Posted on 10/06/2023 9:55:14 AM PDT by appeal2
Wheel barrows on sale at Lowes.................
appeal2 :" Yes we have arrived at that moment, where the debt suddenly rises so fast and becomes unsustainable.
We all knew it was coming, but hoped it never would "
" Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency.
He advised investors to sell long duration bond exposure and invest in short term US government debt.
Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries.
He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying
and is instead selling their balance sheet, adding to the supply from China and Japan "
Lots of people want to buy 30 year government bonds paying 0.5%
“””The shysters (banksters) are the ones who allow the asset bubbles on purpose then pull the rug from the common idiots - gathering the underlying assets of the promissory notes and creating yet another largest transfer of wealth in world history.
History repeats. This one will be worse than 2007/08.””””
I believe we all gasped when Paulson said he was going bail out the banks in 2008 by handing out $700 BILLION.
Fast forward to today and no one seems to blink an eye when TRILLIONS are handed out.
BTW—national debt in Oct 2008 was about $9 Trillion and we are now at $33.5 Trillion.
The real questions is whether the U.S. is alone in facing a Financial crisis or is virtually the entire world showing signs of economic instability. If the world is showing instability which country is in the best position to recover?
For all of our many and serious problems we are less screwed than everyone else. It might be good if their is a major global correction despite the pain...
“Watch the Nikkei is you really want to see this in action. Down 711 one day. Up over 500 the next.”
Excellent point. However, a more accurate statistic would be the percentage change.
A daily swing of 500 points in the Dow is cause for concern when the Dow is at 5000, but not so much when it is at 33,000. 10% versus about 1.5%
Yet bond rates are all up, recently and today.
What “collapse” is he talking about???
Price collapse
“”””Yet bond rates are all up, recently and today.
What “collapse” is he talking about???””””
When bond PRICES go down, bond RATES go up.
He is talking about the collapse of BOND PRICES.
this website is one of the gajillion ones that constantly bombard me with spam ... arrrggg! i hate these a-holes!
“...and questioned who will buy it...”
Enemies, Foreign and Domestic? ;)
Are you referring to the Treasury auctions?
Not sure what you mean by "handed out"?
Point taken - but anything above or below 0.5% is the current market is to be watched - if happening on a regular basis.
It's global. China is the worse. Europe is getting hammered. We're entering the fray.
“BTW—national debt in Oct 2008 was about $9 Trillion and we are now at $33.5 Trillion.”
There’s no way this ends well. :(
Just finished loading up the pantry with home-grown/canned produce. :)
Precious Metals are ‘perking up’ today after a too-long slumber, so something is coming down the pike...
We ARE Argentina. Few on here would ever understand. I don’t have the time nor the will to explain it anymore.
It’s mote like bonds only give a static interest while inflation is skyrocketing past that interest rate, and stock give better returns. People are dumping low interest bonds to get to higher return investments.
Erhh, buy bitcoin rather. I noticed it's been rising lately despite the efforts to tighten the money supply. Swimming against the current to escape what is coming makes sense. Trading worthless fiat cash instruments for other worthless fiat cash instruments does not.
“The rampant demand for the Eurodollar right now shows that nations can’t get enough dollars for international settlement during this global period of monetary deflation.”
If that is true then what is the reasoning for the dollar’s drop today? Talk about inflationary!!! BOHICA! And, it is going to be painful!
The dollar actually jumped to 107 after the release of the NFP report this morning - then investors took time to realize that this will drive treasury yields higher over the coming weeks - causing a drop to down 34 basis points on the day.
Still quite a bit stronger than a month ago...
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