Posted on 11/28/2014 5:30:08 PM PST by xzins
So, if I start an investment business that lies to its customers about the solvency of the business and the value of its assets, then that is just fine and dandy.
I’m pretty sure this is routine. $1T is not what it used to be.
The Feds can always print more money.
Us lesser mortals have to live within a budget.
$1,040,965,000,000??
soon....lass or laddie...... weel be talkin some RIIIIIIL Mooney!
Simply state on the bonds that they are backed by the full faith and credit of xzins. No longer a Ponzi scheme.
I’d like to think those running the Treasury know that “can I pay my Visa with my American Express?” is a joke, not earnest advice.
You don’t pay your Visa with your MasterCard? I thought everyone did that.
The Bank of X.
Deposits being accepted.
Go to: www.givemeyourcash.com
>> You don’t pay your Visa with your MasterCard? I thought everyone did that.
Naw, I pay my Visa with *your* MasterCard. :-)
And when the music stops, I hope that we all have a chair!
I have a feeling the last guy left standing is going to take it in the shorts.
Remind me not to go to your website. :>)
The easy solution is simply to mint a hundred or so $1T coins and put them in Al Gore’s lock box and then write an equity loan against them.
Problem Solved!
How many more years can the US government do this without causing major dislocations to us peasants?
This goes against my beliefs. I'd never run a government like this. Not Ever!
>> Remind me not to go to your website.
OK: Don’t go to my website http://www.haxOr.com.
By the way — and my bad, I should’ve emailed you a few weeks ago — could you please call your bank and get the limit on your MC raised? Thx. :-)
They said ten dollars and 33 cents was all I was good for. Sorry.
It’s like using credit card A to pay off credit card B, and B to pay off A. What could go wrong?
That’s going to put a major dent in my high-flying lifestyle.
Of this, $5,080,104,000,000 was what the Treasury calls “intragovernmental” debt, which is money the Treasury has borrowed and spent out of trust funds theoretically set aside for other purposes—such as the Social Security Trust Fund.
The remaining $12,857,056,000,000 was “debt held by the public.” This part of the debt included $517,029,000,000 “nonmarketable” Treasury securities (such as savings bonds) and $12,340,028,000,000 in “marketable” Treasury securities, including bills, notes, bonds and Treasuring Inflation-Protected Securities.
But only $1,547,073,000,000 of the $12,857,056,000,000 in marketable debt was in long-term Treasury bonds that mature in 30 years. These bonds carried an average interest rate of 4.919 percent as of the end of October, according to the Treasury.
The largest share of the marketable debt—$8,192,466,000,000—was in notes that mature in 2,3,5,7 or 10 years, and which haf an average interest rate of 1.807 percent as of the end of October.
Another $1,412,388,000,000 of the marketable debt was in Treasury bills, which carry “maturities ranging from a few days to 52 weeks,” says the Treasury. These $1.4 trillion in short-term Treasury bills had an average interest rate of 0.056 percent as of the end of October, according to the Treasury.
The continual rolling over of these short-term, low-interest bills helped drive over the $1-trillion mark the new debt the Treasury had to issue in the first eight weeks of this fiscal year.
The Treasury has taken out what amounts to an adjustable-rate mortgage on our ever-growing national debt.
Everything is under control. Nothing to worry about folks. Move along.
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