During the week of April 26th. The US Governement issued $129 Billion of debt.
The tally for the week on who bought that record amount.
21% foriegn central Banks 67% US Banks 13% Direct Bidder.
Who is the direct bidder? Nobody knows but considering when you take out the US banks and all foreign banks, that really only leaves one group. The Federal Reserve.
You should think to yourself. That supposibly stoped the process known as Quantitative Easing in October 2009. That was the official story. The reality, they are printing away, annonomously as fast as they can, trying to reflate the huge hole which is the US economy. The problem. You can't print enough money in the world to take the place of real productive means and thus, a futile effort.
People in Germany knew this, and the shrewd ones in 1919 bought real assets, borrowed as much as they could get to pay for them, and paid back the loans with postage stamps. In my book, I discuss this concept and have labeled it "Squishy Mail". As in we will pay back our loans with rolls of toilet paper which will be worth Millions in US dollars eventually. That is what happens when a currency becomes worthless at the hands of an out of control Central
|
the wealth code, jason vanclef, financial planner, Vanclef Financial Group, vfg securities, vfg advisors, vanclef