BREAKING! BRITISH BOND AUCTION FAILS! | |
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9teen.47™ User ID: 642417 United Kingdom 03/25/2009 10:21 AM Report Abusive Post Report Copyright Violation | :niksch: Uh oh. Zec 12:3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it. Psa 9:17 The wicked shall be turned into hell, [and] all the nations that forget God. Jer 6:2 I have likened the daughter of Zion to a comely and delicate [woman]. STOCK UP NOW. You should have at least 6 months worth of basics for every member of your household. Stay away from crowds when trouble starts, do not forget water storage, tobacco is worth more than gold or silver, and be kind to hungry children. |
Anonymous Coward User ID: 515251 United States 03/25/2009 10:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 554626 United States 03/25/2009 10:25 AM Report Abusive Post Report Copyright Violation | U.K. Bond Auction Fails for First Time Since 2002 on Brown Plan Quoting: MercurialStorm[link to www.bloomberg.com] By Kim-Mai Cutler We are next... OBAMA thinks CHIAN will BUY your DEBT... WRONG... NO MONEY LEFT... GAMES OVER. |
Anonymous Coward User ID: 417517 United Kingdom 03/25/2009 10:27 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 554906 Australia 03/25/2009 10:33 AM Report Abusive Post Report Copyright Violation | The yield on the 10-year gilt rose five basis points to 3.43 percent by 12:57 p.m. in London. The 4.5 percent security due March 2019 slipped 0.47, or 4.7 pounds per 1,000-pound face amount, to 109.36. The yield on the two-year note rose two basis points to 1.28 percent. Yields move inversely to bond prices. Quoting: MercurialStormThe bonds failed to sell and the value of existing bonds dropped sharply as news came out. Positive feedback loop, failure reinforcing failure. |
Anonymous Coward User ID: 550635 United States 03/25/2009 01:58 PM Report Abusive Post Report Copyright Violation | Can someone explain to me why investors buy debt if I buy something I want to be able to live in it, drive it, sail it, watch it, eat it, etc etc wtf do you do with some debt? Quoting: Anonymous Coward 399487debt = enslavement Yep, thats their plan. They want workers that keep making them rich (as usual) and work for 30c an hour. |
Avian User ID: 464853 United States 03/25/2009 01:59 PM Report Abusive Post Report Copyright Violation | as a country gets further and further into debt the lenders become increasingly nervous that at some point the future, those debt obligations wont be honored would you lend money to someone who just committed fraud and is heading for jail? hell no TICK TOCK TICK TOCK June 2009 Connect the DOTS "When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck |
Anonymous Coward User ID: 630140 United States 03/25/2009 02:03 PM Report Abusive Post Report Copyright Violation | |
KimJongiLia User ID: 576572 United States 03/25/2009 02:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 549471 United States 03/25/2009 02:26 PM Report Abusive Post Report Copyright Violation | Can someone explain to me why investors buy debt if I buy something I want to be able to live in it, drive it, sail it, watch it, eat it, etc etc wtf do you do with some debt? Quoting: Anonymous Coward 417517lol haven't studied much economics huh? Let me put it in street terms for you, If you let me borrow $20 today I will pay you back $30 next week. Im the government and you're the bond buyer, get it? |
Anonymous Coward User ID: 368888 United States 03/25/2009 02:31 PM Report Abusive Post Report Copyright Violation | Can someone explain to me why investors buy debt if I buy something I want to be able to live in it, drive it, sail it, watch it, eat it, etc etc wtf do you do with some debt? Quoting: Anonymous Coward 549471lol haven't studied much economics huh? Let me put it in street terms for you, If you let me borrow $20 today I will pay you back $30 next week. Im the government and you're the bond buyer, get it? Kind of like buying a certificate of deposit at the bank. You get paid back an interest above what you gave them. However, if they can't find people to buy, they will have to increase their rate they are willing to pay to the buyers of these bonds. If bonds go up, mortgage rates go up and certificate of deposit rates at a bank go up. Inflation! |
Anonymous Coward User ID: 2958 United States 03/25/2009 02:32 PM Report Abusive Post Report Copyright Violation | Let me put it in street terms for you, If you let me borrow $20 today I will pay you back $30 next week. Im the government and you're the bond buyer, get it? Quoting: Anonymous Coward 549471And I'll finish that story for you. Next week comes and for the first time in history, when you go to collect your $30, and the gubmint says: "Aww, shit, man, we ain't got the money. Sorry. Can we interest you in a block of cheese or some powdered milk?" |
dennis_k85 User ID: 89746 United States 03/25/2009 02:40 PM Report Abusive Post Report Copyright Violation | Wait till it happens in the USA - then it gets REAL Quoting: Anonymous Coward 423573It already has, why do you think the Fed is buying treasury bonds? No body else wanted them. And also how can the Fed buy treasury bonds since it back by treasury bonds, one big circular clusterf#@$k. cd pub more beer |
Anonymous Coward User ID: 638453 United States 03/25/2009 02:46 PM Report Abusive Post Report Copyright Violation | |
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Poof User ID: 458746 United States 03/25/2009 02:54 PM Report Abusive Post Report Copyright Violation | another fucking stupid thread on GLP. i went out today, people spending money, everything was abnormal. sure people arent spending as much money as in good times, but life is still continuing. Quoting: Anonymous Coward 642370When they look up to see the snowball rolling downhill towards them, that will change. |
Anonymous Coward User ID: 626334 United States 03/25/2009 02:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 368888 United States 03/25/2009 02:57 PM Report Abusive Post Report Copyright Violation | another fucking stupid thread on GLP. i went out today, people spending money, everything was abnormal. sure people arent spending as much money as in good times, but life is still continuing. Quoting: Anonymous Coward 642370It will continue until they, or someone close, loses their job. Then can't find job making close to what they were making. |
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Anonymous Coward User ID: 642285 United States 03/25/2009 03:40 PM Report Abusive Post Report Copyright Violation | See if this helps: When one is "rich" enough, you have all the "things" you could possibly want/need/use in a lifetime. You don't need "mortgages" because if you want a house or apartment you just write a check for it. Your Amex bill is audited and paid by your CPA each month. As long as there is money to pay it, what the fuck do you or he care what you may spend? If you are smart, eventually you buy things that do not depreciate any longer. Houses, cars, etc., can all be had at a certain quality and type where they just go up in value not down. Once a wealthy person is at this "level" and still has money - the question is "what should I do with it?" Buying government securities is (or has been til now) one of the safest investments you could make. Oh, you don't get a huge interest payment - but then again if you have that kind of cash laying around - do you need a huge interest payment? You probably need 2 or 4 per cent per year on your invested money. That gives you enough income to pay the ongoing expense without dipping into you capital for those costs (like insurance, medical care/insurance/ maintenance on the house/apts./cars/etc. Cost of maids, butlers, personal assistants, etc., all has to be factored in. You aren't going to be cleaning your own mansion or cooking your own food when you're that well off. So that's why these wealthy individuals buy government debt. They get income every month or every quarter and the government gets the use of their spare cash. Not a bad deal unless the interest rate is as bad as it is at present. Then people will still buy them because of their perceived safety. Can someone explain to me why investors buy debt if I buy something I want to be able to live in it, drive it, sail it, watch it, eat it, etc etc wtf do you do with some debt? Quoting: Anonymous Coward 550635debt = enslavement Yep, thats their plan. They want workers that keep making them rich (as usual) and work for 30c an hour. |
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Gridkeeper User ID: 639086 United Kingdom 03/25/2009 04:07 PM Report Abusive Post Report Copyright Violation | I used to instal wall storage cupboards for the banks and investment companies in London City. They've not spent money on cupboards for over 6 months. Sounds silly but it is a big sign. Super Soldier program available to the public [link to www.youtube.com (secure)] Supernatural Spirit Magic School [link to www.youtube.com (secure)] Anti-ageing [link to www.youtube.com (secure)] |