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Fiscally Irresponsible?

Tyler Durden's picture




 

"Can you believe how fiscally irresponsible 'those' other guys are?"

 

 

Source: Investors.com

 

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Wed, 08/26/2015 - 15:55 | 6474526 2thepeople
2thepeople's picture

I dont know if anyone is held responsible for anything anymore

Wed, 08/26/2015 - 16:01 | 6474554 Big Corked Boots
Big Corked Boots's picture

If 'they' want something you have, you are responsible.

Wed, 08/26/2015 - 16:09 | 6474592 Leopold B. Scotch
Leopold B. Scotch's picture

re: I dont know if anyone is held responsible for anything anymore

you don't know my wife.

Wed, 08/26/2015 - 16:58 | 6474852 BandGap
BandGap's picture

Yes, we do.

Wed, 08/26/2015 - 17:04 | 6474878 Kprime
Kprime's picture

she's very irresponsible, married you didn't she.

Wed, 08/26/2015 - 16:02 | 6474556 KnuckleDragger-X
KnuckleDragger-X's picture

Being responsible requires being an adult and there are far, far too many grown up children demanding their diaper be changed and more tit from mother government.....

Wed, 08/26/2015 - 16:40 | 6474762 Right-on Left-off
Right-on Left-off's picture

Back during the Great Depression, the Oakies and Arkies called those people 'Tity Babies'.  It was many a time I heard ... don't be a tity baby!  Out loud.  Of course I was never referred to in that way.

Wed, 08/26/2015 - 17:20 | 6474953 toady
toady's picture

I remember hearing that from my grandparents all the time. Want a glass of water? Tity baby!

Wed, 08/26/2015 - 16:11 | 6474624 Comte d'herblay
Comte d'herblay's picture

You need to revisit 2008- and counting.

All those men in those companies who created and sold MB.S.'s, the invention of Lew Ranieri, and trilliion dollar bonus baby for Joe Cassano, were able to get Ben and Timmay, now J Yell, and J Lew (all Zionist Jews) to 'repay' them AND added another couple trillion for good measure to their Savings accounts.

Zero Sum?    What is that?  A treat from the San Hing restaurant in Hong Kong? 

Wed, 08/26/2015 - 17:18 | 6474944 MSimon
MSimon's picture

Why leave out Warren Buffett? Do you have to be a MOT to be doing that stuff?

Thu, 08/27/2015 - 06:24 | 6476590 Comte d'herblay
Comte d'herblay's picture

Buffet's company was never in jeopardy.  Yes, he and many others, NOT zIONISTS, got to exploit the orders from on high. Butt, Who pulled those strings to assure that the vast majority of the Wall Street mafia were made whole and added another QUADRILLIION for good measure?

A very few Zionists, and when I look at the names, there are few gentiles, per capita.

Wed, 08/26/2015 - 16:03 | 6474565 froze25
froze25's picture

No one that would really matter hence Hillary and Bill are not behind bars and niether is Dick Cheny or Bush Sr., the CEO and Board of Monsanto, Corzine, Eric Holder....

Wed, 08/26/2015 - 16:07 | 6474583 ebworthen
ebworthen's picture

Just us serfs.  Want gas?  Place to live?  Food?  Lights?  Heat?  "Cough it up you peasants!"

Wed, 08/26/2015 - 16:10 | 6474588 Leopold B. Scotch
Leopold B. Scotch's picture

Alas, that man can hold twice that.  Just ask Krugmaniac.

Wed, 08/26/2015 - 16:54 | 6474832 City_Of_Champyinz
City_Of_Champyinz's picture

Well usually nowadays the quisling who falls on his sword for the boss is 'held responsible'...

Wed, 08/26/2015 - 21:03 | 6475766 Elliott Eldrich
Elliott Eldrich's picture

So answer me this: If you have a debt-based fiat currency system in place, where privately owned banks are allowed to create currency out of thin air and then lend it into circulation, with the full expectation of being repaid with interest, how exactly is any country supposed to not have a massive national debt? If all debt were repaid today, there would be no money left in circulation, not even a penny. Perhaps the problem isn't "responsibility" or "reckless spending," perhaps the problem is that we're playing a terminally rigged game that is designed to be impossible to win.

Wed, 08/26/2015 - 15:55 | 6474527 Dr. Engali
Dr. Engali's picture

Debt is good.

 

I'm Paul Krugman the banker whore, and I apporoved this message.

Wed, 08/26/2015 - 16:39 | 6474561 Save_America1st
Save_America1st's picture

Fox Biz dude basically just called today a massive circle jerk and that this is a "perverted market".  lol 

So Fed comes out today and basically calls off any thoughts of a Fed rate "hike" of a fraction of a point (gee, big fucking surprise)...and all the monetary heroin addicts flooded back into the crack house!

They think today was some kind of "big win"...what a bunch of douche bags.

Silver phyzz is still on sale though, folks, so that's a good thing.

But have you checked those premiums lately?  How 'bout those delivery dates, huh????

Shit's gonna really hit the fan in September.  What has happend over the last 5 or 6 trading days was just a "trailer" for the BIG SHOW in September/October.

 

**it was Charlie Gasparino....couldn't remember his name earlier.  But he's extremely unimpressed, which I was shocked to hear.  Peter Schiff was on there earlier and he destroyed this circule jerk as well.

It's all just a manipulated casino club...and you ain't part of it.  That's all you need to know.  But you can always be a stacker.  Don't ever forget that.  Phyzz ain't paper and paper ain't phyzz. 

Wed, 08/26/2015 - 18:47 | 6475266 delacroix
delacroix's picture

northwest territorial mint, lowest premium, .75 over spot, but 10 weeks for delivery.    provident has been pretty fast, but $1.64 per oz premium on generic rounds.

Wed, 08/26/2015 - 16:03 | 6474562 pods
pods's picture

It is good if you run the system. Cause we all know the system needs more and more debt each year.

If the USA could not export most of it's created debt, things would have imploded a long time ago.

Debt and growth.  Debt and growth.

pods

Wed, 08/26/2015 - 16:37 | 6474753 NoDebt
NoDebt's picture

Debt is good as long as somebody else has to pay for it.

Look at the person to your left.  Now look at the person to your right.  Those are the people who are going to hand you their debt.  I think you're good for it.  In any case, they know they sure as shit aren't.

Wed, 08/26/2015 - 15:55 | 6474530 kevinearick
kevinearick's picture

Naval Intelligence

 

What you might want to know about me is that I grew up in Naval Command, Pacific Fleet, beginning at age 9, watching Vietnam unfold, ugly, and ultimately spent 25 years on various strategic planning initiatives, line of sight on the command side, or tip of the spear on the civil side, run by accountants like McNamara, watching one row of shark teeth after another come and go. Line of sight is knowing who and when to kill.

 

Seals behave the way they do because they are several layers downstream from cause. The last thing politicians want is an individual loose cannon with better talent and skills than anyone they have, because at that point the size of their military doesn’t matter, the probability of which Family Law is designed to eliminate, which is why the military that wants to win implicitly ignores it.

 

I am a military operation; the empire is a system, with nation/state misdirection; and you don’t want to kidnap some people’s children. Capitalism, socialism or communism, it’s all the same bullsh to me. Economics is just preparation for physical war, isolating the target. Friends and enemies are an illusion. You work with what you have, to move forward, when you get there. For every empire force, there is quantum reversion.

 

I still have people calling, wanting to hire me for 6 figure jobs, but the State would rather play cat and mouse, with the wrong guy, creating and responding its own threats. As for me, I have complete faith that the politicians/businessmen/feminists will strangle themselves, chasing an electron, into the electronic rabbit hole of their own construction.  

Wed, 08/26/2015 - 16:05 | 6474570 khnum
khnum's picture

As Stalin would say the Federal Reserve how many divisions do they have,answer that question and you have all you need to know on Government.

Wed, 08/26/2015 - 18:09 | 6475147 kevinearick
kevinearick's picture

“That is a myth, encouraged by the Russians themselves, who would prefer that no one discover who they really are or how they really live.”

Wed, 08/26/2015 - 15:59 | 6474549 dontgoforit
dontgoforit's picture

We won't care until we have to.

Wed, 08/26/2015 - 16:05 | 6474572 Question Reality
Question Reality's picture

Conveniently too late at that point.

Wed, 08/26/2015 - 17:44 | 6475041 Shad_ow
Shad_ow's picture

Those of us who know care. 

We just won't do anything until we have to.

Wed, 08/26/2015 - 16:04 | 6474564 Kickaha
Kickaha's picture

The cartoonist should of put a few kernals of partially digested corn, and maybe some peanut bits and tomato seeds, in that burden on Uncle Sam's shoulders.

Wed, 08/26/2015 - 16:06 | 6474576 Implied Violins
Implied Violins's picture

Right idea.

Wrong location.

Wed, 08/26/2015 - 16:10 | 6474607 davidalan1
davidalan1's picture

19 trilliion in  debt....a POTUS that plays 1100hrs of golf ....flies off on a jumbo jet for two week vacations..

sending 150 billion to iran, two trilliion on iraque..largesse spending on everytihing...

I dont get the insanity of it all...put him in a cub cadet with the wife gurls for short trips.. trips

Wed, 08/26/2015 - 16:18 | 6474669 JustObserving
JustObserving's picture

Re: 19 trilliion in  debt.

It's more like $210 trillion

Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget.  How bad is it?  Kotlikoff says, “I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year. Almost all the liabilities of the government are being kept off the books by bogus accounting.  . . . The government is 58% underfinanced . . . . Social Security is 33% underfinanced . . . . So, the entire government enterprise is in worse fiscal shape than Social Security is, but they are both in terrible shape.”  So, how much is America on the hook for in the future?  Kotlikoff contends, “If you take all the expenditures that the government is expected to make, as projected by the Congressional Budget Office (CBO), all the spending on defense, repairing the roads, paying for the Supreme Court Justices’ salaries, Social Security, Medicare, Medicaid, welfare, everything and take all those expenditures into the future . . . and compare that to all the taxes that are projected to come in, and the difference is $210 trillion.  That’s the fiscal gap.  That’s our true debt.”

http://usawatchdog.com/financial-system-will-collapse-just-a-matter-of-w...


Wed, 08/26/2015 - 16:14 | 6474635 lasvegaspersona
lasvegaspersona's picture

Not to belabor the obvious but the only reason we have not had hyperinflation in the dollar....the only one and it is not petro dollar 'use'...is the fact that countries and other entities hold treasuries as reserves and as a wealth asset. If this single theme comes into question the entire global monetary system will collapse perhaps quite suddenly. The biggest holders (besides Japan) are divesting, the Chinese, the Saudis...it could only take one panicked  moment for a group of 'evil speculators' to start the avalanche that wipes out the village below...the one where we live.

Wed, 08/26/2015 - 16:19 | 6474679 Mike Honcho
Mike Honcho's picture

Don't worry PR, the IMF has some worry free 0 down loans for you.

Wed, 08/26/2015 - 17:10 | 6474908 homebody
homebody's picture

Atlas Shrugged - September????

Party on all you sheeple.  The meek shall inherit the earth - the poor self reliant goat herder will not feel a thing, the rest of us will die.

 

Wed, 08/26/2015 - 17:19 | 6474949 kchrisc
kchrisc's picture

I didn't sign anything, so this is not my debt.

This is the debt of those that voted "aye" in Congress, those that signed the "aye" into "law," and those that implemented the "law." I  had no hand in either of those things.

And being that the banksters funded the fiat-debt fenced (loaned) to the DC US with wealth stolen from the American people, it is they, the banksters, that really owe us, the American people. Sorry grifters.

Zion is a scheme, not an ethnicity..

 

My lawyers at AK, AR, and Glock concur.

Wed, 08/26/2015 - 17:44 | 6475054 Grandad Grumps
Grandad Grumps's picture

Lloyd's god's (aka Satan's) work. Let us not forget that the Bible tells us that Satan is the ruler of this world(he offered the world to Christ if he would only bow down to him) and so those who are administering to this world are doing his work. The banks run the world and Lloyd is a powerful banker.

Wed, 08/26/2015 - 17:45 | 6475060 rejected
rejected's picture

Every Con-gress from 1913 until today are responsible for the mess. Today's Con-gress even more so,,, they don't even discuss the debt insanity anymore.

And who elects the Con-gress?

Wed, 08/26/2015 - 19:54 | 6475504 franciscopendergrass
franciscopendergrass's picture

Its nice to see a non-neocon, non-partial cartoon by Ramirez.

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