The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/13/2010 7:55:08 PM PST by harygarfield
Today the Fed bought up 9.7 billion in US Treasury bonds. From what I understand of the bond market is that the Treasury issues bonds at a specific starting interest rate and gives them to the Fed and the Federal Reserve sends over cash in exchange. If there are high demands on bonds then the rate will go lower, if there are low demands on the bonds the rate goes up. Last week after the Obama tax cut deal with the Republicans, the bond market had a huge sell off which rose interest rates almost .5%. This is a big deal because people's mortgage payments go up based upon these interest rates. Today the Fed bought up bonds which dropped interest rates a little lower.
(Excerpt) Read more at hegrins.blogspot.com ...
"Feeling good, Louis!"
Who knew that destroying a once great economy could be so easy?
It’s not really that easy. It took about 60 years to put us this far in debt. This is what happens when you get away from core values. The depression generation knew not to use credit because they lived through the consequences, the baby boomers don’t know what hard times are, and my generation is going to be the ones who pick up the pieces, then the cycle starts all over again. This is just another case of history repeating itself again. This will be our 3rd currency collapse since the country started, the last being the greenback. The only thing is we’re centralized so more of us will starve.
Just say thank you Paul Warburg, who started the Federal Reserve, a german who started at 18 for Rothschilds Bank in London, and came to US and became a US Citizen, got elected, then stated in Senate ‘that we will have a global world government, and there isn’t anything you can do about it”......and Warren Wilson signed it into law. Without the Federal Reserve Bank, and CFR, economies, inflations, and recessions would not be controlled using our taxpayer dollars.
It already started to burst, in slow motion. It won’t be pretty.
Did The Ben Bernank buy these bonds from the Goldman Sax?
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