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U.S. Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14

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posted on Nov, 18 2013 @ 05:57 PM
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It looks like the Ponzi scheme is continuing as usual.

After racking up massive debt since last spring when the 'official' debt ceiling was topped out, the Treasury applied magical accounting methods that resulted in a boiling water kettle that blew sky high when Congress couldn't keep the lid tight anymore.

U.S. Treasury borrowing amounted to a whopping 1 Trillion dollars in just six short weeks starting Oct 1st !!!

The Treasury borrows money by issuing security papers to 'investors'.

It seems about $880 billion went to pay off maturing loan debt, much more than what was spent on regular expenses.

This shows how dependent we are on loans.

Let's hope the demand doesn't start drying up and forces interest rate increases.



Between Oct. 1, 2013, the first day of fiscal 2014, and Nov. 14—which was less than a month after Congress agreed to temporarily suspend the legal limit on the federal debt—the Treasury was forced to issue more than $1 trillion in new debt.

During that time, according to the Daily Treasury Statement, the Treasury issued $1,014,215,000,000 in new bills, notes, bonds and other securities. ......

... Lew’s description of the way the government handles its now-$17-trillion-plus debt mirrors the Securities and Exchange Commission’s definition of a Ponzi scheme



Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14




posted on Nov, 18 2013 @ 06:03 PM
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Seems like the beginnning of high inflation starts next year. I figure we're already about 5-6% annual atm.. maybe creep into double digits this year or next.


edit on 18-11-2013 by webedoomed because: (no reason given)



posted on Nov, 18 2013 @ 06:34 PM
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reply to post by xuenchen
 


This is getting silly with spiraling debt. These "international bankers" are financial terrorists and public enemy number one. If we are all fighting a war against terror, why the hell aren't the US retiring these @ssclown international bankers? Give a proper trial first, it's not like there isn't enough evidence that a reasonable jury wouldn't find them guilty. FFS's if the US can kill innocents, women and children with drones, why can't they at least try the criminals and send them on their merry way? It's not like they don't know who they are. What a dysfunctional system...

Cheers - Dave
edit on 11/18.2013 by bobs_uruncle because: (no reason given)



posted on Nov, 18 2013 @ 06:45 PM
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Evening,

And so the rampant theft and criminal behavior continues unabated?
Of course it would.
It's never going to change either unless the people change it themselves...barring the outcome of "things getting worse" in which case that change is guarenteed as long as everyone sits on their thumbs wondering what Miley Cyrus will fellate next.

-Peace-



posted on Nov, 18 2013 @ 06:48 PM
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I like the reference "Ponzi scheme" It so fits.



posted on Nov, 18 2013 @ 06:54 PM
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Get ready for war one way or another...



posted on Nov, 18 2013 @ 07:36 PM
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reply to post by xuenchen
 


Sounds like it's time I update all my budget numbers, as that's a game changer and a half. So much, so quickly will be interesting to watch for what happens to what is issued. Who buys it all and how do the numbers change overall? As I seem to follow all this with a bit of reading....The debt is out in securities bought by everyone from foreign nations to retirement funds to Ma and Pa Kettle somewhere in those fruited plains of ours, buying some Treasury notes/bonds for a grandchild or something.

The privately held debt is by many x's over larger than other nations hold. So...when no one is exactly rolling in spare dough like past times, who is demanding so much?

One of these days, they'll have a money party and there simply won't be anyone showing up to buy more.



posted on Nov, 18 2013 @ 07:49 PM
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reply to post by xuenchen
 


Unfortunately this does not surprise me at all. What it does point out is obama cutting the deficit by half is BS, the debt was just moved to the 14 fiscal year.

Remember right now till the the end of January there is no debt limit - they can borrow as much as they want - this is the old it is better to ask for forgiveness than permission.



posted on Nov, 18 2013 @ 08:30 PM
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Nice, actually. If we can just find a way to keep that in the US and circulating by way of trade between the states. Maybe bring back some of the billions over seas as well.
edit on 18-11-2013 by Nephalim because: (no reason given)



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