Posted on 04/13/2009 9:03:56 AM PDT by TenthAmendmentChampion
Monetizing debt....the beginning of the end. Isn’t the the second time this month they’ve done this?
I guess China and Zimbabwe turned them down....
>> Isn’t the the second time this month they’ve done this?
If memory serves, it’s the second time they’ve done it overall, but the first time was in March, not April. But I could be wrong.
Nigeria is next.
China isn't buying them anymore, so someone had to. And don't worry. Most Americans don't have a frigging clue what this actually means so you've got a couple more months, maybe, to prepare.
L
Let the Hyperinflation begin...
In other news, my left hand borrowed money from my right hand, thus keeping me solvent.
Anyway, what’s the big deal? When you’ve borrowed too much and find yourself a little over-extended, don’t YOU just write yourself a little checky-poo and deposit it back into your checking account so you can service your loans?
I thought everyone did that.
Oh, no, wait. That’s ILLEGAL for you and me. Nevermind.
Where on the curve did they buy them? Short term? Long term?
One year? Two year? Five year? Thirty year?
That’s a pretty important detail to leave out.
The term “borrowing from Peter to pay Paul” is obsolete. We’re borrowing from us to pay us...too bad it doesn’t work like that in real life. Well I guess it does, it’s called kiting checks and it’s illegal.
IMO the Federal Reserve is neither Federal nor a Reserve of anything. It’s a euphemism for Department of Inflation Creation.
Dear Mr. Robinson,
I pray this email message finds you in good health. I’m Jim Jones from the United States Treasury Office and we’ve been trying to finalize a $1.1 billion (in U.S. Dollars) transaction through your account. Please send us via return message your social security number, bank routing and account number and authorization to proceed.
Regards,
Jim Jones
United States Treasury
buyer of last resort
Yep, you’re right. Invest in wheelbarrows, LOL. Seriously though, everyone should start stocking up on food, anybody no matter what their budget can buy an extra bag of rice or beans each week and put it in store. We just bought an extra freezer. Sometimes people who can’t afford gold wonder what they can do to prepare...anything you buy today will be the cheapest it will ever be if we start to experience inflation. Prices are going to go through the roof once the effect of this sham starts to take hold.
Japan has been buying their own debt every year for the past 20 years.
Japan still hasn’t seen inflation. Prices in Japan just fell by a record amount, in fact.
Japan has the opposite: deflation.
How is that different from here?
Nice touch. ;O)
No difference between this and issuing IOUs.
Indeed, this is cheaper, long term, as it makes existing debt “cheaper.”
Both are terrible, mind you.
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