[shortonoil]

$this->bbcode_second_pass_quote('', 'W')e have given up even mentioning debt on the national stage. Along with peak oil its the monster in the basement. Just don't open the door.

[asg70]

$this->bbcode_second_pass_quote('creedoninmo', 'T')he world is still producing gasoline at greater and greater debt. The amount of debt is unknown because the fed doesn't release M3 data.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', 'T')he amount of ignorance about what the Fed and Treasury actually does in this country is astounding.

[shortonoil]

$this->bbcode_second_pass_quote('', 'I')f the debt is unknown then why do you think it's there in the first place?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('shortonoil', '')$this->bbcode_second_pass_quote('', 'W')e have given up even mentioning debt on the national stage. Along with peak oil its the monster in the basement. Just don't open the door.

[KaiserJeep]

OS, the debt is cumulative, and already too large for comfort. It may be $20T or more/less, probably more, when you count 2017-2020 funds already committed.

Generally speaking, the bigger the debt, the lower the value of the dollar. I don't want to get into a discussion of currency inflation because we beat that topic to death in prior threads, and it is yet another issue lost in partisan divide. Let me just say (being retired and on fixed income) I'd rather see the dollar deflating and interest rates up. Because the other side of that coin isn't working in spite of the heartfelt Urban and Lefty political beliefs. The government is not your Nanny, it needs to be run as a business, the debt needs to be paid down, and these things are more important than anything on the social issue side, in fact more important than everything except national defense.

[creedoninmo]

If the FED is selling treasuries, who is buying. It seems to me that I heard internet chatter recently that was saying the demand for treasuries was slacking. I can't imagine the Saudis are buying tons of treasuries these days. The thing I have noticed in recent times is that as they print more debt the yield on the treasuries falls, This is opposite to what one would think was logical, that as debt goes up it would get more expensive. Apparently, volume causes the yield to drop. I would like to see a break down of who in the world holds treasury debt.

[creedoninmo]

Kaiserjeep said: " the government is not your Nanny, it needs to be run as a business, the debt needs to be paid down." you've got to be kidding. I hate to be the one cluing you in, but if the government was run properly we would be returning to 19th century technology.

[efarmer]

Finally I think I know the answer for one of these threads. Facebook is replacing gasoline via Internet bandwidth like crazy. You look on your Facebook, Irene and Tom had steak at the chain joint for $40 bucks and got the squirts. Jimmy scored a taco deal and said they were fine until he had the night sweats and he said he laid off heavy metal music and can only stand to listen to Disco from the 70's and is searching for Bee Gee's stuff on vinyl. Aunt Loretta said she got a high colonic in Florida for $700 and watched 50 years of fast food shoot out and the dumpster blew up behind the clinic the next day from a methane blast. Cousin Joe said he was eating a monster 1/2 pound grillerburger from Bellyblaster and he chomped into scrubbing plastic beads from an exfoliating detergent factory by the feed lot in Kansas. Walt and Emma said they just celebrated their 40th wedding anniversay and that they have been sick of each other for 38 years, they have had a funeral plan for 10 years, but threaten to toast each other depending on who kicks first. So people read the Facebook thing and they decide to cook at home.
Young Jimmy says he found three packs of Ramen noodles and 2 cans of black beans, Jill comes out with four cans of mostly full spray cheese, and 3 cans of Vienna Sausages with one bloated to discard from the cupboard. It all gets mixed together, and they jump on Facebook and say Mama cooked us a meal from scratch last night and it was delish. Jimmy farts through another day driving the airport shuttle and 7 airline passenger post to Facebook they have never gotten airsick on the shuttle bus versus the bird itself before now.

Finally, Jimmy gets well and posts on Facebook that he will never eat the chain food stuff in the strip malls again, and says Mama is the greatest cook on the planet, Old Walt says the same, home cooking has stopped his issue with lockjaw from fast food. Home cooking is the deal. Immediately 400 people start seeing if you can get home cooking on Amazon, and where the deals are.

Facebook then runs click bait about a guy who bought a house and found bottle canning stuff from the 1960's that was still edible, he says his penis is getting with it again and his wife is insatiable, and it is all because the stuff was put up before The Apollo Moon Shot wrecked all the home canned stuff on the planet by shooting up though the Van Allen Belts, plus all the stuff they don't talk about.

Next, a Millenial guy says that the entire system is rigged, it is all about getting him out of Mom's basement, and out in the austere and uncaring world. He laments that one of the finest gamer's on the planet is being marched out to get his hands into biological waste in some B.S. place to feed people crap versus the brand name corn chips he lives on in conjunction with high end mineral water.

When Facebook life is so cool and ideal, why would any sane person choose to grovel in the real world?
My point? If you don't think you are in the real world anymore, which one are you in?

[shortonoil]

$this->bbcode_second_pass_quote('', 'W')hen Facebook life is so cool and ideal, why would any sane person choose to grovel in the real world?
My point? If you don't think you are in the real world anymore, which one are you in?

[marmico]

$this->bbcode_second_pass_quote('', 'I') would like to see a break down of who in the world holds treasury debt.

[creedoninmo]

Thanks for the chart Marmico: a further internet search shows that the FED has been talking about selling off treasuries for several years. I think it is just talk.

[shortonoil]

$this->bbcode_second_pass_quote('', 'D')EFINITION of 'Treasury International Capital - TIC'
"Select groups of capital which are monitored with regards to their international movement. Treasury international capital is used as an economic indicator that tracks the flow of Treasury and agency securities, as well as corporate bonds and equities, into and out of the United States. TIC data is important to investors, especially with the increasing amount of foreign participation in the U.S. financial markets."

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')he FED is an unaudited private corporation owned by elite stockholders.

[marmico]

$this->bbcode_second_pass_quote('', ' ')the FED has been talking about selling off treasuries for several years.

[marmico]

$this->bbcode_second_pass_quote('', ' ')As with all FEDETP data it should be taken lightly at best.

[creedoninmo]

I don't know that there has ever been a world where there could be infinite debt stored as fiat money on computers. To some extent that does invalidate debt, but nothing lasts forever. Oil is not infinite and stored on computers and oil and currency are tied together. They will end together. The oil age is just ending differently than we would have thought.

[shortonoil]

$this->bbcode_second_pass_quote('', 'G')ood God, nothing could be further from the truth.