Saturday, 05 January 2013 09:37
'It’s Friday December 14th, 2012 and the CIA-approved mainstream media talking heads speak on the TV with authority on this newly staged fear event; they seem to know they’ve got their zombies caught in their dark web of mind control this time; for this time it’s a shooting with lots of children, and millions will be able to relate to this soap opera tragedy. This time there will be no escaping their maze of fear as depression and anxiety sets in.'
Saturday, 05 January 2013 09:18
'With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that keeps bidding for this stuff. Well, wonder no longer. As the WSJ notes, Spain has been quietly tapping the country's richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds - with at least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt.
Of course, this is nothing new, the US (and the Irish) have been using quasi-government entities to fund themselves in a mutually-destructive circle-jerk for years - the only difference being there are other buyers in the Treasury market, whereas in Spain the marginal buyer is critical to support the sinking ship.'
Saturday, 05 January 2013 09:14
Posts
