“This week’s government debt sale ended on a sour note, with investors unfriendly toward a sale of long bonds.
The $13 billion sale of 30-year bonds fetched a high yield of 3.82 percent, 0.042 percentage points above the “when issued” expectations. Bidders put up 2.73 times the amount bid, a measure known as the bid-to-cover ratio.
Foreign demand also was soft, with indirect bidders making up just 36 percent of total buyers.
The auction brought to an end sales of $67 billion in coupon-bearing supply.
Treasurys added to losses following the auction, with the 30-year falling a point and a half in price to yield 3.82 percent, above the Wednesday yield of 3.73 percent. The benchmark 10-year note was off 20/32 for a 2.73 percent yield, against Wednesday’s 2.66 percent.”
“In Title 31 of the US Code, the United States Mint is required by law to supply “in quantities sufficient to meet public demand, one dollar silver bullion coins of specified size, weight, and design.” (Source) This law is widely referenced, and I have criticized the US Mint in the past when it fails to meet consumer demand because of poor planning, despite the availability of silver.”
” Many of us, after years of indoctrination at our government schools, were left with a sense that there is a great government force working hard every day to protect us and look after our best interest. We were told that government standards keep us safe from disease, that government highway regulations keep us safe from car accidents, that federal agencies make sure that the food we eat will be healthy.
The result of all of this? Americans everywhere drive more carelessly, do not research what they put on their plate and take medications that leave them sicker, rather than healthier … “
“In a 6-5 ruling issued this afternoon, the 9th Circuit Court of Appeals handed the Obama administration a major victory in its efforts to shield Bush crimes from judicial review, when the court upheld the Obama DOJ’s argument that Bush’s rendition program, used to send victims to be tortured, are “state secrets” and its legality thus cannot be adjudicated by courts. The Obama DOJ had appealed to the full 9th Circuit from last year’s ruling by a 3-judge panel which rejected the “state secrets” argument and held that it cannot be used as a weapon to shield the Executive Branch from allegations in this case that it broke the law. I’ve written multiple times about this case, brought by torture/rendition victim Binyam Mohamed and several others against the Boeing subsidiary which, at the behest of the Bush administration, rendered them to be tortured. “
“Increased government regulations and meddling is resulting in the destruction of the middle class. If you are part of the favored elite, things are just fine. If you are savvy, you can still do well, but for the person who simply expects to climb step by step via salary to a better life, things are not so good.
Michael Snyder has put together a list of the changes that indicate the middle class is shrinking. Note that much of the shrinkage of the middle class comes in sectors where the government has put in programs to “help”:”