Comments on: 10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching

By: tony

tony — Fri, 24 Dec 2010 05:51:23 +0000

Obama clearly does not have even a basic understanding of the American banking industry. He is completely incompetent, which makes him maleable by the powers who got him elected; he is nothing but a puppet whose strings are pulled by others.
Bernanke is simply throwing a hail mary pass with his quantitative easing program. He knows all too well the end could be near but has nothing left to work with except to keep buying the bad loans held by the major banks and making more money available to them. In reality, the major banks are already insolvent but the common man truly has no clue had serious the mess is that we are in. If the banks had to carry their bad loans at their real value rather than face value, their reserves would be totally inadequate. Bernanke is helping them with the low rates so they can make easy money in the “carry trade”.
Frankly, there is no good ending to this mess because the clowns who got us there are the same clowns that havent the courage to fix it, namely, slimy, crooked, self serving politicians. When the collapse of our financial house of cards come, it will indeed be ugly and will last for years. The mathematics of the problem are simply undeniable for those of you who can add and subtract. tony

By: hal

hal — Wed, 22 Dec 2010 15:27:17 +0000

If we don’t pay taxes to cover government spending, then the Federal Reserve has to “print” or create money to cover the debt.
Politician s don’t like to increase taxes; they won’t be elected; they relie on the Fed to pick up the tab and we pay, the poor and the middle class, the INFLATION TAX. The weathy are able to make out because they own assets that increase in value. The INFLATION TAX is evil; it destroys the progessivity of our system of taxation. End the Federal Reserve and then our government will have to live within it’s means. Between 1881 and 1912 the purchase power of the dollar remain the same. After the extablishment of the Fed in 1913 the purchasing power of a dollar in 1913 declined to $.04 in 2009. We must END THE FED.

By: Blammo

Blammo — Mon, 20 Dec 2010 15:06:50 +0000

They’ll fix it just like they did the last time.
Prepare for WW3.You didn’t notice but you voted for it.
Pura Basura.

By: Johnny

Johnny — Sun, 19 Dec 2010 20:47:21 +0000

Emergency Broadcast Alert: Government offices, schools, banks and mail delivery are closed for the indefinite future. Social Security and Medicare payments are suspended for the indefinite future.

All senior citizens and disabled who are unable to find shelter with family or neighbors must report to your nearest FEMA center. If you are unable to get transportation due to public transit workstoppages or fuel shortages, you should notify FEMA to request transportation.

All residents are ordered to remain indoors until further notice. Curfew hours will be in force from dawn until dusk. All unauthorized movement during non-curfew hours will be severely punished.

By: Denise Wright

Denise Wright — Sun, 19 Dec 2010 15:51:36 +0000

breed, you are naive like so many Americans. Countries CAN go bankrupt. Look at Argentina, the Weimar Republic of Germany.

Printing more money makes it worth less.Print too much and it becomes worthless.

Sell your Treasuries NOW. Sell your muni bonds too. Log on to Everbank about foreign currency CDs.Or Merk Funds.Or Franklin Templeton if you don’t mind paying load fees.

By: Rhea

Rhea — Sun, 19 Dec 2010 14:22:03 +0000

The economic issues facing the nation will not be solved by more partisan gridlock. 85-90% of every federal budget goes to 4 items (Military, SS, Medicare, interest). Neither Democrats nor Republicans nor the FEDs have been able to reduce the debt or the deficit. Electing a bunch of extremists who talk about death panels and socialist takeovers will make partisan bickering and gridlock worse, not better.
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By: Frank Chiesa

Frank Chiesa — Fri, 17 Dec 2010 19:28:00 +0000

It is about time that Congress did something right and stopped the pending tax increases. But I’m not so sure about the 13 month unemployment extension. Come on … 3 years of unemployment payments.

By: John galt

John galt — Fri, 17 Dec 2010 17:37:33 +0000

The fed can create endless money secretly. Imagine having your own printing press while nobody else does. You and yours can become insanely rich, buy up whole industries, and control economies without anyone knowing. Honest, god fearing society believe you to be rich due to ivy league job connections, skill, intelligence, old money. The big boys hide truth by obfuscation. Ever read L Ron Hubbards book “Dianetics?” Lots of technobabble and huge words that create the carrot effect. This “knowledge” simply misdirects and exhausts the curious. Banking is no different, nor many other industries like medicine. The Fed props ups the world, its money feeds foreign banking and countries. Point is money isn’t needed. Imagine again you own the only printing press. If responsible and not power hungry, money could discretely be strategically delivered both domestically and abroad for the benefit of all. We are constantly reminded of conservation of energy and the fact that nothings free. What if Energy was free like the motor in Atlas shrugged? Tesla had the technology 100 years ago to create free, non polluting power. But the media is always fear mongering about how natural resources are running out and we are bad, immoral, greedy, etc, for turning lights on. Have you noticed technology has stagnated, the resistance to electric cars, solar energy? The upper atmosphere runs above 300,000 volts, power is plentiful. JP Morgan destroyed Tesla’s free energy because it couldn’t be metered and thus he wouldn’t financially benefit. Entrenched power would lose control if the hidden tech were made available. Just like Medicine will never cure cancer, diabetes, or autoimmune but only “treat” the symptoms. Self reliance destroys power. Its all about Power and maniacal arrogant ego. Its an illusion, just like Enron’s artificially created power shortage in California. Remember in the 90s being told Americans are lazy compared to Europe only to find out Europe mandates minimum of 6 weeks vacation, and then, 30 hour weeks? Life is relative. Money can only buy so much but power is an aphrodisiac. Simply, they like to manipulate.

By: jane

jane — Thu, 16 Dec 2010 20:05:03 +0000

The whole thing is a Ponzi scheme. Bernacke and the others would be put in jail for financial manipulation or fraud if they didn’t work for yjr gov’t

By: Dan Shuh

Dan Shuh — Thu, 16 Dec 2010 18:56:59 +0000

Obama and Bernanke are not “clueless at all”.
Everything they are doing is by design to destroy America as we know it. The Globalist Agenda is to make an “equitable distribution of wealth” around the world. Why do you think millions of manufacturing jobs have left this country and gone to third world nations like India and China. The plan is to inflate away our national debt. Thomas Jefferson said it best about a private bank such as the Federal Reserve. “I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever let private banks to control the issue of their currency,first by inflation,then by deflation,the banks and corporations that grow up around (the banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people,to whom it properly belongs.”
Just ask the hundreds of thousands of people that have lost their homes if they would agree with that statement.