U.S. Treasury Redeems $643 Billion in Treasuries in April (2010)

All of the recent bailouts and economic stimulus packages have pushed the world to the brink of an economic collapse. The only question is – will the trigger be the U.S. (failed Treasury auctions leading to a funding crisis?) or Europe (sovereign debt default in one country leading the rest of the Euro zone off a cliff?) or something else?

When everything starts to fall apart - remember all of the recent talk about a global economic recovery from the world’s political and financial leaders and the mainstream media - and ask yourself – was there really a recovery or was it simply a well crafted deception?

I’m sure most of the blame will be placed on the inability of governments to manage their finances. While this certainly contributed to the world’s collapse – this is not the cause. As I have mentioned many times on this blog – the world’s debt based monetary system is destroying the finances of individuals, corporations and governments. It is the very system itself that has brought the world to its knees. An evil plan for world domination continues to move forward. It sounds like a movie plot – but it’s the truth.

Much of the world worships money – it always has. It is the worship of money that has led to so much evil throughout the world. Almost all of the lies and corruption surrounding our economic decline over the past few years is a direct result of greed and the love of money. I think I’ve read somewhere that the love of money is the root of many kinds of evil – how true this is.

Satan has dangled a carrot in front of us for a very long time in order to blind us from the truth. Our wealth has always been an illusion. We’ve never had real wealth – most people today don’t even know what real wealth is. Having money that represents nothing more than debt – is not wealth.

What is real wealth? Does real wealth have anything to do with this fallen world? Would you not give up everything to know God? Would you not give up all of your gold, silver – all of your possessions – to know that our Father in heaven had a place reserved just for you? Would you not give up everything in this world to have all of your fear replaced by courage and strength? Would you not give up everything to know God’s love?

"The kingdom of heaven is like treasure hidden in a field. When a man found it, he hid it again, and then in his joy went and sold all he had and bought that field.


"Again, the kingdom of heaven is like a merchant looking for fine pearls. When he found one of great value, he went away and sold everything he had and bought it.” (Matthew 13:44-46)

Do you think it’s a little more than a coincidence – that it is our very money that is leading to our economic downfall?

Someone is about to make a very big statement.

Will we learn the lesson? Will we turn away from the world? Will we return to our Creator and embrace him?

The day of decision draws near.

jg – April 30, 2010
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Treasury Redeems A Gargantuan $643 Billion In Treasuries In April

http://www.zerohedge.com/

Submitted by Tyler Durden on 04/30/2010 16:33 -0500

http://www.zerohedge.com/article/treasury-redeems-gargantuan-643-billion-treasuries-april

A week ago we were practically speechless when we showed that the Treasury had redeemed nearly $494 billion in Bills in April. A truly stunning number and an indication of just how much cash the Treasury needs to have access to to keep rolling its ridiculously short average maturity debt load. Today we stand even more speechless: according to today's DTS, the Treasury has now redeemed $596 billion in Bills in Aprils: an all time world record, even when accounting for the Fed's steroid abuse period of SFP 1 (we are currently in the second iteration). Add $47 billion in Notes and there are almost $650 billion in redemptions. This number is simply ridiculous. Forget the interest expense: this ever increasing roll is the number one danger to the US and world economy. Should the Treasury be unable to keep issuing shorter and shorter dated debt (and it already is skirting away from even the belly of the curve), it is for all intents and purposes game over.