2015-07-17blogspot.com

``The largest, most liquid global market is almost surely a fraud.. Fed holdings of Treasury debt have remained unchanged, Foreigners have net sold $83 billion, and the Social Security and like "Intra-Governmental" holdings have net decreased by $73 billion.  In the meantime, the US federal government has continued to run a deficit of somewhere (by budget year end in September) of around $500 billion. This means that we are to believe US domestic sources have been on a buying spree... picking up... $650 billion in US Treasury debt at historic low rates (bankrupting themselves in the process due to the low returns vs. plan payouts 3 to 4x's higher) all without even liquidating anything with which to raise this half trillion. Astounding!!!''



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