14 January 2009

???

I'm not sure what the implications of this are, but it certainly looks dramatic. Treasuries are US Government Debt. Agencies refers to the debt of Freddie and Fannie.

2 comments:

Anonymous said...

Chairman Ben S. Bernanke, Let's Abolish Credit

All of Our Economic Problems Find They Root in the Existence of Credit.

A Credit Free, Free Market Economy Is Possible.

Both Dynamic on the Short Run & Stable on the Long Run.

I Propose, Hence, to Lead for You an Exit Out of Credit:

Let me outline for you my proposed strategy:


Introduction.

The Numbered Account.

The Credit Free Money: The Dinar Shekel AKA The DaSh, Symbol: - .

Asset Transfer: The Right Grant Operation.

A Specific Application of Employment Interest and Money.
[Intended For my Fellows Economists].


If Risk Free Interest Rates Are at 0.00% Doesn't That Mean That Credit is Worthless?

We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.

In This Age of Turbulence The People Want an Exit Out of Credit:
An Adventure in a New World Economic Order.


The other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.

It will be either awfully deadly or dramatically long.

A price none of us can afford to pay.

“The current crisis can be overcome only by developing a sense of common purpose.
The alternative to a new international order is chaos.”


- Henry A. Kissinger


Let me provide you with a link to my press release for my open letter to you:

Chairman Ben S. Bernanke, Quantitative Easing Can't Work!


I am, Mr Chairman, Yours Sincerely,

Shalom P. Hamou AKA 'MC Shalom'
Chief Economist - Master Conductor
1 7 7 6 - Annuit Cœptis
Tel: +972 54 441-7640

Sethwell said...

Hey Matty, looks like you got your first crackpot.