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To: Broken_Clock who wrote (423433)3/9/2013 9:56:48 AM
From: Terry Maloney  Respond to of 436258
 
>>smart money is selling paper junk as fast as possible to the fed <<

Yep, that's part of the scam for sure.

As for the 10 year being back over 2, I'm not sure what it's saying ... in a sane world, it would be saying folks are getting a bit nervous, but in a sane world it would never have gotten under 2 in the first place.

All I know is that if rates go to anywhere near where they should be, the U.S. is bankrupt, and I don't see that being allowed to happen without a fight.



To: Broken_Clock who wrote (423433)3/16/2013 8:12:18 AM
From: Terry Maloney2 Recommendations  Read Replies (1) | Respond to of 436258
 
Came across this from a couple of years ago, via Zero Hedge. One of Hedge's best ...

"We have been gradually disempowered by a corporate state that, as Huxley foresaw, seduced and manipulated us through sensual gratification, cheap mass-produced goods, boundless credit, political theater and amusement. While we were entertained, the regulations that once kept predatory corporate power in check were dismantled, the laws that once protected us were rewritten and we were impoverished. Now that credit is drying up, good jobs for the working class are gone forever and mass-produced goods are unaffordable, we find ourselves transported from “Brave New World” to “1984.” The state, crippled by massive deficits, endless war and corporate malfeasance, is sliding toward bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are moving from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled."

truthdig.com