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Yet Another US Debt Infographic

Tyler Durden's picture




 

Probably the most amusing thing about this latest US debt infographic courtesy of FX Fatcat, which by now everyone has seen in some capacity, is how out of date it is, as the latest debt is $15.518 trillion, or $100 billion more than shown here in "March 2012."

US Debt Infographic
[Via: Amazing penny facts about the US debt]
View a larger copy of the US debt infographic along with the code to add this infographic to your own website.

 

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Mon, 03/12/2012 - 12:10 | 2247414 Moneyswirth
Moneyswirth's picture

Awesome.  Just fucking awesome.

Mon, 03/12/2012 - 12:13 | 2247423 Banksters
Banksters's picture

I have heard from reliable sources that Trav will spend the better part of the day attempting to pull his boyfriend's foreskin over his head.  

Stay tuned.

Mon, 03/12/2012 - 12:18 | 2247452 SilverIsKing
SilverIsKing's picture

Which head?

Mon, 03/12/2012 - 12:24 | 2247478 Banksters
Banksters's picture

Cranium.    He and robo are quite exotic...

Mon, 03/12/2012 - 12:53 | 2247595 resurger
resurger's picture

"Thus, we see the true nature of debt: a financial form of slavery. Debt is designed in such a way that, like a fly caught in a spider’s web, the more it struggles, the more entangled it gets; the more it struggles to break free, the more it arouses the attention of the spider, which quickly moves in to strike its prey – paralyzed – with its venom, so that it may wrap the fly in its silk and eat it alive. Debt is the silk, the people are the fly, and the spider is the large financial institutions – from the banks to the IMF. The nature of debt is that one is never meant to be able to escape it. Hence, the “solution” for Greece’s debt problem – according to those who decide policy – is for Greece to acquire more debt. Of course, this new debt is used to pay the interest on the old debt (note: it is not used to pay OFF the old debt, just the interest on it). However, the effect this has is that it increases the over-all debt of the nation, which leads to higher interest payments and thus a greater cost of borrowing. This, ultimately, leads to a need to continue borrowing in order to pay off the higher interest payments, and thus, the cycle continues. For all the “bail outs” and aims at addressing Greece’s debt, this prescription inevitably results in greater debt levels than those which induced the debt crisis in the first place."


Mon, 03/12/2012 - 14:25 | 2247891 Thamesford
Thamesford's picture

I think you're suffering from Bernanknephobia!

Mon, 03/12/2012 - 14:34 | 2247938 grid-b-gone
grid-b-gone's picture

This is like the company store of 150 years ago, but efficiently packaged in modern electronic and international form.

Just as 150 years ago, wages and goods need to be priced at a level to prevent workers from exiting the arrangement.

Only those who can personally deleverage or command higher-than-normal wages can escape the debt snare.

Mon, 03/12/2012 - 13:37 | 2247734 LowProfile
LowProfile's picture

Gonna be hard to maintain the zinc standard if they mint all those pennies...

Mon, 03/12/2012 - 12:19 | 2247458 smlbizman
smlbizman's picture

who here is old enough to remember the good ole days when a billion was ALOT....man that was like 2 yrs ago....how time flys

Mon, 03/12/2012 - 14:14 | 2247852 trav7777
trav7777's picture

nah man, if i was gay i would only date circumcised men

Mon, 03/12/2012 - 12:43 | 2247552 Silver Bug
Silver Bug's picture

It's out of date today and they probally made it only a week ago. That is the scary thing.

 

http://davidmorganblog.blogspot.com/

Mon, 03/12/2012 - 12:11 | 2247417 Irish66
Irish66's picture

Put it on the mastercard

Mon, 03/12/2012 - 12:14 | 2247429 Racer
Racer's picture

The Bank of Generations of Unborn children

Mon, 03/12/2012 - 12:16 | 2247441 SheepDog-One
SheepDog-One's picture

Theyve got this.....soylent green combined with pink slime will sell for quadrillions!

Mon, 03/12/2012 - 12:31 | 2247498 espirit
espirit's picture

Default already, it's insured.

Mon, 03/12/2012 - 12:47 | 2247570 Tortfeasor
Tortfeasor's picture

So will a gallon of milk, a loaf of bread, two sticks of butter....

Mon, 03/12/2012 - 15:26 | 2248122 LFMayor
LFMayor's picture

bought with an ebt or WIC card, no doubt.   Who knew the truth back in '76 when that aired on Sesame Street?  Riot insurance sure has gotten pricey over the years.

Mon, 03/12/2012 - 12:20 | 2247461 non_anon
non_anon's picture

cut that credit card in two

Mon, 03/12/2012 - 13:49 | 2247779 Vagabond
Vagabond's picture

If the dollar is going to die, deflation seems impossible, so hyperinflation it is... shouldn't I incur as much debt as possible?

Mon, 03/12/2012 - 12:38 | 2247529 CrashisOptimistic
CrashisOptimistic's picture

Factoid:

The US gov't will borrow about 35% of spending this year.

Japan's number?  49%.

Mon, 03/12/2012 - 13:38 | 2247736 faustian bargain
faustian bargain's picture

US borrowing is more like 43%, isn't it?

Mon, 03/12/2012 - 20:32 | 2249072 Hard Assets
Hard Assets's picture

I have been thinking about Japan for at least a decade. Here's a little island, relatively densely populated, 0 resources, the first to hit the baby-boomer wall (aka oldest citizens) and debt beyond anything imaginable.

Other little islands of despair not too far behind might include England, Ireland, etc.

The "island" of Europe is again "resource-less", old, spoiled and perhaps(probably?) beyond rescue & hope.

Add in the relentless and increasing demand for oil, mix in the inevitable plateau (at best) of oil supply and what do you have?

TEOTWAWKI.

 

Mon, 03/12/2012 - 14:02 | 2247805 Thamesford
Thamesford's picture

What's not in your wallet?

Mon, 03/12/2012 - 12:12 | 2247419 SemperFord
SemperFord's picture

We're number one? :-O

Mon, 03/12/2012 - 12:12 | 2247420 SheepDog-One
SheepDog-One's picture

Nice graphic....$684,000 debt per 'family'....'Load up the kids honey and fill up the tank! Im feelin the 'wealth effect'...lets head to the Apple store new IPad 3's for everyone, on me'!

Mon, 03/12/2012 - 12:17 | 2247445 CH1
CH1's picture

And "per working family" would be much worse.

Mon, 03/12/2012 - 14:45 | 2247988 BooMushroom
BooMushroom's picture

How's about "per tax paying family?"

Mon, 03/12/2012 - 17:16 | 2248554 A Nanny Moose
A Nanny Moose's picture

...and per taxpaying individual.

Mon, 03/12/2012 - 12:20 | 2247464 847328_3527
847328_3527's picture

"Make that three iPads, over easy witha  few apps on the side.....yes, charge it to my Unlce...Uncle Sam (aka, taxpayers)."

Mon, 03/12/2012 - 13:14 | 2247665 Overflow-admin
Overflow-admin's picture

new IPad 3's for everyone, on you!

Mon, 03/12/2012 - 12:14 | 2247427 LongSoupLine
LongSoupLine's picture

 

 

wow, old school data...(but, then again, so now is the $15.518T you just quoted.)

Mon, 03/12/2012 - 12:14 | 2247428 dildo o flaherty
dildo o flaherty's picture

'Change' you can believe in!

Mon, 03/12/2012 - 12:22 | 2247468 Hansel
Hansel's picture

Chains you can bereave in.

Mon, 03/12/2012 - 12:42 | 2247549 Shizzmoney
Shizzmoney's picture

Imagine what happens when Sallie Mae and Wall St stick the taxpayer with student loans.

The US det maybe in a bubble once and for all.

Read this WaPost article and if it doesn't put you on tilt, you have no soul:

http://www.washingtonpost.com/business/student-loans-seen-as-potential-next-debt-bomb-for-us-economy/2012/03/05/gIQAM0iF4R_story_1.html

Mon, 03/12/2012 - 14:00 | 2247795 Vagabond
Vagabond's picture

From the article: "Since graduating in May with a master’s degree in geographic information systems, Gray has been unable to find full-time employment"

 

Why would this girl go through graduate school incurring debt all along the way in such a specialized industry if a job wasn't a sure thing?  Go to school for something you'll be able to use, or don't go at all.  Certainly do not spend money you don't have just because that's "the next step after highschool", or to get a degree that will have questionable use.  For example, If I was interested in geographic information systems, I would go to school as a database programmer (and stop after undergrad) and apply to jobs at companies working on maps or other geographic products.  OOPS.  Maybe we need more intelligent guidance counselers.

Mon, 03/12/2012 - 14:17 | 2247867 trav7777
trav7777's picture

wtf is geographic information systems anyhow?  get a real degree, one of the 5 or so E degrees

Mon, 03/12/2012 - 14:26 | 2247886 Chump
Chump's picture

GIS is the lazy man's geomatics.  Not that it doesn't have a use, but it certainly doesn't require a degree.  More like a semester-long class or a couple weeks hands on experience for the motivated.

ETA: A MASTER'S degree in effing GIS???  Are you KIDDING me?  What a buffoon.

Mon, 03/12/2012 - 14:50 | 2248002 Joseph Jones
Joseph Jones's picture

While visting Stevens-Heneger recently, a friend overheard a conversation between two students, one of whom did not know the title of the class in which he was having trouble, nor his major field of study.

Tax dollars at work. 

Tue, 03/13/2012 - 09:29 | 2250031 Chump
Chump's picture

Lol, not that I care about junks, but it is telling that whoever is butthurt over reading the truth about GIS doesn't have the ability to craft an intelligent defense.

Mon, 03/12/2012 - 16:30 | 2248366 Arthor Bearing
Arthor Bearing's picture

More intelligent ________

Guidance counselors, parents, teachers, students, coaches, basically everyone who influences a child's decision. Instead we have children who are raised thoughtlessly by television and cliches. Why? Well, cui bono? I won't go so far as to say that children are idiots because of a massive conspiracy, but if a media tycoon suddenly stumbled upon a money tree you wouldn't expect him to chop it down for firewood, right?

I speak as somebody relatively young who has been through it all and his a stack of debt of his own. And I'm willing to take on the responsibility, but I can't help but thinking of all the people who could have pointed out that there were better decisions, but who didn't mostly because they hadn't thought it through themselves.

Mon, 03/12/2012 - 16:35 | 2248386 Edelweiss
Edelweiss's picture

It amazes me how many college grads I meet with nearly useless degrees.  I work with several, who at some point realized they could not command a great salary with a bachelor's in "animal science", or my favorite, a master's in "sports management".  Let's not forget the ever popular "kinesiology".  The people I know in this category make in the neighborhood of $11/hr-$22/hr, and many returned to school for a second degree.  Good luck paying off a student loan making that.  What surprises me (I guess it should'nt) is how many of them I see playing with the latest ipud, etc.  What could be better than one debt you can't pay off?  Two debts you can't pay off, of course. 

Mon, 03/12/2012 - 23:57 | 2249560 StychoKiller
StychoKiller's picture

My Daughter's getting a MS in Microbiology, so if she can't cure you, she could kill you with this:  http://budk.com/Swords/United-Black-Yoru-Doragon-Forged-Katana-Damascus-...

since she also has a black belt in Kumdo (& 3rd degree black belt in Tae Kwon Do)

Mon, 03/12/2012 - 12:48 | 2247577 Tortfeasor
Tortfeasor's picture

Stealing this.

Mon, 03/12/2012 - 12:15 | 2247432 NotApplicable
NotApplicable's picture

This should end well.

Mon, 03/12/2012 - 12:15 | 2247435 Everybodys All ...
Everybodys All American's picture

When the storm hits it's going to be a category 5.

Mon, 03/12/2012 - 12:17 | 2247444 SheepDog-One
SheepDog-One's picture

Cat 5 Shiticane.

Mon, 03/12/2012 - 12:17 | 2247442 The Navigator
The Navigator's picture

Taxpayers RoboSigned for individual and family debt.

Mon, 03/12/2012 - 12:17 | 2247446 azzhatter
azzhatter's picture

But I thought everything was fixed, job market is booming which surely means rapidly increasing tax receipts. How can this be? I would have thought we were almost paid off by now. I heard so much good news on CNBC I almost popped a boner

Mon, 03/12/2012 - 12:17 | 2247447 Dr. Engali
Dr. Engali's picture

I wonder why they don't show the federal reserve as the entity which the U. S. owes the most?

Mon, 03/12/2012 - 12:20 | 2247462 SheepDog-One
SheepDog-One's picture

The FED central banksters have been benevolently buying up all our bonds for us for free, soon theyll demand repayment in full. And everyone will then go 'HUH? What the hell just happened'!

Mon, 03/12/2012 - 14:12 | 2247842 Thamesford
Thamesford's picture

because that data is only avaialble from 2 years ago...

Mon, 03/12/2012 - 14:12 | 2247845 Thamesford
Thamesford's picture

Of course, individually - you're correct and I wish they had shown it.

Collectively, the entitlement "trust" funds are owed the most. Followed by institutional investors (meaning your pension fund).

Of course we're ignoring the off-balance student loans, home loans and debentures guaranteed by Fannie & Freddie (us) and not to mention the unfunded liabilities

Mon, 03/12/2012 - 12:18 | 2247450 Eurogroup
Eurogroup's picture

Has God enough collateral in which we can trust? Cause that shit with "liberty" isn't working anymore.

Mon, 03/12/2012 - 12:18 | 2247451 YesWeKahn
YesWeKahn's picture

we certainly need more wars and more bailouts. They work.

Mon, 03/12/2012 - 12:19 | 2247455 stiler
stiler's picture

MAR 2012. That was then, and this is now. This is now. This is now, is now, is now, is now..

 

 

Mon, 03/12/2012 - 13:36 | 2247732 dontgoforit
dontgoforit's picture

the wave of the future, the wave of the future...

Mon, 03/12/2012 - 14:14 | 2247854 Thamesford
Thamesford's picture

"There is no greater power in the Universe than compound interest!" - Albert Einstein

Mon, 03/12/2012 - 12:19 | 2247456 Seasmoke
Seasmoke's picture

time to get off this merry go round

Mon, 03/12/2012 - 12:19 | 2247459 Silverhog
Silverhog's picture

Spotting change on the ground, I only bend over for nickels and up now.

Mon, 03/12/2012 - 12:30 | 2247491 Dr. Engali
Dr. Engali's picture

Hopefully only pre 2012 nickels, because now they are only stamping slugs.

Mon, 03/12/2012 - 12:21 | 2247467 JohnnyBriefcase
JohnnyBriefcase's picture

Why is this infographic so fucking happy?

Fuck, all it needs is for the little man symbol to have a smiley face.

Mon, 03/12/2012 - 12:23 | 2247475 SheepDog-One
SheepDog-One's picture

???

Mon, 03/12/2012 - 12:27 | 2247481 JohnnyBriefcase
JohnnyBriefcase's picture

Though the information presented is severely depressing it is presented in an overall happy format.

Or is it just me?

 

Am I wrong or is, like, 12 trillion missing from the "who does the U.S. owe" portion?

Mon, 03/12/2012 - 12:31 | 2247496 SheepDog-One
SheepDog-One's picture

Yea I guess the stick figures appear to be dancin around a little bit.

A lot of those trillions are owed to the FED central banksters, a private bank that we cant even see who owns. But we just trust them to 'control everything' down to the last dollar.

Mon, 03/12/2012 - 12:33 | 2247506 JohnnyBriefcase
JohnnyBriefcase's picture

Ah that would explain it.

Mon, 03/12/2012 - 13:35 | 2247725 dontgoforit
dontgoforit's picture

...it's him...and that's how he's gonna do it...capture us all...who is the man behind the scenes who holds all the debt notes?  It's the anti-Christ.  He's comin' fo ya'!

Mon, 03/12/2012 - 12:24 | 2247479 bugs_
bugs_'s picture

sure will be nice when they default and the $180k they put on my back goes poof its gone like everything else

Mon, 03/12/2012 - 12:28 | 2247483 fuu
fuu's picture

Should have thrown in the unfunded liability amount too.

Mon, 03/12/2012 - 12:31 | 2247485 synonym
synonym's picture

Comment deleted

Mon, 03/12/2012 - 12:32 | 2247502 SheepDog-One
SheepDog-One's picture

Going to have to hold your gold THRU monetary collapse. 

Mon, 03/12/2012 - 12:46 | 2247536 Momauguin Joe
Momauguin Joe's picture

...

Mon, 03/12/2012 - 12:29 | 2247489 Al Huxley
Al Huxley's picture

Pretty sweet deal - convince the rest of the world that its in there interest to lend you money you clearly will never be able to pay back.  Wish I could do that on an individual basis, I'd be living pretty large right now.

Mon, 03/12/2012 - 12:40 | 2247540 espirit
espirit's picture

Put the house, cars, kids, pets, and any other tangibles in a trust.

Max out every MF'ing debt vehicle you can access.

You got them by the balls at that point. Live large.

Mon, 03/12/2012 - 12:31 | 2247497 synonym
synonym's picture

Jim Rickards says that down the line gold confiscation is unlikely and that it is much more likely that Govt's will simply put massive taxes on gains from Gold and Mining Stocks. I really go with his reasoning and agree that is likely what they do.

So a QUESTION  for ZHers. What do you think you might do to avoid this risk and to try and preserve your wealth?

Of course you can diversify your holdings, buy real things - buy land, other commodities, etc. Two issues with that:

1. Not everyone is in the position to do that (i.e. don't have the cash)

&

2. Much of those other things are held within the financial system and so expose you to systemic and counterparty risks. Yes you can have stocks registered in your name...but that doesn't help with futures, etc.

I think a tax of gold is not something many of us are accounting for and is a real risk. I'd really like to hear other ZHers thoughts on this.

Mon, 03/12/2012 - 12:35 | 2247512 espirit
espirit's picture

Shhhh! blackmarket.

Mon, 03/12/2012 - 12:38 | 2247531 synonym
synonym's picture

Agreed that's very likely, but to rely on only that?

Mon, 03/12/2012 - 12:44 | 2247556 espirit
espirit's picture

Comes down to your level of risk aversion.  More people likely to accept phyzz than worth-less fiat.

Mon, 03/12/2012 - 12:47 | 2247569 synonym
synonym's picture

Agreed.

Mon, 03/12/2012 - 13:43 | 2247754 MachoMan
MachoMan's picture

That's not really it so much as simply having no better alternative.  Essentially what you seem to be arguing is that the little man gets the shaft.  This is correct...  so do not expect to be able to hedge into anything that will return you a homerun... 

Investing in ways of self sustainability isn't a bad idea either...  and I don't mean solely products, but also learning the skills of various trades that will become more useful and sought after.  Early bird gets the worm.

Mon, 03/12/2012 - 12:35 | 2247513 fuu
fuu's picture

Boating.

Mon, 03/12/2012 - 14:17 | 2247864 Thamesford
Thamesford's picture

doesn't that need a lot of liquididty?

Mon, 03/12/2012 - 12:38 | 2247528 Stackers
Stackers's picture

The ultra rich hold "collectables" as their wealth preservation vehicles. Rare art work and gold bullion fall into this tax definition. I see them raising rates on capital gains and dividends long before and much more than they will ever raise the tax on "collectables" and hurt the people who are really in control of the country. There is such a small percentage of people with physical PM's I just dont see them ever really attacking them as the "evil hoarders of gold" that eveyone fears. The 1930's confiscation was completely different and done by FDR primarily to sieze the Federal Reserve's gold and put it under control of the Treasury and fund the Exchange Stabilization Fund.

Mon, 03/12/2012 - 12:43 | 2247551 synonym
synonym's picture

The CGT raise is a plausible route they would take. But that would kill their beloved S&P. Plus, they already insider trade, it would be very easy to give the top tier the heads up before they introduced a gold tax.

Mon, 03/12/2012 - 13:41 | 2247751 BeerBrewer09
BeerBrewer09's picture

They already are confiscating gold. Inflate and put tax burdens on population = make people willing to sell their gold in order to pay bills, etc.

CASH FOR GOLD, folks.

Mon, 03/12/2012 - 14:09 | 2247833 Hedgetard55
Hedgetard55's picture

+55

Excellent insight.

Mon, 03/12/2012 - 12:47 | 2247568 Momauguin Joe
Momauguin Joe's picture

Tangible, usable, tradable assets are the way to go my friend. Toilet paper, tampons, nonhybrid garden seeds, WATER, knives, clothing, socks, footwear, bicycles, tools, nails, liquor, guns, ammo, the list is really endless whern you think about it. In some areas of Appalachia, a sealed bottle of Johnny Walker Blue will, in the near future, fetch you somebodies daughter of childbearing age. 

Mon, 03/12/2012 - 12:49 | 2247580 synonym
synonym's picture

I'm with you there Joe. Might have to hire some storage space...

Mon, 03/12/2012 - 13:29 | 2247714 viahj
viahj's picture

what would half a bottle of Southern Comfort getcha?

Mon, 03/12/2012 - 14:15 | 2247856 Momauguin Joe
Momauguin Joe's picture

Two hours with Ned Beatty's twin brother.

Mon, 03/12/2012 - 15:33 | 2248147 Mr. Fix
Mr. Fix's picture

Grandma!

Mon, 03/12/2012 - 14:11 | 2247839 i_fly_me
i_fly_me's picture

Once the fiat and paper gold system blows up and a hardened gold-referenced system replaces it, governments won't be able to tax the windfall realized by those who held physical gold through the transition.  Essentially, any attempt to confiscate or tax gold on the other side of the paradigm shift will have the same result as debasement of a gold referenced currency ... you will make the Gold worth more in countries that don't control or tax it and it will flow out of the taxing country.  A country that foolishly attempted this would find their gold hoard dwindling and would be forced to quickly reverse the policy. 

FOFOA explains it best (as usual): http://fofoa.blogspot.com/2012/01/gold-must-flow.html

Tue, 03/13/2012 - 07:57 | 2249823 synonym
synonym's picture

Thanks for the insightful comment I Fly and the link.

Just read the link now. It's not entirely sunk in and not sure we can rely entirely upon all assumptions made in the piece's examples, but i agree that a tax would be hard to work and likely fail. he level of global cooperation is a big factor.

Tue, 03/13/2012 - 06:17 | 2249766 Ar-Pharazôn
Ar-Pharazôn's picture

if you dont have the cash, you dont have nothing to protect and you're definitely fucked. sorry

Mon, 03/12/2012 - 12:32 | 2247500 Amish Hacker
Amish Hacker's picture

Nice to see the world through the penny's eyes, just in time to see the penny disappear altogether.

Mon, 03/12/2012 - 12:33 | 2247504 Stackers
Stackers's picture

I thought Russia decreased its Treasury holdings from $109 billion to $50 billion last year .......

Mon, 03/12/2012 - 12:35 | 2247511 Non Passaran
Non Passaran's picture

Not only is it impossible to return this debt in gold, but now in pennies too :-)

Good job!

Mon, 03/12/2012 - 12:37 | 2247525 Eclipse89
Eclipse89's picture

4.400$ savings per family? O_O

Is every American family a compulsive shopper?

Mon, 03/12/2012 - 12:40 | 2247539 Stackers
Stackers's picture

Pretty much. Been shopping on the Friday after Thanksgiving lately ?

 

Mon, 03/12/2012 - 12:50 | 2247586 ejhickey
ejhickey's picture

OMG!  I haven't shopped today.  thanks for reminding me.

Mon, 03/12/2012 - 12:37 | 2247526 ISEEIT
ISEEIT's picture

Oh stop worrying!

A guy at work recently put my mind at ease.

I made a comment regarding the explosion of money supply and the likely inflationary consequences. This wise soul informed me that "doesn't really matter because governments just make as much money as we need", He proceeded to inform me that all this "hysterical hype" regarding the debt and deficit was "just republicans trying to make obama look bad".

I just let it go.

You can't fix stupid.

Brace for impact.

Mon, 03/12/2012 - 12:47 | 2247572 espirit
espirit's picture

Sure you can: silver boolit.

Mon, 03/12/2012 - 12:52 | 2247594 Al Huxley
Al Huxley's picture

"governments just make as much money as we need"

The guy you were talking to has embraced the wisdom of Modern Monetary Theory (MMT) - where wealth is created by debt creation and consumption.  I was introduced to the details of this a week or so ago and it's really quite an eye-opener.  Of course, it seems to be getting a little frayed around the edges at the moment, but I'm sure these are just transitory hiccups - after all there's no limit to the amount of debt the gov't can issue, is there?  And we're all richer for it. /sarc

Mon, 03/12/2012 - 13:03 | 2247621 fuu
fuu's picture

"And if you're wearin' your retard helmet then you'll be intact"

http://www.youtube.com/watch?v=q84S3DCZOKg

Mon, 03/12/2012 - 12:39 | 2247534 VulpisVulpis
Mon, 03/12/2012 - 12:46 | 2247564 tahoebumsmith
tahoebumsmith's picture

Just remember that DEBT is what broke the camel's back in  Sept 2008... WOW, only 3.5 years have passed and we have fought off the debt crisis with more debt. It's nothing more then living on a credit card, however just remember that as the balance grows, so do the interest payments. So since 2008 the markets have basically regained about 5 TRILLION back in value, recovery you think? I don't, it's simple to see where the money comes from if you turn back the hands of time... What I see when I turn the hands back is another 5 TRILLION in the pockets of those who looted us and the tab put on the backs of the American Serfs! There's your economy BiTcHez!!! Hope and Change you can believe in!

http://www.usdebtclock.org/2008.html

Mon, 03/12/2012 - 12:51 | 2247588 Snakeeyes
Snakeeyes's picture

Combine growing gov't debate with gov't shutting down credit to businesses and consumers, and we have a SCARY problem!

http://confoundedinterest.wordpress.com/2012/03/10/next-up-in-the-eurozone-default-derby-portugal-spain-italy-portugal-1-yr-mos-cds-approach-2000/

Mon, 03/12/2012 - 13:00 | 2247606 Joseph Jones
Joseph Jones's picture

Has the following occurred to only me?

GM's had alleged success since the illegal transfer of TARP funds from future unborn taxpayers (in the form of US debt) to GM.  GM's "success" largely resulted from the also-just-as-illegal court approved, "Sorry, you loose" to many poor fellow American owners of GM bonds.  

When these persons purchased GM bonds, federal law stated clearly that GM's assets would be sold to protect their investment.  O'Rabbi, the Federal Courts, and Congress all later conspired to ipso-facto screw these buyers and simply tell them, "Go to hell...for the good of democracy and past/future Democratic votes, you get squat!"

So far, so good, right?

Well then why the hell can't we just say the same thing to the Fed: "You get squat for debt payment...for the good of democracy, the debt is cancelled...good night!"

Mon, 03/12/2012 - 13:34 | 2247721 viahj
viahj's picture

because, as of now, "we" have no say in the matter.  "we" have to take the power back from the fed .gov before "we" can tell the banksters to GTH.  or "we" can simply burn everything down to the ground, that should take care of it.

Mon, 03/12/2012 - 12:59 | 2247610 bahaar
bahaar's picture

US is in debt, Europe is in debt, Japan is in debt, China is in debt, India is in debt.  So who's the lender?  Public?  Future generation?

Mon, 03/12/2012 - 13:15 | 2247673 trilliontroll
trilliontroll's picture

Think about the people we call millionaires /billionaires.

As they lend the mone they get richer by about $40,000 ervery SECOND!

So there seems to be nearly unlimited growth of wealth in america !

Mon, 03/12/2012 - 13:36 | 2247729 viahj
viahj's picture

the "printer" replaced the "lender", didn't ya get the memo?

Mon, 03/12/2012 - 13:48 | 2247776 MachoMan
MachoMan's picture

Exactly.  The answer is the person/entity that can leverage its currency the best...  Everyone might be in debt, but we're better at it.  I'm sure that ananonymous will come on here talking about my americanism, but it's true.

In the end, we're getting shit for free via leveraging our currency.  The trick is being in a place to create the conditions necessary to do so for as long as possible so as to maximize the amount of tangible items we get for those ethereal dollars.

Now, the question no one really wants to ask...  and especially doesn't want to answer...  to what end?

Mon, 03/12/2012 - 13:02 | 2247617 t_kAyk
t_kAyk's picture

roughly calculated this amount would buy about 4 iPads for each person on the planet.  cheers! 

Mon, 03/12/2012 - 13:03 | 2247620 krispkritter
krispkritter's picture

To paraphrase Jeff Foxworthy "A check? Heck yeah I can write you a check, I thought you needed money! Hell I might as well pay this sucker off right now!

Fortunately I'll never write the check for what they say I owe, "Show me the receipt for what I got!". They can have my signature on the dotted line when they pry the pen from my cold dead hands...bastards.

Mon, 03/12/2012 - 13:18 | 2247651 Joseph Jones
Joseph Jones's picture

If anyone ever has access to Rabbi Santorum at some public event, even (maybe especially) if you are not a member of organized churchianity, ask that scum bag this question:

You are a self-described Christian.  Scripture disallows any Christian from collecting "usury".  Scripture defines usury as any interest, not excessive interest.

How do you square your alleged Scriptural faith with your voting five times to raise the US debt, saddling unborn Christian generations with usury?

I'll post the Scripture vs. upon request. 

I have another choice question regarding felonious torture, another one of Rabbi Santorum's favorite sins.

All these war mongers, O'Rabbi, Rabbi Bush, deserve lifetime prison sentences.  But Bachman and Santorum deserve worse, tar/feather, the stocks, etc.  At least Bush had some (admittedly phony) public personna of humanity before winning the Presdency.  Scum like Santorum and Bachman run on platforms of loving fellonious torture (i.e. high-stress interogation, waterboarding).   

Mon, 03/12/2012 - 13:35 | 2247723 Raymont
Raymont's picture

Yes please.

I'm not sure where the Bible really talks about usury. I'm interested.

In Judaism the Talmud has some parts and Sharia Law as well.

Mon, 03/12/2012 - 13:39 | 2247744 resurger
resurger's picture

http://en.wikipedia.org/wiki/Usury

 

check here Ray.. it banned in all religions

 

Mon, 03/12/2012 - 13:55 | 2247789 Likstane
Likstane's picture

Ex 22.25 If you lend money to My people, to the poor among you, you are not to act as a creditor to him, you shall not charge him interest.

Prov 28:8 He who increases his wealth by interest and usury gathers it for him who is gracious to the poor.

Duet 23.19 You shall not charge interest to your countrymen; interst on money, food, or anything that may be loaned at interest. 

IMO the concept of not loaning to your countrymen/brethren was bastardized into an understanding that is/was ok for "jews" to loan to "christians" and other non-jews.  That is a reason the banking/finance/world power is controlled by 'jewish' people.  p.s I dont need a lesson on the difference between jews/illuminati/satanists/templars or any of the dozen or so groups of people that somehow are the real evil ones.   

Mon, 03/12/2012 - 14:40 | 2247940 Joseph Jones
Joseph Jones's picture

Thanks to contributing posters. 

Another interesting side-bar I request liberty to slip in from Oxford's English Dictionary: the word "jew" first appeared in print in 1775 AD, in a play: "He hath a beard like a Jew".

Unfortunately for Rabbis and their sycophants/slaves, there is no such thing as a "jew" prior to 1775 AD. 

Visit the library and photo-copy "jew" in Oxford's Dictionary.  The year of origin is in parenthesis.  Win $20 on friendly bets at work!  Just get the sucker to agree that Oxford decides the winner.    

Persons who argue (especially "Judaics"), when confronted with a photo-copy of the page from the Oxford Dictionary, surrender with the ridiculous claim: "It doesn't matter, it's only semantics."  Duh, yeah, you bet on semantics dumb-arse, and lost!   

"Judaics" keep this factoid almost-secret.  Years ago I searched the net for hours and could not confirm it.  Oxford don't lie though.

Since the second temple was destroyed in 70AD, there is no such thing as a "Hebraic/Mosaic/Levitical" polity.  The entire physical/"spiritual" universe of the Hebrews ceased to exist in 70 AD.  When Daniel prophecied the end, he prophecied the "time of the end", not the "end of time".  It's the time of the end of the Mosaic Covenant.   

Whatever is a "jew", whatever is "judaism", it is strictly related only to the Old Testament in the lying minds of the Pharisees/Rabbis who authored the Talmud in the 4th C AD.  The ancestors of modern Orthodox Judaism are the Phraisees who hung Christ on the cross, not Abraham/Moses/Isaac/Jacob (Israel). 

Pilate's sign on the crucifix indeed does not translate "Jesus King of the Jews", but rather: "Jesus of Nazareth, Leader of the Judeans".  Judea had a sum total zero religious meaning in the 1st C. AD.     

Hence Pilate's signage stated: 

Jesus lived in Nazareth.

Jesus had followers in Judea (no religious meaning).  

Surprised?   

Mon, 03/12/2012 - 16:29 | 2248360 Likstane
Likstane's picture

I believe you are mistaken about the sign above Jesus.  The Bible records it as "Jesus the Nazerene, King of the Jews", written in Hebrew, Latin, and Greek.  If this were not the real meaning, then there would be no reason for the narrative regarding the 'jews' dis-avowing Jesus as king and acceptance of Ceasar as king.   The argument about the 'jew' strictly being a descendant of Abraham or as a member of the spiritual church is a different one altogether.  The kingship of Christ is very much established today, ruling now over all, some few knowing it, all to know it eventually.   

Mon, 03/12/2012 - 13:12 | 2247659 Downtoolong
Downtoolong's picture

I've got my end of the U.S. debt covered. I've started practicing how to say "I'm sorry I stiffed you" in seven different languages.

 

Mon, 03/12/2012 - 13:21 | 2247688 kito
kito's picture

red...its the new black.........

Mon, 03/12/2012 - 14:42 | 2247975 Joseph Jones
Joseph Jones's picture

+2, love it! 

Mon, 03/12/2012 - 13:24 | 2247695 monopoly
monopoly's picture

LMAO

Mon, 03/12/2012 - 13:36 | 2247730 spooncutter
spooncutter's picture

instead of hellfires and daisy cutters we should just drop trillions in pennies on the dirty terrorists. from high enough up a kill is assured...

Mon, 03/12/2012 - 13:44 | 2247762 yogibear
yogibear's picture

Other countries need to demand assets for any more loans or money. Time for countries to stop taking US dollars. Cities in the US are selling their tollways,parking meters, etc for money.  

Mon, 03/12/2012 - 14:00 | 2247799 EmileLargo
EmileLargo's picture

The important point is that all the world's gold (the idiot Buffett's gold "cube") barely covers 60 percent of all this debt at current valuations. And that's just US debt, Then there's Japan, The Eurozone etc etc etc. You get the picture.

Mon, 03/12/2012 - 14:08 | 2247830 Bull and Co.
Bull and Co.'s picture

Another words about 273, 710 tonns of gold? 

with only about 170,000 in existance going to gold standard should be no problem...


Mon, 03/12/2012 - 14:13 | 2247847 Bull and Co.
Bull and Co.'s picture

betcha there is not enough copper or zinc  to mint all those pennies either....

Mon, 03/12/2012 - 16:08 | 2248240 Olympia
Olympia's picture

Something serious should have taken place, so that the “Superpower" owes 14.5 trillion dollars. Such a "broke superpower" has never been before. The world has never seen before "World rulers" who surrender to pain because cancer medication costs. World rulers, who, when they lose their jobs, go straight to the “garbage”, have never existed not even in the years of Genghis Khan. There should be a problem somewhere and that’s what we are seeking. It’s not possible for someone to eat night and day and to risk dying of malnutrition. It is obviously that this person is severely “ill" and that’s what threatens him with death. This is the case in USA. They take advantage the resources of the whole planet and they have “managed" to be threatened today with bankruptcy. They are doing something wrong. Something is wrong in their “organism”. Some internal "cancerous" agent "sucks" all their inflow and lets them crawl to "death".

Global Debt Crisis
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

World War III - The first private War in history
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

Authored by Panagiotis TRAIANOU.

Mon, 03/12/2012 - 17:23 | 2248586 Bunga Bunga
Bunga Bunga's picture

Pennies to da moon 6217 times? We are rich!

Tue, 03/13/2012 - 02:17 | 2249681 cnhedge
cnhedge's picture

someone can spend 1k per second.

 

http://www.cnhedge.com/

http://www.jinrongbaike.com/

Tue, 03/13/2012 - 05:39 | 2249749 mellons
mellons's picture

interesting comparison to one of the EU "basket cases":

Ireland- population 4.58m (cso 2011); 

national debt 107% approx €121.2bn  (ntma 2012);  debt per citizen 26,462k (approx. $34.4k- USA is $180k).... would not like to work this out for Japan....

 

Tue, 03/13/2012 - 07:54 | 2249810 synonym
synonym's picture

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