Fed Pretends It Is Preparing To Soak Up Excess Reserves, Even As Currency Swaps Are Sure To Add About $500 Billion To Fed's Assets

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Mon, 05/10/2010 - 17:34 | 342123 The Rock
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Mon, 05/10/2010 - 18:46 | 342255 B9K9
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First everyone griped about the green shoot propaganda (lies), fraudulent behavior and outright illegal activity. Now, with the criminal enterprise unmasked and the power-elite operating in broad daylight without any hint of embarrassment, everyone seems to ... still be unhappy.

Well, I for one am glad the tide has been breached. To be honest, the waiting game was beginning to try my patience. Nobody enjoys uncertainty; it's usually best just to get on with things.

So now we know - not that it was any surprise. Perhaps this date will be remembered along with 9/1/39 or 12/7/42. The gauntlet has been thrown down and there's no going back.

Mon, 05/10/2010 - 19:17 | 342311 ghostfaceinvestah
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No doubt, this weekend was the beginning of the endgame.

Mon, 05/10/2010 - 20:03 | 342424 dark pools of soros
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bail out one currency with another... while destroying them both

a true Greek tragedy 

Mon, 05/10/2010 - 21:57 | 342622 Popo
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I wish you were right. But I have plenty well educated, successful friends who don't have the faintest idea what's going on.

They think "Goldman is bad"...but they're not 100% clear on why.

If I rant about the Fed, they immediately think I've gone tinfoil-hat on them.

Mon, 05/10/2010 - 23:25 | 342733 Crab Cake
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Honestly Popo, I don't expect the majority to understand why they are living like animals, burning once hallowed now fatally corrupt institutions and buildings, and stringing up anyone in a suit when the time comes.  I doubt anyone will understand a few hundred years from now, when they try to explain it in History books either.  Madness knows no reason.

There is a word for what is happening, insanity, and a word for what is coming, chaos.

TPTB think they can control and mold the coming chaos, but they will find out otherwise as chaos is bound by no hand or mind of man; there is no predicting the unpredictable.

Rise Fenrir, your time approaches....

It sates itself on the life-blood
of fated men,
paints red the powers' homes
with crimson gore.
Black become the sun's beams
in the summers that follow,
weathers all treacherous.
Do you still seek to know? And what?
Brothers will fight
and kill each other,
sisters' children
will defile kinship.
It is harsh in the world,
whoredom rife
—an axe age, a sword age (and the sun rises)
—shields are riven—
a wind age, a wolf age—
before the world goes headlong.
No man will have
mercy on another
- Völuspá
Tue, 05/11/2010 - 02:31 | 342892 merehuman
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Euro @1.2701  on a downward trend  11:31pm  Pacific time

Tue, 05/11/2010 - 01:15 | 342847 JethroBodien
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Whats the end game here...  If I didn't know better this looks like a take down of Europe with surgical precision.  Europe has become a debt slave to its lending overlords.  And who are these overlords you may ask?  Well the ECB and US Federal Resereve of course which are simply banking cartels.  The question everyone should be asking is what is the end game of these cartels?  I fear more sinister motives are behind these financial machinations.

Acoms Razor says that : 'the simplest answer is usually the right answer'

I think we dismiss this as a possibility because of the sheer audacity and magnitude of the deception. I would argue its all very clear.

Tue, 05/11/2010 - 01:59 | 342876 Rusty Shorts
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The real Nuclear Option = reset gold to $30,000 an ounce.


Problem solved.



Tue, 05/11/2010 - 05:19 | 342973 i.knoknot
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i was kind of surprised at how flat gold was today in light of the current events, and today's market hop...

clearly the correlation between the dow and gold was stressed this week - gold jumped on the mini-crash, and today it was flat on the pop.

i dunno about 30K, but barring manipulation... the direction sounds right. heh.

(rs, sorry about the interchange a few weeks back. i re-read and felt like an ass... cheers)

Tue, 05/11/2010 - 08:56 | 343183 Rusty Shorts
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Hey, no problem, I was drowning in beer that particular night...making stupid post, it was me being an ass, not you.

Mon, 05/10/2010 - 17:33 | 342124 USCDoctor
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Man... I didn't even get a reach-around. WTF?

Mon, 05/10/2010 - 18:32 | 342231 The Rock
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Satan: How tall are you private?
Lloyd: Sir! Five foot six, sir!
Satan: Five foot six? I didn't know they stacked shit that high! You tryin' to squeeze an inch in on me somewhere, huh?
Lloyd: Sir! No Sir!
Satan: Bullshit. It looks to me like the best part of you ran down the crack of your momma's ass and ended up as a brown stain on the mattress! I think you been cheated! Where in the hell are you from anyway, private?!
Lloyd: Sir! New York, Sir!
Satan: Holy dog shit! New York? Only steers and queers come from New York, Private Lloyd. And you don't look much like a steer to me so that kinda narrows it down. Do you suck dicks?!
Lloyd: Sir! No Sir!
Satan: Are you a peter puffer?!
Lloyd: Sir! No Sir!
Satan: I'll bet you're the kinda guy that would fuck a person in the ass and not even have the goddamn common courtesy to give him a reach-around! I'll be watching you!

Mon, 05/10/2010 - 18:36 | 342237 Rainman
Rainman's picture

uh, Full Metal Jacket I thinks. Funnier than shit. Thanx for the laff, Rock.

Mon, 05/10/2010 - 17:34 | 342127 Ned Zeppelin
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Ha, ha.

Oh, wait. The joke's on us.

Mon, 05/10/2010 - 17:35 | 342128 Mr Lennon Hendrix
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Why do I always get the picture of BS with a pitchfork, a pile of Doelarrs, and a bonfire in my head any time he has a plan?

Mon, 05/10/2010 - 17:35 | 342129 Cheeky Bastard
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Mon, 05/10/2010 - 17:44 | 342148 Mitchman
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Mon, 05/10/2010 - 20:32 | 342483 tip e. canoe
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where's mr. creasote?

Mon, 05/10/2010 - 20:35 | 342487 MountainHawk
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Love it

Tue, 05/11/2010 - 00:03 | 342785 dumpster
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what comes out the end

Dear Friends,

So many unprecedented events have occurred that even we are getting hardened to the economically absurd.

The Western world was once again on the brink of a financial collapse last evening. If it wasn’t, you can be assured that the Fed would not have ponied up swaps as large as they have.

The reason I discuss this tonight is to drive home the realization that the Western world is financially crippled with band-aids now amounting in the trillions.

I can only imagine what size offering of euros took it down from over $1.30 to the present $1.2887. You pledge almost $1 trillion to do all necessary to support the euro, and it fails to take the prize on the day of initiation.

"Pretend" comes at an ever increasing price. This time it was $200 billion more than TARP.

"Extend" becomes less and less effective.

Be very careful as this last save has not yet occurred.

Jim sinclair

Mon, 05/10/2010 - 17:36 | 342132 naiverealist
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More auctions?  More debt?  Just what classifies as a small-value TDF?  Less than a trillion dollars?  And me without my KY.

Mon, 05/10/2010 - 20:09 | 342435 Cognitive Dissonance
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When, not if, we run out of K-Y, it's best to know in advance acceptable substitute .........er........ lubricants one can use in an emergency. Of course, Vaseline is always a fine substitute when the going gets ......um...... rough.

My favorite is land-o-lakes butter (not margarine) in the one pound package. Once you've been .....er..... buttered up, any remaining land-o-lakes can be used for the pancakes the next morning, assuming there was a sleep over. 

Mon, 05/10/2010 - 20:39 | 342492 ColonelCooper
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May I suggest the unsalted?

Mon, 05/10/2010 - 21:26 | 342573 Cognitive Dissonance
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Sounds like a man of experience, as we all are, or soon will be.

Mon, 05/10/2010 - 22:34 | 342677 Howard_Beale
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Check out the Zazzle store for great Euro Bailout items from William Banzai. It all goes to benefit ZH, with your continued support.


Several new shirts...will add more in the next few days. Keep checking it out! Even if you are just window shopping it's good for a laugh...

Mon, 05/10/2010 - 20:42 | 342501 Papasmurf
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Olive oil is superior for Greek.

Tue, 05/11/2010 - 01:51 | 342869 Rusty Shorts
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 WHAT, Olive oil is for cooking???

Mon, 05/10/2010 - 23:52 | 342774 Joe Sixpack
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That is ummm..., bloody funny!

Mon, 05/10/2010 - 17:36 | 342133 buzzsaw99
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I wouldn't buy a used car from Bernanke so I damn sure ain't gonna buy any junk bonds from hizass.

Mon, 05/10/2010 - 17:39 | 342138 ghostfaceinvestah
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Why bother with the charade?  Just start buying MBS again, there are 3.5T worth that he doesn't own.

Mon, 05/10/2010 - 17:41 | 342142 DaveyJones
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All good dogs go to heaven
All good taxpayers go to hell

Mon, 05/10/2010 - 17:42 | 342145 USCDoctor
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No joking... when is this shit going to end? I sold half of my BRKb today and am about 1% up from the march lows. I'm done. The rest is short positions and cash. Is the NWO the next thing to happen? How is this good news?

Mon, 05/10/2010 - 17:49 | 342158 Fraud-Esq
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I sold mine too. After years of thinking he was so very different, I just didn't like his excuse in the shareholder letter that he reviews "every derivative personally". He's TOO OLD to be saying that shit to me making those kinds of insurance bets. It may pan out for him, but he definitely changed the buffett brand overnight, didn't he.

Mon, 05/10/2010 - 17:57 | 342171 whatsinaname
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Buffett bought most of his holdings in and around 1974 (around the OPEC embargo) and equities were in very bad shape. Then in 1982 the 401k programs started and sheeple started pouring buckets of cash into equities. Things got worse in 1993 as banks were allowed to join the equity party via a repeal of Glass Steagall.

All of the above certainly made Buffett look like a genius. To his credit he held onto a lot of his long term holdings and never tried to bet against the market (and hordes of sheeple). If and ever sheeple catch onto this charade watch out equity markets (with or without the shenanighans of the powers-that-be)

Mon, 05/10/2010 - 18:02 | 342182 Cheeky Bastard
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Mon, 05/10/2010 - 18:19 | 342206 Rainman
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Reminds me that Bubba really had to sell the farm to avoid Senate conviction for that pesky Monica blow job business. He signs off on the G-S massacre, then wheels right into signing CFMA 2000 on his way out the WH door. Now the asshole walks around like a benevolent world diplomat.

Mon, 05/10/2010 - 19:05 | 342293 A Nanny Moose
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saying, " I didn't know better" and attempting to apologize.

Mon, 05/10/2010 - 20:40 | 342496 MountainHawk
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It now all seems so crystal clear...

Tue, 05/11/2010 - 08:55 | 343182 fallst
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+1,000,000  ..  But Goldman is providing him with a son-in-law.

Tue, 05/11/2010 - 08:57 | 343186 fallst
fallst's picture

+1,000,000  ..  But Goldman is providing him with a son-in-law.


Replying to Rainman....fix this please

Mon, 05/10/2010 - 19:08 | 342299 Common_Cents22
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Will there be any investigation into Buffet selling his Moody's shares, what, a day after Moody's received their Wells notice?  Something that wasnt publicly disclosed until today?

Buffet should be up for best actor for the role of "America's jolly investing grandpa".   He is a corrupt insider.



Mon, 05/10/2010 - 20:45 | 342507 MountainHawk
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Buffets next book should be titled "The Warren Buffet Way...Memoirs of the World's Whealthiest Prisoner"

Mon, 05/10/2010 - 21:37 | 342595 SteveNYC
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That's what you get for pretending the danger's not real.
Meek and obedient you follow the leader
Down well trodden corridors into the valley of steel.
What a surprise!
A look of terminal shock in your eyes.
Now things are really what they seem.
No, this is not a bad dream.


Pink Floyd - Sheep

Mon, 05/10/2010 - 18:00 | 342180 ghostfaceinvestah
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NWO is the plan - one world government coming your way.  This weekend was a big step in that direction.

Mon, 05/10/2010 - 18:06 | 342186 Mr Lennon Hendrix
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This is the New World.

Mon, 05/10/2010 - 22:35 | 342680 Howard_Beale
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I think the power is going to shift from the West to the East in the next 5 years...it's a cycle thing. And we are certainly doing every idiotic thing we can to make it happen.

Mon, 05/10/2010 - 23:05 | 342713 Mr Lennon Hendrix
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In terms that the West has to now leave its Ivory Tower and live in the third world, and that the new living standards of the East will be on parity to the West, I would agree that the East comes out ahead.  In real terms, I think we are all out of luck; East and West.

We are doing everything we can to dig deeper into idiocracy, agreed.

With that in mind, I have been scoping the store for my soon to be had birthday!  I am going to ride into the New World Order in style!

Tue, 05/11/2010 - 03:36 | 342926 AnAnonymous
AnAnonymous's picture

Surprising. We can witness continued statements that power relies in the Western part of the world. Still people keep thinking of a power shift to the East?


How will this shift in power happen?

Mon, 05/10/2010 - 17:43 | 342146 Thoreau
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"Who's on first?"

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