http://latimesblogs.latimes.com/washington/2011/08/obama-national-debt.html QE2 finished in June. The USG ran out of money on the 2nd August. They raised the debt ceiling the same day. They have flogged about US$300 billion in US Bonds since then. WHO is buying it all? China? Japan? Ben Bernanke? (How?) Is it possible that Uncle Ben is printing on the sly without announcing it? OC
The fed is still buying 30 billion or so worth of treasurys every month i believe this is the so called QE2 lite.
Theres a few people buying at this price on the speculation QE3 will come this week and higher yields will follow but i believe its a hard call right now.
I don't think Uncle Ben has to announce printing. They have openly said they can print as much as they want. Someone on here has the quote as their signature. I have heard some US SHTF types call them "Paper Bernanke's". "Gotta keep earning my Paper Bernanke's!" usually ones that are heavy into PM's.
I just listened to a Ben Davies interview. He stated that for the first time in living memory, there were no foreign buyers of Treasuries at the latest auction. Not looking good for the USD.
http://www.youtube.com/watch?v=80x1OiWir68&feature=player_detailpage China just bought all of the Perth Mints 1 oz according to the above.
I just spoke to the ghost of Rev. Lindsey Williams's teeth and they told me China is buying all of the Perth Mint's silver so they can melt it down and make more silver plated fake Pandas.
Heres a nice link from zerohedge explaining what might (imo will) happen to people buying teasuries and why they buy them http://www.zerohedge.com/news/thing...eruption-mount-vesuvius-and-government-bond-y
