USA within days will run out of money!

Tomorrow is gonna be interesting.

Also, the total debt, not just that subject to the ceiling, could pass the legal threshold as early as tomorrow (pro forma for settlement).

While NOBODY is watching this... and all focusing on Japan or Libya...

reply to post by camaro68ss


I must be a AAAAAAAA++++ on my Credit Card, never been any where the Limit and never defaulted on the amount. My bank must really fracking hate me. House is paid for, Paid cash for Car.

Why not just raise the limit to $999,999,999,999,999,999,999,999,999,999,999,999 problem solved. Spend, Baby, Spend. Spend like there's no tomorrow. Spend like you know your going to die of cancer in the next 3 months. Spend like you don't give a crap. Spend like you have absolutely NO intention of ever paying the money back. And there are still plenty of countries left to NOT have a War with.

Originally posted by camaro68ss
today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, If tomorrow operating outflows surpass $14.2 billion (and, again, the amount was $12.8 billion today) the world's "greatest" country (i.e. banana republic) runs out of cash, period.

www.zerohedge.com...

plane and simple folks, we are out of money. Then goverment doesent have any bond autions until next week. This is a major cash flow problem that will bring the economy to a free fall because of the daily pumping of the markets by the feds.

No more money to pump the markets means the markets house of cards are to stand on there own for a week in the windstorm.

Let me try and brake it down a bit. The facts are the FEDs print money, they buy the bonds from the Treasures and the treasure uses that money to finance the government. the problem here is the treasure is not selling bonds until next week and the treasure is out of cash! Odds are we are going to have 4-5 days of no cash in the goverment until they sale more bonds next week

edit on 14-3-2011 by camaro68ss because: (no reason given)

edit on 14-3-2011 by camaro68ss because: (no reason given)

You wanna know why US will NOT run of cash within days. It's simple - only economics.

USA is a resource rich nation. Commerce and trade is still on going, not that it had stopped. It's tax revenues are still supported and taking in cash daily from several if not hundreds of thousands of sources.

The only problem is that whatever that it gets, go to the Feds to settle the debts with its bankers. This had been the way the private bankers and investor institution wants it - to keep USA in debts so that it cannot save money to fund its own operations.

Today, the feds are willing to give further credit, as it serves no purpose to call in the loans now and NEVER to see another dime from US again. Thus there will ALWAYS be money for USA to fund its operations. It comes from the bloated rich elites with their hoarded wealth.

The day when US runs out of money to fund operations is the day the Feds and the rich elites get strung by their necks upon lamposts. They know where their bread is buttered.

Sleep welll. Financial concerns for the american purse had been taken care of. Be concern only for the price your future generations will have to continue to pay debts to the rich elites, whom will attempt to survive no matter how the outcome of the world turns out.

They play every side with no loss, which is why they survived for centuries. May they be eradicated one day when we become strong with savings of our own. They too are flawed beings and will make mistake some day, as they did during the financial crisis of '08 and revealed themeselves in full view to the public.

These threads are like an inflation...this is the what? 2000th time the economy is gonna collapse within days? -_-

OH! maybe the US Govt could sell one of their multi-billion dollar bunkers ?

The present financial tailspin is only going to get worse until the US dollar collapses altogether. There is no way to get out of the crushing debt we're in, as to do so would mean to contract the economy, and that goes against the fed's economic policy.

The US fiat currency, i.e., paper with no gold backing, is doomed to fail as every other fiat currency has failed for thousands of years. We are in the death throws. Durable goods are the thing to have, as is gold. The reason is that it will take more and more dollars to buy everything, including gold, so the price of gold will continue to go up. It is always a good idea to get your hands on as much gold as you can at whatever the spot price happens to be, because it will always continue to go up from here on out.

There will be a period when the dollar still exists, prior to its total collapse, when prices are sky high and climbing every day. That's when you can use your gold to "buy back in" to the dollar to get what you need, so you won't necessarily have to just barter with small denominations.

But when that time passes, you will need small denominations to purchase with. The last thing you'll want to do is to fork over your one ounce gold eagle and get a bunch of worthless paper in change.

Every society needs a currency to function, so state by state, the US will be forced back into a gold backed currency, or collapse as a society. Look for a gold backed currency to show itself in the near future.

reply to post by CanadianDream420


We throw away all our Canadian quarters or give 'em to the kids to play with....ain't worth nothin' here. Actually get really offended if they spew out of a vending machine as "change."

Shall be interesting.

As we reported previously, the total US debt is now well above the debt ceiling. Since then the total debt number has only grown and as of yesterday was $14,320,468,555,091.68. Luckily, the legal loophole, the debt subject to the ceiling is still marginally below the $14.294 trillion cap: it was $14.268 trillion, or just $26 billion less.

So here is the math that is just a little troubling:

According to Treasury direct over the next week there will be a rather substantial net cash pay down:

* April 21: $92 billion in Bill Issuance offset by $122 billion in maturities for $30 billion in net debt reduction
* April 29: $14 billion in $14 billion TIPS issuance settles (auction today): $14 billion in net debt increase
* May 2: $99 billion of the abovementioned bonds settle (auctions next week), offset by $52.6 billion in maturities: $46.4 billion in net debt increase.

This means that over the next week there will be a total of $30.4 billion in net debt increase.

Backing up, as noted above there is $26 billion in capacity under the cap.

So..... just how does the Treasury plan to offset the $4 billion breach of the legal debt ceiling that is projected to appear on the Treasury statement as of May 2?

May 2, the ``debt subject to the debt ceiling`` hits the ceiling.

The dollar will be completely dead by the end of 2012. Mark my words people. DEAD

Originally posted by camaro68ss
today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, If tomorrow operating outflows surpass $14.2 billion (and, again, the amount was $12.8 billion today) the world's "greatest" country (i.e. banana republic) runs out of cash, period.

www.zerohedge.com...

plane and simple folks, we are out of money. Then goverment doesent have any bond autions until next week. This is a major cash flow problem that will bring the economy to a free fall because of the daily pumping of the markets by the feds.

No more money to pump the markets means the markets house of cards are to stand on there own for a week in the windstorm.

Let me try and brake it down a bit. The facts are the FEDs print money, they buy the bonds from the Treasures and the treasure uses that money to finance the government. the problem here is the treasure is not selling bonds until next week and the treasure is out of cash! Odds are we are going to have 4-5 days of no cash in the goverment until they sale more bonds next week

edit on 14-3-2011 by camaro68ss because: (no reason given)

edit on 14-3-2011 by camaro68ss because: (no reason given)

www.businessinsider.com...
Here is another portion of the major problem. The 2010 accounting is a dire warning. With just entitlements and interest on the debt, we spent 2.245 Trillion, while only taking in 2.2 Trillion. Unless we make total changes to the entire system, we are in a death spiral.

Originally posted by HRF1965
The present financial tailspin is only going to get worse until the US dollar collapses altogether. There is no way to get out of the crushing debt we're in, as to do so would mean to contract the economy, and that goes against the fed's economic policy.

The US fiat currency, i.e., paper with no gold backing, is doomed to fail as every other fiat currency has failed for thousands of years. We are in the death throws. Durable goods are the thing to have, as is gold. The reason is that it will take more and more dollars to buy everything, including gold, so the price of gold will continue to go up. It is always a good idea to get your hands on as much gold as you can at whatever the spot price happens to be, because it will always continue to go up from here on out.

There will be a period when the dollar still exists, prior to its total collapse, when prices are sky high and climbing every day. That's when you can use your gold to "buy back in" to the dollar to get what you need, so you won't necessarily have to just barter with small denominations.

But when that time passes, you will need small denominations to purchase with. The last thing you'll want to do is to fork over your one ounce gold eagle and get a bunch of worthless paper in change.

Every society needs a currency to function, so state by state, the US will be forced back into a gold backed currency, or collapse as a society. Look for a gold backed currency to show itself in the near future.

Better option to just gold, is to own silver, since it is also a precious and demanded metal, but sells at 1/30th of gold, thus allowing for you to have a smaller amount of precious metal to trade with. Also, get walking dimes and quarters(old coins made out of silver) for even smaller quantities of stuff.

Originally posted by dude69
These threads are like an inflation...this is the what? 2000th time the economy is gonna collapse within days? -_-

The other way of looking at this is that it isn't a matter of "IF", but "WHEN". If you see a lot of missiles coming toward you, eventually one will strike you, and that will be the end of you. It is the same thing, when you live beyond your means as a country, eventually China will stop buying, they may have already, since they are selling 2/3rd of their position. Eventually the oil producing countries will want something other than dollars, oh wait, they are demanding Euros about half of the time now. We are on a dangerous cliff, it is a matter of when, not if, so instead of besmirching the warnings, take the chance to prepare while your dollars are still worth something.

Originally posted by SeekerofTruth101

Originally posted by camaro68ss
today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, If tomorrow operating outflows surpass $14.2 billion (and, again, the amount was $12.8 billion today) the world's "greatest" country (i.e. banana republic) runs out of cash, period.

www.zerohedge.com...

plane and simple folks, we are out of money. Then goverment doesent have any bond autions until next week. This is a major cash flow problem that will bring the economy to a free fall because of the daily pumping of the markets by the feds.

No more money to pump the markets means the markets house of cards are to stand on there own for a week in the windstorm.

Let me try and brake it down a bit. The facts are the FEDs print money, they buy the bonds from the Treasures and the treasure uses that money to finance the government. the problem here is the treasure is not selling bonds until next week and the treasure is out of cash! Odds are we are going to have 4-5 days of no cash in the goverment until they sale more bonds next week

edit on 14-3-2011 by camaro68ss because: (no reason given)

edit on 14-3-2011 by camaro68ss because: (no reason given)

You wanna know why US will NOT run of cash within days. It's simple - only economics.

USA is a resource rich nation. Commerce and trade is still on going, not that it had stopped. It's tax revenues are still supported and taking in cash daily from several if not hundreds of thousands of sources.

The only problem is that whatever that it gets, go to the Feds to settle the debts with its bankers. This had been the way the private bankers and investor institution wants it - to keep USA in debts so that it cannot save money to fund its own operations.

Today, the feds are willing to give further credit, as it serves no purpose to call in the loans now and NEVER to see another dime from US again. Thus there will ALWAYS be money for USA to fund its operations. It comes from the bloated rich elites with their hoarded wealth.

The day when US runs out of money to fund operations is the day the Feds and the rich elites get strung by their necks upon lamposts. They know where their bread is buttered.

Sleep welll. Financial concerns for the american purse had been taken care of. Be concern only for the price your future generations will have to continue to pay debts to the rich elites, whom will attempt to survive no matter how the outcome of the world turns out.

They play every side with no loss, which is why they survived for centuries. May they be eradicated one day when we become strong with savings of our own. They too are flawed beings and will make mistake some day, as they did during the financial crisis of '08 and revealed themeselves in full view to the public.

edit on 1-4-2011 by SeekerofTruth101 because: (no reason given)

You might want to study history before speaking of "economic" truth. Those same bankers said that the British Sterling was sound forever, but it suffered major collapse after WWI, and was replaced by the Pound Sterling to curb inflation. How about studing the Wiemar Republic, which the German Mark was eventually replaced by the Dutch mark. Argentina, suffered hyper inflation as well, and eventually pegged their currency to the dollar to save it. Right now there are at least 7 countries calling for a new currency, and there are at least 3 different groups, G-20, BRIC, and the IMF that are calling for a new currency or basket of currencies to keep the dollar in check( or replace it). Be blind if you wish, but the U.S. is not "immune" to the normal trends of any currency.

As for the "uber rich banker" theory, when the dollar looks weak enough, they will simply move their masses of money into another currency, like the Yuan or Euro, and then the dollar will enter into hyper-inflation, or it will have to be "reformed" with a "buy-back" to deflate the seen prices(but not the real prices) like AIG did with their 20 to 1 stock buy back. They simply reissued one stock for every 20 someone owned to get their price back up into the 20's.
Sorry, but this is simple.. it's only economics.

Buy canned goods, it will be the new money if what you say is true.

the next 3 days we go over the limit, watch for intrest rate increses as a shot over the bow of congress to act

reply to post by camaro68ss


Funny that this was posted the same day the IMF chief was arrested at the airport.
He found out that there is no gold at the Fort Knox. And he got arrested. What a coincidence?

August and September will be fun...

Prepare For A Surge Of Treasury Issuance As Soon As The Debt Ceiling Is Lifted

As the chart below shows, since May 16, the cumulative divergence between where total debt is and where it should be is now a whopping $265 billion. That's right: when the debt ceiling cap is finally lifted, and it will be lifted, with republicans "kicking and screaming", Geithner will suddenly find himself needing to plug a gap of over 2 months worth of accrued treasury issuance. Mathematically, this means the Treasury will have to sell not the $100 billion or so in net debt but well over double that in August and September. And this will happen at a time when there is no QE2 to soak up the excess slack.

GOOD STINKING LUCK selling all those bonds...

Me thinks, WITHOUT QE3 by then, we will see the first FAILED BOND AUCTION in a while...And this will be the beginning of the end.

They have to start QE3 or else....the spiral will begin.

reply to post by Vitchilo


there are just to many things coming to a point all at once. Its going to be a crazy summer