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Diversity of economy has nothing to do with this crisis. You know why Greece is having problems? Because being a member of the EU means that they cannot control the printing press and create money from nothing to continue the charade of government solvency. What is happening in Greece is...

According to Bill Gross, rather high. If there was one trillion in agency debt purchased by the Fed, you're dealing with a lot of sellers there. And these guys have similar investment goals as Bill Gross did in 2009: to ultimately dump agency for USTs. The question now is, as Bill Gross...

I'll agree with some of that. My issues with the Fed are different than the issues raised in this thread. I just wanted to investigate the source of the 80% figure that Erin on CNBC mentioned. It was never addressed in this thread or the link. There are a lot of people pro and anti fed...

Now we're into semantics and balance sheet exercises. You have to admit, but for the agency monetization, domestic treasury demand would have been very different.

I think I found the source of that 80% "purchased" by the Federal Reserve. From Bill Gross' monthly investment outlook, Jan 2010, "Let's get Fisical" Here’s the problem that the U.S. Fed’s “exit” poses in simple English: Our fiscal 2009 deficit totaled nearly 12% of GDP and...

Globalization with fiat money is a modern day financial tower of Babel.

I was on the Dept of Agriculture website earlier to check stats. They now call the program SNAP (supplemental nutritional..blah blah) Anyway, funds have been allocated to it thru the Recovery bill stimulus. They are encouraging people to use this as a stimulus measure. I think there was a...

I found a reuters article dated January 12, 2010 that said the recent count was at 37.9 million - one in eight Americans (US pop is 308 M). So, it makes sense that the figure is over 38 million now.

I wouldn't discount this either. We live in a world of lies, always have, but we're reaching new heights. Look at British banks - they're still a mess and were recently downgraded. They're leading this recent charge of UST purchases? I would doubt it.

Makes sense. I just found this is from Barry Ritholz's blog: Foreign purchases of long term US assets exploded higher in Nov by $127b, well above expectations of $25b and were led by net purchases of US Treasuries totaling $118b, an all time record high for one month. Buying from the UK...

How the hell is the UK still buying so many US Treasuries? They are by far the largest purchasers of USTs from Europe, and fiscally, they are a mess. They even began QE in '09.

The Fed is Wall Street. They are one and the same. There are multiple crises going on right now. One is Federal Spending, which is unavoidable when you have a system where money is created thru debt. The other crisis is the financial meltdown and the subsequent questionable Fed actions...

I think it would have been great if George W Bush's last words in office were: Après moi le déluge! Not that he has had such an effect on the grand scheme of things, but I think he will be the last President (for awhile) to have ridden a credit bubble.

I kind of agree with some of the "suggestions" made on the Georgia guidestones. It's the 500 M pop goal that confuses me. There's one peaceful way of achieving that goal - birth control. The other options? Not so peaceful. But anyway, for those that think the elites want to rub out most...

The article has a typo - is it 32.8 or 38.2? Look at the article's title and subsequent first paragraph.

and a special tax on you... :p

I don't rule that out. There's more to the story than the stereotypical north v. south cultural divide.

I don't think it's a grand conspiracy as much as a combination of financial illiteracy on the part of the masses and simplistic headlines (and financial illiteracy) on the part of the media. You're a perfect example. You said: "Cheer up, TARP money was repaid by all banks. It's time to...

You seriously think that the TARP payback makes things OK? That kind of headline may work for the ignorant masses, but you and I both know better. TARP was a sideshow compared to everything else they got. Again.... 23 Trillion in loan backstops, and you bring up 700 billion? please....

There's hypocrisy here. The US, the UK, and Japan have similar numbers, yet Club Med can't inflate like the US or Japan can. That's a big difference. Should Greece or Portugal take the US route? Then they leave the Euro and create their own currency and inflate away like everyone else...