This page has been archived and commenting is disabled.
The "Shocking" Buying Spree Of America's Mysterious Third Largest Treasury Holder Ramps Higher
When we reported last month that in a shocking twist, "Belgium" holdings of Treasurys had soared by a massive amount in the past three months, making the tiny country the third largest holder of US paper, our Belgian readers took offsense alleging it is impossible that Belgium itself could be buying all this paper, explaining it was all Euroclear. Well, yes: we know and noted that, which is why those same readers probably should have actually read the part in the post which said: "our question is: just who is Belgium being used as a front for?
Recall that for years, the "UK" line item on TIC data was simply offshore accounts transaction on behalf of China. Of course, since China hasn't added any net US paper holdings in the past year, the UK, and China, are both irrelevant in the grand scheme of things. "
So yes, to clarify for our trigger-happy Belgian (non) readers: it is quite clear that Belgium itself is not the buyer. What is not clear is who the mysterious buyer using Belgium as a front is. Because that same "buyer", who to further explain is not China, just bought another whopping $31 billion in Treasurys in February, bringing the "Belgian" total to a record $341.2 billion, cementing "it", or rather whoever the mysterious name behind the Euroclear buying rampage is, as the third largest holder of US Treasurys, well above the hedge fund buying community, also known as Caribbean Banking Centers, which held $300 billion in March.
In summary: someone, unclear who, operating through Belgium and most likely the Euroclear service (possible but unconfirmed), has added a record $141 billion in Treasurys since December, or the month in which Bernanke announced the start of the Taper, bringing the host's total to an unprecedented $341 billion!
Also of note: Chinese holdings of US Paper dropped by $2.7 billion to $1273 billion, offset by Japan's $9 billlion increase in holdings to $1210 billion, as the convergence between the two countries resumes.
One thing that is certain: the mystery buyer is not Russia, which in February, or just as the Ukraine conflict was starting, sold another $6 billion, bringing the Russian total to $126 billion, the lowest since 2011, and the biggest annual drop, -24%, in holdings in history.
»
- 68888 reads
- Printer-friendly version
- Send to friend
- advertisements -
You know Belgium/Antwerp has the largest population of diamond dealers in the world, and knowing their origins...Always follow the tribe...oh, the money.
Maybe it's Herman van Rompuy?
Let me guess: the Fed´s new buddy is the Principality of Sealand.
Hey, My avatar is getting popular around here I see....better IPO fast!
It's that other Fed behind the curtain, at the real Fed behind that other curtain.
This is the Epitome of a PONZI SCHEME:
The IMF - the true owner of the Corporation USA, U.S.A etc is buying more shares in it's number 1 investment. But then ofcourse, the BIS owns the IMF so its really the BIS buying. But then again the FED pumps 1 trillion a year into the IMF SO ITS REALLY the FED buying its own paper...
oh but US taxpayers are responsible for FED purchases .....which really really means
USA = JAPAN
kYLE bASS ......ANY ADDITIONAL THOUGHTS?
Yes, taxation without representation for the entire western world- "winning"
I like Kyle. He would be right about a lot of things if it wasn't for the bankers having a printing press. The only thing I totally agree with him on is aquiring physical gold, no matter what the price does short term. That ponzi requires delivery. They will run out.
Q... Kyle is brilliant but he is probably as amazed as us at the ongoing magic show.
if the IMF is "the true owner of the USA Inc", then explain to me why every freaking shareholder* of the IMF - meaning all G20 nations's govs except the US Gov - is pressuring the US Congress to allow it's capital increase plan
The IMF grovels like dogs for BIS table scraps.
Where is the ESM (legally) situated?
Probably Euroclear. $22tn in derivative contracts do require some 'top quality' collateral, and one can always count on the Belgians as conduits of stupidity.
Still the timing is suspicious. Last year we had Bernanke puzzled at the bond rout following talk of tapering. Now that the taper is here and bonds are rallying, it's my turn to be puzzled.
Come on man...use that noggin. You are right, they tried it once and got major backlash with that program....so they pulled back and formulated another plan....the one you see in action today. It is brilliant as they can untaper and rates don't rise...however, it goes directly against what the .fed said what it won't do. Direct purchases....didn't they call them 'unsterilized'? Who knows. Fuck the money changers.
Brush up on your mandarin now, you'll need it in a few years if you want to get an auto or home loan.
or a job
or a bowl of rice
Nevada solar energy?
"In summary: someone, unclear who, operating through Belgium and most likely the Euroclear service (possible but unconfirmed), has added a record $141 billion in Treasurys since December, or the month in which Bernanke announced the start of the Taper, bringing the host's total to an unprecedented $341 billion!"
Who has 341 billion to throw around? Seems it should be rather easy to figure that out.
It is the ECB or hidden chinese purchases. Most likely the former
. "Who has 341 billion to throw around? Seems it should be rather easy to figure that out."
Well you see, the money is make believe money so that's why it's tough to figure out who it came from. I have 342 billion I can give you, it's not really a big deal.
Maybe Belgium was ordered to take point....well maybe just bribed a lot.
The Fed continues to pull rabbits from a hat that is empty.
Amazing... like Merlin.
The hat has a 3d rabbit printer in it.
So this what what Chairsatan meant when he said "We have other extraordinary tools in our chest, to deal with rising rates when we taper"... Fucking cocksucker should have said we're never tapering.
This little dog and pony show is already revealing itself with the weaker dollar through direct monetization and higher inflation via devaluation. Keep it up fuckers... It's all going to explode right back in your thieving faces!
I hope they never taper. We are destroyed if we do because the deflation monster is so big.
We need a two percent hedonically adjusted CPI to stay ahead of him.
Those iPads ain't going to eat themselves.
The ECB and Fed are just kiting checks back and forth.
Unless the Chinese with all their big talk are too ashamed any more to buy openly.
I vote for the former
"Belgium is a chocolate"
The ECB. Cause the US and the EU will go down together. They are joined at the hip. Historians in the future will wonder how it was possible that the West did not see it all coming and did not something rational about it.
It has to be Zimbabwe - it has gone full retard into Treasuries. There is no way it is the Exchange Stabilization Fund, operated by the US Treasury. No way, because that would be deceptive and dishonest and anti-apple-pie-goodness behavior.
It's ... Zimbabwe. Not the ESF. <waves hands> This is not the market manipulation you're looking for.
Warren Buffet did it - fucking bitch!!!!!
Belgium makes gold coins with chocolate centers, well that's MORE than what's in Fort Knox...
Brussels Sprout. When it farts, hold your nose.
X-ray-like financial transparency for the little people (KYC, FATCA, etc.), total opacity for institutions. Make complete sense, in a crony corporatist kakistocracy. Globalist debt holders are the new slave holders. #solddowntheriver
Real Eyes
Realize
Real Lies
This circle jerk is simply depressing. Someone just push the button already.
Bob Chapman claimed that the Feds had set up foreign accounts to buy US treasuries to make it look like they were in demand. I am sure that is what this Belgium account is about. A private market clearing rate for the bonds would probably be around 5%, and then the debt spiral would destroy the Fed. Gov. and the dollar
And if I understand things correctly, that wouldn't show up in the monetary base which equals currency in circulation, currency in US bank vaults, and reserves of US banks on deposit with the Fed.
I'm pretty sure that the 3rd largest holder is also the 1st largest holder - FED!
Yep! Think so too...
Tyler, there's a explenation for this.
They're using private bank account funds to buy those!!!!!
For years we've been hearing about HYPERINFLATION...is it coming?
Splooged all over London, Beijing, Manhattan. Dribbled down the silicon valley. But mostly swirling 'round the rim of D.C.
Only if you eat. Hot money is flowing into farmland, as the oligarchs are running out of places to safely park it.
Be patient. With the Fed balance sheet so out of whack this evil will come back to us eventually. I don't think it will be Argentine level hyperinflation but I don't think low double digits are out of reach. Rest on the assurance that there's never been a case in history where excessive growth in the monetary base has not led to inflation. Like the movie Field of Dreams, "build it and they will come". Build the monetary base and it will inflate.
Dear CouldBeWorse, It could be much worse than low double diggits. The modern economy that has evolved over the last several decades is loaded with interwoven contracts reeking of contagion. If faith drops in these intangible "promises" and money suddenly flows into tangible goods seeking a safe haven inflation will soar. Never before has mankind diverted such a large percentage of wealth into intangible products or goods. I contend this is the primary reason that inflation has not raised its ugly head or become a major economic issue.
This is correct.
Its why buying tangible assets, especially ones that don't depreciate are great ideas. Once confidence in
"IOU $1,000,000 from payer X who will get it from payer B after payer C sells land owned by payer F which is backed by an IOU to payer H which is contingent upon interest rates staying below 4%, or, if they rise, then in the alternative payer Q pays payer c $15,000,000 which is back by gold owed by payer Z, which is in Bank 1'S valuts, which is backed by payer J etc., etc., etc.,"
type of nonsense subsides, then the rush for the tangible assets, will make us ZH bugs very wealthy overnight -- if we don't get assisnated first.
Maybe the taper is just a mirage and Belgium is front running for the Yellen.
Wow, they thought no one would notice this or what?
That's not it. They knew no one would report on this.
Or maybe they figured if someone did no one would care. Their greatest weapon is the stupidity and ignorance of this "Great" nation.
You won't even hear Santelli reporting this story
Yeah, he likes breathing.
It must get just a tad lonely for that guy given who he surrounded by.
The Fed.
Like a crack head selling to themselves it always ends badly.
The US is the buyer of last resort for UST bonds.
Who else would buy this shit?
US federal and state employee pension and retirement accounts get the shaft.
Hey, BLM rent-a-cop, guess what? Your retirement account is worthless.
HA!
HFT....Here we go....a front row seat as to how HFT fuckes up the program.
They frontrun every single order of size and, call me crazy, it exacerbates and amplifies the moves.
That is why we see 4, 5 or 6 point moves in milliseconds.
Like Nitrogen w/cars......
All, it's smoke and mirrors.
One thing for sure, anyone uncovering this debt circle-jerk on Fed's game would make history.
The person that could uncover the Federal Reserve's smoke and mirrors would probably end up dead.
The central banks of the US, Europe and Japan will easily commit murder(s) to keep their system from being exposed.
Only Russia and China could do it if they found it in their interest to do so.
and you thought the PPT was just for the stock market?
The FED is masterbating because no one wants to have intercourse with it.
The monster it would spawn would be hideous and horrific.
Would spawn ?????????
Did spawn -> Janet Yellen
So there are aliens - and they're rich!
We live in a world of lies. Nothing, even the truth, can be believed. This is just one more major global scam which everyone (not including folks here) choose to believe. The level of games and manipulation in every single aspect of the financial markets is impressive for how well and how long it has been working. One can't help but get the feeling that when it goes, it will REALLY go.
On a related topic of Tax Day, aren't we living a very sick joke where we pay to have psychopaths spy on our every moves and enrich themselves at the same time?
c'est la vie.....just hard to swallow.....the world is a bunch of shit.
Health insurance is a bunch of bullshit......talk about lies...epitome of deception for profit.
WHEN DO YOU KNOW ANY PRICES WHEN YOU GO TO A HOSIPTAL? "HEALTHCARE" PRO, NEVER, EVER!! Would you go into a restaurant and order food without knowing how much it is??
No fucking way! NO, that physical will cost insurance $25,000, max out your deductable and well.....leave you helpless.....
(sorry, off on a tangent).
How does that song go?
"catch a falling knife, put it in your pocket....never let it fade away...."
http://www.youtube.com/watch?v=U08iKG4tfFE
BIS branch?
BIS? The Big Boss.
BIS = Uncle Paulie
http://www.youtube.com/watch?v=2-jhmkcOGAA
Program this into your ALGO:
US Treasury Bonds = SHIT/SELL$$$$
Virtually all of the Treasuries you cite here as being bought by "Belgium" are Bills -- which are not included in the longer-term TIC data. Any thoughts as to the relevance of this fact?
ECB hedge for the Fed/ECB usd/eur swap line?
Randoph and Mortimer Duke are at it again
Maybe the US and the EU will just agree to endlessly buy each others debt and then pay each other the same $100 dollar bill over and over and over forever. Problem solved.
The only one I can think of who could nail this without question would be Stockman ..
I am also thinking that there is some fuck faced piece of federal shit sat outside his house with a loaded gun and orders to act in an instant if he gets the call.
I also think Mr Stockman was forewarned too.
I also think one filthy corrupt slimy Kenyan monkey has signed an executive order to ensure it happens
Now will the real fucking American Morons please stand up and salute their fucking monkey god.
So that we know who you are
Belgians.
https://www.youtube.com/watch?v=PrvXoin9NcA
Russian oligarchs moving money out of Russia into safe haven treasurys....
Isn't the Blood Red Moon a sign of the last days?
An ECB hedge for the Fed/ECB swap line? Neither party really wants the public to see either one profit.
WELL.. the central banks are controlled by a family worth $TRILLIONS.. perhaps it is the Rothschilds or some affiliated group out of "Europe".. ??
Its the ECB. They buy US treasuries, Fed buys Italian and Spanish bonds. Call it a ponzi scheme, or check kiting. Whatever.
One buyer who's been quiet lately is our friends the House of Saud. The original deal was the US would provide military protection, and the Saudis would invest their petrodollars in UST.
Of course, that's morphed into the US Military as the Saudis' mercenaries conquering the Islamic world for a New Caliphate. But no one could have seen that one coming.
So, at most outrageous, prepayment for a new round of conquest? The American Empire is becoming too expensive for the American taxpayer to support now that we're all flipping burgers and mowing each other's lawns.
That would make it a small operation: 140B doesn't buy many days of military operations, even if the veterans are going to be thrown into the homeless shelters. Interesting to see what arises.
Nations are printing each others currency like in WW2
Yes, the smart money would be on the Fed itself buying the debt, through the Belgian intermediary.
Is this supposed to be hard to figure out?
How do you say "double post" in Belgian"
The games central bankers are playing in supporting their and other currencies has reached a dangerous level, we may be in the "red zone". History has shown that in the past both leaders and governments have fallen with the demise of their coin.
This most likely is another move by central banks to support the system. The volume of trades, the sheer magnitude of monies flowing back and forth across borders has become staggering. This area of finance has become the worlds largest casino, where players have the potential to quickly suffer staggering losses. More on these dangerous games in the article below.
http://brucewilds.blogspot.com/2013/01/currencies-games-in-danger-zone.html
Players suffer losses, not the Cassino.
With the digitization of commerce and finance... what's so absurd about entertaining the possibility that they have set up the MOTHERfucker of all shadow banks to absorb the financial collapse?
plus a couple trillion ]:)
To me it's simple.
The US Fed is printing/digitaly printing the amount and using these funds to buy the Treasuries.
Earlier doing it through the Caribbean offshore centers.
For some reason they have changed tack now and are using Beligium now. One more thing is under which name these Treasuries are bought. And whose control is it in the final analysis.
And of course when the heat is on they will change from Belgium too!
ECB buys treasuries. Posts them as collateral to the FED and borrows more USD, uses those new USD to buy more treasuries, so on and so forth... Never ending Ponzi! All legal and accepted financial practice. Treasuries dont get discounted. You get 100% of what you post!
Taiwanese-issued RMB bonds (Formosa bonds) are now being handled by euroclear in a deal hammered out with citi group and Taiwan Depository & Clearing Corporation (TDCC). USTs are the cheapest money in town. If you are gonna start clearing large number of transactions out of asia you'll need some greenbacks in the basket. my guess is that Eurozone is in full on crisis management mode given ukraine situation. UK and Germany just announced deals for settlements RMB/Yuan in an effort to hedge bets. What better time for the Eurozone to throw in with the brics over a trumped up crisis such as is currently occuring with russia and ukraine?
$341 billion!! That's amazing.
That''s not far from 100% GDP. It's like China was holding $6 trillion.
Jeez. We talked about this a month ago in the Friday blog, LIE OF OMISSION. The buyer is the FED. Who else has that kind of scratch? Like you really need to be a genius to figure that one out. www.electanewcongress.com SERFS UP AMERICA!
Not knowing who's buying the notes means not knowing where the money came from to purchase them which means it probably came out of thin air like all the rest of the world's money supply. Someone friendly to the Fed hooks into a Belgium server, punches in a number, sends it to the Fed, the Fed sends back a number and Voila, there is still high demand for Treasuries. I might be simplifying things a bit, but this is how I have come to see the whole non-functional money system as it somehow just drags on.
I just want to see a complete audit of the FED before I die, or before they leave the country for warmer climes to "settle" in.
Simplifying things ? I think you make it too complicated. The Fed could simply carry out the trade via a VPN computer in Beligum with itself in the US.
What happened to the claim that the fed was running out of debt to monetize?
Questonable... $10 T of notes / bonds publicly owned...Fed owns $2.4 T of these notes/bonds...$5 T owned by "foreigners"..
only another $2 T w/ domestic (non-Fed) sources...if we assume most "foreigners" since '09 is actually Fed...then yes, Fed is running out of debt to monetize.
FUCKING JOKE - ALL OF IT>>>Look @ Banking Euro zone...increased by 1600% since '07...Just Belgium, Ireland, Luxembourg increased their notes/bonds holdings by over $500 B...Core EU (Germany, France, Italy, Spain, Netherlands together only increased by $70B... Fucking Joke in our faces!!!
Jan '00 - '07 - Dec '13
$1 T ---> $1.6 T ---> $5.6 T (cumulative "foreign" held US Treasury debt)
25% ---> 40% ---> 55% (% of notes / bonds held by "foreigners")
1% ---> 1% ---> 25% (% Fed held notes / bonds...Fed primarily held Bills until '08)
74% ---> 59% ---> 20% (% domestically held notes / bonds)
180% ---> 130% ---> 247% (% public vs. intra-gov debt)
350% increase (public outstanding debt, $3.5 T to $12.4 T)
250% increase (intra-gov debt, $2 T to $5 T)
6.6% ---> 5% ---> 2.4% (net interest rate on debt)
$300B -> $270B ---> $223B (net interest paid on national debt)
$9.2 T --> $13.7 T --> $16.1 T (GDP = 75% increase);
$5.7 T --> $9 T --> $17.4 T (National debt = 305% increase )
In the US, 1/3 of all Treasury debt is now "foreign" held and 55% of Public Outstanding. With the Fed tapering (for argument sake to zero by year end) and deficits persisting, someone will need to continue buying the new issuance of a minimum of $500 B plus rollover all existing debt. States and domestic institutions are loathe to buy @ such low rates. This leaves only "foreigners" to continue increasing their gross and % of US debt likely to 75% holdings of all notes / bonds by 2015 and nearing a 50% holding of all US Treasury debt.
The implications for Japan are scary but regardless whatever debt level is hit and the corresponding interest payments, the silver lining is the money will remain in the Japanese economy. These Yen paid in interest can at least stay within the Japanese economy increasing the money velocity and multiplier effects.
The implication for the US are honestly far worse as "foreigners" are under no such national duty and may redeploy assets as they please. Much of the interest paid to "foreigners" simply exits the economy with no multiplier or velocity effects.
The idea that this is sustainable or that US debt isn't an issue right now, right here is unbelievable. There is a $5 T and growing weight over our heads and the rope suspending it can fail at any moment. A reversion to the average 50yr yields around 7% would produce Treasury yields with gigantic interest payments, of which nearly half would exit the economy to "foreigners":
5% blended interest payments = $875 B of which nearly half would likely exit the economy.
7.5% = $1.3 T
10% = $1.75 T
(btw - total '13 Federal tax revenue = $2.8T)
Of course there is always the chance that the Fed (or it's agents) are actively buying Treasury's in a shadow QE as some portion of the "foreign" demand. And that's a whole other discussion.
ASIA
'00 '07 '13
China $60 B ---> $400 B ---> $1.27 T
Japan $315 B ---> $600 B ---> $1.18 T
Taiwan $35 B ---> $38 B ---> $182 B
HK $39 B ---> $52 B ---> $159 B
Singapore $30 B-> $30 B ---> $86 B
India <$5 B --> $15 B ---> $69 B
Thailand $13 B -> $16 B ---> $52 B
TOTAL $497 $3 T (600% increase, '00-'13)
AMERICAS
Brazil <$5 B ---> $54 B ---> $245 B
Canada $15 B ---> $28 B ---> $56 B
"Carribean banking centers"
$ 35 B ---> $68 B ---> $291 B
TOTAL $55 B $592 B (1100% increase)
MENA
"oil exporters"
$45 B ---> $112 B ---> $238 B (500% increase)
EUROPE
Russia <$5 B ---> $9 B ---> $139 B
Norway <$5 B ---> $20 B ---> $97 B
UK $50 B ---> $100 B ---> $164 B
Switzerland $18 B> $34 B ---> $175 B
Turkey <$5 B ---> $25 B ---> $52 B
TOTAL $83 B $627 B (750% increase)
BANKING EURO
Ireland $5 B ---> $19 B ---> $125 B
Belgium $28 B --> $13 B ---> $341B
Luxemburg <$5 B-> $60 B --> $134 B
TOTAL $38 B $600 B (1600% increase)
CORE EURO
Germany $54 B ---> $50 B ---> $67 B
Italy $20 B ---> $14 B ---> $30 B
Netherland $13 B-> $15 B ---> $37 B
France $27 B ---> $10 B ---> $54 B
Spain $20 B ---> $<5 B ---> $23 B
TOTAL $134 B $211 B (57% increase)
BANKING CENTERS
"Carribean banking centers"
$ 35 B ---> $68 B ---> $291 B
Switzerland $18 B> $34 B ---> $175 B
HK $39 B ---> $52 B ---> $159 B
Singapore $30 B-> $30 B ---> $86 B
Ireland $5 B ---> $19 B ---> $125 B
Belgium $28 B --> $13 B ---> $310 B
Luxemburg <$5 B-> $60 B --> $134 B
TOTAL $160 B $1227 (800% increase)
Thank you. WHEN (not if) the sell-off of these "securities" starts in earnest, THEN the end game is on, and the financial WAWKI is nigh. It'll be one for the history books, not to be forgotten in many life-times.
Good research.
Thanks!
This is great Belgium has $460 billion of public debt and now they loan the United States $480 billion
How do I get in on that action? Should I not file my taxes for a few years and then the government will give me a really awesome tax return when I do? I'm not sure how to do it, maybe someone can point me in the right direction.
This is one helluva money laundering scheme.
It's the FED - they have unlimited funds - and have promised their Bankster masters that the party will only end for "the little people."
No, it's Jean Claude Trichet, wearing a Bernanke mask and hooked up to an I-V of Popov Vodka....
"It's repulsive and repugnant"
Here is Lou Dobbs report on the Bundy Ranch cattle theft, and land hiest that includes reids ties to the chinese.
This is the biggest news on the net.
http://www.youtube.com/watch?v=RtYUZEuMveE#t=82
Which means it will not be touched by the "MSM."
Don't we have a right to know who buys and sells this paper? It certainly is not the sovereign nation of Belgium. So, why is this not being explored by anyone? if someone deposits $10,000 cash in their account they get investigated but if an unknown entity moves, 341B this quickly... Not a peep? Ooooookaaay?
Maby the Treasuries are to balance all the nice Belgum chocolates the Fed buys. Fort Knox is filled with chocolate coins with glistening gold colored foil wrap.
Didn't they caught two agents of Japan traveling through Europe with stash of T bills?
Does it matter who is actually buying the bonds when the Fed is just printing up fresh debt for them to make the purchase with?
I know who is footing the bill for this...anyone who has savings earning sub 1% on them.
Say Taper down, but do taper up...... lets have it both ways.
It is indeed a bit strange, but do you really need to make the chart look uber-dramatic by manipulating the Y-axis to start at 130 Billion rather than at 0?
We have Magritte : "Ceci n 'est pas une... ."
As japan is in the process of printing $2 trillion with the blessing of the IMF and the BIS I rather suspect it is Japan whos is using Belgium to buy the bonds.
nothing new under the sun....do you think priceline's shares are worth $1000+ each, large stock traders banks funds what ever, buy each others bs high flyers, you buy pcln we buy your FB or your amazon, kiting stocks and bonds is a way of life, and riches on wall street and now international in scope..it's all a scam, easy to do and hard to prove, but stay away from the dagger to the whole program: gold.
Something to do with the Chateau des Amerois no doubt.
Even if Casey Research are correct it doesn't explain the whole movement. Belgium is up $31bn, Russia is down $6bn. Unless they're saying Russia increased their holdings whilst also planning for sanctions?
IF the IMF buys the bonds can't they then print SDRs worth 10 times the value of the worthless bonds?
No, of course it's the fed.
I may have stumbled onto something here. I don't think Belgium has anything to do with it. I think the Federal Reserve Bank is buying the treasuries in order to keep yields down and offset the taper of QE. Has anyone else come to this conclusion?
Read the posts, dude.
it's probably draghi supplanting all the fed's purchases and in exchange yellen is buying worthless european sovereign debt?
Wow, Shocking indeed, I remember when 100 Billion was big money.
The fact that we are even having this discusion.......
Why is the unsustainable being sustained?
Things just needed to get a bit worse than what the public would have been comfortable watching.
The coming of the NWO will soon be apparent as the solution to the unsustainable.
Newsflash, the NWO is already here, and has been for quite some time.
May actually be what "Mission Accomplished" really meant, GWB...they won but only because of weak links in the chain and methods more honorable men would never employ to minimize the competition and adversaries.
"The usual 10 million in USTs, Mr 'Bernakey?' You're here every day, just like clockwork."
But I didn't know until this day that it was Barzini all along. – Don Vito Corleone
When Europe was collapsing financially, US TARP money went to them. Now, they're returning the favor. It's all the same entity, really. Just moving it from one pocket to the other and back.
holy shit batman, this is money laundering.
where the fuck is FACTA when you need it?
This just smells like the last move. After Euroclear, who next?
The parasite must find another host.
To quote a Great American Philosopher "At this point, what difference does it all make."
We're living in a world of accounting fictions. A world of living by your wits. A world divided between net receivers and net payers. Which is further divided.
Net receivers and most net payers who occupy a niche which allows them a good living standard, aren't concerned about the petty problems of net payers whose living standards are sliding or who are bothered by parasitism.
They'll just continue to be oblivious to the fantastic corruption and maintain it's all part of collective action norms.