First Treasury Auction with Negative Yield... oop's?

now with worthless debt being called out..whats the real answer? where's the exit sign?

Americans will take it in the ass until big pharma kills them at 65. We won't ever riot and we won't ever see our social security.

Yeah, that is what america has become.
Good taking care of buissenes in irak, nam south am and so on...but fight and clear your own govrnment...pussies!
Has this been the case in any other country you would allready be involved in a civil war.

Disband the Federal Reserve, investigate the f**k out of it and then give American money back to Americans.

Maybe the big 0 needs to readjust his departure time once again. The perfect fall guy.

BS, the war begins when austerity kicks in. Wait till unemployment checks, food stamps, WIC, disability, Social Security, VA benefits expire/run out..

That is when you will see the biggest fucking riot in world history.

Not before then, once people have NO money to buy food and narcotics. Then crime kicks up, and we go FerFAL/Argentina style..

Plus we have a TON of Mexican drug cartels ready to pounce on American society once 911 stops working on the phone.

America is STILL fat, dumb and happy.
Most people are still working, going on vacation, eating,
drinking and being merry.

Things are getting tighter, but nowhere near riot level.

If gasoline went to $6 a gallon, or the Social Security
checks started bouncing, or the ATMs quit working,
or the credit cards shut down,
THEN,
you MIGHT see some hell raised.

Don't expect to see a major REACTION until there is
some major ACTION.

This is obviously a sign that the economy is turning around. We are officially out of the recession and into recovery. Just ask Barry. The big question is why is this getting no coverage from the lame stream media. Could it be because this could change the election results dramatically? If this got out, who would vote for the progressive liberals?
Now is the time to prepare for TSHTF!

Amero ^^

God forbid we have a black out during a major game. You would see some real action then.

Really I can't understand why this would happen.

[link to www.dailyjobcuts.com]

These guys know something...
The TIPS bonds are inflation adjusted, meaning that they are tied to CPI.
The negative .55% means that they will earn .55% LESS than the current inflation rate. But that rate is adjustable. So if inflation goes up 10% in 5 years, these guys will be seeing a 9.45% return.
Get ready for massive inflation.
At least we will still have our iphones...

we have had massive inflation for over 20 years. You buy gold today it still overvalued by 70 percent because of it.

Sorry, beut there was no inflation the past two years. My Social Security monthly benefit proves it.

I posted this last week no one cares

Well you are right, no one cares. But it is actually a major deal.

+1000
I dont know if no one cares, or if they do not understand the implications.
Plus, TIPS yield is not as flashy as aliens/volcano/eq doom

Remember the 80's? Get ready for even worse... I was like 12 years old and got a CD for like 15%...

If we don't get cern/lhc shut down between this week and November 9th, all this won't matter!!!!

[link to www.cerntruth.com]

So the government is expected to announce that there will be no benefit bump next year. How do you feel about that?

No, it is true. I had CDs in the 80s that were in the 12%-19% range... as a matter of fact I had one they ranked "high dollar" which got its own "higher percentage" and that was $100,000 CD @ 22%.

No joke.... 22%

If you had $1M or more they percentage was even HIGHER.

Now what are they... LOL

Even with zero inflation, food and energy both went up over 30%. Food over 40% in the last year.

But fuzzy pink leopard-print washing machines stayed the same, so the government says no inflation!



But we all know that congress will vote themselves yet another fat 20% pay raise after the elections.

Finally somebody gets it! No inflation? you would have to be a moron to believe that. People have been paying out the ass for years. About 20 to be exact.

Saying there is no inflation by ignoring food and energy, the two things Americans must buy...

...is like saying there is no clothing inflation if you ignore the massive price increases in pants, socks, shirts, underwear, t-shirts while only counting green cotton gloves!

What kills me are these genious's that say buy gold to head off inflation. They just don't get it. I have to just laugh at the stupidity.

He said 'got' not bought - could have been from grandma, and likely a five-year one, I'm guessing (being Canadian I barely know wtf a CD is but guessing it's like a GIC - guaranteed income certificate)

I bought a ONE YEAR $1,000 Canada Savings bond at 18 and the interest on that paid $10.5%. Cashed it a year later to pay for University - a semester's tuition then. If I'd had any idea that interest rates fluctuated widely and that that rate was amazing I'd have saved every penny and bought up the longest dated ones available at the time and kept working until the recession hit and THEN gone to uni.

So don't assume zero will be forever either - it's a good bet interest rates will spike before most people expect them to.

OK so if I buy a bond it will be give me less than I paid for it, What kind of fool would .....

no - this is inflation adjusted
you get less than the rate of inflation
basically, buying a negative yied TIPS is a bet that inflation will skyrocket - that is why you would buy one, expecting a HIGH return as inflation (CPI) rises

Obama: "We're out of Money."
[link to www.c-span.org] [Warning: PDF]

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits

CNN: "The figure Walker cites includes future payments that government entitlement programs would have to pay, including $32 trillion owed by Medicare."
[link to www.cnn.com]

"Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon."
[link to www.dallasfed.org]

U.S. unfunded liabilities: over 110 Trillion dollars
[link to usdebtclock.org]

Bloomberg: U.S. Is Bankrupt and We Don't Even Know
Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.
Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This gargantuan discrepancy between our “official” debt and our actual net indebtedness isn’t surprising. It reflects what economists call the labeling problem. Congress has been very careful over the years to label most of its liabilities “unofficial” to keep them off the books and far in the future.
[link to www.bloomberg.com]

Washington Post: Obama's debt commission warns of fiscal 'cancer' "that will destroy the country from within"
"We can't grow our way out of this," Bowles said. "We could have decades of double-digit growth and not grow our way out of this enormous debt problem. We can't tax our way out. . . . The reality is we've got to do exactly what you all do every day as governors. We've got to cut spending or increase revenues or do some combination of that."
[link to www.washingtonpost.com]

Your Future in 15 Seconds


[link to video.godlikeproductions.com]