So, not only is the value of the USD falling through the floor, but you will now have to PAY to own USD bonds? Yup ... Ripley's, believe it or not.
This is truly unbelievable!! I would strongly suggest the time of PMs is happening faster than I thought. It is really the end of the states. I would also suggest if you live there I would be making an appointment with the nearest travel agent.
it might appeal to people that are after capital losses to offset their capital gains .... as part of their wealth creation "strategy" ....
source: http://www.centralpennbusiness.com/.../120219966&template=wealth&template=mobileart yup you read it right. So what are you waiting for? sell your risky investments and buy negative interest t bonds today! fully backed by the US government!
Doesn't this just mean that investors have less than zero faith in their banks? I mean, unless your bank is charging to hold your money these days, the only reason you would hold treasuries at a guaranteed loss is that you expect your bank to fold!
Well if you think about it clearly, the big boys who control political sway in the US don't rely on Bonds to see them through. You can bet your bottom dollar that the major Bond holders are very well aware of this situation and will say of the government 'Okay, we'll bail your arses out on the bonds, you're going to change (insert law) for us so we can recoup the losses elsewhere' THAT makes a lot more sense. The US government is simply getting desperate and they no longer hold all the cards and know it. They're screwed either way so now it's just a game of prolonging the inevitable for as long as possible. I expect Joe Public will simply be bent further over a barrel as a result of this 'offer' whilst the major players strip the carcass of the US economy clean.
I just read this... Still banging my head against the wall to see if I'll wake up... Utterly butterly bizarre...... Still they've been trying the experiment on UK sheeple for done time, with inflation at 5% and interest rates at 0.5%... backwardation works! Just makes you wonder how they're ever going to fill in the trench they've been digging for the global economy all this time... Impossible, implausible & imponderable... Surreal... x
IMHO I think that u boys r missing the point, some of our member have in his sign statement of old JP Morgan and that is: '' people do things from 2 reasons, first is good reason and second is true reason'' This measure is preparation for bank falling , when banks start falling there is only 4 way to protect ur money: 1-cash , but not have enough for everyone, so forgot it 2-gold , this is next target 3-goverment bonds 4-reall estate, this is the goal to move up Now we can expect huge impact on PM . If war on Iran start and it will this year, gold price will go up,so smack down of gold price should start before the war, during the war value of usd will go higher so will push down gold more. It is likely that price of oil will skyrocket, maybe not so much during the war but after it is finished, bcoz Iranian oil infrastructure will be destroyed and all reserves of other countries will be depleted . Here will start other big impact on gold, banks and countries will start failing bocoz oil prices , gold will follow same like 2008. And when this SHTF is over most of the money will be in USA goverment bond, and u cant sell it to anyone. Then we can expect rise of gold above 2000 usd, when usd start loosing his value bcoz currency war with China. Finally this will move USA economy and real estate prices. Just my 2 denarius :|
Swiss Debt Is Now Repaying Itself http://www.zerohedge.com/news/swiss-debt-now-repaying-itself Insanity! Is there such a thing as hyper delfation?
