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On This Day In 2016

Tyler Durden's picture





 

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, and when total nonfarm employees in America (133,235,000) are the same as they were in April of 2005, it is quite surprising that economics has not taken on a more decisive role in the electoral debate. But while both candidates may, for their own particular reasons, not want to bring up the slow motion trainwreck that is the US economy now, in 4 years whoever is running for president will not be so lucky, because as the US debt clock shows, assuming current rates of progression, things are about to get far, far worse.

To wit, this is how America will look like in 2016:

  • Total US debt: $22.2 trillion (an increase of over $6 trillion from today)
  • Total debt per US taxpayer: $180,000
  • Debt to GDP: 130% (30% higher than today)
  • Food stamp recipients: 50 million
  • M2: $14.3 trillion (an increase of over $4 trillion from today)

and:

  • Total US Unfunded liabilities of $147 trillion (or $1.2 million per taxpayer)
  • $950 trillion in currency and credit derivatives, margined courtesy of TBTF banks' cash deposits (forget about the return of Glass-Steagall. Ever). That's in the US alone, which means roughly $2 quadrillion worldwide.

Actually, if those numbers do pan out, there very well may not be a presidential election in 2016. So enjoy this one. It may be the last one for quite a while.

Source: US Debt Clock

 


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Sun, 08/05/2012 - 11:55 | Link to Comment NoTTD
NoTTD's picture

Sure there will be. We'll all get together in our individual villages to elect our tribal cheiftan for the coming year.  Or our Tributes.

Sun, 08/05/2012 - 12:05 | Link to Comment dmger14
dmger14's picture

That would be funny as hell if it weren't so sadly true.

Sun, 08/05/2012 - 12:08 | Link to Comment economics9698
economics9698's picture

Mitt Romney will save the day.  /sarc.

Sun, 08/05/2012 - 12:41 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Running 4 prez now in this situation indicates that defacto one would have to be clinically insane.

 

Sun, 08/05/2012 - 13:16 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

So what does the New Manifesto look like? Here looks like as good a place to start the debate as any:

1) Currency controls - what is "earned" in USA stays in USA

2) End The Fed

3) End fractional reserve banking: government to issue currency, not banks

4) New Gold Standard

5) Devolution of taxation to States

6)...(please suggest/argue/comment)

Sun, 08/05/2012 - 13:45 | Link to Comment Michael
Michael's picture

No one actually believes US Tax payers are going to pay back those trillions, do they?

Sun, 08/05/2012 - 14:17 | Link to Comment SheepRevolution
SheepRevolution's picture

No we won't pay our debt. Someone else will.

Sun, 08/05/2012 - 15:41 | Link to Comment Stackers
Stackers's picture

"Deficits dont matter"

Sun, 08/05/2012 - 17:37 | Link to Comment engineertheeconomy
engineertheeconomy's picture

I will gladly pay my share of national debt under one condition:

From now on when the government loans money into the economy expecting that we pay them back the Principle and Interest, they have to print the Princple (marked PRINCIPLE)in GREEN Dollars and print the Interest (marked INTEREST)in RED Dollars. IT'S A MATH PUZZLE. Get it? Or are you too fucking stupid?

Sun, 08/05/2012 - 18:54 | Link to Comment spdrdr
spdrdr's picture

The word is actually "Principal", not "Principle".

Trolls who cannot spell.....

Sun, 08/05/2012 - 22:59 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

No we won't pay our debt. Someone else will.

Odious debt is not our debt. Tell the lenders to send the bill to all current and former senators and representatives that voted for it, the current and all former presidents that signed off on it, and all current and former supreme court justices that gave it their blessing.

For those in the above group who are deceased, the bill can be sent to their estates and descendents.

If the lenders can't collect, too bad. It should have been clear to all of them that governments are high-risk borrowers. As they say in Russia, "tough shitski."

Mon, 08/06/2012 - 00:31 | Link to Comment Bomp
Bomp's picture

"Tough Shitski"

 

Hilarious!

Mon, 08/06/2012 - 10:55 | Link to Comment Astraea
Astraea's picture

Would someone please explain to me why this "debt" has to be paid to anyone.      WHY does something created out of NOTHING have to be paid at all to anyone?       It is NOTHING.      This drives me mad, that people keep talking about this nonsense "debt."     How can there be a debt if it cost those demanding it NOTHING???      Nobody owes these banks anything since it cost the, NOTHING.     Furthermore, everythign these people behind these banks or who own these institutions have in their possession must be taken from them and returned to the People from whom it has been stolen throug the pernicuious and criminal USURY.      I am sick of this subject.      It could hardly be more simple and straightforward.

 

 

Mon, 08/06/2012 - 01:15 | Link to Comment cynicalskeptic
cynicalskeptic's picture

OF COURSE the US will pay off its debt......   the only problem is that when it does so the $US wiill have been devalued so much it'll cost $100,000,000 to buy a loaf of bread.....   If you're willing to inflate the hell out of your currency, NO debt is too large.   And when you're creating money electronically, you don't even have to pay the cost of paper and ink

The Fed's STATED GOAL is an inflation rate of 2-3% (and with the bogus CPI numbers they use , THAT rate is more like 5-6%).   But inflation is a genie that is not readily put back in the bottle......   all this talk of deflation is amusing - the prices are going down ONLY on things you do NOT need - a new house, a new car, big screen TV's.... the little things like FOOD are getting more and more expensive and THAT is what matters.  The current drought should kick food inflation rates into even higher gear this fall.

China and others are decreasing their holdings of US debt - converting paper money into tangible assets (like Australian and South American mining companies, African farmland and long term energy contracts).  The only reason we aren't seeing a wholesale flight from the dollar is that current holders do not want to devalue their holdings further and lose more value....   they're exiting positions slowly.... but meanwhile the Fed has bought over 60% of recent T-Bills at auction   - the US is paying Mastercard with VIsa....   that never ends well.

The Euro is a 'temporary' distraction from far larger problems (eg NONE fo the major currencies are sound - the world's financial system is a Ponzi scheme).  It $US looks 'good' only in relative terms at the moment.  But the truth is we're going to hit the ground and go 'SPLAT' too - it's just going to take a little longer.

Makes you wonder of the currend price suppression of gold and silver is done with the connivance of all involved.... let China buy up physical 'cheap' as a way to 'repay' all the paper debt they hold...... ANYTHING to simply 'buy time' -   'cause otherwise China could cause real problems .....Makes you also wonder if we weren't paying the Saudis for oil under the table in gold after the 70's oil crisis n exchange for supporting the paper $US.......   but the Saudis trusted the banks and left 'their' gold in London - where it's been lent out and sold to China - who's taking delivery''''''    methinks there's going to beb one hell of a stink when everyone wants 'their' gold back

Whatever happens, NO end game scenario is pretty - things are going to get messy.  damn glad I'm near the end of my expected lifespan.

Sun, 08/05/2012 - 13:52 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Those numbers also assume no increase in defense/wars - good iuck with that - either one of these guys will no doubt be looking to pick up another Nobel Peace Prize.

Sun, 08/05/2012 - 15:49 | Link to Comment XenoFrog
XenoFrog's picture

Romney could dismantle the US military, hand over soverignty to the UN, and give away every US asset to the 3rd world and they still wouldn't give him a Nobel Peace Prize.

Sun, 08/05/2012 - 17:17 | Link to Comment illyia
illyia's picture

That whole thing is so twisted that I cannot come up with a coherent response... but I will try.

The US mil will likely get anything they want, they have the guns, and whoever is Pres will need them. The UN cannot made a decision. We are more likely to take over the UN than they are to take over us - if we get that far... And, it has probably come to your amphibious attention that the "nobel peace prize" has been so undermined that it has no meaning.

End rant.

Sun, 08/05/2012 - 21:30 | Link to Comment RiverRoad
RiverRoad's picture

They should move that whole joke of a UN to Yemen where it might actually do the world some good for a change.

Sun, 08/05/2012 - 18:36 | Link to Comment kegman
kegman's picture

6. Write in Ron Paul.

Sun, 08/05/2012 - 14:15 | Link to Comment toady
toady's picture

That's what I said last time. For the life of me I can't figure out who would want the job, and I actually feel sorry for poor Barry. His will be a sorry legacy ...

Sun, 08/05/2012 - 18:14 | Link to Comment gtb
gtb's picture

Down arrow for feeling sorry for the lying racist prick.

Sun, 08/05/2012 - 19:05 | Link to Comment toady
toady's picture

What? The guy has zero chance of getting out of this. He had zero chance before he walked in the door!

Yeah, you're right , fuck him. And the next guy too.

Sun, 08/05/2012 - 12:17 | Link to Comment Skateboarder
Skateboarder's picture

We didn't spend that. Someone else swiped the cards for us!

Sun, 08/05/2012 - 12:30 | Link to Comment derek_vineyard
derek_vineyard's picture

is this covered in the soon to be released movie, 'obamas america 2016' ?

Sun, 08/05/2012 - 12:47 | Link to Comment Skateboarder
Skateboarder's picture

Make that Obama's Americas 2016. Out with the Amero, boys - it's time for some brand new fiat.

Sun, 08/05/2012 - 17:41 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Monopoly money is so exciting, I can't wait to go shopping!

/sarc off

Sun, 08/05/2012 - 15:32 | Link to Comment akak
akak's picture

Coming soon to theaters near you: "Obama's America 2016"!

 

Produced by: Somebody Else

Directed by: Somebody Else

Starring: Somebody Else

Lead Supporting Actor: Somebody Else

With Cameo Appearances by: Somebody Else

Sun, 08/05/2012 - 20:06 | Link to Comment TWSceptic
TWSceptic's picture

+1 best yet.

Sun, 08/05/2012 - 12:46 | Link to Comment TWSceptic
TWSceptic's picture

Well it can't get any worse than Oba.. oh wait that's what they said about Bush junior.

Sun, 08/05/2012 - 11:56 | Link to Comment yabyum
yabyum's picture

2016! Would there be any difference in the suffering if Mittens wins?

Sun, 08/05/2012 - 12:09 | Link to Comment economics9698
economics9698's picture

No, unless he has the balls to fire over 50% of the Washington bureaucrats.  That’s a start.

Sun, 08/05/2012 - 14:20 | Link to Comment toady
toady's picture

Sounds like the joke about 100 lawyers at the bottom of the river ...

A good start!

Sun, 08/05/2012 - 11:58 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

I doubt our current system will still be in place in said year.

Sun, 08/05/2012 - 12:11 | Link to Comment economics9698
economics9698's picture

What was the USSR?  Two years, three years after the wall fell?

Sun, 08/05/2012 - 11:57 | Link to Comment tuttisaluti
tuttisaluti's picture

Petreus will be president in 2016

Sun, 08/05/2012 - 11:58 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture
On This Day In The Year 2525

 

http://www.youtube.com/watch?v=izQB2-Kmiic

Sun, 08/05/2012 - 12:02 | Link to Comment koaj
koaj's picture

secession doesnt seem like such a bad option after all

Sun, 08/05/2012 - 12:14 | Link to Comment economics9698
economics9698's picture

Communist Yid California, communist Yid NE, Libertarian middle states, Alaska, Hawaii, socialist Miami.  If we can separate the Yids and 85 IQ crowd from Middle America we can live free once again.

Sun, 08/05/2012 - 12:29 | Link to Comment resurger
resurger's picture

commi yids ftl

Sun, 08/05/2012 - 12:15 | Link to Comment economics9698
economics9698's picture

Repeat, opps.

Sun, 08/05/2012 - 16:04 | Link to Comment kentmills
kentmills's picture

"secession doesnt seem like such a bad option after all"

RP 2012 - you are correct.  It would get us out of the UN, disentangle us from IMF dues, dissolve government contracts with bloated defense firms, stop federal funding of Monsanto and pharmaceutical adventures, and we wouldn't be responsible for bailing out California.  Unless we dissolve the union, these things will continue until we're all dead.  If America stays on this course, we may all be dead before the 2016 elections - from war, cancer, going postal due to depressant usage, etc. 

I say dissolve the union on day 1, start another honest republic on day 2 - without big corporate contracts or national debt repayments - or, praise the Lord - FRNs.

 

Sun, 08/05/2012 - 19:10 | Link to Comment ArmyofOne
ArmyofOne's picture

Thats right unions that represent less than 7% of the private workforce are the arch enemy of the state.  Oh, thats right, the state is your problem.  Ok, let pretend we de-evolved to pre-human monkeys and make you head banana.

 

Like labor need another foot of oppression from the oligarchs by disbanding the only means wherein they can "attempt" to find a fair price for their product.

Sun, 08/05/2012 - 23:09 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Thats right unions that represent less than

He said union. Singular. As in union of the states of America.

Now go stand in the corner for half an hour.

Sun, 08/05/2012 - 12:05 | Link to Comment Haager
Haager's picture

There can't be any election in 2016 due to the fact that there aren't enough real dollars out there to fill the candidates pockets...

 

Oh yes, hasn't (madman) Soros planned the big reset anyway to take place between now and 2013?

Sun, 08/05/2012 - 12:06 | Link to Comment Cdad
Cdad's picture

To think...in my lifetime...how this once great nation has turned entirely into a Banana Tree Republic...because of The Federal Reserve Bank.  This one institution, above all others, has facilitated this preposterous spending in D.C.  Were it not for the "work" of the Fed, this federal spending drama would have ended many years ago with punitive interest rates.

And here we stand now, counting uncountable numbers, and ADDING to the spending.  Where out thou bond vigilantes?  Fight the FED!

Sun, 08/05/2012 - 13:14 | Link to Comment francis_sawyer
francis_sawyer's picture

Federal Reserve... Concieved by?... Shepherded by?... Run by?... Beholden to?... [insert response here & let the accurate dialogue commence]...

Note: the 'snarky' & all too obvious WHITE MALE response is acceptable if your goal is to divert or deflect what might be a more sober dialogue as to facing up to what the real hidden agenda is... But most people (even on this blog ~ as will be evidenced by the imminent 'junks' this comment will provoke), are too comfy, & therefore would rather cast a blind eye towards acknowledging the underlying conundrum for the sake of political correctness...

Metaphorically... FOXES & WOLVES, (even MICE), on balance, are cute & fluffy animals... But if you own sheep, chickens, or store grains & want to shield yourself from theft... Then guess what?... You'll soon decide that it's a good idea to build yourself a viable defense perimeter rather than invite them to the dinner table...

Foxes, Wolves, & Rats are going to be & behave like Foxes, Wolves, & Rats... If you want to make their life easier, that's your prerogative... It's your choice...

~~~

Edit: Classic 'knee jerk' junks (as expected), from the usual suspects... The joke is on you ~ you'll never quite understand what steamrolled you in the end because you are, in fact, facilitators... It's a deviant form of 'Stockholm Syndrome'...

Sun, 08/05/2012 - 13:22 | Link to Comment Cdad
Cdad's picture

So what is your rank in the Water Army, sir?

As for your response...just brilliant.  In no way is the Federal Reserve NOT responsible for the transfer of debt to the American citizen.  While one may quibble what or who is behind the curtain that is behind the curtain, the Federal Reserve Bank IS the instrument which distorts and debases the currency, and allows for Federal gov't spending to proceed well beyond its market based means.  The point is not arguable.  And if somehow you think it is, perhaps you could reply in such a way that is not so heavily diverted into the subject matter of animals, both domestic and wild.  This is not the Nature Channel.

Your junks are well deserved...for the irrelevant nature of your commentary.  

Sun, 08/05/2012 - 15:13 | Link to Comment francis_sawyer
francis_sawyer's picture

It appears you completely missed my point... ~LOL... BTW... I was 100% in agreement with your comment, gave you a green ^, & was just trying to further the dialogue... I suppose I'll have to shuffle back to RETARD mode now that otherwise mentally challenged ZH'ers might fail to comprehend metaphors...

Your comment = "It's the Wizard's fault"

My comment = I agree Cdad... "Let's pull back the curtain to see WHO the Wizard really is... hint...hint...hint... [totally missed]"

~~~

Figures... ZH is becoming a den of dipshits more every day... Here... let me climb back in the saddle...

- fuck you Bernanke

- gold bitchez

- Obamney is a horses ass

Is that easier to understand?

~~~

Edit 2: For ALL of my life on this planet... The Palestinian issue has gone UNRESOLVED... Why?... Because nobody ever has the courage to look at what's at the root of the problem... WORSE... They're paid & bribed to look the other way... Feign indignation all you want... Junk away at comments which speak the truth... The issue WILL NEVER GO AWAY... Hearts & minds WILL NEVER BE WON until there is TRUTH...

Fortunately ~ francis_sawyer is just a jackass commentator on a blog... There are, HAVE BEEN, & WILL BE worse things in the world... You can count on that... & if you listen real closely, you can actually HEAR the high nasal whiny sound of the junks I'll collect here...

Sun, 08/05/2012 - 15:39 | Link to Comment Cdad
Cdad's picture

Uh...errr...okay.  Seriously, control your content, man.  There isn't a law against "being clear" or "germane."  And as for "it's the wizard's fault"...WTF kind of medication are you on?  I didn't totally miss anything.

As for ZH becoming a "den of dipshits", you must have been looking in a virtual mirror when you wrote that.  I don't agree that ZH is full of dipshits.  There are some smart chaps in here...but it IS full of provocateurs....LIKE YOU!  And you prove my point by dragging my comment into the Palestinian issue.  Good grief.

Piss off!  If you are unable to think or communicate clearly, and/or you exist entirely to throw dirt into the gears of everything you touch...go post your inane commentary on Yahoo.  They will dig you there.

Love,

Cdad

Sun, 08/05/2012 - 15:54 | Link to Comment francis_sawyer
francis_sawyer's picture

Although I may, (& have the right to ~ last time I checked), have opinions on many different issues...

Sadly ~ If I follow your suggestion to go post my 'inane' commentary (as I imagine applies to this topic), on Yahoo... I would immediately be moderated by ENTHUSIASTIC &/or MOTIVATED types who occupy the space 24/7 so that only CORRECT THOUGHTS should only ever be published on infowebspace... IOW ~ They would be 'Corzined' or 'vaporized' licketysplit...

Congrats... Today you've achieved 2nd lieutenant rank in the THOUGHT POLICE command heirarchy...

~~~

"Seriously, control your content, man."... Really?... REALLY?

Sun, 08/05/2012 - 15:54 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

Cdad is right.

My name is Raymond K Hessel and I approve this message.

Sun, 08/05/2012 - 16:32 | Link to Comment francis_sawyer
francis_sawyer's picture

That's it???... "CDad is right"...

Nothing else to share?... No reason why?... No crosscurrent dialogue?... Fucking typical... Might as well just say "My name is Raymond K Hessel... I work as a weekend flunkie for the AIPAC blog interception team (& get paid pretty well for my job in Federal Reserve Notes)... & not only is CDad right ~ but I've just put it on the wire to my colleagues to gang mutilate this, clearly, abberant thought that nobody... NOBODY... save for francis_sawyer ever thinks, has thought, or ever will think, on the face of the planet earth...

Is that how it goes?

~~~

Message to ZH'ers: If you find my comments offensive, you can always skip over them... Nobody is around trying to press your face to the page or compel you to think in any particular way (OH WAIT)... I don't stew over this bulls*** on a daily basis other than to illustrate discrepancies (when visible)...

"We Didn't Start the Fire"

http://www.youtube.com/watch?v=eFTLKWw542g

It's fucking amazing (to ME anyway)... That so many on this blog have realized to rightfully (to ME anyway), discard the tired old "Red vs. Blue" NON-CONUNDRUM... Look PAST the problem... & see what truly is... Yet on the issue to which I refer... It's like everyone is still stuck in Red & Blue-ville...

Sun, 08/05/2012 - 17:19 | Link to Comment RockyRacoon
RockyRacoon's picture

This comment of yours proves that you are only seeing what you want to see at ZH.

"It's like everyone is still stuck in Red & Blue-ville..."

With as many Ron Paul backers as there are here, you're statement is wrong... very wrong.

I won't argue any of your other points -- what's the point?   You'll only pick out the items that you feel argumentative about.

Sun, 08/05/2012 - 17:24 | Link to Comment engineertheeconomy
engineertheeconomy's picture

You're a TROll and he's not. SEE THE DIFFERENCE?

Sun, 08/05/2012 - 19:06 | Link to Comment fuu
fuu's picture

You keep using that word. I do not think it means what you think it means.

Sun, 08/05/2012 - 18:49 | Link to Comment francis_sawyer
francis_sawyer's picture

R_R has a valid point... at least 1 of the ^ arrows was mine ~ which negates the other possibility)...

~~~

Correction: I don't mean to imply that EVERYONE is stuck in "Red & Blueville"... Certainly not... I didn't mean to imply that (which means I'm going to have to go back to the drawing board because I'm evidently 0-2, today, in having presented misinterpreted metaphors)...

~~~

Instead... I'm saying... That when it comes to certain subjects like inane political elections... Most ZH'ers have finally found the freedom to throw away the shackles on constrained thought (vis-a-vis; Red~Blue)... On other subjects... NOT SO MUCH... This is the only blog I know of that if you make any comments whatsoever (however delicately threaded), that in any of the 256 shades of grey could be REMOTELY be construed (by 24/7 watchful eyes) as bringing into question the horse blindered 'pro-Israel' opinion... your comment isn't immediately removed... Try it sometime (just for fun), on other blogs, you'll see what I mean...

What astounds me is how, over time. EVEN ON A BLOG... People just want to "fit in"...

- Toss out a comment like "fuck Bernanke" (get lotsa green arrows ~ like you said something earth shattering)

- Buy silver/Gold/ammo... wtf ever... DITTO

- Say something funny... that usually works anywhere...

- Say that Obama & Romney are the same... you're a hero

Oddly (or not so oddly)... Pretty much all of the above are close to the TRUTH, so nothing earth shattering is going on... But back in the day, ZH had very interesting commentary by the likes of B9K9, TRAV777, (& even others like cougar_w, lizzy, MsCreant, Rocky, Chumba, Hedgeless, H, Cog Dis, etc. still hang from time to time (I know I'm missing a few 'legacies' here)... But shit... lately this place has become a freak show (except for Tyler's articles ~ which are always on the money)...

OK so now what?... Back in 2009, we were all getting STARTED on how & why the paper financial ponzi was imploding... First it was hypothesis... Later, article by article, it has all been confirmed... Does the inquiry stop there?... OK... Corzine is a crook, Bernanke is a crook, Geithner is a crook, Dimon & Blankfein are crooks... Just an arbitrary 'mixed bag' of crooks who happened to all come together in the same place & time...

It's like saying... "LIBOR" is a scandal... "Subprime is contained"... This is corrupt, that's corrupt... But then, of course, I'm sure the CFTC is pure as the driven snow... 

~~~

My LONG STRETCH here, is to say that anytime... & I MEAN FUCKING ANYTIME, you challenge the 'pro-Israel' stance on anything, you're immediately greeted with the THOUGHT POLICE (who pretty much populate every blog)... If you're outspoken (no matter how delicate &/or tactful), you're never really greeted with any crosscurrent rebuttal, you're simply greeted with 'anti-semite' labels (or the like)... In the end, you're on an island because, SAME AS REAL LIFE, nobody is willing to go out on a limb to defend you...

Why?

Same FEAR as always... That the "fuck Bernanke", or "gold bitchez" comment that you make tomorrow (which gets you 6 green arrows & zero red arrows)... Will now net you 6 green arrows & 3 red arrows (like the ones francis_sawyer can always count on now & forevermore from fuu, CDad, & Harvey what's his name)...

Whatever... (Rocky ~ You're someone on this blog with a track record that deserves a reply ~ That's mine)...

~~~

Edit: Wanna have some fun?... True story here... Not 2 minutes after I made this comment, I jumped on over to ESPN blog (not looking for anything other that some baseball scores & maybe some commentary on tonite's NFL pre-season game)... There was a headline about the Men's 100 meter Olympic final in London (which I clicked on, out of curiosity)... Long story short... Usain Bolt wins in Olympic record time... I clicked on the commentary section there (which was running a mile a minute)... I don't even post comments there... I just wanted to read...

3 comments in... Someone (NOT ME PEOPLE, NOT ME) had typed... "How come it's not racist to say that black men are the fastest on earth but it's racist to say they commit more crimes (both are true)"... Right under that comment, within seconds, someone else responded... "LOL ~ Your comment will be removed in 5...4...3...2..."...

I practically blinked my eye & BOTH comments were then vaporized from the ESPN blog (as the responder correctly predicted)... It wasn't me... It wasn't francis_sawyer stirring up unprovoked trouble around the blogosphere because I have a bone to pick... Just telling a true story here (which has applications ~ somewhat ~ towards the reality of my above comments)...

Mon, 08/06/2012 - 01:31 | Link to Comment Marigold
Marigold's picture

Gerald Celente has just been banned from U Tube for painting funny stars on US troops helmets ! Maybe the Bernack used his influence with some of his friends.

Mon, 08/06/2012 - 09:22 | Link to Comment Disenchanted
Disenchanted's picture

 

 

francis_sawyer...

International banksterism, the 'Federal' Reserve(a consortium of international private banksters...majority of which are Jewish), endless wars/militarism, Ashkenazi Judaism, Zionism, Israel, Palestinians, and the "eating out the sustenance" of America thru FedRsrv policies are not disconnected subjects.

Because of massive engrained propaganda over the last century, the shoving of real history down the memory hole, and the fear of many of being labeled an 'anti-semite'(the ultimate third rail?) the majority still do not want(or just plain ignore) to make the connections between the subjects named in the first paragraph.

How can these problems in America(or anywhere else) be fixed when there's a refusal to even correctly identify the source of said problems? For those who always want to say, no it's the Catholics/Vatican not the Jews, I would remind you that the Rothschilds banking empire took control of the Vatican Treasury long ago. We Americans should know what happens in that type of scenario from the personal experience of the Rothschild bankster empire taking control via 'The Fed' of our nation's money.

 

Good luck on your mission francis_sawyer, I've concluded it's hopeless.

 

p.s. I neglected to mention Christian Zionism in the first paragraph, but it also has played a large part in those interconnected subjects as well. It too was financed and pushed into American religion by Rothschild agents and banking interests. All part of the push for the creation of modern day Israel. Look up and read about the creation, content and origins of the Scofield Reference Bible. The 1917 Balfour Declaration's salutation reads like this: "Dear Lord Rothschild" I don't think that's just an innocent coincidence. The self proclaimed Ashkenazi Zionist Jew Rothschild banksters were behind the push for a Zionist Jewish State(modern Israel) in the Middle East from day one. It took them awhile but they got what they wanted. They used even their own people('regular joe' Jewish people) among others as bloody pawns to do so.

 

edit: Once again I should probably emphasize that I know damn well that it is not ALL Jews. There are many Jews who are not on board with the Rothschild/bankster/Zionist wing of Judaism. But just like many Gentiles are afraid of being branded an 'anti-semite' many Jews are afraid of being branded a 'self-hater' or other similar terms and methods in the playbook.

Sun, 08/05/2012 - 18:55 | Link to Comment toady
toady's picture

I can't figure out what your talking about. Please express your thoughts clearly and concisely.

Sun, 08/05/2012 - 12:39 | Link to Comment Skateboarder
Skateboarder's picture

You know things are messed up whem economic numbers are on the same order of magnitude as astronomical numbers.

Sun, 08/05/2012 - 12:06 | Link to Comment lizzy36
lizzy36's picture

Haven't you heard...Bowles-Simpson going to solve everything.

So easy ;)

Sun, 08/05/2012 - 12:16 | Link to Comment yabyum
yabyum's picture

Lizzy, At least Bowles/Simpson mada a attempt to bring it under control. Tptb quickly threw it under the bus.

Sun, 08/05/2012 - 12:19 | Link to Comment lizzy36
lizzy36's picture

I agree on the attempt.

I am just tired of every politician now pointing to Bowles-Simpson as the solution. It is a necessary starting point, but not the ultimate solution.

Sun, 08/05/2012 - 12:09 | Link to Comment Global Hunter
Global Hunter's picture

I don't think modern day politicians with their narcissistic personality disorders, homicidal tendencies and below average intelligence will see those projections and even care what it means...its all about today baby!

Sun, 08/05/2012 - 13:04 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

IBG...YBG..so what's the beef?

Sun, 08/05/2012 - 12:10 | Link to Comment Intelligence_In...
Intelligence_Insulter's picture

Regulations are costing this country billions.  Time to cut to the bone.  The only thing the government should be doing is enforcing private and intellectual property rights.

This bitch of a country better not implode, they better have constingency plans to restore order if this thing blows.  

I have several properties in the U.S. and I will still be expexting rent.  

Big government has got to go.  We can't afford it and I'm sure as hell not paying for it.

Sun, 08/05/2012 - 12:18 | Link to Comment yabyum
yabyum's picture

@ Intelligence, You own several properties in the US, Bully for you. I do not care to breath the air if the regulations are done away with. They are there for a reason.

Sun, 08/05/2012 - 12:25 | Link to Comment Intelligence_In...
Intelligence_Insulter's picture

Regulations hamper the effecienty of the free market system.  They are the reason we are in this mess.  Grow the fuck up, Big government is not the answer.

Sun, 08/05/2012 - 12:31 | Link to Comment yabyum
yabyum's picture

Internet tough guy!! Go fuck yourself....much like you show in your avatar

Sun, 08/05/2012 - 14:00 | Link to Comment lasvegaspersona
lasvegaspersona's picture

weird face...the eye is so tiny

Sun, 08/05/2012 - 20:02 | Link to Comment TWSceptic
TWSceptic's picture

They are there for a reason.

 

Yes, to give meaning to the life of bureaucrats.

Sun, 08/05/2012 - 12:19 | Link to Comment Race Car Driver
Race Car Driver's picture

Lulz.

Sun, 08/05/2012 - 12:23 | Link to Comment Global Hunter
Global Hunter's picture

Oh they have continency plans all right...

Sun, 08/05/2012 - 13:11 | Link to Comment Skateboarder
Skateboarder's picture

FUCK INTELLECTUAL PROPERTY RIGHTS.

Free information and progress or bust. The likes of Euclid, Euler, Laplace, Fourier, Lagrange, Hertz, Roentgen, Tesla... they are turning in their graves at what you egotistical fucks have done to the beauty of information.

Sun, 08/05/2012 - 14:03 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Laplace and Fourier are transforming.

Sun, 08/05/2012 - 12:12 | Link to Comment g3h
g3h's picture

Tyler,

 

Not so fast.  Based on the clock:

 

1.  Deficit is decreasing.  Pretty good, huh?

Now for a laugh, based on current pace, we will get to 1 trillion deficit (from ~1.3 at the top).

Did we say both parties love spending?

 

2.  But most importantly, household asset will double from 65 trillion to 130 trillion by 2016, with total asset more than total liability.  Not idea how it get the total asset, may as well assumed QEn.  But hey, we will break even, asset = liability.

The only thing left is a monumental fight between the rich and the poor.

Sun, 08/05/2012 - 12:36 | Link to Comment Everybodys All ...
Everybodys All American's picture

Inflation under your plan would be running at about 25% by then. Sounds about right.

Sun, 08/05/2012 - 12:15 | Link to Comment JustObserving
JustObserving's picture

US debt rising at $1.5 trillion a year and US unfunded liabilities rising at $6.7 trillion a year, Medicare about to go bust and US treasuries are safe havens? Good luck getting your principal back except in massively shrunk dollars.

Sun, 08/05/2012 - 12:16 | Link to Comment gaoptimize
gaoptimize's picture

But you know the trends can not continue linearly for the very reasons that created the situation in the first place.

1) The current situation is dragging the economy into a recession, where fundamentals are not as sturdy as they were in 2007.

2) The recession will be deeper and do far greater damage than in 2008.

3) The Fed's tool box is smaller and has less leverage than in 2008, so there will be less to do about it other than print.

4) Revenues will drop, and dependency-driven spending will increase.

5) FY2013 deficit will be considerably north of ~$1.6T

6) The acceleration in the fiscally debilitating baby boomer retirements and decline in spending will amplify the damage in FY2014 (if we make it that far).  I predict the first $2T deficit in FY2014.

7) The Fed becomes the lender of first resort to the Government and all other lenders loose confidence.  Foreign lenders move out of treasuries.

8) Mortgage rates move up and the bottom drops out of the housing market again.

9) The "poverty effect" destroys (is destroying?) the consumer economy and any hope of an organic recovery.

10) As headline unemployement exceeds 15%, public outcry to "do something" accelerates Fed printing to support a Brand New Deal.

I see no scenario that doesn't end is a collapse prior to the 2016 presidential election cycle.  Prepare for unforeseen consequences.

Sun, 08/05/2012 - 12:25 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Recession?  WTF.  If this were going on in 1929 they wouldn't be calling it a recession that's 4 sure.

Sun, 08/05/2012 - 13:42 | Link to Comment lasvegaspersona
lasvegaspersona's picture

After the Great Depression some kind of agreement was made to call future depressions "recessions" regardless of the depth or duration of the downturn. Don't worry we are in a "depression with money". We have all the signs of depression but the Fed is supporting the economy (for as long as the economy wants to be fooled) with  cash....buy gold...it is on sale today and will remain on sale until it isn't.

Sun, 08/05/2012 - 13:26 | Link to Comment The Phu
The Phu's picture

Regarding #7:  I thought I read here on ZH that The Fed has purchased 92% of all Treasuries issued this year... doesn't that already make them the "lender of last resort?"

Sun, 08/05/2012 - 16:40 | Link to Comment gaoptimize
gaoptimize's picture

Just the long dated stuff.

Sun, 08/05/2012 - 14:19 | Link to Comment Totentänzerlied
Totentänzerlied's picture

10) As headline unemployement exceeds 15%, public outcry to "do something" accelerates Fed printing to support a Brand New Deal.

LOL! Maybe if they forget to hit the "Goal Seek" button at the BLS and all of the censors happen to be asleep! Aside from that, no chance it will print above 10% before:

Ben Shalom Bernanke ascends to sainthood in the Keynsesian Cult, beatified "St. Ben the Inflator", Pontifex Maximus of Fiat Ponzinomics, and takes us to DOW 20,000.

A Brand New Deal is in the making - the people will demand nothing less.

Sun, 08/05/2012 - 12:24 | Link to Comment ebworthen
ebworthen's picture

Probably why they have been busy with NDAA, domestic drones, and training combat units for homeland missions.

Sun, 08/05/2012 - 12:29 | Link to Comment glenlloyd
glenlloyd's picture

the epa has already been 'testing' the drones for homeland use, at least in the mid-west...

Sun, 08/05/2012 - 12:31 | Link to Comment lasvegaspersona
lasvegaspersona's picture

If things don't apart in the next 5 months I am convinced the next president will go down in history as the worst.

Sun, 08/05/2012 - 13:34 | Link to Comment smlbizman
smlbizman's picture

every current president makes me wish the other guy was back, if you would have told me i would want bush back, you would have been classified as crazy, but god i miss that moron.....so in keeping with this trend, with a gun to my head i would never say i want obama back....but if i do, it should be the last pres. this country ever has.....

Sun, 08/05/2012 - 15:34 | Link to Comment my puppy for prez
my puppy for prez's picture

I certainly don't miss the puppet that was complicit in the blood sacrifice false flag Mossad-CIA attack of 9/11.

I miss NONE of them!  I want NONE of them!

Besides, the president doesn't run America....AIPAC does!

Sun, 08/05/2012 - 23:53 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

fuck the bible
fuck the torah
fuck the koran
only then will there be lasting peace

Sun, 08/05/2012 - 12:32 | Link to Comment nah
nah's picture

should be time to make a new law

Sun, 08/05/2012 - 12:39 | Link to Comment buzzsaw99
buzzsaw99's picture

no fed, no debt. problem solved. if it takes a currency collapse to get rid of the bankers it is well worth it.

Sun, 08/05/2012 - 12:43 | Link to Comment bugs_
bugs_'s picture

180k??? i'll never pay that off!

Sun, 08/05/2012 - 12:44 | Link to Comment TWSceptic
TWSceptic's picture

And that's the rosy scenario...

Sun, 08/05/2012 - 12:45 | Link to Comment markar
markar's picture

So what does this translate to in the price of gold?

Sun, 08/05/2012 - 13:49 | Link to Comment ArmyofOne
ArmyofOne's picture

30 years of trickle down bitchez.  Can you feel the prosperity?

 

Time to bust more union and blame the working person for not doing more with less.

 

Romney/*puke* ticket 2012

Sun, 08/05/2012 - 12:55 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

the atomic debt clock

it runs on the isotopes of rope-a-dopes

Sun, 08/05/2012 - 13:23 | Link to Comment Skateboarder
Skateboarder's picture

The central elements being Debtium and Cronyum.

Sun, 08/05/2012 - 12:59 | Link to Comment doc_in_the_house
doc_in_the_house's picture

2016 = odummer REPEALS 22nd ammendment.

This way when SUPER-HYPERINFLATION kicks in and the sleeping giant awakes..he can't blame anyone but himself for being a stupid QEorganizer:  PRINT BABY PRINT.

2016 = gold @ $250....buy PHYSICAL like crazy and hold for at least 5 years to $8k.

gallon of milk from $3 to $20, gas from $2.5 to $15 = NICE !!!!

Sun, 08/05/2012 - 13:00 | Link to Comment michaelh
michaelh's picture

I'm surprised the debt will only be 22.2 trillion. Unfunded liabilities of 147 trillion. That's more like it. Yes we can!

Sun, 08/05/2012 - 13:01 | Link to Comment Snakeeyes
Snakeeyes's picture

Cloward Piven, baby! Break the system so we get radical Marxism in its place.

Sun, 08/05/2012 - 18:33 | Link to Comment Diet Coke and F...
Diet Coke and Floozies's picture

I'm amazed at how many people I know who publicly admit that they are commies. Walking around with Hammer and Sickle hats / tshirts and praising Che Guevara. I even had a hard core Catholic admit he was a commie in public. I reminded him that the Soviet Union didn't have churches, and that socialism has caused a few deaths (http://www.scottmanning.com/content/communist-body-count/)... He didn't care, proud as hell commie. 

How about this:

http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking12.htm

Unbelievable.

Bizarro World bitchez... 

Sun, 08/05/2012 - 13:08 | Link to Comment Yellowhoard
Yellowhoard's picture

The world would be a lot more predictable and controllable if we just got rid of all of these various currencies and went with electronic money and implanted a chip in everyone that would keep track of their money and took all of the weapons from the people and cut off access to money to anyone that disagreed.

You may say I'm a dreamer, but I'm not he only one.

Sun, 08/05/2012 - 13:15 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

Hive mentalist!

Sun, 08/05/2012 - 13:14 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

Define the alternative or live within the current structure.

Its up to us

Sun, 08/05/2012 - 13:14 | Link to Comment Tango in the Blight
Tango in the Blight's picture

Will the current shit be still be going in 2016? Please just get it over with.

Sun, 08/05/2012 - 13:46 | Link to Comment lasvegaspersona
lasvegaspersona's picture

no... the shit in 2016 will be different shit...I promise...

Sun, 08/05/2012 - 14:18 | Link to Comment Peter Pan
Peter Pan's picture

I don't know if it will be different shit but I promise you it will be much deeper.

Sun, 08/05/2012 - 18:13 | Link to Comment Apostate2
Apostate2's picture

King (USDA shit Management Division) called this 'human creativity'

'one of the greatist achievements of civilization'.

Sun, 08/05/2012 - 13:21 | Link to Comment Amish Hacker
Amish Hacker's picture

What all those projected numbers have in common is that they are never going to happen. Something major will break first, long before M2 goes up $4 trillion and US debt goes up $6 trillion.

Sun, 08/05/2012 - 16:44 | Link to Comment gaoptimize
gaoptimize's picture

Many look at Japan as a functional model of debt without collapse.

Sun, 08/05/2012 - 13:33 | Link to Comment daz
daz's picture

shhhhhhhhh keep looking at Europe... It's all Europe's fault....

 

Sun, 08/05/2012 - 13:38 | Link to Comment climber
climber's picture

i was at the bar last night and this guy had a one dollar silver certificate printed in 1935. he gave it to another guy at the bar for like five bucks i think. am i right to think that he is a dumbass?

Sun, 08/05/2012 - 13:43 | Link to Comment Skateboarder
Skateboarder's picture

A dolt, that one.

Sun, 08/05/2012 - 13:56 | Link to Comment Haager
Haager's picture

Didn't you turn to him asking for some coins? No? Then, Sir, I must say you are the dumb one.

Sun, 08/05/2012 - 17:40 | Link to Comment RockyRacoon
RockyRacoon's picture

A well circulated silver certificate isn't worth much more than a couple of bucks anyway since it's not redeemable.

Check them out right here.

If I thought I could unload them to the local drunks for $5 I'd get myself some.  That scam can only go so far -- even loaded fools pick up on it after a while.

Sun, 08/05/2012 - 13:44 | Link to Comment orangegeek
orangegeek's picture

2016 - the world will be in much worse shape than today.

Sun, 08/05/2012 - 13:54 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Daniel Amerman has the real numbers...for every ABLE TO PAY American the debt is North of $750,000...that is the truth...babies won't pay, welfare moms and dads can't pay, social security recipients can't pay...just you and me...so unless YOU are loaded no...the debt cannot be paid. Start there

and work it out...we are not living in the world you thought we were in. This realization has led me, after 28 months of worry...to buy gold...to save in physical gold...with a stash of cash for zee bills on the side...out of all markets....when it looks safe I'll come back in but for now I'm out.

Sun, 08/05/2012 - 15:29 | Link to Comment my puppy for prez
my puppy for prez's picture

You have inadvertently hit upon the ANSWER:  Babies must pay...and babies must begin paying NOW!  (and the dead, too)

Sun, 08/05/2012 - 14:04 | Link to Comment robertocarlos
robertocarlos's picture

It's Hilary in a landslide.

Sun, 08/05/2012 - 16:01 | Link to Comment oddjob
oddjob's picture

She will be outed as an alien before then.

Sun, 08/05/2012 - 14:14 | Link to Comment Peter Pan
Peter Pan's picture

Before we blame the FED for too much perhaps the words of Senator Danforth should be remembered so that we can all recognize that more than just one institution is responsible for the mess. These words were uttered 20 years ago.

"I have never seen more senators express discontent with their jobs. ... I think the major cause is that, deep down in our hearts, we have been accomplices to doing something terrible and unforgivable to this wonderful country. Deep down in our hearts, we know that we have bankrupted America and that we have given our children a legacy of bankruptcy. ... We have defrauded our country to get ourselves elected."

Sun, 08/05/2012 - 14:31 | Link to Comment Skateboarder
Skateboarder's picture

I don't think psychopaths have emotions... at least ones you and I can relate to.

Sun, 08/05/2012 - 14:41 | Link to Comment Peter Pan
Peter Pan's picture

I agree. Any emotion they show is either accidental or a defence mechanism when they are caught in a corner.

Sun, 08/05/2012 - 16:12 | Link to Comment luna_man
luna_man's picture

 

 

"Peter Pan"...

 

I cut no slack...They're all CRIMINALS!

 

Neither should you!

Sun, 08/05/2012 - 18:28 | Link to Comment Peter Pan
Peter Pan's picture

Luna man , i agree, that iis why I said that more than one organisation is responsible.

Sun, 08/05/2012 - 17:45 | Link to Comment bunnyswanson
bunnyswanson's picture

http://www.youtube.com/watch?v=BBLXslm8C5s&feature=em-uploademail 

Ron Paul discusses a "Parallel Currency."

The "Fed" is destroying the value of the currency in nations.   The Fed should be dismantled.  The strong arm tactics have left a few good politicians 6 foot under. 

 

Blame the Federal Reserve banking system indeed.  In fact, create a parallel monetary system and completely ignore their existence with the creation of a new banking system and a new currency.  The Fed is to blame.

Sun, 08/05/2012 - 14:58 | Link to Comment Jumbotron
Jumbotron's picture

If the Socialists / Liberals are smart they will throw the election of 2016 and let Mitt be saddled with the collaspe for a whole 8 years.

Then they could come back in 2020 and say..."We told you so....this is what a Wall Street, Reagonomic, Capitalist Vulture will do to the country when allowed."

Of course the real Wall Street Elite will just laugh all the way to the bank.....some of whom will simply have to just swivel around in their chair to see the vault.

Real money is made when there is blood in the streets.....and there will be blood.....very soon.

Sun, 08/05/2012 - 17:41 | Link to Comment RockyRacoon
RockyRacoon's picture

They'd say Mitt "inherited" the mess and it was beyond redemption -- which would be true.

Sun, 08/05/2012 - 15:23 | Link to Comment lolmao500
lolmao500's picture

And that scenario is counting on the fantasy that Iran WON'T be attacked... nor Syria... and that a draft won't be needed... and that oil will stay the same or even cheaper... that interest rates continue to go down... that the bond market doesn't call BS on Bernanke... that no big bank goes under... that Europe doesn't totally collapse... nor Japan... that medicare/medicaid doesn't go bankrupt before then...that no state doesn't go kaboom (IL, CA, NJ, NY, TX, VA, MI in particular)... etc...

This scenario is PRETTY BAD... even if ALL GOES TO PLAN... which has basically ZERO chances of happening... so to summarize... GOOD LUCK WITH THAT.

Sun, 08/05/2012 - 16:26 | Link to Comment q99x2
q99x2's picture

Gary Johnson is the ticket since Paul did not make it. He beats voting for Obomney. And I don't want to hear that bullshit that he is un-electable.

Sun, 08/05/2012 - 21:24 | Link to Comment sunny
sunny's picture

Exactly.  I mentioned voting for Ron Paul and was told by a neighbor that failing to vote for main stream candidate was "wasting" your vote.  I countered by asking how voting for Obama or Romney wasn't wasting a vote.  I never received an answer.

sunny

Sun, 08/05/2012 - 16:45 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

I'm suprised this site hasn't been shut down by the government yet quite honestly.  Everyday Tyler posts something which in most cases has some merit, as he has pointed out over and over again with flashbacks, we see it all clear as day and nothing changes except for the fact we realize the truth (which is the lie) just keeps getting worse. 

Sun, 08/05/2012 - 18:20 | Link to Comment dolph9
dolph9's picture

The government and banks are playing for time, keeping the sheeple pacified.  The shutdowns will come, so archive and learn now.

In the future this stuff will only be allowed in private conversations in living rooms, if that.

Sun, 08/05/2012 - 18:09 | Link to Comment Fecklesslackey
Fecklesslackey's picture

I don't know ... this whole things assumes that we even get to 2016

Sun, 08/05/2012 - 19:13 | Link to Comment digalert
digalert's picture

I have written on my handy scratchpad:

M2 for July,

7/2    9,759,990,800,000

7/25 10,000,119,125,000 and now

8/5  10,029,120,981,000 so despite all the QE3 talk, isn't the Bernank printing like a mad man right now?

Sun, 08/05/2012 - 20:49 | Link to Comment todayone
todayone's picture

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Sun, 08/05/2012 - 20:52 | Link to Comment pamriallc
pamriallc's picture

You didn't BORROW that.....

Sun, 08/05/2012 - 21:39 | Link to Comment northwind
northwind's picture

the end of the post was the thought I had after the first paragraph. there might not be a 2016 election. it's gonna get ugly out there.

Sun, 08/05/2012 - 21:48 | Link to Comment EuroInhabitant
EuroInhabitant's picture

"Actually, if those numbers do pan out, there very well may not be a presidential election in 2016."

Be honest, it would save lots of time and money, annoying adverts, broken or stupidly kept promises and policies of economic failure. No more US president, sounds good.

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