Zero Hedge is on fire this afternoon

gates · October 13, 2011, 17:18

Lots of good stuff on the board right now...

CaptainJ · October 13, 2011, 18:07

This running from US Treasuries had to happen sooner or later. Hell, people in the US have been going to PMs for some time. Myself included

I still don’t see Weimar or Zimbabwe inflation happening. It’ll be a bitch if it does. Both countries ended up with a devaluation of 4 million to 1

The third article is interesting, Fitch just downgraded or gave a negative outlook on how many banks? Aren’t these central banks? Aren’t primary dealers from the central banks? Can US debt be sold without primary dealers? Somewhat of a moot question seeing how no one wants US debt anyway

Anyway, any speculation on what will happen now with the run on Treasuries?

RG Coburn · October 14, 2011, 00:40

Quote:

Originally posted by CaptainJ

I still don’t see Weimar or Zimbabwe inflation happening. It’ll be a bitch if it does. Both countries ended up with a devaluation of 4 million to 1

Yeah...but just think...paying off your mortgage with a single silver Eagle...
Gotta keep that interest rate locked...

gates · October 14, 2011, 00:42

Heh - remember who we are dealing with...

CaptainJ · October 14, 2011, 14:32

The stock market rallied today. It’s up to 11,611
The news must not have been all that bad

Still, does anybody have any Ideas as what is going to happen
I know Ben will print. Do you think he is going to monetize debt until no one wants to deal with the US$?

gates · October 14, 2011, 14:34

Not just Ben ALL the central banks...

CaptainJ · October 14, 2011, 17:24

You’re saying no central bank will buy US Treasuries?
Or no central bank will use US currency

The world may want to unhitch itself from the US$ but now is not the right time. There has to be another reserve currency and , so far, no one has anything ready to go. Talk of the SDR is just that, talk.

If Ben starts printing with no T-Bills behind them, we will have a true fiat currency

gates · October 14, 2011, 21:58

No I'm saying all the central banks will print - beggar thy neighbor works that way - we already have fiat, it's backed by a nations ability to tax, that, and in our case our military - time to start watching velocity - Ben has already electronically printed enough dollars to hyper-inflate us - at the moment it's sitting on balance sheets...

October 13, 2011, 17:18	#1
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	Zero Hedge is on fire this afternoon Lots of good stuff on the board right now...

October 13, 2011, 18:07	#2
CaptainJ Registered FALaholic #: 27951 Join Date: Apr 2007 Location: Morgan City La. Posts: 892	This running from US Treasuries had to happen sooner or later. Hell, people in the US have been going to PMs for some time. Myself included I still don’t see Weimar or Zimbabwe inflation happening. It’ll be a bitch if it does. Both countries ended up with a devaluation of 4 million to 1 The third article is interesting, Fitch just downgraded or gave a negative outlook on how many banks? Aren’t these central banks? Aren’t primary dealers from the central banks? Can US debt be sold without primary dealers? Somewhat of a moot question seeing how no one wants US debt anyway Anyway, any speculation on what will happen now with the run on Treasuries? __________________ Better a dead Lion than a live dog

October 14, 2011, 14:32	#5
CaptainJ Registered FALaholic #: 27951 Join Date: Apr 2007 Location: Morgan City La. Posts: 892	The stock market rallied today. It’s up to 11,611 The news must not have been all that bad Still, does anybody have any Ideas as what is going to happen I know Ben will print. Do you think he is going to monetize debt until no one wants to deal with the US$? __________________ Better a dead Lion than a live dog

October 14, 2011, 17:24	#7
CaptainJ Registered FALaholic #: 27951 Join Date: Apr 2007 Location: Morgan City La. Posts: 892	You’re saying no central bank will buy US Treasuries? Or no central bank will use US currency The world may want to unhitch itself from the US$ but now is not the right time. There has to be another reserve currency and , so far, no one has anything ready to go. Talk of the SDR is just that, talk. If Ben starts printing with no T-Bills behind them, we will have a true fiat currency __________________ Better a dead Lion than a live dog

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

October 14, 2011, 00:42	#4
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	Heh - remember who we are dealing with...

October 14, 2011, 14:34	#6
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	Not just Ben ALL the central banks...

October 14, 2011, 21:58	#8
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	No I'm saying all the central banks will print - beggar thy neighbor works that way - we already have fiat, it's backed by a nations ability to tax, that, and in our case our military - time to start watching velocity - Ben has already electronically printed enough dollars to hyper-inflate us - at the moment it's sitting on balance sheets...