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Cost Of Green Close = $9 Billion Of Incremental Debt
The S&P is now green on no news at all. However as Rick Santelli points out, $9 billion of debt was monetized by the Fed today and this is money used by the primary dealers to levitate stocks to a green close. Surely a double POMO day resulting in a red close would have been a massive slap in the face to the only trading desk that actually trades anymore (that situated at Liberty 33 for the cheap seats). In other words, a complete reversal from the day's low has cost US taxpayers only $9 billion in future debt that will never be repaid. To everyone involved it seems like a perfectly fair squid pro quo.
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I was wondering about that too. I didn't see any news that would explain it.
The BKX broke 7/1's low, then bounced to close +1.05% (BKX stocks are in XLF). BAC+RF+PNC are already below 7/1, how is this bullish?
Not that it matters much but, strictly speaking, it didn't even buy a green close. On the index ETFs, perhaps, due to that odd selloff after the close Friday which threw them "out of sync" temporarily with the indexes (indices?). But the Dow, Nasdaq and S&P actually did settle slightly red.
So if the FED buys up all the US gov't debt (or what it can), what is the downside of it just saying that it is never going to cash in the debt, essentially wiping Billions/Trillions of dollars off of the US Debt?
Doesn't work that way - Gov "borrows" future tax revenue to buy all government debt today. Fed buying it at a premium. No seller on the other side to offload this stuff to. So, Fed takes future tax payer returns to hide current losses and holding them forever. No real way to get it back off of Fed's balance sheet. So, we are taking future revenue that should be used to run the government but instead buying decrepiating assets.
Debt isn't gone, we are just wearing it around our neck like an anchor going forward. Slows GDP, kills growth.
Yeah, because private banks do stuff like that all of the time...
The FED and the gov are separate and have different interests. Sometimes they are alighned, often they are not. You are arguing the premis the FED could buy unlimited gov paper and when the coupons and/or note comes due, tell the government "no thanks, you dont have to pay it back" (kind of like kids borrowing from parents right?). Why would the FED give up this power? They wouldnt.
Lets say the FED goes along. It would not take long for people to ask, why do we need the FED? Just let the Treasury print, cut out the middle man. That is Greenbackism and always fails.
Eventually USA will be like Ireland - writ large
Those bonds eventually mature into cash dollars, what does the Fed do with them? Hand them over to The William Dudley? Does anyone have a problem with that?
"In theory" the FED would stuff that cash into their huge matress and take the money out of circulation. I conceed however since the purchasing power of the $ has declined since the existence of the FED, this is one of those "working theories"
Send in the tanks, in a show of force..
Conduct a full audit.. wonder how much criminal activity is going on in there?
Since they are a "private bank" JAM ALL THE DEBT BACK TO THEM since they are not acting as congress instructed them..
Sit back and observe market reaction..
The statement of Soros about Dienstbier is as incorrect as ever. Here are the facts about Dienstbier:
Jiri Dienstbier - during the 1950´s and 1960´s journalist, alleged KGB or directly GRU cadre, as communist journalist he was able to travel around the World during the communist era in Czechoslovakia. Between 1958-69 he worked as foreign political commentator and editor for Czechoslovak [communist] Radio, between 1964-67 Dienstbier was the CZ Radio correspondent for the Far East and was in Jakarta, Indonesia at the time when there was [thank God unsuccessful] a communist coup. In 1968-69 he worked as foreign correspondent in the United States, possibly for communist party newspaper Red Right [Rude Pravo]. A CPCZ member since 1958 till 1970. Dienstbier is a founding member of Charter 77, a speaker of Charter 77 in 1979 and later in 1985. After the "collapse of communism" in Czechoslovakia, he became Czechoslovak Government´s Deputy Prime Minister in a government of PM Marian Calfa and Dienstbier later became CZ Foreign Minister. While in his post as Foreign Minister, Dienstbier was involved in various scandals regarding appointing various "former" communists and STB agents [STB foreign espionage section mostly] as Czechoslovak Ambassadors around the World. [report]
So who are you trying to fool George ?
When it comes to simple logic, how come Soros was allowed to set up his Open Society Institutions in the communist Hungary in 1984 and later in the Soviet Union in 1987 ? Such ventures were only possible for communists or communist agents and NOT for an American businessman like Soros.
To be continued...
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
Good stuff. You going to finish?
Yes. I have to weigh the possibility of being banned, as I was on Karl Denninger's site, for posting such articles.
By the way, the article is over five years old and was written by Czech and U.S. dissident Jan (Honza) Malina. A better geo-political analyst is hard to find, and only Jeff Nyquist fits that description.
Well there goes the money they just supposedly saved by freezing salaries for two years! Only took 4 hours to spend it...LOL
This really does point out up Total Bloviation of all of .gov
+ save $28 billion in the next five years / 5 years = 5.6 billion a year ....
and meanwhile the Fed pumped 9 billion into the markets in one day !
This is getting out of control. It is just wrong and will lead to tears.
So who are YOU, George ?
Details
We have to again turn to Soros´s own words from his work:
"When I went to Hungary to negotiate, I had a secret weapon at my disposal: the recipients of Open Society scholarships were ready and eager to help. On the government side, my negotiating partner was Ferenc Barta, who was concerned with foreign economic relations and looked on me as an expatriate businessman whom he was anxious to accommodate. He introduced me to the Hungarian Academy of Sciences and we concluded an agreement between the academy and the newly established Soros Foundation in New York (Open Society Fund was considered too controversial a name). We established a joint committee with an official of the academy and myself as co-chairmen. The rest of the members were independent-minded Hungarian intellectuals, approved by both parties. Both parties had the right of veto over the decisions of the committee. There was also to be an independent secretariat operating under the aegis of the academy."
Here we go again. Every communist Academy of Sciences was in reality a communist technology and science espionage directorate. These people were part of the systematic communist espionage and subversion operations oriented against the free World.
Soros had to know this. To make concessions to communists is also of interest to show, what kind of "real character" George Soros really is.
And to make it even more obvious we can ask the "true philanthropist" George this following question: Are you happy you were helping the communists to set up such institutions ?
The agreement between Soros and the communist government in Hungary had to be approved by the Communist Party General Secretary Janosz Kadar. Kadar was during the 1950s personally involved in torture and murders of anti-communist opposition members in Hungary, he is a Stalinist of the worst kind and Soros had to know real well who Kadar is. As an American citizen Soros did a great disservice to his country by supporting these communist criminals.
To be continued...
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
And let´s see another example from the same
Soros´s work:
"Then came the stock-market crash of October 1987 and a reporter from the Hungarian radio interviewed me by telephone and asked me whether I was closing the foundation because I had lost my fortune. I explained to him the reasons why I refused to go to Hungary. It was a misunderstanding, I said, which was sure to be cleared up soon. The interview was broadcast and the authorities were embarrassed. I gained my points and paid a visit to Hungary; but, while I was meeting with the Prime Minister, the head of the propaganda department, Mr. Berec, personally imposed a ban on any interviews with me. The ban was broken within the week when Moscow TV reported my visit to President Gromyko in the Kremlin and, according to communist etiquette, Hungarian TV replayed it in Budapest. I was amused."
Amazing, simply amazing !
Well, this is not all, keep your hats on because the bombshell comes now. Soros tried and was able to set up his Open Society Foundation in the communist China in 1986. Read the following carefully.
"I went to China [in 1986 - HM note] with Liang Heng, who became my personal representative, and set up a foundation on the Hungarian model with Chen Yizi´s institute as my partner. Boo Tung, Communist party General Secretary Zhao Ziyang´s principal secretary, cut through the red tape and approved the foundation on the spot.
Both he and the foundation got into a lot of trouble as a consequence because his political enemies tried to use the foundation as a vehicle for attacking him. They prepared an elaborate dossier which claimed that I was a CIA agent and anti-Communist conspirator. Boo Tung counter-attacked and presented voluminous information about my other foundations to prove my good faith. That was not too difficult because I had always been very open about my intentions and by 1987 I had also established a foundation in Moscow. Gromyko himself had put the seal of approval on it by officially receiving me in the Kremlin. Nevertheless, some high party council decided to liquidate the foundation and refund the money. It took the personal intervention of Zhao Ziyang to rescind the decision. He arranged for Chen Yizi to resign as cochairman and for the International Cultural Exchange Center, whose chairman turned out to be a high official in the security service, to take over as our host organization."
Again, if you don´t know how the communist criminal machine functions, you will take these deceptive statements from Soros as genuine truth.
To be continued...
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
It would appear that his bent toward a western civilization take down is not a new thing. Mr. Soros would appear to be a real enemy then and now.
It goes back about 2,000 years, as Igor Shafarevich explains in his book The Socialist Phenomenon, but it began to be effective during the time of Marx, and became a very real threat by the beginning of the 19th century. The failure of the world to reverse the 1917 Bolshevik takeover in Russia sealed the West's fate.
The secret 81 Party Congress held in Moscow in December 1960 can be referred to as the beginning of the end for Western Civilization, and the plan agreed to by all 81 Communist parties represented at the Congress is the mechanism by which we are being destroyed.
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
Thank you for the link ... more than I need to know ... overseeing the demise of the financial system is bad enough, but the whole of western civilization could give me a real twitch.
The hour is late, you know.
The demise of the financial world has not been and will not be explained by reliance on mainstream analysis, and this point is obvious. What should also be obvious is that it cannot be explained by those who implicate the Federal Reserve either singularly or with accomplices (Jewish or otherwise). Nor can it be explained by simply implicating human nature in the form of greed. It can only be explained by the fact that Western Civilization with the United States as its leader has fallen victim to an elaborate and long-range deception to destroy this civilization itself.
Consider this fact: by the late 1960's the Soviet Union had co-opted no less than 400 private, Western banks for the purpose of laundering the profits of illicit drug operations conducted as a means of warfare against the United States. The fact of this matter is not in dispute, and the implications should be clear.
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
I cannot dispute these 'facts' of the past since I am not privy to the research, but I can read the signs of the times and see that larger forces at at play than simple greed. However, a complete takeover of the world by China and/or Russia would seem a bit of a stretch. One can see the pawns (Iraq, Iran, Afghanistan, North Korea), but the moves of the queen, rooks and bishops are still in the fog. I was in Russia in 96-97 and China 2000-2001, and I was very impressed by the people and their respect and 'love' of America and the ideals of freedom ... That being said I do understand that herd mentality and that ultra nationalism has historically trumped love and respect. If one is really interested in protecting ones family, I think you must think (and protect yourself) globally.
Point 1) How exactly, George, can you prove, as an American citizen and therefore enemy of the communists, who was in fact able to set up such institute in China, how exactly you prove to the communist "justice" that you are NOT a CIA spy and anti-communist ? If they want to kill you, they will kill you.
Point 2) How is it possible, George, that the General Secretary of the Chinese Communist Party fixed the problem for you - this wouldn´t happen unless (UNLESS) Soros is a communist agent himself.
Point 3) To know about Chinese secret police involvement in an American Institute and to continue with such venture anyway is again the proof of the worst taste and probably a proof of being somebody else Soros is claiming to be.....
Point 4) Communists from China refunded the money to an American - Soros ? Are you kidding me ? Communists returning the money to a capitalist accused of being a CIA spy ? He would be lucky to get out of there alive if this was true about him.
Point 5) Since Soros was helping financially to collapse the communism in Eastern Europe, how is it possible that he is still alive ? How is it possible that the for example Russian GRU or Czechoslovak communist military espionage services didn´t send a commando unit to murder Soros for destroying their communist rule, if we accept the obvious nonsense, supported very actively by Soros, that communism has truly collapsed ? These communist espionage people are still there, none of their secret dossiers were ever made public [Supporting data], they are conducting the same kind of operations as during the openly communist era - why then is Soros still alive and has not been dealt with by these people ? And since he was already trying to establish an "Open Society" Foundation in the communist Hungary and Soviet Union, how come he was able to do the same in the still communist China that has never pretended to stop her oppressive communist rule and the hard-line communists are still in power over there ?
Deception, subversion, Russian communist Global strategy. Nothing else.
To be continued...
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
Amazing story. Amazing he struts around the west and contributes massively to US campaigns without biographical revelations. It's as though the revelations are controlled. What a nefarious agenda! Dr Evil indeed
Amazing, indeed, but explicable.
The 81 Party Congress to which I referred was held for the purpose of ratification of what is known as the Shelepin Plan, so named after General Alexandr Shelepin, chairman of the KGB, who was tasked in 1958 with devising a long-range strategy against the West designed to culminate in the physical liquidation of the majority of the population of the United States. The plan is based on deception and utilizes infiltration and subversion as primary tools to weaken the U.S. morally and ultimately militarily, while at the same time suficiently strengthening communist forces signatory to the plan to the degree that victory would be certain. The plan incorporates the diametrically opposing military philosphies of Sun Tzu and von Clausewitz, the latter to be employed in the Final Phase of the plan.
The "long march through the institutions" advocated by the Italian communist Gramsci factors heavily into Communist Party operations, and the effect of this is nowhere better explained than on Youtube by the defector Yuri Bezmenov in a series of videos every American should watch, beginning with this one:
http://www.youtube.com/watch?v=qlpODYhnPEo
The best introduction to the topic, though, is found here:
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
It's short but not sweet.
Anybody know if bens using a stop loss or just playing every number on the roulette table
Stop at $20.21 ...
stop pumping when that is the price of a loaf of bread ... good nine grain bread not just Wonder Bread. Or ...
when unemployment reaches 20.21% or
when market interest rate is 20.21% or
when 20.21% of bankers receive $10mm bonus
whoops.
Here is a very hot plate of food for thought, continuing in the vein of the Soros conversation. It is from the latest column by Jeff Nyquist, who writes for FinancialSense.com every Friday.
...Kalashnikov is telling us about networks of operators. These networks are extensive and sophisticated. They are multinational, and exist in business and government, through education and science, through the media and religious institutions. "I had thought the Germans understood this situation better," said Kalashnikov. "But they do not. They do not understand what operations were undertaken, for what purpose. I was in a conference on intelligence, where they invited former East Bloc intelligence officers. The Germans stressed that they have no contacts with Russian military intelligence [GRU]. There have been repeated attempts to involve the GRU in exchanges and cooperation. The GRU repeatedly declines. They stay absolute separated. Probably, this arouses interest as to their intentions. The Germans see the GRU as an independent unit. That suggests yet again that the military GRU element is the main structure within Russian power institutions. This is the biggest mystery of all. What were the GRU's targets during the Cold War? What were its objectives? It appears that studies on late communism in Germany are much less advanced than what I had expected."
Kalashnikov is suggesting that the key power-bloc in Russia, in terms of national strategy, is the Russian General Staff. "I am convinced that the military policy is the core of Russian policy overall," says Kalashnikov, "the General Staff being the real masterminds of the international strategy of Moscow. The GRU is the core of that center. As to their way of thinking, Americans and Canadians have a limited idea of this. I was struck when the ministry of defense here in Berlin said, 'Up to now we have a limited idea of the Soviet plan.' So they are just going in the same circle that says there was a democratic movement that removed the communists, and there was a good man named Gorbachev who launched all these movements. There is no comprehensive concept of Soviet strategy at the end of the Cold War, transformed into what we have now. I still cherish the idea that the knowledge here in this city [Berlin] is somewhat more serious and extent. But I learned that practically all archives were destroyed. The real issue, the crucial links between East Berlin and Moscow, remain under layers of secrecy, speculation, and all sorts of legends. Extraordinary!"
I could not resist asking the former KGB insider whether the Soviet government actually survived the so-called collapse of communism. "The Soviet government still continues," said Kalashnikov without hesitation. "To prove that, look at the situation with the Russian archives. We have here, in the former socialist countries, more or less a sort of openness regarding files of defense ministries and so on. Now, the difference to Moscow is, under the Russian Federation, such papers are still operational. They are still secret. They are still part of the continuity dating back to Soviet times. So the regime survived. The story continues, in a somewhat similar direction. Even the papers related to the Second World War are still secret. Many historians show surprise as to why. We are more than sixty years past this time. But many decisions, facts and operations, are part of Soviet and Russian practices that continue. This illustrates, once again, that we have one and same line of development from Bolshevik times, to late Soviet, up to our day. Against and despite all the rhetoric otherwise; I repeat, there is no serious prospect or political will to scrutinize the most basic links between Moscow and European capitals, starting with the end of the Second World War. The Russians also keep their methods of control over the Eastern Bloc a secret. Why? Because it is still operational. So the GRU declines contacts, because they continue the same strategies as before."...
http://financialsense.com/contributors/jr-nyquist/twenty-years-after-the...
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
"I repeat, there is no serious prospect or political will to scrutinize the most basic links between Moscow and European capitals, starting with the end of the Second World War"
The immediate post WW2 deaths of 8 million, rapes. lootings, murders, tortures, expulsions, demontages, starvation, slave laborers, perpetuation of the Nazi camps, kangaroo courts handing out 25 years at a clip to 18 million "guilty" and a general embarasment of a complete structural military breakdown would have something to do with said secrecy as well.
All these things you mention fall under the heading of Stalinism, the exposure of which was calculated to benefit the CPUSSR, and this was done. The deStalinization undertaken by the Party led to the publication of The Gulag Archipilego by permission of the politburo, members of which were personal friends of Solzhenitsyn. Exposure of Stalin's crimes was official Communist Party policy from the Twenty-first Party Congress on. The desire to keep secret Stalin's crimes was not and is not the reason for the continuing secrecy of the Russians, nor is document destruction.
The reason for secrecy is the fact that the collapse of the Soviet Union was a strategic deception designed to destroy the United States. The Soviet regime still exists.
I wonder if you have ever seen this short video made by Vladimir Bukovsky about the creation of the European Union.
http://www.youtube.com/watch?v=bM2Ql3wOGcU
I hope it is of interest to you.
And it's gone.