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Well, it is about time!!!!!!! It took em' long enough. Time to put Bernanke out of business....
Not yet I don't have enough gold.
bond vigilantes are bringing a knife to a gun fight with the Fed if they think they will be driving yields or collecting on a CDS. the Fed is not going to let bond auctions fail (and are prepared to be the only buyer left standing) & the Treasury is not going to allow a default.
the primary dealer relationship with the FED virtually guarantees there will never be a 'failed' auction.
We can see the trend> Raise Debt Ceiling + Calculate the CPI more fraudulently + Print more money
The US government will inflate its way out. Very high inflation rates are in our immediate future
Commoditize, ma'am. The currency will be used as a safety valve. The lost value has to go somewhere. I'd prefer silver to gold for the nonce. The ratio of Au/Ag has gotten fairly rediculus lately.
> Very high inflation rates are in our immediate future
You do realize that also kills the 30-yr.
in real terms, inflation isalready well above the yield on the 30-yr
the 30 year, or any other security for that matter, gets killed when it has no bidders. my guess is, the Fed will let yields go up marginally in line with their bogus inflation numbers & bid the crap (directly or indirectly) out of any movements above their centrally planned boundaries.
whatever is left of the US private sector & our debtors will not be able to shoulder the consequences of this game indefinitely.
Honestly, I dont have faith in these so-called vigilantes. The term "vigilantes" is so 80s...
The bond vigilantes are here! We are saved!
But but.. if the casino goes bust.. what are your chips worth then ?
The potatoes and oil + energy input in terms of heat that was put in. Plus a small margin for labour perhaps?
hey Ori, I have had my book published. Here its is.
On the 33rd... http://www2.xlibris.com/books/webimages/wd/uk/301941/
So when do you publish yours?
Why is it I trust justice from a vigilante more than from the US justice system?
scary isn't it , thinking such thoughts.
still scary that the best financial articles now come from rolling stone magazine....
Up is down, left and right, good is bad, debt is money. Welcome to the rabbit hole. Alice will be by later with drinks and some finger food.
BYOD (bring your own debt)
Party on ... Biatchez !
welcome to the Chinese rule ....
I welcome my Asian overlords. It's about time we got some real Chinese food around here instead of this MSG crap.
I also welcome my stealth serial junker back after a few well deserved days off. Thanks for all you do. :>)
I've got at least 2 of those...I can post the weather forecast and get junked!
This is taking time but no surprises for us.
Again, why was the 30 year bid up yesterday? The plan being contemplated by the weak-kneed Senate will NOT be good for treasuries.
I have decide to finally surrender to the wonderful embrace of the collective insanity. Please join me later this afternoon by the pool for drinks. It will be gloriously refreshing.
Make sure to wear your Panama banana republic hat. I'll be wearing my Bermuda financial scam shorts and a very loud Hawaiian shirt. Bernanke has promised to make an appreance and welcome us to the fraud machine. Please don't embarrass me by forgetting to kiss his ring.
Understood, brother Cog,
I'll be the really, really drunk guy who forgot his swimsuit and jumps in the pool fully clothed.
Just don't forget to kiss the ring. We don't want to blow our initiation. And make sure to bring your own K-Y. No sharing at this club. Either you BYOK-Y or you go dry.
And where is Greece?
Tyler, how come China is so high up?
Because they are fucked too. It's a global economy. We all grow together and we all collapse together.
Soon to be Hellenic Handbasket
Cute. I presume they are off the chart.
Recolonized as Southern Germany. They needed a Mediteranean coast.
It's a Humpty-Dumpty thang.
They think they're gliding down the highway
But in fact they're slip-sliding away
Ahhhha! Awesome americanspirit!
Obama's Original Sin...
OT: hilarious 2 min Vid...
Hey, we ain't Pakistan
Pakistan is not Greece. Greece is not Italy. Italy is not Spain. Spain is not Ireland. Ireland is not Portugal. Portugal is not Belgium. Dollars are not Gold.
I wonder if these CDSs pay off in dollars. What beautiful irony to have been positioned correctly, only to be paid off in scrip rendered worthless by the very event you were insuring against.
US CDS are € denominated. Precisely for that reason
Interesting. What happens if the EURO collapses before the Dollar?
then they will pay a really huge amount of euros
Who cares? You'd just get more of them.
Or Quanto if one feels like paying a special price to the MM
Equally worthless fiat. The death of a $13 trillion economy and the reserve currency, will leave a big hole in space, sucking in all other large economies, especially China and the EU.
I think I'd rather have gold denominated CDS. It is hard to believe that if there was a US default, that the euro would be unaffected. Maybe the price would be more realistic as well, since anyone seriously thinking about a default in the US should probably be thinking about gold anyway. Maybe that will be the CDS of the future.
What makes you think you'd actually get paid in gold?
Besides, I don't see how the currency matters here as long as it's a major one - whatever you get paid in the euros you'd be able to convert to gold.
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