SHIT ARMY!
Nobody!!!
Raytheon begs to differ.
So we've been wondering what was the debt ceiling raised to? It's only been said until February...
So... what?
I wonder when China will come to the realization that they're holding a bunch of worthless paper backed by a spendthift government?
I think they are realizing it since they're stockpiling gold and buying skyscrapers in NYC.
Maybe they bought 1 Chase to see what's really in the vault? Otherwise, it seems like a stupid investment to me. Gold yes, skyscrapers, not so much.
Can some democrat explain to me please as we soar through $ 20 Trillion and rates back up what happens?
Somebody needs to be held accountable! !!!
http://m.youtube.com/watch?v=divPZDl0we0&desktop_uri=%2Fwatch%3Fv%3DdivP...
So they were basically over the debt limit all the time, but the usual accounting gimmicks kept it below...
Fraud on a grand scale, why any country should have belief in toilet roll dollars is anyone's guess, but of course they again are not playing with their own money!
Any bets that the Treasury is going to be issuing debt hand-over-fist come December and January - before the 'next' debt limit battle?
ita all good. Obama just got an American Express black card with no limit baby! No worries!
$17 trillion in debt and the Federal Reserve has to print $85 billion a month otherwise the interest rates likely double on the interest on the debt.
Totally fubar. Thanks once again to Bernanke and Obama ... Dumb and Dumber.
"... Thanks once again to Bernanke and Obama ..."
Please don't forget to also thank Alan Greenspan and read his new book: "How I Totally Fucked UP the United States Economy".
Including previews of Tim Geithner new book "Idiot's Guide to Using TurboTax"
$128,000 per worker give or take a dollar or two.
"I'm not worried about how high in price gold is going, I'm worried about what the world around us will look like when it gets there." --Dave in Denver
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.” ? Alexis de Tocqueville
Brother, Can You Spare a Dime
https://www.youtube.com/watch?v=eih67rlGNhU
To hell if I'm going thru this. Just one more year or so and I'm off the grid,
So your share just got bigger. Good luck.
U must be fucking kidding me WTF WTF WTF WTF
Federal workers to get raise in Januaryhttp://money.cnn.com/2013/10/18/news/economy/federal-worker-raise/index....
"Federal workers to get raise in January"
That's nothing compared to: why are there 400,000 civilians "working" at the Defense Department?
Can you imagine 400,000 people masturbating all day long?
Holy smoley buy me a burger.
did you know?
Your FEMA-CAMP nextdor
Before the collapse u will be killed:
USA: FEMA-Camps + 1,6 billion bullets
http://homment.com/fema-camps
A trillion here and a trillion there and pretty soon you're talking about surreal money.
Once interest rates start going up, all hell will break loose with that amount of debt.
If you check out "Debt-to-the-Penny.com" (which is part of the US Treasury Direct website) you will see that the total US debt was hanging around $16,747,000,000,000 for months. Overnight--since yesterday--it spiked to $17,075,000,000,000, a difference of (around) $328,000,000,000 ($328 BILLION for those that have developed vertigo from all the zeros.) That should take care of what Uncle Sam has been spending for the last few months, since about May. Watch it zoom heading into the turn of the year, prior to the next set of budget "negotiations."
Hey.....at least spending is declining.
Congress will pass a law that says debt does not matter. That willl fix everything. Kind of like if a meteor were heading towards Earth they would pass a law saying it is illegal for meteors to hit the Earth. That will save us all. I'm glad we get to serve on our knees to these rocket scientists. What a great batch of smart.....no intelligent.....no wise people they are. Bless their souls.
Economists are almost always not real scientists. They are political agendas looking for credibility. Much like Phillip Morris medical researchers.
o.c.
great handle!
.
fishing for civilization.
.
http://www.youtube.com/watch?v=tRcjwJCVPrU
Largo with Taj Mahal and joan Osborne
.
http://www.youtube.com/watch?v=ftLGbP8C7DU
Garth Hudson - Garth Largo
.
Mink DeVille - Change It Comes
http://www.youtube.com/watch?v=KQ8wgNYWbio
.
Willy DeVille - Cadillac Moon
http://www.youtube.com/watch?v=DFe4gbVnfBw
.
ji links!
" ... for that ride, in my Cadillac." w.d.
Remember all the crazy people are the ones who want to reign in all this government spending and they need to be dismissed as simply nut job Tea Baggers. That pretty much sticks a fork in the future of the US.
Btw. The farm bill the president needs passed of his three step plan is made up largely of passing funding for the food stamp program. SNAP mfrs. You can't make this shit up.
control of the mind of the other guy,
that is what they call "money". today, every
tom, dick and harry thinks they are
fucking Svengali. sheesh, it won't work.
the universe has other plans is my guess.
Those poor bastards holding the 12 trillion...
So, are commitments to projects in any way related to the debt to pay for them?
Since we have done away with debt limits, we can control spending by judicious use of budgeting..... Wait, what is a budget? And when did we last do one?
Raising the debt ceiling doesn't rise the debt!
Hater!!!
After seeing this, be assured the debt is going higher! Woman Tell About Her EBT Card http://965kvki.com/if-the-walmart-situation-made-you-mad-wait-until-you-... …
You're a little late to the party ZH. Drudge has had this big headline posted for most of the day (as we all know).
RECORD: DEBT JUMPS $328 BILLION IN ONE DAY
What`s everyone complaining about? Starve the Beast and let them print more paper to pay it off. No one on ZH ran that debt up.
At this rate doubling it to 34 trillion is not a problem. Plenty more social programs and spending going forward.
Welcome to the United Banana Republic.
The US keeps doubling it's debt and it's accelerating. Soon enough the Federal Reserve will crash the US dollar.
What if interest rates go up 2%? Oh yeah that's gonna be fun.
Wait, what? This can't be right. Obama said himself that raising the debt ceiling doesn't raise the debt. I demand that ZH removes this false information.
I'm obviously kidding.
"Debt held by the Public"
LOL. I haven't owed anyone a cent since the '80s. Got rid of my credit cards. If I can't pay for the item with the cash in my wallet, then I'm not suppose to have it.
Oh yeah, stopped volunteering my hard earned fiat currency in support the Mafia Fed and their hitmen, the IRS, back then, too.
Life's good on the outside.
17T, 34T, 51T..."What difference at this point does it make?"
Argentina’s national statistics bureau, Indec, announced on Tuesday (Oct. 15) that the country’s monthly inflation clocked in at 0.8% for the month of September. The largest contributor to the inflation rate was a 3.9% spike in the cost of healthcare and clothing.
+
If only that seemed accurate. One alternative estimate for September, as measured by the country’s Congressional Index, which uses data supplied by private consultants, is more like 2.11%. The discrepancy between government and private estimates isn’t new; it’s been growing every month since the beginning of 2013. The IMF, PriceStats, owned by State Street Capital, and economists at MIT all agree that Argentina’s government has been cooking its books to mask higher inflation.
http://qz.com/136152/what-nine-months-of-lying-about-inflation-looks-like/
How DARE you spread such vicious and unfounded anti-government propaganda!
Everyone knows that the statistics on internal inflation put out by the government of Argentina are perfectly accurate and representative of economic reality in that country --- that is why anyone suggesting otherwise, at least in Argentina, is subject to a lengthy prison sentence.
When they find the $2.3 trillion Rumsfeld lost, all will be well.
Never will because those who blew the whistle and had the evidence got to see what a threat level magenta looks like.
After realizing there's no way out of 17 trillion in debt, especially with Pussy John Boehner and the Republican traitors, I've decided to become a Democrat and go all in with supporting immigration reform, money printing, double deficit spending, doubling the minimum wage, voting for all felons, no ID check at polling stations, shovel-ready projects and socialized medicine.
I'm in too.
Good thing increasing the debt ceiling does not increase spending, it's just to pay for what we already spent, thanks for explaining that Barry. The National Debt didn't go up so the interest payment on the debt didn't go up. Thanks Barry.
Keep smiling through
Just like you
Always do
'Til the blue skies
Drive the dark clouds
Far away
http://www.youtube.com/watch?v=iSZJbJ4Mfis
Unpayable.
Untenable.
US Debt clock has now updated ! http://www.usdebtclock.org/