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Fed 1 - Your Purchasing Power 0: Dollar Bloodbath Redux In Pretty Heatmaps
The only thing that matters today is the ongoing drubbing of the USD, which has just surged to 1.345 to the Euro, even as the Yen meanders this morning but continues to gradually push higher post overnight lows. Expect angry statements from the ECB, and promises to do more of the same failed thing. In the meantime, the middle class' purchasing power was once crushed. The Fed's transfer of wealth from savers to debtors continues. Which is the only thing that matters to stock.
USD:
EUR:
JPY. Don't be confused by the green color - all Shirakawa sees is red.
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GLOBAL FLOWS
http://williambanzai7.blogspot.com/2010/09/global-flow.html
This oligarchy is starting to wear on me. Bring in the national razor.
The rumors of a 4 to 11 trillion $ QE2 in november might also have something to do with that.
People are so f-ing stupid.
Nope. That would literally collapse the dollar and the entire world economy. Gold would be at $100,000/ounce right now if there were any truth to that. Heck, $1,000,000 an ounce, it matters not. There would be revolution and Bernanke's head on a pike (something that we, as a people, are entitled to anyhow regarding the Fed-Head) within a month.
This is just the Fed pushing on a string. The snapback will be vicious.
USD bitchez!
Why would the Fed bother with QE2 if they can wreck the dollar so successfully in such a relatively short amount of time? Yippee for stocks, down with the middle class and the poor. If only they could trade the markets, the poor saps.
our currency , your problem?!!
In central bank circles - depreciating your currency is the definition of success.
Our guys are winning - yeah.
+ $1T or $10T take your pick...
We just off the 2008 low in the USDCHF cross pair 0.9794 that use to track the DX futures contract note for note. Seems this is just one more Fed induced distortion in our markets, as the DX contract is no were near it's 2008 lows. By doing this it keeps the alarm bells from going off, Fed manipulation in your face. These guys will stop at nothing and by doing this is causing the markets to become utterly and completely distorted.
Seems the only way to make money in the markets is to know first hand what the NY Fed is doing. Ever wonder how the banks are having hundreds of days of trading with no losses,,,wink wink.
Boy! Bloodbath is exactly the right word.
Doesn't Bernanke's shenanigans make US a currency manipulator?
That is why I always laugh at these bills going through the center circus ring about getting tough with China and its currency "manipulation".... pot, kettle, black?
The daily DXZ0 US dollar futures contract is sporting a big head & shoulder top formation.
Gee ya think this will play out? This is as close to a sure thing as you can get. By November the stock market will hit YTD highs and the US Dollar will drop like a rock.
This can make you alot of money. Place you bets this is free money my fellow traders, and I don't need no stinkin NY Fed, because I can think for myself and I know how crooked the Fed has become.
MARK MY WORDS THIS WILL HAPPEN.
I'm mad as hell, and I'm not....well you know the rest. This is depressing.
Long December ES futures, short December Futures Dollar index DXZ0.
Pick your spots in the ES it will row down at some point just like yesterday, thats were you execute your long position. Then just kick back and watch the free money roll in.
STEP RIGHT UP AND GET YOUR FREE MONEY $$$$$$$$$$$
what did the guy say last night? "and the jester sang for the king and queen in a coat he borrowed from James Dean." is the whole friggin' street a bunch of posers? i might actually start listening to Kernan just for the entertainment value! LOVES THAT MOVIE SET DON'T HE.
Wow! Bull Ballistic!
Fed's POMO must be working overtime this morning!
The bigger they are... the harder they fall! Except that we're going to be crushed when it happens!
...so "investors" are fleeing to stocks. You'd imagine precious metals and energy would be doing pretty well, and they are.
But so is junk! They're lapping up CRE, FIRE stocks, retail and banks!
Incredible. Incredibly...incredibly short-sighted...
Dollar down and all of the things the Middle Class have to buy UP. Basics like Food, Oil, and cost of any goods that relate to commodities like Copper.
Double wamy. Lower Dollars to purchase higher cost of goods.
Does the FED really think that decreasing the value of the Dollar and increasing the costs of goods will re-inflate the Economy?
Nope. But the FED believes it will make it much easier for the government to pay back its debt. Anyone who thinks the FED is an independent organization is an idiot.
Everyone please join Ron Paul's effort to Audit the Fed, this tyranny must end.
I recommend everybody to read this interview with Catherine Austin Fitts and the german Site Chaostheorien.
http://www.chaostheorien.de/interviews/-/asset_publisher/rAD9/content/be...
Excerpt:
Okay Ms. Fitts: in your highly impressive e-book “Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits” you mention as a prime factor that governs our lives on planet earth for roughly the last 500 years “the central banking-warfare investment model.” Can you describe to us at the beginning of this interview some of the essential characteristics, rationales and goals of that “model”?
“The central banking-warfare investment model” is really a control model, through which a small group of people can control the most resources on the most profitable basis. Essentially what happens is: Central banks print money and then the military makes sure that other parties accept it and that the financial system continues to have liquidity. The question many people ask with regards to a fiat currency, which is a paper currency, is: Why would anybody take paper, which has no value? They take the paper, because it’s part of the enforcement and military supervision, if you will, of the network that is printing the money. The system has created a fantastically profitable way of controlling large populations and access to resources very cheaply.
Let’s say for a second that Mr. Global is in charge of “the central banking-warfare investment model”: Mr. Global prints money and then people take that paper and give him in essence what he needs to buy up and control the national resources. The population is dependent on his paper and then he controls all the real things. Also through the military, he can steal whatever he wants. And organized crime is a very important component as well, because it can be expansive to drop an army and to occupy a place. If he can take over a place and buy that place with the place’s own money, it’s much more efficient, and that’s where the drug business traditionally comes in. It’s basically part of a model for controlling a territory with huge resources in the cheapest way possible........
Catherine Austin Fitts is the (wo)man.
"And organized crime is a very important component as well, because it can be expansive to drop an army and to occupy a place. If he can take over a place and buy that place with the place’s own money, it’s much more efficient, and that’s where the drug business traditionally comes in. It’s basically part of a model for controlling a territory with huge resources in the cheapest way possible........"
Parking a few ships with cannon on them outside the coast of china and unloadng several tons of opium was the start of the war against china by UK. Any kind of social unrest will be met with massive shipments of pot, opiates, ecstasy, oxycontin, you name it. Go against government and they'll drug you. Period. A war on drugs is code for a war with drugs.
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