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Guess When We Hit $15 Trillion in Debt

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  • ksammutksammut Posts: 1,074 ✭✭✭
    November 30, 2011 at 10:45 AM EST. LOL
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • JimDepotJimDepot Posts: 958 ✭✭
    12 zeros,,, kinda like the "super committee".


    image
    image

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    11/28/11 02:13:15 am ET (adjusted for daylight savings)
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Before the next election.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    December 12th....4 PM eastern time.

    Better question, on what date will the debt be fully repaid, repudiated, or forgiven?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Christmas eve.image
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Geez, that is scary. It reminded me of the taxi meter going from the Malpensa airport to the center of Milan. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • pragmaticgoatpragmaticgoat Posts: 853 ✭✭✭
    like age, the older we get the faster it seems to go!
    BST references:
    jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
    jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭
    I like this one


    Or this one


    But I really wish there was one that showed the total of global govt, municipal, corporate and personal (consumer) debt. I think the total is something like $350 TRILLION.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    Reminds me of an auction....10 trillion, 12 trillion, 14 trillion...do I hear 15 trillion?...and the politicians just keep saying "Yes" to the next amount.
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    there is no way all this global debt is repaid.

    I guess we will all have a "global haircut day" one day soon. (similar to Greece where everyone gets a lot less money, but no one defaults)

    All those fearing financial turmoil will just have to be out of anything owning global gov't debt.


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Geez, that is scary. It reminded me of the taxi meter going from the Malpensa airport to the center of Milan. MJ >>



    I've done that ride and know what you mean. image
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Famous line applies for this question..."in my mind, i'm already there."
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • 2ndCharter2ndCharter Posts: 1,656 ✭✭✭✭✭
    Better question, on what date will the debt be fully repaid, repudiated, or forgiven?

    Why does the date April 1st come to mind? image

    Member ANA, SPMC, SCNA, FUN, CONECA

  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    My figerin' is Dec 11th.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Comrade, I'm scared to even think about it. Do you remember the old joke about Congressional spending? It goes, "a million here, a million there - pretty soon it starts adding up to REAL MONEY".

    Well, we are long beyond that joke.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Comrade, I'm scared to even think about it. Do you remember the old joke about Congressional spending? It goes, "a million here, a million there - pretty soon it starts adding up to REAL MONEY".

    Well, we are long beyond that joke. >>



    It's more like a Shakespearean tragedy. King Lear comes to mind.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭
    April 27, 2012.

    It will accelerate so I'll guess April 15.
    Tempus fugit.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Didn't realize how fast the interest accrues on this. So much for linear estimates. Now getting about 26 days to go which jumps it to just before Thanksgiving. That's several weeks
    ahead of Friday's guess where it was adding about $1.7M per minute. Now it's up to around $2.3M/min. Will probably end up being mid-November if not earlier.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    $14.98 Trillion now.

    Comrades, this snuck up on us fast.

    No one was close.
  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    only 35billion left

    linear it ain't
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>$14.98 Trillion now.
    Comrades, this snuck up on us fast.
    No one was close. >>



    But some were much closer than others. Heck, even a 5th grader knows how compounding interest works.....image


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>$14.98 Trillion now.

    Comrades, this snuck up on us fast.

    No one was close. >>



    Wow. it will hit 15 trillion before the 25th Anniversary ASE's even ship. That was fast. Bummer. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    $14.967T as of 6:25 ET 11/08.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Is anyone going to watch the crossover?
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Just had a thought. This will occur very close to the EAS test/shutdown of 3 minutes. Coincidence. image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'll predict 13 days from right now: 9am on 11/21/2011

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭
    November 18 at 6:44pm EST
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭
    little under $31 billion left


    it's going fast.


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Does Mr. Rothschild really expect to collect on this debt and for that matter the worlds?
    Good for you.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Does Mr. Rothschild really expect to collect on this debt and for that matter the worlds? >>



    No, he was expecting a constant cash flow...
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>little under $31 billion left


    it's going fast. >>



    One day later $26.7B left. At this rate the crossover should be in less than 7 days...around the 15th or 16th.
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    Clicking along at ~$38,000 per second. New estimate of 11/17 11:02pm

  • MsMorrisineMsMorrisine Posts: 33,019 ✭✭✭✭✭


    << <i>Clicking along at ~$38,000 per second. New estimate of 11/17 11:02pm >>



    that rate is accelerating at a very quick clip.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    $14.988T

    image
  • 2ndCharter2ndCharter Posts: 1,656 ✭✭✭✭✭
    $9 Billion to go as of a few minutes ago....

    Member ANA, SPMC, SCNA, FUN, CONECA

  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    I'm looking forward to 20 and then 100 and more because it might be fun bringing a wheelbarrow full of money to the supermarket to buy a loaf of bread.
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    the next erection errr election sorry
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    $14.998T
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Just in time for the supercommittee report.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭


    << <i>Does Mr. Rothschild really expect to collect on this debt and for that matter the worlds? >>



    No. He already owns everything several times over and is now just trying to suck
    up all the errant wealth. When you put a dollar in his hands he gives you .5%
    interest and then loans that same dollar to as many as twenty other people at
    interest rates as much as 50 times what he pays you. He already owns all the
    gold in the world and has sold it to ten or twenty people as well. A lot of people
    think they own their stash but it's really just on loan until he wants it back.

    Tempus fugit.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭
    14.999

    There goes my guess unless Congress finds some self restraint in the next few hours.
    Tempus fugit.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Mil every 32 seconds, so today then basically.
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    ~$43,500 per second. At that rate, it will happen just after the markets close this afternoon. (4:04:15 ET)
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    Too late. Already happened.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    imageimageimageimageimage

    imageimageimage

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Congratulations Comrades!!!!
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Okay, now what? Predict $20T? When is that going to be? Second year of Dear Leader's second term?
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Okay, now what? Predict $20T? When is that going to be? Second year of Dear Leader's second term?

    I did not know that the bankers were going to give him a 2nd term! Have I been out of touch this last half $trillion?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ksammutksammut Posts: 1,074 ✭✭✭
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

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