3 Month Bill Prints At 0.000, Or Out Of The Risky Pan And Into The Ponzi

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Thu, 08/04/2011 - 09:00 | 1523349 snowball777
snowball777's picture

Trash, I say trash, bitchez!

Thu, 08/04/2011 - 09:07 | 1523380 Cash_is_Trash
Cash_is_Trash's picture

When the HFT algos attack the gold shares and a short squeeze is imminent, we shall see some real fireworks!

Cash is Trash: If it ain't metal, it's trash.

Thu, 08/04/2011 - 09:01 | 1523355 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The ponzi is based on IOUs.  What happens when something is not payed....NOTHING.  Nothing happens.  Just a bunch of pissed off people over the definition of 'good faith and credit'.  Sorry, but we all bought in.  No more paying.  No more debt.  No more fiat. 


Thu, 08/04/2011 - 09:06 | 1523374 Snidley Whipsnae
Snidley Whipsnae's picture

Maybe a bit off topic but gold just blew thru $80 and silver thru $42... waiting for the takedown...Dow futures down 91... We live in interesting times...

Physical Bitchez...

Thu, 08/04/2011 - 09:13 | 1523410 Cash_is_Trash
Cash_is_Trash's picture

Telegraph UK estimates gold at 2,000 by year end.

At this rate, it'll break 2K by months end.



Thu, 08/04/2011 - 09:13 | 1523376 snowball777
snowball777's picture

I have possess'd your grace of what I purpose;
And by our holy Sabbath have I sworn,
To have the due and forfeit of my bond:
If you deny it, let the danger light
Upon your charter, and your city's freedom.

Thu, 08/04/2011 - 09:01 | 1523357 wrs
wrs's picture

Certificates of confsication, can't make anything at 0%, OTH gold is steadily rising.

Thu, 08/04/2011 - 09:06 | 1523373 Long-John-Silver
Long-John-Silver's picture

Gold has lost all upward resistance. The train has left the station. If you hurry you can take a Private Jet to the next stop at $2,000.

After that you may never have an opportunity to buy physical Gold.

Thu, 08/04/2011 - 09:03 | 1523362 Long-John-Silver
Long-John-Silver's picture

We are Ponzi Bitchez!

Thu, 08/04/2011 - 09:07 | 1523378 Careless Whisper
Careless Whisper's picture

Code Blue.


Thu, 08/04/2011 - 09:07 | 1523379 alien-IQ
alien-IQ's picture

I can't wait to see it go negative...because after all, what gives one a warmer fuzzier feeling than to pay the government to hold your money for you?

Thu, 08/04/2011 - 09:08 | 1523383 AUD
AUD's picture

Still a long way to go until the 30yr hits zero

Thu, 08/04/2011 - 09:11 | 1523401 scatterbrains
scatterbrains's picture

or even 1.5%..   it's the only thing holding me back from TBT or TMV. Maybe we can get there in one quick flash crash ?


Thu, 08/04/2011 - 09:42 | 1523445 AUD
AUD's picture

scratch that

Thu, 08/04/2011 - 09:12 | 1523396 Caviar Emptor
Caviar Emptor's picture

Yup. Fed is capping rates. Savers and fixed incomes are thrown under the bus. All to ride to the rescue of the global banking cartel once again. The heat was getting too high: liquidity was quickly drying up in the last few days and banks would have gone under first in Europe, setting off a chain of falling dominoes leading right back home. And right at a time when BAC told us they need $50 billion to cushion losses, BAC just being the tip of an iceberg that could once again sink the TItanic and all the hoity toity clientele aboard. 

Bottom line of all bottom lines: 

Score : Global banking cartel +$2.3 Trillion. Main Street -$1 Trillion. 

Even that is rapidly getting outdated as losses are multiplying and as GOP is now talking a 1986-style "Tax Reform" which eliminates the AMT, lowers all rate brackets (bonanza for big incomes) and eliminates the mortgage interest and medical expense deductions for more middle class pain

Thu, 08/04/2011 - 09:19 | 1523446 monopoly
monopoly's picture

Good one Caviar +1

Thu, 08/04/2011 - 09:10 | 1523399 GeneMarchbanks
GeneMarchbanks's picture

Can't believe the Bernank is sitting idle. He really is missing out on celebrating Tradition. On second thought maybe not...

Thu, 08/04/2011 - 09:13 | 1523415 Caviar Emptor
Caviar Emptor's picture

Oh our boy is plenty busy these last few days

Setting up a third globally-coordinated rescue package for the banking cartel involves quite a few phone calls. 

Thu, 08/04/2011 - 09:14 | 1523421 monopoly
monopoly's picture

0%. That is beyond words. What an economic disaster this country is. So now the dips in gold are 10-30 dollars, instead of 5 to 10%. I guess I am just going to have to suck it up and add at these higher prices. Keep waiting for a big dump, it just is not happening. But for me, gold is no where near topping out long term.

Thu, 08/04/2011 - 09:21 | 1523455 monopoly
monopoly's picture

Gold just does not give a shit that the dollar is higher. We know it is a worthless currency, just the last ship to sink. But it will sink.

Thu, 08/04/2011 - 09:21 | 1523456 Kataphraktos
Kataphraktos's picture

The moment has arrived for WillamBanzai7 to 'shop The Bernank's head onto Henry Winkler's body in a shot from the Happy Days shark-jumping episode: "The Ponz jumps the Shark".

Thu, 08/04/2011 - 09:24 | 1523478 Ignatius J Reilly
Ignatius J Reilly's picture

When surreal becomes real, what is left for the surreal domain?

Will I be able to fly soon just by thinking about it?

So let me get this straight.  Institutions and the wealthy have no place to go with their money.  They are willing to let the government errode FRN purchasing power AND loan it back to the government for free.  Well, why not?  The economy is not getting better.  The jobs picture is not getting better.  The debt ceiling keeps the illusion in place that the government cannot increase spending to "jump start" the economy.  It didn't work last time anyway.  The governement bailed out the rich, the vampire squid and douchey AIG.  Did we get our money back yet?  I forget.  Regardless, there are no tools or tricks left.  The wool over the public's eyes has got to be getting threadbear.  <<rambling rant off>>


WTF?  Now what?

Thu, 08/04/2011 - 11:02 | 1523832 Rusty_Shackleford
Rusty_Shackleford's picture

Well said.

I will simply NEVER understand the 0.00% bonds. Why even bother? Why not just keep the damn money and save yourself some work?

"We're through the looking glass here people"

Thu, 08/04/2011 - 09:25 | 1523485 monopoly
monopoly's picture

Dendreon, that is why I never, never touch Biotech stocks.

Thu, 08/04/2011 - 09:42 | 1523563 Mercury
Mercury's picture

Out of the pan, into the Ponzi  is an apt description of many a market action these days...


Thu, 08/04/2011 - 10:04 | 1523666 mendigo
mendigo's picture

it's almost as if there was a concerted effort to drive the market into green yesterday - explains absence of robo

when to get the 20% correction needed to trigger another economic enema

Thu, 08/04/2011 - 11:21 | 1523903 corvettekenny
corvettekenny's picture

I am still trying to understand the bond terminology..  Does a 0.000 print mean that someone actually invested a few billion into 3-month notes that yield absolutely no return?  Negative real interest??  Who in their right mind would do such a thing?

Thu, 08/04/2011 - 12:23 | 1524153 mailll
mailll's picture

I thought that the bond market was going to crash before the stock market.  But it will probably happen the other way around.

First, a steady decline in the stock market causes a steady migration into the bond market.  Then the bond market crashes. The only safe haven will be gold, and probobly oil because the dollar will probably crash thereafter.

Wed, 09/14/2011 - 04:48 | 1667395 chinawholesaler
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