The Fed just announced another slew of new borrowing.

goingbroke · August 21, 2009 9:33AM

$197 billion of auctions next week!

I have to shake my head and wonder how much longer they can get away with this before it begins causing a major disruption. People should already be running for cover.

I’ve summarized the auctions for next week in the table below:

Date
Billions

90 day
24-Aug
$ 31

6 mo
24-Aug
$ 30

1 yr
25-Aug
$ 27

2 yr
25-Aug
$ 42

5 yr
26-Aug
$ 39

7 yr
27-Aug
$ 28

Total

$ 197

The details are available at the Treasury Direct web site:

gecko109 · August 21, 2009 9:36AM

Yes, but where are your photos of your 2 and 3 oz gold bars?

goingbroke · August 21, 2009 9:48AM

<< Yes, but where are your photos of your 2 and 3 oz gold bars? >>

I haven't taken any yet. I will when I once again get to the bank box! although I dont understand why its so important to you?. I do have this photo I took a while back with some of my gold bars, coins,and Platinum eagles and silver I do go to work each day and dont have time to pop over to the bank on a whim but I will take more photos JUST FOR YOU! I guess there is a little more then 9 ounces of gold in this photo as well as 1 and 1 half ounces of Platinum . I have 2000 silver eagles but I will need a step ladder to get the whole photo in frame . I know its not much to most folks here in the forum but I am a poor man so I just have to do what I can.

rgCoinGuy · August 21, 2009 9:59AM

We are all coin/PM porn junkies here, that's all.

1jester · August 21, 2009 10:04AM

I'm still waiting for Cars to show us his whole collection!

Wolf359 · August 21, 2009 10:09AM

No ones going to buy trillions of dollars of debt except the FED. Massive inflation combined with staggering interest rates to control it seems
unavoidable.

gecko109 · August 21, 2009 10:51AM

<< 

<< Yes, but where are your photos of your 2 and 3 oz gold bars? >>

I haven't taken any yet. I will when I once again get to the bank box! although I dont understand why its so important to you?. I do have this photo I took a while back with some of my gold bars, coins,and Platinum eagles and silver I do go to work each day and dont have time to pop over to the bank on a whim but I will take more photos JUST FOR YOU! I guess there is a little more then 9 ounces of gold in this photo as well as 1 and 1 half ounces of Platinum . I have 2000 silver eagles but I will need a step ladder to get the whole photo in frame . I know its not much to most folks here in the forum but I am a poor man so I just have to do what I can. >>

Showing me 500 Credit Suisse 1oz gold bars would not impress me at all. 10,000 ASEs wouldnt impress me at all either. Its not that I want to see your complete wad, so much as it is that im extremely interested in unusual gold bars like 2 and 3 oz pieces. So im not "calling you out". Im simply salivating to see all those 2 and 3 ounce gold bars you talked about in your other post.

cars · August 21, 2009 11:00AM

<< 

<< 

<< Yes, but where are your photos of your 2 and 3 oz gold bars? >>

I haven't taken any yet. I will when I once again get to the bank box! although I dont understand why its so important to you?. I do have this photo I took a while back with some of my gold bars, coins,and Platinum eagles and silver I do go to work each day and dont have time to pop over to the bank on a whim but I will take more photos JUST FOR YOU! I guess there is a little more then 9 ounces of gold in this photo as well as 1 and 1 half ounces of Platinum . I have 2000 silver eagles but I will need a step ladder to get the whole photo in frame . I know its not much to most folks here in the forum but I am a poor man so I just have to do what I can. >>

Showing me 500 Credit Suisse 1oz gold bars would not impress me at all. 10,000 ASEs wouldnt impress me at all either. Its not that I want to see your complete wad, so much as it is that im extremely interested in unusual gold bars like 2 and 3 oz pieces. So im not "calling you out". Im simply salivating to see all those 2 and 3 ounce gold bars you talked about in your other post. >>

+1

OnlyGoldIsMoney · August 21, 2009 11:26AM

I must be getting old since I can remember when the Federal deficit for a full year was less than $197 billion.

cars · August 21, 2009 11:40AM

I've just recently started to come to my senses that I too am getting "old". Sneaks right up on you. Seems like yesterday I was 17 with no worries.

goingbroke · August 21, 2009 12:16PM

<< 

<< 

<< Yes, but where are your photos of your 2 and 3 oz gold bars? >>

I haven't taken any yet. I will when I once again get to the bank box! although I dont understand why its so important to you?. I do have this photo I took a while back with some of my gold bars, coins,and Platinum eagles and silver I do go to work each day and dont have time to pop over to the bank on a whim but I will take more photos JUST FOR YOU! I guess there is a little more then 9 ounces of gold in this photo as well as 1 and 1 half ounces of Platinum . I have 2000 silver eagles but I will need a step ladder to get the whole photo in frame . I know its not much to most folks here in the forum but I am a poor man so I just have to do what I can. >>

Showing me 500 Credit Suisse 1oz gold bars would not impress me at all. 10,000 ASEs wouldnt impress me at all either. Its not that I want to see your complete wad, so much as it is that im extremely interested in unusual gold bars like 2 and 3 oz pieces. So im not "calling you out". Im simply salivating to see all those 2 and 3 ounce gold bars you talked about in your other post. >>

Sorry! I didn't take my Ritalin this evening! I tend to get a bit testy when that happens! LOL

Norseman88 · August 22, 2009 4:57AM

<< Yes, but where are your photos of your 2 and 3 oz gold bars? >>

I don't have any odd size Gold bars but I do have Silver bars and rounds of all shapes and sizes from 1 gram to 100 oz. including several 3 oz. bars. I'm not wealthy enough to collect Gold bars of all shapes and sizes.

roadrunner · August 22, 2009 12:37PM

Once August is done, there are still 4 more auctions in Sept and October. Between currency swaps with foreign nations and buying back bonds from primary dealers after the auction, the FED can hide some or all of its monetization.

roadrunner

Bear · September 7, 2009 2:02PM

When the fall starts, I am afraid it will be sudden and supprise

even those who believe that they are prepared.When the Government

says that we are turning the corner, I just can not bring myself to

believe it. People are now raiding their 40lKs in order to survive. Credit

cards and bank accounts are maxed out. Just where is the turn around

supposed to happen?

jmski52 · September 8, 2009 3:59AM

People are now raiding their 40lKs in order to survive.

How do you know this, Bear? Just askin'.

Since housing is no longer functional as a cash machine, how long will they keep trying to pump up the stock market as a cash machine? And how long is it possible with P/E's already way above historic levels.

P/Es can't continue at a high level indefinitely, earnings would have to skyrocket, which they are not doing, incidently.

CaptHenway · September 8, 2009 4:05AM

But what does this thread have to do with the prices of Large Cents?????????????????????????

jmski52 · September 8, 2009 4:10AM

But what does this thread have to do with the prices of Large Cents?????????????????????????

Maybe high-end Large Cent guys are liquidating their 401Ks in order to buy Holmes Collection coins?

What good is retirement without some nice-looking Large Cents, anyhow?

sinin1 · September 8, 2009 4:04PM

I decided to take all of my 2 and 3 oz gold bars and have them entombed in silver

and I'm going to paint them red and use them as bricks in my fireplace

just kidding, don't come looking for my house

The Fed just announced another slew of new borrowing.

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