Just another fancy way to create more debt and inflate. If they can borrow from the FED against those 100 year bonds, it makes the FED even more powerful and will inflate world wide.
Amen. It is restructuring your debt and adding 50-100 years more onto the end of the road of can kicking. In other words, take worthless collateral (current treasuries) that are ready to default and convert (forcibly?) them into collateral that can be re-leveraged. Discount the 100 year bonds appropriately to yield maybe a fraction of a percent IRR and then inflate it all away. And you have all the time in the world to do it now. The ultimate can kick!
Admittedly, these people are fiendishly clever, in an evil sort of way.
Not that clever. What is the one thing you would need to have for buy in?
Goodfaith in the USD?
What kind of credibility can the US have when we seize assets, directly or through proxy from countries that do things we don't like? Once you have done this once, you show you are willing to do this every time, and running a global reserve currency requires that economically you are objectively impartial. Biden really screwed us all.
There is goodwill in any negotations or dealings between sovereign powers. When there is no negotiation and instead its only a coercive ultimatum, there are knock-on effects.
The consequences of such behaviors undermine everything else you may do as a sovereign power thereafter.
It is a vicious cycle, but it happens to all empires. Those seeking empire and hegemony over time, inevitably corrupt and undermine the strength and integrity of the whole leading to weakness and often annihilation. This happened in the Bronze Age collapse, and again later with the Roman Empire.
Once those who have been exploited can see how unstable and weak you've become as an empire, they all come out of the woodwork, rising up and cooperating towards your downfall. The perceived weakness and inability to correct issues then exposes weakness abroad, from both within and without.
The basic story of empire is repeated throughout the ages, and quite a lot in fiction as well (Foundation).
Rome fell as a result of that cycle. What specifically led to the fall of the Roman Empire?
Growing economic inequality stemming from an over-reliance on slave labor, land reform issues, over-expansion and overspending, political instability and civil war, and declining tax revenue.
For example, the villa system was adopted as a tax loophole where serfs worked for free and whole towns became one group where trade between them was untaxed as a private matter. Groups of people under a single powerful entity to avoid taxes, sound like a corporation/dark pool?
There were also invasions and instability (i.e. border crisis and related crime?), and private armies that acted outside a rule of law with impunity (Military Industrial Complex).
The logic that follows from history is when you do this, you win so much that you lose everything. This can hardly be called clever.
Feelings about these things matter little. Objective outcomes matter a lot. Socio-economic collapse, with a malthusian reversion (following Catton), would be really bad.
Ponzi scheme! Economic slavery highly profitable. Jeffrey Sachs statement: be an enemy of the US is dangerous. Be a friend is FATAL! Catherine Austin Fitts and Judy Shelton have alternative approaches.
Donny. I have no problem. All I am doing with this article is outlining what the Mar-a-Lago Accord is. Do people not have the right to know? Moreover, I am asking people to make up their own minds? Come on man.
Not actually correct. Starting with Obama running through 10+ years of Quantitative Easing, and other programs, added more debt than anyone else. It just kept going, and the deficit has ballooned since then.
What nation woul be stupid enough to swap their existing 30 yr bonds for 100 years. It is pointless to ask if US citizens are in for or against; its a failure on its face. You think nations will be lining up to TAKE ADVANTAGE of such a swindle. Laughable....
Regardless of whether we think it’s a good investment or bad, if foreigners go for it, it would buy more time for the US, and it would enable the US to invest in projects other than interest costs. What govt besides Trump and Argentina has attempted to cut such enormous levels of govt spending, clean up corruption and expose the deep state ? What govt has the guts to expose big pharma like RFK is attempting ? Or exposing the climate change narrative ? Of course the deep state and mainstream news media hates Trump.
They will use the money they borrow against the 100 year bond to pump asset prices. More speculation, no productivity. More devaluation of fiat. They are just deferring liabilities, Keep pumping 0dte call options at the close with new cash from Jerry!!!!!!!!!!!!!!!!!!!!
Just another move to push back the consequences of a debt-based system, keep the markets artificially inflated, keep everything going. No, it is not a true long term solution, but it is a short term fix. With a global problem this encompassing, though, I don't see any easy answers.
In God we trust - He's the only one big enough to help us through this.....and we sure need His help!
I think James Abram Garfield (November 19, 1831 – September 19, 1881) who was the 20th president of the United States, serving from March 1881 until his death in September that year by assassination sums it up best.
“Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
He also said, “A brave man is a man who dares to look the Devil in the face and tell him he is a Devil”, and “The truth will set you free, but first it will make you miserable”.
I think he was over the target and paid the ultimate price..
Looks like another attempt to kick the can down the road once again.
They are doing their best to keep the scam going. The debt will be our undoing. Even with a change to digital money, the debt is still there.
Agreed!
Down the road? That's kicking the can to Mars!
A very braindead attempt!
That’s a good IQ test. Anyone who buys a 100 year treasury should probably be treated as a mental defective
Just another fancy way to create more debt and inflate. If they can borrow from the FED against those 100 year bonds, it makes the FED even more powerful and will inflate world wide.
I should have added that to the article. Yes you are correct,
Amen. It is restructuring your debt and adding 50-100 years more onto the end of the road of can kicking. In other words, take worthless collateral (current treasuries) that are ready to default and convert (forcibly?) them into collateral that can be re-leveraged. Discount the 100 year bonds appropriately to yield maybe a fraction of a percent IRR and then inflate it all away. And you have all the time in the world to do it now. The ultimate can kick!
Admittedly, these people are fiendishly clever, in an evil sort of way.
Not that clever. What is the one thing you would need to have for buy in?
Goodfaith in the USD?
What kind of credibility can the US have when we seize assets, directly or through proxy from countries that do things we don't like? Once you have done this once, you show you are willing to do this every time, and running a global reserve currency requires that economically you are objectively impartial. Biden really screwed us all.
Note I said fiendishly clever….
All you mention is true. But if you hold something that is not worth anything and non-marketable (us treasuries), what options do you have?
Just two that I can come up with:
1. Realize the loss on your books
Or,
2. Take the forced conversion and pretend that what you are holding has value for another 100 years.
It is the ultimate can kick.
I hate all this just as much as you, but this is the logic behind it imho.
Take this one step further than you have.
There is goodwill in any negotations or dealings between sovereign powers. When there is no negotiation and instead its only a coercive ultimatum, there are knock-on effects.
The consequences of such behaviors undermine everything else you may do as a sovereign power thereafter.
It is a vicious cycle, but it happens to all empires. Those seeking empire and hegemony over time, inevitably corrupt and undermine the strength and integrity of the whole leading to weakness and often annihilation. This happened in the Bronze Age collapse, and again later with the Roman Empire.
Once those who have been exploited can see how unstable and weak you've become as an empire, they all come out of the woodwork, rising up and cooperating towards your downfall. The perceived weakness and inability to correct issues then exposes weakness abroad, from both within and without.
The basic story of empire is repeated throughout the ages, and quite a lot in fiction as well (Foundation).
Rome fell as a result of that cycle. What specifically led to the fall of the Roman Empire?
Growing economic inequality stemming from an over-reliance on slave labor, land reform issues, over-expansion and overspending, political instability and civil war, and declining tax revenue.
For example, the villa system was adopted as a tax loophole where serfs worked for free and whole towns became one group where trade between them was untaxed as a private matter. Groups of people under a single powerful entity to avoid taxes, sound like a corporation/dark pool?
There were also invasions and instability (i.e. border crisis and related crime?), and private armies that acted outside a rule of law with impunity (Military Industrial Complex).
The logic that follows from history is when you do this, you win so much that you lose everything. This can hardly be called clever.
Feelings about these things matter little. Objective outcomes matter a lot. Socio-economic collapse, with a malthusian reversion (following Catton), would be really bad.
Done this once? America has been doing this for decades, Biden was hardly the first.
Ponzi scheme under yet another fancy inflation liable risk 😱
Ponzi scheme! Economic slavery highly profitable. Jeffrey Sachs statement: be an enemy of the US is dangerous. Be a friend is FATAL! Catherine Austin Fitts and Judy Shelton have alternative approaches.
GREG WHATS YOUR PROBLEM !!!!!!!!!! YOU EXPECT TRUMP TO FIX EVERYTHING OVERNIGHT !!! WAKE UP !!!
ROME WAS NOT BUILT IN A DAY !!!
DO YOU THINK YOU CAN DO BETTER ??
HE INHERITED A SHIT LOAD ECONOMY, CURRENCY CRISIS FROM CROOKED CRIMINAL DEMOCRATS THAT ROBBED THE AMERIC AN PEOPLE BLIND.
YOU HAVE ALL THESE ISSUES - A WAR, BAD, ECONOMY, ILLEGALS, CROOKED COPS, CROOKED FBI, CROOKED JUDGES AND A CROOKED MEDIA, CHEMTRAILS, DEI & MORE -
GIVE THE MAN 3 -4 MONTHS AND THEN SEE WHAT WAS ACCOMPLISHED !!!!!!!
Donny. I have no problem. All I am doing with this article is outlining what the Mar-a-Lago Accord is. Do people not have the right to know? Moreover, I am asking people to make up their own minds? Come on man.
There is a mathematical equation for time and money ... WE ARE OUT OF TIME
And that’s exactly what Trump is attempting to do - buy more time. Give him credit for trying to come up with creative solutions
Donny doesn’t get it….
Trump added more debt than anyone other than Biden
Not actually correct. Starting with Obama running through 10+ years of Quantitative Easing, and other programs, added more debt than anyone else. It just kept going, and the deficit has ballooned since then.
That’s over two terms. Let’s add up the debt from Trumps second and first terms and compare. I guarantee it will be greater than Obama
You should read up on just how much they actually printed off the debt ledger. There is a reason we no longer live under a fractional reserve system.
True!!!
Exactly !!!
Don't hack the chemtrail dust.
What is your take on the article?
What nation woul be stupid enough to swap their existing 30 yr bonds for 100 years. It is pointless to ask if US citizens are in for or against; its a failure on its face. You think nations will be lining up to TAKE ADVANTAGE of such a swindle. Laughable....
Regardless of whether we think it’s a good investment or bad, if foreigners go for it, it would buy more time for the US, and it would enable the US to invest in projects other than interest costs. What govt besides Trump and Argentina has attempted to cut such enormous levels of govt spending, clean up corruption and expose the deep state ? What govt has the guts to expose big pharma like RFK is attempting ? Or exposing the climate change narrative ? Of course the deep state and mainstream news media hates Trump.
The way I see this being sold is. Buy the 100yr bond and you will have something when they mature. Don't buy the bonds and you get nothing!
What would you do?
100% agree. This is a forced conversion due to impending default. It forces foreign creditors to remain in the system.
Are there enough stupid people to buy these 100-year bonds? Probably if forced by a gun barrel.
Why are you so emotional? Using put-downs?
Thanks for reading my comment. Take care.
I don't believe anyone any more.
America has become a big steaming pile of bullsh!t.
Amerikan greed destroys American lives.
FAKE PAPER BS!!!! That is the WHOLE SYSTEM!!!!
They will use the money they borrow against the 100 year bond to pump asset prices. More speculation, no productivity. More devaluation of fiat. They are just deferring liabilities, Keep pumping 0dte call options at the close with new cash from Jerry!!!!!!!!!!!!!!!!!!!!
This is interesting. You have to give it to Trump for atleast brainstorming ideas. However, the federal reserve once again is in control.
Just another move to push back the consequences of a debt-based system, keep the markets artificially inflated, keep everything going. No, it is not a true long term solution, but it is a short term fix. With a global problem this encompassing, though, I don't see any easy answers.
In God we trust - He's the only one big enough to help us through this.....and we sure need His help!
I think James Abram Garfield (November 19, 1831 – September 19, 1881) who was the 20th president of the United States, serving from March 1881 until his death in September that year by assassination sums it up best.
“Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
He also said, “A brave man is a man who dares to look the Devil in the face and tell him he is a Devil”, and “The truth will set you free, but first it will make you miserable”.
I think he was over the target and paid the ultimate price..