Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: $16,OOO,OOO,OOO,OOOBAMA!

By: Decomposed in ROUND | Recommend this post (0)
Thu, 30 Aug 12 1:38 AM | 50 view(s)
Boardmark this board | De's Test Board 		Msg. 43660 of 45651
(This msg. is a reply to 43636 by capt_nemo)
Jump:
Jump to board:
Jump to msg. #

re: "in a word: $16,OOO,OOO,OOO,OOOBAMA!"

From WHOM comes the wealth that the government is overspending?

From us, of course. You, me, and everyone else we know. Most of us just don't know it. It's stealth theft.

One day, the debt will need to be repaid. No one wants to talk about how the government will manage that when, so far, it can't even bring itself to stop overspending.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


 - - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
$16,OOO,OOO,OOO,OOOBAMA!
By: capt_nemo in ROUND
Wed, 29 Aug 12 4:49 AM 		Msg. 43636 of 45651


November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!

The math?

Take today's $35 billion in 2 Year bonds.
Uploaded Image

and add this unsettled amount to the total debt...

Uploaded Image

.To get just over $16X1012 which means it took 286 days to go from $15 to $16 trillion: $3.5 billion in extra debt every day.

Alternatively take the above official Total Public Debt Outstanding, and add to this $76 billion in net new debt that will settle over the J-Hole weekend.

Uploaded Image

The result: $16.05 trillion, which is what the debt to the penny will officially show next week.

Of course this will be the total following the balance of this week's auctions. In the meantime, the US is now officially between that ceiling and a $16 trillion floor.

But wait. You aint's seen nothing yet. At this rate of growth, total US debt will surpass:

$17 trillion on June 10, 2013;
$18 trillion on March 23, 2014;
$19 trillion on January 3, 2015; and
$20 trillion on October 16, 2015

And on, and on, and on...

http://www.zerohedge.com/news/16oooooooooooobama?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next