[_a_0_0_]

have you ever seen a really unbalanced person in a situation that faces them with a complete loss of control or "face?" this is how they act.

***

Now, then, of course Yields have not gone up but down, and so it must be concluded that the big buyer of treasuries in the past week was none other than the US gov't itself and its surrogates, fighting to keep rates down. Or maybe they just got lucky and the european collapse really did send capital into treasuries, on the principle that a likely (US) downgrade is better for capital preservation than a likely (euro) default.

[chainsaw]

What I get from this is the euro is backed by nothing but words on paper, and the dollar is backed by trillions of dollars of actual,honest-to-goodness debt.

[Gaffer]

Correct. The administration has the bureau of printing and engraving working overtime. They print 20s and 100s so fast they can’t even get the imprint on the paper straight and even. His government is buying its own T-bills with Fiat Scrip that is worthless. All in an attempt to hoodwink other T-bill investors ‘America is a Good Buy’....ha, Standard and Poors just took care of that shit right there.