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Thread: "the Federal Reserve went bankrupt today"

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    Banned Melonie's Avatar
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    Default "the Federal Reserve went bankrupt today"

    (snip)"The Federal Reserve went bankrupt today. Now, Treasuries are the last place left where the money people can park their loot. And Treasury bills collapsed in value. Lower than any time since the damn Great Depression. It is now at Japanese levels! Namely, below 0.05%. This is INSANITY. Holding money where it gains nothing is what? The dread 0% down, 0% interest and 0% principal paid? That is the domain of the Goddess of Depression. Her rule is twice as cruel as the Goddess of Inflation. And that can still happen! For Inflation lurks nearby, she will take over the instant Depression releases her grip on all the loot in the Treasury and foreign FOREX reserves!


    TREASURIES-US 3-mo T-bill yield falls to 0.02 pct -traders

    (Reuters) - The yield on 3-month U.S. Treasury bills fell to 0.02 percent early afternoon New York trade on Wednesday amid investors' panicked scramble into the safe haven of ultra short-dated government securities, traders said.

    The 3-month U.S. Treasury bill yield "last traded at 0.02 percent as an actual trade and may have traded negative earlier today," said Sean Murphy, Treasuries trader at RBC Capital Markets in New York, shortly after 12:30 p.m. EDT (1630 GMT).

    The last time the 3-month U.S. T-bill yield was at or below zero was in January 1940, said Bryan Taylor, chief economist with Global Financial Data in Los Angeles.


    Oh, what the hell: this is what it is like in the Cave of Wealth and Death: if the dire creatures who reside there are woken up by gnomes blasting holes all over the place, we get pure hell. Mythology is crystal clear about all this. The desire for eternal wealth always leads to death.


    (snip)"The biggest investment banks are scared to death. They are rushing to Treasures even as the Federal Reserve itself is drained dry. The US Titanic Dollar is sinking. Readers inform me here that gold has jumped by over $70 in one day, a massive, massive record. Those dollar holders who didn't dump into Treasuries that pay virtually NO interest at all [anti-banking at its worst!] have jumped to gold. And for good reason.

    But NOTHING will contain its hoped-for value when the demon goddesses are on the hunt! This is REALITY. We can hope to salvage what we can, but we can't save everything because things must be devoured in order to balance the scales. And this is what NO media wants to talk about. We all hope that the easy lending loot will remain in the waking world and not vanish into the realm of dreams again.

    This reminds me of the Dream Realm: we all spend about one third of our lives there. Most people are not granted the Keys to this Kingdom. Artists and philosophers are given the keys. Musicians and seekers of the Truth are allowed access to this amazing place and this is thanks to Pegasus. So to speak. When I fell into this kingdom as a child, I was amazed and frightened. Over the years, I learned how to move about this magical place and one thing I discovered was, in the Dream World, we can see the future. But ONLY by passing through the Cave of Death!

    So here we are: anyone who has any idea how dreams work can see clearly how the waking dream of easy wealth which the banking gnomes and the various players in the present total meltdown of the US financial systems, works. The people who made this mess refused to remember or look closely at their dream worlds. Instead, they lived for each day, hoping no one would ever take an accounting or call them on the carpet. They exploited loopholes and glitches in the system to enrich themselves. When these were fixed or closed, these criminal minds would pay politicians to open up more holes, cracks and glitches. Not only that, they ran a 35 year campaign to cut their taxes. So any ill-gotten gains would be theirs alone. So what, if this bankrupted the US? They didn't care.

    They can't see the future nor do they want to see the future. They mistook the idea of using the dream world to see better, what we must do. Instead, they inserted their DESIRES and pretended these were dreams. Their wretched DESIRES motivated base intentions. Their entire beings were focused only on enriching themselves. To hell with everyone else. So if they could con everyone into cutting their taxes and then allow them to use pirate islands swearing fealty to the wretched Queen of England [reference to offshore tax havens like the Caymans / UK channel islands etc - sic], they could all go off and drink, have sex and so forth, without any social obligations or responsibilities.

    In other words, they acted like a gang of spoiled teenager brats. And like such, have stolen the family car and crashed it. "(snip)


    (snip)I said last year, the US cannot be sucked into the same vortex Japan has deliberately created for itself. For Japan benefited from a FAKE depression. The US gets NO benefits from aping this. The depression here will be very real. For Japan had, throughout its fake depression, a growing trade surplus with the US. The US barely has any industrial trade with Japan! We sell them mostly commodities. And note that commodities are dying now. (snip)


    from

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    Veteran Member Mandy_Wood's Avatar
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    Default Re: "the Federal Reserve went bankrupt today"

    All the more reason I am picking up, getting the fuck out, and moving to France.
    Quote Originally Posted by cherryripeboy View Post
    Remember they sent a ninja against robocop....





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    Default Re: "the Federal Reserve went bankrupt today"

    John McCain says the economy is strong.....so you know it will be ok.


    Oooooooooobbbbbbbbbbaaaaaaaaaaaaammmmmmmmmmmaaaaaa aaaa

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    Default Re: "the Federal Reserve went bankrupt today"

    Quote Originally Posted by Mandy_Wood View Post
    All the more reason I am picking up, getting the fuck out, and moving to France.
    Please Do. To me that's the first step in getting P.E.R.S.P.E.C.T.I.V.E and appreciate why people risk their lives and come in Gas chambers to work in US as a Janitor

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    Default Re: "the Federal Reserve went bankrupt today"

    Quote Originally Posted by xanfiles1 View Post
    Please Do. To me that's the first step in getting P.E.R.S.P.E.C.T.I.V.E and appreciate why people risk their lives and come in Gas chambers to work in US as a Janitor
    I can agree with that!

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    Default Re: "the Federal Reserve went bankrupt today"

    Please Do. To me that's the first step in getting P.E.R.S.P.E.C.T.I.V.E and appreciate why people risk their lives and come in Gas chambers to work in US as a Janitor
    They still do, but now many, many are leaving. Up to 6 million US citizens now living abroad, most within the last few years. I'm one of them.

    Many Mexicans are also heading back to Mexico as things get worse here. One plus to this is that it may be the most effective way yet to deal with our illegal immigration policy.

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    Member Ook's Avatar
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    Default Re: "the Federal Reserve went bankrupt today"

    OK, this officially has me scared. This is like the Bank of the United States all over again. When Morgan set up the Federal Reserve, he warned against it being misused exactly in the manner displayed by the Bush Administration for this very reason.

    I'm hording four weeks worth of cash and spreading cash equivalents around institutions as a hedge.

    P.S. I for one welcome our new insect overlords.

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    Default Re: "the Federal Reserve went bankrupt today"

    Free market is officially dead now.

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    Veteran Member StuartL's Avatar
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    Default Re: "the Federal Reserve went bankrupt today"

    Quote Originally Posted by Adelina View Post
    Free market is officially dead now.
    Does this mean that I am not alone in thinking that the US is now officially state owned? Does this make it a socialist state or a communist one?

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    Default Re: "the Federal Reserve went bankrupt today"

    ^^^ arguably socialist ... they haven't totally killed off the middle class yet, which is arguably a requirement for Communism !

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    Veteran Member StuartL's Avatar
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    Default Re: "the Federal Reserve went bankrupt today"

    Hmmm. I fear we could debate this for a while!!! I was chatting to a pal a few days ago and he suggested that Russia is now more capitalist than America...

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    Veteran Member Mandy_Wood's Avatar
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    Re: "the Federal Reserve went bankrupt today"

    Quote Originally Posted by xanfiles1 View Post
    Please Do. To me that's the first step in getting P.E.R.S.P.E.C.T.I.V.E and appreciate why people risk their lives and come in Gas chambers to work in US as a Janitor
    ? Is a this an urging to go abroad to see how good we have it here in the US? Or am I misunderstanding your reply?
    Quote Originally Posted by cherryripeboy View Post
    Remember they sent a ninja against robocop....





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    Default Re: "the Federal Reserve went bankrupt today"

    I thought it was actually saying, "Fuck off we don't want you here." But I couldn't decide who the 'we' might be to make such a strong statement.

    Don't let it vex you though, France is lovely and I'm sure will welcome you. If France does not, I would guess that French men will...

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