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Hi Ho Silver! Away!
Its the end of the world as we know it.
Am I the only one who doesn't feel fine?
No. It's pathetic that we have to get real news on the state of our economy from the commies. Welcome to the Matrix.
A+, Outlook Negative -- They are being generous.
I thought they were being generous too. When I read it it seemed like they made a pretty good case for BBB. My favourite line was saying QE 2 was analagous to drinking poisin to quench your thirst.
"Its the end of the world as we know it."
and I feel fine.
Stipe is nuts, so his opinion doesn't count. And that's ok.
Hi-Ho parabolic blowoff in silver! Away! The good news is that you can now buy precious metals with only 25% down!
Nothing to see here, no bubble in commodities happening at all right?
Also, you should know that this downgrade is nothing more than some petulance from the chinese 'people' because obama is pushing to allow india onto the u.n. security council.
Feel free to go all in short.
Reap your reward for being so smart or stupid.
Where can I buy physical for 25% down?
Also have to agree, feel free to short silver/gold. Maybe it's not a bubble in commodities and the bubble that is the dollar deflating. But hey I could be wrong, gold back to $35 an ounce?
$35? Shit, I would be orgasmic over $350! Give me a chance to buy a whole lot more!
Btw, Rand Paul was on GB this morning. Regarding the debt ceiling, he said he'd vote "no" on raising it but he expects it to pass. Signals he will not filibuster.
Put your money where your mouth is and start selling treasuries already.
Maybe they're waiting for the JUMBO POMO's to begin!
I hope so, plus we don't know if the number of bonds they are holding is accurate. They may have already sold a large portion.
whatever happened to this?
HA! Almost forgotten.
Apparently they were "bearer bonds" meaning that whomever has them owns the loot. But they were rendered illegal (to produce more of) long ago. These were left overs but still legal tender. They were possibly part of a postulated dollar refunding program that was sponsored by China and the English Queen but nixed by Geithner et al. Apparently the FedTreas wanted control of the funds for themselves.
The guy who reported on these things died last July under mysterious circumstances and accused USoA Ops of doing him in in his last post. He was a fine man.
He was an upstanding English gentleman who had been slandered for his reporting of, what he then called, the derivatives "Octopus" - or the "Financial Carrousel" - foreshadowing Matt T's later Vampire Squid.
We will never know all of it. But the Japanese incident was an attempt to cash in on old collateral. We may hear many rumors of like incidents in the future. Unlikely we will ever hear the real news...
If you have certain security systems they will block the deceased reporter's site. However, his archives are still up - last I checked - except for the last post... that one was removed.
Yeah, always thought that was an interesting one. Would make a nice little documentary. Can you give me a link to this site? Thanks
You asked for it.
Last post (snippet of archive) 7-10-10: He died four days later 7-14-10.
A detailed report on this assassination attempt and the horrible illness inflicted on the Editor as a consequence will be published as soon as feasible. We now have proof that the CIA/MI6/Obama/Bush/Cheney issued an assassination order against this Editor. We have proof that they are surprised that the Editor is not dead.
I think that China is being smart about their move out of Treasuries.
I think they are trying to directly swap their Treasuries for hard assets/commodities/companies/strategic resources around the world.
They don't want to spook the Treasury market just yet--they are working on their escape plan.
seems that way
Absolutely. They need to exit quietly so as not to move the price against their large UST position too quickly. Hard trick to pull off.
Exactly, China is dumping treasuries, probably at a good discount, in order to stock up on commodities. When the trade becomes a wash for the Chinese then its on. But they are quietly getting rid of their US Treasury debt no doubt.
I believe that is what Bennie wants. To chase all foreign creditors out of the UST market including China. Defaulting on your own citizens is much easier than a foreign nation.
You know the world is upside down, when the Chicoms are on the leading edge of bond rating.
This has everything to do with them climbing on top of the dead and decomposing body of America in order to save themselves from drowning.
How bad is it going to be, Daddy?
"Every thing's going to be fine Honey. Daddy would never let anything bad happen to you."
Well as long as it's decomposing it will float, once it stops their dead too.
But kick the can is the only game in town.
That´s the right answer for stupid beyond all imaginations FED governors-especially Bullard. Did this guy ever attended primary school ?
"indicating the decline of the U.S. government’s intention of debt repayment."
can something that does not exist lose value?
Yes it seems value is just in the eye of the beholder....as things that used to be SCOFFED at as valuable suddenly shoot up in demand....PM's, ammo, weapons, food...all going parabolic.
Weaponry still a good buy, especially those durable AK variants.
Still a good buy yes...but I harked way back to the good ol days (3 years ago) where you could buy an SKS and 1,000 rounds for $100. Look at an SKS today, $350 or so, and the ammo has tripled.
Yeah, food. Frankly, the world's food production system scares the shit out of me more than anything else
They have so much to learn.
If you are holding a massive amount of an asset (Treasurys) and you think they are junk but you want to sell then you tell everybody they are a BUY BUY BUY.
you'd be amazed what size you can get done in the swaps market if you are patient...
As many analysts said, they should have started buying stuff with their US dollars a few years ago and be done with US dollars by now.
Now they are just committing suicide.
I guess you didn't hear about how they have been acquiring gold on the sly for years, or where they have been buying up commodities and producers worldwide?
Yes but those who were warning of China and others acquiring gold on the sly years ago were called 'consipracy kooks' 'tin foilers' as 'all was well' and the economy = A-Ok!
OH now the Chinese should have listened to the US economists who have of course gotten everything right all along? LULZ!!
(Maybe the first time 'LULZ' has ever been used on Zerohedge before, but oh so fitting.)
Buzzsaw lulz frequently.
(can't spell German so much...)
Odd - there's no header or source information on that paper. Not that I doubt it, but shouldn't there be some official-looking header page and such, indicating what is the source of the info?
Some official-looking header page = credibility
Like in the logo from: "Board of governors of the federal reserve system"
and the document beginning with: "We the people"
If you see anything resembling an official-looking header you know you are in trouble and you better start running.
Heh heh heh..
Why not just stick the Obama logo on it? His Believers will feel better seeing the mark of their savior...
I Am Jack's Complete Lack of Surprise
I Am Jack's Complete Lack of Surprise
...said our largest creditor and deficit trading partner.
I'm taking this one with a big grain of salt (or in this case, MSG).
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