Job OPPORTUNITY: Become a PRIMARY DEALER!
@redyellowblackdog (10629)
United States
May 3, 2009 10:01pm CST
Yes, it is true.
The 0bama administration has created fantastic potentially high paying career opportunities for those with the ability to become PRIMARY DEALERS! You could make millions while providing a great service to your country. Want to know more? Click here.
http://www.nytimes.com/2009/05/04/business/economy/04debt.html?_r=1
I say that the NEW YORK TIMES has put the best face possible on a crises created by 0bama's reckless, ruinious, possibly purposefully destructive spending. That would be the spending on bailouts, stimulus packages, and the budget. The spin is that all is well and only a few more PRIMARY DEALERS will fix this debt mess. Would you want to be one? Let's be thoughtful for a minute before you answer.
While it is true the US GOVERNMENT is looking for more PRIMARY DEALERS (the people authorized to bid at Treasury auctions) and that much money could be made there, these PRIMARY DEALERS are in short supply because so many have gone bankrupt due to bad governmental policy (Bush and 0bama) and that buying US GOVERNMENT debt has become such a bad proposition. Fewer and fewer knowledgable persons want this debt. Not so many are any longer willing to buy US debt. Those who do are possibly just trying to keep the USA out of defaulting eventually which would be ruinous to almost everyone.
So, even though you too, could become a PRIMARY DEALER with the right investors backing you, would you want to?
What do you say?
4 people like this
2 responses
@Destiny007 (5805)
• United States
4 May 09
Well let's see. First I would have to buy this incredibly risky debt, and then when I manged to find someone even more stupid then I was to unload it onto, I get to pay outrageous capital gains taxes on whatever profit I made.
Sure, why not. Were do I sign up?
3 people like this
@redyellowblackdog (10629)
• United States
4 May 09
So, you obviously have read the article and have understood it at the superficial common sense level of the meaning of words. However, you have not interfaced your understanding and incorporated the lessons our great master and teacher, the 0bama, has taught us by his example. Here's how to make money as a Primary Dealer.
1) Raise money from investors, (US taxpayers are even better), with which to invest in US TREASUARY notes.
2) Abscond with the money!
Thank the Lord and 0bama for the opportunity to become a PRIMARY DEALER. Everyone can now become rich just like 0bama became President.
1 person likes this
I sure as heck wouldn't wish to take a gamble on it.@redyellowblackdog (10629)
• United States
4 May 09
Nor would I want to put a serious amount of my resources into U.S.A. backed securities. Did you see how 0bama respected the contracts of investors in the auto industry? My money goes elsewhere than U.S.A. issued bonds. 0bama likely has as much respect for those who would invest in U.S.A. debt as he does for those people who helped create jobs in the auto industry.
We may see the day, (or has it already come) when the U.S.A. has to behind the scenes cajole others into making the risky investment into U.S.A. treasury bonds.
2 people like this
@James72 (26790)
• Australia
4 May 09
I'd say that day's already here mate. The billion dollar question though is what's being provided as further incentive to do it? It's plays like these that have serious potential to end up shifting alliances and policies to suit completely non-related agenda's and the domino effect can be astronomical. Unfortunately I'm not knowledgeable enough on Obama's Auto Industry dealings to be objective from that angle. 
2 people like this
