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To: atomicweeder

Yeah, but the real question is: Why is the Fed buying debt? Are we reaching or have we reached the point where we can no longer sell our debt to anyone else?


14 posted on 03/18/2009 12:12:32 PM PDT by stylin_geek (Liberalism: comparable to a chicken with its head cut off, but with more spastic motions)
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To: stylin_geek
Yeah, but the real question is: Why is the Fed buying debt? Are we reaching or have we reached the point where we can no longer sell our debt to anyone else?

BINGO. We've been shooting craps and the bet gets bigger each time.

21 posted on 03/18/2009 12:20:48 PM PDT by Paraclete
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To: stylin_geek

Clearly you missed this:

http://www.forbes.com/feeds/reuters/2009/03/16/2009-03-16T141217Z_01_N16457935_RTRIDST_0_USA-ECONOMY-CAPITAL-UPDATE-1.html

IMO this is the reason the Fed is going ahead with this insanity. They’ve reached their last trick-they’re trying to look like they’re not printing to less sophisticated investors and J6P.

NEW YORK (Reuters) - Net overall capital outflows from the United States were reported at a record $148.9 billion in January, the Treasury Department said on Monday.
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The outflow, which includes short-term securities such as Treasury bills, was well short of covering that month’s $36.03 billion trade deficit.

The prior outflow record was $133.0 billion in August, 2007.

“The market impact is minimal because the data was two-months old,” said Matthew Strauss, senior currency strategist, at RBC Capital Markets in Toronto. “But the reluctance of foreign investors to buy U.S. assets is a concern for the dollar going forward.”

Investors sold a net $43 billion in long-term U.S. securities in January, the Treasury Department said. Demand for long-maturity securities such as bonds, notes and equities shifted from a revised inflow of $34.7 billion in December.

Net purchases of U.S. Treasuries added up to $10.7 billion, down from $14.97 billion in purchases in December.
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Private overall net outflow of $158.1 billion was also a record, up from a revised inflow of $77.9 billion in December and exceeding the previous August 2007 record outflow of $110.7 billion.


29 posted on 03/18/2009 1:17:05 PM PDT by nicola_tesla (www.fedupusa.org)
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To: stylin_geek
Are we reaching or have we reached the point where we can no longer sell our debt to anyone else?

Don't worry dude, you can sell you unused gold jewelry to those companies advertising on the TV and Radio. Just send in your valuable assets, your inflation protection, to where all that stuff can be concentrated for easy confiscation. Its a win, win for everyone !

36 posted on 03/18/2009 4:08:06 PM PDT by justa-hairyape
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