Fed Buys Back 30 Year Bond Auctioned Off Last Thursday
Earmuffs time for those people (all utterly clueless three or so of them) that the Fed does not monetize the US debt.
From last Thursday, the the US Treasury so generously issued $16 billion in 30 year bond (Cusip: QZ4)...
... to today's POMO, when the Fed so generously monetized some $39 million of the same CUSIP, after the obligatory settlementin the hands of the Primary Dealers of course.
...with about $13 billion more to of this specific CUSIP left to go. From the US Treasury:
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- Ben S. Bernanke
Need a good laugh?
http://www.youtube.com/watch?feature=player_embedded&v=Jr7McLhZmyE
yep, this is the world we live in folks! mindless, moronic, hope-n-change sheep...
Just think of what the velocity of money is going to be when it breaks loose of the closed Fed cyclotron..
Gubbmint will take care of it. They want to make (their) our lives better.
A "thriving" middle class.
Vince Vaughn to Bernanke: "Oh, I'm the asshole??"
Ben Bernanke, guilty of crimes against the State and the American People. This is as clear as day. What exactly is the penalty for robbing every man, woman and child in the nation?
Actually, Bernanke to the citizenry: "Earmuffs."
According to the fines and sentences handed down to LIBOR manipulators that would be exactly.... Zero. Zero penalties.
According to the Bernanke stating blank-face under oath that he would not monetize the debt, then doing exactly that less than a year later? Zero penalties.
Despite this affecting every citizen at some level just watch, no one person would be allowed standing to initiate a suit of any sort. And since ZH has shown much of the current flow goes direct to EU banks? Any suit with merit will eventually be quashed for "national security" reasons if not long before it even reaches that level of scrutiny.
Me, cynical? Nah, realist. :-(
at the time the Dolla Menu becomes the Fiddy Dolla Menu
And you will still be eating pink horse slime.
You will want to be able to afford pink horse slime.....
Ben can solve that in 15 minutes. I heard him say it. He wouldn't lie
Its about goddamn time the nature did its survival of the fittest thing.
wow, it's been a while
Ps: you were right
Do any of you clueless motherfuckers who constantly claim that the Democratic AND Republican Parties aren't an illusion of choice, when in reality, they're BOTH owned by the exact same entities to do the exact SAME large-scale things, care to defend your position with anything more than talking point tripe?
I'll wait with bated breath to see Bernanke & the elders at the Fed asked a single question about this by any "Republican."
Gay marriage, bitches! Oh noes! Republicans generally oppose it and Democrats generally support it. It'll be the death of the nation! (and other carefully selected, yet generally meaningless, social wedge issues).
hey TIS, maybe your kenyan daddy Obama will "hope and change" your liberullz diaper for you cuz you didn't build that! ™ -typical ZH Foxtard
(sorry, couldn't resist)
@ TruthInSunshine, Spot on. May I add the following:
They want our guns because they know the game is about up. The music is about to stop and the dollar is going to be worthless. When the dollar’s true value is realized everybody who had most of their wealth in paper assets are going to be pretty pissed off to say the least and looking for blood and vengeance to say the most.
Thats why our government agencies are stocking up on ammo and want to get all the guns and ammo they can out of our hands. When the system falls apart and the stores are bare because the transportation of goods has collapsed everybody will know without a doubt why they were trying to shut down the second ammendment.
They don’t care about our lives. They just want to protect their own lives since they know they are the criminals that got us into this situation with their bankster overlords.
Yes and they are getting frantic about it.
You might check immigration policy. The War on White People is not being conducted by Republicans.
Yeah right, Bush and the GOP did a lot to stem that tide...............
Yeah, whatever "war on white people" you see is no doubt related to issues over immigration and such, with Republican-favored H1B visas, an aggressive Republican program to expand their share of the hispanic voting base (code word for cave to whatever is "wanted" to secure the votes), etc., JUST like the Democrat fucktards.
Republifucks and Demofucks, indistinguishable in 99.5% of what they DO, and MAYBE 35% of what they SAY.
(This is not a commentary on the merit of gearing political issues to the concerns of American CITIZENS of hispanic ancestry whatsoever, but to demonstrate the larger point that both parties are comprised of knob gobbling whores of the exact same variety, working for the exact same "owners")
It will all come to an end soon enough. Myself i use each day we are still above water to hone my system that will hopefully pull me & mine through the coming shitstorm. As me & my wife were discussing this weekend , nothing is certin anymore. Hopefully someday the globalist bankster scum get what they have coming.
The “government” is a criminal organization. They rule with fire power. They are a gang that numbers in many thousands. Their goons are everywhere. America in under an occupation of criminals and will continue to be until they are at last forcibly removed from our land. Their economic Ponzi scheme is about to collapse and the main mechanism of their control will be gone. Their central bank, the Fed Reserve, (see fifth Plank Communist Manifesto) has run its course. A 100 year conspiracy is coming to fruition and the deed is done. Just one big problem for them, 200,000,000 guns in the hands of free Americans who hate their guts, and are hell bent of restoring this Republic to Constitutional legitimacy. Whatever cruelty, whatever ruthlessness the criminal “government” uses we must exercise even more so. Don’t forget, they want us dead. No quarter for traitors! No quarter for the enemy!
Oh contraire...
Another wedge issue. The Republican war against Ron Paul was a war against Liberty.
When things get serious, you have to lie.
Some European asshole. Fuck you Junker.
Put that scumbag Bernanke in jail for perjury with that even bigger scumbag Corzine!
Then demand to have the U.S.D.A. DEFUNDED for indoctrination!
fuck you bernanke you lying shill
"Na na na na na na na I can't hear you." Okay Mr Bernanke you can take your hands off your ears now.
- Ben S. Bernanke
Banking is an art of fraud
-The Truth
abstract, impressionist, finger painting or playdough?
So a trillion dollar coin minted by the Treasury was an absurdity, but if we do it in $85 billion dollars intervals and through the Fed, then it's "getting to work". Yeah, I see it now.
- Ben S. Bernanke
Doing the opposite never looked so good.
he sure is obsessed with something "irrelevant"
that's the thing about these high level asswipes. If they had to duke it out in the real criminal world, where real things matter, they'd be dead in a week.
if you vote and are registered D or R, and are fed (cough cough) up then get off your fat ass and change your voter registration to a third party or indie..if enough voters do this it will send a message..but then no stay on your fat asses and post your drivel.
this is a riskless transaction for the primary dealers so why isnt there public outcry about ripping off the taxpayers?
Never mind, Ill just answer my own question: LOLOLOLOLOLOLOL
who do they buy this crap from ? Soros ?
The relevant thing is that they are co-signing the taxpayers' names to it.
[Edit: they are signing the taxpayers' great-great-grandchildren's names to it]
What about the debt ceiling? So these 30 yr bonds are to replace bonds that came to maturity??
75% of the 30-Yr February issuance? Looks like desperation to keep the long-end of the yield curve down...
(what's to become of the "housing recovery" when mortgage rates go up 75 bps in the next few months...?)
I've been all over central Florida checking out property for the last two weeks.
Billboards on both coasts advertise 2.99% commercial loans or home equity loans.
Idiots on steroids.
I just refied to a 15 yr 2.75%
It's almost like free money with real inflation being well above said 2.75%
I just refied for 30 years. I plan on paying back my mortgage with obama/benron bucks. The present value of those last 15 years will be the equivalent of a Kalikfornian teachers pension - worthless!
Who says the auto makers can be the only one to channel stuff?
This is turning sureal.
How much more of this blatant bullshit can this lot pull off before it comes crashing down?
I am almost lost for words??
The sad thing is I can see this lasting for years. Just enjoy today, keep stacking, and accept what is most likely going to happen.