 merrie says: The USDollar stewards are NOT demonstrating control, discipline, or even anything remotely resembling honesty or integrity.The USDept Treasury wants to continue funding the federal deficit, and for yucks, add any and every conceivable new program onto the books while the federal insolvent bankruptcy makes marginal additions not so noticeable. The USFed engages in almost immediately permanent operations to snag the primary dealer USTreasurys gatherings bid at auction, for a simple shell game shuffle. The USFed engages in a sneakier but still obvious hidden bidder game with foreign central banks. They use USDollar Swap Facilities (with gargantuan funds) and bid heavily on the USTreasurys, evidence being the ‘Indirect Bid’ component. If not for the USFed buying most of the USTreasurys issued, the long-term interest rates would be rising quickly and with alarm. If not for the USFed heavy buying, the USDollar would be doing a swan dive off a cliff into rough waters. As has been claimed in past work, the USGovt stewards of the wrecked buck can save the USTreasury or save the USDollar, but not both. Their monetization efforts here and abroad indicate a clear intention to save the USTreasury Bond. They put the USDollar at grave risk. The Weimar Territory lies directly ahead! USDOLLAR DELAYS INEVITABLE CRASH The USDollar remains firmly stuck at the cliff’s edge….Something big is coming and soon. All billboards scream it!! ….A deep USDollar devaluation comes!!! The USDollar remains firmly stuck at the cliff’s edge….Something big is coming and soon. All billboards scream it!! ….A deep US Dollar devaluation comes!!!Just a few days ago, the U.S. Treasury Department revealed that China actually REDUCED its note and bond holdings by $25 billion in June. Although China did NOT sell shorter-term Treasury bills — and isn't expected to — it's still the largest amount of Treasuries China has ever sold in a single month. So what's next? Will China dump the rest of its estimated $876 billion hoard of U.S. Treasuries and crash the Treasury market — and by doing so, kill the U.S. dollar, drive interest rates sky high and leave the U.S. economy a... Thanks Steve, excellent commentary and analysis! The obscene govt spending on their frivolous projects will crush the U.S. economy and stall any stable recovery for years! I have no doubt whatsoever, that this is being done intentionally by the Fascists in Washington! |
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