patrick.net

...Exactly!

Heraclitusstudent says

Too bad they are not more nuanced.

compared to who?

In 2002 the national debt was 6 trillion. In order to keep the Federal Reserve Ponzi scheme going for another 30 years, the national debt will have to be increased to 60 trillion by 2032.
It's just basic math for the people running the program.

carrieon says

In 2002 the national debt was 6 trillion. In order to keep the Federal Reserve Ponzi scheme going for another 30 years, the national debt will have to be increased to 60 trillion by 2032.

Actually my estimate is about 9% a yr on average since Reagan. That would mean going from 6 to closer to $80 trillions in 30yrs.

Heraclitusstudent says

carrieon says

In 2002 the national debt was 6 trillion. In order to keep the Federal Reserve Ponzi scheme going for another 30 years, the national debt will have to be increased to 60 trillion by 2032.

Actually my estimate is about 9% a yr on average since Reagan. That would mean going from 6 to closer to $80 trillions in 30yrs

It is simply a matter of leaving Bretton Wood, it has been occurring since 1971.

As far as debt goes if you include unfunded liabilities the 60 trillion number would be on the low side.

IMO that is when the country augers.

As am I...

Heraclitusstudent says

and what you have is less a democracy with plutocratic tendencies and more a plutocracy with totalitarian tendencies

there's a Truth5 here, 28% - ~40% of the population being utterly bone-stupid.

Let's not forget that 36.8% of the electorate voted for Hitler in 1932.

http://en.wikipedia.org/wiki/German_presidential_election,_1932

A government can only be as good/wise/intelligent as the electorate that empowers it.

indigenous says

If you listened to zero hedge from 2009 to 2014, you would have missed out on one of the biggest all time stock market bull runs in history.

Citation please

Citation is DJIA. 10,000 in 2009 to 17,000 in 2014.
Most would agree that was a bull run.
http://www.advfn.com/djia/DowJonesCharts.asp?index=DJI

Everyone knew he was a troll, so his admitting it doesn't mean much.

Call it Crazy says

It's absolutely amazing you accuse another poster of what you do on a daily basis here! Stunning!!!!!

You see this is another case of projecting.

carrieon says

Citation is DJIA. 10,000 in 2009 to 17,000 in 2014.

Most would agree that was a bull run.

While you are right, MOST would agree... in Elliott Wave terms it was a bear market rally, a wave b of Cycle degree. B waves are impostors, they have the characteristic of sucking in the gullible and naive and then stripping them of everything they believe they've accumulated.

As explained here in this description of wave psychology:

http://www.globaldeflationnews.com/introduction-to-the-elliott-wave-principle-the-key-to-understanding-market-behaviorpart-2-wave-psychology/

The Professor says

But on the basis of what? How long can it be sustained?

Until it reaches 34,000 in 2021!

The miracle of compound growth!