Don Ke nobi
/ 83.5.215.* / 2009-08-11 13:11
Dystrybucja trwa, celem zebrania gotówki na kolejne udawanie popytu na obligacje.
The U.S. government (and their loyal, media-parrots) has spent a great deal of time crowing that “demand has remained strong” for U.S. Treasuries. A few years ago, such chest-beating would have been seen as simply a waste of time – since selling U.S. Treasuries has never before been an issue.
How times have changed! With the U.S. now hopelessly insolvent, it's imperative for the U.S. government to convince the world that demand for its debt remains strong. Should the foreign creditors who hold a mortgage over the U.S. economy see such demand evaporate, this would cause interest rates to immediately soar – followed shortly by a downgrade to the U.S.'s national credit rating, which still holds the same farcical “AAA” rating as trillions of dollars of Wall Street scam-products.
I have often referred to the superb research and analysis of Chris Martenson in my commentaries, principally with respect to his ground-breaking presentation: the “Crash Course”. However, this week it was Martenson's sleuthing skills which have created a stir.
In a post from his blog on Thursday, Martenson revealed that during the previous week's Treasury auctions that the Federal Reserve secretly bought nearly half of the Treasuries which were auctioned. This is yet another example of the scam-mentality of the U.S. government – hardly a surprise given the scam business-models of their Wall Street masters.
It's a very old form of fraud to plant your own agents at an auction, bidding on your own “goods” in order to drive up the prices. The fact that the U.S. government needs to resort to such tactics is the clearest indication yet of how close the U.S.'s Ponzi-scheme economy is to total collapse.