[Eagle50AE]

More information that’s flying under the SRM radar..

August 6, 2009

http://market-ticker.denninger.net/archives/1304-BLATANT-Monetization-Uncovered.html

[nw_arizona_granny]

When it sinks in to the market’s consciousness - we had two failed Treasury Auctions last week, both 5 and 7 year, yet we intend to try to borrow ANOTHER $400 billion next quarter and nearly $100 billion this coming week - the consequences could be extremely severe.<<<

That is as scary as it can get.

Thanks for your link to the article.

http://market-ticker.denninger.net/archives/1304-BLATANT-Monetization-Uncovered.html

[CottonBall]

Scary.

The better way to get rid of the debt is to start again with a new nation. One that sticks to the Constitution as written.