PONZI: Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14

You have the GOD given right to cause actions...You do not have a GOD given right to escape the consequences of your actions.

Sorry.

Your worship of ignorance as the path to salvation or bliss is reaching the logical conclusion of the reasonable assumption.

There is no way the people that actually work for a living to support all of you that imagine you work for a living is going to last much longer...sorry.

The principal portion of the debt is created out of thin air by the banks and lent out and inflates the total credit supply and returns back into thin air when it is paid back which causes the total credit or money supply to deflate back into thin air.

The attached interest portion of the debt is the tax or rent paid to the bank on the credit or debt they create out of thin air to supply the demand of the borrower.

The top or owners of the money/credit/debt supply rent it to all below and the cost to pay the rent or taxes due is hidden in the prices of everything.

This is how commercial banking has worked for centuries...the entire history of the USA and world was financed for its entire existence this way.

But the USA ran out of resources to supply the demand for positive power or inflation by the magic printing press in 2008...and It along with the 1944 Bretton woods global trade system has been collapsing or cannibalizing itself since then to now.

"Is it possible to make too much money? “Is it possible to have too much ambition? Is it possible to be too successful?” Blankfein shoots back. “I don’t want people in this firm to think that they have accomplished as much for themselves as they can and go on vacation. As the guardian of the interests of the shareholders and, by the way, for the purposes of society, I’d like them to continue to do what they are doing. I don’t want to put a cap on their ambition. It’s hard for me to argue for a cap on their compensation.”

So, it’s business as usual, then, regardless of whether it makes most people howl at the moon with rage? Goldman Sachs, this pillar of the free market, breeder of super-citizens, object of envy and awe will go on raking it in, getting richer than God? An impish grin spreads across Blankfein’s face. Call him a fat cat who mocks the public. Call him wicked. Call him what you will. He is, he says, just a banker “doing God’s work”"

"In a discussion about morality and markets at St. Paul’s Cathedral in London, Goldman Sachs international vice chairman Brian Griffiths, a former adviser to Margaret Thatcher, described giant paychecks for bankers as an economic necessity. “We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” he said."

http://blogs.wsj.com/marketbeat/2009...ing-gods-work/

"For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still."--JOHN MAYNARD KEYNES (1930)

"Lies and delusions or lies you tell to yourself can outlive liars and the delusional."--Hypertiger

"Absolute capitalists employ Absolute self indulgent reason to solve the problem of existence within the Universe. So do animals and lightning bolts since it is the path of least resistance."--Hypertiger

"(Absolute) Capitalism is the astounding belief (delusion) that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."--JOHN MAYNARD KEYNES


"I have completed to-day a very great thing. I have finished the National Bank Act. It will be a blessing to the country long after I am dead."--Salmon P. Chase, Lincoln's Secretary of the Treasury

"My agency, in promoting the passage of the National Bank Act, was the greatest mistake in my life. It has built up a monopoly which affects every interest in the country. It should be repealed, but before that can be accomplished, the people should be arrayed on one side, and the banks on the other, in a contest such as we have never seen before in this country."--Salmon P. Chase

The Chase in Chase Manhattan bank...Also the face on the 10,000$ banknote...The largest circulating US dollar banknote ever issued.

The National bank act...basically forced national banks to buy US Treasuries in order to back the "Greenbacks" issued by the US treasury...to this day

http://en.wikipedia.org/wiki/National_Bank_Act

http://en.wikipedia.org/wiki/Primary_dealer

"Primary dealers purchase the vast majority of the U.S. Treasury securities (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public. Their activities extend well beyond the Treasury market. For example, according to the Wall Street Journal Europe (2/9/06 p. 20), all of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Arguably, this group's members are the most influential and powerful non-governmental institutions in global financial markets.'

The primary dealers use their interest profits from mortgage and loan originations to Buy the Treauries issued by the US Treasury.

In 2005...the primary engine of inflation within the US economy...New home construction...collapsed...from 1991 to 2005 the new home construction in the USA inflated exponentially on average by 11% per year...then ended...leading to the yield starvation that became visible in 2008 with the controlled demolition of Lehman brothers and the installation of President Obama.

Since 2008...the profits or yield from the US economy and world to the primary dealers has been zero...or negative...That is the purpose of the QE...the FED was created to be the bank of the banks in 1913 and given the banknote issuing monopoly...and has been lending the primary dealers a fake 1...where the real zero is appearing since 2009 to sustain the global banking algorithm.

or the bonds would not be bought...yield rates would skyrocket and the US economy along with the 1944 Global Bretton woods system inflated into what it is right this nanosecond would hyperdflate to oblivion.

The primary dealers can be traced to the buttonwood agreement outside the Tontine coffee house under a buttonwood tree in New York.

http://en.wikipedia.org/wiki/Tontine

http://en.wikipedia.org/wiki/Tontine_Coffee_House

http://en.wikipedia.org/wiki/Five_Points,_Manhattan interesting similarity.

http://en.wikipedia.org/wiki/Buttonwood_Agreement

http://en.wikipedia.org/wiki/Bank_of_New_York

which created the NYSE and the first stocks traded were shares in the Alexander Hamilton's bank of New York...and the first securities traded were US Treasuries composed of the consolidated debt of the 13 colonies from the revolutionary war...issued by Alexander Hamilton as the 1st treasury secretary appointed by George Washington...on Sept 11, 1789...Using the powers granted to George Washington...By the US Constitution...by "We the people"

One of those people being Alexander Hamilton...the only signer of the 1789 constitution of the USA from New York that Alexander Hamilton helped to craft as one of "We the people"

Who is buried on Wall Street.

http://en.wikipedia.org/wiki/File:Al...lton_Grave.JPG --Hamilton's tomb in the graveyard of Trinity Church at Wall Street and Broadway in Lower Manhattan

"'The spectacle of men fighting for work...'My God! This is terrible! Battling for the privilege of working all day for enough to eat--and the next day go at it again; and so on until the earth rattles on their pine boxes. Cannot the good God do something to relieve his wretched children? Or is this thing to go on forever?
Why not give some good-hearted, honest man supreme power for four years, and let him improve God's world or blow it up. He could not make it much worse than it is, for the great mass of mankind. A judicious hanging bee in Wall Street would be a good measure with which to begin the reformation."
-- I.D. [Ignatius Donnelly] in The Representative, 29 August 1894

http://projects.vassar.edu/1896/depression.html

"Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the POWER to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits."--SIR JOSIAH STAMP, (President of the Bank of England in the 1920's, the second richest man in Britain)

Hypertigeroloquaciosis perstans - the irresistable urge to spam internet forum threads with repetitive technobabble and idiomatic verbal ejaculations, generally associated with subtherapeutic serum lithium levels.

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Originally Posted by Neuro

Interesting, they didn't go to work, but they got payed anyway? I am sure they will 'work' even harder now for another debt ceiling public holiday...

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They were considered essential workers...

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Originally Posted by mamboni

Hypertigeroloquaciosis perstans - the irresistable urge to spam internet forum threads with repetitive technobabble and idiomatic verbal ejaculations, generally associated with subtherapeutic serum lithium levels.

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Opinion is based on a French word...the antonym or opposite of which is "FACT".

Meaning....everyone is entitled to their fictions...or lies.

"The essential claim of sophistry is that the actual logical validity of an argument is irrelevant (if not non-existent); it is only the ruling of the audience which ultimately determines whether a conclusion is considered "true" or not. By appealing to the prejudices and emotions of the judges, one can garner favorable treatment for one's side of the argument and cause a factually false position to be ruled true."--Sophistry A.K.A Democracy or Truth by Popular delusion/consensus

"We must win the war of democracy"--Vladimir Lenin

"A lie told often enough becomes the truth."--Vladimir Lenin

“If you tell a big enough lie and tell it frequently enough, it will be believed.”--Adolph Hitler.

"A lie is designed to masquerade as Truth and since Truth is infinite and indestructible and never changes must mimic Truth by Not changing."--Hypertiger

Measure twice...lie once.

Welcome to the real world COMRADE.

Grow some legs to stand on...and from what I recall...You were poisoned and killed by a "treacherous bitch" in Kill Bill.