Got change for a ten?...................
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 ...
Got change for a ten?...................
I want to start issuing Tommy Bonds to fund my family’s life style
And who is the government? Us!
lead, copper, brass?
When I start making 10 Million a week, my fixed-rate mortgage will be very easy to pay off! Whoo-Hoo!
can’t wait for hyperinflation.
Libs love it because it’s the only way to wipe out the ‘rich’ along with everyone else.
Ammo, food, gas, and water will become more desirable than gold. Stock up now while they are relatively cheap and available.
Hyper-inflation is liberals’ wet dream: it makes everyone broke or poor at once.
Canadian dollar is rising fast. It'll probably hit par by October instead of the predicted December.
I could pay off my mortgage with a part time job!.............which is what I’ll probably be doing...................Would you like fries with that, sir?.................
..I think YOU meant “Yerrowstone Peepah’s Parhk”
Fed will buy.
I’m wondering if gold is too expensive - is it only going to come down, or can it possibly continue upward, and if so, how much further?
>> ..I think YOU meant “Yerrowstone Peepah’s Parhk”
Sorry, my bad. My Chinese not so good!
Who would buy a note, paying a few percentage when it is being devalued at ten percent a year? You lose eight percent a year?
Yeah, what the world needs, more piece of paper with ink smeared on them. That’ll fix it. That paper has ‘Majik Powers’. Yes, sir!
Got laws, rules,regulations,codes, permits, committees, fines, fees, stamp, taxes, laws, ordinances in the way of commerce, industry, prosperity? Why just print more Majik Paper!
Raised ten generations of little free skool, free lunch, touchy feely self esteem monsters that don’t want to work early, late, dirty, hard or alone? That don’t want to have skill sets buyers want to pay for? All who want to live ‘Entourage’ lifestyles? Print Majik Paper!
Chased, harassed, taxed, sued, fined, extorted, shook down every manufacture out of the country? Print Majik Paper!
Majik Paper. The cure for everything!
The problem is, it never works out that way.
It always translates into you (or the working people in the country experiencing hyper inflation) earning the equivalent to pennies a day instead of what used to be hundreds a day of money that has some value.
Good luck earning enough to buy food, and the suitcases needed to haul the cash around.
land and realestate is the only safe place. A good sized apartment building (30 suites or so) are extremely hard to come by these days.
Actually I was leaning towards Palladium.
Your “Majik Paper” summation is a good one, Leisler. Thanks.
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