BLATANT Monetization Uncovered DDD doom! Market ticker: U.S. failed to sell more than half of their issued bonds. Folks, let me be clear: The United States HAS OFFICIALLY HIT THE TREASURY DEBT WALL and The Fed and Treasury are engaged in subterfuge and conspiracy in an attempt to hide this from the market. There is no other explanation for what just happened. http://market-ticker.org/archives/1304-BLATANT-Monetization-Uncovered.html
Re: Treasurey 5& 7 year auctions fail miserably How much longer can the Fed hang on... When will congress breakdown and accept America's cries for a Fed Audit? Never. It will never happen, unless its so watered down and unrevealing that it can't hurt the system. Its going to take a congress of libertarians to do it.
Re: Treasurey 5& 7 year auctions fail miserably Let us project this scenario further down the RED Fiscal Road: 1. We can not sell enough foreigners on the security of our "securities". 2. We then buy our own debts 3. By printing more fiat paper 4. This is closely parallel to a bird ( feathered or aluminum ) flying in ever concentric circles trying to hide by flying up its own ass etts. Nice try but--. 5.Rampant inflation is going to follow then a repudiation / default on this currency followed by a "new" currency so the spending game can begin anew. Prove me wrong by historical facts, please. Look at Russia circa1917 and Argentina for past and current examples--- Laus Deo overbore