Posted on 11/09/2009 1:30:51 PM PST by Kartographer
The Treasury Department sold a record $40 billion in 3-year notes /quotes/comstock/31*!ust3yr (UST3YR 1.35, -0.01, -0.59%) on Monday at a yield of 1.404%, the first of three major government-debt sales this week.
(Excerpt) Read more at marketwatch.com ...
hahaha! Who are the suckers that’s buying at THAT rate?
Yikes! If there are still chumps out there willing to buy into this ponzi scheme, why didn’t they sell a couple of trillion or twenty trillion?
We are. Our own Federal Reserve, that is. Who else?
Ahem.
First, check out Fed purchases -- including the ones laundered through friendly foreign central banks.
Next, check out bank balance sheets -- particularly the ones where the Fed is loaning the financial institution 90 percent or so of the book value of their non-performing assets.
Then go look in a mirror.
The Federal Reserve. They just print the money up and hand it to the Treasury. Must be nice to be able to print all the money you want.
Ahem.
First, check out Fed purchases -- including the ones laundered through friendly foreign central banks.
Next, check out bank balance sheets -- particularly the ones where the Fed is loaning the financial institution 90 percent or so of the book value of their non-performing assets.
Then go look in a mirror.
GLD or UGL
so you’re saying...we borrow to ourselves?
The Fed didn't buy these bonds...individuals and countries did...at 1.4%.
Looks like many are hedging against DEFLATION, not inflation.
My information is that some friendly countries did buy only to turn around and sell them to the FED.
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