Friday, February 26, 2010

U.S. Holds Treasury Auction, Nobody Shows Up

Other than primary buyers who must buy debt bonds, this is the first time since World War II that Kwanzanians have found no buyers for their debts. The smart money is ditching the U.S. dollar and seeking other sanctuaries. The few bidders for highest yields are likely the Fed Government trying to bid up their own debt to make it seem safe. That's final hour desperation.

Shortly before it collapsed, every hegemon in world history has claimed the rest of the world could never live without it. Immediately afterwards they have found out that everybody could do just fine without them.

It's getting so obvious a Kwanzanian could figure it out

No comments: