Topic: Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt - page 2. (Read 1835 times)
November 29, 2014, 04:17:36 PM
Holy shit! Is this real and recent? We are so fucked! Good think I've been preparing for this kind of move! Next year guys we're going to have a crash, count on it!
November 29, 2014, 04:07:04 PM
Bullish as fuck! 
BTC feeding on insanity. But first, time to wipe out the enemies of the Republic... then the downsizing of the USMIC and restoring of sound money and others peaceful activities is possible. A clear leap of faith in the claws of the Empire, but is there really another realistic efficient answer others than the Constitution and Bill of rights of the United States of America to reach the moon and beyond? Peace with the Empire, aka PAX AMERICANA or war with the EMPIRE, and welcome to the realities of the Darkest side. It would be sad to lose the diversity of the opponents as once they are peaceful they are quite fun. So any dream of independence or autonomy conceived as a risk to the PAX AMERICANA or the values embedded in it's constitution and bills of rights, materialized by the flag of it, will clearly not contribute to a better - peacefuller - harmoniouser - lovinger world but would contribute to the generation of innumerable battlefields. PEACE HAS A COST. The Empire knows it and is ready to engage you in all battlefields, and to lose some battles to win the war. AT ALL COST.
WE THE PEOPLE (AND AIs
)... 
November 29, 2014, 02:56:32 PM
Quote
The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.
During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.
...
The only way the Treasury could handle the $942,103,000,000 in old debt that matured during the period plus finance the new deficit spending the government engaged in was to roll over the old debt into new debt and issue enough additional new debt to cover the new deficit spending.
This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme," says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission.
“With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”
During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.
...
The only way the Treasury could handle the $942,103,000,000 in old debt that matured during the period plus finance the new deficit spending the government engaged in was to roll over the old debt into new debt and issue enough additional new debt to cover the new deficit spending.
This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme," says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission.
“With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”
Quote
$17,937,160,000,000.
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.
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.
Video of Treasury Sec Lew telling Congress of why they have to constantly issue new debt and more of the insane monetary numbers...http://cnsnews.com/mrctv-blog/terence-p-jeffrey/ponzi-treasury-issues-1t-new-debt-8-weeks-pay-old-debt
Bullish as fuck!
Jump to: