Druckenmiller: 'Interest On The Debt Is Going To Kill Us'

Hedge fund legend Stanley Druckenmiller on exploding debt interest.

Two short highlight clips from Druckenmiller's interview last week on CNBC

WSJ Editorial By Druckenmiller...

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Here's a chart of interest paid on the U.S. national debt.

Interestingly, we have already paid $150 billion for fiscal 2013.

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More Druckenmiller:

'The bond market is a funny thing...'

Meanwhile, the U.S. Debt Machine rolls on, borrowing $50,000 per second.

CHART: CBO Projection of Federal Spending

Comments

[TR]

"A Democrat, an independent and a Republican agree:"
It's the end of the world!!
I'll start panhandling to cover the interest.

OBLW - Osama Bin Laden Won

http://www.alternet.org/civil-liberties/handcuffing-and-interrogating-7-year-old-police-state-crashes-americas-schools?page=0%2C1&akid=10109.1086726.UBC_xY&rd=1&src=newsletter800765&t=3

[TR]

http://www.dailymail.co.uk/news/article-2284542/Art-Bouvier-Man-spots-Jhaqueil-Reagan-walking-10-miles-job-interview-gives-job.html

[Big Ben]

Folks, that's billions that could have been spent on worthy projects rather than given to the hands of moneylenders. It is imperative to read Gottfried Feder book Manifesto which argues this same point. The third reich instituted feders plan and work! Germany successfully came out of the depression where GB and US didn't. That of course pissed off the intl bankers which pushed GB US into war with Germany. ithe was war was never really about Poland, rather it was German gall to turn its back on scheisters bankers and their ilk.

[Josie]

I'll go with Druckenmiller, who's WAY smarter and WAY richer than me, to explain our predicament.

A lil' NFL/Druckenmiller story for ya: the Rooney family went to Stan (huge Steelers fan and Pittsburgh guy) to buy them out a few years back when the Rooney boys (other than Dan) wanted to estate plan and cash out. After briefly reviewing the NFL numbers and franchise financing and health, and the Steelers health in particular, said "no thanks"...why? Because he's all biz-nass and views everything with a clear, analytical mind, devoid of emotion.

Why don't we have peeps like him in public office?

[DailyBail]

Josie, good story. I've thought NFL teams were overvalued for a decade or so now, but the Forbes values for franchises just keep going up.

I'm posting the WSJ op-ed ink again from Druckenmiller for anyone who didn't read it.

http://online.wsj.com/article/SB10001424127887323485704578257753243530078.html

[Josie]

DB-

Maybe Forbes is right about the large market teams, big maybe. But they are off on small(er) markets, even the successful ones (like the 'Burgh), IMO. Would you pay a $bil+ for an operating profit of $25-35mil? Small markets are in the $150-175mil gross revenue range...

As Steve Ross so aptly said at his first owners meeting, after being raped by Huizenga when buying the Fins during the economy bust as he scrambled around looking for financing of the remaining $450mil he owed Wayne: "so I'm the last sucker, huh?"...there was a reason Ross was selling BS $1mil shares of the Fins to the Miami Beach "I think I'm rich" celebrity crowd...