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disingenuous, word of the 21st century.
They know if they do it all at once, trends would be in our favor for readmittance. Preach the gospel, and dig in.
PS, one of mine hangs lower too.
did you have an accident?
Thats the way to Boxem out Wilt.
wilt the stilt
chamb the flame
oh it just goes on and on.
100,000 billion is a big number TD!
Geithner says a lot of things. Controlled demolition is not one of them.
This ought to give him a great reason to quit too...hopefully soon.
There will be no formula or plan for intervention. Like TARP, the numbers are scribbled on a cocktail napkin. If it doesn't work, discard and get a bigger napkin.
A 10y T yield at 1.5 ain't looking crazy no mo.
No, but buying the paper is!
That tril of prepays will just about fund the let to own shells that will hold the 50% LTV trash... while providing a stream to dip to help keep CRE afloat.
TD is thinking with his long counting system on. A thousand million is a milliard (instead of a billlion) [10^9]. A million million [10^12] that we commonly refer to as a trillion would be only a billion. A thousand billion is a billiard [10^15] and a million billion is a trillion [10^18]. So now all you milliardonaires [10^9] have something to shoot for to be real billionaires [10^12]. Plus we can use our old friends (the counting words we know) for awhile yet before they too become obsolete.
is zerohedge fan, kinda cramping your style?
Can someone explain to me that a person who is supposedly smart enough to help guide our nation's monitary policy, and is supposed to be principaled, ethical, et al.
Please explain to me, that when they lie to this level and steal from not only this generation but the next one as well, just to line the pockets of their GS and political elite friends,
how can they expect to remain "safe". Somebody is going go after one of the elitist a-holes and take the very breath out of them. The country is not going to sit by and let these criminals and theives advance the Bancruptcy of our Republic.
Are these guys that stupid in reality, or are they really "untouchable".
Sadly the elitist a-holes actually have a grasp on the real org chart of the US and who owns what. They know who owns the FED and that the FED owns the US including every man, woman, and child. Owns as in slaves. They have begun to understand the rules and the actual service being provided here.
Most folks don't care to grasp what a Constitution is (a debt to be paid by those the delegates signed into the Group [US]). Most folks don't care to grasp a whole lot of other very uncomfortable information.
(a) There is a small group of people.
(b) They own everything.
(c) They have all the power.
(d) They do exactly as they are told to do by the plan.
(e) If they deviate from the plan they get hammered and so does their entire family for generations (Kennedy).
These folks have been asked to make a substantial sacrifice to provide a service to others. A service that you see everyday as you walk out the door. They create the Matrix.
Didn't you see the million man perp walks resulting from the greatest bubble and meltdown in human history?
million man perp walks
million man perp walks
I dreamt that dream. Then I woke up. Shit.
well put, LeB. Some additional ideas who the puppet masters might be can be found in this source: http://tinyurl.com/dfztye . When will people stop being naive and quit blaming the Fed. That's what I want to know.
No one is untouchable. Very hard to touch yes. And it would probably not be surprising if you think about it, but they can scurry around pretty well when the light comes on ...
"Are these guys that stupid in reality, or are they really "untouchable"."
I have been thinking of the movie, "Conquest Of The Planet Of The Apes." Remember the visuals? Remember the chimps? We are the chimps. We need to become Apes.
However, as the apes raise their rifles to beat Breck to death, Lisa (Natalie Trundy), Caesar's beloved and later wife, voices her objection; "NO!" other than Caesar, she is the first ape to speak. Caesar reconsiders and orders the apes to lower their weapons, saying:
Edit: Caesar for President.
Disease called AVARICE combined with terminal BAGHDAD BOB SYNDROME. All the symptoms are present.
Time for a large dose of "Defaulta", then!
I think its time to go out and buy those big sacks of rice and beans...what do you think will happen to the politicos and banksters when the shit hits the fan?
Killed by their own butlers
Sushi chefs are very good with knives.
Kinda reminds me of my bankrupt neighbor that has lost 2 homes to foreclosure, owes 100's of thousands to creditors and has a $600k tax lien. When he's out with his friends, he throws $100 bills on the bar and buys drinks for everybody. Just pretending he still is the man that he isn't...Wakes up the next day with a hangover and realizes he spent the weekly grocery money...And you wonder why his kids hate him?
I'm glad you said " he "........thought it might be my sister-in-law.
Can you say debtor's prison? Coming to a thrifty guy near you.
Or maybe you'd like to pay with a kidney? A lung? :)
A guy like that has KIDS?
Ugh ... Shouldn't be allowed to breed.
Shouldn't be allowed to breed.
Shouldn't be allowed to breed.
Uh, there's a political system for that. Not a political system that I'd be in favor though.
Like the soccer mom sister of my wife. Still buys a new mini van every two years and it literally never stops rolling...she rolls one upside down auto loan into the next. Shuffles her two kids from one event to the next. Keeps piling up credit card debt, eats only fast food but never has twenty bucks in her wallet. When she withdraws money from an ATM it's never more than twenty bucks!
Her hubbys income is about 90K and she used to work as a part time teacher. Refied their home, took another loan to add a nice screened pool...now they couldn't come up with two grand if their lives depended on it...and I don't think they knew the country was in a recession until her part time teaching gig went away...clueless. But, she has a degree from UCF in psychology.
This is all so sad. We are approaching the end-game. I look forward to the other side, but it did not have to be this way (though the die was cast in 1913).
1. Why do they think more QE will work if the 1st (and QE2 lite) didn't?
2. Just a few months ago everyone was discussing the Fed's "exit strategy"? Remember that? There can be no exit from a $2 trillion + cumulative QE.
heh Oh yes there can be an exit. In fact I'll venture to say there will be an exit at some point.
So desperate to keep a failing system going.The elites are totally out of control in their quest to keep their power and wealth.
Just like with Hitler and the Brown-Shirts, the general populace will be cheering "Krystalnacht" foisted upon the banksters!
Nothing more than being caught with their pants down, in the round robin beggar thy neighbor global devaluation game. Overprint and it'll go to shit.
Perfectly fits the textbook positioning of Keynesian economics;-economic theory underlying political reality of the moment-devalue in order to increase exports (formally announced public policy, populistically adroit)-cheaper dollar makes imports more expensive thereby stoking inflation (and/or expectations thereof)-when defeating deflation has been isolated as FED priority (ref; last FOMC minutes)
All ties together rather neatly.
"I can print more money than you can."Even explains the newly instituted programs of foreign central banks to borrow dollars opposite their own currencies. (Which is another disaster waiting to happen.... Leveraged Central Bank currency speculation, but another story for another time, eh?)
I can't wait.
Lay in the popcorn and gold (PM) positions, Shirley.
PS. T'would also be consistent with a higher or abandoned pegging of gold at artificially low prices.
Can someone explain how it can be a preferred monetary policy to engender Hyperiflation?
It's like the scene of Butch and Sundance blowing up the safe on the train they hijacked. "Use enough dynamite there, Butch " ?? Butch would have preferred to use less powder.....in hindsight.
CNBC poll today...Which will make America feel better Dow 12K or 8% Unemployment? Imagine the Fed's disappointment that the unemployment rate won. 82% to 18%. Keep trying Fed...I'm sure Dow 16K will do the trick!
I'll run the same poll at 11PM on the 30th at my local Walmart.
Hyperinflation = $ 20,000 for a loaf of bread and the overthrow of Govts.
Sounds like strong trend. I'll take 2.
I've buried white bread and lunch meat nearby
In order to be fair shouldn't we cutt off the free money first THEN ask them if they would rather work for it vs. not have it at all?
The FED bought I believe a trillion worth of mortgages from the banks at or near 100 cents on the dollar. If that liquefy another trillion, that makes two. If I'm not mistaken the housing market is six trillion. So the FED could have cut everyones mortgage by 30% and saved us a whole lot of trouble. Instead their funneling money the elite. Milking every last dime from the American people. Thank GOD for the second amendment, because sooner or later we're gonna need it.
Once they start down this road the result will be the same because of expectations. Won't matter if the dollar is euthanized slowly with a pillow or with a nuke.
I do wish to express my gratitude to the Fed for killing me softly.
Why does the FED think that the Value of the Stock Market determines the Health of the Economy? It appears that the Stock Market is doing fine but the rest of the Coutry is falling off a cliff. Isn't there something else that they could do to help the people of the country other than pump the Stock Market?
They are helping the people: Their people. Y'know, the bankers and brokers and realtors in Manhattan and the Hamptons. The rest of the country not only doesn't count to them, they don't even exist.
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