The US debt crisis is OVER!!!!

Discussion in 'Markets & Economies' started by Old Codger, Aug 1, 2011.

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  1. Old Codger

    Old Codger Active Member Silver Stacker

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    I know this is true because the girl on 'Sky News' TV said so.

    Now that the debt ceiling is raised, then the US Treasury can sell a trillon or three of new US Treasury Bonds. I wonder who will buy them, the Chinese? The Japanese? OPEC? The ECB?

    The Australian RBA? I doubt it!

    That will leave that Ben Bernanke bloke at the Federal Reserve, he has LOTS of money!! After all his printing press has been going 24/7 in anticipation of the go ahead, and he will need to load up the trucks with $100 notes and send them to the Treasury.

    "happy days are here again".



    OC
     
    Old Codger, Aug 1, 2011
    #1
  2. perthsilver

    perthsilver Member Silver Stacker

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    perthsilver, Aug 1, 2011
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  3. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Definitely not over, only just begun.
     
    RetardedMonkey, Aug 1, 2011
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  4. null

    null Member

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    What a strange world. We have a customer who maxed out on their credit card, can't pay back even the interest? And now everyone feels a sigh of relief that the customer gets a credit limit raised??? and is able to spend again....
     
    null, Aug 1, 2011
    #4
  5. hiho

    hiho Active Member Silver Stacker

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    funniest thing I've read in a while
     
    hiho, Aug 1, 2011
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  6. BBQ

    BBQ Member

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    Yes, we have confidence that YOU, as a tax-payer, will be able to repay that customer's debts (and your kids kids, and their kids kids). We also trust that you will fight for us bankers and military industrialists on whatever new cause we create for you to fight for.

    Thank you, come again.
     
    BBQ, Aug 1, 2011
    #6
  7. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    I'm writing a song atm - it's called and the can keeps on a rollin rollin rollin down the street (thinking about getting Tina Turner to sing it).
     
    Smoothcriminal, Aug 1, 2011
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  8. Ouch

    Ouch Active Member

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    Raising ceiling from 14.3 to 16.4/16.5 trillion in stages.
     
    Ouch, Aug 1, 2011
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  9. thatguy

    thatguy Active Member

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    silver is tanking as expected
     
    thatguy, Aug 1, 2011
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  10. fishball

    fishball New Member Silver Stacker

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    Pt and Pd are going up which is interesting.

    Au and Ag are going down.

    Separates the "Safe Haven" metals and the "Industrial" metals imo ;)
     
    fishball, Aug 1, 2011
    #10
  11. goldpanner

    goldpanner New Member

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    Price in pms is falling as expected after decision is made - short period of relief about US not defaulting.
    This could be last buying opportunity before the steady climb back up which is in my opinion inevitable as the debt crisis has not really been solved!
    Only problem is in guessing how low pms will go?
     
    goldpanner, Aug 1, 2011
    #11
  12. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=RUDc1frz22E[/youtube]

    Seems oddly appropriate:

    It's been days now
    and you change your mind again
    it feels like years
    and i can tell how time can bend your ideas

    and the boys go on and on and on and on
    and the boys go on and on and on and on
    and there's gold falling from the ceiling of this world
     
    Smoothcriminal, Aug 1, 2011
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  13. Old Codger

    Old Codger Active Member Silver Stacker

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    I wonder if Ben Bernanke has his printing press set on 'HIGH'.
     
    Old Codger, Aug 1, 2011
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  14. Guest

    Guest Guest

    Excellent buy signal.
     
    Guest, Aug 1, 2011
    #14
  15. systematic

    systematic Well-Known Member

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    OC

    the printing press has been turbo charged
     
    systematic, Aug 1, 2011
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  16. garmag

    garmag Member Silver Stacker

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    Makes me think a bigger plan is in play.
     
    garmag, Aug 1, 2011
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  17. Old Codger

    Old Codger Active Member Silver Stacker

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    Yep,

    Put off the evil day until enough inflation can be generated in order to EASILY pay off the >US$14.3 trillion.

    Soon!
     
    Old Codger, Aug 1, 2011
    #17
  18. thatguy

    thatguy Active Member

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    certainly is BUT who is the driver of these plans? The answer is not what everyone thinks
     
    thatguy, Aug 1, 2011
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  19. Diablo21

    Diablo21 Member

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    Congratulations to all the hard working congressmen from both sides for coming to this historic agreement. We can all breath easily now - jobs will be back, Hummers will be back in fashion, and housing prices are going to start going up!!

    :p
     
    Diablo21, Aug 1, 2011
    #19
  20. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    And if you play a country music record backwards your dog comes home, your wife comes back to you, your farm mortgage gets paid and your pickup truck starts working again.
     
    Shaddam IV, Aug 1, 2011
    #20
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