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As Fed Comes To Twitter Will US Debt Be Limited To 140 Zeroes?

Submitted by Tyler Durden on 03/14/2012 09:49 -0400

As of this morning the Federal Reserve is officially on twitter and can be followed at @federalreserve. This is truly great news as it means that the US debt will have to be limited to at most 140 zeroes! Then again, after yesterday who cares about the Fed?Where is uber-boss Jamie Dimon's twitter account?

From the Fed

For immediate release

The Federal Reserve Board on Wednesday launched its official Twitter channel--@federalreserve Leaving the Board--with the aim of increasing the accessibility and availability of Federal Reserve Board news.

The Board’s website, www.federalreserve.gov, will remain its primary channel of communication. Selected announcements will be tweeted after they are first posted on the website.

To start, tweets will include items such as press releases, speeches, testimony, reports to the Congress, the Monthly Report on Credit and Liquidity Programs and the Balance Sheet, and the Federal Reserve’s weekly balance sheet (H.4.1). Additionally, the Board will tweet about educational frequently asked questions (FAQs) and Board video links.

For media inquiries, call 202-452-2955

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Wed, 03/14/2012 - 09:51 | 2253753 The Swedish Chef

Wrong. With exponentiaton you can express huge numbers with 3 characters. But one can always hope...

Wed, 03/14/2012 - 09:55 | 2253780 jaap

139 zero's max

Wed, 03/14/2012 - 10:04 | 2253806 TruthInSunshine

A direct twitter pissing contest with The Bernank, Dudster or Brian Sack(of shit), themselves?

Oh snap!

Fed Boys, Fed Boys

Whatchya' gonna do

When von Mises & Mr. Market come for you

_{*Twitter Wars with Fractional Reserve Banksters is Recorded Live}

_{All CNTRL+P Counterfeiters of Alleged 'Money' Are Presumed Innocent Until Convicted} _{In Bastille Courtyard}

Wed, 03/14/2012 - 10:19 | 2253934 Cognitive Dissonance

I am proud to say that I am the 2,257th follower of the Fed. So what's my prize?

Wed, 03/14/2012 - 10:22 | 2253956 MillionDollarBonus_

This is a move in the right direction. The Federal Reserve Bank needs to start reaching out and connecting with the younger generation. At present, the internet is dominated by die-hard libertarians who relentlessly criticize the Federal Reserve, the US government, Israel and pretty much any respected high ranking official. This is absolutely unacceptable. Young net surfers need to hear BOTH sides of the story.

Kids: Contrary to what many libertarians will tell you, not everything is a conspiracy and there are many hard working officials who deserve to be in positions of power because the American public have discerned through scientific, objective scrutiny that they are the best people for the job.

Wed, 03/14/2012 - 10:23 | 2253964 Mr Lennon Hendrix

Yippi Kai Yay

Wed, 03/14/2012 - 11:50 | 2254445 trav7777

base 64 will get them a lot higher...if they're clever they can start using symbols, get to base 82 easy

Fri, 03/16/2012 - 06:45 | 2261158 MeelionDollerBogus

Contrary to what you're saying, everything is a conspiracy for which there's documented evidence of conspiracy. That means colluding to control currency supply, to control interest rates, to send bailout money to various banks while harming the populace forced to use the currency of the bailout - all documented, all conspiracy fact. Not theory. Fact.

Not one second, not one iota of effort has ever gone into any scientific or objective scrutiny for the banks, for the Federal Reserve or these "officials" like Geithner, Bernanke, Paulson or Greenspan. It's been fraud & lies 99% of the time, all very well documented.

Wed, 03/14/2012 - 11:13 | 2254271 johnQpublic

since i'm not a twit and dont tweet, unfamiliar with its limits, is it possible to bury the fed with meaningless tweets of 'our'own?

Mon, 05/21/2012 - 01:47 | 2446542 AllenX

Follow buttons around the world are clicking today because the most closely watched central bankers in the world just joined the Twitterverse.The Associated Press reports that the Federal Reserve has strapped on its social networking wings in order to better communicate what it is doing to the public. The organization recently unveiled its official Twitter channel, @federalreserve. While not necessarily humorous or philosophically insightful, Fed tweets will without doubt serve to educate the general public as to what is happening with rates of interest, currency and other internal workings of the organization. Source of article: Federal Reserve starts tweeting updates of interest rates, speeches and more

Wed, 03/14/2012 - 10:04 | 2253843 Sudden Debt

I think there's more zero's working at the FED than 139.... we're just lucky only 139 got access to twitter...

Wed, 03/14/2012 - 10:08 | 2253873 Stanwick

There's smoke coming out of your bag of silver

Wed, 03/14/2012 - 10:09 | 2253853 BorisTheBlade

i believe twitter needs to add LaTex functionality specifically for the Fed, ZH should follow the suit.

Today's monetary weather:

M3 circa 10^(((10^10)^10)^10)

Inflation circa 10^(10^10)

Moderate shitstorms and shit blizzards across the board.

Wed, 03/14/2012 - 10:19 | 2253935 Arthor Bearing

139 zeroes... Hopefully it will be a long time before the Bernanke discovers the "9" key.

Wed, 03/14/2012 - 11:18 | 2254297 Hugh_Jorgan

Nope, 999 with 137 zeros behind it

Wed, 03/14/2012 - 09:57 | 2253793 Possible Impact

+1x10^{99999999999999999999999999999999999999999999999999999999999999999999999}

Wed, 03/14/2012 - 10:44 | 2254092 mraptor

+1x99^{99999999999999999999999999999999999999999999999999999999999999999999999}

Wed, 03/14/2012 - 10:02 | 2253828 kurzdump

140 characters means the number is practically unlimited.

http://en.wikipedia.org/wiki/Graham%27s_number

Wed, 03/14/2012 - 10:48 | 2254115 navy62802

The symbol for infinity doesn't even require exponential notation. It's only a single character.

Wed, 03/14/2012 - 09:52 | 2253756 LongSoupLine

The Fed expands its open info/communications policy (read: Goebbels)

Wed, 03/14/2012 - 09:52 | 2253760 Mr Lennon Hendrix

#alchemy!

Wed, 03/14/2012 - 09:52 | 2253761 JPM Hater001

I will begin posting Die commie....

Wed, 03/14/2012 - 10:01 | 2253763 Sudden Debt

Bernanke just twittered: "We're printing today, we'll be printing tomorrow"

NOW THAT'S A STATUS UPDATE WE CARE TO READ!

I can't wait to read up on their next Quantative Tweets (QT's in short)!

Wed, 03/14/2012 - 10:08 | 2253869 Zero Debt

And so finally the fed watching crowd will have somthing to analyze between the meetings...

Wed, 03/14/2012 - 10:12 | 2253872 TruthInSunshine

It's 'Crazy Ben's Print Shop'

He's the Wiz! And he's gone mad, printing 24/7/365, to infinity and beyond!

So if you're a Primary Dealer or even a lesser grade but still best friend forever of the FRBNY, come on down to The Bernank's EZ Cash Shoppe, and get your palletes of nearly free, all you can speculate with, Federal Reserve Note play money!

And remember, you can back up the truck every day at The Bernank's House of Fiat!

33 Liberty Street. Ask for Brian Sack or Bill Dudley.

Wed, 03/14/2012 - 10:14 | 2253899 Sudden Debt

To bad they only print money :(

I wanted to reorder a toiletpaper roll from their "Bill of Rights" series.... and they said there was only one...

to bad.... my ass liked the feeling of that parchment kind of paper...

Wed, 03/14/2012 - 11:47 | 2254433 trav7777

52 weeks in the year, not 365

Wed, 03/14/2012 - 09:52 | 2253765 dick cheneys ghost

When is the Charter up?

Wed, 03/14/2012 - 09:57 | 2253791 DavidC

2013.

That's some time after the end of the world Mayan style...(yes, I know!)

DavidC

Wed, 03/14/2012 - 10:19 | 2253909 TruthInSunshine

There is no 'time' component to their charter.

The Federal Reserve can only be disbanded by revocation of the Federal Reserve Act by Congress.

http://www.law.cornell.edu/uscode//html/uscode12/usc_sup_01_12_10_3.html

Wed, 03/14/2012 - 10:41 | 2254080 flacorps

Why should that piece of paper get any more respect than the now-downtrodden Constitution? Defenestrate the Fed and lock its participants up in Gitmo as terrorists. The unconstitutional milieu they helped create can swiftly turn against them.

Wed, 03/14/2012 - 10:17 | 2253915 dick cheneys ghost

I know, i just tweeted them the question...........lets see if they answer

Wed, 03/14/2012 - 11:16 | 2254286 johnQpublic

now send them 900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

more questions....

Wed, 03/14/2012 - 09:53 | 2253768 bugs_

block them

Wed, 03/14/2012 - 09:53 | 2253774 LongBalls

Wow...they take questions? Let's ask them for the best location to exchange our FRN's for United States Noes per 12 USC 411.

Wed, 03/14/2012 - 10:02 | 2253801 Sudden Debt

RESPONSE: Yes, we like to lick the frosting off dognuts and porn in the morning to.

Wed, 03/14/2012 - 10:31 | 2254018 a growing concern

I hadn't seen this before. Does "lawful money" aside from FRNs exist in the US? I know there were silver certificates for a while, but is there any alternative "real" currency now?

Wed, 03/14/2012 - 10:37 | 2254055 Sudden Debt

The closest to a credible dollar you guys have on your continent are "Looney Dollars"... GOD SAVE THE QUEEN!

Wed, 03/14/2012 - 09:56 | 2253781 adyaner

Googolplex this¡¡ solved...

Wed, 03/14/2012 - 09:56 | 2253786 lizzy36

Federal Reserve is really doing the full court media press.

Must be an election year.

"we are here to help"

Best to be percieved as transparent....hopefully everyone will forget their FOIA requests.

Long live the legacy of Mark Pittman!

Wed, 03/14/2012 - 10:38 | 2254059 TruthInSunshine

And Paul Krugman is Johnny on the Spot, doing the heavy lifting to protect The Bernank's coat of slime:

Macro Retrogression - NYTimes.com

krugman.blogs.nytimes.com/2012/03/14/macro-retrogression/

Wed, 03/14/2012 - 09:56 | 2253787 a growing concern

Scientific notation, bitchez!

Wed, 03/14/2012 - 09:56 | 2253789 Burr's 2nd Shot

This is being done to prevent "miscommunications" between itself and member banks. Now, information can be leaked directly to the population at large, no need for intermediaries.

Wed, 03/14/2012 - 09:57 | 2253794 non_anon

oh man, this is beyond me, color me....

Wed, 03/14/2012 - 10:01 | 2253822 Bunga Bunga

Wait, according to Moore's law in computers everything doubles every 18 months. Way to go here.

Wed, 03/14/2012 - 10:03 | 2253831 Sudden Debt

how humanlike of them to do so....

Wed, 03/14/2012 - 10:03 | 2253838 Rainman

Great...now we can access propaganda and misdirection as it happens in real time !!

Kudos to our benevolent money masters !!

Wed, 03/14/2012 - 10:05 | 2253850 Moneyswirth

#priorities

Wed, 03/14/2012 - 10:06 | 2253856 resurger

@federalreserve

QE is quaint, if you have anything new please let me know..

Wed, 03/14/2012 - 10:06 | 2253857 adr

This is just so the Fed can tweet how many shares of Apple each bank should buy.

Apple is showing every bubble sign. Retail investors who hold shares are now to scared to sell because they will miss out on more profit. They see the stock rising 10% in one week and can't push the sell buton because they think they can make another 10% next week.

My exponential call on Apple last month is going pretty well. 2 months to go from $400-$500, one month to go from $500-$600. From what it looks like Apple wll hit $700 by the end of March. $800 by the end of April's first week. Then $100 increments every day. Cisco Squared, welcome back to 1999.

Wed, 03/14/2012 - 10:09 | 2253874 eurusdog

Scientific notation as well as exponential notation allow many more zeros than one could imagine. The fed will never limit itself to 140 zeros.

Wed, 03/14/2012 - 10:17 | 2253917 Bunga Bunga

TurboDebt Release Notes

20.0

Fix 140 digit limit. Using float instead of integer.

19.0

....

Wed, 03/14/2012 - 10:10 | 2253878 doggis

tyler,

just a thought ~ is the the BUYBACK portion of the JPM pre emptive (err maybe co-ordinated) statement last night, and now STATE STREET BUYBACK - is this because the top management plan to divest (read DUMP) their holdings and a buyback is needed to disguise this process???

If so, this is less than bullish!

Wed, 03/14/2012 - 10:11 | 2253886 GMadScientist

Okay 140 zeroes, but what number base?

Wed, 03/14/2012 - 10:13 | 2253891 pepperspray

Going full retard @federalreserve today with diversity training seminar

Wed, 03/14/2012 - 10:17 | 2253922 Shizzmoney

Cue the "CTRL-V" tweet jokes

BTW, rumor has it that the next annoucement will be that the Federal Reserve has acknowledged that man landed on the moon.

Wed, 03/14/2012 - 10:22 | 2253950 Hobbleknee

How did the Fed get a .GOV domain?

Wed, 03/14/2012 - 10:43 | 2254089 Diamond_Dave

figure they want to follow young chicks who want to party, hate their teacher, and will turn 18 tomorrow you go ben

sarc :/

Wed, 03/14/2012 - 11:00 | 2254187 mantrid

For media inquiries, call 202-452-2955

lol what did they create twitter account for if they still stick to obsolete communication? this is an example of joining trendy bandwagon without actually realizing what do they do it for. zombie bureaucrats.

Wed, 03/14/2012 - 11:03 | 2254209 DavosSherman