Federal Reserve Surreptitiously Buys Half of Last Week’s 7-year Bond Auction ?
- My suspicion is that this has been going on for some time now. The FedRes are probably buying through quite a few proxies. Those who believe everything is ok and green shoots are appearing everywhere need to re-examine their reality. The rumour going around is that China has pulled the plug and will not be buying treasuries any more. It also implies that they will be selling their existing hoard of treasuries. Is this the reason Tim Geithner lost his cool recently? Is this why Bernanke has been stuttering and stammering? Karl Denninger reports :
Mad props to both Zerohedge and Chris Martenson for noticing this; I missed the facts buried in the CUSIP list. The upshot: The Fed bought nearly half of LAST WEEK’S 7 year Treasury Issuance TODAY.
Huh? Remember, after the 5 year auction that went badly (and which I wrote about) the 7yr auction went “well.” Rick Santelli (and a lot of other people) agreed – demand was strong. That made no sense to me at the time, coming one day after a near-failure in the 5 year.
Well now we know what happened: The Fed pretty clearly pre-arranged, either explicitly or by “suggestion”, that the Primary Dealers take up the auction with the promise that The Fed would immediately monetize half what the Primary Dealer’s took!
Folks, this is beyond bad - it is pernicious and outrageous conduct by The Federal Reserve in conspiracy with the Primary Dealers, both of which are now desperately trying to prop up the US Government Bond Market through subterfuge rather than just buying up the bond issue from Treasury when originally put to the market!
If you think the economy and credit markets are “on the mend” why would The Fed do something like this? It would not be necessary unless The Fed was told (by those very same Primary Dealers) that they were going to be unable or unwilling to take down any more Treasury Debt.
Folks, let me be clear: The United States HAS OFFICIALLY HIT THE TREASURY DEBT WALL and The Fed and Treasury are engaged in subterfuge and conspiracy in an attempt to hide this from the market. There is no other explanation for what just happened. None.
When it sinks in to the market’s consciousness - we had two failed Treasury Auctions last week, both 5 and 7 year, yet we intend to try to borrow ANOTHER $400 billion next quarter and nearly $100 billion this coming week - the consequences could be extremely severe.
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
Ron Paul on Federal Reserve Audit: We Will not Be Stopped.
Comment by Walter E. Haas 13 July 09 Socio-Economic History Blog.
Please be advised that there has been much effort to suppress my comments at Amazon Books and at Yahoo and google.Not all reps for these compaines are opposed to my comments.The majority are.
The first Amendment of the U.S Constitution protect the right of free speech.As special interest control communication this right is limited.This oppression threatens democracy.
Ron Paul and a few others have stood up to the Fed and its illegal existence.Article 1 Section 8 of your U.S. Constitution proves the FED illegal.Congress will not take action to nationalize the the peoples bank of U.S. because they are status quo.If they do not enforce the constitution they are worthless.
If you notice most bankers you see are gentile not jewish.The FED is controlled by jews.Rothschild controls the central banks of the world.Reference 4rie.com,Jew Watch.com,Rense.com.Rockefeller and Rothschild are richest familes in the world.Gentiles and jews work together.They are the same in banking industry,etc.
Most of the bankers and there imployes are gentile.The bonus and commissiom system corrupts bankers and others who work in banking industry,etc..This is why there is no effort to get rid of the FED.The banking lobby controls the U.S. senate as the oil industry and others do.Investments in shares in banks etc is also dominant influence.Capitalism must have unlimited money supply for expansion including globalization.Corporates and business are enslaved and corrupted by it.Fractional banking and leveraging are ways to make money out of thin air.
Thomas Jefferson stated we would be enslaved by private bank control of U.S..Rothschild family memeber stated who controls the money controls the nation.Please research for correct quotes.
Now to give example of how corrupt our business sector is in U.S. the insurance industry is good example.Nationalize medical is necessary for the welfare of the people of U.S. but special interest are opposed to it as profit margine and employment benefit from system as is.Fox News goes on about this with their right wing propaganda.The fact is the right of the people is not important profit is.Now this is what the capitalist system is about.Uneducated people are easy to brainwash that is how capitalism exploits.Take advantage of those without knowledge.Keep the people stupid.This is why America is in condition it is in.One percent control ninety percent of the wealth in U.S..This is all the proof that is needed to convict the capitalist system.A draft military is democratic.Why do we not have one.You can lose your freedom without draft army.
What I just said is not out of context.Who is going to protect you from the criminals.
Futher credit is necessary for expansion and investment.
money out of thin air is only way to have so much money for investment.This is what cause the melt down.Fractional banking and leveraging plus other phoney gimics resulted in depression.Regulators were and are controlled by the establishment.The definition establishment to me means those who rules in the open or in secret.
In closing I want all to know that my comments have been used out of context.Most of books I reviewed and made comments on have been removed.The list of books and reviews are not complete.Tragedy&Hope by C. Quigley exposes the international bankers.Bill Clinton was a follower of Quigley.The Case Against Free Trade by Jerry Brown and Ralph Nadar gives fact that have been proven true has been removed.There has been effort to dilute and discredit my comments.This is in process today.The internet record is permanent.All my comments, reviews are available if the provider wants to release them.Amazon,yahoo,google.Reference search google,Yahoo Walter E. Haas.
Madoff is only tip of iceberg.If the FED is unconstitution
al then the U.S. Constitution is violated.The Federal Reserve Act, or a vote by senators has not changed Article 1 section 8 of the U.S. Constitution.The Constitution was not amended so where is the right of the senate to override the Constitution.
Sweden has a good social system as France has.They are both under attack by globalization which is instrument of the NWO.
The elite and business sector want globalization which will destroy our constitution and America.
Immigration is problem all over the western world.Greece, Ireland are to good example plus Italy which is expelling
illegals now in opposition to E.U..
The FED, immigration and free trade are the enimies of America with all other sector who support the lost of America as a nation for power control and a few dollars more.If our nations security is threaten this is true statement.
I want to be proved wrong.Please prove with facts and evidence what I say is untrue.I love America why do I say the things I do.What is the motive.I am not a communist,
fascist or jew hater.I am A National Democratic Socialist.
Sweden,France have been socialist and hated by the capitalist for it.
No class has the right to enslave the majority of mankind to retain power and control.The law of nature will prevail even though it may be slow in materializing.The Romans destroy themselves as result of enslavement of its own people.Slave labor,excessive interest on credit and total corruption and war.Julius and Augustus took care of the problem.The elite lie about history to serve their ends.The truth still exist.Might is right takes many forms as the cycles of histoty prove.Why is China financing U.S..Who finaced China,India,etc..Who is on who’s side.Tragedy&Hope by Carrol Quigley.The Case Against free Trade by Ralph Nadar.Eustus Mullins Tells It Like it Is-at Rense.com.About history of FED.Prove him wrong.
Walter E. Haas God Bless America
Ron Paul On Federal Reserve Audit:We Will Not Be Stopped.This article can be found at Socio-Economic history Blog.The date of article is July 11 2009.I made comment for this article.Please read.
In a world of specialization the whole picture is not seen.One aspect concentrated upon deceives.Corruption of FED causes chain reaction through whole system.Business sector is narrow.A full picture is necessary for solutions.
If a foundation is rotten it must be build with new material.
Author Schopenhauer Essays And Aphorisms in segment on philosophy and the intellect page 120 9 and 10 the following:
The discovery of truth is prevented most effectively, not by the false appearance things present and which mislead into error,nor directly by weakness of the reasoning power,but by preconceived opinion,by prejudice,which as a pseudo a priori stands in the path of truth and is then like a contrary wind driving a ship away from land,so that sail and rudder labor in vain.
Every general truth is related to specific truths as gold is to silver inasmuch as it can be converted into a considerable number of specific truths which follow from it in the same way as a gold coin can be converted into small change.
Walter E. Haas God Bless America
Please be advised that my last comments for Ron Paul article were on 13 July 2009.Go to that date for article to read comments complete as I added comments to article 13 July which are not added in dates prior.The article was circulated 11 July 09.Same article and my comments with add on 11,12,.13 being completed date July 09.
Walter E. Haas God Bless America
Truth is stranger than fiction.
For dates and facts and a breath of fresh air please view the following films on DVD.
FAHRENHEIT 9/11 by Michel Moore,ZERO Presented By IPF TELEMACO,911 In Plane Site A Power Hour Production.
The American News Media and its supporters are a disgrace.Fox News is best example and it is number 1.Thanks for the proof.The American culture is portrayed by the movies it produces which are mostly trash in my opinion.There is no intellect in most of these movies which indicates the condition of the people who pay to see them.Who is responsible for the condition of the American culture.These three film and the film by Oliver Stone JFK are all that is needed to know the truth.
Walter E. Haas God Bless America.
Do not be mislead by fools, lies, cheats and thoes against mankind.Read The Satanic Central Banksters”Monetary Enslavement System 3 Sept 09 at Socio-Economic History Blog-BackType.Type in my name and select all upper right hand corner then topic.The references with 28 comments will make things crystal clear unless you support Nixon, Reagan,Bush,Obama.Johnson,Clinton,FDR the same.
None of them can be trusted if you check the facts of what they say and do.America is a con game for power and profit and for you to be enslaved in my opinion.A chipped credit robut,robot slave.Look in the mirror Robuts.Here’s looking at you clone.Is your mirror clouded.If you are not a Robut your mirror is clean,so keep it that way.Bring in the SUNSHINE.
Walter E. Haas God Bless America leodragon97@hotmail.com
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