Less than 90 days ago, the financial markets were melting down, with the world’s economies mired in a deflationary death spiral that threatened to usher in another 1930’s-like extended downturn.
To combat the demons of deflation, the U.S. government — through the many newly created stimulus packages — is on track to issue as much as $12 trillion in combined future debt to boost the ailing domestic economy.
The net effect of all this freshly minted money could be rampant inflation, where the dollar loses substantial value against other currencies and yields on Treasury bonds spike higher.
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During the past two weeks, that premise is taking a firm hold in the bond trading pits and rates are gapping higher with every Treasury auction. The inflation genie is now out of the proverbial bottle and it’s still early in the debt-issuance phase of this worrisome scenario.
The current deterioration in the value of the U.S. dollar was not a matter of if, but when. Now the recent blow-off in the greenback to six-month lows has fund managers all over the world closing out long bond positions and rotating into floating rate bonds at a dizzying pace.
June 1st, 2009 at 10:35 am
A dozon eggs for $20.00 and a gallon of milk for $30.00, a four pack of toilet paper for $30.00 add
!0% federal sales tax and a 25% federal added savings tax, theres generaly no state sales tax on food other procuct is average 6.5% gap and trade tax $4600 a year= tent citys= police and state abuse of people=revolution. Keep up the good work nwo.
June 1st, 2009 at 10:48 am
The American colonist rebelled against King George for less then .5% tax on tea, what the hell have we become. Wake up before its to late, we are all on are way to being homeless in the land our forefathers fought for. http://www.ushistory.org/declaration/document/
madman Reply:
June 1st, 2009 at 11:59 am
Soon, history will repeat it’s self… 1770 is here… looking forward to 1774 and 1775 now…
To arms already, damnit…
The latest Gun Show sign in my area, June 27 -29, Come get your guns, While you still CAN! I think that speaks volumes.
June 1st, 2009 at 12:29 pm
Our government hard at work. “Change We Need” = massive inflation dead ahead
Why didn’t they just let them fail? Because “them” is their cronies! Taxpayers are dead last remember?
So when retired widows can’t buy a loaf of bread, where will Obama be? Hmm I wonder…
June 1st, 2009 at 3:20 pm
You will fight for your lives . . . or live as slaves.
June 1st, 2009 at 3:43 pm
Today Monday June 1st the stock market rose over 200 points and all the talking heads talked of the bottoming out of the economy, good times ahead, and more non-sense we hear everytime the market has a decent day. I will “GAURANTEE” that tomorrow June 2nd, the stock market will go “down” about 125 to 175 points! There is no doubt in my mind. And the talking heads will blame it on GM’s bankrupcy.
Pig Foot Sam Reply:
June 1st, 2009 at 8:10 pm
HaHa! You are absolutely right, but they will term it as “profit taking” lol.
I watched the market today and I just knew it was nothing but manipulation to help defuse the fact that many many honest hardworking retirees, lost everything. 27 billion worth of private wealth evaporated. More widows soon to be in bread lines.
June 1st, 2009 at 4:55 pm
The first thing We the People must do,is to abolish the federal reserve. Once we get our finances in order and bring those criminal bankers to justice;strip them of their wealth and reduce them to complete poverty,then send them to a force labor camp(aka fema camps). That they so graciously provided for the U.S. populace. Then we DEMAND,not ask,DEMAND that our corrupt politicians be brought to trial and convicted. Then and only then will we be a truly free nation again. Finally we go after those elitist that claim they’re superior to us common folk. Inform them that there is no place on this earth they can hide and if any nation that protects them will face dire consequences for harboring these criminals. We take their wealth as well and give it to the poor nations that were forced into poverty. That they may grow and prosper. We can and have the ability to change the world for the greater good of humanity. WE must inform the public of this injustice and protest protest and PROTEST. WE the PEOPLE of the WORLD are numbered in the billions compare to the the criminally corrupt millions. I pray to GOD ALMIGHTY that everyone of us take up our flag of FREEDOM and unite together and quash the forces of evil. WE SHALL PREVAIL!!!!!