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 ...
what could go wrong?
lol.
everything
What do you mean, "it appears"? That is exactly what they are doing!
They have plans for a panda reserve already drawn up.
It sure isn't China, Russia, or any other country. We are just printing money that has absolutely no value, which dillutes the value of what's in cerculation. This is what causes hyper inflation, yet some out there think we are going to have deflation.
Another millstone around America’s neck.
>> 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?
Sure it is. Try it yourself if you don’t believe me. They’ll lock you up and throw away the key.
But the Federal government crooks are special. They got away with embezzling all the funds in the Social Security and Medicare “lock box”... which emboldened them to attempt even more lucrative white collar crimes!
If nobody else shows up to bid, the primary dealers will buy them.
Then, a couple of days later, the Fed will quietly sneak in the back door and buy them from the primary dealers with printed dollars.
It's already happened a couple of times this year.
From what I've seen of them, they don't care if their life sucks, just as long as everyone else's does too.
>> They have plans for a panda reserve already drawn up.
Pandas are cute! I’d like to visit Yerrowstone someday and see them. I hope I can scrape together the $20,000 (in gold, no paper please) that a ticket will cost in a few years. Do you think I’ll need a chinese visa?
>> From what I’ve seen of them, [liberals] don’t care if their life sucks, just as long as everyone else’s does too.
NAILED IT
National Parks, Forrest Serivce land, Bureau of Land Management land, National Monuments, etc. have been used as collateral on the national debt for years.
So, who’s buying?
The Chinese and the Saudis would be NUTS to invest in this check-kiting scheme. They hold the paper, while the Treasury scurries around to round up enough money to cover the interest on the LAST sale of fiat money dumped on the world market.
The world is crossing a chasm on a rope bridge, and somebody is over there on the other end chopping off the rope where it is anchored. Looking back, somebody else is hacking through the rope where it is tethered on the OTHER end.
We are so screwed,
Uncle Ben will crank up the printing presses and buy them. Eventually, though, the citizens end paying for the bonds through the inflation tax.
but $112 billion could hardly be quiet
“I guess the Hoover dam and Yellowstone will be put up for collateral and have a lien placed on them soon...”
I’m open for buying the Grand Canyon and opening the worlds largest dump!!!
You’re just full of good news today, I didn’t know that. :(
Can't. The Un already owns that.
Treasury To Buy Back 112 Billion in Notes in Two Weeks.
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