The Federal Reserve is Buying its Own Debt


	The Federal Reserve is Buying its Own Debt

BartendingBear

8-7-2009 12:08 PM

375 views

BartendingBear says:

Shell game! Three Card Monte! BULLSHIT! We're in deep trouble, and it's getting worse.

2 Comments |

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8-7-2009 7:07 PM

willhelm

Can you say Wiemar?

8-7-2009 9:35 PM

lifecyce1898

The 10 million mark bill

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f714c599-69a7-49d5-8734-47c6095d73dc/F2699724-BED1-4D13-ABC9-29EE205E449B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/" href="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/" style="font-size: 11px;">qbit.cc</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/"><P>The private member banks of the “Federal Reserve” system control the issuance of US currency.  They’re stealthily buying back a significant portion of the fake currency they just created, one week after creating it, presumably collecting interest on this “investment.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/"><P><EM>Just last week, when the auction results were announced it was trumpeted to great fanfare that there was “more than sufficient” bid-to-cover, “strong demand” and all the rest.</EM></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/"><EM>And now it turns out that 47% (!) of the bonds that were taken by the primary dealers in that auction have been quietly bought by the Fed and permanently secreted to its balance sheet.</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/">A more honest and open approach would have been</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/">to simply buy them outright</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/">but this way, using “primary dealers” </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/">the basic fact that the Fed is openly monetizing US government debt is effectively hidden from a not-too-terribly inquisitive US press and public. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://qbit.cc/the-end-is-nigh-fed-creates-and-buys-its-own-debt/"><EM>The speed of the shell game is accelerating.</EM></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F2699724-BED1-4D13-ABC9-29EE205E449B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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