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At what point are the US flat broke ?


ToonTastic
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Guest ObiChrisKenobi

Hopefully it gans tits up before I go on Holiday so I get a decent exchange rate. Then it can boom 2 weeks later when I exchange back from $$$ to £££... well, if I were selfish that's what I'd hope for.

 

It'll be interesting to see what happens to the rest world if that 'bubble' pops.

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14.7 trillion dollars seems pretty damn close, how can they continue the route they are going ?

 

Seem to just continue printing money. They're just printing debt actually.

 

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The thing I don't get is they owe 14.7 trillion, but is this debt really accountable for? Who is it owed to for example? Just seems to be an ever growing figure which no one is able to keep track of.

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Guest ObiChrisKenobi

Probably accountable to the Chinese or someone like that. We're all knacked when they call it back in.  :lol:

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"In March, Pimco (which manages the world’s largest mutual fund) calculated that 70 percent of U.S. Treasury debt is being bought by the Federal Reserve.

 

So under the 2011 budget, every hour of every day, the United States government spends $188 million it doesn’t have, $130 million of which is “borrowed” from itself. There’s nobody else out there."

 

 

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Guest ObiChrisKenobi

"In March, Pimco (which manages the world’s largest mutual fund) calculated that 70 percent of U.S. Treasury debt is being bought by the Federal Reserve.

 

So under the 2011 budget, every hour of every day, the United States government spends $188 million it doesn’t have, $130 million of which is “borrowed” from itself. There’s nobody else out there."

 

 

 

Man, the $ really will crash any day now. PARKY WAS RIGHT!  :frantic:

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Just print more money. :bluestar:

 

[/trollphysics]

 

Would you like to be the head of the Federal Reserve?

 

I'm just waiting for the moment I get to wear my Mad Max gear and kill for gasoline. Do that for a year and then maybe move to Finland with my suitcases of polished skulls.

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  • 5 months later...

"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is mad to create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

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"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is made create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

 

Jesus isnt fictional though. :pow:

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Just print more money. :bluestar:

 

[/trollphysics]

 

http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_%24100_trillion_2009_Obverse.jpg

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"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is made create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

 

Jesus isnt fictional though. :pow:

 

David Blaine of his time, that sentence was atrocious btw.

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"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is made create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

 

Jesus isnt fictional though. :pow:

 

 

hes a bad example- he was hammered with tax  (tacks)

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"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is made create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

 

Jesus isnt fictional though. :pow:

 

 

hes a bad example- he was hammered with tax  (tacks)

 

:lol: A Pun ISN'T good if you have to put the intended meaning in brackets after the pun itself man ffs

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"If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout."

 

Mad to think of it like that although obvious on reflection.

 

Certainly is made create a timescale since a fictional character was born.

 

I wonder how much a day it has been since Bart Simpson.

 

Jesus isnt fictional though. :pow:

 

 

hes a bad example- he was hammered with tax  (tacks)

 

:lol: A Pun ISN'T good if you have to put the intended meaning in brackets after the pun itself man ffs

 

:lol:

 

 

 

:okay:

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