I’m wondering if anyone can help me out with this question. I think it deserves to be examined using those enlightenment values of reason and evidence. I don’t really have the expertise to do it justice on my own, so I need a few more informed rational people to think about it.

Do you think the UST bond market is going to collapse soon, making it impossible for the US Gov. to service its existing debt and borrow new money to bail out elites? I think maybe. I’m keeping tabs and looking for an ungodly spike in the yield for 2-yrs and shorter. I think that’s probably the point of no return.

Economic Apocalypse Department of When Foil is not Foily The Big One U.S. Treasury Bonds
Sat, 02/07/2009 – 1:03am — geneo
I’m wondering if anyone can help me out with this question. I think it deserves to be examined using those enlightenment values of reason and evidence. I don’t really have the expertise to do it justice on my own, so I need a few more informed rational people to think about it.

Do you think the UST bond market is going to collapse soon, making it impossible for the US Gov. to service its existing debt and borrow new money to bail out elites? I think maybe. I’m keeping tabs and looking for an ungodly spike in the yield for 2-yrs and shorter. I think that’s probably the point of no return.

I think it’s a question worth asking. I’m not an economist, but I’ve been paying close attention to the economic maneuvering since about mid-summer. I think this is an issue that needs some attention, but I’m not even sure that the 2-year is the right point on the yield curve to be watching. My understanding of the bond market is limited to basic principles. I’m not sure just how foily this question is, but I asked Monkeyfister what he thought. He spent some serious time on it, barely scratched the surface, and indicated that he thinks a conversation about this is in order.

I have a few details from recent news in my head that might be important, but I think I need links before I throw them out. I’ll look them up and post them if I have any takers.

Things to Watch: Reauthorization of the USA Patriot Act in 2009

Department of When Foil is not Foily

Thu, 11/20/2008 – 3:49am — Damon

I’d brought this up in another thread, but thought it deserving of its own post.

Two sections of The USA Patriot Act of 2001, which is an acronym for the “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001″, are up for reauthorization on December 31, 2009. Now, this may seem far off, but those that care about this should get cracking on it early if we’ve learned nothing else. We need to voice our opinion on this reauthorization early and often. Perhaps, it would be a good tactic to start the emails and calls exactly a year out on the 31st of next month.

The two sections of the act that are up for reauthorization are:

Section 206: which consists of the “roving wiretap” provision to the act.

and…

Section 215: which is the part of the act requiring businesses to producing “any tangible things” when the FBI requests them.

I thought this may be of interest to you all, as it will be a major test of the incoming administration and Congress. Keep your heads up.

Beware, Congresscritters and the new Administration: We’re watching you, too.