Tuesday, November 05, 2013

Taper Anyone? China, Interest Expense On The U.S. Debt Outstanding And Gold. GLD, MUX, TNR.v, GDX

  
ZeroHedge.

  US Dollar is running wild today trying to understand the FED's talk. "We will taper at some point data permitting, but will keep ZIRP until 2016 now" - with this kind of double talk from the both sides of the mouth anyone can get confused very soon. What is the best cure from the Taper Impulsive Disorder?  - Higher Interest Rates. ZeroHedge reports that they are moving up fast with the first sign of Taper confusion in the headlines and below you can find the reason why it is impossible to Taper anything now. 
  Amount of US debt is so huge at 17.1 Trillion, that interest expense is one of the largest on record even with record low interest rates and stands at 415.7 Billion in 2103. Now double it and apply to US Economy general statistics, then do the same after listening to John Williams from shadowstatistics.com about the real numbers. We guess that Chinese have run these numbers long time ago and buying all physical Gold now they can get.



Gold Catalyst - John Williams: Very Serious Trouble in this Next Year - Weaker Dollar and Hyperinflation GLD, MUX, TNR.v, GDX


Bankrupting America:


National Debt: $17.1 trillion
Debt per American: $53,915(source) Debt per Household: $148,876
Net Interest on the Debt: $415.7 billion   


Budget Deficit (September): $75.1 billion surplus
Budget Deficit (FY2013): $680.3 billion
Budget Deficit (FY2012): $1.089 trillion
Consecutive Months of Budget Deficit: 0
Revenue (FY2013): $2.8 trillion
Spending (FY2013): $3.5 trillion


TreasuryDirect:


Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:
Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.
The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 168KB, uploaded 10/04/2013).
Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from theAdobe Website.
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Interest Expense Fiscal Year 2013
September$19,843,542,012.01
August$25,487,831,947.93
July$25,076,777,459.95
June$93,031,790,187.97
May$24,378,480,861.09
April$35,951,751,963.63
March$23,472,400,737.30
February$16,901,310,565.17
January$17,816,590,831.57
December$95,736,594,801.52
November$25,068,968,472.99
October$12,922,741,407.27
Fiscal Year Total$415,688,781,248.40
** Due to a change in the accounting method for the Department of Defense (DOD) market-based securities, a one time adjustment of $75 billion decreased the Interest Expense on the Public Debt for the month of July.

Available Historical Data Fiscal Year End
2012$359,796,008,919.49
2011$454,393,280,417.03
2010$413,954,825,362.17
2009$383,071,060,815.42
2008$451,154,049,950.63
2007$429,977,998,108.20
2006$405,872,109,315.83
2005$352,350,252,507.90
2004$321,566,323,971.29
2003$318,148,529,151.51
2002$332,536,958,599.42
2001$359,507,635,242.41
2000$361,997,734,302.36
1999$353,511,471,722.87
1998$363,823,722,920.26
1997$355,795,834,214.66
1996$343,955,076,695.15
1995$332,413,555,030.62
1994$296,277,764,246.26
1993$292,502,219,484.25
1992$292,361,073,070.74
1991$286,021,921,181.04
1990$264,852,544,615.90
1989$240,863,231,535.71
1988$214,145,028,847.73

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