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Help! Would someone direct me on how to upload a spreadsheet? Size limits or must they be shared via private email? Trying to post analysis to TSP Millionaires thread.
If it's too big you can try zipping (compressing) it. Are zip files allowed, Tom? Is it also a 500K max?500K is the max for xls and xlsx files.
Well today I looked at the market outlook thread. Lots of interesting talk! Noticed good article posted by Sstasel about debt ceiling coming up soon and noticed it talked about "extraordinary" accounting used by Treasury since May to avoid the debt ceiling... But no specifics on that. Searched web and found concise interesting article with a link to a letter to John Boehner that explains the "extraordinary" accounting.
Of course part of it deals with not fully investing/ reinvesting ( i.e. not funding) CSRS and G fund. See Article and letter below.
So their logic is to not "invest" our new monies or "reinvest" our monies to avoid creating "booked" debt; thereby not recording/creating debt that hits against the authorized debt ceiling. How lovely is that??? Yep.. Real creative. Sounds criminal!
Article on debt limit
Obama Math? Deficit UP $138B In May, Debt DOWN $90B « Rat's Right!
Letter to John Boehner - explains extraordinary accounting
http://www.treasury.gov/initiatives/Documents/Debt%20Limit%205-17-13%20Boehner.pdf
yes I know they have done this before with G fund, but did not know about CSRS.
none of it is funded annie. not detroit, not chicago, not california, not fers, not csrs, not even social security. not a penny in the 'booked' accounts is really a real penny made out of copper or zinc or plated melamine or whatever crap it is they sell you. it's all paper.
sure it gets deducted from your auto-deposit digital paycheck - on paper. and it gets immediately replaced with a bond (on paper) and spent with a promise to pay it back later (on paper). and when future workers work and it comes time to pay your bill you can be sure they will pay you back - on paper. and the more faith and credit, the more paper. which becomes worth less over time (inflation).
but you can't eat paper. well, you can, but it's way less appetizing than shoes.
yes.. Sadly I must agree.. It is all just paper but pisses me off that they screw around with the numbers like that to get around the law.
At least we can take solace in knowing that they cannot touch the funds we put into the S, C, I, and F funds.. Although You do have me wondering about that as well!!! :worried:
so here's the trick about paper: it's only worth what somebody else will pay you for it, but they're going to pay you for it with other paper. that's called the market. so what is paper worth? well that depends, ask lehman brothers or russian investors in cyprus deposits.
so how to win that game? only one way: be your own central bank. generate free money but realize the value now and pay back the balance later in neccessarily cheaper dollars. but this only works if you are ok with working up until the day you die, that way you only pay the piper once. fortunately he'll settle for whatever you got left. i regularly borrow from my tsp and either buy physical assets that will be of actual value later or enjoyment now. 50% my 'money' in plus 50% gov free paper in minus my 'money' out via loan at ~2% interest, such that the vast majority of my tsp balance is free 'money'. and when i pay off the loan to myself with cheaper dollars provided by the massive paper hangin' u.s. treasury then i do it again. now i'm ok with spending all my money now. and if they ever pay me what free money of theirs they say i am due (on paper), then i'm ok with that. and if they don't i'm ok with that too. same goes for fers and social security. but i won't lose any sleep if they don't. it was free after all in the first place. you can not lose something you never had. especially if it was made of paper.
i do not recommend this strategery to anyone. but if you think you will receive fair value out for everything got promised was put in then you got another think coming. there's too many who didn't put in that expect the same amount for free, and they vote.
when i look in the mirror i see ben bernanke. i use current free assets to gaurantee tomorrow's liquidity which i plan on paying with a future revenue stream generated by someone else's money. and it's all free paper. actually that's not entirely true., when i look in the mirror i see kim bassinger standing over my shoulder in a catwoman suit and i wish she'd shave. but she reminds me of ben bernanke and that's a whole 'nother story.