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US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday, $310 Billion More On Deck In Next Two Months
Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one more time according to the algorithmic fantasies of voodoo priests with pieces of Ivy League parchment on their walls? Well, two days later, the dry powder is less than $1.1 trillion. In other words, in the past two days, total US debt increased by $120 billion, along the lines of our expectations, as the Treasury filled up all the G-fund cash it had pillaged to continue issuing debt throughout the month of January even though it was formally above the debt ceiling. What is more concerning, is that as the chart below shows, the trendline of US debt since the beginning of 2011 is no longer a straight line, but has slowly transformed into a parabola, the very same word used as the root in such other infamous words as, for example, parabolic.
It gets worse: even according to the drastically, and very unrealistically, downward revised borrowing expectations of the Treasury released yesterday, the US will issue $444 billion in debt in this quarter. Today's number means that in February and March alone Tim Geithner will raise another $310 billion, which will send total debt to $15.7 trillion as of March 31. What is the final debt ceiling? Just under $16.4 trillion. So the US will have $700 billion in debt issuance capacity for the 7 months leading into the presidential election (and 9 until the end of the year).
Now naturally, if the debt ceiling becomes a sticking point at the election, Obama's chances of reelection plunge. Which makes us wonder - will Republicans grasp that the paradox of defeating Obama is precisely in giving him a carte blanche on all the stimulus programs he wants? Because if Congress approves another $200, 300 or even $400 billion in stimulus pork (the only thing better than one Solyndra? One thousand Solyndras!) the Treasury will drown in the need to raise hundreds of billions more, and will in fact hit the ceiling well in advance of the elections. As for the stimulus projects themselves, they will crash and burn just like all centrally planned endeavors, and actually results in a far worse outcome than if they had never been attempted. Because ironically, now that the entire world has passed the Rubicon, and unfortunately there really is no way of fixing anything, the only thing one can hope for is letting the status quo get on with doing what it does best, and leading the 100 year process of central planning to its sad and terminal conclusion, only after which can the "fresh start" reset occur. Ironically, the same thing is true with the farce that is the debt ceiling: the best way to finally get back to a fiscally prudent regime? Why go to town, of course.
And, we almost forgot to add, as of today, total debt to GDP is once again well over 100% even with the latest Q4 GDP data, at 100.4% and rising every day.
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http://www.youtube.com/watch?v=lH_6mBhjg1s&feature=related go Timy
Lol... There really isn't much more to say anymore
Did anyone else notice how nice and flat the debt curve was from Apr 11 to Jul 11? That suggests that just refusing to raise the ceiling is just as effective at curtailing the accumulated debt as common sense suggests. So, next time around, (looks like around Sept-Oct at this rate) lets just run a free cash flow for a few years and see how that works. So, the solution to debt really isn't more debt.
Wrong on all accounts since during that period they were robbing the federal employee pension account for their defecit spending. The line wasn't really flat because the line on another ledger was taking a huge hit.
Left pocket/right pocket IOUs... Same thing they do with the SS Trust Fund.
Tyler, no blurb on the Baltic Dry hitting a fresh 25-year low?
Can you show me the projection over the next 1000 years or if thats to much how about 20, 50, 100 years. Its to the point of a fly trapped in a spiders web, waiting, hoping that the spider is already dead.. But what of it, dead or not your still trapped.
How much information is safe for consumption and how much is unsafe.
I look outside and : The wind still blows, the grass still grows and the sky is blue.
Even if i coud, would i be allowed to do so?
IN 5k years those born will not have the creative ability of a dog.
IN 100k years no human will out out match a machine.
In 1 Million years humans, if they exist will have no greater ability then a rodent does today.
No wonder humans have never detected another civilization.
But today the sky was blue, the breeze was warm and the trees did grow; even if just a little.
So I guess that means you won't be renewing your donation to SETI this year?
Thats funny :)
Seti will have to do without my donation this year im afraid. Im sure they will make there target non the less.
May they make contact and may i make a good meal or do a neat trick for any who come to this moldy old rock.
"...stranger from another planet, welcome to our hole. Just slap on your guitar, and we'll play some rock 'n' roll. But the money's no good, just get a grip on yourself..."-The Stranglers
Seti douches should maybe be looking in the mirror - seems that judging by the relation of our ecliptic to that of the Milky Way we actually belonged to the dwarf Saggitarius galaxy that is colliding with the MW. Jeezus we're the aliens...
http://www.space.com/12952-milkyway-galaxy-shape-galactic-crash.html
bingo
Dont forget the garbage men, The school bus and the mail man. All three arrived today.
And the great thing is, long after the mail man has delivered the junk mail and I've thrown it all in the trash for the garbage man to haul away, our children who rode the school bus, will be paying for all three of their pension & medical plans while workin at the local Mickey D's!
Just filling in for the absent MDB/Hamy ;-)
Good call.
The USeless Feral Police State needs to make pissing money down rat holes it's one and only priority!
It will not last; few things do.
I'm hoping my cheerleading will hasten the demise.
USA! USA!! USA!!!
ROTFL!!!
What are you gonna do? I know what im going to do. Im going to watch Marty w / Ernest Borgnine on Turner movie classics. Then im going to bed.
I'm going to try to squint to see what im typeing and then drink some more, eat and watch some uitube creativity. For we draw breath this hour, this day. Let us show those who come after that on this day we lived.
I am at peace with God. You seem to be also. Amen my brother. Go in peace
If power makes you an asshole then guess what 'god" is?
I have no power. I am nothing but a feeble specter. As far as god goes, I guess we wont know anything till we pass on. Until then, Its all about what you believe .
"...you people, you sit there... you're in for one helluva surprise!"- Christopher Walken
In death, if we are disappointed we won't know it.
--John Adams
That's John Adams repeating what his Doctor said, after he told him he had altzheimer's and dyslexia. The real qoute was, ''We won't know it'' ''if we are dissappointed'' ''in death''. Lol. http://www.youtube.com/watch?v=457N1m4oUZw
Josie Cotton, ''all black holes are gay''
...mind twister for a gambler huh? Lol. http://www.youtube.com/watch?v=Q2-GqYkwjTM
http://bible.cc/revelation/21-8.htm
2012
''Demand&Destruction''
....that's what ''they'' call the NWO Algo Stealth Drones
...that carry WMD's
AKA
Chairsatan & Rosemary's Baby
http://www.youtube.com/watch?v=F-GQC1VXUL0
I was listening to an interview with Frank Newman (Deputy Treasury Sec. under Clinton) the other day. The primary point he made was that the national debt was nothing more than an irrelevant statistic that shouldn't even be reported and that we need massive deficit spending right now in order to spur "growth." He argued that, with very few exceptions, the national debt has never been payed down and no one really expects us to.
Yep folks, this is where we are headed ... As the central bank ponzi scheme is increasingly exposed for what it is, the financier class is moving from denial to a naked defense of their actions. They're going to try and cement the global wealth transfer system into place.
It makes one wonder what role influential bureaucrats think they will play when the great R-E-S-E-T button gets pushed. I wouldn't underestimate what angry, starving people might do in dark times. Bureaucrats might just be on somebody's menu.
http://www.youtube.com/watch?feature=player_detailpage&v=bKkCKiX9l9o
The debt is a spiral into the abyss that cannot be stopped other than through a cancellation - a jubilee - and we have to face it before things really get bad:
http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...
http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...
http://strikelawyer.wordpress.com/2011/12/31/brief-history-of-jubilees/
The third paragraph of this article encompasses so much of the discussion that no one talks about.
The Republicans are giving Obama the rope to hang himself, though putting on a good show doing it. However, the rope provided to Obama to hang himself is crippling us as a country. Obama seemingly WANTS the U.S to fail as I can't imagine anyone with a firing synapse thinking this level of debt is healthy or will lead to any sustainable or meaningful future growth. What if Obama doesn't care though because he knows he's gona' lose? The debt burden will be on the next President(s) to deal with. In the mean time he can further spread his Marxist ideology throughout America primarily by doing everything he can to aid labor unions and through other multifarious intricacies (Solyndra, Ener1, Obamacare, class warfare, etc etc etc)
Maybe it's something far more ingrained in the genetics of society. There's an article that I believe I have posted here before but I believe it holds a lot of truth. Could it be true that democracy really is an unsustainable form of government? I strongly rec. reading this http://thecompassdotorg.wordpress.com/2012/01/15/democracy-musings/ Because at the end of the day, it's up to the citizens to make the change, but if the government can lull the sheeple into a catatonic state of never having to care about self-responsibility, why would the citizens ever care about taking care of themselves? This leaves them in the position to continue voting for those willing to take care of them the most and thus the final result being loose fiscal policy which ultimately leads to.....
Read H.L. Mencken's opinion on democracy..you might enjoy it.
Mob rule with a suit and tie. The problem is that humans always find leaders and follow them so what is the best way to decide who leads if voting isn't?
I'll pick up a copy of the book.
To which I reply from my above comment:
If I tell you I'll pay your mortgage would you vote for me? Ahhhhh but of course. However, if I'm using your neighbors money what would you expect him to say?
The answer is that the value of your labor should be yours. Communal tax should be very limited ie;, roads, national defense, fire department, etc. I think most programs should be abolished like social security, medicare, etc. It should be the responsibility of the individual to provide for themselves.
I find your 'et ceteras' unclear, please clarify what other communal (see that right there?) costs, in addition to the drains on my labour you've already listed, you wish to offload on the rest of us, pinko.
Please clarify whatever is you're talking about.
oops, forgot who I was commenting to for a second there.
'et cetera' is the same as 'etc.' You alll caught up now? Hmm, probably not yet...let's try this:
You concluded that comment with,
"It should be the responsibility of the individual to provide for themselves. " yet before that you listed a wide range of services at your disposal that you expect me to pay for with my taxes, and it included et cetera(s). I was inquiring what other commie freebies you failed to mention, but ironically think I should cover for you.
Getting there now?
Nope, need more clarity
Sorry, "...clear as an azure sky of deepest summer" is the best I can do red.
'Walden' by Thoureau is as good as it gets.
Minimilization, opting out of the government's racket, simplicity, self-sufficiency, and certainly no farcebook.
Kick him again, Lou...... He don't get it.
Bob:
Another good read is When Money Dies: The Nightmare Of The Weimar Hyperinflation by Adam Fergusson.
...Don't know if you've heard of it... lots of scary real comparisons to the current situation.
Lot's of Zh'ers know this book....
***Required Reading***.
I will add it to the list.
Everyone wants me to read a book. I'll get to it when I can.
I know you read this, BD (or hope you did - here's a link in case not; it's not a book, but an article about Niederhoffer getting his ass handed to him when he was all high & mighty, before he imploded from arrogance and his prized silver ended up in the hands of the Philistines):
gladwell dot com - blowing upSend wife on few more junkets, that will hurry along the process of decay.
Tyler...Did you listen to Noland's interview today on FSN...Been a long time since we heard from him....
Fixed it...Too many things at once...
OOOOOOOO
YYYYY
Serious Question:
Where is all of this money going?
I don't seem to be getting much out of the deal, other than affirmation that we now have the ability to blow up people across the world via XBoxes down in NM.
http://usdebtclock.org/
320 million Americans probably have never heard of the site.
Almost $4 trillion just in interest on the debt. I bet $4 trillion could create a lot of jobs.
I wear special glasses when I look at that site... they change red to green and green to red.
Makes the picture look much better.
This one might help
http://www.usgovernmentspending.com/us_budget_pie_chart
Added...here's a good one on federal compensation vs private sector compensation...I got tired waiting for it to load...good luck to anyone else ;-)
http://cbo.gov/doc.cfm?index=12696
damn, the private sector ought to organize, they're getting ripped off by their employers, judging by CEO compensation.
Or for your amusement were you just trying to pit what's left of the middle class against itself again?
http://www.youtube.com/watch?v=3Rl46Dpy-P4
Also, according to that site, income tax is barely rising, payroll tax is decreasing, and corporate tax is in a near standstill.
I sense catastrophe in the making.
The Nat. debt was 10.696 trillion when Obama took office. As Tyler has stated it will be 16.4 trillion by this year.
So about $5.7 trillion increase.
Can anyone give me the number of jobs created under Obama?
I'd like to take 5.7 trillion and divide by however many jobs Obama "created" to find out the cost of each job created. I'd almost be willing to bet the interest on the debt accumulated per job would be more than the job (created under Obama) pays. I'm not in a math mood so some other endeavoring soul can do that.
$1.12 Trillion per Skittle-shitting Unicorn, by my count....
What is your obsession over Obama anyway?
Not that I am trying to defend the record (as far back as it goes --- apparently not more than 15 or 20 years) of the Great Mulatto Messiah in any way, but do you REALLY think that ANYTHING would be better under a President McCain, or a President Hillary, or a President Ghouliani? Stop playing into all the nonsensical left-right bullshit distraction for the masses already!
I think its more along the lines of, the American people deserve a better and more accomplished liar than the one we have ;-)
The american people get what they deserve, and deserve what they get.
Just sayin'
Love my Mencken ;-)
Yeah Baby - they 'deserve to get it good and hard' at that said the sage of baltimore
hear' hear'
You want to make this about race. I am empowered by the force of numbers.
$5.7 trillion in debt is not only more than all prior Presidents combined but it equates to...
5.7 trillion divided by (American population of about 302 million) = $18,874 for every man, woman, and child just under Obama. A child born today owes $18,874 dollars and he/she hasn't even sucked on his/her moms tit. This doesn't even take into account the amount of interest involved in the servicing of that debt.
THIS IS THE DEBT UNDER OBAMA ALONE!!!!!
Yes, but you are implicitly blaming it all on Obama, like a good little left-right zombie.
In reality, Obama had about 0.1% of the responsibility for that debt, so put the blame where it really lies --- with the Congress, and indirectly with all the sheep who keep demanding the continuation of the welfare-warfare state --- and not with its figurehead leader.
Uh, excusee muah? Who is the one taking credit for job creation?
Funny how he omits how much money each job costs, and who has to pay for said jobs.
Also, don't forget 50% of the country pays.....................0% federal income tax.
Why don't they pay some tax? I bet their mood would change if they were paying taxes.
akak - I won't speak for nmewn or Bob, but my 'thing' with Obama is that the chasm between what he says and what he does is more vast than any POTUS that I've witnessed in my lifetime, and based on my understanding of American History, probably any POTUS who served before I was born.
That chasm between talk and action isn't of the benign variety, either. It revolves around some things that I believe are central - I'd argue critical - to whether this nation is able to recover or sinks rapidly into the abyss.
As just one example of what I'm speaking of:
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006
NDAA 2012 is another big one. Obama shreds the constitution, allowing for (unless the SCOTUS intervenes and changes what's now U.S. policy via its role as the ultimate arbiter of such matters) the targeting and killing of American Citizens, even on U.S. soil, absent any formal charge of wrongdoing, never mind absent any right to a trial or any other form of due process.
As Joe Biden would say, "[t]his is a big f*cking deal!"
.
Perhaps. But was it fundamentally any better when the Shrub promised us crony capitalism and fascism --- and gave us exactly what he promised?
NDAA was givin to the figurehead on a platter by 90+ vote thru Senate.Is this one person or a collaboration of many?
Obama is a radical that hates alot of things American, first and foremost the Constitution and the rule of law. McCain isn't. Hillary is a radical to a lesser degree. Obama runs around the world apologizing for the bad things we've done. McCain wouldn't. I could go on for a long time but I've got better things to do....Fuck Obama - done.
Where is all of this money going?
This is not money. It's ctrl+p debt service. The original "money" was spent a long time ago (in a galaxy far, far away.)
how much longer can the central powers that be pretend and extend?
longer than you can stay solvent betting against them - unless you are veeery patient
"Deficits don't matter" - (my daughter wants a) Dick Cheney
http://www.manybooks.net/titles/burroughsb1409114091-8.html
look at "Themes for debate" page 135 onwards of the pdf.....
Very interesting considering it was written in 1889!
Hate to say it, but the new numbers are priced in.
Now Facebook, that wasn't priced in, lets rip the financials higher and higher.
/snark
the lunatics have taken over the asylum
...their fiscal (mis)management is genuinely insane. A 1st year business student tripping out on LSD could manage a budget better than these Washington morons
Where did America find that village idiot, Timothy Geithner?
And that cretin Ben Bernanke who thinks liquidity solves a debt problem, dishes out $Trillions to the US Govt to spend then complains they're spending too much?!!
the lunatics have taken over the asylum
The lunatic is in the hall. The lunatics are in my hall.
Frankly, this is all the American people should need to read to throw this entire clown show out of the White House.
there's only one way to throw a Govt out of office, and it's not by voting for a new one
Stop Paying Your Taxes
Zero Tax = Zero Govt
problemo solved
As long as you dont want to be treasury secretary, I dont see the problem with this strategy.
"As long as you want to be treasury secretary, I dont see the problem with this strategy."
Fixed it for you. No charge. :-)
Deficit spending temporary? Well, I will agree with that but not for the reason the idiot channel advised. Another 13,000 being fired at American Airlines. This spend and pretend will last a while longer. Notice how the news letters are getting more bullish. We have to get the retail crowd 100% back in the market before we implode. That will take a while. And with elections they will all do their best to put a pretty face on this pig. So the liquidity train rolls on and there are few places to put money these days, so the stock market is the flavor of the year, again.
I say again, this madness will not stop until the funding crisis hits. And then Poof. Until then, buy stocks. Amazing.
In the infinite words of Carl Sagan "BILLIONS AND BILLIONS" - the universe is infinite and so is the debt ceiling apparentlly.
...given the concept of infinity, perhaps it is calculus that ought lend the precision needed to figure where we’re at, economically. ...just saying.
Calculus is not needed when one is already dealing with imaginary numbers.
Multiply the budget by i^2!
The only thing that is needed is ounces/tonnes to leveage a balance sheet with.
Debt clock should read $15,302,000,000,000i
Because they can't fit more digits to include unfunded liabilities, FM/FM write-offs to be, and all the other bullshit we're on the hook for?
A galatical, astronomical euphoric epoch.
These numbers are incomprehensible. I'm not exactly sure how much longer this game can advance. The US currently has nuke subs in the Persian Gulf from what I understand. So apparently it's game up.
Alfred E Neuman app for the debt curve
iWorry
Maybe the debt will "vaporize"...
I'm fond of the signifigance of the vaporize recently myself.
hey! maybe the tax bill coming from uncle Timmy on April 15th will just VAPORIZE and I can claim I never saw it and then I won't have to pay it ;-)
Parabolic!
Maybe we can "cook" something with all the refraction from that debt ponzi?
http://www.economads.com/evolulog/20010819-20010910/16_parabolic-sun-coo...
Corzine, Hank Paulson, Mozillo, Blankfein, Thain, etc.?
"Incoherent fire dissipates all contingency"
http://www.oglaf.com/canoe/1/
I have an eerie feeling that something very large and very bad is about to happen to the economy. It's a different feeling than just being pessimistic about the same problems we've faced for the past few years. It seems like things are eerily quiet right now.
"Leadership" - aka The Order of the White Feather
2/2/2012
.
http://verbewarp.blogspot.com/2012/02/leadership-order-of-white-feather....
...
" 'All warfare is based on deception'
Sun Tzu
The Art of War
.
"History is a commentary on the various and continuing incapabilities of men. What is history? History is women following behind with the bucket." [Mrs Lintott, "The History Boys" by Alan Bennett] " ...
and that eerie feeling can only mean one thing: BULLISH !!!
that $3T # seems less insane everyday...
Gather 300,000,000,000,000 pennies and it will renew your sense of just how insane it is. There aren't that many stars in 1,000 Milky Way galaxies. :D
Attention all planets of the solar Federation!
Attention all planets of the Solar Federation!
We have assumed control. We have assumed control. We have assumed control.
(fade Lifeson)
Another $120 billion in government debt. Kind of makes that whole $5 billion Facebook IPO look like a trivial waste of time, doesn't it?
If you can buy the presidency why wouldnt you.
Because you have a shred of morality?
The debt started going parabolic in roughly '92. Luckily in real terms, the value of the debt means America is paying it back at a discount. Thank you Ivy League voodoo priests.
Combining the Greece poverty story with this ZH posting. Hope it helps.
There's no poverty when a monetary system is creating counterfeit money. When [they] call it poverty, it means the [country] who could receive more counterfeit money's will have to pay a special processing fee to join the FUND. If you decide not to play ball, the FUND will restrict you in receiving more money and create false poverty MSM aversions.
The ABC's to 2+2=5
See how easy it is?
The end of this? The debt ceiling will be raised by the wheelbarrow load, 3 times a day.
http://georgesblogforum.wordpress.com/
Obumble and Timmah! should create a $10T SIV. That would preserve the current debt ceiling and bring down the deficit.
I would feel a little better about all of this, but I see zero evidence of this money being spent in my fair city. Maybe I should move to a (foreign) war zone to get my piece.
Sure, old people are getting their SS checks, doctors are doing their Medicare thing (for now), but aside from business as usual the only other beneficiaries are illegal Mexicans and their anchor babies getting their federally financed California supplied give-aways.
Still, that's peanuts to the corporate welfare.
They are cutting local services on a monthly basis; dog catcher, firemen, cops on the beat; furloughed workers, etc.
I just have to remind myself that this is all being done on purpose.
You cannot "random walk" into this kind of financial disaster.
Never forget any of this.
It seems that insanity is over !
Dow Jones close exactly on the top of uptrendiline, but SP500 not !
SP500 just tested your return of lost uptrendline.
Besides, we can to see a bearish channel is being drawed by Dow Jones in intraday.
And finally, VIX ! VIX has a many many up divergences.
See here: http://pracompraroupravender.blogspot.com/2012/02/dow-jones-fechou-em-cima-da-lta.html
tick tock tick tock tick tock..........
Classic Clash!
http://www.youtube.com/watch?v=GcHL8efKKPE&feature=related
Classic Clash!
http://www.youtube.com/watch?v=GcHL8efKKPE&feature=related
I have a very simply question - why were dozens of my posts silentely deleted across a dozen threads (i don't know if it were tens, or way more than that) ?
Was it because i told a bunch of ZH regular bankster sockpuppets to fuck off and die? And why was it done on a dozen threads in which i didn't actually insult anyone?
Phrased another way: Is ZH being acceptive to getting "soft-megauploaded"?
In my posts, i have never implied to be a bankster sockpuppet. I contrary to many other posters have never ever copypasted posts across threads. I also contrary to some other posters have never advertized any blog.... what i have consistently shown, is to be a NEUTRAL ZH reader, who neither subscribes to current popular ZH culture, NOR to to bankster sockpuppets or counter-culture... if have consistently acted as an independent autonomous mind and a hater of paid psyops and trolls... why do i get mass-censored on ZH recently? (interestingly, this hasn't happened before.... apparently it has been a recent inquiry to ZH staff)
Or technically worse - did the ZH post article database get corrupted in a way, in which a dozen threads, in which my track says i posted, contains exactly zero posts of me? If yes, sacriledge, i appreciate the burden you're taking, but this would be beyond anything excusable, because it would affect hundreds of posts of members being deleted by mistake.
I would direct that concern, which is very troubling if that really happened, to Tyler(s) at:
info@zerohedge.com
abuse@zerohedge.com
What the hell? Now all my posts listed in my track are back. I guess, scheduled backup desync wonder or something. Sorry for stirring up any discontent, that apparently purely was based on technical schedules.
Still, thank you for taking my post seriously.
(P.S.: As a "bug report" for sacrilegle... it wasn't just a single page-load of my track that did lead to apparently nonexisting posts of me. I reloaded my track multiple times across about 15 mins, and there were lots of threads that simply excluded all of my posts. If such a long scheduled maintanance is needed, i'd rather rather eiher get a blocking maintenance message, or a message that tells me that comment-display may be incomplete, instead of a false sense of "completeness".)
as long as america maintains its hegemony and the dollar continues to be the world's reserve currency, we're all good.
long military industrial complex.
I don't say it's good but it doesn't look too far from the trendline actually.
On a long enough timeline, say 80 years, it looks different.
http://www.ritholtz.com/blog/wp-content/uploads/2011/05/Debt-ceiling-chart.png
I stole that fair-n-square from TruthInSunshine's post on the first page.
I wonder what that looks like on semilog? Do you know where the raw data are?
Hire Corzine as FED head.He knows how to evaporize huge amount of monney.
So $120 billion in debt added to debt in a few days and $118 billion added to GDP in a quarter... Hmmm
We should all agree to hold our breath until our dry drunk former President, George W. Bush, comes out of his hole in Crawford, Texas. Two unfunded wars, the Medicare Part D doughnut hole, and tax cuts increased the debt.
We have how much money in Cayman Island accounts? Several trillion?
Maybe the Democrats can threaten to Photoshop the dry drunk former President into campaign ads with Mitt Romney and then sell the result to Wall Street bankers, the private bank cartel families, and the Federal Reserve morons. Collect money that way.
Ole HOSS isn't gonna start worryin' till the printin press breaks or puts on the brakes!
Same press reporting on this debt ceiling that told us Facebook's S1 filing today meant the stock would be trading today. There are too many moron press sheep working against us. I am always early and this parabolic move is starting to scare me.
This is going to end badly of coarse. Collapse is all around us, and those with the means and information are taking action. They are choosing to bug out now while the getting is good. There seems to be a common theme for them, namely get out of dodge to an out of way, secluded large piece of farm land. I wonder how long it will be before the window closes.
http://hosted.ap.org/dynamic/stories/A/AS_NEW_ZEALAND_JAMES_CAMERON?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-02-01-17-38-53
Here's a video of Timmy G [he has a mustache disguise] at Davos this past weekend...
http://www.youtube.com/watch?v=9kj7HkS_BaI
I flip on the friggin radio and what's playin, the Beetles, You Never Give Me Your Money, You Only Give Me Your Funny Paper our new song!
$120 B in 2 days? Only 1 word for that.
Bullish.
insufficient.
"What is more concerning, is that as the chart below shows, the trendline of US debt since the beginning of 2011 is no longer a straight line, but has slowly transformed into a parabola, the very same word used as the root in such other infamous words as, for example, parabolic."
Sheezus, Tyler, if one extends out the x- and y-axes and drew in the expected rate of debt growth, the parabola will have a very pronounced upward kick starting right about now.
Of course, using a longer horizon on the x-axis, this would already be noted, although this latest 'run' that's beginning would still look jaw-dropping.
OBAMADEBT ;)
Have an idea!
Make our own Death Star! Then we can orbit the planet until everything is finished.
The expenses alone will involve the whole world and humankind will appear as ants to those who sit on Mars and shake heads.
Maybe we can finance the death star by selling treasuries to the fed
They didn't stop borrowing when they hit the ceiling, they stopped paying into the fed pensions (i.e. they kept borrowing). Presumably, they are reloading - with that dry powder - the plundered fund.
"Twist" has new meaning to me, in light of the parabolic trend.
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