(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)
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