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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about this latest US debt infographic courtesy of FX Fatcat, which by now everyone has seen in some capacity, is how out of date it is, as the latest debt is $15.518 trillion, or $100 billion more than shown here in "March 2012."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 | Link to Comment Moneyswirth
Moneyswirth's picture

Awesome.  Just fucking awesome.

Mon, 03/12/2012 - 12:13 | Link to Comment 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 | Link to Comment SilverIsKing
SilverIsKing's picture

Which head?

Mon, 03/12/2012 - 12:24 | Link to Comment Banksters
Banksters's picture

Cranium.    He and robo are quite exotic...

Mon, 03/12/2012 - 12:53 | Link to Comment 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 | Link to Comment Thamesford
Thamesford's picture

I think you're suffering from Bernanknephobia!

Mon, 03/12/2012 - 14:34 | Link to Comment 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 | Link to Comment LowProfile
LowProfile's picture

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

Mon, 03/12/2012 - 12:19 | Link to Comment 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 | Link to Comment trav7777
trav7777's picture

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

Mon, 03/12/2012 - 12:43 | Link to Comment 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 | Link to Comment Irish66
Irish66's picture

Put it on the mastercard

Mon, 03/12/2012 - 12:14 | Link to Comment Racer
Racer's picture

The Bank of Generations of Unborn children

Mon, 03/12/2012 - 12:16 | Link to Comment 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 | Link to Comment espirit
espirit's picture

Default already, it's insured.

Mon, 03/12/2012 - 12:47 | Link to Comment Tortfeasor
Tortfeasor's picture

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

Mon, 03/12/2012 - 15:26 | Link to Comment 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 | Link to Comment non_anon
non_anon's picture

cut that credit card in two

Mon, 03/12/2012 - 13:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment faustian bargain
faustian bargain's picture

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

Mon, 03/12/2012 - 20:32 | Link to Comment 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 | Link to Comment Thamesford
Thamesford's picture

What's not in your wallet?

Mon, 03/12/2012 - 12:12 | Link to Comment SemperFord
SemperFord's picture

We're number one? :-O

Mon, 03/12/2012 - 12:12 | Link to Comment 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 | Link to Comment CH1
CH1's picture

And "per working family" would be much worse.

Mon, 03/12/2012 - 14:45 | Link to Comment BooMushroom
BooMushroom's picture

How's about "per tax paying family?"

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

...and per taxpaying individual.

Mon, 03/12/2012 - 12:20 | Link to Comment 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 | Link to Comment Overflow-admin
Overflow-admin's picture

new IPad 3's for everyone, on you!

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

'Change' you can believe in!

Mon, 03/12/2012 - 12:22 | Link to Comment Hansel
Hansel's picture

Chains you can bereave in.

Mon, 03/12/2012 - 12:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Tortfeasor
Tortfeasor's picture

Stealing this.

Mon, 03/12/2012 - 12:15 | Link to Comment NotApplicable
NotApplicable's picture

This should end well.

Mon, 03/12/2012 - 12:15 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

Cat 5 Shiticane.

Mon, 03/12/2012 - 12:17 | Link to Comment The Navigator
The Navigator's picture

Taxpayers RoboSigned for individual and family debt.

Mon, 03/12/2012 - 12:17 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Thamesford
Thamesford's picture

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

Mon, 03/12/2012 - 14:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment YesWeKahn
YesWeKahn's picture

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

Mon, 03/12/2012 - 12:19 | Link to Comment 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 | Link to Comment dontgoforit
dontgoforit's picture

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

Mon, 03/12/2012 - 14:14 | Link to Comment Thamesford
Thamesford's picture

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

Mon, 03/12/2012 - 12:19 | Link to Comment Seasmoke
Seasmoke's picture

time to get off this merry go round

Mon, 03/12/2012 - 12:19 | Link to Comment Silverhog
Silverhog's picture

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

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

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

Mon, 03/12/2012 - 12:21 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

???

Mon, 03/12/2012 - 12:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment JohnnyBriefcase
JohnnyBriefcase's picture

Ah that would explain it.

Mon, 03/12/2012 - 13:35 | Link to Comment 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 | Link to Comment 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 | Link to Comment fuu
fuu's picture

Should have thrown in the unfunded liability amount too.

Mon, 03/12/2012 - 12:31 | Link to Comment synonym
synonym's picture

Comment deleted

Mon, 03/12/2012 - 12:32 | Link to Comment SheepDog-One
SheepDog-One's picture

Going to have to hold your gold THRU monetary collapse. 

Mon, 03/12/2012 - 12:46 | Link to Comment Momauguin Joe
Momauguin Joe's picture

...

Mon, 03/12/2012 - 12:29 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment espirit
espirit's picture

Shhhh! blackmarket.

Mon, 03/12/2012 - 12:38 | Link to Comment synonym
synonym's picture

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

Mon, 03/12/2012 - 12:44 | Link to Comment 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 | Link to Comment synonym
synonym's picture

Agreed.

Mon, 03/12/2012 - 13:43 | Link to Comment 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 | Link to Comment fuu
fuu's picture

Boating.

Mon, 03/12/2012 - 14:17 | Link to Comment Thamesford
Thamesford's picture

doesn't that need a lot of liquididty?

Mon, 03/12/2012 - 12:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Hedgetard55
Hedgetard55's picture

+55

Excellent insight.

Mon, 03/12/2012 - 12:47 | Link to Comment 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 | Link to Comment synonym
synonym's picture

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

Mon, 03/12/2012 - 13:29 | Link to Comment viahj
viahj's picture

what would half a bottle of Southern Comfort getcha?

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

Two hours with Ned Beatty's twin brother.

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

Grandma!

Mon, 03/12/2012 - 14:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Eclipse89
Eclipse89's picture

4.400$ savings per family? O_O

Is every American family a compulsive shopper?

Mon, 03/12/2012 - 12:40 | Link to Comment Stackers
Stackers's picture

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

 

Mon, 03/12/2012 - 12:50 | Link to Comment ejhickey
ejhickey's picture

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

Mon, 03/12/2012 - 12:37 | Link to Comment 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 | Link to Comment espirit
espirit's picture

Sure you can: silver boolit.

Mon, 03/12/2012 - 12:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment VulpisVulpis
Mon, 03/12/2012 - 12:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment viahj
viahj's picture

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

Mon, 03/12/2012 - 13:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment resurger
resurger's picture

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

 

check here Ray.. it banned in all religions

 

Mon, 03/12/2012 - 13:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment kito
kito's picture

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

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

+2, love it! 

Mon, 03/12/2012 - 13:24 | Link to Comment monopoly
monopoly's picture

LMAO

Mon, 03/12/2012 - 13:36 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Pennies to da moon 6217 times? We are rich!

Tue, 03/13/2012 - 02:17 | Link to Comment cnhedge
cnhedge's picture

someone can spend 1k per second.

 

http://www.cnhedge.com/

http://www.jinrongbaike.com/

Tue, 03/13/2012 - 05:39 | Link to Comment 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 | Link to Comment synonym
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