[llamaowner]

treasury bills pay 0% interest! starting yesterday.. the lowest auction rate EVER! and people bought 'em like crazy.. "at least they are SAFE" demand for the no interest T-BILLS was called feverish.. the treasury received 128.5 BILLION in bids..

 

[mcgoo422000]

I noticed that myself , must be hard to find places to loan money for free .
Guess the goverment next will want you pay a percent to buy t-bills .
My question is if the goverment is 10 gazillion dollars in debt what makes this a safe investment ? Just cause they own the printing press don't mean nothing .
mcgoo

 

[llamaowner]

mcgoo: i agree..

 

[Petrov]

I noticed this too; it's curious. The government should be taking advantage of this and selling lots of long maturity debt to lock in these rates. I guess they already are - trillions and trillions worth of borrowing.... ah the wonders of living in a country that the rest of the world has decided is "too big to fail."

 

[cpw]

I noticed that myself , must be hard to find places to loan money for free .
Guess the goverment next will want you pay a percent to buy t-bills .
My question is if the goverment is 10 gazillion dollars in debt what makes this a safe investment ? Just cause they own the printing press don't mean nothing .
mcgoo

The faith in the government ???

 

[llamaowner]

faith in OUR bankrupt federal government? that it will continue to follow the SAME INSANE policy's! (YES!)

 

[llamaowner]

View attachment 131773 glad they passed that auto money hand out thing as well.. GOOD JOB!

 

[thebohunk]

Here I thought Llama could navigate through a thread without posting a pic and a quip to match. I was wrong. You had me going there for a bit Llama.

 

[mcgoo422000]

View attachment 131773 glad they passed that auto money hand out thing as well.. GOOD JOB!

Thats senator Shelby in the picture he has been against the auto industry bailout .
He and sen. sessions voted against the other bailout package too .
If you watched some of the hearings shelby was pretty hard on the auto co CEO's .
mcgoo

 

[llamaowner]

these are SCARY days IMHO any way i look at..

 

[GhostCat]

Thats senator Shelby in the picture he has been against the auto industry bailout .
He and sen. sessions voted against the other bailout package too .
If you watched some of the hearings shelby was pretty hard on the auto co CEO's .
mcgoo

Yeah, my senators are kicking ass and taking names!!!!!.......Proud of'em!!!!

 

[llamaowner]

forbes.com says: we are in a global recession and DEFLATION is concern #1 right now.. the CONSUMER PRICE INDEX has dropped 1% (the biggest decline since BEFORE WW2!)
i like this term:QUANTITATIVE EASING (printing up money) is the fed's idea to FIX this!