e-commentary

. . .

J          “The latest antic seems to be an attempt to control the ten year Treasury rate, but that has other downside and inescapable consequences.  There is no out for the pickle we are in.”

K          “What if the yield reached an unacceptable 5.3 percent and they simply reported that it was a more palatable 4.2 percent or much more comfortable 3.1 percent?  Who would know?  Who would care?  Some players would love the idea.”

J          “That is the next frontier in the reality-free world of public finance.  The unemployment figures are all a fraud.  Inflation is intentionally and systematically underestimated.  The Treasury yield could easily become a pliable and manipulated hologram.”

K          “Someone may discover that they have decided not even to sell Treasuries but simply to report that they have sold Treasuries at a favorable yield.”

J          “There is every reason and incentive for them to lie.  There is no reason or incentive for them to tell the truth.”

. . .

J          “And then what happens when they go forward with their scheme to steal and privatize 500 Trillion in land and minerals that we have always considered public and even sacred.”

K          “They have stolen from and strip mined the middle class for forty years.  The next step is to steal from and strip mine what is left of America.”

. . .

J          “And then when the economic coup d’état envelopes everything and everyone, “The Great Taking” takes over and unleashes the final coup de grâce to take the remains of the economic carcass.”

K          “I have said it before.  The funny thing about the future is that it is so predictable.”

. . .

J          “And the imposition of CBDCs as a Christmas present.”

. . .

[See the e-commentary on the national Debt at National Debt:  36+ Trillion Or 136+ Trillion?  That Is The Question (March 24, 2025); on the fallacious official statistics for unemployment and inflation and other metrics at Bankruptcies?  Layoffs?  Foreclosures?  Evictions?  Inflation? (July 29, 2024); the fraudulent official figures for inflation and alternative measures of inflation and the obvious inflation that the Fed dismissed as “transitory” at the time at Is Inflation Inflating!?!? (April 26, 2021); the work of Professor Mark Skidmore, the recipient of the Fourth Annual Noble Prize In Eco-nomics (October 14, 2019), accurately calculating some of the real public Debt; and the discussion two years ago about AI and CBDCs at CBDC (Central Bank Digital Currencies):  The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity.  And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs?  (April 17, 2023); see also Third Annual Noble Prize In Eco-nomics (October 8, 2018), To Be (In Debt), Or Not To Be (In Debt), what is the answer? (July 23, 2018), Debt Insouciance.  Does Debt Really Matter In The “Debt Age”? (February 25, 2019) and Forgiving American Debt? (March 3, 2008).]

Bumper stickers of the week:

2014:  Fed regulated banks into buying Treasuries;

2015:  Fed regulated money market funds into buying Treasuries; and

2018:  Trump tax legislation incentivized U.S. pensions to buy Treasuries

This entry was posted on April 14, 2025 at 8:58 am and is filed under Central Bank Digital Currencies (CBDC), Debt/Deficits, Inflation, The Great Taking, Treasury, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.