The ORIGINAL gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
"Suppose we have an auction and no one shows up?"
It may be cruel to say it, but perhaps this is what we need, a good slap in the face to wake us from our dream-state. The 'classical liberals' have been warning about this for decades and the power-elite have been calling us 'alarmists'.We'll know they've smelled the coffee burning when Woodward becomes an alarmist. Not yet, apparently.
bill nye is my bitch. he attacks you 'cuz i give him wut he needs.
There has been lots of talk over at zerohedge.com about the Federal Reserve using “straw buyers” to make purchases in the Treasury T-bill auctions, then after 24 to 48 hours, turning around and selling those T-bills to the Federal Reserve, who stashes them somewhere in the basement of the Fed (next to the Ark of the Covenant probably).If this is true (and I have no reason not to believe it), then we are already in the middle of a huge devaluing of the dollar, that has virtually gone unreported outside the pits of the financial markets.But to answer your question, "send in the clowns."
Any news on Absolved?
The Dow is up today, 90+ points, waiting for an artificial injection of QE-3 by Bernanke. (Actually, we've had QE-1, QE-Lite, QE-2, Operation Twist and Operation Twist Continued, so I'm hard pressed to call this QE-3.) Anyway, a quick trip around the net and you will find many predictors of economic collapse, including parallels of behavior, prior to the collapse in the 1930's. Yet, Wall Street is acting just like the article describes Woodward and the elite. Blinded by politics at the expense of the entire world economy. I find myself in agreement with those who claim this event will be like nothing we've ever seen. I'm positive that no amount of prepping will be enough, given the bloodbath I see coming. Soon!
This article has been right out there in front of everyone in the world to read. I understand the Obamadons not reading it. What I don't understand is all of the supposedly intelligent investors. My better half has torn me anew one because she feels that the cost of my preps have been irresponsible. Oh well. Just like when I bought plastic and duct tape after 911 because I just didn't know what else to do. But I thought it was irresponsible to NOT do anything. I think the Charlie Daniels commment is appropriate here. I am not too proud to pray.
"Suppose we have an auction and no one shows up."Wrong question. He should be asking "WHEN we have an auction and no one shows up, how will we handle it?" Because he can bet his behind (they've already bet ours on something else) that his "what if" scenario is a probable outcome of a 16 trillion dollar national debt.He's already had the experience of having an auditorium of Chinese college students laugh in his face when he reassured them that American government debt was a safe investment for China.I wonder if anyone explained the significance of someone laughing at you to your face in the Chinese culture. It's one of the gravest of insults.
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