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Post by Ozarks Tom on Feb 20, 2016 14:35:04 GMT
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Post by sawmilljim on Feb 22, 2016 3:59:15 GMT
Yea it is different this time the Fed is holding a gun but no ammo. But they still got a printing press for more thin air money making. Hey they got a real deal they create it then charge interest on their illusion . Some of those propped up stocks that are at a all time high are Co's with no inventory and very little equipment . The rest of the world appears to be parting ways with their T Bills at a rate to not alarm the peasants though YET .
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Post by Ozarks Tom on Feb 22, 2016 14:12:58 GMT
If we had any spare cash laying around, we'd be converting it to junk silver about now.
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Post by blackfeather on Feb 23, 2016 2:46:14 GMT
The rest of the world appears to be parting ways with their T Bills at a rate to not alarm the peasants though YET . Eventually some one has to buy all those t-bonds. The debt is about 19 trillion, and the pension funds and 401ks are about 23 trillion total. I wouldn't be surprised if all of a sudden retirements must be invested in Treasury bonds in an effort to soak up all the bonds being sold. We talk of China holding a bunch of treasury bonds but I have heard recently that they may not be the biggest holders, but the Arab Oil countries together may actually hold more Treasury Bonds than China. Word on the street is they are trying to dump them like everyone else is. The danger is once all retirements are invested in T-bonds the country goes broke. We won't owe foreigners any more but their will be no retirements either. We are headed for a crisis unlike anything we have ever seen before, and no new president regardless of who he is, will be able to solve the problem.
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Post by Ozarks Tom on Feb 23, 2016 15:10:46 GMT
The Fed, Federal pensions funds, Social Security own the biggest percentage of our debt. In other words, we've "monetized" our debt. History shows every time a nation does that, they collapse. It's been warned against for many, many years, but desperate times call for desperate measures I guess. It's a last ditch attempt to keep the can kicking going. I agree with blackfeather, the private retirement accounts will be replaced with IOUs, promising the funds incrementally when needed. By the time they're needed the money will already have been spent. It's not that our leaders are bad at math, they're bad at telling the truth.
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Post by Txsteader on Mar 7, 2016 2:37:22 GMT
The Fed, Federal pensions funds, Social Security own the biggest percentage of our debt. In other words, we've "monetized" our debt. Wait, that's not true! Ben Bernanke has adamantly denied that the Fed has been monetizing our debt. And we all know, he would never lie to the American public.
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