Well, I have PLENTY of debt for sale... CHEAP
thats the problem ... we got to much debt and its overwhelming ... no one wants to buy it! that includes the bond brokers.
[
link to www.321gold.com] < its going down and is no accident...just a wreck
PEOPLE READ THIS ARTICLE AT THE LINK ITS AWESOME AND WAS POSTED IN 2009 ABOUT WHAT THE BOND TRADERS TOLD THE BIG BOYS WHAT THEY CAN DO WITH THEIR TRIPLE RATED TOILET PAPER!
PRESS THE GREEN BUTTON(PRINT PRESS) AND WE WILL TELL YOU WHEN TO STOP!!!!!!! [
link to www.321gold.com] < A MUST READ
here is a tidbit 7. What's happening in bond land? The latest US govt bond auction was for $110 billion. Two years ago the average monthly bond auction total was $5 billion, $10 billion, numbers like that. The US govt finances its debt with bonds. A $2 trillion deficit means $2 trillion in new bonds needs to be issued. Approx. $200 billion a month.
8. I want to take you inside the mind of a primary dealer. These are the approx. 20 dealers that have contracts with the US govt to market their bonds. The way the deal works in the govt's mind is: "You buy our bonds and sell them. You can short t-bonds going into the auction and bag a nice profit for yourself. But if you don't sell the bonds to your clients, guess who owns them? You do! If you don't like it, no more primary dealing for you, got it? And maybe we aren't so keen to hand over anymore bailout money or allow fraud accounting of your OTC derivatives. So play ball, or we take you out."
9. I spent two hours yesterday meeting in person with a very good friend of mine who is retired as the largest govt bond trader in Canada for one of the primary dealers. He still manages $1.5 billion as a side gig. His minimum trade is $5 million. He looks like a pitbull and uses 4 letter words like Mr. Bernanke uses a greenback photocopier. He carefully detailed to me the horrors that began roaring thru the bond market, horrors that are growing, since the shocking $110 billion US govt bond auction was announced for this week.
10. The bottom line is: There isn't enough money to soak up all the govt paper screaming down the pipe. The $300 billion in total that Mr. Bernanke committed to buy the bonds over multiple auctions, is a drop in the bucket. It's not enough.
PEOPLE READ THIS ARTICLE AT THE LINK ITS AWESOME AND WAS POSTED IN 2009 ABOUT WHAT THE BOND TRADERS TOLD THE BIG BOYS WHAT THEY CAN DO WITH THEIR TRIPLE RATED TOILET PAPER!
PRESS THE GREEN BUTTON(PRINT PRESS) AND WE WILL TELL YOU WHEN TO STOP!!!!!!! [
link to www.321gold.com] < A MUST READ..............................
.....................................
....................................................
