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Chump change when you have a printing press.
I personally have more than that in Zimbabwe money.
Global debt increased from 2.07 to 1.03 million tons of gold. Oh wait, that would be 'decreased'.
and you have just found the solution to the debt crisis.
Simple yet powerful. It doesn't take a million economists too understand that increasing the value of your assets offsets your liabilities,
I am so heading over to eBay to pick up some of those $1T Zim dollars and I will save this fucker! I always knew I should have been a super hero since I was a kid ... now is my moment!
Hey Cooter, The last ones they made were $100 trillion notes. They were officially worth $1 but
sold on the black market for 50 cents.
Why does it say US debt is only 8T?
WHO DOES THE WORLD OWE ALL THIS MONEY TO?
(rhetorical question btw... just want to get the gears turning)
Rhetorical or not it's still a good question.
The global economic system is so sophisticated (a word with the same Greek root as Sophistry)
I've said it before, if the US would just print up 40 or 50 $1 Trillion dollar notes we could pay all our debts off and recapitalize the SS trust fund plus some extra trillions for medicare.
it's only the pesky debt clock.
my first thought was that it was the bathroom scale when my wife steps on it.
i'd much rather that was a race to the bottom.
So if the top 1% get 30% of national income. The 30% of global debt is a $hitload of money.
Basically, the super rich are hoarding dreams, and opportunities from the rest of us. Capitalism may have provided abundent material needs, but the marketplace of 'life affirming experiences', is still very expensive for vast populations.
down with the Ideological State Apparatus.
Me, I would settle for the application of existing laws applied universally across the board regardless of station in life.
While I agree, I must point out we have crossed into the "banana republic" land a while back and there have since been two sets of rules. But I will be citing Orwell if I keep going on, but this does beg a question; will Buffet smell gin scented tears in his final moment?
"gin scented tears?"
In his final moment the old liar much more likely to smell burning sulfur. Any drinks will boil rapidly away
You may only quote Orwell because you KNOW he was right.
They all suck
If only we had hard assets to show for all the debt spent. Like maxing out credit card on strippers.
Uno, dos, tres, quatros!
Oh, the memories ... one of the vices I had to give up moving to Alaska ...
Hard assets ? according to Ben
Yeah, exactly - and like Dick Cheney said: "deficits don't matter" - and his unspoken sequitur explains (obvious to zerohedgers): "as long as you attack and occupy some country out there, that has oil" - yeah, then we can keep printing till kingdom come.
So, ehh - who's next in line to be attacked...?
And all zerohedgers say: "....
Them pesky Persians that won't kick out the Russian engineers so Israel can bomb Bushehr, but, if you choose to believe, will recruit a pot-head whore-mongering used-car salesman from Corpus Christi to contract DEA agents acting as Zeta cartel-members to whack the Saudi ambassador to D.C.?
Sounds solid to me. End of investigation. Case closed.
Back to the grindstone, on to the real mysteries, to find those fucking freaks who keep hacking into the celebrities iPhones.Gosh, I might even get a promotion for solving this!
(soft humming sounds)
<suddenly has a sense of serenity and wanders off>
Iddybidy umdum deeeleedle iddldiddle dum....
yeah, all those extra zeroes sure make toilet paper fluffier.
Tick, tick, tick....
The sound of Bathtub Buffett's tub when no plumber will touch his faucet?
"Have fun funding that"
Don't they already?
It's all paid for.
So, when do the aliens arrive to bail out the central banks? Or are they already here?
and spare me the lizard men and planet nibiru bullshit.
wooo owww oooowwww wooo owww owwwwwwwwit's not bullshit............... hisssssssssssssss
And the Rothscilds smile...;0)
Long Africa, where the WWIII will be fought.
Will it be with Eastasia or Oceania?
Long Africa, where the WWIII will be fought
Ahhhh shit! I just hate snakes et al.,.....,
i'd like to start a bar tab, please...
<I'm drinking with Slewie>
We're gonna need a bigger table.
The US Mint is gearing up to print some quadrillion notes. They have a pic of Komrade Obama on them, a big masonic eye on top of a building shaped like Goldman Sachs, and Warren Buffett has promised he will work real hard and send in extra money. Happy days are back!
thats a f'in number...
maybe ill start drinkin' again...
The good news is: We won the war against the future! Overwhelming victory!
Win the future... WTF
Hooray!The past is safe, paesantry!All hail!
The global debt doubled in a space of 10 years (2001-2011): is this the definition of exponential growth ?
it is the definition of a wet dream for those who can claim the collateral demanded against their debt-fiat-confetti.
There is so much truth in this simple response.
The caveat is that the system of ownership must remain intact. That implies a system of enforcement.
In my mind, the jury is out on that one, but I am just a red neck that reads too much.
I agree. Global fiat 'money' supply has increased seven-fold since 1980. The drop in purchase value led to higher prices which they call economic growth.
OWS doesn't get it?
I think they get it. It doesn't require a position in the industry or fluency in its language to get it.
yeah, they get it...
the woman and i went to a general assembly for occupy________! we wanted to know what these guys were all about...and no, it wasnt about wealth redistribution...man, some of these trolls had me fooled...
they know the're on the tab for 14 trill+, and these kids dont feel they should be stuck paying it back...and they have no intention of doing so....
didnt see any tattooed faced, dreadlock wearin' smelly people either, lot of clean cut kids, and middleaged folks, too...
lotta vets, espeasally from the IAVA and VFW...
and, no, im not going to join them...i think they'll be made examples of what not to do...
this world is sucky...
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