posted on Aug, 11 2009 @ 01:02 PM
Last week or so, the Treasury Department was auctioning off $39 billion or so in 5-year Treasury notes (i.e., government debt) -- and the auction
didn't go so well. Investors were bummed, stocks dropped, etc.
Then, surprise, surprise: the next auction of 7-YEAR notes only a few days later showed great demand... which is kind of weird, because why would
people buy really 7-year debt papers, but not 5-year debt papers?
This guy Chris Martenson -- see his blog below -- has investigated and found the BIG scam: at the 7-year auction, primary dealers bought up all the
notes... and then turned around and sold them to the Fed!!!
The reason, of course: to make everything look just peachy and give the stock market and "dumbass" investors a boost and convince them to buy
stocks... and to deceive foreign investors into thinking that the U.S. economy is sounder than it really is.
This is HUGE! Not that we didn't all know already that the government and Fed are lying thugs, but this is undebatable proof, black on white.
Read Martenson's blog post here: