Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners.

If The Fed is dealing through one "special trader" at State Street, then all such transparency of action and intent is GONE.

t is quite obvious that somehow, some way, every way, every day, money is being transferred from the United States to various divisions of our Primary Dealer’s holding companies to insure that the appearance of foreign demand holds at our auctions to insure “confidence” is the word of the day. If you wish to believe the actions at today’s auctions are a result of some sort of miraculous macroeconomic shift that happened in a twenty four hour period, you should hop on a tea cup and ask Minnie Mouse for a spin. I’m sorry, there’s not 100% proof nor will there be for decades to provide absolutely conclusive proof of what I say but the charts do not lie and fact that our financial regulators and institutions lie, cheat and steal on a regular basis should provide enough skepticism to dismiss any actions in our upper echelon of the Fed, Treasury or remainder of the government that you could not possibly take the actions of these markets seriously until it is obvious they are NOT interfering. Which apparently now is rarely, especially since they have to focus on how to train a telecom guy in the auto business.

But there’s NO WAY those trading desks would ever buy stocks, bonds or derivatives to move the markets, I mean that (Snicker, giggle, roar). Funny thing is, now that they Federal Reserve and Treasury have their hooks into these corporations and numerous other banks, they suddenly have a gazillion offices and subsidiaries in the Caribbean. Another funny thing is that with the latest TIC report through March of 2009, these nations in the Caribbean suddenly have more Treasury holdings than the combined GDP of oh, all of them combined is you don’t count hedge fund and banking holdings. That’s sort of weird isn’t it? I wonder if those guys I saw with the machetes in the islands know they hold so much sway over our Treasury holdings. Heck, if they keep working at it, they’ll pass up Japan and China someday soon, unless of course old Ben Bernanke & Co. run out of quarters for the laundromat.