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Originally posted by Wrabbit2000
..and in other news, the National Debt still exceeds 100% of adjusted Gross Domestic Product! Yay! (crowd goes wild!) oh... Err.. Wait, that's not a good score to have, is it? errr....
What happened to the sincere talk (or, hey, it sounded sincere?) about reversing or mitigating sequestration? I had a feeling it was just a cheap stunt to pull off DEEP cuts in areas the public and politics would NEVER tolerate outside of such a scheme to say "no one's to blame because everyone is to blame".
What a sight to see when no budget exists in our nation to define anything. It just kinda goes along as it goes. (shelters from the coming storm)
Originally posted by camaro68ss
It’s amazing what printing money can do.
Everything looks rosie and perfect, right until there’s 2 minutes left on the clock and hyperinflation kicks in.
Zimbabwe’s stock market was soaring too. Believe it or not, there was billionaire living on the streets starving.edit on 26-4-2013 by camaro68ss because: (no reason given)
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
..and in other news, the National Debt still exceeds 100% of adjusted Gross Domestic Product! Yay! (crowd goes wild!) oh... Err.. Wait, that's not a good score to have, is it? errr....
What happened to the sincere talk (or, hey, it sounded sincere?) about reversing or mitigating sequestration? I had a feeling it was just a cheap stunt to pull off DEEP cuts in areas the public and politics would NEVER tolerate outside of such a scheme to say "no one's to blame because everyone is to blame".
What a sight to see when no budget exists in our nation to define anything. It just kinda goes along as it goes. (shelters from the coming storm)
The National Debt exceeds the U.S. GDP.
Yes, but does the the Federal Reserve own a large part of that debt?
Hence, the term monetizing the debt. It's an old trick we learned from Great Britain/UK.
Originally posted by Wrabbit2000
Zimbabwe is only one of many who have gone where Bernanke and the US Treasury Dept are taking us now. Only one of many in recent history to have learned in the most devastating and painful ways that math is a universal language which can't be paraphrased or interpreted to say nice things when it reads very bad outcomes.
10 Worst cases of Hyperinflation in history
There but for the Grace of sheer size, power and world inter-connectivity go we ...and not for much longer, either I fear. Math is one of those things ...It doesn't care about politics or man's best laid plans. The numbers just 'are' and they do what the laws which govern them say they will do ...even if Man can delay the process a surprisingly long time in some cases.
In this case tho? Fate delayed isn't Fate denied ....it's just delayed. (digs the shelter a bit deeper)
Originally posted by camaro68ss
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
..and in other news, the National Debt still exceeds 100% of adjusted Gross Domestic Product! Yay! (crowd goes wild!) oh... Err.. Wait, that's not a good score to have, is it? errr....
What happened to the sincere talk (or, hey, it sounded sincere?) about reversing or mitigating sequestration? I had a feeling it was just a cheap stunt to pull off DEEP cuts in areas the public and politics would NEVER tolerate outside of such a scheme to say "no one's to blame because everyone is to blame".
What a sight to see when no budget exists in our nation to define anything. It just kinda goes along as it goes. (shelters from the coming storm)
The National Debt exceeds the U.S. GDP.
Yes, but does the the Federal Reserve own a large part of that debt?
Hence, the term monetizing the debt. It's an old trick we learned from Great Britain/UK.
look where that got them, off the sterling as the world reserve currency. Stocks are up, becuase centeral banks admited to buy stocks and or plan on buying stocks. the house is rigged. this cant go on forever and it wont.
Whats going on in the gold and silver markets at the moment are a big indicater of something big is on the Horizon.edit on 26-4-2013 by camaro68ss because: (no reason given)
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
Zimbabwe is only one of many who have gone where Bernanke and the US Treasury Dept are taking us now. Only one of many in recent history to have learned in the most devastating and painful ways that math is a universal language which can't be paraphrased or interpreted to say nice things when it reads very bad outcomes.
10 Worst cases of Hyperinflation in history
There but for the Grace of sheer size, power and world inter-connectivity go we ...and not for much longer, either I fear. Math is one of those things ...It doesn't care about politics or man's best laid plans. The numbers just 'are' and they do what the laws which govern them say they will do ...even if Man can delay the process a surprisingly long time in some cases.
In this case tho? Fate delayed isn't Fate denied ....it's just delayed. (digs the shelter a bit deeper)
Our future is bright.
Evidence: Will the USA keep its AAA rating during 2013?
Answer: Yes
The Obama Administration (reluctantly) put the Sequestration into effect. That act
essentially froze spending of the U.S. Government to 2012 levels.
At the same time, the USA income ( In Come -vs- Out Go) is projected by the CBO
to be $2.7 Trillion.
That is why our National Deficit will fall well below $1 Trillion in 2013.
Look at the Big Picture.
Originally posted by camaro68ss
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
Zimbabwe is only one of many who have gone where Bernanke and the US Treasury Dept are taking us now. Only one of many in recent history to have learned in the most devastating and painful ways that math is a universal language which can't be paraphrased or interpreted to say nice things when it reads very bad outcomes.
10 Worst cases of Hyperinflation in history
There but for the Grace of sheer size, power and world inter-connectivity go we ...and not for much longer, either I fear. Math is one of those things ...It doesn't care about politics or man's best laid plans. The numbers just 'are' and they do what the laws which govern them say they will do ...even if Man can delay the process a surprisingly long time in some cases.
In this case tho? Fate delayed isn't Fate denied ....it's just delayed. (digs the shelter a bit deeper)
Our future is bright.
Evidence: Will the USA keep its AAA rating during 2013?
Answer: Yes
The Obama Administration (reluctantly) put the Sequestration into effect. That act
essentially froze spending of the U.S. Government to 2012 levels.
At the same time, the USA income ( In Come -vs- Out Go) is projected by the CBO
to be $2.7 Trillion.
That is why our National Deficit will fall well below $1 Trillion in 2013.
Look at the Big Picture.
big picture. US debt at 16.8 trillion dollars. Intrest on debt is 350 billion a year and interest rates are at historic lows. (1.5-2%) The Average historic rate is 6%. If rates rise up to 6%, your looking at 1.050 trillion dollars interest payments yearly. That high of a interest rate will defalt the country. This is called math.
Rates will never rise that high again. The Federal Reserve will not allow it. To keep the rates down, they will print money and buy US bonds to make a artificial demand.(this lowers rates) The end of the road is fast aproching.
you still think things are rosie?edit on 26-4-2013 by camaro68ss because: (no reason given)
Originally posted by Wrabbit2000
I didn't realize S&P had raised the US rating BACK to AAA? I suppose I'd love to hear their reasoning for how fundamentals behind the rating have improved since 2011. After all, they aren't rating on the public numbers and stats the media carry for general consumption. They generally base it on the nuts and bolts behind all that and which underpin those numbers.
S&P downgrades U.S. credit rating for first time
Something more recent was last September (before the current 24/7 endless crisis mode of living in the U.S.? It wasn't that long ago at all)
Wonkbook: U.S. threatened with another credit downgrade
We can make the turds look like gold nuggets for appearance sake ...but the math still sits there like a timebomb with no way to defuse. Compound interest alone has the nation in a hole it can never exit at this stage ...with interest due on debt (after creative playing with the numbers to make it look smaller) coming to over a half trillion dollars by 2017. It's over 1/4 trillion due per year at the present time. Those interest obligations on debt that is, itself, growing by well over 1 trillion a year ...would sure go a long way to offsetting some of these painful cuts, wouldn't they?
@Camaro
Believe it or not.. I was typing mine and looking stuff up while you typed yours. Concerned minds think alike, eh?edit on 26-4-2013 by Wrabbit2000 because: (no reason given)
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
I didn't realize S&P had raised the US rating BACK to AAA? I suppose I'd love to hear their reasoning for how fundamentals behind the rating have improved since 2011. After all, they aren't rating on the public numbers and stats the media carry for general consumption. They generally base it on the nuts and bolts behind all that and which underpin those numbers.
S&P downgrades U.S. credit rating for first time
Something more recent was last September (before the current 24/7 endless crisis mode of living in the U.S.? It wasn't that long ago at all)
Wonkbook: U.S. threatened with another credit downgrade
We can make the turds look like gold nuggets for appearance sake ...but the math still sits there like a timebomb with no way to defuse. Compound interest alone has the nation in a hole it can never exit at this stage ...with interest due on debt (after creative playing with the numbers to make it look smaller) coming to over a half trillion dollars by 2017. It's over 1/4 trillion due per year at the present time. Those interest obligations on debt that is, itself, growing by well over 1 trillion a year ...would sure go a long way to offsetting some of these painful cuts, wouldn't they?
@Camaro
Believe it or not.. I was typing mine and looking stuff up while you typed yours. Concerned minds think alike, eh?edit on 26-4-2013 by Wrabbit2000 because: (no reason given)
Moodys will keep us at AAA.
Soon S&P will upgrade us to AAA. Our future is bright.
Originally posted by camaro68ss
Originally posted by TauCetixeta
Originally posted by Wrabbit2000
I didn't realize S&P had raised the US rating BACK to AAA? I suppose I'd love to hear their reasoning for how fundamentals behind the rating have improved since 2011. After all, they aren't rating on the public numbers and stats the media carry for general consumption. They generally base it on the nuts and bolts behind all that and which underpin those numbers.
S&P downgrades U.S. credit rating for first time
Something more recent was last September (before the current 24/7 endless crisis mode of living in the U.S.? It wasn't that long ago at all)
Wonkbook: U.S. threatened with another credit downgrade
We can make the turds look like gold nuggets for appearance sake ...but the math still sits there like a timebomb with no way to defuse. Compound interest alone has the nation in a hole it can never exit at this stage ...with interest due on debt (after creative playing with the numbers to make it look smaller) coming to over a half trillion dollars by 2017. It's over 1/4 trillion due per year at the present time. Those interest obligations on debt that is, itself, growing by well over 1 trillion a year ...would sure go a long way to offsetting some of these painful cuts, wouldn't they?
@Camaro
Believe it or not.. I was typing mine and looking stuff up while you typed yours. Concerned minds think alike, eh?edit on 26-4-2013 by Wrabbit2000 because: (no reason given)
Moodys will keep us at AAA.
Soon S&P will upgrade us to AAA. Our future is bright.
on what ground will they upgrade us? where are you coming up with this stuff?
Food stamps at record high, 1 in 5 americans, thats a bright future?
(Source: Fed Maintains $85 Billion Pace of Monthly Asset Purchases)
“As we make progress toward our objective, we may adjust the flow rate of purchases from month to month to appropriately calibrate the amount of accommodation,” Bernanke, a former Princeton University professor, said. “We think it makes more sense to have our policy variable, which is the rate of flow of purchases respond in a more continuous or sensitive way to changes in the outlook.”
Originally posted by Wrabbit2000
reply to post by TauCetixeta
Are you counting the Operation Twist/QE-3 total of 85 Billion a month being added by the Fed? That's over a trillion a year that isn't being counted that I've seen much in the media. Not for the annual effect. Bernanke has made clear it will run into the long term future but it's seemingly ignored on the debt figure as if it could end any month now and be a short term fluke.
It strikes me as odd that I haven't heard this before and just assumed Bernanke was, at least, a big time banker or something but Bloomberg mentions his background as something quite different than I'd have imagined .....given the position he holds so critical to the nuts and bolts working of the US and world economies.
(Source: Fed Maintains $85 Billion Pace of Monthly Asset Purchases)
“As we make progress toward our objective, we may adjust the flow rate of purchases from month to month to appropriately calibrate the amount of accommodation,” Bernanke, a former Princeton University professor, said. “We think it makes more sense to have our policy variable, which is the rate of flow of purchases respond in a more continuous or sensitive way to changes in the outlook.”
The overall report, broken down by points of economic interest, isn't a particularly pretty one much of anywhere ...and these guys look at this for a living.
edit on 26-4-2013 by Wrabbit2000 because: (no reason given)
Originally posted by camaro68ss
Whats going on in the gold and silver markets at the moment are a big indicater of something big is on the Horizon.
Originally posted by links234
Originally posted by camaro68ss
Whats going on in the gold and silver markets at the moment are a big indicater of something big is on the Horizon.
You do know that gold and silver just crashed, right?