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Old 09-17-2009, 08:13 AM
 
3,151 posts, read 3,138,613 times
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Great article about how the Fed is buying the debt behind closed doors so we don't see it, and telling us that everything is wonderful..

7-year - The Fed Buys Last Week's Treasury Notes - Aug. 6, 2009 | Blogs at Chris Martenson - 7-year, Auction, Chris Martenson's Blog, Fed, Shell Game, treasury
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Old 09-17-2009, 08:18 AM
 
Location: Raleigh, NC
20,017 posts, read 15,720,384 times
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The Treasury been auctioning these products and the Fed has been buying them up the week after, to make it appear there's demand for these worthless notes. Kind of like the last breathe of dying man takes.
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Old 09-17-2009, 10:43 AM
 
Location: a nation with hope
13,153 posts, read 17,412,211 times
Reputation: 5026
Quote:
Originally Posted by summers73 View Post
The Treasury been auctioning these products and the Fed has been buying them up the week after, to make it appear there's demand for these worthless notes. Kind of like the last breathe of dying man takes.
Exactly. It's all about appearances, so they can claim the economy is improving.
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Old 09-17-2009, 11:06 AM
 
Location: Great Falls, Montana
3,983 posts, read 3,377,570 times
Reputation: 1301
Quote:
Originally Posted by summers73 View Post
The Treasury been auctioning these products and the Fed has been buying them up the week after, to make it appear there's demand for these worthless notes. Kind of like the last breathe of dying man takes.
We'll eventually have to handle our own debt anyway ... I just wish the Fed would man up and get it done ....

This "man behind the curtain" thing is getting old.
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Old 09-17-2009, 11:28 AM
 
83 posts, read 141,954 times
Reputation: 38
Default Get on the bandwagon

Audit the fed.

Thanks ron paul
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Old 09-17-2009, 11:34 AM
 
Location: OB
2,404 posts, read 3,507,604 times
Reputation: 879
If the economy is in an up swing, where are the jobs?

If the economy is in an up swing, why do I still see empty office/retail space?

If the economy is in an up swing, why do I see beggers on every corner?

If the economy is in an up swing, why is there still tent cities under highway over passes?

If the economy is in an up swing, why is the truck/rail/shipping industry contracting?
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