Recent iamthewitness article

[Roy Hobs]

Can anyone decipher and or interpret what a recent article posted on iamthewitness means?  


Record Treasury Supply On Deck: $116 Billion In Bond Issues, $182 Billion Total; Will Debt Ceiling Be Breached Next Week?


Thanks.

[LordLindsey]

The countries are NOT buying US bonds any longer and the debt ceiling is that $10 trillion or so that the government is not allowed to go over, but Congress always passes a bill that increases the debt ceiling.

In other words the world economy is about to go into catastrophe mode, and the INTENTIONAL destruction of the dollar is the catalyst for it.  This is why I am pushing so hard for the media campaign because now is the best time to reach-out to "the people" what is really happening to them, who is doing it, and WHY.

LINDSEY

[abduLMaria]

Can anyone decipher and or interpret what a recent article posted on iamthewitness means?  

Record Treasury Supply On Deck: $116 Billion In Bond Issues, $182 Billion Total; Will Debt Ceiling Be Breached Next Week?

Thanks.

the US borrows to finance 2009 debt (federal budget is about $3 trillion, 2009 deficit is $1 trillion + ).

also, debt from previous years is financed with bonds of varying maturity (1, 3, 5 years - etc.)

so, old bonds are 'rolled over' - and new bonds/debt are issued.

given that the official pre-Obama national debt is about $11 trillion (they don't count some obligations such as Social Security that you would normally count as a debt if you were doing accounting for a business ... if you count that debt the number is a lot larger) ... there's a whole lot of US debt going around.

basically the US has to finance or re-finance $5 to $7 trillion worth of debt this year.  that's borrowing at the rate of $100 billion + - each week.

for more detailed information you have to rely on people who are not anti-Zionist.  i.e., people who know the business, AND have the ability to clearly explain it.  e.g. John Mauldin
http://www.investorsinsight.com/

and Karl Denninger
http://market-ticker.denninger.net/

this relates on a subject i hear here & at iamthewitness.com - the "i'm not going to listen to so-and-so because he's a Zionist apologist, he's not Pure Play" ... whatever.  the fact is, some of the people who are best able to explain the financial services industry are people who work in the industry.

Mauldin "manages money for rich people" - including Jewish rich people.

i don't quite understand the criticism of Denninger.  admittedly, he is intolerant of talk about 9-11 on his forums (i got kicked off) - but he does a fantastic job of explaining what is going on, and calling for investigations & prosecutions.  if the US government followed his advice, a lot of Zionist bankers would be behind bars.

[kolnidre]

i don't quite understand the criticism of Denninger.  admittedly, he is intolerant of talk about 9-11 on his forums (i got kicked off) - but he does a fantastic job of explaining what is going on, and calling for investigations & prosecutions.  if the US government followed his advice, a lot of Zionist bankers would be behind bars.

Exactly.

Information has to be taken and processed where it is made available. There are obvious disinformation sources, but not everyone is at the same point on the learning curve. I'd be embarrassed to go back in time and observe myself during the earlier stages of my enlightenment.

Can we dismiss Norman Finkelstein's factual evidence and criticism of the misuse of the Shoah bizness because he doesn't go full hog and call the history part a hoax?

Someone like Jim Cramer who said Bear Sterns was great the day before it was imploded are to be avoided, but until Denninger proves himself a shill I'm open to taking a critical look at what he presents.