Posts Tagged ‘ treasury department ’

Bloomberg: Treasury Dept. credit rating lower than the banks it bailed out

April 2, 2010
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Bloomberg: Treasury Dept. credit rating lower than the banks it bailed out

This is an amazing interview on Bloomberg radio about the true credit rating of the US Treasury Department and the illusory nature of the dollar. He also ominously points out that according to the Coinage Act of the United States, the penalty for debasing the US currency is death.

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Ixne on the ansparencytre

June 30, 2009
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Obama used the power of Presidential signing statements to strike from the recent war funding bill the part requiring the Treasury Department to report on the activities of the IMF and World Bank. From The Hill: President Obama signed the $106 billion war-spending bill into law Friday, but not without taking a page from...

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Treasury auctions another record-breaking amount of debt

June 18, 2009
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From CNBC: The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world’s largest economy. The sales will exceed the previous record of $101 billion set in auctions that took place in the last week of April and...

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It’s a good thing we’re not just printing money …

April 20, 2009
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Take into account that this video was produced in December 2008. httpv://www.youtube.com/watch?v=OV3k03FXwLk At 3:07, here’s the best part: “Before shifting from theory to evidence, we should quickly note that government could finance stimulus by printing money rather than borrowing. Thankfully, that option doesn’t seem to be on the table, since nearly all politicians now...

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