389 years to pay off US Government Debt

[oceanz]

Brother can you spare a trillion? video:


http://governmentgonewild.org/

http://www.youtube.com/watch?v=VtVbUmcQSuk&feature=player_embedded

[Teakai]

How many people will be panting for the 'ptw' to bring in a new world currency?

[Rocky_Shorz]

notice how all the media news have suddenly been pounding on the walk away from debt mentality?

"Lesson on Responsibility"

in 100 years we racked up a 400 year loan...

Thanks Federal Reserve for all your help!!!

when you add the $3.5 Trillion in Interest onto our yearly National Budget...

it makes you really understand how tiny the $38 Billion is they just cut...

in California we have a hardship law, which means if debt is too much it can be frozen by the courts forcing them to accept affordable payments...


We can only afford $11 this year...

better make that a few thousand years for payoff...


We'll just wait for rising water from global warming to sink London's Bankers...

[phimonic]

when a loaf of bread is worth 10 mio.$ , then that debt won't be the problem ^^

[phimonic]

http://en.wikipedia.org/wiki/List_of_countries_by_external_debt - wtf are they doing in luxembourg? ^^
if you look per head debt - the fed can go on for a looooooong time ;)

[ponda]

So the governments would rather pay out billions and trillions in interest payments to privately owned banks that create the money out of thin air than create the money themselves and save the billions and trillions in interest payments.Does it get anymore ridiculous than this ? More proof that we live in a controlled matrix.

[Chicodoodoo]

How many people will be panting for the 'ptw' to bring in a new world currency?

Unfortunately, most of them. They don't understand the details, and they don't want to know. If it will provide a moment's relief, they'll take it. Never mind that the cure is causing the problem. I have many relatives and neighbors that think this way. The PTB know this is how most people will react, because it has always worked in the past.

Wouldn't the PTB be surprised if we could change that!

[Teakai]

Wouldn't the PTB be surprised if we could change that!

Wouldn't they just. The more people who wake up, the less will be calling for the new currency. I was heartened to see that 7 million people didn't fill in the census - that's definitely heartening.

:)

[Lost Soul]

It's all part of the plan to devalue the dollar through hyper-inflation. The middle class in America will be wiped out but what does the Fed Res care?

[Rocky_Shorz]

Sounds like Bretton Woods conference had some eye opening statements...


Soros Says Moral Hazard Looms; Volcker Says Banks Can Fail...

businessweek (http://www.businessweek.com/news/2011-04-11/soros-says-moral-hazard-looms-volcker-says-banks-can-fail.html)


April 11 (Bloomberg) -- Moral hazard in the financial system “looms larger than ever before,” even after the Dodd- Frank law gave U.S. federal agencies tools to regulate institutions that may be deemed too big to fail, said billionaire investor George Soros.

“The evidence is overwhelming that the first priority of the authorities is to prevent a market collapse, and everything else has to take second place,” Soros, chairman of Soros Fund Management LLC, said yesterday at a conference in Bretton Woods, New Hampshire.

Paul Volcker, former Federal Reserve Chairman, challenged the notion that large financial institutions wouldn’t be allowed to collapse, and asked Soros whether the extra yield on Goldman Sachs Group Inc. bonds relative to Treasuries would widen if the firm gave up its bank license.

“Probably currently it wouldn’t go up very much, but it would go up,” Soros said.

The Fed allowed investment banks Goldman Sachs and Morgan Stanley to convert to bank holding companies in September 2008. Dodd-Frank, the financial-regulation law enacted in July, gave the Federal Deposit Insurance Corp. authority to wind down complex firms after the bankruptcy of Lehman Brothers Holdings Inc. exacerbated the credit crisis and forced the U.S. to bail out companies including American International Group Inc.

“So you’re not 100 percent sure,” Volcker replied. “You want a tough administrator, you get Sheila Bair up here and she’ll tell you what will happen if you fail on her watch.”

‘Too-Big-to-Fail’

Federal Deposit Insurance Corporation Chairman Bair told bankers last month that while the Dodd-Frank law is not “perfect,” it will strengthen the sector by giving the agency tools to regulate “too-big-to-fail” institutions.

Goldman Sachs’ $1.5 billion of 5.15 percent notes due January 2014 traded at 107.21 cents on the dollar to yield 111.6 basis points more than similar-maturity Treasuries as of April 8, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. The securities fell to a low of 75 cents in October 2008...

[DevilPigeon]

-----

If we actually had governments that were there for the service of the people rather than the interests of corporations, then by rights they'd turn round to the banks and say "we ain't paying it!". What would be the worst that a handful of corrupt soulless suits could do??? Cry to their mums I'd suggest.

The problem is, that's never likely to happen... So if any cutting off of funds is going to happen it needs to be driven by us, the public. As far as the UK is concerned at least, that's made more difficult due to the fact that if you're employed then tax is taken out at source by the employer.

[oceanz]

Jim Sinclair 'The Budget Pie Illustrated': 33 billion is nothing more than crumbs

http://jsmineset.com/wp-content/uploads/2011/04/clip_image0025.jpg

[Rocky_Shorz]

America has a multi trillion dollar off the grid economy...

The more the bloodsuckers at the top take from the working public, the more people slide into the one they have no control over...

They think we are going to stand up to fight, but we're just walking away from the wheel...

don't think Bankers don't understand this, we would let Goldman sink in a minute if wall street allowed gas to suck the economy dry again like 08...

after being told We the People are going to let them sink, they took a stand...


SAN FRANCISCO (MarketWatch) — Goldman Sachs put out another of its seminal research notes Tuesday on crude prices, taking great lengths to explain why oil’s recent rally is not likely to last.

It was noticed. May crude futures fell more than $4 in New York at $105.47 a barrel Tuesday. On Monday, they briefly traded above $113. Read the latest action in crude futures...


After the infamous pump and dump of 2008, what’s different? For starters, Goldman acknowledges that crude inventories, especially here in the United States, are just too top-heavy to recreate the illusion that we’re headed for an acute shortage of the stuff. So after riding a 25% jump in crude futures since New Year, it’s calling a top to the current cycle. It’s time to sell, which the firm’s energy traders probably have done already.

But that’s not in the note. Rather, Goldman mentions the imminent dangers of demand erosion — what happens when oil prices get too high and people start cutting consumption, a phenomenon in the United States that apparently starts to take effect when gasoline hits $4 a gallon...

link (http://www.marketwatch.com/story/goldmans-bearish-call-on-crude-2011-04-12?link=MW_story_firsttake)

I paid $4.49 yesterday...

banks want us to be responsible?


recreate the illusion... That is all 2008 was...

I say we mount a mirror across from Wall Street...