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off topic, Saudi demos underway:
lol just wait for another no fly zone.. no really.. well maybe no? Never mind
The Arab kings must feel pretty stupid endorsing the tradition of the 'Friday Prayers' what better people gathering ocation can you get where all reason goes bye bye and emotions can spread like a wild fire, they can't ban it they cant use police to disperce the crown every friday they are between a mosque and a hard place
according to cnbc the saudis are providing more funding for the religious police. probably friday prayers on their mind
i posted on Marketwatch to skip the spin and git over to ZH for the truth...and Harry Wanger responded "ZH are doomers etc". I said he was a well known shill...5 minutes later my comment was deleted...Is he a wheel at MW or something?
Can I get a coffee pot with my ass raping?
yep. they'll break it over your head when they're done raping you.
better start stretching now!
ponzi has a really big loaf!
this FED decision should lay to rest any sliver of doubt that may have remained about our status as a full blown Banana Republic.
Sure explains the last hour of trading yesterday, as them on the inside got to act prior to us lumpkins. Mary, dear, the boys would like some donuts brought in as soon as you can, ok hun?
Where is Elizabeth Warren's Consumer Financial Protection Bureau? Another effin brilliant idea (read waste of money).
Giethner and Bernanke did to her what Greenspan and Rubin did to Broksley Born.
She never stood a chance.
Now that is really funny. I do remember getting all kinds of gifts for opening High Yeild Savings accounts. My Mother and I would run from Bank to bank transfering money for the Gifts. Put in one take it out of another. Rince and repeat. We also made great interest. That must have been when Volker was the Fed head.
I would start a poll somewhere, for the general population, as to whether they'd support QE3, but they'd probably confuse it with a cruise ship or movie sequel.
And this is why The Bernank need not be worried, for he can literally run the table.
In the meantime, more hollow words:
03-18 11:09: EU's Juncker says inflation is the enemy, and need price stability
Can't afford to make a market negative decision. This cannot be a surprise to anyone.
It's no longer called corruption. Now it's called "Free Market Capitalism"
The hubris of not holding back the announcement until 4:59pm on a Friday is telling.
They are not fools. They know that in the grand ole USSA everyone has been distracted since the first round games tipped off yesterday afternoon.
As such, they could hold a press conference right now announcing that payroll taxes are going up effective immediately with all funds going directly into private accounts, and the only crying from the populace would be directed not at them, but at referees who make bad calls.
Got to have priorities you know.
When I hear FED, I'm reminded of the Boa in Jungle Book, Swaying, eyes mesmersing, softly singing "Trust in meeeeeee, trust in meeeeeeee"..
you're not the only one, symbol swami. the "world's greatest conspriacy theorist" has been hammering on asp-ness of the rothschild viperz for weeks, now!
here's the one and only R.D.Bradshaw, from goldSeek.com, this date:
The Goldsmiths, Part CLXXXV
enjoy, you old snake-charmer, you!
So how does the logic work now? The nation's money center banks are healthy enough to resume paying (larger) dividends due to vastly improved economic circumstances.
How does Bernank then justify QE^3? Is the dollar too high? Interest rates too high? Food and fuel prices too low? Foreign governments too stable? Are we that starved of liquidity?
I was thinking the same thing. How can he now justify more QE? One can only guess that corruption is at an all time high and Ben figures he can now do whatever he wants, screw the peasants bring on WWIII if they don't like it. I certainly don't see this as a "good" sign, but will always buy the rumor and sell this news as long as fraud remains the status quo.
Also my first thought. But will it matter? They would be able to ram QE3+ down everyones throats regardless. Or so it seems.
Central Banker Rule #1: (there's no need for rule #2)
Ample liquidity ensures peasants will occupy their time playing 'Angry Birds', watching 'American Idol' and tweeting their posse from newly acquired iPads rather than storming said bankers' primary residences armed with torches and pitchforks.
The point is, at the very least, to get people to pile into the notion of austerity... that QE will be withdrawn... whether you believe them is your business. [again, these people and they puppet masters make their money on the volatility and know everything ahead of time]. I personally think that the FED is temporarily screwed and needs to let off some commodity steam before ramping again. How many ramps it takes before people throw their hands up and toss the dollar is anyone's guess... presuming we even get a pullback.
Great thought Macho Man.
What the FED will probably do is to let QE2 die and let (or create) a market CRASH. Of course all of the Major Banks will know this and Short the Market. Then as you say let some of the steam out of the Oil market. Then everyone will cry for QE3. Banks will then cover their shorts and go long into the FED QE3 pump.
Just as Americans are celebrating the growth in their Brokerage Accounts they wipp the rug out from under them again. So, they will beg for QE3.
Makes a lot of sense.
damn! you are a smart wench! there are some primo women around who burned their bras decades ago and have great nipples, too!
Get real my fellow peasant! The Fed would only need to justify more QE in a democratic society. The need to justify monetary policy decisions that are charged to the taxpayers is really getting old in this day in age anyways. It was merely a formality back in the days when the public cared, and had a pair.
Rickards says the Fed has enough in maturing treasuries for 'QE to infinity' (do not believe QE winding down BS).
No worries... everything's rosie, but... interesting that the Fed will not release stress test data on these same 'healthy" banks... hmmmmm.
Ive spoken to Rickards about this. $750 Billion (Rickards number) a year is optimistic, and assuming that $1 Trillion in MBS holdings will paydown within 2 years of QEII ending. But using fed data as of March 9th I did get to $515 Billion the first year, followed by $565 and $590 the following two years, of maturing assets which the fed will use to purchase additional assets (then the maturing assets should drop by $200B and stay pretty constant). Again, that's assuming the MBS paydown rate is equal to that which happened from Aug 2010 to now (which I'm not sure is possible), and not accounting for interest, which no longer needs to be paid to Treasury but can be held by the Fed with an IOU (speculated to be about $90 B a year).
Flockit, time to start crushing those iodine pills, rolling up the beji's and clearing the nostrils for some bill bixby/peter parker moments!
Another one of those indirect market stimulus to get the ipad porn peasantry to buy into the market... Things are moving so, and like I'v said before Dr.B lost control over his experiment weeks ago, these are just desperate measures, similar to TEPCO using buckets of water to cool down FUKU - IB
aaaaaAAAARGH! I need more vaseline.
You can get Crisco with your food stamps/ration card. better bang for the buck so to speak.
Another attempt at propping up a failed system-- this should be a non-event as everyone knows these institutions are zombies that prey on the taxpayer. Anyone or pension fund that decides to up their stake or begin to invest in these ponzi's deserves to go down when the system finally fails.
Did BAC see this before release? Lots of 4-filings, especially that HCA Holdings Inc., what gives?
SunTrust hasn't paid back $4.8 Billion in TARP funds yet, how are they allowed to pay a dividend???
Regions is in that same boat and is still bleeding money. They owe several billions but now they are allowed to pay out higher dividends. Doesn't really matter how much the dividend is with Benny Bucks though since soon you will have to take a wheelbarrow full of them to buy your copy of Hustler.
"Peasantry is downloading porn on their iPad"
Any links Tyler? I like Old school Nina Hartley
So when are we likely to see some burnin' an' hangin' of these corrupt venal arsewipes?
This is insane.......the banks are corrupt and protected by a corrupt government. Our government is a failure in the first degree.........we have complete corruption now.
The criminal syndicate known as Wall Street is indeed running the table, looting the treasury, and destroying the nation.
Unless and until corrupt bankers are removed from the system, tax payer funds are returned to the treasury, large banks are broken up, and at least 100,000 folk from the financial services industry in NY, NY are released from their jobs, there is no chance of financial recovery from the Greater American Depression...as massive US debt looms.
Real capital [not Bernanke capital] cannot form in a banking system as corrupt as ours. It's really simple.
Egg management fee bitchez.
yield on Royal Bank of Canada 3.349 yield on JPM .444
Never fear...iPads will now be exported "with radiation" already included in the new bundle!
There's an app for that!!!!
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