Marketable?
Why then is the FED having to buy treasuries?
The Fed now holds $2 Trillion in US debt....the second largest holder.....the Social Security Trust, (which is mandated to BUY UST) is 1st at $3 Trillion and China is 3rd at $1.2 Trillion (which is actually showing a decrease in their purchases)
Tiny Belgium - as a proxy for the ECB has stepped up to help the FED maintain low interest rates on UST.
Marketable?
My, my, ssd, that bastard stepchild of Ayn Rand Paul and Ludwig von Mises is back giving us another economics lesson.
Hmmmm....let's see how he has done. Check this out:
10-02-2012, 08:27 AM
Thread: What time is it?
by ssd
Replies
9
Views
92,532
Selkirk:
I am long gold -
Hmmmm Gold October 2012 $1717. Today $1288 ssd is down 30%
I am long silver - physical ( I have been...
Hmmmm....silver August 2012 $31.17, today $20.62. ssd is down 30%
So, the
financial genius has managed to blow of one third of his investment in precious metal in two years.
Whatta genius, eh? Look out Warren Buffett....or Jimmy Buffett....or Pete Buffett, the guy who picks up my garbage.
And we should listen to him expound on financial matters?
Sure thing, and you should listen to this shit too:
Laughing my ass off.