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1 Month Bill: -0.005%
As vacuum tubes slowly realize they were all cheated by the great European fraud headline and soundbite machine, the scramble into the relative safety of Uncle Sam's paper is once again reaching a crescendo. At last check, the 1 month Bill was trading 0.000/-0.005, whereby people pay Tim Geithner to prevent them from investing in the worthless asset class known as stocks.
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we're officially through the looking glass.
I use to play a computer game when i was in high school called "American McGee's Alice." They finally released a new one 10 years later called "madness returns" and i can't help feeling that the madness never left.
We're through the looking glass, down the rabbit hole, and into the matrix.
What do you mean? BIDU, TZOO, PCLN, CMG all going vertical. Perfectly normal day in bizarro world.
This market is in complete Stockholm Syndrome. It knows things are horrible. Worse than the worst. But it now loves the hand that feeds them, i.e. the Central Banking Cartle. Complete fantastical thinking.
A cult. And all cults end badly.
Well the current Administration did promise "Change you can believe in"
They got the change part down, they're still working on belief...
This is the most retarded thing I've ever seen.
LOL! 2008 redux. Funny, this used to signal the level of sheer terror in the system. I guess Skynet securities has things firmly in control now.
Any minute now, P. Najarian over at the BlowHorn [CNBC] is going to come on air and talk about the VIX...because he always talks about it when it is falling signaling snorting bullishness for equities.
And I'm also sure that the BlowHorn is going to talk about how money is flowing into fixed income [fixed at negative rates of return] because they always talk about money exiting fixed income as a signal to wild bullishness for equities, and the BlowHorn would not want to be perceived as biased in the direction of long levered up criminal syndicate Wall Street bankers.
Holding my breath...
Less than one thousandth of 1%?
Gee, even gold and silver have better returns that that.
$1408 and rising (200dma), otherwise known as the FLOOR for the POG.
Sounds like you need to get out more. ;-)
Yes.
I think I will imbibe is some fine Belgian Ale at my favorite pub tonight, and leave the dark and haunting images of this burning, fiat-infected PonziWorld behind, at least for a brief time.
Now this is a plan and direction that I can believe in.
If it was my choice, I would give you a leadership position over the entire planet.
Some of my wisest decisions were made after much Chimay or Westmalle Tripel.
Physical PM's Bitchez. Sheesh!
Exter's Pyramid, Bitchez
STFR - Sell the Rips baby
This has been the plan all along to solve our debt problem. Now you PAY for the "right" to be able to lend them money. Makes sense...
Oh, no. This is not a "right". Forget these outdated capitalistic words and terms.
Start think socialiZm.
Now this is a PRIVILEGE.
And it will be GRANTED to persons close to financial mafia.
I'll bet a new rosey ponzi headline is being typed right about now.
so that's bullish, right?
How could anybody prefer this to PMs?!
mr market seems to expect some kind of deflationary shock..
...or the money is leaving equities and needs to find a shelter to ride out the storm
I like BOTH.
Use the profits from the Treasury gains to buy PM's........
Voila! Free PM's!
Ah, well, there's this: Gold is somewhat volatile, particularly lately, and some forecasts have it dropping to below $1000 before it ever hits $2000. And silver? If you bought at $49 you're probably wishing right about now that you'd put your money into t-bills. Something to think about. And I'm not anti-PM, I own some myself, but you asked the question, so there's your answer.
We have all heard Einstein's definition of insanity by now - voila.
Yep it is the most liquid place right now.
But that could change in a heartbeat.
The precious metal holders are wondering when these chumps will realise what they are fleeing to is also a worthless asset class.
Gold should do just fine until around $4-5k/oz... silver however, that POS isnt moving for the time being.
This is a brilliant plan by Geithner to solve the U.S. budget deficit. Increase the negative yield on U.S. Bonds to a high enough level. Use all means at your disposal to fuck up the rest of the world, and deficit problem solved.
It's so crazy it just might work.
No need to sieze 401k's at all.
Bang the Gong...
... Git it on
Or prehaps: The sound that your'e hearing is only the sound of the Low Spark of High Heeled Boyz
<well heeled boyz?>
or prehaps just a bunch of heels (qiuggly heading for the exits)!
Rate capping is already -- unofficially -- in effect, because what sucker would place his money in a de facto losing investment (even according to the official CPI!) when there are currently safer fixed income/warehousing offers elsewhere? It defies elementary logic and sanity. Even someone seriously believing in the future of the US gov. would not do that.
The guys bidding these auctions are not self-interested genuine participants. They are the Bernank himself, operating thru proxies. Nothing bad in this, as long as the FED admits that the federal funding is a complete and total Ponzi scheme.
if you put it like this, it somehow could make some sense.
Still... Very weird way of getting things done. It is not exactly the stealthiest way!
ha ha ha saved this screen for kids when they grow up
This is just amazing!
By the way, cash anyone?
I hope you printed it. I don't recall seeing alot of laptops in Mad Max or The Road.
wouldn't it make more sense to stuff the money in your mattress than to PAY the treasury for the privilege of buying their shit? isn't that a little like sending the IRS a tip with your payment?
Depends and how flush you are and the size of your mattress. Maybe a king size might handle the average investor.
That does it. I am selling everything I own so that I can obtain as many paper dollars as possible and then investing them into a savings account. I will be so rich by next year. Just hope our central banks don't follow in Belorussian footsteps.
Patience guys and dolls. Greece is going through massive deflation and loss of confidence in the monetary system of the EU. Their response? Pile into gold. This is coming to the USA eventually so hold that physical gold!
retard market.....How would you like to be short CMG<SINA<NFLX in a down 110 market.....
I share your pain.
It's amazing to me that in our screwed up society -- the stock market is supposed to pay for everything. Pay for our retirements, pay for pension obligations. Pretty much pay for everything long term. Yet, common stock has very little real value. Most stocks pay a pittance in dividends. So what does stock ownership "get you". Not any real voting rights. Not much for dividend payments to compensate you for your ownership. Basically, a stock certificate shows you've got some "honorary" ownership. Doesn't matter how profitable a company is...common stockholders get nothing. AAPL at $320 "gets you" the same as AAPL at $220, $120, or $20 per share. A certificate showing honorary ownership. Why anyone pays any real money for an honorary certificate stupifies. It's just a cultural thing. Invest in stocks, it's what people do. I have a feeling it's going to end up just like investments in beanie babies. People will ask "What was i thinking". They weren't thinking. Just herding a cultural trend.
preferreds are the way to go if you want to own stocks.
Or they can invest in NFLX. That overpriced turd just won't seem to fall.
Question: So who would buy this stuff? Doesn't the Treasury have a cash flow problem once the first redemption cycle occurs which should be about now?
One of the best quotes I've ever read TD: "people pay Tim Geithner to prevent them from investing in the worthless asset class known as stocks"
That is a definition of a PROTECTION racket if there ever was one
ROFLMAO!
Do elves come out from under 33 liberty street and buff that man's head? 6 years in the Marines, i've never seen anything shine like that.
+1000 for Adobe. Stock symbol ADBE
I could stay laughing at this picture all day.
Thank you.
And to the 4 Little Junkers, Ben, Timmah, Lloyd and Larry, A very good Juncker to you as well.
That amplifier is the predecessor of all things transi(s)tory.
LMAO
Fischer coming up on Bloomie in a minute..
Treasury bond bubble is obvious to all holders on physical PM's.
.
.
WRONG!
I own a bunch of silver and gold.....all of which was paid for by riding the long Treasury wave. If the sheeple want to buy Treasuries at stupid high prices, what's wrong with front-running them and later selling to them?
But don't get me wrong, the Treasuries are a trade. The PM's are buy & hold.
The mainstay of US hegemony has always been the petro dollar. The competition has been the eruro. The competion is being killed chemo-therapy style. Yes, it hurts the body, but if it kills the cancer who cares?
We are not insane. This is economic warfare.
Oh, and those aircraft carriers... they're pretty bitchen too.
Fort Cooper nuclear distration in 4 . . . . 3 . . . . 2 . . . .
Spin this news Robotrader!
Huge demand for paper, treasuries and dollar! /sarc
Meh. So you buy the near futures gold contract and sell the spot price to get around this foible, once gold goes into backwardation due to Dodd-Frank.
*
Are money markets going to break the buck (again) in this latest turmoil? Will congress backstop money markets? There is your ponzi: Pay the treasury to keep your money, congress bails out moneymarket to pay you back.
Even demand deposits aren't trusted to park funds.
It's one thing to have negative real interest rates, but negative nominal rates? Holy shit...US debt problem solved!
And Ben loves it.Right on track for 80.00 oil, 1100 S&P, beat down in PM's and then he can get QE rocking and rolling again. The U.S. economy now requires QE since nobody else can fill gap to buy our debt.
Despite the fact that ZeroHedge bears the honour to be the first in the world english-speaking web-site, describing the problem (actually it is a catastrophe for the humanity) of the world-wide computer trading machines, acting as a HUMAN, having the rights as a human,
despite this very important fact I am sad to say that I am ordered to STRONGLY recommend Mr. Tyler to CLOSE ZEROHEDGE.
All these discussions are useless and worthless. The Decision already made long time ago.
And continuation of nice tries to save The United States of America will be considered as an act AGAINST God's decision. Mr. Tyler, You are free to ignore this official message and free to try it again and again (as I did), but in this case You will bear the same punishment from Creator as most modern americans.
So the tinfoil hat brigade is in town?
Well, I have heard the joke about tinfoil hat from 2004 as a standard response for my messages. How about to ask japan's people about it?
Are there any japanese people here? What do You think about the necessity of tinfoil hat for your kids now?
Do us all a favor and stop posting. If this board is such a waste of time then spend your time elsewhere.
There is one big problem: while the Decision is made, NOBODY can start The Process.
Neither God, nor His Holy Saints can start, (neither me). There is no signal.
I have read here on ZH messages like "Lets finally start the apocalypsis!".
I here now give Mr. Tyler the privilege to determine the start of REAL CRASH (please, allow 1-2 weeks for preparations).
Mr. Tyler, if you really want to start the painfull way of re-constructing the US society, which will possibly lead into a crash of the country legally called USA, please, simply say now: "Ok, lets start the CRASH of the system NOW" here.
If Mr. Tyler will avoid to respond, other respectfull readers of ZH are welcomed. Additionally You can establish a voting "When to start a real crash?". (Real crash does not mean only the crash of PRICING on NYSE, known as DJIA. Real crash is much wider. Actually the crash of DJIA is a sign of healing of an economy).
Please say it.
(And I will write here very, very seldom.)
LMFAO!
"We" don't have to start anything. The process was started before we were born. We are spectators in this 3rd rate bad acted stage show.
Two days ago Mr. Bernanke promised that "everything will be Ok".
I promise here that the real crash will start when ZH (Mr. Tyler Durden, voting, Leo etc.) says. Lets see who is on charge.
No men with balls to simply say it?
Out of Meds, eh?
And out of money with which to pay for said meds.
Be careful what you wish for.
From the lack of responses I have made a conclusion that moderm so-called americans prefer 30+ years of Sluggishly progressing schizophrenia.
No crashes, no revolutions, only socialism. Small shakes and socialism.
Ok, deal. (Please, allow ONE medium-sized crash within 1-2 weeks as a proof).
BTW who the heck are you?
Short report about my predictions is here:
http://www.zerohedge.com/article/charting-feds-abysmal-recent-predictive...
You broke my "weirdshitometer", thanks alot.
Not bad for an educated lamer.
----
More paper to feed the TERMITES
There is no rail against the system. We must fight the fight on the terms with which we are saddled. Against all odds we must build our barricades and prepare our defenses for the hordes that will soon crash against them. Tremble not as the dark pools discharge thier dastardly poisons and hold high the light of truth regardless of the sharp talons that seek to pull it down into the darkness of lies and despair.
For though we are few and our numbers are scattered, we are the true believers, backed by the promise of redemption via the cleansing power of PM.
All the non-believers and apostates will inherit the BM!
(okay, pontifical ravings off)
The lunatics are really out today.
So how many bong hits do I need to realize that this makes sense in some way, shape or form. We're paying them???? WTF!?
China has a lot of US$ that it can use, through shell companies and institutions, to affect the future of the EU.
Diversification, control of assets, and improving cash flows is an objective that is not foreign to China.
I’m sure that China is not happy that it has so many of its eggs in the US market.
Getting involved deeper in the EU will prolong the shell game longer than expected and give China more control.
Keep your eye on the bouncing Chinese ball. The game is not over until China says so.
jal
I wonder how many fights with corporate risk and treasury departments there are around this. I suggested we post collateral in gold. The response I got back was "not funny". This is just epic retarded to use these fucking things as working collateral. You can't win. It's only a matter of time before a lot of people figure that out. And those swaps aren't worth dick in the SHTF scenarios.
I wonder how much of this pressure comes from all of us with with 401 balances sitting in cash funds? Back in 2007, I went from a MMF to the closest thing they had to cash, which was still a fund that existed on nightly sweeps and T Bills. While I no longer contribute, I still have loan payments that go to the fund.
Perhaps this will be the first honeypot to be siphoned off into the longer-term Treasury space?
Is this a full moon day? I'll bet the psych wards are overflowing. Things fall apart - the center cannot hold.
By the way - where do you buy tin foil these days? I've tried aluminum and it doesn't seem to be able to pick up those vital messages from beyond the beyond.
Tin has exploded in price due and is virtuously unobtaniumable to Bernankeconomics and Goldman/JPM/Glencore/LME metal warehousing scam.
Go with wax paper until that gets too pricey.
Thanks TIS - I just made me a little waxed paper hat and sure enough, I'm getting messages. Only one word so far, repeated over and over - "doomed". My wax is melting - gotta go.
Seriously, these dumptrucks are paying timmy to keep their money? Buy a fucking lockbox stupid shit stains, it's cheaper. tbt...
They are moving money out of bank accounts...systemic risk.
They are moving money out of bank accounts...systemic risk.
You can say that again.