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lquadland10 (< 20)

Any up dates on this? Mon. Aug. 31 2009

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April 14, 2010 – Comments (2) | RELATED TICKERS: GS , GLD , SVL

var adsrc = 'us.reuters/bizfinance/funds/article;' + (typeof(seg)=='undefined'?'':seg) + 'type=mpu;sz=300x250;tile=2;articleID=USSP47327420090831;ord=' + (typeof(tmstmp)!='undefined'?tmstmp:12345) + '?'; if ( typeof(AD_TRACKER) != 'undefined' ) { adsrc = AD_TRACKER.processAdSrcType(adsrc); } if ((typeof (hideAllAds) == 'undefined' || hideAllAds == false) && (typeof (AD_TRACKER) == 'undefined' || AD_TRACKER.isAdHidden('mpu') == false) && (typeof (hideAd_10036163) == 'undefined' || hideAd_10036163 == false)) { document.write('= 0) || navigator.userAgent.indexOf("WebTV") >= 0) { document.write(''); document.write(''); } } if (typeof(window.populateRaptAdSize) != 'undefined') populateRaptAdSize('type=mpu;sz=300x250;tile=2;'); More Reuters Results for: "" highlighter.highlight(); Reuters.utils.addLoadEvent(function() { Reuters.utils.replaceContent('searchModule', '/assets/searchIntercept?blob='+highlighter.searchKeywords(), null, null) }); #searchInterceptResults {display:none;} #searchInterceptResults.wResults {display: block;} UPDATE 1-Beijing's derivative default stance rattles banks State-owned firms may default on commodity hedges - reporthttp://www.reuters.com/article/idUSSP47327420090831?pageNumber=2&virtualBrandChannel=11604  http://www.chrismartenson.com/blog/irreconcilable-differences/38306

The Federal Reserve has effectively been monetizing far more US government debt than has openly been revealed, by cleverly enabling foreign central banks to swap their agency debt for Treasury debt.  This is not a sign of strength and reveals a pattern of trading temporary relief for future difficulties.

This is very nearly the same path that Zimbabwe took, resulting in the complete abandonment of the Zimbabwe dollar as a unit of currency.  The difference is in the complexity of the game being played, not the substance of the actions themselves.

When the full scope of this program is more widely recognized, ever more pressure will fall upon the dollar, as more and more private investors shun the dollar and all dollar-denominated instruments as stores of value and wealth. This will further burden the efforts of the various central banks around the world, as they endeavor to meet the vast borrowing desires of the US government.http://www.chrismartenson.com/blog/shell-game-continues/37778

http://www.chrismartenson.com/blog/irreconcilable-differences/38306?#comment-72985

   DAILY DIGEST Daily Digest - April 14 Wednesday, April 14, 2010, 10:54 am, by saxplayer00o1 Major Lenders Say They Will Write Down Second MortgagesU.S. Postal Service Risks Taxpayer Bailout: GAORetail Vacancies Continue to Creep HigherStrip Mall Vacancies Hit 30-Year High20 Houses Demolished, Many More To Go As Lansing, County Clean UpCity Considers Vacant Building FeesDetroit-Area Home Sales Up 6.2%Teacher Pension Deficit at $900 Billion May Be Triple ReportedDoes The State Of Illinois Owe You Money?Illinois ‘Poster Child’ of Debt Crisis Draining State ServicesUnfunded-Liabilities Nightmare in ConnecticutChina Official: Won't Bow To Foreign Pressure On Yuan

2 Comments – Post Your Own

#1) On April 14, 2010 at 8:38 PM, lquadland10 (< 20) wrote:

ops I need to prof read better. I know you will forgive me I am tired.

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#2) On April 14, 2010 at 8:40 PM, lquadland10 (< 20) wrote:

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