treasury bonds

AOFM sells $1.25b in Treasury Bonds

February 22, 2010 by admin

(SMH) The Australian Office of Financial Management (AOFM) sold $1.25 billion in Treasury bonds at tender on Friday. [..] The total value of the 57 bids received was $4.490 billion. There were 28 successful bids, of which 24 were allocated in full. read more

Thomas Edison quote: "If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People."