US Bond Market

[cottonpicken]

http://www.sprott.com/Docs/MarketsataGlance/June_2009.pdf

[Fransisco]

Good Grief!!

"In fiscal 2009, the United States must find buyers for almost three times the debt that was issued last year."

"The Federal Reserve’s ‘solution’ to the debt problem is the problem. It has resulted in the Federal Reserve doubling the monetary base of the United States over the span of a mere
nine months. Rather than stimulate the real economy, the QE program has instead resulted in increasing weakness in the international market for US bonds. "

"There are simply not enough new buyers of debt on this planet to support the spending programs of the United States government - and it appears that current holders of debt are beginning to sell. Because it is impossible to balance the budget from outside sources of capital, the only source of funds left for the US, in all reality, is continued money printing."

"The Federal Reserve’s policy of Quantitative Easing is failing. The US budget is ludicrous, spending is out of control, spending promises are out of control, the world knows it - and we know it. For all the pundits who see the economy improving over the next year, we invite you to explain to us how this debt crisis will resolve itself without significant turmoil."