As Treasury Cash Drops To Just $14.2 Billion, And No Bond Auctions Until Next Week, Is America About

As Treasury Cash Drops To Just $14.2 Billion, And No Bond Auctions Until Next Week, Is America About To Run Out Of Cash?


And so the US Treasury has hit the proverbial paycheck to paycheck sustenance level. After burning $12.8 billion (without a change in gross debt) in cash today alone, and $75 billion in the month of March so far, primarily driven by a back end-loaded tax refund calendar, according to the Daily Treasury Statement, today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, this is the same amount that the Treasury burns on a good day!

Read more at:

www.zerohedge.com...




So, wonder what the Obama team is going to do now. Come on Ben, get those printers working,,,,,

Don’t worry Obama was out looking for some cash in the 9th hole today.

reply to post by MidnightTide


Good Heavens! This is serious,indeed. I don't think firing up the printers is going to help much on this one. Every time they print up more funny money,the value drops which is what they want to try to avoid-I think. Currency devaluation makes it more difficult for them to find investors willing take on US debt.

Anyway,doesn't look at all.

reply to post by MidnightTide


Explanation: S&F!

I sourced the USA's population from a Google Search: USA Population [google]

307,006,550 - Jul 2009 Source: U.S. Census Bureau, Population Division

And I divided the 14.2 Billion U$D by the head of population and the result was a measily sub $50 per head of population. [= $46.25 ]

Personal Disclosure: I found out that the Australian Governement has about 40 Billion U$D in reserve and thats = $1828.58 per head of population [21,874,900 circa 2009], which is almost 40 x greater [39.6x].

reply to post by FlyingJadeDragon


You've said it best.

I actually watched that Porter Stansberry video after seeing it advertised on CNN, otherwise I wouldn't have.

I never thought I'd see the day when the US dollar would devalue.

There was a thread about this earlier.

I will repeat what I said there. This is much ado about nothing. Yes, the US financial system is incredibly unstable, but this is nothing to worry about.

The Presidents Financial Working group aka plunge protection team funnels trillions into equities and bonds with no paper trail. Often times they pour money off the books of the Federal Reserve at the beginning or end of a trading session. They will prop up companies with huge moves. The do this without the SEC, or anyone else really knowing the scale.

The power brokers are not gonna let it fall until they can benefit, and use it for geopolitical gain. These people are way to smart. Hell they are the house of the biggest casino in human history.


This being the case it is highly unlikely they do not have this under control. The dollar will fail, but not this week. It is definitely on precarious ground. I heard a radio show where a bullion dealer said when the dollar index blew threw 75 he thought it was the big fall. Immediately the Fed stepped in, and flooded the market. It will continue to do so until the US dollar is removed from reserve status. It is only a matter of time.

Buy gold and silver.

Originally posted by OmegaLogos
reply to post by MidnightTide

 

Explanation: S&F!

I sourced the USA's population from a Google Search: USA Population [google]

307,006,550 - Jul 2009 Source: U.S. Census Bureau, Population Division

And I divided the 14.2 Billion U$D by the head of population and the result was a measily sub $50 per head of population. [= $46.25 ]

Personal Disclosure: I found out that the Australian Governement has about 40 Billion U$D in reserve and thats = $1828.58 per head of population [21,874,900 circa 2009], which is almost 40 x greater [39.6x].

I don't have the figures before me, but if we calculated out the spending for war.... Bet we could have at least a thousandfold of that $1,800+ figure. Each. On this planet. A year.

Just...thinkin'.

already covered
www.abovetopsecret.com...

Originally posted by uncuuncu

I never thought I'd see the day when the US dollar would devalue.

Weird, but I thought it would happen sooner.

Was in banking long decades ago and saw the writing on the wall even back then.

Oh rats.

Add this to the mix (below), I think they will have a deliberate left/right fallout to crash things .Obama only met with the govenors last week .You know the ten over-seers of the 10 fema districts .

From www.navytimes.com
If government shuts down, so would troop pay

By Rick Maze - Staff writer
Posted : Friday Mar 11, 2011 12:08:58 EST

U.S. troops could be required to report to work without pay if a budget clash in Congress results in a government-wide shutdown, according to draft planning guidance circulating in the Pentagon.

A shutdown could happen as early as next week, as the government is set to run out of money at midnight March 17. A bill that would keep the government operating temporarily has been prepared in the House of Representatives, but it is not clear when or if it might pass.

The government has been operating under a series of temporary appropriations, known as continuing resolutions, since Oct. 1 because of lawmakers’ inability to agree on how much money to provide federal agencies. Budget discussions have become increasingly complicated since the November general elections resulted in a divided legislature, with Republicans controlling the House and Democrats controlling the Senate.

reply to post by MidnightTide


Devalue the currency, America crumbles. Much cheaper for international banksters to buy a country that has been ruined than a powerful, economically healthy one.

Opportunity to introduce the New World Order global currency once the dollar dies?

Originally posted by OmegaLogos
reply to post by MidnightTide

 

Explanation: S&F!

I sourced the USA's population from a Google Search: USA Population [google]

307,006,550 - Jul 2009 Source: U.S. Census Bureau, Population Division

And I divided the 14.2 Billion U$D by the head of population and the result was a measily sub $50 per head of population. [= $46.25 ]

Personal Disclosure: I found out that the Australian Governement has about 40 Billion U$D in reserve and thats = $1828.58 per head of population [21,874,900 circa 2009], which is almost 40 x greater [39.6x].

Yes and did you deduct the elderly,unemployed ,disabled ,retired and children to young to work from your American figures ? As for the Australian dollar , use the same principle and ask your self why it is not worth more than it is against the American dollar ?

Originally posted by MidnightTide
As Treasury Cash Drops To Just $14.2 Billion, And No Bond Auctions Until Next Week, Is America About To Run Out Of Cash?


And so the US Treasury has hit the proverbial paycheck to paycheck sustenance level. After burning $12.8 billion (without a change in gross debt) in cash today alone, and $75 billion in the month of March so far, primarily driven by a back end-loaded tax refund calendar, according to the Daily Treasury Statement, today's cash balance dropped to the scary level of just $14.2 billion. Without the benefit of incremental funding, this is the same amount that the Treasury burns on a good day!

Read more at:

www.zerohedge.com...




So, wonder what the Obama team is going to do now. Come on Ben, get those printers working,,,,,

Japan is dumping their bonds on the market right now ahead of this , so the market will be flooded before the US sale even begins .