If that doesn’t happen, Gold will collapse the US dollar will explode upward and oil will fall below $40 a barrel, unleashing a possible crisis in the middle east.
During the Clinton administration, his treasury secretary Timothy Geithner had the idea to stop issuing treasury bonds. The argument was that the treasury market was so liquid, and bonds turned over so automatically, that a short-term bill had the same duration as a long bond. So why pay the extra interest?
The US went into a recession, government revenues collapsed, and the US started to run gargantuan deficits. This flooded the market with treasury bills of very short duration.
Banks don’t lend money “out.” Banks create money. Reserves are held as insurance against bank runs and loan losses. To operate as reserves, these assets cannot have any risk. Therefore, banks can only use very short-term bills as reserve.
This flooding of the world with bills, caused by deficits, is the fodder that allowed foreign banks to expand their balance sheets almost infinitely, especially in China. It is what allowed China to finance its trade bonanza and expand its industries worldwide.
The news that the US is contemplating issuing 50 and 100 year bonds is an act of war. Since nearly all foreign bank dollar reserves are in treasury bills, and banks cannot hold bonds as reserves, foreign banks would have to fund reserves in their own currencies.
A 100-year treasury bond carries almost infinite risk. If interest rates on a 100-year bond went from (say) 3% to 6%, that would be a 50% capital loss to the holder, but is that holder is a bank, and this is bank reserve, the bank would become insolvent overnight.
As I said, banks do things for their own reasons, not yours. It’s hard to imagine why they announced their intention to issue longer duration securities versus simply issuing them and not doing it as a press release. Surely the nano-percent of the world that understands what this means would pick up the news by simply watching the treasury issuance schedule which is posted on their web site.
If I had to guess, I’d say it was in response to China’s actions in Hong Kong, something the Chinese with their influence over the US media and US based Chinese sponsored think tanks has been able to suppress.
We shall see.
The preferred subject were female abused children who due to their altered chemistry and the female’s ability to withstand pain better than their male counterparts became the dominant subject.
Dehumanized, their brains so washed, ultimately they were considered ‘babies’ intellectually. LSD was a favored substance utilized to dehumanize over a prolonged period of time, sometimes years. After it became known to the media in the 1970’s, trials, investigations, and manhunts culminated in ‘pinky swear’ we won’t do it again. Most of the files were subsequently burned. Some remain.
In 2016, Diplomats in Cuba began complaining of odd symptoms; headache, vertigo, blurred vision, hearing phantom sounds. In 2019, brain imaging scans of these Diplomats revealed a significant reduction in ‘white brain matter’. They also showed clear differences in the volume, connectivity and tissue properties of the cerebellum. No conclusions – were ascertained.
George Estabrooks, known for hypnoprogramming American agents during World War 2, gives us some insight into early mind control operations.
It pains me to see Cuomo called Fredo, only because for me, John Cazale’s portrayal of Fredo in the Godfather made the series for me. Who can forget Cazale’s famous line, “People tink I’m stupid. I’m not stupid, I’m smaat. I can do tings!”
Mario Cuomo was one of the biggest crooks in the history of New York politics. During Cuomo’s “reign,” NY politicians had an income source called “honoraria.” Honoraria were paid speeches, much like those politicians do today after they leave office. The difference was Cuomo’s were WHILE HE WAS IN OFFICE!
money he used to pay the law school tuitions of his idiot sons Chris and Andrew.
Chris is a worthless wanker sucker, who hides crime for a living, which is why he’s at CNN. Whitewater, the Rose Law Firm billing fraud, Castle Grande, Cuomo’s firing of the anti-corruption task force, the fact that Sheldon Silver still hasn’t done a day in Jail, Bengazi, the rape of Juanita Brodderick, the email scandal, Uranium One, Fast and Furious, the illegal shipment of weapons and now the coverup of Epstein are not crimes to the grease ball who was weaned on honoraria.
The Cuomo family is the key reason why no New Yorker other than Trump has gotten within 100 miles of the White House since Roosevelt, and why 1,000’s of NY companies have bolted the state.
Oh yea, Chris… you are definitely Fredo. Your problem is you’re not John Cazale.