Further down in the article: - - - "I think you are seeing an international bit of a crisis in terms of confidence in the U.S. and a lot of it centers around policies that are highly inflationary," said Edmonds. The surge in long-term Treasury yields is evidence that some foreign countries do not trust that the U.S. deficit spending program is sustainable.
The U.S. has "created an inflationary monster" with its multi-pronged bailout and other countries are raising the red flag," said Edmonds. "They are screaming get your fiscal house in order," said Edmonds. - - - Sigh. Unless we correct course in a major way next year in congressional elections say goodbye to prosperity in the US for at least a generation, maybe more. The spendaholics in charge right now I believe WANT to break the bank and break it for good. It's willful, malicious and destructive policy aimed at destroying our system. There is no other explanation for it. Even the benign explanation of stupidity doesn't fly---these are all supposed to be brainiacs doing the dumbest things possible--if you assume the goal is to ensure American prosperity. IF the goal is the opposite, why, then what they are doing is friggin' brilliant. They have the population going along with this thinking The One is doing a bang-up job. He's doing a bang-up job alright. On our children and grandchildren. I wish there was some way to stop this insanity right now. - Bob > -----Original Message----- > From: [email protected] [mailto:[email protected]] On > Behalf Of Bob Calco > Sent: Wednesday, June 10, 2009 3:39 PM > To: 'ProFox Email List' > Subject: [OT] Treasury yields soar > > http://bit.ly/9VxHQ > > - - - > Government debt prices tumble as new debt is prepped for auction and > Russia > says it will sell some of its holdings. > > ... > > Debt sale: The government continued to sell large amounts of debt to > fund > the stimulus aimed at boosting the economy. > - - - > > If you think this is a good thing, you deserve what's a-coming'. > > Even Russia has concluded we're a bad credit risk. That says something. > > - Bob > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
