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- Dominea, on 08/01/2008, -31/+725Holy *****! This really puts things into perspective.
- JBabin3xB, on 08/01/2008, -14/+511wait... how do you fix that?
- crazzy88ss, on 08/01/2008, -17/+484gg
- blankoboy, on 08/01/2008, -81/+545Different puppet, same story. Keep dreaming about change though.
- allaboutdatiki, on 08/01/2008, -17/+400need a few zillion billion? don't worry, we'll print more!
- scoot2006, on 08/01/2008, -14/+332Guys, don't worry. We got 600 bucks from the stimulus plan!! /end sarcasm
- inactive, on 08/01/2008, -69/+332Proof America is now a Banana Republic
- MarcusJMcLean, on 08/01/2008, -113/+370January 20, 2009...Can't wait!
- Teh1337Pirate, on 08/01/2008, -8/+261This is how ****** we are!!! "Page can not be displayed" OH ***** I DID'NT REALIZE IT WAS THAT BAD!!!
- b4cheung, on 08/01/2008, -2/+222I DECLARE BANKRUPTCY!
- jeessy, on 08/01/2008, -16/+221Mirror : http://rapidpik.com/original/2516/6sskp
- krolm, on 08/01/2008, -35/+233FUUUUUUUUCK
- bluvapor, on 08/01/2008, -145/+340thanks bush
- Neoanarchist, on 08/01/2008, -6/+182Print a $200 billion bill? Put Dick Cheney's face on it hahah.
- TheG2, on 08/01/2008, -10/+157I like their clothes, but sometimes they're just too expensive :
- colihondro, on 08/01/2008, -11/+157Your
- cyborg, on 08/01/2008, -18/+146I've seen graphs before......but this one demonstrates the situation best. Good source too
- metalpres, on 08/01/2008, -3/+115Nice graph, just out of curiosity though does anyone know the value of a dollar in current time (before its crash) to what it was back in 1910 at the start of the chart? cause there is some small waves at the beginning of the line implying a few billion. if 5 billion back then is equal to 100 billion now.... then the chart doesnt look quite so impressive. If anyone knows the data for that please share.
- sambapati87, on 08/01/2008, -18/+122This is misleading -- is it adjusted for inflation? Probably not.
Graphs like this are a great way to "put things in perspective" but it's also easy to make that perspective fit whatever you're trying to say. - itsJALbert, on 08/01/2008, -17/+118WTB same graph, adjusted for inflation.
- gamebittk, on 08/01/2008, -13/+98$200 billion borrowed from the fed? Well this had better work!
- snyper, on 08/01/2008, -10/+92Except for the fact that borrowing from the Fed shouldn't be logarithmic, we're not breeding fruit flies here.
- cr250guy, on 08/01/2008, -20/+99anyone else notice this graph has a striking similarity to the "inconvenient truth CO2 emissions" graph?
- sodoh, on 08/01/2008, -4/+83Actually the problem is that a lot of people are waiting for Jan 20, 2009 instead of actually doing something now!
- dafragsta, on 08/01/2008, -12/+85OK, while I hate the fiat money system, did anyone actually read the ***** NUMBERS next to the graph? $150B? Really? That's all this is about? Anyone care to calculate the GDP of the united states again? Last I checked, it was in the TRILLIONS. What they are doing is not responsible, but it's not ***** doomsday just yet. I would like to seem a similar graph with defense spending overlaid on top.
- cobophers, on 08/01/2008, -43/+116(hill billy accent) I don't know what your trying to say here with your fancy tables and your blue lines.....but if you take my guns away I'm gonna have to take you out to the shed.
- Andrwmorph, on 08/01/2008, -58/+129Keep writing angry internet posts about how nothing will ever change from the comfort of your computer chair.
I still have hope for the country. - binorgog, on 08/07/2008, -7/+70Screw January 20, 2009, December 21, 2012 FTW!
- markhiler, on 08/01/2008, -7/+69...at least admits there's a bad problem
- Triplastic, on 08/01/2008, -16/+76If the (Billions of Dollars) side went up to 1000 instead of 200 it wouldn't look that bad.
- thailand1972, on 08/01/2008, -35/+94Well said - Obama is just an opiate for the masses.
- adjustafresh, on 08/01/2008, -27/+86Wish I could vote your comment up more than once.
- bsmeteronhigh2, on 08/01/2008, -17/+75There are times when one wishes the graph was caused by a wayward ink jet scooting across the page owing to some sort of computer glitch. Pity, that is not the case.
- devinmurphy, on 08/01/2008, -0/+57Well i've been toying around with an inflation calculator.
If that first hump is around 1920, and if we say it's about $5B, then today that would be around $54.7B.
The spike at about 1930, i'd say is about $2B, which today would equal out to around $26.2B
Lastly the spike in 1985 if we assume is about $10B, then today would be worth around $20.3B
So regardless of inflation ~$170B is an ass load of money.
Here's the link to the inflation calc. if you wanna do some of your own work: http://www.coinnews.net/tools/cpi-inflation-calcul ... - DAVENP0RT, on 08/01/2008, -2/+57It's not our problem, it's our children's problem, and their children's problem, and so forth. As long as the debt is passed on it's okay.
That is the accepted sentiment, right? - DigitalQuartz, on 08/01/2008, -0/+54Ok, here's the logarithmic version:
http://research.stlouisfed.org/fred2/fredgraph?cha ...
Still a nasty looking spike on the end of that. - ColonelJessup, on 08/01/2008, -20/+74Here we go again with the digg.com economic professors.......................
- kelmaster1, on 08/01/2008, -1/+54I love how recessions are grayed. Won't take long for the latest one to get grayed out. Too bad both of our candidates are pro-Fed.
- eigenweasel, on 08/01/2008, -3/+50Stoke massive inflation thereby degrading the real value of the loans. Or abolish fractional-reserve banking.
As a non-US citizen, my personal advice would be "form more effective militias and stop letting your bankers and their politicians take the piss out of you". - wstrucke, on 08/01/2008, -45/+92Ron Paul
- inactive, on 08/01/2008, -0/+45Thank you Mr. Scott.
- Yousty, on 08/01/2008, -10/+53I love how you're being dugg up even though you obviously have no idea what you're talking about.
Majority of diggers: "Wow, his comment uses big words that I don't understand. DIGG!" - wibs, on 08/01/2008, -5/+47THIS GRAPH IS CRAP.
They never borrowed before because the Fed only allowed investment banks to borrow about a year ago. So the numbers from 2 years ago have no relevance because the rules are different.
Basically what this graph shows is $180 billion of borrowing at extremely generous terms to institutions that make their money by borrowing at better terms than they invest. $180billion sounds big but remember we're talking about investment banking - relatively speaking it's a blip.
Where this IS relevant is the Fed's response to the Bear Stearns collapse, when investment banks were feeling the squeeze and the Fed threw money at them to give the market some liquidity. But that just happened and is not displayed in this graph.
And, as others have pointed out, this is logarithmic data displayed on a linear chart - grossly distorting it.
In general, if something appears this sensational, it's probably been sensationalized. - WSPanic201, on 08/01/2008, -15/+57He actually lost the popular vote by more than 500k votes.
- DAVENP0RT, on 08/01/2008, -11/+52Blame Bush, definitely, but does no one seem to realize that it was the Democratic Congress that legislated this mass debt-maker? It frustrates me when people complain about big government spending, but then chant the praises of politicians that legislate enormous programs that swallow tax dollars with promises of "aid."
- MelvinSchlubman, on 08/01/2008, -3/+41Yet *another* end of the world?! I'm 51, and I've somehow survived about eleven of them. (I wish I had been keeping count.)
- bosssmiley, on 08/01/2008, -4/+41That's been working so well in Zimbabwe (heck! everyone there is a billionaire now) it's bound to work in the civilised world too. :-
- SpacePoet, on 08/01/2008, -0/+35It's also very similar to the distribution of wealth chart.
- flossdaily, on 08/01/2008, -4/+39While I find suddenly rising graph lines as terrifying as the next person, can anyone explain why this is a bad thing rather than a new thing?
- cardshark69, on 08/01/2008, -12/+47At the same point racism ends
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