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 ...
Your probably better off driving across the border, and exchanging USD for canuck bucks (any bank will do that), then bringing it home and burying it, or stuffing it in your mattress.
No more that $4999 at a time.
Good idea - and I have relatives living near the Canadian border (Bellingham Wash.), it might be time for another visit.
The thing is the monetarists, like Friedman/Greenspan, thought that pseudo scientific, socialist money planning by a supposed scientific elite would stabilize the value of money and dampen pre 1913 Federal Reserve depressions and panics. So far they have been wrong. The swings have been worse.
Almost every country in the world, all are now fiat paper, central bank, monetarists. I’m feeling that they will fail, in a novel, unthought way.
We may get to a point were even united action( read economic/political manipulation ) by all the Central Paper Money Banks may not only not work, but cause the whole world to blow up.
That’s the problem with centralized systems.
I’m so full of “good” news I’m about to explode.
Correction:
Treasury To ATTEMPT To Sell.........
Did I see that 1 month treasuries were only paying .01%?
I like Morgan Silver Dollars.
Didnt that used to be 10k?
It’s somewhere down in that neighborhood.
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