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2009-02-07 Home Front Economy

$67B Treasury Auction - Ouroboros Begins To Eat Own Tail

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Posted by Anonymoose 2009-02-07 18:57|| || Front Page|| [4 views ] Top

#1 I'm sorry, I just don't get it, they're selling money to raise more money?

Posted by Rednek Jim">Rednek Jim 2009-02-07 19:19|| 2009-02-07 19:19|| Front Page Top

#2 No, printing inflation to hide negative returns, i.e. loses.

Posted by Bright Pebbles the flatulent 2009-02-07 19:53|| 2009-02-07 19:53|| Front Page Top

#3 I'm sorry, I just don't get it, they're selling money to raise more money?

No, they're selling the labor, the sweat and skills and enterprise, of us, our children and grandchildren to be turned over to the highest bidder who'll buy a bond, as in bondage. We are being sold literally into bondage to raise money so that those who have attained power can reward their backers and themselves. Done without the facade of government, at the least its embezzlement, at worst its slaving. All of course done in the name of whatever self rationalization the snake oil salesmen think they can get away with which usually involves scaring people into dumbness.

Posted by Procopius2k 2009-02-07 21:11|| 2009-02-07 21:11|| Front Page Top

#4 It is my understanding that recent Treasury sales have been oversubscribed at a ratio of 4:1, that is (if I understand correctly), there are four who want to buy for every one offered. Given that money flows to comparatively more reward or comparatively less risk, it is understandable that US Treasuries would be desirable: the U.S. government is considerably less likely in the near future to default than Iceland, Venezuela, or Britain. Japanese debt is perhaps a safer option, but they aren't capable of making available nearly as much to investors, I think.

Posted by trailing wife ">trailing wife 2009-02-07 21:49|| 2009-02-07 21:49|| Front Page Top

#5 So this is something like a savings bond, ten bucks now will get you 15 in ten years?
(Or whatever)
That, I can understand.

Posted by Rednek Jim">Rednek Jim 2009-02-07 22:31|| 2009-02-07 22:31|| Front Page Top

23:10 Rednek Jim
22:47 thinempwimble
22:41 Sherry
22:41 Rednek Jim
22:31 Rednek Jim
22:23 Old Patriot
22:21 trailing wife
22:19 Rednek Jim
22:16 Old Patriot
22:15 badanov
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22:14 badanov
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22:09 Old Patriot
21:59 trailing wife
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21:49 Jack Salami
21:47 OldSpook
21:38 trailing wife
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21:16 Old Patriot