Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: yoremopnhoj who wrote (35767)	3/2/2011 12:36:30 PM
From: Secret_Agent_Man	1 Recommendation Respond to of 71456

"stock of central bank holdings" what's a sackoshit worth?

To: yoremopnhoj who wrote (35767)	3/2/2011 2:05:26 PM
From: GST	7 Recommendations Respond to of 71456

<Borrowing costs are affected more by the stock of central bank holdings rather than the flow of purchases, he said> Two implications: (1) The Fed will never stop 'buying' Treasuries (or should I say "burying" them in the backyard). (2) This farce can continue so long as existing holders of treasuries around the world don't flinch at the spectacle of the issuer of the world's 'reserve currency' flooding the world with trillions of dollars of meaningless electronic data items and pretending they represent anything more than a bald faced lie about the 'market' for dollar denominated debt. You want to see fraud on am unimaginable global scale? Look no further than the Fed's purchases of Treasuries. And notice the complete silence on this topic in all conversation among those enlightened analysts, politicians, bureaucrats and business leaders on whom the public depends for pre-digested information about the world around us. It is eerily bizarre to hear the Chairman of the Fed shamelessly commenting on this practice -- it should be about as acceptable to the public as if the Pope was giving a television interview on his plans to set up a global network of 'love hotels' for the convenience of wayward priests who lack the necessary privacy to get to know young boys on a more intimate level. The Fed counts on ignorance, global complicity, weak government and the ability of Wall Street to justify any form of criminal act that keeps their bonus checks coming.