Please check out Mr. Doug Noland's Credit Bubble Bulletin for this week.
And please note this section:
March 27 – Financial Times (Song Jung-a, Andrew Wood, and Michael MacKenzie): “The world’s fifth-largest pension fund said yesterday it would no longer buy US Treasuries because yields were too low, signalling what could be a big shift by financial institutions away from US government debt into higher yielding assets. South Korea’s National Pension Service, which has $220bn in assets, said it wanted to broaden its range of foreign investment. ‘It is difficult to buy more US Treasuries because the portion of our Treasury investment is already too big and Treasury yields have fallen a lot,’ said Kwag Dae-hwan, head of global investments at the NPS.”
This is really really bad.
I've written previously that if foreigners begin to turn away from U.S. Government Debt, we are screwed on so many levels.
This is a worrisome trend worth watching. If foreigners begin to choose other assets over U.S. Debt, we are in a lot of freaking trouble!
Now I am seriously worried.
Toku.
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8 comments:
So Asia is starting to move out of the US? Ouch!
People are losing trust in government bonds everywhere. In europe the weaker countries like greece have to pay more for their debt than german bunds. The difference is small but increasing - even France has to pay slightly more than germany!
hedge funds getting margin calls:
"Hedge funds reel from margin calls even on Treasuries
LONDON: The hedge-fund industry is reeling from its worst crisis in a decade as banks are now demanding more money pledged to support outstanding loans even when the investment is backed by the full faith and credit of the United States."
And my response is... what faith and what credit??
Our collapse is all but assured. There is no one in a position of power that is willing to do what needs to be done to avoid disaster.
When the people rejected Ron Paul, they sealed their doom.
"And my response is... what faith and what credit??"
Haha - maybe the author was being sarcastic? ;)
I think the only question left is when will disaster strike...this year or next year...
Ron Paul - last time I checked US elections I came to conclusion that the "weaker" states like wyoming had way more people voting for ron paul than say the pampered californians. goes to show that people usually only realize truth after they got into trouble!
Damn, I would learn mandarin if only the asian alphabet wouldnt be so weird!
Agreed on RP. The propping up of Zionist puppets Obama & Hillary over this true patriot show the tight rein our puppetmasters still hold. And the inability for our citizens to wake up.
RP addressed the real issues. Obama and Hillary have only been used to divert attention from them to race & gender red herrings. Just like Dubya diverted attention to gay marriage from the war to get elected (twice).
Anyhow, the FRB has been sucking our coffers dry for decades now so that their funny fiat money is nothing more than hot checks now. It was only a matter of time before everyone caught on.
Too bad we will be the last...as the band plays on.
You will NEVER hear Obama or Hillary talk about something that will make the subprime housing bubble look like a tea party - our impending CURRENCY BUBBLE BUST!
Say hello to the Amero and the NW0! Ole!
One has to wonder though.. if they can even pull off the Amero and regain credibility.
Case in point: JP Morgan Chase has 91 TRILLION dollars in derivatives alone, many times the total amount of World GDP.
When the American bubble bursts, who is going to bail us out?
Mexico? Right.
Canada? They don't have the resources to bail out the multi trillion dollar mess they have created.
Although, as much as it pains me to say this, the stupidity of the American Masses (ala Hitlery and Yo' Mama) is legendary... maybe they will accept another intrinsically worthless currency to replace the dollar.
Damn.
** Multitrillion dollar mess WE have created.
I think they will just go for a pretty open diabolical dictatorship so they won't care much if they have the "credibility". Or another way of putting it: Those with the best weapons are the ones with the most credibility.
Well, if Americans are to the point of starvation and waiting in line for fooed- you damn well better believe they will accept the Amero, a Dictator and ANYTHING t have Bread and Cirucses.
It was interesting to hear that there will be more people on Welfare this year than ever before.
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