You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The Fed bought nearly half of LAST WEEK'S 7 year Treasury Issuance
- Thread starter Roman Candle
- Start date
That's not what the article said.Quote from Trendytrader:
FED have already bought $237B and plan to buy another $300B.
http://online.wsj.com/article/BT-CO-20090805-715003.html
[...]The Fed has pledged to buy as much as $300 billion in Treasurys by autumn. It has already purchased about $237 billion in Treasurys.
Quote from Maverickz:
I hate to say this, but I am starting to believe the conspiracy theorists that claim all of this is a concerted effort to purposefully drive us to a one world currency....the New World Order.
I mean really the leaders of the world can't be dumb enough to not see whats going on and how to stop it. There are literally millions of posts, blogs, videos, etc. of normal people who see whats going on. You can't tell me these people are all smarter than our leaders. Yes I know there are some politicians who are almost too stupid to breath but certainly not all of them. So that has to mean they are all for whats going on and in fact at least partially behind it. Throw in Tim Geithner's public admission for support of a single world currency "even if it was NOT the US dollar" and there you go.
Imagine one market regulator worldwide... how long before it's totally corrupt by the strong of power full who will be doing anything to stay in their castle ?
Two issues here, one is the auction appeared to be well bid, but in fact it was not. The second is the debt was monetized.
It is not clear too me that either is true.
But it does seem likely that the auction was made to look better than it was.
On the second point how do we determine that the FED printed cash to buy the treasuries?
It is not clear too me that either is true.
But it does seem likely that the auction was made to look better than it was.
On the second point how do we determine that the FED printed cash to buy the treasuries?
Auction will suck next week, everyone wants stocks wheeeeeee