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$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion
Too sad for commentary, but here is some math: total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president.
(as a reminder the most recently updated debt ceiling is $15.194 trillion)
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8 531 157 931.27 troy ounces = 265 348.673 metric tons
lookup officially reported gold holdings here:
http://en.wikipedia.org/wiki/Gold_reserve#Officially_reported_gold_holdings
hahahahahahahah
this is not just a house of cards... this is beyond. we are fucked.
get ready to fight.
Only 5.3 billion ounces of gold mined in human history. So 8.5 trillion ounes is beyond the realm of possibility. Maybe, we can find that amount it in an American Dream.
Funny isn't it....back in early 2009 everyone was saying "just let me recoup these losses, and I will never play the markets again". Here we are with ALL the problems just bigger, more complex, fragile and opaque....and people still have their wealth back in the markets (at least most people). How stupid are people???????????
This is a great interview with Kyle Bass - from 2010 I believe. It is long (1 hour) but probably one of the best, insightful discussions I have ever seen.
http://www.youtube.com/watch?v=WWgtzwqWh60
B.T.F.G.
or in my case B.T.F.S.
From this euro side of the Pond FRNs & short term Treasuries look attractive now.
This debt is just replacing credit accounts - reducing levarage.
However its what you do with the debt that counts - if you continue to blow it on crap America will implode the entire planet.
Then investments become slightly different in character.
Imagine this:
A female occupy wall streeter screaming at cops and waving some paper in their face
Cops punch woman in the face
Woman makes funniest face I have seen in years
(fast forward to 1:40
http://www.youtube.com/watch?v=NxjLxoqVqGo&feature=share
The "piece of paper" is apparently a court order.
"Woman makes funniest face I have seen in years"
Only this time you didn't get a domestic violence rap and a restraining order.
hey it's mr. racist bigoted asshole making another appearance!
thanks for coming by, i hope you got the attention you were seeking...
now do us all a favor and go crawl back under that rock.
Hey it's Mr. cry baby I'm manic depressive and whine and complain about everything
I'm not racist, I dislike niggers, chinks, wasps, wet backs, crackers, jews and snake charmers equally.
Go to the pharmacy and pick up some Prozac before your depression infects us all.
See Math Riddle above concerning Waffen Wurfer's 50 states proposal !
Fucking shit. That is disgusting.
5 damn trillion and ALL FOR WHAT?!
Gawd, at this rate we will be at 7 to 10 billion by goddamn election day 2012 with a bloody craptastic continuing resolution deeming the budget as passed on a voice vote at night.
This kind of bullshit is making me ANGRY. Maybe angry enough to fight.
WHY?
Because George Washington on his Resignation Speech back in the 1700's said for our Government not to spend more than it borrows. If you recall, back in those days it was several times when the Gov't did just that.
While I have to balance my motherfucking check by goddamn book. Each month.
Makes me half tempted to disconnect the phones, net and crap and just go cash and white lightning only along with the necessary stuff somewhere in the faraway land where there is food to shoot, fish to catch, trees to cut and things to do making a proper life without this moneypit.
RANT. RANT. RANT.
Compared to the roar of the stupid Protests and the thud of boots in time with shields making drumbeat before they are cleared out, it's amazing how anyone can think at all for a while in quiet and peace.
http://www.youtube.com/watch?v=-2bZnqlNyJ0
Ummm.... Ummmm.... Ummmm....
I think I'll take the day off tomorrow and celebrate by playing a round of golf.
WE DID IT!
"When George Bush came into office, our debt -- national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it. ... But actually I'm cutting more than I'm spending so that it will be a net spending cut."
-- Obama, during an Oct. 7, 2008, debate in Nashville
2008 United States federal budget - $2.9 trillion (submitted 2007 by President Bush)
2011 United States federal budget - $3.8 trillion (submitted 2010 by President Obama)
and Krugman amongst other jerks (CNBC comes to mind) think we need to spend more as if we have not been spending enough in order to get our way out of this economic mess.
Long gold and farm land ... the only real investments.
Looks like the Rothschilds around the world will be having Lobster tonight... :0)
Woo hoo!
In all, about 121 million people or 41 percent of the U.S. population paid no federal income tax. This is why 50 percent of the population paid 97 percent of the taxes . In essence, they had to pay the taxes the others did not pay.
Financial sector of USA very close of collapse !
Today, at the close, below of 12,80-12,90 again after august.
See here: http://pracompraroupravender.blogspot.com/2011/11/setor-financeiro-eua-divisores-rompidos.html
We're #1 . Yeah
Financial sector of USA very close of collapse !
Today, at the close, below of 12,80-12,90 again after august.
See here: http://pracompraroupravender.blogspot.com/2011/11/setor-financeiro-eua-divisores-rompidos.html
i guess this gives ron paul a stronger platform......
Secession, yes! See www.dixienet.org
Former Penn State football coach Joe Paterno's long service at the university theoretically puts him in line for a pension of more than $500,000 a year, according to an Associated Press analysis of state public pension records.>>
http://msn.foxsports.com/collegefootball/story/Former-Penn-State-footbal...
<<Harrisburg, Pennsylvania’s capital, files for bankruptcy>>http://www.washingtonpost.com/business/economy/harrisburg-pennsylvanias-...
Finally
and Syria here we come up to 17 tri... before...
Come on Ben
Good God! This calls for a drink...or ten
no mention of 'off-balance' sheet debt...trouble in Gotham City Batman!
Obama will tell you that if he didn't spend the 40% more, the unemployment would have been 100%. You choose between a jobless USA or a debt mountain USA.
Way to go Barry...way to fucking go.
Small post http://thethoughtfultrader.blogspot.com/
Zimbabwe government will soon send flowers for your great achievement.
the plan of fiat FRN's and the world reserve currency..no matter how high the US debt goes..it will not matter - in fact it is better for the USA..how so? there is NO other Money system in the world that can consume the trillions in debt across the world nothing to put any value in ..as long as the oil producers take fiat FRN's the world economy works. as long as farmers take the FRN things are fine.
The elite bankers who own the FED think they have squared the circle.
The US military can keep the oil states in check..ala Iraq and Libya..no mid east oil producer dares trip us up..Iran you are next comes to mind,
Euro tried to sneak up on the FRN and we all can see what happened.
some choose to live a life of worry amidst a crumbling world based on shallow promises of grandees. others choose to buy gold and silver and live as free men unencumbered by the parlor games of others.
Thanks alot Jews!
But they're giving you free monies:
http://ww3.freddiemac.com/ds1/sell/sffrny.nsf/frmDisplayRNY?OpenForm&pre...
And how many people stopped watching DWTS or whatever, to see this figure and understand what it means?
Interesting 'test' where about 49% is the average score and 55% is the 'scholars' score. And leave the left-right stuff at the door...
http://www.isi.org/quiz.aspx?q=FE5C3B47-9675-41E0-9CF3-072BB31E2692&AspxAutoDetectCookieSupport=1
I missed 2 and I knew one of them but the vodka is catching up to me...actually I think it ran me over and backed up...
This is not good. If Ron paul gets into office next year to cut debt, it might still be too late
Dear little Dapper:
Mr. Papademos is a physicist. Look it up. He is also one of them.
If everyone in America gave up all of their assets would there be enough to pay it off?
Probably not.
So, if everyone in the United States gave all of their assets to the Federal Government, would there be enough to pay off the Debt?
Probably not.
50 (miles^2 = 640 acres) @ $10,000 per acre $320,000,000.
http://www.dailypaul.com/167181/china-wants-to-construct-a-50-square-mile-self-sustaining-city-south-of-boise-idaho
Idaho has a total of 83,574 sq. miles. so 83,574 *640 * $10,000= $530,487,360,000. ($530B)
within 30 years (according to the exponential function we are discussing here) they could easily take our country, without force. The upside is that we'd probably get some decent politicians. They execute people like corzine over there. There is a reason the highest ranks of the military are saying the debt is the biggest threat to national security. It is the same reason active and retired military support Ron Paul more than all other candidates combined.
who cares if it is fed debt or unfunded liabilities or any other BS accounting term.....if the fed gov stops penny, the whole game ends. everyone is suppoerted by tax dollars whether it is a crack whore welfare mother or ge capital.......
So, my FRN's denomination will be expressed in scientific notation in the coming year?
Oil=newest currency, watch and listen
Promise them anything, but give them more DEBT...hahahahahahahahahahahahahahahahahahahahahaha........................
Meanwhile, back at Goldman Sachs:
http://www.youtube.com/watch?v=7edeOEuXdMU
I'm not sure why all you commies read this site. Your net worth is composed of Pizza Hut coupons, after all. I hear they are boarding for the Golgafrincham B-Ark over by Grand Central. Why don't you occupy your asses over there?
And as far as what is going on in the economy, it is merely the Barackalypse.
15 trillion passed today and 7 billion people on the planet passed on Halloween...lets do the math on that one, if every person on THE PLANET paid off the US debt how much per person would that be?
"barry X, the abandoned b a s t a r d of an illicit union between a deranged, teen aged, communist w h o r e and malcolm X, has his instructions from london to permanently destroy America and her economy via debt, debase her currency, euthanize the greatest generation, demoralize her military via homosexuality, exhaust it in a wild goose chase in the "graveyard of empires", and disarm it via fiat. He does hate America, especially White America, and does love his works of treason and destruction. It is through this that all his actions may be understood.
I hope the military honors their oaths, steps up and eliminates this a s s h o l e. This son of a w h o r e is the walking definition of a "domestic enemy" and we won't sit still anymore for his treason.
NEVER EVER forget the fellow travelers of the malevolent mainstream media that conspired to foist this muslim nation wrecking b a s t a r d on America are responsible. They intentionally sold us this traitor.
The demokratik soviet is comprised of 22% of the population (blacks, jews, queers, transgenders, illegals, communists, muslims and abortionists) An amalgam of misfits tied together by nothing more than malevolent envy and hate for Property Rights and Natural Law.
This man is actively destroying an America he was raised to hate, is supported by communists in the media and must be neutralized for the good of all.
It should be considered that barry soetoro is a communist or muslim plant groomed to completely destroy America from within."
-written 3 years ago. prescient author "unknown"
15 trillion passed today and 7 billion people on the planet passed on Halloween...lets do the math on that one, if every person on THE PLANET paid off the US debt how much per person would that be?
One thing is for sure. The guys and gals in Washington have either spent too much on stuff like a needless war machine, or taxed the elites too little, and as a result have mortgaged all of our and our decendents futures. All for the sake of avoiding "The Next Great Depression" while making the wealthy even wealthier. Gotta wonder, though, if we had right-sized our debt to, say, $10 trillion instead of $15 trillion, how we'd be feeling about the long food lines, urban riots, and massive crime spree that would have already infected our nation's depressionary environment. That wouldn't have been fun, but what's ahead of us ain't any fun either.
I heard the treasury just purchased a $15T credit default swap, so we're all good.
http://www.godlikeproductions.com/sm/custom/9c5654a7a5.jpg
http://www.washingtonpost.com/politics/obama-administration-quietly-brac...
Obama administration quietly bracing for debt supercommittee failurehttp://www.leap2020.eu/GEAB-N-59-is-available-Global-systemic-crisis-300...
(...)
Let’s keep in mind that the state of US private debt is far worse than in Greece! In this context, we are not far from a panic-inducing situation abount the United States’s capacity to repay its debt other than with a devalued currency. The end of 2011, then, will see many US debt-holders seriously considering this ability and of the precise moment when it might suddenly be called into question by all financial players (32).
What could the United States offer after the failure of its “Supercommittee”? Not much, particularly in an election year! On the one hand it was created because other actions were not working, and on the other the issue is not so much one of amount but of the very ability to undertake a significant and sustained reduction. The failure of the “Supercommittee” will rightly be seen as evidence of this inability of the US in tacking the deficit problem.
In terms of the amounts at stake, a quick calculation by a USreader of GEAB gives some sense of how much the “efforts” undertaken to reduce the budget deficit are ridiculous in relation to the needs : Treating the US federal budget as that of a household, things become abundantly clear. Simply remove 8 zeros for budget that comes to mean something for the average citizen:
Annual household income (income tax): + 21,700
Family expenses (federal budget): + 38,200
New credit card debt (new debt): + 16,500
Past credit card debt (federal debt): + 142,710
Budget cuts already made: - 385
Budget reduction targets of the Supercommittee (for one year): - 1,500
As can easily be seen, the Supercommitte (like Congress last August) cannot even agree to a 10% reduction … of the annual increase in federal debt. This is how it is: unlike in Europe, which, over the months, has introduced new mechanisms and takes steps to reduce expenditures and debts (33), the US continues to run full speed into increasing debt. As a matter of fact, ni the next semester, Washington plans to issue 846 billion US dollars worth of Treasury bonds, 35% more than this time last year (34).
(...)
Obama today told the Australian Parliament how the US has gotten its financial house in order, and cut it's deficit, and all is well again, or soon will be.
http://www.abc.net.au/news/2011-11-17/brack-obama27s-speech-to-parliamen...
Greenshoots v2.0!
real leadership bitchez ... with the hard choices already made!
I feel much better.
The "P" in POTUS is for "putz".
Long debt clock digits.