Posted on 11/02/2009 8:23:26 AM PST by FromLori
Edited on 11/02/2009 8:24:39 AM PST by Admin Moderator. [history]
The Treasury has been announcing record debt auctions, and yet we see little in the form of increasing interest rates to attract buyers to these securities that are still somehow gobbled up. The Fed's balance sheet, of late, doesn't seem to account for it, as any buying they are doing seems to be sterilized. Are the Chinese so insane that they are buying up anything the Treasury throws up in the air? It appears not.
(Excerpt) Read more at economicpolicyjournal.com ...
Us.
The banks are hoarding cash because they know who crappy their loans are. They need the cash to keep up with the increasing book of defaulted and non-performing loans.
The FED
There are some interesting carribean banks holding about 200 billion in Treasuries.
Any ties to Hugo?
That’s probably where the stimulus money is going.
Not me. Uncle Sam’s a deadbeat, and I know it. The debt being accumulated now will not be repaid in any real sense; we can’t even afford the interest.
It is just maddening those people have no clue this money is stolen from others or better yet they don’t care they somehow think it is their right!
The Federal Reserve is printing money and “buying” debt.
The government is monitizing the debt. Not good. Hyperinflation here we come.
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