'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.

Comments

[Guest]

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"

http://www.washingtonsblog.com/2013/03/want-to-reduce-the-debt-stop-billions-a-year-in-nuclear-subsidies.html

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

[SKINFLINT]

Even more corporate whores. http://www.zerohedge.com/contributed/2013-03-13/cutting-corporate-welfare-queens-dole-would-be-best-way-cut-debt .

[SKINFLINT]

Chris Hedges article. Good read.

http://www.truthdig.com/report/item/the_crucifixion_of_tomas_young_20130310/

[SKINFLINT]

Bill Black. FDIC nitwittery. http://www.nakedcapitalism.com/2013/03/bill-black-which-aspect-of-the-fdics-litigation-failures-is-the-most-embarrassing-and-damaging.html Just Geez Us Key Riced.

[DailyBail]

Good links, thx.

[SKINFLINT]

Dicks. http://blogs.barrons.com/incomeinvesting/2013/03/11/sec-charges-illinois-with-securities-fraud-for-misleading-muni-investors/?mod=BOLBlog

[DDearborn]

Hmmm

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

[https://lh4.ggpht.com/ENA4X4fSGloIusuzFabX3X1Vqan4]

monopoly-oligopoly-cartel-gatekeeping

http://lh4.ggpht.com/ENA4X4fSGloIusuzFabX3X1Vqan4Kr6JBA_4fEVxyv08D2-PPx2ZXVLCJk8YAPuZiQ=w705

http://images.fineartamerica.com/images-medium-large/rhine-river-castle-paul-sachtleben.jpg

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

[DailyBail]

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.

[MoHawk]

How come the FED has brought $28T in circulation, but our debt is only $16T ? What happened to the missing $12T ?