PeakOil is You
Dead Government Walking
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Dead Government Walking
by deMolay » Sun 01 Nov 2009, 08:34:17
The dead load per capita is just as bad or worse in Canada. http://www.sprott.com/Docs/MarketsataGl ... 0_2009.pdf
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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deMolay - Intermediate Crude
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Re: Dead Government Walking
by jbrovont » Sun 01 Nov 2009, 11:00:05
Hmm... split 300 million ways, that's about $3.4 million each. So if I earn $8 an hour at McBurger and never take a vacation, I could pay that off in just over 200 years. Just as long as all the other debt zombies are as hard working, we'll be fine.
$this->bbcode_second_pass_quote('deMolay', 'T')he dead load per capita is just as bad or worse in Canada. http://www.sprott.com/Docs/MarketsataGl ... 0_2009.pdf
$this->bbcode_second_pass_quote('deMolay', 'T')he dead load per capita is just as bad or worse in Canada. http://www.sprott.com/Docs/MarketsataGl ... 0_2009.pdf
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Re: Dead Government Walking
by Daniel_Plainview » Sun 01 Nov 2009, 11:08:36
"Like dead men walking, the US government is merely biding its time until the moment of truth."
$this->bbcode_second_pass_quote('', '&')quot;We believe the US government’s current trajectory presents one of the greatest macro-economic risks at play today. The Federal Reserve and the US government have assumed the toxic financial trash that brought the banking system to its knees a year ago. By monetizing debt to support their budget deficit and ‘save the system’, both entities have chosen to walk a well worn path traveled by so many governments before them. Like dead men walking, the US government is merely biding its time until the moment of truth. Unlike Fannie Mae, General Motors or Citigroup, however, there is no one left to grant a reprieve."
$this->bbcode_second_pass_quote('', '&')quot;We believe the US government’s current trajectory presents one of the greatest macro-economic risks at play today. The Federal Reserve and the US government have assumed the toxic financial trash that brought the banking system to its knees a year ago. By monetizing debt to support their budget deficit and ‘save the system’, both entities have chosen to walk a well worn path traveled by so many governments before them. Like dead men walking, the US government is merely biding its time until the moment of truth. Unlike Fannie Mae, General Motors or Citigroup, however, there is no one left to grant a reprieve."
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Daniel_Plainview - Prognosticator
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Re: Dead Government Walking
by Prince » Sun 01 Nov 2009, 13:28:22
Excellent article. Quick read and makes a lot of good points in 5 pages.
My favorite part was this:
$this->bbcode_second_pass_quote('Article', 'T')he FDIC ‘fund’ merely consisted of IOU’s from the general revenues accounts. And now that the Deposit Insurance Fund balance as of September 30, 2009 is negative13 the FDIC wants the institutions to prepay their assessments for all of 2010, 2011 and 2012. In effect, the FDIC wants to borrow money from the banks it provides insurance for. Does this not strike you as surreal? Why would anyone have any confidence in anything the FDIC guarantees?
My favorite part was this:
$this->bbcode_second_pass_quote('Article', 'T')he FDIC ‘fund’ merely consisted of IOU’s from the general revenues accounts. And now that the Deposit Insurance Fund balance as of September 30, 2009 is negative13 the FDIC wants the institutions to prepay their assessments for all of 2010, 2011 and 2012. In effect, the FDIC wants to borrow money from the banks it provides insurance for. Does this not strike you as surreal? Why would anyone have any confidence in anything the FDIC guarantees?
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Prince - Lignite
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Re: Dead Government Walking
by deMolay » Sun 01 Nov 2009, 14:27:30
My question is at what point do they level with everyone and say "DEPRESSION" worst in history. Bigger than the TULIP CRASH, bigger than the South Sea Bubble. etc.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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deMolay - Intermediate Crude
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Re: Dead Government Walking
by Daniel_Plainview » Sun 01 Nov 2009, 15:00:29
$this->bbcode_second_pass_quote('deMolay', 'M')y question is at what point do they level with everyone and say "DEPRESSION" worst in history. Bigger than the TULIP CRASH, bigger than the South Sea Bubble. etc.
At what point? As soon as they've extracted the maximum amount of money from the working taxpayers and funneled the maximum amount of money to the banksters and crooksters.
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Daniel_Plainview - Prognosticator
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