The USD's design ensures bond-OWNERS receive interest in perpetuity from a class of bond-PAYERS. While appearances are kept that bond-payers have a chance of becoming bond-owners, in reality that is nearly impossible. That structural defect was designed and deliberate and literally trains those in the financial industry to follow the basic model of: sell labor forward and extract a payment. What is that? Slavery. This is how Wall Street makes money. Are you guilty or ignorant? If you work in the financial industry, unless you actively do something to fix the system (like the bank protocol Promise Language), you are now guilty of conspiracy to enslave the human race. Please pass this to your boss.
They cannot plead ignorance and their inaction will show their guilt. "Are you selling labor forward to extract a payment?" For nearly everyone who works in Wall Street, the answer is Yes.
To be perfectly legal about things, the above is EVIDENCE of guilt, but would not be sufficient by itself (unless you are Janet Yellen or Secretary Lew). Anyone know either of their email addresses?
This would probably be the best way: http://www.informationsgeld.info by German Professor Franz Hörmann (probably use google translator) It's called INFOmoney
Uh-oh. Bernanke mucked up. He told the truth about something. " (In an interview this week on the Freakonomics Podcast, former Fed Chairman Ben Bernanke blundered by accidentally telling the truth regarding his penchant for painting unjustifiably rosy economic pictures while in office, saying, "I was representing the administration. And you don't really want to go out and say, 'Run for the hills,' right?" In other words, one should expect the same partisan cheerleading from the supposedly independent Fed chairman as one gets from the blatantly partisan White House Press Secretary)." http://google.com/gwt/x?wsc=ol&sour....html&ei=V0FoVsnfHsfGtQXn6YKQDw&ct=pg1&whp=30 Politics permeates every single facet of Wash DC. Not just the admin and congress, but the Surpreme Court, too. And now we have revealed straight from the fedhorse's mouth that the tin foil hats are on the other heads. We can point and laugh at anyone who take's the fed seriously.
Right, and it also calls into question ideas about a vast conspiracy-any of them. They are not that smart and they are a bunch of hiney smoochers from academia. The only thing they plan out is protection. Rearend protection. IMO stories like this add evidence to the idea that the markets are not efficient. It's because you have humans involved.
Now the fed isn't even going to let their huge stash of treasuries run down when the bonds mature. They're going to reinvest the proceeds. ======= - Fed’s $216 Billion Treasuries Rollover Recalls Crisis Era Buying (BBG) If you were under the impression that the Federal Reserve was done buying Treasuries, think again. While the central bank won’t be expanding its balance sheet, about $216 billion of Treasuries in its portfolio mature in 2016, up from negligible amounts the past few years. Last week, New York Fed President William C. Dudley reiterated policy makers’ plan to keep reinvesting the proceeds for the time being, giving bondholders and Wall Street dealers reason to cheer. The Fed is the biggest holder of the government’s debt. Its $2.5 trillion hoard, amassed in a bid to support the economy after the financial crisis, is more of a focus for some investors than the trajectory of interest rates. From this month through 2019, about $1.1 trillion of Treasuries in the portfolio are set to mature. ============ In non propaganda terms, this is the continuation of qe. They are buying treasuries again. It's all been a ruse. Nothing but monetization of debt hidden behind false assurances that it was a temporary program akin to open mkt operations.
As I remember, short-term debt is larger than the bonds. I think it is important to distinguish among the bills, notes, and bonds.