It appears that the propaganda-machine has decided that trying to debate my theories on the U.S. Treasuries Ponzi-scheme directly isn’t working out too well, so they would go back to the indirect approach: dispensing truck-loads of manure about how strong-and-stable this Ponzi-scheme supposedly is.
Note that despite the fact that the U.S. is the world’s largest Deadbeat Debtor, and despite the fact that it’s debt-to-GDP ratio is already above the 100% crisis-level, the propaganda-machine isn’t even attempting to provide reasons as to how this Ponzi-scheme can continue to be propped-up (and avoid total implosion).
All there is inside this propaganda is one naked assertion that the Treasuries market Ponzi-scheme can survive many more years, plus a very watered-down version of the U.S. debt crisis. The propaganda machine is no longer even attempting to provide “reasons” as to how/why this giant fraud can continue to survive because they know that will simply provide me with new targets at which to take pot shots.
So the plan is to simply say again and again and again and again “The Treasuries market is strong, the Treasuries market is strong.” It is at this point where I trot out my favorite Shakespeare quote:
“The lady doth protest too much, methinks.”
Treasuries Market Doomsday Is Four Years Away For Vanguard
Vanguard Group Inc., whose $148.2 billion of Treasuries makes it the largest private owner of U.S. debt, says the nation has until 2016 to contain its borrowing before bond investors revolt and drive up interest rates…