The biggest wet blanket to date.

Don't bother with the back story - it's just there so you know I didn't pull this out of my ass. Just read the last line - the one in bold.

John Williams of www.shadowstats.com notes that official US deficit statistics do NOT include net present value of unfunded social security OR Medicare expenses. A lot of folks have made a big deal about the US running a $1 trillion deficit this year. Well, if you included the net value of those unfunded Social Security and Medicare expenses we cleared a $1 trillion deficit in 2007, a $5 TRILLION deficit in 2008 and are on course to clear a $9 TRILLION deficit this year.

To give you an idea of how big a problem these deficits are, consider that the US government could tax its citizens 100% of their earnings and NOT have a balanced budget.

Let me explain in simple fucking english for you:

The US government could tax its citizen at 100% of their earning and NOT have a balanced budget.


What? You want a picture?



For fuck's sake. Shit like this makes wet blankery no fun at all.

Seeking Alpha: the coming economic collapse

GREETINGS AND KINDEST FELICITATIONS, PEOPLE OF AMERICA, MY NAME IS BARRACK HUSSEIN OBAMA AND I WRITE TO YOU WITH GREAT SORROWNESS IN MY TIDINGS

GREETINGS AND KINDEST FELICITATIONS, PEOPLE OF AMERICA,

MY NAME IS BARRACK HUSSEIN OBAMA AND I WRITE TO YOU WITH GREAT SORROWNESS IN MY TIDINGS. DUE TO AN UNFORESEEN ACCIDENT OF A CALAMITABLE PROPORTION, THE ECONOMY IN MY COUNTRY IS IN GREAT SHAMBLES AND WE ARE IN A TIME OF GREAT TROUBLES.

HOWEVER THROUGH CALAMITY COMES ALSO PLENTIOUS OPPORTUNITIES. THROUGH MY GOVERNMENTAL POSITION, I HAVE ACQUIRED ADVANCED KNOWLEDGE ON NUMERABLE EQUITY POSITIONINGS THAT ARE GUARANTEED TO RISE IN VALUE OVER THE COMING TIMES TO AN AMOUNT OF 500% (FIVE HUNDRED PERCENT, UNITED STATES PERCENTAGES), THAT I GREATLY WISH TO PASS ON TO YOU, IN ORDER THAT YOU MAY PROFIT AND PROSPER FROM MISFORTUNE OF OTHERS.

BUT, THERE IS, IN MY PATH A PROBLEMATIC ISSUE THAT COULD PREVENT ME FROM PASSING ON THIS VALUABLE KNOWLEDGE WITH WHICH I REQUIRE YOUR COLLABORATIVE ASSISTANCESHIP. TO THIS END: THE LIST OF EQUITIES (STOCKS) THAT WILL BE ON THE UPRISING IS SO LARGE THAT I NEED YOUR FINANCIAL SUPPORT IN PAYING FOR THE LONG PHONE CALL THAT IS REQUIRED TO INFORM YOU OF THE PENDING INCREASE IN THEIR VALUE.

TO HELP ME, PLEASE WIRE DEPOSIT 700 TRILLION DOLLARS IN THE FEDERAL RESERVE BANK OF THE UNITED STATES OF AMERICA, THAT I WILL BE IN THE ACCESS OF USING THE FEDERAL UNION TRANSFER WIRE TRANSFER, IN ORDER THAT I CAN ACQUISITE THE REQUIRED FUNDS TO PAY FOR THE EXTENDED LONG DISTANCE CALL TO YOU FROM MY LOCATION.

OF NOTICE TO YOU (ATTENTION PLEASE) - I AM NOT IN THE COMPLETE UNDERSTANDING OF THE AMOUNT IN WHICH I WILL NEED IN ORDER TO MAKE THE CALL TO YOUR LOCATION. AS SUCH I AM IN THE CHOOSING OF 700 TRILLION DOLLARS BECAUSE I WISH TO CHOOSE ‘A SUITABLY LARGE NUMBER’, AND SO FORTH ANY LEFT OVER FUNDS WILL BE RETURNED TO YOU WITH PROMPTNESS AND GRATITUDE. ALSO I MUST SAY, THOUGH I AM CERTAINLY MOST ASSUREDLY POSITIVE THAT IT WILL NOT COME TO PASS, BUT I MAY BE IN THE NEEDING OF MORE FUNDS IN ORDER TO COMPLETE THE TELEPHONICAL CALL TO TELL YOU OF THE EQUITIES (STOCKS) IN WHICH THERE IS SURE TO BE A 500% RISE.

PLEASE REPLY TO MY HOTMAIL ADDRESS WHERE INSTRUCTIONS ON HOW TO DELIVER THE MONIES TO MY FEDERAL RESERVE ACCOUNT BANK, SO THAT I CAN BEGIN THE DELIVERY OF THE NAMES OF THE EQUITIES (STOCKS).

I WAIT IN HUMBLE SUPPLICATIVENESS FOR YOUR GENTLE RESPONSE.

THANK YOU AND GOD BLESS YOU AND KINDLY PLEASE YOU.

BARRACK HUSSEIN OBAMA

(written in response to Obama’s statement that “now may be a good time to buy stocks”, a month or so ago. You are thinking 'ooh but look at all the green shoots! He was right! Yeah? Well go talk to you grandmother about how things felt before it all fell apart in 1929. No, fuck that: talk to her about the stories she was told by >her<>real< great depression)

Happy joy unicorn land

In happy joy unicorn land, the nice asian man next door has kindly asked that we stop borrowing his lawn tools and kitchen equipment, since if we insist on using our hats and shoes as cooking pots and chopping up our furniture for firewood, he is concerned that he won't ever see again the nice things he lent us for our barbecue last summer.

Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source. End of Story

Marketwatch (HONGKONG)