31 votes

INFINITY! We have arrived.

Gietner wants to raise the debt limit to infinity.

http://cnsnews.com/news/article/treasury-secretary-geithner-...

Why not were already to the point of no return. While we're add it, give me a billion dollars and a new airplane.

http://www.youtube.com/watch?v=L7DLvpnS-9g



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Global Famine is at hand.

It won't be too long now if the Geithner and Bernanke racket begin exponential expanding debt, money supply and thus inflation to infinity.

.

Mr G ? I don' know where he is.

Mr G could not attend this evening. [Light cigarette]

[Victrola: Raise the limit?]

Mr G's suggestion? I have no objection.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

They're not done yet!

They're going to infinity and beyond!

" In Thee O Lord do I put my trust " ~ Psalm 31:1~

Inspiring!

http://www.youtube.com/watch?v=L7DLvpnS-9g

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

LOL

Thanks Dex!

" In Thee O Lord do I put my trust " ~ Psalm 31:1~

I"ll buy that for a dollar.

Well, if it is inevitable, the sooner, the better. One of my biggest pet peeves is procrastination.

Let's tank it once and for all, so that we can start anew.

:-(

"What if the American people learn the truth" - Ron Paul

Actually, Allow me to buy that for a dollar

After all we have INFINITY!

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

You must be old like me...

I like saying "I'll buy that for a dollar". The amount of poeple that get the reference is becomming fewer and fewer.

It is so obscure now that it barely registers on YouTube.

I have all those movies on Laserdisc.

HawaiianDude

I object to that, lol!

Stay young at heart and they will have a run for their money :-)

"What if the American people learn the truth" - Ron Paul

no limit? forget about the obamaphone

I'm going LARGE...

I want a unicorn.

I want a helicopter powered by children's laughter!

I want a helicopter powered by children's laughter!

If the limit on my credit card was eliminated

I'd go on a spending spree the likes of which the world has never seen.

if the limit on my credit

if the limit on my credit card was eliminated - id realize that is more than enough rope to hang myself when it came to INTEREST haha.

now if that interest went to 0 indefinitely....

Technically...

You speak the truth. But isn't the analogy even more twisted and like this...

Your Credit card has no limit and I am allowed to charge your card for my iPhone and you and your children pay the interest for me.

I Love my iR8Phone!!!

Even if the interest rate went to 99%

I'd just double my borrowing and keep spending! I'd buy a yacht with its own volcano on deck so I could roast marshmallows.

How about spreading the wealth?

How about spreading the wealth? I could use some cash to buy things with before it becomes absolutely worthless. I need to stock up on precious metals ( copper and lead).

RickStone

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Of course they do then they

Of course they do then they would not have to have a vote in congress every couple months to raise it thus the people would be less aware of it.

I say go for it will just escalate the collapse and ensuing chaos and die off and then when the dust settles we can get to the business of building a better society sooner...

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Sounds like a fast track

to secession to me.

the ship is sinking

and the captain and crew are possitioning life boats for themselves. us passengers are told all is fine, free wine for everyone. WEEEE!

ecorob's picture

no...they will keep us locked down in steerage...

as 3rd class citizens in our own country held captive by the elites who are topside loading into the rafts...

i am ready for a little rLOVEution!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

What about the dollar?

So how long will it be before China, et. al. refuse to accept the dollar?

If we do this we're proclaiming "we're never going to pay it back".

Cyril's picture

I'm afraid that maybe the only reason why China has been so kind

I'm afraid that maybe the only reason why China has been so "kind, friendly" buying so much of USD-based debt and for so long, until recently anyway, as there seems to be a turn of trend indeed (lookup 2011/12 BRICS news), was that ...

... China did need the petro-dollars, and pretty BADLY :

http://en.wikipedia.org/wiki/Petroleum_industry_in_China#His...

We're not talking about a 350+ million folks economy ... it's about a 1.3+ billion souls one; a factor 4.

Now, what does that tell us China frantically stockpiling gold and silver over almost the last ten years in a row and continuing today, more than ever ?

http://www.financialpost.com/story.html?id=1530063

(while exporting some fake PMs, 'coz otherwise that ain't funny a story, would it ?)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Why would China want our US debt? Why would Japan? $1 T each.

They have so much of their own. China National Debt
Chinese ¥ 14,615,983,711,374 (¥14 Trillion; approx $2.5 Billion)

Japan may pop the question. Japan National Debt
Japanese ¥ 1,000,301,923,074,951 (¥1 Quadrillion; approx $10 Trillion)


USA debt sold (IOU):

  • China, Mainland $1.16 trillion (Sept. 2012) Update: China now #2.
  • Japan, Islands $1.13 trillion (Sept. 2012) Update: Japan now #1.

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES: September 2012.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I don't understand why/how Japan is able to buy

so much of our debt - don't they have the highest debt to GDP ratio of all?

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

I don't comprehend why Japan should buy our debt.

When they have so much of their own, ain't that enough for their island nation?

If debt were real give & take, governments should promptly pay off which ever was worse. They would leave none to banker imagination. Alas, debt is not give & take at the national & international level. It is take. See Dr Ron Paul words of wisdom about, "out-of-thin-air."

GDP is a measure of spending. It is what was spent. It is a summation of national accounts; yet, has little, if anything, to do with paying national debt. Nor the intention of paying. Economists argue that it is descriptive of "ability to pay." This is nonsense, as any household soon finds out. What you spent is gone. You pay debt w/ what you manage to save.

The US Government does not save, any more than "daylight-savings-time"is yours to keep. The whole world is awash in debt. See James 5 in the Bible. For those of strong will, see Leviticus 25. Bring an old dictionary.... Webster's Dictionary, 1828.

Regards,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

We already are never gonna pay it back

But your right, all he's doing is finally saying it....

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

ConstitutionHugger's picture

Hey Gietner-

I want $3 million! That will be enough to pay off my debt and buy a little off grid shack in the woods. (I think I'm gonna need it.)

Declare yourself a nation. Buy US Treasury Bonds.

Ask for a loan against them. Ask for another loan to buy more. Should you have trouble paying loans, for any reason, buy more Treasury Bonds on credit. Should you max out your credit (as in, "The American way"), ask for US Foreign aid (as in, "The way of the world").

If desperate, promise to turn your despotic or otherwise selfish nation into a fledgling democracy. Run yourself in a mock election, promise to use Diebold ® vote tabulators.

Diebold ®: Win your election w/o a trace!
You need not be dead to participate. Void where prohibited.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul