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Further to my earlier blog regarding the backwardisation of gold for (technically) the for first time in history (first link), the 3 month US Treasury Bill turned negative for the first time too. When a Treasury bill paying 0% is overvalued at issue what does this tell you about the true scale of this depression? Well it was four times oversubscribed so in my humble opinion a lot.These issues are not in the meainstream, ordinary people don’t quite get this technical stuff so it does make good news, this however is NEWS is has never happened before! We the people have been failed at the highest level will someone please let them know whats coming. http://georgewashington2.blogspot.com/2008/12/did-december-2nd-mark-beginning-of-end.html http://www.bloomberg.com/apps/news?pid=20601087&sid=at.e0xwtyWrk&refer=home |