Tag Archive: Treasury


Bond Market … Sell , Sell , Sell

Filed under: Business, Choice, Debt, Economy, Monetary Policy, Preparedness, Regulation, Spending — Leave a comment
May 30, 2013

 

What The Bond Market Sell-Off Looks Like On A 222-Year Chart

 

global financial data bond yields versus stocks

” The big story in markets over the past few weeks has been the sell-off in the Treasury bond market and the accompanying rise in bond yields to their highest levels in over a year.

Goldman strategists are out with a call declaring the sell-off “for real” this time after a number of false starts.” 

—

Related articles
About these ads
Tags: , , , , , , , ,
Comment

Government Workers Owe Government $3.5 Billion

Filed under: Arrogance, Corruption, Debt, Monetary Policy, Tax Reform Now, Taxation — 1 Comment
March 9, 2013

Federal Workers Owe $3.5B In Back Taxes

 

 

 

 

” The number of federal workers and retirees who owed delinquent income taxes jumped by nearly 12 percent in 2011, the Internal Revenue Service said Friday.

Nearly 312,000 federal workers and retirees owed more than $3.5 billion in back taxes as of Sept. 30, 2011, the agency said. The year before, about 279,000 workers and retirees owed $3.4 billion.

Overall, the 9.8 million workers included in the data had a delinquency rate of 3.2 percent. That’s better than the general public. The IRS says the delinquency rate for the general public was 8.2 percent.

The Department of Housing and Urban Development had the highest delinquency rate, at 4.4 percent. The Treasury Department, which includes the IRS, had the lowest, at 1.1 percent.”

Related articles

 

 

 

–

Tags: , , , , , ,
Comment

Who Does The Fed Serve ? Why Banks And Government , Who Else ?

Filed under: Arrogance, Corruption, Crime, Cronyism, Debt, Economy, Fraud, Hope and Change, Law, Politics, Regulation, Shame, Spending, Taxation — Leave a comment
March 7, 2013

Who Benefits From The Fed?

 

Fed Assets 1915-2012

 

 

 

” In this article I want to point out who has benefited from the Fed’s operations over the past year.

There has been a lot of discussion about the large increase in reserves, and especially excess reserves, held by the banking system. Mostly this discussion is couched in terms of the increase in the money supply. While the increase in excess reserves—less than $2bn in August 2008 to almost $1.5 trillion at the end of 2012—does represent an increase in the money supply, some rule changes accompanying the crisis also signify that they are part of a bailout. One aspect of the Fed’s crisis response was to commence paying interest on required and excess reserve balances. (The required reserve is the amount of money banks must hold to meet the minimum reserve requirement on deposits, and excess reserves are any amount held in excess of this minimum.)

 

As we review the Fed’s operations in 2012 we see the usual outcomes. The banking sector has benefited from its operations (unusually so, thanks to the continued interest on reserve policy) and the government has received a free lunch by having a ready buyer for its ever-increasing debt, especially long-term debt, which might otherwise be susceptible to inflationary pressures increasing its interest yield. Let’s see what surprises the Fed has in store for us in 2013.”

Tags: , , , , , , , , , ,
Comment

Not Union ? Screw You !

Filed under: Arrogance, Corruption, Economy, Hope and Change, Hypocrisy, Monetary Policy, New Media, Politics, Scams, Shame — Leave a comment
August 9, 2012

” Jarrett ignores questions on terminated non-union Delphi pensions “

” Emails The DC obtained and first published on Tuesday show senior White House and Treasury officials were behind the termination of
pensions for 20,000 non-union Delphi salaried retirees.

  Those emails show that the Treasury.Department, led by Secretary Timothy Geithner,
was the driving force behind terminating those pensions — a move made in 2009 while the
Obama administration implemented its auto bailout plan. The emails contradict sworn
testimony in which several Obama
administration figures have consistently said that the decision to terminate the pensions came
from the Pension Benefit Guaranty Corporation (PBGC). The PBGC is a federal agency that handles private sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.”

Tags: , , , , , , , ,
Comment

Aiding and Abetting Fraud -Obama Re-election Strategy #3

Filed under: Arrogance, Civil Discord, Civil Liberties, Corruption, Election, Election Fraud, Hope and Change, Hypocrisy, Law, Media Double Standards, Nanny State, New Media, Politics, Regulation, Scams, Shame, Statism, Tax Reform Now — Leave a comment
August 9, 2012

“IRS staff were instructed to overlook fraud in applications for taxpayer IDs“

  ” Internal Revenue Service supervisors “urged” their subordinates to ignore cases of fraud in applications for Individual Taxpayer Identification Numbers, which allow foreign nationals to get tax refunds, the Treasury Inspector General for Tax Administration
reported today.”

Tags: , , , , , , , , ,
Comment

More Taxpayer Funded Campaigning

Filed under: Arrogance, Corruption, Election, Election Fraud, Hope and Change, Hypocrisy, Idiocy, Law, Media Double Standards, New Media, Politics, Regulation — Leave a comment
July 24, 2012

  Mr TurboTax once again demonstrates his comprehensive grasp of the legal and financial responsibilities expected of him as a government official .

   That would seem to be the #1 prerequisite in joining this clown show aka the Obama Administration .

” Republican Sens. Orrin Hatch of Utah and JerryMoran of Kansas on Tuesday pushed Treasury Secretary Timothy Geithner to account for his
department’s use of what may be illegal taxpayer-funded social media campaigns aimed at legislation pending before Congress.

   In a letter to Geithner, the two GOP senators note how “over the past few years” Geithner’s
Department of Treasury has “expanded significantly” its use of YouTube, Twitter, Flickr, Facebook and the department’s own “Treasury Notes” blog. Moran and Hatch say this increased social media presence comes “at some cost to the taxpayers.” “

Tags: , , , , , , , , , ,
Comment

Is She or Isn’t She ?

Filed under: Arrogance, Civil Discord, Election, Healthcare, Hope and Change, Media Double Standards, Nanny State, New Media, Politics, Scams, Statism, Supreme Court, Tax Reform Now, Teaparty — Leave a comment
July 9, 2012

Ira Stoll on ” the largest tax hike in the history of the world ” … Is it or not ?

  ” So if there isn’t much behind the claim that ObamaCare isn’t the largest tax increase in history, what about the claim that it is? On page 19 of the 36-page PDF of the CBO’s analysis of the ObamaCare law from when it was passed is a line that says “total revenues” from 2010 to 2019 and lists the number 525, which is the way people in government write $525,000,000,000 when they are trying to pass a $525,000,000,000 tax increase. In current dollars, that makes it even on the first-four-year-basis of the Obama Treasury department the largest tax increase of the 27 pieces of legislation since 1968 that were analyzed in the paper. In 1945, at the peak of World War II, the entire federal budget was only about $92.7 billion.”

Tags: , , , , , , , , , ,
Comment
Follow

Get every new post delivered to your Inbox.

Join 2,754 other followers