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  1. #1
    oldskool is offline
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    Unraveling starting to show

    Treasury prices remained lower Thursday, pushing long-term yields to their highest levels in more than five months, as the Treasury Department had to pay more than anticipated to sell $14 billion in 30-year bonds, the last major auction of the week.
    Ten-year note yields (UST10Y:U.S. Treasury 10 Year
    which move inversely to prices, rose 10 basis points to stand lately at 3.29%.

    I not a gloom and doom person, but this is a pin hole in an expanding US Treasury Bubble and its on the way to an HISTORIC Correction that will decide US global political power for generations.

    This is one of 3 auctions presented by the US Treasury this week, Rates moving upwards while stocks sink????? doesn't happen, when stocks sink its a race to US bonds and bills for safety, not TODAY......Has the US Treasury , the Fed and The US Gov't taken on too much debt , they can't finiance it without hyper-inflation. has the safety and security of US Treasuries been damged beyond repair? and is this the hammer blow to our economy? How will this effect our world standing ( we the USA are the largest debtor on the planet ) ?
    Last edited by oldskool; 7 May 2009 at 07:32pm.

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    PotshotPolka is offline
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    Basically the government will end up defaulting, and there goes the fucking ball game.

    Why do you think the government wants stronger regulatory controls over banks? They'll need their support within the next few years if they want to try to offset the debt, which seems to be less of a concern than keeping track of their current deficit.

    What you're seeing is just an other action of open market operations, I.E. monetary policy.

  3. #3
    Drox is offline
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    Well I knew this stuff wouldnt be fix even with Obama promising to fix it (Which he is making worse). Honestly the only way out is what Jefferson Davis did back in the day, completely restart the US system and make 0 debt, then start on getting rid of the federal banking system which screws the American people. Then go from there, pumping more money into the system wont fix anything, it will just make the value of the dollar keep going down to the point where it like post-war Germany after WW1 where 1,000 dollars buys one loft of bread. Our government needs to get their heads out of their asses and start getting stuff done or we all are gonna take a bite out of the shit sandwich called depression here soon.

  4. #4
    RedOctober is offline
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    Quote Originally Posted by Drox View Post
    Well I knew this stuff wouldnt be fix even with Obama promising to fix it (Which he is making worse). Honestly the only way out is what Jefferson Davis did back in the day, completely restart the US system and make 0 debt, then start on getting rid of the federal banking system which screws the American people. Then go from there, pumping more money into the system wont fix anything, it will just make the value of the dollar keep going down to the point where it like post-war Germany after WW1 where 1,000 dollars buys one loft of bread. Our government needs to get their heads out of their asses and start getting stuff done or we all are gonna take a bite out of the shit sandwich called depression here soon.
    Restarting the us banking system and making the debt $0 is impossible. What do you want America to do.... declare bankruptcy. Sure lets do that and let countries like China to completely own our asses for the next 200 years. (Even though they basically own us now...)

    The economy can not handle a drastic change like removing the FED. That kind of shock to the economy would crush us under our own financial insecurity. Take the former Soviet Union for example. They tried to completely change their economy rapidly and they plunged into becoming a shit poor nation. (granted there were other factors at work but for the sake of this example i wont deal with them)

    I will admit that I don't know what course of action we should take to "fix" the economy, but i do know that failed monetary policy and and rapid change to the structure of the economy will only make things worse.

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  5. #5
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    Quote Originally Posted by RedOctober View Post
    Restarting the us banking system and making the debt $0 is impossible. What do you want America to do.... declare bankruptcy. Sure lets do that and let countries like China to completely own our asses for the next 200 years. (Even though they basically own us now...)

    The economy can not handle a drastic change like removing the FED. That kind of shock to the economy would crush us under our own financial insecurity. Take the former Soviet Union for example. They tried to completely change their economy rapidly and they plunged into becoming a shit poor nation. (granted there were other factors at work but for the sake of this example i wont deal with them)

    I will admit that I don't know what course of action we should take to "fix" the economy, but i do know that failed monetary policy and and rapid change to the structure of the economy will only make things worse.
    Countries like China already own our ass, since a portion of our debt is to them. By your logic we are a sinking ship and you want to go down with it where there is a option to jump on a life raft but why take it if we are gonna lose the ship? lol Its gonna happen one way or another, it would be better if we planned it and controlled the way we rebuild afterwards, then to just let it happen and try to figure it out while in so many years of depression.

  6. #6
    PotshotPolka is offline
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    Quote Originally Posted by Drox View Post
    Countries like China already own our ass, since a portion of our debt is to them. By your logic we are a sinking ship and you want to go down with it where there is a option to jump on a life raft but why take it if we are gonna lose the ship? lol Its gonna happen one way or another, it would be better if we planned it and controlled the way we rebuild afterwards, then to just let it happen and try to figure it out while in so many years of depression.
    They call it the "New Deal"

    As for our debt, the Chinese would be shooting themselves in the foot if they ever tried to bring down the U.S. through either canceling loans, or denying production, since we are customer No.1. If you haven't noticed the Chinese economy isn't quite up to snuff right now either.

  7. #7
    Drox is offline
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    Quote Originally Posted by PotshotPolka View Post
    They call it the "New Deal"

    As for our debt, the Chinese would be shooting themselves in the foot if they ever tried to bring down the U.S. through either canceling loans, or denying production, since we are customer No.1. If you haven't noticed the Chinese economy isn't quite up to snuff right now either.
    Yea but my "New Deal" isnt the same as the one they intend on doing. ;) Since I would like to see complete removal of the federal banking system.

  8. #8
    Italian Jew is offline
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    Quote Originally Posted by Drox View Post
    Honestly the only way out is what Jefferson Davis did back in the day
    And what exactly was that?


    No, nothing is wrong.

  9. #9
    Drox is offline
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    Quote Originally Posted by Italian Jew View Post
    And what exactly was that?
    Read next to that sentence maybe? or is that hard? :O

  10. #10
    Italian Jew is offline
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    Yeah, I fail to see what Jefferson Davis did exactly. I was looking for some details on a link you could possibly provide, but seeing as you are unable to do so, my question will remain unanswered. I am finding stuff on Google, but just on the presidency of the confederacy and nothing much else.


    No, nothing is wrong.


 

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