Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields.The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? We may never know, because the Fed hides what they do not want anyone to know. These results might not seem important but US Treasury instruments are the foundation of the global monetary system.
Category: Japan
America’s 450 launch-ready land-based nuclear-armed ballistic missiles are the opposite of a deterrent to attack. In fact, their very deployment has the potential to launch World War III and precipitate human extinction – as a…
The Western mainstream media continuously beat the war drums for Libya-like treatment of Syria, using body count statistics to attempt to paint the year-old Syrian conflict as a humanitarian disaster crying out for NATO and…
When I first entered the floor and learned about oil pricing, it was clear that the cash market, where real barrels of oil were bought and sold, was where pricing was decided. Later, it became…
So this is how the cookie crumbles. From burning books to butchering babies, it seems everything is fair game as the victors near their tether. Four years after Barack Hussein Obama offered a “new way forward”; the gulf between America and the world’s Muslims is at its widest. The horrific details of the Panjwai massacre, with first person accounts recounting how the brave US soldiers coolly went about killing women and sleeping children, have poured fuel over a land already ablaze. Obama has condemned the massacre but chose to describe it as “an isolated incident.” Is it really now? Why do I feel we have been here before? From bombing wedding parties to striking funeral processions and even cemeteries, there’s been a long trail of such ‘isolated incidents.’ Interestingly, the latest in Yankee shenanigans coincides with a groundbreaking book that seeks to make sense of Uncle Sam’s worldview. Andrew Alexander’s America and the Imperialism of Ignorance is a damning critique of the US foreign policy over the past six decades and offers a cogent analysis of the military-industrial complex mindset that commands and dictates the actions of the most powerful nation on the planet.
“Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money.” –Nineteenth century Nēhilawē (Cree) proverb This video by…
[Editor’s note: This article was originally published in May 2010. It was written by the author to counter, point by point, the US-SK joint governments’ arbitrary position on the notoriously infamous another US-led, -involved, and -coordinated Gulf of Tonkin…
A new documentary from Alex Jones definitively declares war against the attempts to control the population through a fear of false dangers. The facts are in– terrorism as a mass threat is a hoax. It…
After relative calm for the past few months, the dispute between China and the Philippines over the South China Sea has flared up again. Manila’s announcement that it would open new blocks off Palawan for…
The Government Spends Trillions On Unlikely Threats … But Won’t Spend a Billion Dollars to Prevent the Very Real Possibility of Global Nuclear Catastrophe We’re Spending Money Combating the Wrong Dangers Studies show that people…