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'We're Looking At $700 Billion Just To Pay Interest On The Debt!'

On Bernanke's balance sheet bubble.

'How will Bernanke deleverage into this market when the Fed itself owns the bulk of tradeable Treasuries.  Who wants to sell assets into a fragile recovery with the debt continuing to rise. Bernanke will delay, delay, delay!'

Yesterday on CNBC, Rick discusses the burgeoning cost of servicing our ginormous national debt -- $17 trillion is within sight, hell for that matter, $20 trillion isn't very far away.

Meanwhile the Fed's Debt Machine rolls on, lending $3 million per minute.



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Reader Comments (10)

Here you go:

Here's a great way to reduce the debt:

"Want to Reduce the Debt? Cut the Billions a Year In Nuclear Subsidies"

"We Could Offset the Need for the “Sequestration” Budget Cuts By Stopping Nuclear Subsidies"


And if this topic is new to you, you need to get up-to-speed now!

Check out:

www (dot) E N E N E W S (dot) com
Mar 13, 2013 at 8:22 PM | Unregistered CommenterGuest
Mar 13, 2013 at 9:44 PM | Unregistered CommenterSKINFLINT
Good links, thx.
Mar 13, 2013 at 10:28 PM | Registered CommenterDailyBail

Only in America are the people so stupid that they continue to pay interest to a private bank for a hundred years to borrow their own money
Mar 14, 2013 at 2:46 PM | Unregistered CommenterDDearborn



risk filtering (in the env. of monopoly, wealth effect is leverage effect,
with the leverage placed on the non-monopolists by the monopolists

programs structured to help and directly
pay monopolists and risk filterers while
purporting to serve national interests
Only in America are the people so stupid that they continue to pay interest to a private bank for a hundred years to borrow their own money


We are far from the only country who does this. Look at the UK. Look at the EU. Look at Japan. Look at Switzerland.
Mar 14, 2013 at 5:39 PM | Registered CommenterDailyBail
How come the FED has brought $28T in circulation, but our debt is only $16T ? What happened to the missing $12T ?
Mar 15, 2013 at 2:07 AM | Unregistered CommenterMoHawk

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