Topic: Total US Debt Rises Over $18 Trillion
Sojourning_Soul's photo
Tue 12/02/14 10:35 AM

Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.

http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion

metalwing's photo
Tue 12/02/14 01:19 PM

Conrad_73's photo
Tue 12/02/14 02:16 PM
Edited by Conrad_73 on Tue 12/02/14 02:24 PM
http://mises.org/blog/bail-ins-go-global

Bail-Ins Go Global



December 2, 2014Mark Thornton

Tags Big GovernmentBooms and BustsFinancial MarketsMoney and BanksBusiness CyclesMoney and Banking

At the recent G-20 meetings the leaders of the world's largest economies voted to approve a plan that will put depositor's funds front and center to bail out banks during the next crisis. The Financial Stability Board drew up a resolution along the lines of Cyprus's bail-in approach that uses depositor's money to bail-out banks. Its called the "Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks." It is basically an admission that the onerous Dodd-Frank regulations are entirely inadequate. It potentially threatens your bank deposits and even pension funds.

Ellen Brown explains:

“Bail in” has been sold as avoiding future government bailouts and eliminating too big to fail (TBTF). But it actually institutionalizes TBTF, since the big banks are kept in business by expropriating the funds of their creditors.

It is a neat solution for bankers and politicians, who don’t want to have to deal with another messy banking crisis and are happy to see it disposed of by statute. But a bail-in could have worse consequences than a bailout for the public. If your taxes go up, you will probably still be able to pay the bills. If your bank account or pension gets wiped out, you could wind up in the street or sharing food with your pets.

In theory, US deposits under $250,000 are protected by federal deposit insurance; but deposit insurance funds in both the US and Europe are woefully underfunded, particularly when derivative claims are factored in.




The Cypriots can tell a Tale of Woe about that!

Probably why the super-Rich are hoarding Cash!


http://www.cnbc.com/id/102198213

Rich hoard cash as their wealth reaches record high
Matt Clinch | @mattclinch81
Wednesday, 19 Nov 2014 | 5:18 AM ET


davidben1's photo
Tue 12/02/14 06:28 PM
huh...

shocked

is that why the Walton's built that really really really big underground bunker mansion...

is that why their buying their own Dartx Motorz Prombron's...

is that why zuckerburg and all the fat wallets are buying their own islands...

OMG!

slaphead

smiles.




InvictusV's photo
Tue 12/02/14 06:47 PM

huh...

shocked

is that why the Walton's built that really really really big underground bunker mansion...

is that why their buying their own Dartx Motorz Prombron's...

is that why zuckerburg and all the fat wallets are buying their own islands...

OMG!

slaphead

smiles.






Bunkers... Islands..

There is no escape..

davidben1's photo
Tue 12/02/14 06:50 PM
just 1.

InvictusV's photo
Tue 12/02/14 06:54 PM
They have sharks with frickin lasers attached to their heads?

davidben1's photo
Tue 12/02/14 06:58 PM
let all have what they choose.

nothing will 0 the unhaters.

InvictusV's photo
Tue 12/02/14 07:08 PM

let all have what they choose.

nothing will 0 the unhaters.


0 the unhaters...

Is that some sort of secret society language? Did you register on that illuminati site?

davidben1's photo
Tue 12/02/14 07:14 PM
YES!

it's a code!

hehehe...

but only that which is gullible and naive act upon all it see and hear.

can't 0 a 0.

InvictusV's photo
Tue 12/02/14 07:15 PM

YES!

it's a code!
Just
hehehe...

but only that which is gullible and naive act upon all it see and hear.

can't 0 a 0.


The haters are going to hate the hated and the 0 will be become a -666.. can't be stopped even with a taser implant..

InvictusV's photo
Tue 12/02/14 07:20 PM
Edited by InvictusV on Tue 12/02/14 07:21 PM
Poof

davidben1's photo
Tue 12/02/14 07:39 PM
Edited by davidben1 on Tue 12/02/14 07:48 PM
that's one way of lookin at things...

it's like...

earths one big inter connected brain...

in a hyperbolic chamber...

the oxygen deprived brains are hoarding up as many resources as possible, thinking the course of mother earth shall stay the same.

when it will not.

but they don't know that.

so those that think they can tell what is true, will not know and their brains will starve to death for lack of oxygen, gone completely mad, and those who know they don't know what is true, will get more air to their brain, being able to sea all, in advance, allowing evolution to propel them freely and unencumbered, versus the self preservation force motives of the dying oxygen deprived brains.

0...begats...0

if the Illuminati were real, they would want the codes i am talking about bigsmile...

smiles

oh, and sorry for gettin off topic.

InvictusV's photo
Tue 12/02/14 08:21 PM

that's one way of lookin at things...

it's like...

earths one big inter connected brain...

in a hyperbolic chamber...

the oxygen deprived brains are hoarding up as many resources as possible, thinking the course of mother earth shall stay the same.

when it will not.

but they don't know that.

so those that think they can tell what is true, will not know and their brains will starve to death for lack of oxygen, gone completely mad, and those who know they don't know what is true, will get more air to their brain, being able to sea all, in advance, allowing evolution to propel them freely and unencumbered, versus the self preservation force motives of the dying oxygen deprived brains.

0...begats...0

if the Illuminati were real, they would want the codes i am talking about bigsmile...

smiles

oh, and sorry for gettin off topic.



yes the massive debt is a problem.. fake secret societies are only a problem for the paranoid..

davidben1's photo
Tue 12/02/14 08:36 PM


that's one way of lookin at things...

it's like...

earths one big inter connected brain...

in a hyperbolic chamber...

the oxygen deprived brains are hoarding up as many resources as possible, thinking the course of mother earth shall stay the same.

when it will not.

but they don't know that.

so those that think they can tell what is true, will not know and their brains will starve to death for lack of oxygen, gone completely mad, and those who know they don't know what is true, will get more air to their brain, being able to sea all, in advance, allowing evolution to propel them freely and unencumbered, versus the self preservation force motives of the dying oxygen deprived brains.

0...begats...0

if the Illuminati were real, they would want the codes i am talking about bigsmile...

smiles

oh, and sorry for gettin off topic.



yes the massive debt is a problem.. fake secret societies are only a problem for the paranoid..


a problem...

hehehe...

yeppers...

all those damn paranoid brains using their every breath to prove what does or does not exist...

like, who gives a fuccck is what i wonder...

why does it matter...

it's a sheer paranoid pandemonium phenomenon...

like it makes one bit of difference to the average life...

hehehe...

guess small brains just don't have much else to do...

i think it's truly only a phenomenon because people are bored stiff with the world.

smiles