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US Plans To Issue $846 Billion In Treasurys In The Next 6 Months, 35% More Than Previous Year

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Wed, 11/02/2011 - 00:16 | 1835624 lolmao500
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Yep, that means a deficit of 1.692 trillion... and since it's the treasury saying that, you bet they are underestimating it, as always.

One month in the fiscal year and already 203 billion in debt.

Wed, 11/02/2011 - 00:26 | 1835671 strannick
strannick's picture

We doubt this schedule is even remotely sustainable without some imminent form of Large Scale Asset Purchase program being implement

Bring on the QEasy Money. Be nice if some genius like Tyler or J.Richards would do us all the favour of calculating when Twist will have run its course and QE3 will be rolled out of the showroom.

Wed, 11/02/2011 - 00:37 | 1835692 redpill
redpill's picture

This is contingent upon another debt ceiling raise, no?

Wed, 11/02/2011 - 00:48 | 1835711 UP Forester
UP Forester's picture

Who cares about the ceiling when the roof is on fire?

Wed, 11/02/2011 - 02:37 | 1835850 Michael
Michael's picture

The banking system they created on Jekyll Island, GA really really sucks.

Who sold us this product and where is the return department?

You sell really shitty financial products.

Wed, 11/02/2011 - 03:34 | 1835893 Michael
Michael's picture

Pensions? Pensions? You 25% of the population who get pensions don't get no stinking pensions.

You get whatever the government has in their bank accounts.

Zero Credit!

Wed, 11/02/2011 - 03:52 | 1835911 Michael
Michael's picture

I was really rooting for the Irish to tell the banksters to go fuck themselves like Iceland did.

It's nice the Greeks finally got up the balls to tell the banksters to go fuck themselves.

I'm rooting for the Greeks now. Lets just say about the Irish, I'm disappointed. 

Wed, 11/02/2011 - 05:24 | 1835975 AldousHuxley
AldousHuxley's picture

How about North Korean communist way? Kim shot the central bank chief in the head.

Wed, 11/02/2011 - 04:14 | 1835929 AldousHuxley
AldousHuxley's picture

Who cares about the roof of a bankster's house? Let it collapse and everyone else can cash in on the CDS protection on the house.


Nothing like shorting bank stocks.....

Wed, 11/02/2011 - 01:17 | 1835763 NewThor
NewThor's picture

Bernanke will announce QE3 tomorrow. Just a weird guess.

Wed, 11/02/2011 - 04:32 | 1835941 AldousHuxley
AldousHuxley's picture

Federal reserve to the American public
The Fed says:

"Quantitative easing will continue until the economy improves".

These are big words that many people do not understand, so let me rephrase it in a way which people CAN understand:

"The beatings will continue until morale improves".

Wed, 11/02/2011 - 02:02 | 1835818 nothing can go wrogn
nothing can go wrogn's picture

I think it's debatable as to whether they will even publicly announce QE 3 thru QE infinity.

Wed, 11/02/2011 - 03:54 | 1835871 Belarus
Belarus's picture

A stock market crash could fund the treasury with plenty of takers. It's that, or LSAP, or failed auctions. Given the Europe spillover effects, and that by March of next year it'll be clear to all we're in a world wide depression, I'm just gonna have to guess it'll be LSAP given Ben's proclivity for stock ramping. 

Wed, 11/02/2011 - 01:02 | 1835739 philipat
philipat's picture

What happens if the Chinese decide they prefer Gold? But, of course, that is why the price of Gold is being manipulated.

Wed, 11/02/2011 - 01:29 | 1835780 Sequitur
Sequitur's picture

Tylers, one and all, please keep posting these kinds of stories. Chronicle the insanity that is the U.S. debt bubble.

Greece? Italy? A mere sideshow to the massive black debt hole that is the United States of America. Unquestionably the U.S.A. has passed the debt event horizon. It's only a matter of time before the North American colonies meet the singularity. It really is game over, Congress, the Fed and Treasury simply are "taking a knee" while the clock runs out.

Again, keep up these posts. I believe, truly, the Zhedge archives will be an important part of the historical record, and future generations can read, page by page, the financial implosion of the United States.

Wed, 11/02/2011 - 21:34 | 1839531 SPADOC4
SPADOC4's picture

$1 x 60 seconds/minute x 1,440 minutes/day x 365.25 days/year x 53,616 years = $1.692 Trillion


Put that in your pipe and smoke it.

We're so far beyond fucked, we can't even catch a ride back to fucked

Wed, 11/02/2011 - 00:07 | 1835633 Spitzer
Spitzer's picture

The Treasury and the Fed can do no wrong.  Not yet anyway...

Wed, 11/02/2011 - 00:56 | 1835726 Nobody special
Nobody special's picture

It's wonderful when you can be your own buyer.  Not only can you never have a failed auction, when push comes to shove you can use some of that overseas monetization to simulate foreign demand.  Smoke, mirrors, and one hell of a Houdini show.  Who needs credibility?  On with the performance!

Wed, 11/02/2011 - 02:02 | 1835815 eaglefalcon
eaglefalcon's picture

being your own buyer is a disgusting act of auto-eroticism

Wed, 11/02/2011 - 04:54 | 1835949 fockewulf190
fockewulf190's picture

Lets just call it being a financial wanker.

Wed, 11/02/2011 - 00:12 | 1835637 drivenZ
drivenZ's picture

do we know how much is maturing on the feds BS in the first half of 12'?

Wed, 11/02/2011 - 00:16 | 1835646 Unprepared
Unprepared's picture

it's rotting, rotting ... not maturing

Wed, 11/02/2011 - 00:11 | 1835638 Yen Cross
Yen Cross's picture

 Overlays ! , I say!     TRUTH!

Wed, 11/02/2011 - 01:25 | 1835775 NewThor
NewThor's picture

Won't the all the money flowing out of Euro markets flow into treasuries and usa stocks?


Wed, 11/02/2011 - 01:47 | 1835800 Yen Cross
Yen Cross's picture

  Yes , it will flow into [ usd ] , and then into T- 10's.  I understand  your frustration. Technically ( lower) yields mean a softer dollar.

Wed, 11/02/2011 - 00:13 | 1835640 Shvanztanz
Shvanztanz's picture

Canned goods, batteries, water, candles, MATCHES or LIGHTERS, rice, rice, rice, spam, tuna, pens, paper, typewriter, solar powered calculator. CAN OPENER!

Wed, 11/02/2011 - 01:06 | 1835749 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Water cleaning devices.  Guns & ammo.  Prescription meds.  Gold & silver.

Wed, 11/02/2011 - 01:38 | 1835793 derek_vineyard
derek_vineyard's picture

A couple of females.

Wed, 11/02/2011 - 03:24 | 1835882 saulysw
saulysw's picture

"feminine hygiene" products and toilet paper.

Wed, 11/02/2011 - 03:37 | 1835895 TuesdayBen
TuesdayBen's picture


Wed, 11/02/2011 - 09:29 | 1836363 pods
pods's picture

Stock up on CS instead of the antibiotics.  And have a couple bars of pemmican in the BoB at least.  High calorie density.  The Berkey is a great water filter, you can even get a fluoride filter for them.


Wed, 11/02/2011 - 00:13 | 1835641 msorense
msorense's picture

Obviously QE3 is coming no later than January of next year.

Wed, 11/02/2011 - 00:13 | 1835642 Unprepared
Unprepared's picture

A million here, a billion there. Pretty soon  we would be talking about casualties.

Wed, 11/02/2011 - 03:25 | 1835884 saulysw
saulysw's picture

Nope, you are off in your scale. It's not millions/billions. It's becoming trillions/quadrillions.

Wed, 11/02/2011 - 07:46 | 1836086 bernorange
bernorange's picture

That's going to buy a lot of "$16 muffins".


Wed, 11/02/2011 - 00:13 | 1835644 ZeroPoint
ZeroPoint's picture

And watch gas go to 7-8 dollars a gallon, and food prices shoot up another 20%.


It's going to end very badly and bloody.


Wed, 11/02/2011 - 03:21 | 1835880 BorisTheBlade
BorisTheBlade's picture

Unrest in the Middle East this year will look like a joke next year when finally inflation hits the rice prices. There goes Asia.

Wed, 11/02/2011 - 00:17 | 1835648 Shvanztanz
Shvanztanz's picture

I finally opened up a can of spam to see what I had been storing. I haven't eaten that shit since childhood. It's not too fuckin bad. Stock up on spam. Alas Babylon!

Wed, 11/02/2011 - 00:20 | 1835657 kito
kito's picture

look for cans without BPA (used in linings). its a nasty chemical, known endocrine disrupter, that leeches into your food. trader joes sells much of their canned food without bpa

Wed, 11/02/2011 - 00:25 | 1835666 Shvanztanz
Shvanztanz's picture

roger that Sir

Wed, 11/02/2011 - 08:49 | 1836216 tmosley
tmosley's picture

BPA only has a negative effect on young boys, fyi.  It imitates estrogen, and as such, interferes with sexual development based on testosterone.  Adult males have an excess of testosterone, and are already fully developed, so small levels of BPA have no effect.

So it should be avoided by pregnant women and boys under the age of 14.  But you can't, because the shit is literally everywhere, including the water.

Wed, 11/02/2011 - 17:14 | 1838681 Matt
Matt's picture

BPA may be associated with obesity, diabetes, cardiovascular disease, problems with thyroid and pancreas, reduced sexual desire and erectile dysfunction. So no, really nothing bad at all if you're a male over 14.





for starters. Apparently over 6.4 billion pounds per year is manufacturered, so thats comforting.

Wed, 11/02/2011 - 01:27 | 1835778 Blank Reg
Blank Reg's picture

 I read Alas Babylon 30 years ago in High School. Good book. 

Wed, 11/02/2011 - 02:23 | 1835833 Gavrikon
Gavrikon's picture

The only thing possibly worse than Spam is starvation.

Wed, 11/02/2011 - 03:34 | 1835891 saulysw
saulysw's picture

"Corned beef and pork and beans" is a recipe my wife uses on rare occasions. Fry the Spam with onions, removing any of the white stuff you might find (don't ask, don't tell). When nearing end (some will crisp up a bit), move aside and fry an egg. Boil some white rice. Heat up some baked beans. Put it all on a plate and eat with some tomato sauce. I don't know why it's called "Corned beef and pork and beans", because I can't find much pork there, but it makes an ok meal. Seriously, don't knock it until you've tried it.

Edit : Actually, I realize it's tinned Corned Beef she uses, not spam. Still, until she cooked this for me, I assumed both were more or less inedible.

Wed, 11/02/2011 - 05:17 | 1835952 Temporalist
Temporalist's picture

I have fried Spam and then put it into soups like split pea and lentil, or it can go in right out of the can and heated in the soup.

Can add diced Spam in with some frozen peas and butter/olive oil in a sauce pan with some onion and garlic and put it over pasta with some parmesean cheese like a Hobo carbonara.

Diced Spam fried with potatoes and onions and cayenne pepper for some spicy hash browns.

Thinly sliced into strips for Chef salad.

Put in a processor and add some celery and/or Italian peppers and oilve oil to make it spread like for crackers.

Sautee it with mushrooms and onions and eat with eggs.

Put in a quiche with cheddar or pepper jack and zuchinni.


Or just use it to defend yourself and throw the can at a would be attacker.

Wed, 11/02/2011 - 09:17 | 1836328 Melin
Melin's picture

Note to self: don't read ZH comments before breakfast.

Wed, 11/02/2011 - 07:28 | 1836052 Canucklehead
Canucklehead's picture

An old recipe for fried Spam is to dip slices of it in beaten egg and then dredge it through crushed cracker crumbs and fried.  It's good.

...Memories of the childhood and camping...

Wed, 11/02/2011 - 00:17 | 1835649 El Gordo
El Gordo's picture

Let's see - issuing more than originally planned due to (1) lower revenues and (2) higher outlays than first estimated.  Who would have ever guess those estimates to be off in this direction?

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