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Can the Debt Ceiling Keep getting bigger; When will it stop?
Topic Started: 11 Oct 2013, 10:19 PM (4,061 Views)
mel
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mango66
11 Oct 2013, 11:06 PM
5 trillion in 2000 .....thirteen years later nearly 17 trillion. Thats a trillion a year. How can you call it a number. If it gets too big and cant be repaid theres going to be huge shockwaves in the fallout.
if the money isn't real the problem isn't real - or better put:

'if the pricks who make the rules owe the money there is no problem' :D
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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Foxy
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Zero is coming...

mind over matter
they don't mind and we don't matter.
Peter
:to:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Perthite
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Pls fix the spelling in the title of the thread before ocd kicks in.
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Foxy
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Zero is coming...

Perthite
12 Oct 2013, 01:03 AM
Pls fix the spelling in the title of the thread before ocd kicks in.
firstly there is no ceiling.
And if there was one, YES.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Kulganis
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Perthite
12 Oct 2013, 01:03 AM
Pls fix the spelling in the title of the thread before ocd kicks in.
I'm so used to the internet that I didn't even notice.


The 7:30 Report did a great piece on this:

"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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miw
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Kulganis
12 Oct 2013, 02:11 AM
I'm so used to the internet that I didn't even notice.


The 7:30 Report did a great piece on this:

Seen it before, but still spat wine all over my keyboard. Those guys are so friggin funny. Thanks.
:lol :lol :lol :lol :lol
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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goldbug
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mel
11 Oct 2013, 10:43 PM
all the trillions are just numbers.
seriously, whats the practical difference between a huge number and an obscenely huge number? :lol
seriously, are you financially illiterate in all areas? Don't you know the consequencial difference between a CC balance of $750 and one of $75,000.

The theory that you you can grow your way out of debt is like the special theory of relativity. It works! But only for a limited set of conditions. The special theory of debt accumulation is now giving way to the general theory of debt accumulation. Just like it did after the roaring twenties. That was a period in history BTW where to be a holder of debt was catastrophic to your future happiness. It bred an entire generation and more of people who hated debt, wouldn't touch it with a barge pole.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Kulganis
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U.S Debt Visualised:



They can't pay it back, they won't pay it back.
Yes, the debt ceiling can be raised, because it's set by the congress...

Edited by Kulganis, 12 Oct 2013, 07:58 AM.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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skamy
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Kulganis
12 Oct 2013, 02:11 AM
I'm so used to the internet that I didn't even notice.


The 7:30 Report did a great piece on this:

good one :)
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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mel
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goldbug
12 Oct 2013, 07:27 AM
seriously, are you financially illiterate in all areas? Don't you know the consequencial difference between a CC balance of $750 and one of $75,000.

The theory that you you can grow your way out of debt is like the special theory of relativity. It works! But only for a limited set of conditions. The special theory of debt accumulation is now giving way to the general theory of debt accumulation. Just like it did after the roaring twenties. That was a period in history BTW where to be a holder of debt was catastrophic to your future happiness. It bred an entire generation and more of people who hated debt, wouldn't touch it with a barge pole.
if the credit card holder is also the issuer then what's the problem?

i know you don't like what's going on ted but there's nothing you or anyone else can do to stop it. If your theories were on the money the world would have turned into a mad max type hell 5 years ago but it didn't - please explain that one for everybody.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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