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Ironic "Scariest Chart Ever" Redux - America Will Surpass 100% Debt To GDP On Halloween

Tyler Durden's picture


Earlier today we presented Bloomberg's Chart of the Day which represented the GDP and Debt per capita on a historical and projected basis, and we hysterically, and tongue-in-cheekly, dubbed it "the scariest chart ever" because it confirmed that at some point, very soon, US Debt will surpass GDP and never look back. We decided to dig into the actual numbers (cancelling out the per capital denominator as it is the same on both sides of the equation) and came to a very disturbing revelation: as of today, total US Debt, is $14.942 trillion (source), obviously an all time high. Q2 GDP as was reported by the BEA three weeks ago, was $15.012 trillion in current dollars. In other words, the spread between total GDP and total debt has now collapsed to an all time low $70 billion. Incidentally, this number was $1.8 trillion at the beginning of 2010. Then we decided to take a quick look at the upcoming bond issuance and find that tomorrow the Treasury will announce approximately $99 billion in 2, 5 and 7 Year bonds to be auctioned off October 25 through 27... With a very appropriate settlement date: October 31, elsewhere known as Halloween. Yes, ladies and gentlemen: All Hallows E'en will be doubly scary this year: for the first time since World War II, US debt will officially surpass GDP on Halloween 2011.


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Wed, 10/19/2011 - 16:45 | 1790255 Jeff Lebowski
Jeff Lebowski's picture

Also, my rug was stolen.

Wed, 10/19/2011 - 16:55 | 1790290 Western
Western's picture

Iran is to blame. Let's get em boys.

Wed, 10/19/2011 - 17:12 | 1790309 Pladizow
Pladizow's picture

Even more scary is that Halloween is the day world population is forecasted to hit 7 Billion!

Malthusian Bitches!

Wed, 10/19/2011 - 17:12 | 1790338 nope-1004
nope-1004's picture

Isnt' the red line the debt ceiling line?

You have it labeled incorrect.


Wed, 10/19/2011 - 17:13 | 1790343 SilverIsKing
SilverIsKing's picture


Wed, 10/19/2011 - 17:27 | 1790397 mikla
mikla's picture

Scary debt clock

Wed, 10/19/2011 - 17:31 | 1790413 mtomato2
mtomato2's picture


Mikla has been here 1'50"

I've been here 1'51"

I want the picture-publishing-switch turned on for me, too!

Wed, 10/19/2011 - 18:06 | 1790551 redpill
redpill's picture

Ironically, US Manufacturing employment is currently lower than it was in WW2, in fact the lowest since 1940 (not even adjusted for population growth!!!).



Wed, 10/19/2011 - 21:24 | 1791097 flacon
flacon's picture


Wed, 10/19/2011 - 18:12 | 1790580 nope-1004
Wed, 10/19/2011 - 19:59 | 1790905 Henry Chinaski
Henry Chinaski's picture

Scariest chart ever of the hour.

Wed, 10/19/2011 - 22:03 | 1791217 Harlequin001
Harlequin001's picture

Scariest chart ever of the hour... in America.

Wed, 10/19/2011 - 19:45 | 1790848 Shocker
Shocker's picture

That Chart looks much better now that you spiced it up for Halloween.

Wed, 10/19/2011 - 20:08 | 1790929 DeadFred
DeadFred's picture

Parity Party in costume!!

Thu, 10/20/2011 - 02:55 | 1791724 Arkadaba
Arkadaba's picture

Love it!

Wed, 10/19/2011 - 19:23 | 1790776 gangland
gangland's picture
Thu, 10/20/2011 - 23:37 | 1795894 BoxCar
BoxCar's picture

Blue line appears to be the Debt Ceiling as its raised in increments

Red Line happens to BE the Debt we've incurred, so you're right

somethings screwey with the chart- it doens't even show the GDP

Thu, 10/20/2011 - 23:41 | 1795901 BoxCar
BoxCar's picture

Its worse- the Debt passed GDP this time LAST YEAR (Oct 2010)

Wed, 10/19/2011 - 17:20 | 1790369 AldousHuxley
AldousHuxley's picture

Halloween + OWS = ?

Wed, 10/19/2011 - 17:32 | 1790417 SilverIsKing
SilverIsKing's picture

Free candy corns for everyone?

Wed, 10/19/2011 - 17:54 | 1790518 Bay of Pigs
Bay of Pigs's picture

An episode of The Walking Dead?

Wed, 10/19/2011 - 17:57 | 1790525 LongBallsShortBrains
LongBallsShortBrains's picture

Corn holing for taxpayers.....

Ah hell ..... Corn holing for all!
Sweet like candy corn!

Wed, 10/19/2011 - 18:23 | 1790614 buyingsterling
buyingsterling's picture

your avatar = proof free speech still exists. Always makes me laugh.

Wed, 10/19/2011 - 18:25 | 1790620 nmewn
nmewn's picture

More stolen laptops & iphones.

Wed, 10/19/2011 - 21:43 | 1791159 krispkritter
krispkritter's picture

Liberal cousin just posted a pic showing Tea Party protesters carrying guns at a rally on one side, OWS protesters being hauled off by the cops on the other.  Her Lib friends were all bemoaning the fact that the TP had no common sense for carrying guns in public and that the OWS were being brutalized by the police for no reason. Frankly, I think the reason the OWS protesters were being beaten down by the cops was they had no common sense and they brought ipads and not guns...given that they staged this in NYC, oh well...

Thu, 10/20/2011 - 00:29 | 1791553 tyler
tyler's picture

Calling people lib and shit doesn't fly with me.  I spent many years as a brainwashed neo-con and used to say the same shit.  I'd try to play the victim even though in this case the peaceful protesters being pepper sprayed, body slammed and arrested on made up charges are the real victims.  I don't think like that anymore and live a way happier life.  You should save your family stories or complaints for facebook, if your dumb enough to have an account, that's what it's there for.  

Thu, 10/20/2011 - 05:35 | 1791781 krispkritter
krispkritter's picture

One, what do you call someone who calls themselves a Liberal? I didn't say Lib-tard, Lefty, etc. Maybe I was being glib but they are in fact, liberal-minded. Two, if you used to do it then you're still being a hypocrite now. So you're 'Born Again'?. Three, whether I comment on material from ZH, Huffpo, CNN, or FB is pretty irrelevant considering the breadth of sites that are commented from on ZH everyday. Four, so you're an anti-social, anti-neo-con, anti-labeling, what? Who hangs out on a site with 10's or 100's of 1000's of users who post opinions, rants, and anecdotes and your problem with FB is what? Oh yeah, pure genius. Each site serves it's own function. And who says I give a shit what fly's with you?

Thu, 10/20/2011 - 03:20 | 1791735 seventree
seventree's picture

That's all they need, is for one firearm to turn up at OWS and turn the whole place into a SWAT free-fire zone.

Thu, 10/20/2011 - 06:02 | 1791791 krispkritter
krispkritter's picture

Lookup 1. Restraint  2. Deterrent  Yeah, because the 2nd Amendment was all about creating gun sales.../s "That's all they need"  Yeah, maybe. Some here see the larger scenario playing out without violence, others with violence. Do we need more violence? No. But what's to stop the 'Wall Street Rent-a-Cops' from busting heads now? Cameras? iPads? Nope... "What country before ever existed a century & half without a rebellion? And what country can preserve it's liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms." TJ "... Laws that forbid the carrying of arms . . . disarm only those who are neither inclined nor determined to commit crimes . . .for an unarmed man may be attacked with greater confidence than an armed man." CB

Thu, 10/20/2011 - 05:45 | 1791786 nmewn
nmewn's picture

"Liberal cousin just posted a pic showing Tea Party protesters carrying guns at a rally on one side, OWS protesters being hauled off by the cops on the other." 

"Progressives" tend to try and bend time & space to suit their own purposes. Even the vacuum of space has nothing on the deafening silence when it comes to investigating Fast & Furious gun running to Mexican ciminal cartels.

And I really don't remember the Tea Party blocking bridges that ambulances use to transport the sick & injured or simply to go to work. I can't recall them shitting into street gutters next to cop cars

Wed, 10/19/2011 - 20:20 | 1790957 krispkritter
krispkritter's picture

Do Skittles come in Kandy Korn? Or are they breeding a whole new lineup of Kandy Korn shittin' Unicorns for Halloween?

Wed, 10/19/2011 - 18:08 | 1790566 Agent P
Agent P's picture

Quite a few Guy Fawkes masks I'm guessing.

Wed, 10/19/2011 - 19:51 | 1790875 Raphio
Raphio's picture

...and zombie bankers

Wed, 10/19/2011 - 18:14 | 1790584 Uncle Remus
Uncle Remus's picture


Wed, 10/19/2011 - 18:41 | 1790653 JR
JR's picture

Oregonian OWS cartoon:

Big happy, wealthy lobbyist in black suit and striped tie standing in front of Capitol Building, reporting back on cell phone in midst of a very large crowd of wealthy black suits and ties with toothy smiles carrying LOBBYIST brief cases and Congressional lobbyist calling cards:


Thu, 10/20/2011 - 02:17 | 1791703 Yen Cross
Yen Cross's picture

 I read that "Reply"  , last night J.R> I also read the rebuttal. I was impressed. You both did well.


     J.R.  You have been a good teacher.


              Please tell me you aren't trading that pathetic   Swiss franc/ aussie idea?      You know  Seans trade....

Thu, 03/29/2012 - 02:27 | 2299774 jaffa
jaffa's picture

The debt is an obligation owed by one party to a second party, the creditor, usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. Thanks.
toronto personal trainer

Sat, 03/31/2012 - 07:43 | 2306026 jaffa
jaffa's picture

Halloween costumes are traditionally modeled after supernatural figures such as monsters, ghosts, skeletons, witches, and devils. Over time, the costume selection extended to include popular characters from fiction, celebrities. Thanks.
landscaping forums

Wed, 10/19/2011 - 17:03 | 1790318 dlmaniac
dlmaniac's picture

Enlist every occupier and unemployed to invade Iran might be just what it takes to boost this economy back to boom. Let's call it Operation Krugman.

Wed, 10/19/2011 - 17:09 | 1790335 whatsinaname
whatsinaname's picture

And does the 100% include the off-balance sheet liabilities related to Fannie & Freddie ?

And will Iran be renamed Krugmanistan ?

Wed, 10/19/2011 - 17:52 | 1790511 CompassionateFascist
CompassionateFascist's picture

No on 1, yes on 2.

Wed, 10/19/2011 - 18:33 | 1790637 wisefool
wisefool's picture

I thought Krugman wanted to beat back some aliens and take their stuff? Starship Troopers "neo-keynsian" style.

Planet Krugman! He is just the hero we need to defeat the "brain" bug. And vindicate this years' nobel econ PhDs. I read their acceptance statements, para: "Hey, were are trying, but we are going to right just about as much as we are wrong". Translation: "the printing press makes money when it is turned on, it does not make money when it is turned off. I has PhD!"

Wed, 10/19/2011 - 20:21 | 1790958 cynicalskeptic
cynicalskeptic's picture

Except Iran can fight back.  A few of their current gen cruise missles (care of the russians and Chinese) will cause a world of hurt on US carriers in the Gulf.

Iran is not a war you want to start.   Of course we're ignoring the political fallout ion the Islamic world and the blow-up of the world's oil markets... not to mention China's reaction.

Wed, 10/19/2011 - 20:37 | 1790997 UP Forester
UP Forester's picture

And let us also not forget all the former-Soviet bioweapon engineers that were starving in the 'Stans until Iran gave them all the food, pay, housing and play toys they could take....

Bioweapons are a hell of a lot cheaper pound for pound than nukes, and a whole helluva lot deadlier and easier to transport....

Thu, 10/20/2011 - 00:18 | 1791525 CPL
CPL's picture

This old hymn....sigh...


You are worried about Iran?  Now?  Seriously?

Wed, 10/19/2011 - 20:50 | 1791035 Louie the Dog
Louie the Dog's picture

Iran is not a war you want to start. 

Better to play a game of M.A.D. with them 10 years from now.  We can trust them.  

Wed, 10/19/2011 - 22:07 | 1791239 Harlequin001
Harlequin001's picture

'A few of their current gen cruise missles (care of the russians and Chinese) will cause a world of hurt on US carriers in the Gulf.' - You can't afford them anyway.

You can either scrap 'em, sink 'em or sell them to the next guy who's going to invade you.

But you can't keep 'em, you're broke...

Thu, 10/20/2011 - 01:47 | 1791675 Ponzi Unit
Ponzi Unit's picture

Don't see the sarc, so FUCK YOU dlmaniac.

Wed, 10/19/2011 - 19:09 | 1790730 Hard1
Hard1's picture

0% Trick for the savers, treat for debtors

Wed, 10/19/2011 - 19:09 | 1790731 Hard1
Hard1's picture

srry, double post.

Wed, 10/19/2011 - 16:55 | 1790291 Chaffinch
Chaffinch's picture

so when those lines cross I guess we can expect... Mr Stay Puft!

Wed, 10/19/2011 - 16:58 | 1790298 SilverRhino
SilverRhino's picture

Gozer the Gozerian ... the Traveller has CUM.

Wed, 10/19/2011 - 17:05 | 1790326 fuu
fuu's picture

Ray, when someone asks you if you're a god, you say "YES"!

Wed, 10/19/2011 - 17:10 | 1790336 rcintc
rcintc's picture

 What did you DO, Ray?

Wed, 10/19/2011 - 17:16 | 1790350 fuu
fuu's picture

Oh, shit!

Wed, 10/19/2011 - 21:54 | 1791189 Phil Free
Phil Free's picture

I tried to think of the most harmless thing ... something I loved from my childhood ... something that could never, ever possibly destroy us.  Mr. Stay Puft.

Wed, 10/19/2011 - 17:45 | 1790476 ElvisDog
Wed, 10/19/2011 - 16:59 | 1790302 Poor Grogman
Poor Grogman's picture

Form a committee immediately to report directly to whoever can give the best excuse....

Wed, 10/19/2011 - 17:01 | 1790311 nyse
nyse's picture

You loved that rug, Dude.

Wed, 10/19/2011 - 17:33 | 1790419 mtomato2
mtomato2's picture

Then, as now, it is the Chinaman...


Wed, 10/19/2011 - 19:08 | 1790725 Pool Shark
Pool Shark's picture



...and this guy peed on it.

Wed, 10/19/2011 - 17:20 | 1790362 Long-John-Silver
Long-John-Silver's picture

Also, my rug was stolen.

The Carpetbaggers are on their way. Hide everything you value.

Wed, 10/19/2011 - 17:21 | 1790371 stormsailor
stormsailor's picture


Thu, 10/20/2011 - 01:21 | 1791644 RafterManFMJ
RafterManFMJ's picture

The Carpetbaggers are on their way. Hide everything you value

Hide your kids, hide your wife?

He's climin' in yo window, snatchin' yo people up...

Wed, 10/19/2011 - 17:38 | 1790442 EINSILVERGUY

it really tied the room together Ami wrong?

Wed, 10/19/2011 - 17:40 | 1790454 chicagoedward
chicagoedward's picture

Separate incidents

Wed, 10/19/2011 - 17:48 | 1790488 caerus
caerus's picture

that rug really tied the room together, did it not?

Wed, 10/19/2011 - 18:41 | 1790651 Conchy Joe
Conchy Joe's picture

I mean this TOTUS goes out and owes money and they pee on my rug...

That's right Sheeple.... they peed on your fucking Rug.


Wed, 10/19/2011 - 19:43 | 1790840 krispkritter
krispkritter's picture

Actually they rolled the economy up in it, put it in the trunk of a Caddy, and it was last seen headed for Jersey...

Wed, 10/19/2011 - 20:22 | 1790963 cynicalskeptic
cynicalskeptic's picture

Newsflash - the economy's already in concrete footings on a not to be namd otherwise abandoned construction project - just like Jimmy Hoffa.

Wed, 10/19/2011 - 17:48 | 1790489 ffart
ffart's picture

And on this night... you will visited by three ghosts. The ghosts of deflation's past, the ghost of deflation's present, and the ghost of bernanke's money printer.

Wed, 10/19/2011 - 21:53 | 1791183 New American Re...
New American Revolution's picture

And it really brought the room together...

Thu, 10/20/2011 - 01:24 | 1791648 RafterManFMJ
RafterManFMJ's picture

Don't be fatuous, Jeffrey

Wed, 10/19/2011 - 16:46 | 1790256 strangeglove
strangeglove's picture

Trick or Treat Bitchez!

Wed, 10/19/2011 - 16:49 | 1790268 Ruffcut
Ruffcut's picture

Trick you out of any treats, bitchezz. Only a bag of dogturds for the beggars.

Wed, 10/19/2011 - 16:47 | 1790257 Manthong
Manthong's picture

And government spending is counted as about 24% of GDP.

All tricks, no treat there.

Wed, 10/19/2011 - 16:53 | 1790281 Hedgetard55
Hedgetard55's picture

+55 kajillion

Wed, 10/19/2011 - 16:59 | 1790303 surfersd
surfersd's picture

If the economy is growing at X, 40% (debt to revenues) of which is debt financing and 24% of the economy is governmnet spending then what is the real GDP of this economy? Debt to GDP at 100% by Halloween, fudgitabit we have been over 100% for a couple years.

Can't wait to see if a Republican wins the Presidency and he is forced to really cut spending, yikes OWS protests everywhere. Maybe he just kicks the can further down the road.


Wed, 10/19/2011 - 17:01 | 1790310 Chaffinch
Chaffinch's picture

Strip out government spending, strip out the 'finance industry', strip out the media... How much GDP is left that really equates to useful Wealth Creation?

Wed, 10/19/2011 - 17:12 | 1790342 nmewn
nmewn's picture

About thirty three fiddy.

Wed, 10/19/2011 - 17:17 | 1790352 Hansel
Hansel's picture

Damn you monsta!

Thu, 10/20/2011 - 02:20 | 1791711 Yen Cross
Yen Cross's picture

 2 fiddie?        I need a hat!

Wed, 10/19/2011 - 17:45 | 1790473 Getagrip
Getagrip's picture

GDP is relative. Gotta keep the dream going- until the nightmare starts. 

Wed, 10/19/2011 - 18:05 | 1790552 LongBallsShortBrains
LongBallsShortBrains's picture

A dollar two ninety eight

Wed, 10/19/2011 - 17:53 | 1790515 Beastmanager
Beastmanager's picture

Pumpkin carvin bernanke´s head


Wed, 10/19/2011 - 17:58 | 1790527 CompassionateFascist
CompassionateFascist's picture

And half of gov't spending is debt-creation. Debt is now our Most Important Product.

Wed, 10/19/2011 - 16:46 | 1790258 Ruffcut
Ruffcut's picture

But debt fuels the GDP peice of shit number. Does this make it bullshit squared?

Wed, 10/19/2011 - 18:07 | 1790561 LongBallsShortBrains
LongBallsShortBrains's picture

TPTB would like that.... Square a negative...... Boom. Instant positive

Wed, 10/19/2011 - 16:46 | 1790259 SheepDog-One
SheepDog-One's picture

Dang, BULLISH! Got to be bullish for something or other, it HAS to be! Maybe I'll look for a good carrot and stick leveraged ETF.

Wed, 10/19/2011 - 17:28 | 1790382 DosZap
DosZap's picture

And Senator Walter Mitty of AZ, made the most idiotic statement I have ever heard come out of a Pols mouth.

With your numbers in mind, states Walter(Harry Reid),Uh, scuse me, Walter' Harry WTH is going to produce taxes to pay for this hogwash?.(public sector jobs produce NOTHING.)

I swear he has Dementia, or a Brain tumor.



PS: note to self,"Must use Spell Check!".

Wed, 10/19/2011 - 17:34 | 1790427 mtomato2
mtomato2's picture

Yeah, but he's from Nevada, right?

Wed, 10/19/2011 - 18:01 | 1790536 CompassionateFascist
CompassionateFascist's picture

Neither. Dingy Harry has something far, far worse. A tyrannical Jewess for a wife. She calls the shots.

Wed, 10/19/2011 - 18:14 | 1790588 macholatte
macholatte's picture

I swear he has Dementia, or a Brain tumor.

Neither. He's a Progressive.

Wed, 10/19/2011 - 18:24 | 1790618 Blano
Blano's picture

Worse, He's a Progressive.


There, fixed it fer ya.

Wed, 10/19/2011 - 18:42 | 1790655 Conchy Joe
Conchy Joe's picture

Being a progressive means that the brain is too small and soft to grow tumors.

Just algae.

Thu, 10/20/2011 - 03:04 | 1791728 Arkadaba
Arkadaba's picture

No progressive is just a word they whip around to get the right riled up. It is so obvious! Dumbass

Wed, 10/19/2011 - 19:04 | 1790721 DosZap
DosZap's picture


Neither. He's a Progressive.

Yes, I am fully aware of it. At this point, even regular J6P's have to be asking themselves if this is a MANUFACTURED take down.

If anyone doesn't think so, they are dumb as a stump.IMHO

Wed, 10/19/2011 - 16:47 | 1790260 statlawyer
statlawyer's picture

Just curious... what was Germany's debt/GDP ratio after WWI (including the war reparations payments)?

Wed, 10/19/2011 - 17:00 | 1790301 baby_BLYTHE
baby_BLYTHE's picture

just imagine if the U.S. was forced to pay WAR reparations for every war from WWII- Obama's War on Libya

Wed, 10/19/2011 - 17:06 | 1790328 fuu
fuu's picture

Libya is so last quarter, it's all about Uganda now.

Wed, 10/19/2011 - 17:22 | 1790375 Hansel
Hansel's picture

Fuckin' war.  Guys always want to play god when they get all the power.

Wed, 10/19/2011 - 18:22 | 1790612 Miss Expectations
Miss Expectations's picture

And it's occured to me that Herman Cain is just the guy...

Thu, 10/20/2011 - 03:05 | 1791730 Arkadaba
Arkadaba's picture

... to lead America into the the twilight zone?

Wed, 10/19/2011 - 18:33 | 1790634 DosZap
DosZap's picture


We do, we spend trillions tearing/blowing stuff up, and killing/ get killed.

And then when its over we go back in, and rebuild it for free.

The liberated, then make contracts (Oil) with China, or Russia,anyine but us..................never us.

Have figured out that one yet.

Just one more way to add to the deficit.And kill of our best and brightest.

Wed, 10/19/2011 - 20:36 | 1790991 baby_BLYTHE
baby_BLYTHE's picture

So the approximate 1 million Iraqis and Afghanis we killed over the last decade were resurrected by US in this 'free' rebuilding process you describe?

Wed, 10/19/2011 - 20:43 | 1791017 UP Forester
UP Forester's picture

Nah, they're just fertilizer to grow radioactive DU rutabagas....

And candy corn!

Wed, 10/19/2011 - 22:11 | 1791253 Harlequin001
Harlequin001's picture

'And then when its over we go back in, and rebuild it for free.' - That's good for GDP isn't it?

Wed, 10/19/2011 - 17:05 | 1790261 hambone
hambone's picture

I'm amazed by the number of folks willing to piss and moan at the status quo, curse the government, TPTB, the Fed but when anyone mentions that to forge a resolution to this may involve conflict and yes, violence, (either inflicted upon those pushing for change or by those in search of change) everyone backs away.

Yet, absent the threat and willingness to engage and if neccessary become violent...or draw TPTB to resort to violence upon protesters, shit will not get real.  Change will require a vision and commitment.  People will ultimately need to resolve that they are willing to risk their safety for liberty, freedom, and a better future.

I'm not advocating violence but I'm also not willing to foresake it as a tool that may ultimately be essential.

Wed, 10/19/2011 - 17:08 | 1790333 Pladizow
Pladizow's picture

Summary: Revolution = Bloodshed.

Wed, 10/19/2011 - 17:24 | 1790381 A Lunatic
A Lunatic's picture

Revolution=Bloodshed=Liberty and Justice for ALL=No more free shit for ANYBODY. Get off the wagon, Bitchez.

Wed, 10/19/2011 - 17:35 | 1790432 macholatte
macholatte's picture


The sadness of the women's movement is that they don't allow the necessity of love. See, I don't personally trust any revolution where love is not allowed.
Maya Angelou


It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford

Power is not a means, it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship.
George Orwell

Every revolution evaporates and leaves behind only the slime of a new bureaucracy.
Franz Kafka





Wed, 10/19/2011 - 18:12 | 1790479 hambone
hambone's picture

Macho - good and well all points, particularly trading one corrupt gov for a new corrupter government. 

Still, reinstating Glass-Steagall w/ some stability in our economy over the fragility of ultra leverage, resolving revised payments of unfundable liabilities, creating the opportunity for jobs / purpose for millions of unemployed in a highly mechanized / technologized / wage abritraged society will not happen on it's own. 

Functioning Democratic Republic = Some assembly required.

Wed, 10/19/2011 - 19:46 | 1790849 pavman
pavman's picture

Its a shame Barney Fa fa fa frank couldn't grow the cajones to actually re-institute the pieces of glass-steagall that were repealed.  Instead we got shit on a stick.  And that's not a reference to his lifestyle (albeit, might as well be).

Wed, 10/19/2011 - 17:18 | 1790358 wisefool
wisefool's picture

Vote for Ron Paul. If you cant convince your freinds to vote for Ron Paul then trick them into voting for Cain as the anti-Ron Paul, and that Romney/Perry are not good for another reason.

It is a faustian bargain, But when everyone pays taxes, including the people who dont pay taxes now (the rich and poor) People will not be so crazy about all this quagmire. Charities that provide real assistance will still get donations. Lobbiest groups wont have the nirvanna of being tax exempt to argue for tax exemption (or making people not gay) Wars that dont need to be fought will lack funding. Despite what they are saying, if the gov tries to raise the input stream past 9% we can have one issue candidates for legislature that will bring it back down. The Buerocrats can squabble with each other for the best way to spend what they are granted from the revenue stream. The bond market will be able to price loans to gov predictably. 

Again, I am a die hard Ron Paul supporter, but Cain is a (far) second choice for fixing what ails us.

Wed, 10/19/2011 - 17:44 | 1790472 tgatliff
tgatliff's picture

I agree, but Cain is not the man.... At first I was fooled into thinking he was similar in his mindset to Ron Paul.  However, after his comments on the Occupy Wall Steet situation, it became clear to me that Cain is nothing more than a amateur establishment candidate who will say anything to get elected.

Wed, 10/19/2011 - 17:48 | 1790492 Getagrip
Getagrip's picture

Wasn't he also a fed reserve associate???

Wed, 10/19/2011 - 19:48 | 1790864 pavman
pavman's picture

He was a President of the KC Fed *Board*.  Which means he's more like the Bernanke than the Presidents of the Fed.  Confused yet?  Translation: He most likely leans towards printing money and devaluing over reigning in spending.

Wed, 10/19/2011 - 17:53 | 1790516 wisefool
wisefool's picture

I actually dont think he has all that much to gain by being president. And some people think the whole thing is just a stunt not to be president, but to get a TV show instead of just radio. Same way factually that Gingrich is just stroking his ego and Bachman/Santorum are running for VP.

But, sometimes simple solutions and clarity, even if offered without expected acceptance, are the solution.

There is virtually no difference between what Romney and Obama would do. And we dont really need another 4 years of this stuff.

Ron Paul all the way, but we cant have 4 more years of BushClintonBushObamaRomney.

Wed, 10/19/2011 - 18:00 | 1790533 Bay of Pigs
Bay of Pigs's picture

Herman Cain is a Bankster puppet/shill and a people hating monster. Give me a fuckan break.

Wed, 10/19/2011 - 18:09 | 1790569 wisefool
wisefool's picture

You might be right. But as I said, if we cant get Ron Paul we are going to have four more years of this stuff under Romney or Obama. I honestly can think of a single policy decision that one would make different from the other. Same as Obama is turning out to be just like Bush II.

Wed, 10/19/2011 - 18:44 | 1790660 Conchy Joe
Conchy Joe's picture

(Bush II on Meth)100

Wed, 10/19/2011 - 19:29 | 1790797 buyingsterling
buyingsterling's picture

I hope it's Paul or Obama. Obama's not going to put anyone in the process of waking up back to sleep, nor will Paul. The others are just sedatives.

Wed, 10/19/2011 - 19:38 | 1790821 wisefool
wisefool's picture

One of my major problems with Obama's second term is that the Dems are going to lose both houses of congress, and we probably got 3 supreme court appointments in the next term. Which means instead of fixing the economy, we are going go back to wedge issues for the sheeple in long drawn out confirmation hearings. And thats if he doesn't try to put hillary on there.

  • "Candidate Judge _________ Do you think Picard or Kirk were better captians of the enterprise?"
  • I like _________
  • But, I do like turtles. Does that count for anything?

Ron Pauls noms would be a breeze. "I like the constitution. you got a problem with that?" And then Ron Paul would fix the economy.

Wed, 10/19/2011 - 19:37 | 1790819 DosZap
DosZap's picture

wisefool ,

Well as a knowiamafool, as I have walked Terra Firma, I have found one truth when it comes to life.


Wed, 10/19/2011 - 18:05 | 1790555 DosZap
DosZap's picture

wisefool ,

Well, you are going to have two, maybe three choices that have a legit shot to get the nomination.

Mitt/Cain/Perry..............................( Unless Cain can get some BIG $ in a hurry, he's done,unless the Obama factor kicks in, or his 9-9-9-9- Plan is fully outed.

It increases taxes on 84% of the American people.

That dog won't hunt.

All the rest are OUT of it.

The only way Paul can be elected is if he is INSTALLED as POTUS.

Wed, 10/19/2011 - 18:14 | 1790586 wisefool
wisefool's picture

I know, its not a good situation, But then 84% of people might starting holding the federal government more accountable.

I admit I am not very smart, but as a metaphor, As you age, age taxes you. So you start paying more attention to your health. If 60% of the country gets candy from the government, why would they ever bite that hand? Lack of accountability leads to corruption, not democracy.

Wed, 10/19/2011 - 19:50 | 1790867 pavman
pavman's picture

IDK, the way Gingrich helped out Ron Paul the other night when Santorum was trying to throw him to the mat, makes me think he's trying to get a VP slot w/ Paul.

Wed, 10/19/2011 - 19:23 | 1790782 Pampalona
Pampalona's picture

Vote for Frazier's dad...

Wed, 10/19/2011 - 20:56 | 1791053 Louie the Dog
Louie the Dog's picture

Wars that dont need to be fought will lack funding

I'd vote for him except I don't believe Paul has the cahones to fight a war that NEEDS to be fought.  In fact, I'd bet on it.  

Wed, 10/19/2011 - 21:24 | 1791096 wisefool
wisefool's picture

Which one? I dont mean to be combative but Sec-DEF Gates (ret.) Said that the #1 national security threat to the USA is the debt. China and other proxies could take our influence around the world and actual american land without firing a shot.

China is not going to over pay for skyscrapers like Japan and then give them back. China is buying farmland in Idaho and shipping centers in the USA. Its one thing when everything we buy is imported. Its another when chinese robots do the shipping and sort ala amazon. ITs another thing when the chinese own the robots and ports/terminals themselves.

EDIT: Besides, there is a provision for this in the constitution. If congress tells him to go to war. he would. End of story.

Wed, 10/19/2011 - 17:40 | 1790452 Abitdodgie
Abitdodgie's picture

I'm not advocating violence but I'm also not willing to foresake it as a tool that may ultimately be essential.

I'M advocating violence , the sooner we get them out and dead the sooner we can move on.

Wed, 10/19/2011 - 17:46 | 1790482 tgatliff
tgatliff's picture

"Those who make peaceful revolution impossible will make violent revolution inevitable." - JFK

Wed, 10/19/2011 - 17:48 | 1790465 tgatliff
tgatliff's picture

It is too early to talk about "fixing" the problem.   You have to accept that a problem exists before someone can present a solution.  Ron Paul is a great example.   He is the only real political candidate that is open in saying what is occuring, but because most of the public is still in the denial/negotiating phase he is understanably being shunned.  Once society moves into anger/acceptance, then I think people will be surprised at how many political candidates propose the exact same solutions the Ron Paul is proposing today.  As a society, however, we are just not at that point yet...

Wed, 10/19/2011 - 19:53 | 1790881 Dapper Dan
Dapper Dan's picture


Everyone wants to go to heaven, no one wants to die.

Wed, 10/19/2011 - 16:47 | 1790262 ReallySparky
ReallySparky's picture

Oh that is jacked up. Scary.  I think I will tell each little trick or treater that they are officially now slaves.

Wed, 10/19/2011 - 16:56 | 1790284 dwdollar
dwdollar's picture

That's a good way to get the cops called on you. You're only suppose to scare the children with toxic plastic costumes from China.

Wed, 10/19/2011 - 17:52 | 1790509 Getagrip
Getagrip's picture

Careful, they're just kids, and we don't want them to go suicidal when this gets out. We already have way too many folks on anti depressants...

Wed, 10/19/2011 - 19:55 | 1790877 pavman
pavman's picture

Besides, they'll need to stay nice and healthy so they can work in the American Gulags for the banksters when the time comes.  After all, work is freedom!

Here's some scary food for thought: I was working downtown Chicago for card services for JP Morgan Chase... each floor had a theme.  The 3rd floor was nasa and had paintings that reminded one of space travel.

I was fortunate enough to work on the Commie floor.  It was grey and black with a bit of white (and a red area with a secret room)...anyway, everyday on my way to das cube I passed two of those authentic Communist work posters with hammer and sickle, and a bunch of smiling Commies from yesteryear marching to work.  Everything was in Russian, but I could tell they were authentic propaganda posters.  Talk about hostile workplace!

Thu, 10/20/2011 - 02:17 | 1791705 merizobeach
merizobeach's picture

That's one view.  Another view is this: I would like very much to see hordes of sheeple opting to be euthanized.  With billboards and MSM ads and slogans like "Euthanasia: The Noble Choice", a continent-wide string of Compassionate Care Clinics, International could open up in every city and town offering full euthanasia services--no appointments necessary, all walk-ins welcomed, optional counseling available, any form of insurance accepted, and fees may be waived.  As Little Timmy stands out in front of his school, waiting for mommy to pick him up, sniffling because he failed his test and he knows daddy's gonna beat him.. he looks over his shoulder, and next to the school is the neighborhood euthanasia clinic; on the door is a big blue Doraemon with a huge open-mouth smile and circular hands outstretched, and Little Timmy sobs, " uh, uh [sob, sob]" as he walks toward the door, and as he nears, the door opens a hypnotically beautiful and serene smiling nurse greets, saying, "Come in, Little Timmy; you're welcome here.  We'll take care of you!"  And inside is a beautiful small atrium with a fountain and soft classical music; the gentle, gorgeous staff have you settled into a comfortable reclining chair; you don't even really feel the prick of the IV, and in just a minute you drift peacefully into the deepest sleep you've ever known.  Hasta.  When Little Timmy's mom pulls up in front of the school, she looks around in puzzlement at his absence, and then she sees his little school hat on the sidewalk where it had blown from off Little Timmy's head in the wind as he entered the clinic; and with great defeat, she realized the past eight years had been a failed exercise in parenting.  She wonders if maybe she should see what it's like inside one of those clinics that so many people have been talking about and visiting recently..

Thu, 10/20/2011 - 06:18 | 1791799 Element
Element's picture

Oh man ... that's it? ... give up because of transient life events? ... life's short enough ... there were people (stupid enough) to sacrifice themselves so you could live your life ... how about honouring them by getting over or helping each other get over life's transients instead?

Thu, 10/20/2011 - 10:19 | 1792712 mahalopamala
mahalopamala's picture

Children do need to be protected by their elders.  The youngsters also need adults with discernment to teach them.  Too bad we have so few real adults (too many kids in 30 year and older bodies that act like whiney babies- look at any sports arenas if you don't know what I mean).  Also, many of the adults that are mature, do not share the truth in love.  What I mean is- when you love someone, you want to nurture them and help them to grow and learn.  Someone you truly love and not objectify, will respond to this teaching.  Truth and love are the answers to fear and confusion. 

Yes- I realize this is off the original topic/story.  However I felt the need to share. Cheers!


Wed, 10/19/2011 - 16:47 | 1790263 steve from virginia
steve from virginia's picture


Hmmm ...


What are we at war with now?


Ourselves and our interstellar space platform. Smart ...!

Wed, 10/19/2011 - 16:51 | 1790274 SheepDog-One
SheepDog-One's picture

We've always been at war with Eastoutterspace.

Wed, 10/19/2011 - 16:56 | 1790293 ptoemmes
ptoemmes's picture

Ouselves indeed...


"Jon Stewart Rips GOP For 'Pitting Americans Against Americans' With 'Take Our Country Back' Rhetoric "

Wed, 10/19/2011 - 16:48 | 1790264 docmac324
docmac324's picture

Rot-roh.  Looks like I picked the wrong month to stop buying ammo.

Wed, 10/19/2011 - 16:56 | 1790295 s2man
s2man's picture

Thanks for the reminder.  I buy silver religiously.  But haven't picked up any ammo in a while...

Wed, 10/19/2011 - 17:31 | 1790414 fuu
fuu's picture

Damn you uttered silver and religiously in the same post. That is going to summon RNR/LFP now.

Wed, 10/19/2011 - 17:18 | 1790354 mynhair
mynhair's picture

For yucks, pick up a pellet gun.  Better for plinking those Molotovs in OWS hands.

Wed, 10/19/2011 - 16:49 | 1790266 arizona11912
arizona11912's picture


Wed, 10/19/2011 - 16:49 | 1790267 Little John
Little John's picture

I can't decide whether to go trick or treating  as J M Keynes or Stalin.

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