Total Credit Market Debt Is $52 Tril., Of Which $14 Tril. Is A Part

[mascale]

Notice how much the commentators, commedians, clergy, teachers, analysts, bankers, professionals , bureaucrats: Intend human failure wordwide. None of these educated people seem to be aware of the U. S. Federal Reserve Board, Total Credit Market series. This below is just from March, 2011.

What is a $14.0 tril. federal deficit all about anyway? Mostly, the Obama Adminstration is better accused of having stabilized the Total Credit Market at about $52.0 tril. It did that at a paltry cost of $3.0 tril.

In vivid terms, the economy was going more in the direction of the Titantic-Maiden-Voyage mode when the Democrats took over, and now the increase of borrowing and spending is on the rise again.

2006 Total Credit Market Debt--$45.352 tril.
2007 Total Credit Market Debt--$50.042 tril.
2008 Total Credit Market Debt--$52.433 tril.
2009 Total Credit Market Debt--$52.728 tril.
Q1 2009 Total Credit Market Debt--$52.489 tril
Q2 2009 Total Credit Market Debt--$52.311 tril.
Q3 2009 Total Credit Market Debt--$52.261 tril.
Q4 2010 Total Credit Market Debt--$51.923 tril.
Q1 2010 Total Credit Market Debt--$51,937 tril.
Q2 2010 Total Credit Market Debt--$52.265 tril
Q3 2010 Total Credit Market Debt--$52.636 tril

Most of the Republican leadership was in office during the mercurial rise of both the total credit market debt, and the federal deficit spending. Even now, the funding for operations in Libya is not GOP opposed, and is more than $0.5 tril.

If you live in a market economy, badly designed and run: Then borrowing and spending happen.

If you are opposed to that?

"Crow, James Crow: Shaken, Not Stirred!"
(Bring Back HUAC! Bring Back HUAC! There is never a Wisconsin Senate Fanatic Around when you really need one: Likely even able to count the number of colored people at work (in Secretary Clinton's State Department)! The Red Is Everywhere!)

 

[kyzr]

Who really knows what M1 and M2 are and what is good or bad???????

US M1 Rose $11.8B In March 28 Week; M2 Fell $1.1B - WSJ.com

 

[mascale]

Money supply is not about Deficits and Credits. Money supply is what the Indigenous Peoples, now of the various tribal land resorts--use to buy real estate, and things, in Manhattan: Or Dubai, or wherever.

The leadership of the Old, Fat, White People--Cavorting About Naked On Other People's Yachts--Dumping Substance And Other Treasure, Into The Sea: Wants to liken the federal debt ceiling limit to some kind of credit card.

Actually, the United States is a veritable land of milk and credit cards, sweet cheeks, and hooters, and lots of things to do with all of the above. Households know how to borrow from one credit source, and pay down another one. That actually happens in the real world, even in Washington, D. C.

Look at the original data in post one. Had The Democrats not pumped in the $3.0 tril., then the devastation to all the other credit sources would have been, Bernanke's "Catastrophic." That paydown would have been a collapse.

The current tail-spin would all be headed dowwards, as opposed to know being stabilized and heading back in the usual direction. Way before, however, even the bankers knew that easy credit would bring about affordable housing, even for the poor.

The Democrats know that the distribution of incomes is mega-imbalanced, and relieving that is how to pay down the deficit. In the credit scenario, the rich get richer and the poor get richer--but the like Schedule M, and now the Payroll tax holiday: Liberally designed to enrich the market-place to bring down the deficit, or at least create assets of value. The payroll tax is now less regressive. The released spending goes into the marketplace, and debt paydown happens!

The rich still do very well, and can be taxed to bring it all about!

"Crow, James Crow: Shaken, Not Stirred!"
(Her Majesty consented to be taxed, it is known: And soon will lead her little band of merry men(?), out of the forest and down the aisle of Westminister Abbey, itself! Likely however, The source of great legend and ballads will likely not be announced as the welcome inspiration of the evens of that day!)

 

[kyzr]

What he said <I think>

 

[boedicca]

Notice how much the commentators, commedians, clergy, teachers, analysts, bankers, professionals , bureaucrats: Intend human failure wordwide. None of these educated people seem to be aware of the U. S. Federal Reserve Board, Total Credit Market series. This below is just from March, 2011.

What is a $14.0 tril. federal deficit all about anyway? Mostly, the Obama Adminstration is better accused of having stabilized the Total Credit Market at about $52.0 tril. It did that at a paltry cost of $3.0 tril.

In vivid terms, the economy was going more in the direction of the Titantic-Maiden-Voyage mode when the Democrats took over, and now the increase of borrowing and spending is on the rise again.

2006 Total Credit Market Debt--$45.352 tril.
2007 Total Credit Market Debt--$50.042 tril.
2008 Total Credit Market Debt--$52.433 tril.
2009 Total Credit Market Debt--$52.728 tril.
Q1 2009 Total Credit Market Debt--$52.489 tril
Q2 2009 Total Credit Market Debt--$52.311 tril.
Q3 2009 Total Credit Market Debt--$52.261 tril.
Q4 2010 Total Credit Market Debt--$51.923 tril.
Q1 2010 Total Credit Market Debt--$51,937 tril.
Q2 2010 Total Credit Market Debt--$52.265 tril
Q3 2010 Total Credit Market Debt--$52.636 tril

Most of the Republican leadership was in office during the mercurial rise of both the total credit market debt, and the federal deficit spending. Even now, the funding for operations in Libya is not GOP opposed, and is more than $0.5 tril.

If you live in a market economy, badly designed and run: Then borrowing and spending happen.

If you are opposed to that?

"Crow, James Crow: Shaken, Not Stirred!"
(Bring Back HUAC! Bring Back HUAC! There is never a Wisconsin Senate Fanatic Around when you really need one: Likely even able to count the number of colored people at work (in Secretary Clinton's State Department)! The Red Is Everywhere!)

Here's a whack with a clue stick: participants in the private credit markets can't PRINT MONEY to deflate their debt; nor are they legally allowed to mug other people to pay it for them.

 

[Toronado3800]

Interesting thread. I will be thinking about how to weight the situation.

At the very least I am now slightly less worried about the national debt because of the government's ability to deflate our currency.

That comes with drawbacks of course. Hyundai's will be more expensive for Americans afterwards. So will shoes, DVD players, most furniture, memory foam.

 

[boedicca]

Interesting thread. I will be thinking about how to weight the situation.

At the very least I am now slightly less worried about the national debt because of the government's ability to deflate our currency.

That comes with drawbacks of course. Hyundai's will be more expensive for Americans afterwards. So will shoes, DVD players, most furniture, memory foam.

And the 401K retirement savings of many people in the private sector will be worth far less; seniors living on fixed income will risk becoming impoverished or we will need to jack up taxes on young workers to increase the senior SS checks, and on and on.

Inflation is a very cruel tax. I wouldn't be so glib about it if I were you.

 

[kyzr]

Exactly right. Bread costs $4 a loaf now, it might be $40 after another 4-years of "Helicopter Ben". Greenspan fucked-up royally, I hope Ben knows WTF he's doing...

 

[bripat9643]

If you live in a market economy, badly designed and run: Then borrowing and spending happen.

If you are opposed to that?

"Crow, James Crow: Shaken, Not Stirred!"
(Bring Back HUAC! Bring Back HUAC! There is never a Wisconsin Senate Fanatic Around when you really need one: Likely even able to count the number of colored people at work (in Secretary Clinton's State Department)! The Red Is Everywhere!)

I'm opposed to government borrowing because the money all gets flushed down the sewer. Private individuals can do what they like.

 

[bripat9643]

Here's a whack with a clue stick: participants in the private credit markets can't PRINT MONEY to deflate their debt; nor are they legally allowed to mug other people to pay it for them.

I love the way you put that.

 

[mascale]

According to Jesus, in the Bible, money has been bogus for 2000 years. Jesus, the Jewish boy become Hellenist adult, could ask of the money using Jews: Who's picture was actually on the money?

The picture of Ceasar was on the money. It is not on the money now. Clearly, Christian Conservatives will not accept the money. Real Money is in the Bible. They seem to know this.

Instead, in America, we have pictures of really old white people, liberally clothed, and. "This note is legal tender for all debts, public and private."

This is different from the money that the banks issued over 100 years ago. Back then, you could print the money, if you were a banker. Then when the bank failed, the money was worthless.

The United States is far more Socialist, now: And so that no longer happens. Instead, Ronald Reagan created more federal deficit in eight years, than all the former presidents before him. And now Barack Obama is to be actually said, just like him.

Nancy may disagree. Michelle may not, but history is like that(?)!

"Crow, James Crow: Shaken, Not Stirred"
(Her Majesty, of the famous Philadering Family, like has no comment, herself--On the more Socialist version, of the royal household budget!)