StreetScooby 5 #1 July 30, 2009 http://www.cnbc.com/id/29880401?slide=1 The URL shows which countries own the bulk of US debt. China owns $740B (...note the B, for billion), which is 7% of the outstanding gov debt of $11T (...note the T, for trillion). The US Treasury owns 4.8T (...note the T, for trillion). That's 44%, which means WE are our biggest creditors, and we don't seem to have it under control. This absolutely blows me away. I am shocked. Our elected representatives are flat out thieves, and they continue their looting right on prime time TV. This has to stop, and now! edited to add: We owe ourselves 15 times what China is owed. No wonder they scoff at Geithner when he gets up there and says, "I'm not worried, why should you be?"We are all engines of karma Quote Share this post Link to post Share on other sites
kallend 2,146 #2 July 30, 2009 Another GOP-come-lately to fiscal responsibility. www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3062426#3062426 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3062491#3062491 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3097838#3097838 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3329649#3329649 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3111012#3111012 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3304942#3304942 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3116408#3116408 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=3317436#3317436... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
shropshire 0 #3 July 30, 2009 Someone was saying in another thread the the US of A is all about profit and always will be... um .. when I was at school profit was a +ve amount not -ve. The thing is, these numbers are soo big, it's difficult to get your head around.... The only way to try to understand it is try to equate it to some thing that we're used to .. So, how many Max Altitude Jumps is it? How many people would get how many jumps and how long would it tale for them to do them? .... There you go, economics reduced to managable maths. (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
StreetScooby 5 #4 July 30, 2009 Quote Another GOP-come-lately to fiscal responsibility. You are consistently and needlessly condescending in your replies to lots of people in this forum. There is no need for that. BTW, I am neither Democrat nor Republican.We are all engines of karma Quote Share this post Link to post Share on other sites
TomAiello 26 #5 July 30, 2009 QuoteThe thing is, these numbers are soo big, it's difficult to get your head around.... The only way to try to understand it is try to equate it to some thing that we're used to .. Here you go.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
SpeedRacer 1 #6 July 30, 2009 But you're wearing a top hat in your avatar. Doesn't that make you a Republican? Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
StreetScooby 5 #7 July 30, 2009 No. I have been an independent for pushing 20 years now.We are all engines of karma Quote Share this post Link to post Share on other sites
shropshire 0 #8 July 30, 2009 - that does the job too (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
TomAiello 26 #9 July 30, 2009 QuoteQuote Another GOP-come-lately to fiscal responsibility. You are consistently and needlessly condescending in your replies to lots of people in this forum. There is no need for that. BTW, I am neither Democrat nor Republican. It makes him feel better if he can label anyone who disagrees with him as a Republican. I'm not sure why, but I think it has to do with a lifetime spent building up his hate for that specific group. The flipside is that anyone who throws out a particularly wild conspiracy theory, or makes an overtly racist comment, or does anything else easy to hate, also gets labelled as a Republican. That way you can always say that the Republicans are worth hating, and go on building up that internal rage, which you can retarget by branding anyone who disagrees with you as a Republican. It's classic group identity politics at it's finest.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
turtlespeed 226 #10 July 30, 2009 Quote - that does the job too It is such a shame that the dems would scoff at that representation though.AND STILL defend their messiah.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
TomAiello 26 #11 July 30, 2009 Quote - that does the job too Here's another one that defines a Trillion dollars in a way that you can comprehend: A Trillion dollars is equivalent to a stack of thousand dollar bills (a stack--not end to end) 67.9 miles high. It would take you a little more than an hour to drive the length of that stack.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
StreetScooby 5 #12 July 30, 2009 Quote AND STILL defend their messiah. While he casually suggests adding $2T to our debt, and advocates states taking loans to pay for operating expenses to support his utopian vision (...read that somewhere recently, and do not have a reference for it).We are all engines of karma Quote Share this post Link to post Share on other sites
shropshire 0 #13 July 30, 2009 I saw that too .. thought that it was better than the 1st. (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
TomAiello 26 #14 July 30, 2009 Quote...adding $2T to our debt.. Hey, what's the big deal? I mean it would only take two hours or so to drive the length of that stack of 1000 dollar bills, at freeway speeds.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
StreetScooby 5 #15 July 30, 2009 Quote Hey, what's the big deal? This is f'ing insane. The reason US govt bonds are considered the safest in the world is because of our military (especially those 12 aircraft carriers). If these lunatics in Iran, and elsewhere, actually think we're going "bankrupt", they're going to start something that we will be drawn into. Obama is aggressively, and dangerously, nieve(sp?).We are all engines of karma Quote Share this post Link to post Share on other sites
TomAiello 26 #16 July 30, 2009 QuoteThis is f'ing insane. Yup. What's more insane is that the strategy of our "leaders" in Washington for dealing with the debt...is to point fingers at the other party and loudly proclaim that it's their fault. And somehow the other party doing it justifies your party doing it.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
StreetScooby 5 #17 July 30, 2009 Quote What's more insane is that the strategy of our "leaders" in Washington for dealing with the debt...is to point fingers at the other party and loudly proclaim that it's their fault. And somehow the other party doing it justifies your party doing it. +1 Both parties have MASSIVELY failed our country.We are all engines of karma Quote Share this post Link to post Share on other sites
shropshire 0 #18 July 30, 2009 I think that you people have defaulted on your mortgage for the US of A .... so we're evicting you and taking it back..... You have been served notice and have 28 days to pack and leave. (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
TomAiello 26 #19 July 30, 2009 Quote I think that you people have defaulted on your mortgage for the US of A .... so we're evicting you and taking it back..... You have been served notice and have 28 days to pack and leave. In all seriousness, I think that's exactly where this is headed. I see no way for the US to avoid a debt default within my lifetime. My only hope is that we take the right lesson away from that, but given our behavior so far I think I may hope in vain.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
kallend 2,146 #20 July 30, 2009 QuoteQuote Another GOP-come-lately to fiscal responsibility. You are consistently and needlessly condescending in your replies to lots of people in this forum. There is no need for that. BTW, I am neither Democrat nor Republican. Fair enough, you are an independent-come lately with a clear right wing bias. You have a long posting history on DEBT and no panic attack until Obama became president. Why not a peep of criticism from you during Bush's spending spree?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
TomAiello 26 #21 July 30, 2009 Wow. Given your tone, I had assumed that first post of yours (the list of links) were posts from StreetScooby blowing off debt as unimportant during previous administrations. Imagine my surprise when they were nothing of the kind. I also looked through the links in in your latest post. Imagine my surprise when several of them turned out to be posts by StreetScooby, worried about the debt of the US government, some made as long ago as 2005. Again, from your tone, I had expected them to be posts he'd made blowing off debt worries.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
kallend 2,146 #22 July 30, 2009 QuoteWow. Given your tone, I had assumed that first post of yours (the list of links) were posts from StreetScooby blowing off debt as unimportant during previous administrations. Imagine my surprise when they were nothing of the kind. I also looked through the links in in your latest post. Imagine my surprise when several of them turned out to be posts by StreetScooby, worried about the debt of the US government, some made as long ago as 2005. Again, from your tone, I had expected them to be posts he'd made blowing off debt worries. I saw no panic or even concern until his 2009 posts. Imagine my surprise - your interpretation is clearly different.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rhys 0 #23 July 30, 2009 QuoteWe owe ourselves 15 times what China is owed. No wonder they scoff at Geithner when he gets up there and says, "I'm not worried, why should you be?" It is all just number juggling and the figures have nothing to do with recources. For every dollar banked, $1.9 can be loaned, once banked again (in a different bank) that figure will be multiplied again, by 1.9. Every dollar represents a debt, if all loans were paid at once today, there would be less than 10% of the money required in circulation. Watch Zeitgiest addendum; http://www.zeitgeistmovie.com/ It focuses primarily on this on going problem. it also covers a simple, yet unfortunately near impossible (due to human nature), alternative. This movie is not just an ammended version of the origional Zeitgiest movie. It is more focused on the treasury and how it works. If you mock it before watching it, you are an ass."When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix Quote Share this post Link to post Share on other sites
BDashe 0 #24 July 30, 2009 846,153,846,153 skydives @ Lodi. Bill would be happy! yeah, 850 billion skydives. with 32,000 USPA skydivers in the US, that is 26,442,308 skydives per person If one person had 2 rigs and a packer (not paying packer with debt money) and it took 20 minutes to get to altitude and back on a new plane, it would take: 32,197,635 years of 24/7 jumping for one person to jump all 850 billion skydives. OR over 1,006 years for each registered US skydiver to make their fair share of jumps, again 24/7.So there I was... Making friends and playing nice since 1983 Quote Share this post Link to post Share on other sites
TomAiello 26 #25 July 30, 2009 Not having 2 hours right now, I'll have to watch it later. Would you say that this (from the wikipedia summary) is a fair single sentence summary of it's thesis? Quote the film suggests society is manipulated into economic slavery through debt-based monetary policies by requiring individuals to submit for employment in order to pay off their debt. Because if that's, in a nutshell, their point, I'm most likely to respond with "well, duh, we knew that already."-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
