As Fed Pauses Printing, Total World Debt Tops $100 Trillion

Tyler Durden's picture


If, as Lacy Hunt explains "debt is an increase in current spending in lieu of future spending," then we have some 'un-spending' to do...



h/t @Reinman_MT

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Wed, 10/29/2014 - 13:47 | 5390581 Four chan
Four chan's picture

prosperity is the new debt slave,

Wed, 10/29/2014 - 13:51 | 5390595 Pinto Currency
Wed, 10/29/2014 - 13:56 | 5390614 TruthInSunshine
TruthInSunshine's picture

Krugman ejaculated a little when he saw that chart.

Wed, 10/29/2014 - 13:56 | 5390623 wallstreetapost...
wallstreetaposteriori's picture

Crash and burn.

Wed, 10/29/2014 - 14:30 | 5390839 Save_America1st
Save_America1st's picture

and how many Quadrillion are the derivatives again???

Wed, 10/29/2014 - 16:17 | 5391235 SWRichmond
SWRichmond's picture

The purpose of the derivatives pile is largely to make the risk on the rest of the "real" debt seem hedged.  It's leverage on top of leverage.

Thu, 10/30/2014 - 10:34 | 5393567 dontgoforit
dontgoforit's picture

If I just had a dollar for every trillion underfunded...

Thu, 10/30/2014 - 13:23 | 5394487 bob_stl
bob_stl's picture

Trillion, shmillion...

Wed, 10/29/2014 - 14:12 | 5390729 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Can we make Mr Krugman the new clipboard greeter for Air Ebola? There's gotta be some Keynesian broken window bonus in there somewhere.

Wed, 10/29/2014 - 15:54 | 5391158 Murf_DaSurf
Murf_DaSurf's picture





OK, Lets call it even and start over!

Wed, 10/29/2014 - 20:24 | 5391886 VegasBob
VegasBob's picture

Just a little? I would have thought Krugman would have had a comic orgasm over that much debt!

Wed, 10/29/2014 - 14:09 | 5390709 smacker
smacker's picture

That Bloomberg article was May of last year.

Anyway, what's a cool $100 trillion between friends.

It's a rounding error I tell yer ;-)

Wed, 10/29/2014 - 15:55 | 5391164 cnmcdee
cnmcdee's picture

Derivatives are even higher I think $600 Trillion or was somone peddling some Quadrillion figures around..?

Let me see I will hypothecate a future value of your slave labor, your assets, your earning potential, how well your misses can give me a BJ, and create a contract based on it and call it a DERIVATIVE.

Because that is exactly what these bastards did inflated the currency, inflated the debt, and created Quadrillions in bogus derivative contracts that they sold to each other.

It was like trying to play a game of monopoly and someone keeps slipping $500 notes into their pile..



Wed, 10/29/2014 - 13:58 | 5390629 stinkhammer
stinkhammer's picture

END THE FED; arrest them, cancel their charter and wipe the illegal federal reserve debt

long rope and lightpoles

Wed, 10/29/2014 - 16:11 | 5391211 booboo
booboo's picture

"Get to work Mr. Yellen"

Wed, 10/29/2014 - 14:05 | 5390583 hedgeless_horseman
hedgeless_horseman's picture



As The Fed pauses printing Permanent Open Market Operations (POMO)...

Fear not, bankers!  The printing will continue, until the economy improves (or implodes...whichever comes first).

This time, only insiders will know when and how much. 

This ought to be good!

There has never been a better time to be a congressional staffer and day trader!

Wed, 10/29/2014 - 15:57 | 5391167 cnmcdee
cnmcdee's picture

That rocks!!

You should of photoshopped in some cheese grill dripping out her mouth or something love it!

Wed, 10/29/2014 - 13:50 | 5390584 khakuda
khakuda's picture

Only the Fed is pausing for a little while. Everyone else is doubling down. That chart will keep growing or there is no growth and politicians can't deal with that.

Once you start screwing the nanny, you don't stop until you are forced to.

Wed, 10/29/2014 - 14:01 | 5390644 Bell's 2 hearted
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or till the babysitter shows up ... in a tight skirt

Wed, 10/29/2014 - 13:50 | 5390591 Dr. Engali
Dr. Engali's picture

Pfffftttt.... If Japan has taught us anything, it's that as long as you can roll it over, you can continue to borrow. Now somebody loan me $1000 for this month's mortgage payment. I've got a flatscreen to buy. 

Wed, 10/29/2014 - 14:07 | 5390699 sun tzu
sun tzu's picture

Take a look at their stock market the past 25 years. Also they aren't constantly engaged in wars and don't have a shitload of illegals and freeloaders leeching off the system

Wed, 10/29/2014 - 14:52 | 5390932 Dr. Engali
Dr. Engali's picture

You don't have a very good sarcasm detector do you? 

Wed, 10/29/2014 - 18:06 | 5391539 shovelhead
shovelhead's picture

I do a periodic battery check.

I use old school AA's

I don't have a fancy iSarc app.

Wed, 10/29/2014 - 13:49 | 5390592 Amish Hacker
Amish Hacker's picture

And how does total world debt stack up against total world assets? Spoiler alert: you don't want to know.

Wed, 10/29/2014 - 13:52 | 5390598 Dr. Engali
Dr. Engali's picture

We still have the moon we can re-hypothicate.

Wed, 10/29/2014 - 13:56 | 5390624 Billy Sol Estes
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I heard it lost value after CHA was carved into it.

Wed, 10/29/2014 - 16:00 | 5391178 cnmcdee
cnmcdee's picture

Dibs on Mars!

Wed, 10/29/2014 - 13:49 | 5390594 Stoploss
Stoploss's picture

Esplain usef Lucy...

Wed, 10/29/2014 - 13:53 | 5390600 LawsofPhysics
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The earth is abut to re-learn the dangers of printing infinite paper/digital claims on real good and services that simply do not exist.

Thu, 10/30/2014 - 10:36 | 5393582 dontgoforit
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Hell on Earth.  What a movie script.  Not a script?  The real thing?  Oh shit...

Wed, 10/29/2014 - 13:53 | 5390607 firstdivision
firstdivision's picture

Movement in Vol is interesting before the FOMC release

Wed, 10/29/2014 - 13:56 | 5390615 Bell's 2 hearted
Bell's 2 hearted's picture

what did liesman say? ... consumer debt is a bridge to ... Sage Kelly lifestyle?


i'm in

Wed, 10/29/2014 - 13:55 | 5390616 Rouge Trader
Rouge Trader's picture

yes seems like a rally might be in the works. 

Wed, 10/29/2014 - 13:55 | 5390620 Doubleguns
Doubleguns's picture

100 trillion. Why not just make it 100 quintillion. It wont be paid. 

Wed, 10/29/2014 - 14:02 | 5390656 tawdzilla
tawdzilla's picture

If you include off balance sheet liabilities, its probably closer to $100 bazillion.

Wed, 10/29/2014 - 14:13 | 5390727 Sages wife
Sages wife's picture


Wed, 10/29/2014 - 14:48 | 5390914 HamRove
HamRove's picture

Hillary makes at least half a Kaboom-billion per speaking engagement. Of course all that money goes to the charity of her choice....The Clinton Global Initiative. 

Trust them, it's all for a good cause. Free wifi and phones in Africa........n shit.  

Wed, 10/29/2014 - 15:58 | 5391174 cnmcdee
cnmcdee's picture

Can we pay her in Zim-Bucks?

Wed, 10/29/2014 - 14:27 | 5390822 agent default
agent default's picture

Throw in the OTC market then it interesting.

Wed, 10/29/2014 - 13:57 | 5390621 venturen
venturen's picture

Heck the US is on the hook for $120 Trillion alone! Is that net debt? Or just total debt?

Wed, 10/29/2014 - 14:17 | 5390761 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I've got to ask myself: debt to whom? If we follow the GAAP, doesn't one liability become someone else's asset? 

Who does #2 work for?!


Wed, 10/29/2014 - 15:05 | 5390971 honkadoo
honkadoo's picture

Yea you show that turd who's boss!

Wed, 10/29/2014 - 13:59 | 5390622 jarana
jarana's picture

The toal area bellow that curve, divided by US workforce population, is the mean productivity needed for repaying the debt and start working for your own accumulation in [USD trillions/(year*person)].

Leverage the beverage.


Wed, 10/29/2014 - 13:59 | 5390640 petkovplamen
petkovplamen's picture

So, has the market reacted yet?

Wed, 10/29/2014 - 14:01 | 5390653 ejmoosa
ejmoosa's picture

Someone's gonna pay.  Who's it gonna be?

Wed, 10/29/2014 - 14:58 | 5390953 risk-reward
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Best comment I've seen on ZH EVER !!!

Wed, 10/29/2014 - 15:20 | 5391032 PrecipiceWatching
PrecipiceWatching's picture

I've asked a variant of the same question ever since I joined this Site:


Who specifically is NOT going to get paid, and what exactly are they going to do about it?


The money simply isn't there.... or anywhere.....

Thu, 10/30/2014 - 10:42 | 5393590 dontgoforit
dontgoforit's picture

That's why Gughenheimer invented the first Fed printing press.  So the Bible of Money & Derivatives could be mass produced.  And you know what the last three words in the Bible of Money & Derivatives are?  "Get the money" - quote attributed to some money-changer named Krugman, I believe.

Wed, 10/29/2014 - 14:01 | 5390654 kurzdump
kurzdump's picture

That's just debt. It is an abstract tool used to implement a global power structure. The higher the debt, the more complex the (hierarchical) power structure. Reducing complexity is not an option as it automatically causes damage to the power structure.

The day the 'debt bubble' bursts, the 'power structure bubble' will burst as well.

Thu, 10/30/2014 - 10:43 | 5393598 dontgoforit
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And nature just abhors a vacuum.

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