This is an UPDATE to my post below about the T-Bill Auction 7 year sale not passing the Smell Test to Me.
Looks like I may have been correct. A new article is out today in the Wall Street Journal about the t-bill/bond U.S. debt auction this last week.
http://www.gata.org/node/7644 - Please read this article - It is an article today, from the Wall Street Journal - about this last week's T-bill/bond/U.S. debt Fed. auction.
Seems that the T-bill auctions 2 and 5 year were a FAILURE on Tues and Weds - but miraculously the 7 year auction on Thursday was WONDERFUL.
I thought B.S.!!! If people didn't buy the shorter term auctions/U.S. debt - why in the world would they buy the 7 year?
I figured the U.S. govt. funneled money through other sources and purchased their own debt, so the U.S. still looks like everything is still going strong, and people still have confidence in the U.S. dollar! Looks Like I may have been correct - even the Wall Street Journal is questioning WHO the buyers were for the 7 year bond. They also say the govt. does not have to release that info.
It says China - MISSED the auctions!!!
What does that tell you?
China has been purchasing our debt - no matter what!! But now they are not!?
People have known, when China Stops purchasing the U.S. debt - it will be game over pretty soon afterwards, though covering up the facts will continue for a little while - by the govt., until it can't be covered up anymore.
I can tell you it means, the U.S. is printing money like mad to purchase it's own debt, and other countries have dropped us and do not have confidence in the U.S. or the dollar, NOW!!
This has been the moment that many people have been preparing for. Please do not be fooled by the run up in the market - in fact expect more - BUT look at all the financial advisors, CEO's and all those others in the know - behind the scenes they have been getting RID of their stocks - quietly but surely!
link to article about MASSIVE Insider Sell Offs
http://finance.yahoo.com/tech-ticker/article/266040/%22Massive-Insider-Selling%22-Pure-Supply-and-Demand-Makes-a-Bears'-Case?tickers=%5EDJI,%5EGSPC,AMZN,BBBY,DHR,GILD,YUM
Please think about it, if insiders are selling - doesn't that tell you something? Doesn't that mean that the MSM has been saying the "Recession is Over" - what they are not telling you - Yes that part might be over - but the next part is the Depression. Look carefully at Everything - you have in the market, can you afford to lose it all, possibly? Many analyst are saying yes - a little more run up is going to happen - BUT by the end of August - their expectations is a HUGE downturn in the market.
Look at what companies you have in stocks, what is their leverage - against their price? Don't be fooled by what an investment banker tells you - RESEARCH YOURSELF!!
Honestly - this is important - it looks like we are now reaching that turning point, many - including me has been expecting - when NO ONE else buys our debt anymore. The U.S. has TOO much of it - that can NOT be paid back! The only way to pay it back is through Hyperinflation - which is going to happen anyway - due to the unbelievable amount of new dollars printed - in the Trillions since last Sept.
Something I have said, over and over - right now the preservation of your wealth/money is going to be in commodities - and guess which one will do the most for you? Yep - metals! Also do NOT buy into the EFTs - they are falling, some info is coming out that the "paper" gold purchase - doesn't have the physical to back it up. So, that means you may think you are buying gold through the paper market - but it is oversold- and doesn't have the actual gold to back it up. OH - Silver is the Best in my opinion, anyway.
Also - yes - still all that manipulation going on - in the metals area.
Oh, when the MSM - broadcast "how well the T-bill auction went" - you will know better now! Look and question everything - they are saying - does it make sense - is everything really rosy?
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