Posted on 09/17/2009 9:30:18 AM PDT by Kartographer
The Treasury Department said Thursday it will issue $112 billion in notes next week. A record $43 billion in 2-year notes will be sold on Tuesday, followed by $40 billion in 5-year debt on Wednesday. The final offering will be $49 billion in 7-year notes on Thursday. The amounts are each $1 billion more than last month -- the most ever for each security -- and in line with estimates of some of Wall Street's biggest bond dealers. The government will also sell $85 billion in shorter-term bills. After the announcement, 2-year note yields, which move inversely to prices, remained up 1 basis point on the day, at 1%, the highest this month.
(Excerpt) Read more at foxbusiness.com ...
Time to buy stock in ink and paper.
down goes the dollar, again ...
I suppose liberals don’t think this affects them.
Treasury To Buy $112 Billion In Notes Next Week
I was watching Beck yesterday and it appears the government is buying its own bonds.
Who is buying them? Us?
The list, ping
I was talking to my wife this morning about possibly puting our kids college savings into metals (not gold)
FIRE-UP the printing presses boys and full steam ahead!!!!!
I wonder if the heat generated from the presses will increase global warming?
The Feds are running a deficit of 1,500 BILLION this FY so, sadly, this is just a drop in the bucket of what they’re borrowing.
Of course liberals don’t think this affects them. It just gives more “wealth” to spread around. It’s not like pimping the printing press has hurt Zimbabwe or anything. /sarc
I guess the Hoover dam and Yellowstone will be put up for collateral and have a lien placed on them soon...
This is gonna be real interesting, because the G-20 is meeting this week and I wonder what they have planned.
So we will owe ourselves all this money. I wonder if we will forgive ourselves like we do everyone else.
LOL - good one.
>> I guess ... Yellowstone will be put up for collateral
... you mean “Yerrowstone People’s Park”?
Correct.
They’ve been doing this for awhile now. The pc-term for this is called Quantatative Easing (QE).
QE is fed-speak for PRINTING MONEY OUT OF THIN AIR, because China, Japan and The Petro-Arabs can’t or won’t buy U.S. debt like they used to just a year ago.
So, the U.S. now buys the U.S.’s debt. What could go wrong?
and who in their right mind is going to buy these???
I wonder what interest you have to offer to sell them?
Isn’t this the same as a check kiting scheme which is against the law ... writing a check from one account to another and neither have any money?
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