Jim Rogers wonders.
So does John Galt's Shenandoah.
Two other items to watch, as well. First up:
John Galt's Shenandoah: So What is the Fed up to On Monday, April 5th?
JDA: The Fed Prepares for Battle (Oops, There Goes the Exit Strategy off the To-Do List)
If you still haven't heaved, try this:
Denninger: A Sobering View Of Macro Economic Reality
Do you smell smoke or something?
Grant's "Interest Rate Observer" Prospectus for the Sale of United States Government Bonds (as if the US Treasury had to disclose the unpleasant realities like a complying non-criminal organization begging for funds on the Bond market): scribd #29381174
ReplyDeletefunny-tragic.
Cheers.
For anyone familiar with the parlance of accounting/book keeping, it is easy to understand if you take a moment and think about it. It says right on the top of the greenback Federal Reserve NOTE.
ReplyDeleteA NOTE is an instrument of debt, a promise to pay. Funny thing is there is nothing "federal" about them and there are no "reserves".
IT IS FRAUD ON ITS FACE, PLAIN AND SIMPLE!!!