Nobody is this stupid.
This is the purposeful destruction of the US Dollar by traitors in DC working on orders from non-Americans.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 08/10/2010 11:49:47 AM PDT by John W
More like investing bond interest (mortgages) into new bonds (Treasuries).
IF they call it in next week they won’t get paid. I’m more afraid of what if the Chinee call it in.
Usually, but not in this case. They're reinvesting payments they receive, not creating new money.
China will not be pleased..................
Yes.
Does this sound insane to you or is it just me? I’m only one of the “small people” but putting this in my terms sounds like using a credit card to pay off a credit card.
That’s exactly right. We’re living on borrowed time.
“I’m only one of the “small people” but putting this in my terms sounds like using a credit card to pay off a credit card.”
Worse than that, more like taking out a 3rd mortgage to pay off the credit cards you charged up after taking the 2nd mortgage.
The entire house of cards is the worst ponzi scheme in history. Did the Chinese tell Obama to pound sand?
Dow still down about 46 after pairing some of the initial losses (Nasdaq -25) with 15 minutes to close. No surprise of course, but much more pain to come.
All through WWII and afterward the Fed bought government debt to keep interest rates artificially low.
Our dollars are now worth even less.
This is artificially propping up prices here to make it look like we are doing okay, but we aren’t.
Money should be in commodities, things that are worth a given amount on the world market, and can be quickly sold there for the future equivalent of whatever the dollar is worth at that time.
No, we're buying our own debt because China isn't buying enough of it any longer.
That seems to be a popular option during deflation.
Wow. After all these years we finally know exactly what “voodoo economics” is!
I can think of two choices:
By how much less the dollars we saved and earn will be worth.
And/or by how much more taxes they'll be getting from us.
It’s like using your VISA card to pay your Mastercard bill.
Nobody is this stupid.
This is the purposeful destruction of the US Dollar by traitors in DC working on orders from non-Americans.
As long as we don’t cut back on government workers and pensions we’ll be just fine.
Money doesn’t seem real anymore. The Fed has lost control of even the image that it’s real.
primarily Fannie Mae and Freddie Mac
^
Mortgage-backed securities; what if nobody is paying back the mortgage?
Do you s’pose that “slowed” means we’ve entered the second dip of the recession?
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