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Don't you ever sleep?
The markets never sleep.
i think the correct response is "money never sleeps pal"
seen today at www.WallStOnion.blogspot.com
Al Gore, Global warming in his pants?
"I just made a hundred thousand in Hong Kong gold. Play with it."
Explains the PIMCO equity interest.
I have to wonder, what do they know is coming...
support below and Evans Pritcard is such a dork.
Yep... I have tight buy stops, this breaks down from here or I switch to all GLD. Ya can almost smell the oil, massive layoff coming... very sad.
pre-emptive FED strike........Greek Islands for sale.
The $5T is old news........coordinated CB number is $12 to $15 T with all major CBs participating. ZH wrote about this a few weeka ago.
i thought it was 15 each for europe and US
It's not like Zimbabwe Ben didn't warn us. He told us that what he would do with the printing press. If a lunatic is constantly ranting about how he wants to shoot people and he is given a gun no one really should be suprised by the eventual outcome.
Ding, ding! Shameful wins the prize tonight!
Beb B has never hid his wish that we never have Great Depression v. 2.
What should your prize be? Hmm. How about a stint in law school or a trip to Singapore. Ohh, wait....
Good seeing you around Shameful!
Great Hyperinflation or Great Depression 2.0 -- they're both just different flavors of economic collapse -- the difference being that in the former the banks survive and savers are sacrificed.
Interesting...Bernake as the Good Humor Man. In the summer of 2012 the popsicles will either be 5 cents or $500.00. Somehow I don't think Ben is going to make small change. Right now he's selling my favorite childhood flavor, Sky Blue.
Maybe candy stays the same price, but gold's price is in the hundreds of thousands. "I thought there was gold in Fort Knox, I swear!" -BS
The problem also for the Fed is that if they DON'T prevent GD II (which they can't) by attempting to hyperinflate, then they will be abolished and the banksters no longer given free reign to play with the monetary supply or interest rates, the mother's milk of the entire financial system. That and cities burning to the ground are probably good considerations when facing a deflationary depression scenario.
Like Ahmedimijad-a-ma-whatever saying Israel must be wiped from the face of the earth kind of thing?
No. Not like that. Quite the opposite. Most news sources in the U.S. translate Ben's fedspeak in a manner that reflects positively on him, regardless of the fact that he's a monster who's going to wipe out the U.S. Ahmadinijad, on the other hand, has his words translated incorrectly and reflects poorly on him, regardless of the fact that he's not a monster, just wants to be left alone, is being constantly threatened by his nuclear armed neighbor, and is not a threat to the U.S..
Yeah, when Ahmadinejad says he wants to "wipe Israel off the map," what he *really* said was, "I want to wipe this smudge off my map," because hey, a guy's map gets dirty from time to time. But the scrofulous American press, which is manipulated from behind the scenes by greedy Jews following the Protocols of the Elders of Zion, always mistranslates "smudge" as "Israel." And it's very obvious that the reason this giant, oil-rich country (along with every other Muslim country) can't get its shit together is malicious conniving and plotting in a country smaller than most U.S. states a thousand miles away. It might seem crazy how a handful of sneaky Jews in a tiny little country can keep around 1 billion Muslims in poverty, but then you are underestimating how sneaky and conniving the filthy Jew truly is.
Ahmadinejad, on the other hand, has his words translated incorrectly
Yes. Here's a good analysis:
Like Ahmedimijad-a-ma-whatever saying Israel must be wiped from the face of the earth kind of thing?
When I was a kid in the 1960s I often heard that Kruschev said of America "We will bury you", which was interpreted as a threat. Then in the 1970s I studied Russian and found out that the expression means not to kill, but to out-live, as in "the old lady had buried 3 husbands".
So, unless you know Farsi (as you strike me as the kind of person who knows only English, and maybe some Hebrew), you have to take others' word for it, don't you? And the MSM would never mislead you, would it?
we should buy equities with both hands, and buy on the rumor sell on the news
If the Fed is the only buyer left, I still don't see how that will save the economy. Prop up financial asset prices maybe, but not stimulate the economy.
Won't save the economy, but when the crash comes, they want to be holding all the assets
Those aren't real assets the Fed is holding.
They aren't buying them with real money either. Eventually they will all have the same value - Zero.
It doesn't matter to them. All profits of the Fed go into the Treasury. No one at the Fed is conspiring to hold a wealth of "assets" (the assets are all junk anyway). They're doing everything they can to keep the bonuses coming to their pals at Goldman Sachs.
Let me give you an alternative theory: Every head of every major industry believes the economy depends on his industry. It's just natural. For example, my father's a diesel executive. He's been in the diesel industry for almost 20 years and knows it inside and out. If you asked him, he'd say the country's health depends on his company staying afloat, and he'd mean it sincerely. Of course, if his company *does* go bankrupt, that's that.
Now, take the guys at the Fed and Treasury. Their whole lives have been high finance. Yeah, they're corrupt, but you're missing this other part--they truly believe that if Goldman Sachs goes down, the whole country comes down with it. It's not just propaganda. They really believe it themselves. Now, you take even the most pure-souled guy, if he's a true believer in the economy's absolute dependence on the profitability of Goldman, and give him the unlimited money-printing power of the Fed, what exactly do you *think* he's going to do?
"All profits of the Fed go into the Treasury."
That's not true, they only remit interest received from the treasury back to the treasury. They get to keep their other profits (e.g. from trading bonds).
Press the restart button and you get a new economy, smaller, but with much less debt, and you can start growing/indebting yourself again.
Hells Bells, double or nothing !!
But can they really hold out until next year?
You'd think the deflationary signs would be making them twitchy, insomniac, and punchy. Ben thinks of himself as a student of the Great Depression. How could he/they sit by through November?
The Dems do not understand what is happening. Frightening blithering babbling idiocy. Barney Frank is totally insane. I just watched him on C-SPAN, explaining that we're going to fight the financial meltdown with sharks and hats.
But are they bowlers or fedoras? The country's future depends on it.
They don't have to do it before November. The mere TELEGRAPHING of their intentions before the mid-term elections will be enough to have the desired effect. Don't expect Obongo to do this dirty work: but wait for a hint from Vice-President Geithner or Secretary Bernanke...
No more calls, please. We have a winner.
I call BS on the 5 trillion plan.
Indeed. They might go straight to 8 trillion.
8 Trillion? Tsk tsk tsk, such a lack of ambition.
I think the total QE, worldwide, will probably number in the tens of trillions by the time we are finished.
You know, "A trillion here, a trillion there, and pretty soon, you are talking about some serious money".
Maybe I need a louder avatar to get people to pay attention.
They have to QE the entire credit base. Otherwise, the math says that the compound interest function will consume the money supply in a cascading sequence of defaults.
They have no choice, as a matter of math, but to print the interest at least. The marginal utility of debt has gone to 0.
"They have to QE the entire credit base."
This is what I'm thinking, else you will always have the next weak link still needing to be rolled forward. I mean, if you kick the can, you have to kick the whole can, not just part of it, right?
Oh, and given that all the new debt is just going toward servicing the old debt, doesn't that make its marginal utility negative?
he should be shot on site
he is worse than any bin laden
an economic terrorist
the world should pay 5 trillion to whoever shoots him
The whole world is a stage... so the truth is probably somewhere in the middle.
Cranky today you are?
I knew it! I knew it! The one trick pony will ride again!
It's almost too cartoonish to be real. But that's our Fed! A caricature of a bumbling cartoon clown.
Good thinking, Ben! One more big shot of Wild Turkey oughta lick them blues but good. Hit us with your best shot! Shock n Freakin' Awe, baby!
Go for the Quad!....the Quadrillion.
I have known, sort of, what a quadrillion was when I was a kid (you know, the semi-nerdy ones who knew the ranks in the Army, etc.). Still, even with the size of our country, a quadrillion is a HUGE number. A million times a billion (American system).
If that were in FRNs, then the average amount of cash per capita would be an impressive $3,030,000,000 for each American! [all of these zeros makes it hard to calculate at 1:00 AM, so please feel free to check my math]
Do it Ben! Makes us all multi-billionaires! Those of us with any doubts will hold some gold, thank you.
Yup, the numbers check. But the Quad Bazooka would put Ben in the record books as the Caligula of Monetary Porn. It would also wipe away all the failed bank balance sheets, all the SIVs, unwind all the potentially toxic derivatives, unwind FNM/FRE/AIG, and the hundreds of lesser dependents on the Fed's largess. The Quad could wipe away the sins of the fathers and of the unholy banks, it could wipe the slate clean of all reminders of the folly of the last 3 decades. Psychologically that would be worth it to many Americans even if a stick of butter costs $25,000. Yes, one could say it would be worth its weight in gold :) Bring it on!
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