A Space & astronomy forum. SpaceBanter.com

Go Back   Home » SpaceBanter.com forum » Others » Misc
Site Map Home Authors List Search Today's Posts Mark Forums Read Web Partners

$7 trillion and rising ??? ...



 
 
Thread Tools Display Modes
  #1  
Old November 26th 08, 03:48 AM posted to alt.astronomy
Raving[_1_]
external usenet poster
 
Posts: 480
Default $7 trillion and rising ??? ...

The Federal Reserve and the Treasury announced $800 billion in new
lending programs on Tuesday, sending a message that they will print as
much money as needed to revive the crippled banking system.

The two new efforts — one mainly to finance loans for consumers, and
an even bigger one to push down home mortgage rates — marked the
latest but hardly the last of the federal government’s efforts to
shoulder the losses that began with subprime mortgages and have spread
throughout the economy.

All told, the government has assumed at least $7 trillion in direct
and indirect financial obligations in the form of Wall Street
bailouts, emergency lending and government guarantees on bank
deposits, inter-bank loans and home mortgages. ...

http://www.nytimes.com/2008/11/26/us...26paulson.html

----------------------------------------------------

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65

The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.

The National Debt has continued to increase an average of
$3.89 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!

http://www.brillig.com/debt_clock/

-------------------------------------------------------------------------------

From $700 billion to $7 trillion in a blink of an eye.

... Look who is doing creative accounting now!

Hmm, something doesn't add up.
  #2  
Old November 26th 08, 09:29 AM posted to alt.astronomy
greysky
external usenet poster
 
Posts: 194
Default $7 trillion and rising ??? ...


"Raving" wrote in message
...
The Federal Reserve and the Treasury announced $800 billion in new
lending programs on Tuesday, sending a message that they will print as
much money as needed to revive the crippled banking system.

The two new efforts — one mainly to finance loans for consumers, and
an even bigger one to push down home mortgage rates — marked the
latest but hardly the last of the federal government’s efforts to
shoulder the losses that began with subprime mortgages and have spread
throughout the economy.

All told, the government has assumed at least $7 trillion in direct
and indirect financial obligations in the form of Wall Street
bailouts, emergency lending and government guarantees on bank
deposits, inter-bank loans and home mortgages. ...

http://www.nytimes.com/2008/11/26/us...26paulson.html

----------------------------------------------------

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65

The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.

The National Debt has continued to increase an average of
$3.89 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!

http://www.brillig.com/debt_clock/

-------------------------------------------------------------------------------

From $700 billion to $7 trillion in a blink of an eye.

... Look who is doing creative accounting now!

Hmm, something doesn't add up.
__________________________________________________ __________________________________
The government is in a pure panic mode. They need to find a way to stop the
credit implosion that could result in the elimination of 800 trillion to 1
quintillion dollars in fiat currency. Looked at in this way, 7 trillion is
not so much. It is my view that they are only putting off the reckoning day
for their bad decisions and moral corruption probably for only a year of two
because thay don't understand the nature or magnitude of the current crises.
The world economy will not be able to withstand the intense hyperinflation
that this is going to cause as this fiat infusion percolates through the
economy once the banks begin to release all the greenbacks they are
currently hoarding. Can the USA withstand a real time inflation rate of
1,000 % ? Not for long... Make no mistake, we are currently in the first
stages of a Depression that will make 1929 pale in comparison. In the end
paper money will be totally worthless trash - you wont even be able to burn
it because of all the chemicals that are in it.

Greysky


  #3  
Old November 26th 08, 03:52 PM posted to alt.astronomy
G=EMC^2 Glazier[_1_]
external usenet poster
 
Posts: 10,860
Default $7 trillion and rising ??? ...

Greysky Best to keep the republican election cry No new taxes. Which
in reality means Lets not pay up now. Which means let the next
generation get the bill. The republican Mafia has buried America and
its democratic government of the people. 85% of the people poled are
against bailout,and they got a one finger solute. Florida has been a
fascist state for 12 years. Washington has turned USA into a fascist
state. Sad but think about it and you will have to realize this is
reality TreBert

  #4  
Old November 26th 08, 07:11 PM posted to alt.astronomy
G=EMC^2 Glazier[_1_]
external usenet poster
 
Posts: 10,860
Default $7 trillion and rising ??? ...

TEST

  #5  
Old November 26th 08, 09:52 PM posted to alt.astronomy
Saul Levy Saul Levy is offline
Banned
 
First recorded activity by SpaceBanter: Jul 2006
Posts: 21,291
Default $7 trillion and rising ??? ...

It won't work. Those MORONS have NO IDEA how to save anything but
their ASSES!

The Weimar Republic all over again, Raving! lmfjao!

Wait until we spend $1000 for a loaf of BREAD!

Saul Levy


On Tue, 25 Nov 2008 18:48:22 -0800 (PST), Raving
wrote:

The Federal Reserve and the Treasury announced $800 billion in new
lending programs on Tuesday, sending a message that they will print as
much money as needed to revive the crippled banking system.

The two new efforts — one mainly to finance loans for consumers, and
an even bigger one to push down home mortgage rates — marked the
latest but hardly the last of the federal government’s efforts to
shoulder the losses that began with subprime mortgages and have spread
throughout the economy.

All told, the government has assumed at least $7 trillion in direct
and indirect financial obligations in the form of Wall Street
bailouts, emergency lending and government guarantees on bank
deposits, inter-bank loans and home mortgages. ...

http://www.nytimes.com/2008/11/26/us...26paulson.html

----------------------------------------------------

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65

The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.

The National Debt has continued to increase an average of
$3.89 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!

http://www.brillig.com/debt_clock/

-------------------------------------------------------------------------------

From $700 billion to $7 trillion in a blink of an eye.

... Look who is doing creative accounting now!

Hmm, something doesn't add up.


  #6  
Old November 26th 08, 10:47 PM posted to alt.astronomy
Double-A[_2_]
external usenet poster
 
Posts: 1,720
Default $7 trillion and rising ??? ...

----------------------------------------------------

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65

The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.



Why that's completely unsustainable!

Double-A

  #7  
Old November 26th 08, 10:51 PM posted to alt.astronomy
Double-A[_2_]
external usenet poster
 
Posts: 1,720
Default $7 trillion and rising ??? ...

On Nov 26, 12:52*pm, Saul Levy wrote:
It won't work. *Those MORONS have NO IDEA how to save anything but
their ASSES!



Are you sure that wasn't "assets"?


The Weimar Republic all over again, Raving! *lmfjao!

Wait until we spend $1000 for a loaf of BREAD!

Saul Levy



Shall we buy the wheelbarrows now?

Double-A



On Tue, 25 Nov 2008 18:48:22 -0800 (PST), Raving



wrote:
The Federal Reserve and the Treasury announced $800 billion in new
lending programs on Tuesday, sending a message that they will print as
much money as needed to revive the crippled banking system.


The two new efforts — one mainly to finance loans for consumers, and
an even bigger one to push down home mortgage rates — marked the
latest but hardly the last of the federal government’s efforts to
shoulder the losses that began with subprime mortgages and have spread
throughout the economy.


All told, the government has assumed at least $7 trillion in direct
and indirect financial obligations in the form of Wall Street
bailouts, emergency lending and government guarantees on bank
deposits, inter-bank loans and home mortgages. *...


*http://www.nytimes.com/2008/11/26/us...26paulson.html


----------------------------------------------------


U.S. NATIONAL DEBT CLOCK


The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65


The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.


The National Debt has continued to increase an average of
$3.89 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!


* * * *http://www.brillig.com/debt_clock/


--------------------------------------------------------------------------*-----


From $700 billion to $7 trillion in a blink of an eye.


*... Look who is doing creative accounting now!


*Hmm, something doesn't add up.

  #8  
Old November 27th 08, 02:35 AM posted to alt.astronomy
Saul Levy Saul Levy is offline
Banned
 
First recorded activity by SpaceBanter: Jul 2006
Posts: 21,291
Default $7 trillion and rising ??? ...

No, ASSES is what I meant, DA! lmfjao! A lot of assets are GONE!

You won't be able to afford a wheelbarrow soon!

Saul Levy


On Wed, 26 Nov 2008 13:51:59 -0800 (PST), Double-A
wrote:

On Nov 26, 12:52*pm, Saul Levy wrote:
It won't work. *Those MORONS have NO IDEA how to save anything but
their ASSES!



Are you sure that wasn't "assets"?


The Weimar Republic all over again, Raving! *lmfjao!

Wait until we spend $1000 for a loaf of BREAD!

Saul Levy



Shall we buy the wheelbarrows now?

Double-A

  #9  
Old November 27th 08, 02:37 AM posted to alt.astronomy
Saul Levy Saul Levy is offline
Banned
 
First recorded activity by SpaceBanter: Jul 2006
Posts: 21,291
Default $7 trillion and rising ??? ...

Very CLEVER of you, BEERTbrain! lmfjao!

What the **** are you doing?

Saul Levy

On Wed, 26 Nov 2008 13:11:14 -0500, (G=EMC^2
Glazier) wrote:

TEST

  #10  
Old November 27th 08, 03:09 PM posted to alt.astronomy
G=EMC^2 Glazier[_1_]
external usenet poster
 
Posts: 10,860
Default $7 trillion and rising ??? ...

Double A You can be a concerned citizen,and want to fight back,but are
boxed in. The press is our watch dog,and most are republican owned.
The truth on USA economy is a Nixon coverup. Its to late to
cure.Bailout money is like giving a corpse a shot of Bud light,instead
of formaldehyde. TreBert

 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
What Can You Get For Trillion Bucks? What Me Worry? Amateur Astronomy 0 September 21st 07 02:13 PM
A pro-business way to spend $U$356.5 billion to $2 trillion the only hope for SPS Bill Haught Policy 5 January 16th 07 08:22 AM
NASA Moon-Mars Price Tag at $229 Billion, not $1 Trillion Scott M. Kozel Space Shuttle 36 May 5th 04 09:18 AM


All times are GMT +1. The time now is 12:52 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 SpaceBanter.com.
The comments are property of their posters.