Posted on 09/01/2011 9:01:59 PM PDT by blam
“At some point, the Fed will run out of ink and the market will set the rates.”
Yep. This is a possibility but I’m betting against it, not because of the Obama administration, but I don’t believe it will happen before Obama leaves.
Even with his topped out spending I don’t see him spending more than about another 3 billion pushing the overall debt to around 17 and a half billion by the time he’s gone.
That would be 120 percent of GDP, which is atrociously bad, but not at default levels.
The projected shortfalls of the entitlements Ive heard is all over the ball park. A low figure was $100 trillion. Just the GSE's Fannie and Freddie are alleged to be in the $65 trillion area. All the money that exists in the world is about $65 trillion right now. It is depressing to the max to ponder what lies in front of my daughter to try to pay. I can foresee a life riding a moped and living in a tar paper shack. Liberals hate America so much they won't stop until we live the same as someone in Viet Nam.
America still believes the myth that we are "special" and can accomplish anything. I have felt that way all my life, but now about half the population is now certifiably mentally ill. Proof of that is what lives in the White House. If I knew better than to vote for him, how did he get elected?
If you elect an enemy of the State as president, why would you act surprised when he destroys the country? Mental illness.
An excellent tag line. I like it.
Where else is there?
That’s the question I asked. There is simply no where else to go. You know it, I know it. America is all that there is.
I did some figuring and I believe that worldwide, we can absorb about another 20 trillion in debt. That’s it. After that there are no more musical chairs and the game stops.
20 trillion between the US, and all of the EU. If the US runs a 10 percent deficit, and the EU runs a 10 percent deficit, that will generate debt every year at about 3 trillion a year. That would give the world about 7 years before ‘peak debt’ is all spent. 7 years.
Even with growth in the worldwide economy, the debt spending simply cannot go on. But things are not yet over.
If the Fed deliberately harms the nation's currency, is it not treasonous? They called Perry crazy. What will they say about this GS analyst? He crazy too?
Got NVG?
B-)
Ya can’t eat gold, so buy bullets!
Er, wait a minute....
;o)
Hold on to your butts! :)
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