This should be sinking in . . . I think you can figure out where this is leading, and it ain't good. . . Nope, not at all. . .

This from Karl Denninger of the Market Ticker. . .

Record Deficit For An April

You have to love it....

U.S. posts record $82.69 billion deficit in April, 19th straight month of budget shortfalls - Reuters

Nonsense.

Here's the REAL table of numbers from Treasury itself, including the theft from the FICA and Medicare accounts: 

If I did accounting like this I'd go to prison.

$82 billion my butt.  The real number is $175.6 billion, more than double the reported amount, and the cumulative year-to-date (calendar years) is $637.4 billion, or a run rate(annualized) of $1.912 trillion.

Don't believe the reported numbers - as horrific as they are - for a second. 

They're more than twice as bad as are being reported.

Want to know more?  Click here.

If you have money in a bank, treasuries etc. you probably should read this. . .

 The Perversity Of Bank-Driven Policy Response

With odds like these,  who needs Vegas?

If you're wondering why we call them "Banksters",   See, it wasn't just Goldman - it was also Bank of America, Citibank and JP Morgan who scored "perfect quarters."

Now if Goldman's record was predicated on the outcome of a game of chance set of odds and had an 8.67 x 10^-19 probability of occurring, for four of these institutions to do so would be that to the 4th power, or something approaching 5.65 x 10^-73.

As pointed out in the forum by Tsberts, there are fewer than this many particles (atoms, etc) in the known universe.

Want to know more?  Click here.

Yup,  dem banksters done good for dem selves.    Raping and robbing you and me.  When are you going to realize they are not doing you any favors,  they are stealing your children's futures.   They are doing all of this with the blessings of Congress and Senate.   These hearings are a public opera,  a sham.   

There may not be enough time to bury everything but that is what they are going to try to do.  They are going to hang some bodys out for all to see in the public square but the reality is that this was not done so much by individuals but rather by a system set up by individuals who passed banking laws that allow this devastating armed robbery.   

Quit sitting back and taking this crap.   Get up off the couch and shout.  Carry a sign.  Write a letter.   Do a YouTube vid.   Be heard.   Enough is enough.  Dammit.   These politicians and Banksters have been in this together for a long time.   Ask yourself why congress and senate, in general do 20 to 40% better then the general public in the stock market.   

You should be getting very angry right about now.    Collusion.  No other answer.   Yup,  dem banksters done real good.  Hand in hand with the Repub/Dem Mafia!  Talk about organized Crime.   


More on Goldman's perfect quarter. . .
Eric J. Fry, Agora Financial’s Editorial Director
How is this possible? Please permit us to offer a simple explanation: It’s not.


There is something wrong with this picture…very, very wrong. And yet, Goldman trumpets this success as an example of something that is very, very right. “This is the first time we have reported zero trading loss days in a quarter,” crowed Samuel Robinson

“If you ever wanted to see what a monopoly looks like in chart form,” jokes Tyler Durden from Zero Hedge, “here it is:

“The firm did not record a loss of even $0.01 on even one day in the last quarter,” Durden says. “The statistic probability of this event is itself statistically undefined. Goldman is now the market – or, in keeping with modern market reality, Goldman is the ‘house,’ it controls the casino, and always wins. Congratulations America: you now have far, far better odds in Las Vegas that you have making money with your E-Trade account.”

“The rape and pillage of the middle class was not isolated to Goldman,” Durden continues. “JP Morgan also had a flawless quarter. And if the odds of Goldman making 63 out of 63 are virtually impossible in any universe in which risk goes hand in hand with return (but in those in which monopolies are encouraged and bailed out), the coincidence of the two main firms that control the world having a perfect track record is impossible. And since things in reality tend to be zero sum, when everyone makes money, someone may be tempted to ask the question, just who is losing money? And the answer, dear taxpayers, and [Goldman/JPMorgan] clients, is you.”

Got MAD yet?   Click here for the whole story.