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so, which bank in europe is being fed, and when will those pensions be replaced? well, i'm waiting over here!
hey ma! look! i'm first!!!!
someone is being bailed out secretly....who it be?
Everything is just fine over at BOA.
Just pass a new regulation to mark national debt as wealth. Why worry?
yeah, lol, I am sure they ginned up the FY10 number to look better than it was. Now we see $162B of what should've been last year's deficit showing up in the first 3 days. Lying as a High Art
The real question is, Tyler, can we PLEASE have an open thread tomorrow once we pass 15,000,000,000,000 (15 trillion)?
No soup for you!
If consumption with borrowed money = growth, then surely debt = wealth?
Absolutely, since they count gov't spending as part of GDP, and half of that = debt creation. DEBT is now America's most important product.
I can't wait for that!!
Yo T - what would you or I or most any other poor bastard on ZH say bout this tomorrow we haven't already said...Fuck saying any more about this and preaching to the converted.
Time has come for ZH'ers to form the "fight clubs" city by city, ZH local chapters...we need to take this message to "the people". The time for chatting bout how to invest to enrich ourselves is behind us. The problem is becoming a bit larger than returning alpha.
It looks like the '#occupy...', folks have already started this.
My flight leaves Tues, meet you in Liberty Square?
I'm in for the Portland, OR event - anyone in PDX...here is the info
Occupy Portland is Portland's answer to the Occupy Wall Street movement happening in New York City. The demonstration of solidarity with the Wall Street protesters will begin at noon on Thursday, October 6th, 2011 with a march out of SW Waterfront Park. Following the march, a public space in Portland will be "occupied" and used a a central location for meetings, events, and communications.
I thought about it, but I still have a job. Also, when the Portland anarchists inevitably show up and start acid etching/breaking windows, it'll make everyone look like a douche.
Yeah, I've got my trepidations about attending (I work in PDX and manage a team of folks...not sure I'm ready to come out of the ZH closet quite yet) and worried this event could be hijacked by jackass' who want more socialistic programs...but that's the point, it's gotta start somewhere than normal people (or whatever I am) start saying no fucking more. No more lying, warring, fraud, socialism run amok, no more golden bailouts for Countrywide, BAC, Lehman, AIG, no more money printing to pay for shit we can't afford, no more politics as usual. Blah blah blah.
Marching doesn't do much. I'm using the Iraq war demonstrations as an example. They will either die down or turn violent in the end. IMO the best we can do as individuals is deprive the beast whenever possible the fruits of our labors, in order to hasten the inevitable implosion.
Either way, good luck!
I can respect your POV and thanks man...not overly optimistic about it but I'm willing to try anything to attempt to save this b4 it turns really ugly..I know it's a low probability gig but better than no chance if I resign myself to "the inevitable".
Hambone, the Portland crowd is too whacked out. I won't even go downtown anymore. You could end up in jail. Your boss might not like that. When the middle class starts protesting, I'll join in. Besides, I'm not much of a follower. I don't follow orders barked out by some smartass kid with a bullhorn. I am repulsed by the mob, and run the other way. Imagine if those Portland fruit loops got power. I don't even want to think about it.
115 800 000 000 000$
Thats 115 800 billion dollars. Big picture. Bankrupt.
"The real question is, Tyler, can we PLEASE have an open thread tomorrow once we pass 15,000,000,000,000 (15 trillion)?"
Perhaps a Parity Party instead, a kegger? I can bring homemade salsa- garden fresh tomatos.
That is more than the net worth of both Buffett and Gates if we confiscated all their wealth.
We could confiscate the entire forbes 400 list's wealth and be able to cover our government spending for about 6 months!
WHOSE GOING TO PAY THOSE 73 CENTS??
PLADIZOW'S BREASTS, I'M LOOKIN' AT YOU!
You could confiscate the entire net assets of the ancient nation state of Greece and cover your entire government spending for about... er.... oh.....
But it would slake the envy of all those closet socialists for a little while!
To: GFKJunior and GenXinvestor - Kyle Bass?
This is what I expect to happen. And this is what I call," French Revolution II"
We were going to confiscate all their wealth but then Buffet and Gates had this real cool idea to have us confiscate everyone else's wealth instead and so we're busy doing that now.
That one was codified into law in 1913. Gates and Buffet are wannabes, hoping to be let into the game.
Appears to be Social Security, Medicare, or Medicaid as $120B of this is an increase in intragovernmental debt.
What others items are intra-governmental? FDIC isn't, is it?
ehhh its just probably obummer spending tax dollars on golf or vacation
That's what I was thinking. Michelle go on vacation again?
I am shocked they report this anymore. We don't need to know this and they are bullshit numbers no one can verify anyway.
What $15 Trillion looks like: http://usdebt.kleptocracy.us/
Perhaps the US Gov is trying to reach a debt goal, like a thermometer guage to be colored in at a charity drive?
$162 billion in THREE DAYS.
Ford class aircraft carriers cost about $9 billion each.
For that amount of money the USA could have completely replaced EVERY USN CVN aircraft carrier afloat (11) and all of their aircraft. And we spent it in THREE FUCKING DAYS.
You mean it's wasn't fast enough for you? I'm sure they will try harder. :P
Actually, they likely spent more than this since this is just the increase in debt. Some of the spending would be funded from tax receipts so they are really spending more than just what they are borrowing.
yes, because thats all this country needs---to pump more money into the crony inflicted money pit that is called the pentagon.
Did I actually recommend a solution in that? I was putting the $$$ flow into perspective. Or can you find a BIGGER single discrete piece of machinery to illustrate the point?
What $163 BILLION buys -
Sort of drives the point home how MUCH $$$ this government is pissing away.
easy silver--never mess with a rhino......just had to say in case you had any ideas
Point very well made.
Actually the figure seems to be 323 million man-years of labor.
This does show how far the finance industry has become decoupled from the (real) lives of most human beings and the real world, and how enormous is the tail that is wagging the dog.
The pooch is screwed, that “tail”that is wagging the dog, is actually the remainder of the snake that crawled into the dog’s ass back around 1913 and has been a parasite since.
Awesome visual. Thanks for the new email sig, I'll be sure and give credit.
Hank, I was quoting the $163 billion and stating how they spent 3.5 million man-years of $$ in three days but your figure of 323 million man years is for $14.858 trillion of debt. Damn. One guy working since the dinosaurs appeared (Triassic period, 225mya) wouldnt make up for that debt.
Come on this money was just an advance payment for shit like this. Wait till you see the whole bill
Nah, Timmy is just buying some NFLX.
Keep printing Uncle Ben, Uncle Sam needs every bill that comes out of the press, since foreigners aren't buying our debt anymore. If it wasn't for total secrecy, we'd all know what you guys (Fed, Treasury dept.) are up to. Just let us know in advance when you are about to pull the plug and crash everything.
Amerika..chuggin along at a snails pace $2 and a quarter billion dollars per hour. We're sooo fucked!
Instead of the FED, Congress should just get a Black AMEX with no limit and earn some fucking points while they are making their minimum payments.
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