jamesp
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Post by jamesp on Jun 18, 2013 14:08:42 GMT -5
Dear concerned American,
I have troubling news to report.
News that was NOT announced publicly by the United States government, that is.
In an unprecedented agreement, the U.S. Treasury has agreed to give China direct access to its auctions.
Per the deal, China is allowed to bypass Wall Street, and purchase Treasury Bills without placing any bids through primary dealers.
The deal wasn't announced publicly or in any message to primary dealers.
Never before... Not in the entire 237-year history of this great country has any foreign government been granted such intimate access to Capitol Hill.
Although there are no laws being broken, the Treasury's accommodation of China is definitely suspicious.
China already holds more than $1.2 trillion in U.S. Treasuries. Before long, China will own 50 cents on every dollar of U.S. debt.
With that in mind, I must ask a very difficult question...
Has the United States ALREADY lost its sovereignty to China?
Yes, China now owns/runs the United States.
No, the United States remains an independent nation.
I've seen the poll results, and they're shocking.
As always, thanks for your participation,
Robert Williams Founder, Wall Street Daily
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Post by deb193redux on Jun 18, 2013 14:33:24 GMT -5
This seems to be 2011/2012 news. Your post makes it sound like breaking news. ( ). Does you copying/spamming the forum with old news have a point? As near as I can tell, the arrangement does not change how many bonds are offered, or change the price China (or anybody) pays for the bonds. It only Lets China buy w/o having to have a wall street firm buy for them. These firms no longer get advance knowledge of China's orders, and have one less way to screw the rest of us. While I would like to see more domestic purchases of t-bonds, I got no problem with excluding, trashing, screwing, or dismantling big wall street firms. In fact given this weeks revelations of affidavits outlining Bank of America misdeeds in the foreclosure crisis, protected wall street interests are the last people I give a crap about.
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Post by helens on Jun 18, 2013 14:54:47 GMT -5
What does buying our debt have to do with sovereignty?
Lets pretend that the Treasury is a person. China wants the interest from that person, so loans the person money. The money is NOT collateralized by ANYTHING, so think credit card.
What happens if you owe a lot on your credit card and you can't pay it? Your credit takes a hit. You are a bad person. What else happens? Nothing.
Who's in the better position, the person who owes the debt and doesn't pay, or the person who loaned the money and doesn't get paid? Who got who's money?
China buys our debt for a very simple reason. We pay them for our imports in dollars, and they have to do SOMETHING with those dollars. They may as well earn some interest on it. So they buy our debt for our pathetic 2% interest. As our dollar weakens and falls, they get less money back than they bought the debt for. As the interest rate rises, they get less money back than they bought it for (because the INSTRUMENT- the T-bill itself, is worth less with a lower face value at a lower interest rate).
Of course Wall Street is whining. Buying direct means they lose billions in commissions. Wouldn't you whine if you were the middleman in a transaction and your customer went directly to your source?
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Post by deb193redux on Jun 18, 2013 14:59:35 GMT -5
These transactions did not have commissions, but the wall street firms used the information to change their own orders - kind of like insider trading. One silver lining I see to sea level rise, is that wall street is on some of the lowest ground on the lower tip of Manhattan.
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Post by helens on Jun 18, 2013 15:03:30 GMT -5
These transactions did not have commissions, but the wall street firms used the information to change their own orders - kind of like insider trading. One silver lining I see to sea level rise, is that wall street is on some of the lowest ground on the lower tip of Manhattan. LOL! That's funny:).
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jamesp
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Post by jamesp on Jun 18, 2013 18:47:45 GMT -5
Thanks.You guys cleared it up and i appreciate it.
It says 'before long China will own 50 cents on every dollar of US debt'.
Has that level of ownership been attained?Has this old news prediction come true?
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bushmanbilly
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Post by bushmanbilly on Jun 18, 2013 19:54:39 GMT -5
Hmmmm in the real world when you can't make your payments and are beyond the limit of credit. They take your house and everything they can sell. But when your using Barry's philosophy you have to spend your way out of debt. 3 1/2 more years equals about 4 more Trillion. Kinda reminds me of the Johnny Cash song Ring of Fire.
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Post by helens on Jun 18, 2013 20:44:17 GMT -5
What are you talking about? When they buy up 50+% of our T-bills, we just file bankruptcy. Doh.
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bushmanbilly
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Post by bushmanbilly on Jun 18, 2013 20:50:38 GMT -5
What are you talking about? When they buy up 50+% of our T-bills, we just file bankruptcy. Doh. I believe you should ask for a refund from that high classed college you went to.
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Post by helens on Jun 18, 2013 20:56:18 GMT -5
What are you talking about? When they buy up 50+% of our T-bills, we just file bankruptcy. Doh. I believe you should ask for a refund from that high classed college you went to. LMAO!!! Billy... the Fed controls the world money supply. Why do you think both the Chinese AND the Europeans want to untie their currencies from the US dollar (but can't)?
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bushmanbilly
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Post by bushmanbilly on Jun 19, 2013 0:27:50 GMT -5
Helen when your dollar tanks. There will be a new currency taking its place faster than you can say Barry Soetoro! As Jed would say "get the wheelbarrow Granny, were going to see Mr. Drysdale and Jane" Look Elliemay the new toilet paper is here!
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Post by helens on Jun 19, 2013 5:40:10 GMT -5
We'll see:). I don't think so:).
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Deleted
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Post by Deleted on Jun 19, 2013 6:14:19 GMT -5
Hmmmm in the real world when you can't make your payments and are beyond the limit of credit. They take your house and everything they can sell. But when your using Barry's philosophy you have to spend your way out of debt. 3 1/2 more years equals about 4 more Trillion. Kinda reminds me of the Johnny Cash song Ring of Fire. Sorry about tilting this thread but I just had to throw this in. Speaking of rings of fire, "how is the mayoral race going up there?" Sounds like you had better get control of your own government Billy. I think the story said something like "there are problems in every large city in Canada". Mayors there seem to think wrong is right and they are dropping like flies. Jim
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bushmanbilly
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Post by bushmanbilly on Jun 19, 2013 12:29:47 GMT -5
You tell me Jim. A leftwing city finally elects a Mayor that is into saving money and who is a conservative. Meanwhile a extreme leftwing newspaper and city councillors are trying every trick in the book to defame him. Thats what happens when you pissoff the liberal unions. Privatized the trash collection and saved the city a billion a year. Hell they tried to make a big scandal over Mayor Ford eating at Kentucky Fried Chicken. They photoshop a picture and claim to have a video of him smoking crack. Funny thing thing is they are taking the words of a drug dealer as gospel truth. Raises $200,000 to buy the vid. Hmmmm no vid has ever surfaced and can't find the drug dealer. ut the world only hears the first part of the story. Liberal media at its best. They learned from the best smear campaigns around. Your PREZ!!!!!!! Chicago politics of the north.
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Post by helens on Jun 19, 2013 12:33:58 GMT -5
You tell me Jim. A leftwing city finally elects a Mayor that is into saving money and who is a conservative. Meanwhile a extreme leftwing newspaper and city councillors are trying every trick in the book to defame him. Thats what happens when you pissoff the liberal unions. Privatized the trash collection and saved the city a billion a year. Hell they tried to make a big scandal over Mayor Ford eating at Kentucky Fried Chicken. They photoshop a picture and claim to have a video of him smoking crack. Funny thing thing is they are taking the words of a drug dealer as gospel truth. Raises $200,000 to buy the vid. Hmmmm no vid has ever surfaced and can't find the drug dealer. ut the world only hears the first part of the story. Liberal media at its best. They learned from the best smear campaigns around. Your PREZ!!!!!!! Chicago politics of the north. This is exactly what the right wing does to Obama. As evidenced by YOUR photos that YOU have posted here smearing him. How very amusing.
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bushmanbilly
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Post by bushmanbilly on Jun 19, 2013 12:44:59 GMT -5
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Post by helens on Jun 19, 2013 12:48:36 GMT -5
Dear Billy... doing just that is why your guys are losing:).
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bushmanbilly
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Post by bushmanbilly on Jun 19, 2013 13:01:39 GMT -5
Dear Billy... doing just that is why your guys are losing:). I guess if you think that Barry dropping another 8 percent this month is winning. Carry on then. Nothing to see here. 2014 should clear things up.
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Post by helens on Jun 19, 2013 14:57:46 GMT -5
Winning? He can drop to Bush's 23%, so what. He can't run again, therefore he's already won.
The only issue to be decided is if we are going to continue to have a crippled useless Congress in 2014.
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bushmanbilly
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Post by bushmanbilly on Jun 19, 2013 20:38:25 GMT -5
Winning? He can drop to Bush's 23%, so what. He can't run again, therefore he's already won. The only issue to be decided is if we are going to continue to have a crippled useless Congress in 2014. Yes he won Helen, but it just proves how self centered he really is. All the lies being told in the hearing's. He keeps this up and he will be in single digits by X-mas. I predict that the Dems will lose both houses in 2014 if Holder's hero's keep misleading the public. Btw you just lost a senator today, can't recall his name but he is from Louisiana. How many more will be jumping ship?
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