I guess today I am fed up with the lying news in the World. I guess I am fed up with the lying governments in the world. What do I mean by that? Just look around and read some news. It will confuse you, it will piss you off, it will make you cry…
We believe the Treasury Department is in desperate demand for investors to buy Treasuries. After many years the world has finally awakened to the fact that the US is broke and has been for a long time. Now fewer and fewer investors consider Treasuries as a safe haven. Who in their right mind would buy a Treasury bill with a negative or zero return? We would guess because the buyer perceives them to be safe, perhaps willing to lose some 7% to 8% to inflation. These sales are averaging $50 billion weekly. As the buyers dry up and in order to avoid Fed purchase and monetization, government is eyeing your retirement investments to be the source of their new annuity scheme. (Link)
Do you realize that the USA is buying her own Treasuries? (If you did that yourself you would be in big trouble…)