To: Thermalseeker
Yes, but why does the U.S. government need to maintain credibility with its creditors when increasingly its buying its debt from itself? Every month theres more and more U.S. Treasury debt and fewer and fewer people who want it. The Chinese are reducing their exposure. The investment behemoth Pimco, which manages the worlds largest mutual fund, recently dumped U.S. Treasuries entirely. To avoid the failure of U.S. bond auctions, or an increase in interest rates to make them more attractive to rational lenders, the U.S. governments debt is bought by the U.S. governments Federal Reserve. We're all starting to hold our collective breaths...
58 posted on
05/02/2011 8:30:44 AM PDT by
GOPJ
(Understanding the Koran: http://www.citizenwarrior.com/2009/05/terrifying-brilliance-of-islam.html)
To: GOPJ
We're all starting to hold our collective breaths... A better course of action would be to prepare now while you still can. Seems more likely with every passing day that it will become very important in coming years for people to be able to fin for themselves, as well as protect and defend what is theirs from those who didn't prepare. The gubmint charade is coming apart at the seams......
59 posted on
05/04/2011 5:10:19 AM PDT by
Thermalseeker
(The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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