Posted by
MAXINE on Monday, June 01, 2009 11:37:21 AM
"The
Vigilante", a masked government agent, is assigned to investigate the
case of the "100 Tears of Blood", a cursed string of rare blood red
pearls sought by a gang led by the unknown "X-1" that may have been
smuggled into the country. Image Credit: Columbia Pictures
Bond Vigilantes In The Age Of Obamanomics
In a free and open market society, many forces come forward to protect against bad decision making and the folly of idealism.
Bond
Vigilantes are an economic force that are beginning to rise up and
bring economic reality to the Obama Administration's Government
expansion through spending policies and the printing of money.
If
the public feels powerless to reel-in this one-party Big Government
push to socialism ... free market Bond Vigilante forces just may step
in and allow this process to take a breath here in Carter' Second Term.
"The Vigilante - Fighting Hero Of The West" Image Credit: Columbia Pictures
This excerpted and edited from LaissezFaireLounge.com -
A Giant Economic Boycott
Pia Varma, LaissezFaireLounge.com - Friday, May 29, 2009
In
these turbulent times when the government is going on an unprecedented
spending spree, raising money and increasing its involvement in the
economy, many of us have been wondering...who is going to save the day?
Enter bond vigilantes. The bond vigilantes are a group of international
investors who demanded higher Treasury bond yields from the late 1970’s
through the 1990’s whenever there were fears about inflation and
hyperinflation. During the credit expansion, the bond vigilantes
disappeared but now that the government has been printing, spending and
borrowing money like crazy and flooding the economy with dollars to
beat the recession, the vigilantes are back with a vengeance.
What
essentially happens is the bond vigilantes will short or sell US
Treasury Bonds, which will cause the US government to pay higher rates
to borrow money, forcing it to rein in spending. This is what happened
when Clinton first got into office with idealistic government plans and
huge spending initiatives. The bond vigilantes staged an economic
boycott or protest against these initiatives by shorting Treasuries.
But
who are these bond vigilantes? They seem like a group of pirates
scouring the coast looking for trouble. Or a band of cowboys keeping a
watchful eye on the world. In reality, they are just a bunch of savvy
investors who understand that unbridled spending leads to massive
borrowing, which causes interest rates to increase.
Reference Here>>