Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Paul Ross; 1rudeboy; mjaneangels@aolcom; BeHoldAPaleHorse
where you misrepresent me

You were misrepresented? Was it when you posted and defended an article that called the leases "American assets"?

Were you misrepresented when you said the "Federal Reserve set the interest rate on Treasury bills"? Were you misrepresented when you claimed the Federal Reserve "delayed, deferred, and reduced sales" before an auction?

You know what an auction is, don't you? It's a process where someone bids for an asset. That's the opposite of what happens when a price is set by a government entity.

122 posted on 09/08/2006 11:22:23 AM PDT by Toddsterpatriot (Why are protectionists so bad at math and reading?)
[ Post Reply | Private Reply | To 121 | View Replies ]


To: Toddsterpatriot
Was it when you posted and defended an article that called the leases "American assets"?

The ports are in the U.S., the terminals in those ports, and the leases are within our jurisdiction, and are our assets. Your distinction that the leases, formerly held by P&O were "British" is actually a misnomer. They were AMERICAN leases. And definitively AMERICAN assets, held by a foreign entity. That's why CFIUS had to review the transaction in the first place. No matter which rule of bookkeeping is used, you flunked. The evidence was that the characterization was not inaccurate. And you can't beat that evidence, can you? You are still chasing your tail and barking...trying to confuse casual readers who are not versed in your phony rhetorical deceit.

Were you misrepresented when you said the "Federal Reserve set the interest rate on Treasury bills"?

Have you read how they actually can buyback, and they can use their own bids to rig things? Or perhaps you are just ignorant. How about the fact that whatever they have set as the domestic price, they use as the SET foreign price for issue? Not an auction for them at all. E.g.,

Now, T-notes, like all Treasury securities, are sold at a single price auction. The practice of awarding winning bids at multiple prices has been discontinued.

.....

FOREIGN-TARGETED NOTES

In October 1984 the Treasury instituted securities designed especially for foreign institutions and foreign branches of U.S. banks who certify that, on the day of issuance, they will place these notes only with non-U.S. citizens. After a 45-day period, foreign investors may exchange these notes for comparable domestic issues, or sell them to U.S. citizens. The Treasury sets the interest rate according to the results of the auction of the companion domestic issue and provides book-entry form during the 45-day waiting period. Afterwards, the Treasury makes registered notes available.

I'm sure you will try and obfuscate the casual connections inferrable from the following relationships that are manifested over time:

Were you misrepresented when you claimed the Federal Reserve "delayed, deferred, and reduced sales" before an auction?

Maybe you should review actual history of the conduct of the Treasury...if anything, I understated their manipulations:

In October of 2001, the Treasury Department Decided to suspend the issuance of the 30 - year bond inflation - indexed bonds.

You know what an auction is, don't you? It's a process where someone bids for an asset. That's the opposite of what happens when a price is set by a government entity.

The bids are kept confidential, and the acceptance is at the government's decision. And buybacks are also according to their election. The tracking of the treasury rates in sequence with the open funds discount and mortgage rates...which is set by the FOMC... is of record.

125 posted on 09/09/2006 10:54:56 AM PDT by Paul Ross (We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
[ Post Reply | Private Reply | To 122 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson