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I'm going to work on this article. Before doing so I need to get some things, some words, accurately understood.
First on the list is Treasury Bonds.
Google sent me to Wikipedia for this:
http://en.wikipedia.org/wiki/Treasury_security
The explanation of Treasury Bonds above is complicated. The simple definition is to say that Treasury Bonds are products offered for sale by the people who control the United States Money Corporation.
See how much easier it is to understand when speaking in plain English?
Still confused (like me)?
A Treasury Bond is something you or I cannot produce. You or I can’t sell something we cannot produce. If we buy a Treasury Bond from the people who produce the Treasury Bond, then we have a Treasury Bond and then we can sell it.
Doesn’t that make more sense?
Wouldn’t you want that power? Wouldn’t you want the power to produce a Treasury Bond, so you could sell it without having to buy it first?
Why am I the only one (the only one I know) who thinks the things through?
There was once a day when no one produced any U.S. Treasury Bonds. Then one day someone decided to produce U.S. Treasury Bonds, and now look at this:
Holder-------Total
China--------767.9 Billion
Japan--------686.7 Billion
Caribbean--213.6 Billion
OPEC--------192.0 Billion
Total--------- 1.8602 Trillion
Someone owes someone 2 Trillion dollars now.
See how that works?
Let me put that in perspective, again. You or I do not have the power to produce and then sell U.S. Treasury Bonds; if we did we would have sold 2 Trillion dollars worth of them, instead of the guys who did sell them.
What would you do with your half of that profit on that sale? You get 1 Trillion. I get 1 Trillion, because we have the power to produce U.S. Treasury Bonds.
Do you think I am on crack?
The producers of U.S Treasury Bonds sell the bonds at a lower price than what the Bond will pay at a later date, and that is why people buy them.
That is like you and I writing a personal check. You write 1,000,000,000.00 One Trillion Dollars. I do the same thing; I sell my same personal check. You sell yours to China for 500 billion because China thinks it can get 1 Trillion dollars later for a cost of 500 billion now.
I do the same thing. I sell mine to OPEC and Japan.
Got that?
We both write personal checks. We both sell those checks for 500 Billion dollars, and here is where you can say that I am on crack because I said that 2 Trillion dollars was profit; not 500 Billion dollars.
Just add zeros dude, if you want more, add zeros.
What do we do with the money we get from China and OPEC? How about buying a house in the Bahamas? How about buying the Bahamas?
Do you think that I am missing something important here?
I wrote a personal check for 1 Trillion Dollars, I sold it to OPEC and Japan, you did the same thing; only you sold your personal check to China. We sold these personal checks at half price; we each have 500 billion dollars to spend on whatever we want. What did I miss?
Who pays the Chinese, Opec, and Japan when they return the personal check to the bank for their 1 Trillion Dollars each – 2 Trillion Dollars total?
We don’t have to, and that is the point. You and I can retire in the Bahamas, we have 500 Billion Dollars each.
Why, if we had 2 Trillion Dollars, if you think I’m on crack, would we sell 2 Trillion Dollars for 1 Trillion Dollars?
Why do it? Why not keep the 2 Trillion Dollars ourselves, why involve China, Japan, OPEC, or anyone else? Why sell someone something worth 2 Trillion Dollars for less that 2 Trillion Dollars?
That is a Treasury Bond.
Someone somewhere wrote a personal check for 2 Trillion Dollars and sold that personal check to someone else. If the buyer comes back to cash in the check can the producer of the personal check write another check as payment (just add zeros)?
If you think I am confused on this part of the fraud (legal crime), then tell me exactly where I am wrong, on this part (Treasury Bonds) and not on any excuse or apology for the fraud – such as “bringing democracy to Iraq” or “Funding the War on Terror”.
If the number goes up, someone is spending more than they are producing, just like any average Joe working man, or average Jane working woman, who buys too much and doesn’t earn enough income.
Who pays the bills? The average working Joe’s and Jane’s pay the bills. If you work hard enough to buy a house, the house is paid for by your work. If you need the house before working hard enough to earn enough income, then you sell Treasury Bonds to get the money to buy the house, it is the same thing.
Why are the legal criminals dictating to us how much credit we deserve?
Please answer that question, and if you can I will return here and finish translating the article above. So far one term has been translated. You can now know what really is a Treasury Bond.
Last edited on Thu Jun 4th, 2009 08:40 pm by Joe Kelley