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so buy a bond and a parrot and see which one gets called in first..
At least you could eat the parrot.
You could teach the parrot to say "Buy the f**king dip!" "Green Shoots!" "It's all contained!" "You can't eat gold!".
Bonds can't do that.
Excellent! Thanks for the laugh.
I've managed to keep my vulgar language contained and off the internet for the most part, but after reading TD's ZH, I have to say to the idea of perpetual bonds- FUCK THIS!
Early Christmas gifts bitchez.
"The Treasury also disclosed that it had discussed with big bond dealers the possibility of an "ultra-long" bond with a maturity of 40, 50, or 100 years"
RobotTrader was right. Don't fight the PigMen. But who will be dumb enough to lend money at 100 years, still?
The term doesn't matter much when the Fed buys them back the next week
If I bought one I could cash it when I'm a 139 years old. Something to look forward too for my old age fund.
So lets see here. $1000 bill at 2.5% for 100 years.. That's a whole $137.60 in interest for the duration. I don't see what the problem here is. That sounds like a fantastic deal. Who wouldn't want that?!
Easy answer, the taxpayer....and also they will force every single 401k/IRA plan into this scam like they planned all along. Remember the open comment period they had last year regarding this Geithner swindle?
century bonds, by the time you count to a hundred...
My math sucks. I had us hitting the debt ceiling at the end of the month. Deferring here and trying to sort out the pieces from this read.
How were you calculating it? I was off too.
The numbers perhaps, or a link?
All right !!!, why enslave only one future generation, when you can enslave a few or more.
And one would think given the spread of riots "someone" would take a notice.
Uncertainty, must be "good" for the business.. coming to the theater near you.
India has also HIT a CEILING ....the BIG COUNT::
Why stop at Century? How about Millenium Bonds for those of us who eat right and exercise daily?
Which sacrificial lambs will be offered to the bond gods to get this deal done?
Step 1: Force, bribe, and-or trick the politicians into not raising the debt ceiling.
Step 2: The Ultimate Dollar Crisis and Ultimate Banking Crisis in world history occur.
Step 3: The media and experts start talking about how only a bank of the world that everyone in the world has to pay interest and debt to can possibly bailout the world economy and fight the Greatest Depression. BIS and IMF are considered to be the new "Fed" that are capable to save the world economy by being the ones to issue its debt.
Step 4: Meet the new boss... Your plan for the old New World Order is back on the fast track, having been stalled a bit over the past two years.
Step 5: Answer CAPTCHA question: "38 plus ___ equals 38".
I wonder who will own this only world bank.. I'll bet not one owner will be Jewish..
Century bonds?!?!?! They need big biger biggerest thinking. A thousand year Reich...erm...Dumbocracy of pr0n freedom and football needs millenial bonds!
This reminds me a lot of all of the stories of octegenarians taking out 30-year mortgages to buy houses. Good luck collecting from a dead man.
Embalm this, bitchez.
Century Bonds are Perpetual Bonds. When a nation resorts to that, it's unofficially declaring insolvency.
The UK government issued perpetual bonds in 1917, paying a 3.5% coupon. The amount borrowed was £1.9 billion, which was a hell of a lot back them, but they are still going strong. In some ways, you are right, the UK was on the brink of insolvency back in 1917....
It's a running joke that a century bond is one that is the bond of last resort. It means an empire has run out of options to sustain the house of cards. There is a reason for that.
I'm sure that the Fed's bean counters have concluded that there is a very high probability the end of the world will occur within the next few decades. Either way, those bond holders will never be paid back.
If they never fail to raise the debt ceiling, it means there effectively is no ceiling. What a fucking joke.
They don't even offer up a budget. Why the freak do they need to pretend that there is a debt ceiling? I expect this little dog and pony show to be put to rest in the next few years. It will be for our own good.
At the moment the bullet entered Winston's brain he learned to love Big Brother.
I'm surprised people trust these guys with even an attosecond bond, much less a femptosecond bond.
You are right tmosley. These same people I wouldn't trust minding my goldfish for a weekend but here they are responsible for a country with a $14 trillion GDP (supposedly) and the largest nuclear weapons arsenal on the planet.
I'm glad I didn't pick today to quit sniffing glue.
what's your goldfish name?
If, as Goldman believes, congress waffles, how do the PM's respond? This is a pivotal time that will go down in American history books....if anyone is left to write about it.
How far can they kick this can down the damn road? Instead of kicking it they want to pick it up and throw it. "Give me a 250 year bond please sir, I want to invest in my great great great great great great granchildren's future, for they will surely be FUCKED!!"
"That will be $45mil. Please drive to the first window."
" Can I have some Unfunded Liabilities on the side with that too please?"
"No, but if you purchase five-500 year bonds you get a 1,000 year bond ABSOLUTELY FREE!"
(with nominal inheritance taxes, of course.)
By that time the scrap value of the bond certificate itself will be worth more than the redemtion amount.
At the rate cotton's going it almost makes sense to accumulate, compress and store the raw materials then exchange them for PM's later.
Century bonds are crazy genius. Soak up liquidity with further fraudulant balance sheet support to allow continuing bonuses. Them white shoe boyz is good. As criminals at least.
Extend and pretend like donkey kong.
I'm telling ya, the supposed real crooks, the mafia, can only sit in awe and wonder at what the banksters get away with.
That's what Lucky Luciano grieved after spending time at the NYSE: "I picked the wrong mob."
why dont we just go Iceland on these fuckers and start over? 2 years of pain vs 100 years of debt slavery. i'll take the 2
Just issue prepetual callable bonds in both floating and fixed rate flavors
In fact, if I remember some of my ENRON accounting studies, because it would not have a maturity date, it would then qualify as equity, and thus would be a nice way to get around the debt ceiling
Who would buy this shit?
Perhaps the purple octopus looking aliens NASA is searching for so desparately... "Bring cash, and lots of it," is the signal they have been sending to outer space. Thus the reason we've had no response. Muthafuckers.
Question is who are they gonna flip 'em off to.
PD: Hello Ben? ... Yeah, Timmah foisted some shit on us. Send over your garbage truck.
Ben: You have to hold it a week so we can repeat the lie to the Chinese that we're not monetizing the debt.
PD: &$#!*@ I gotta hold 'em a week? These things are even stinkier than those 2007 Neg-Am ARMs and NINJA mortgages!
The desperation is setting in. What would your price a 100 year bond at for a country that has the largest debt and deficit in the history of humanity and a Central Bank that can inject figures into the money supply larger than the number of atoms in the universe? Anything above ZERO would clearly be overpriced.
One can only imagine the yield on that
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