Fed Releases Final POMO Schedule: $60 Billion And Scene

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Fri, 06/10/2011 - 15:33 | 1358975 TruthInSunshine
TruthInSunshine's picture

QE2 so fine

Risk never felt so sublime

QE3 be thine?

It's not like the insiders are wondering if QE3 or a similar program (that will further wreck the real economy) will be summoned or whether it will even bring similar delicious fruit to TBTF & Fraud Street.

If the answer is no to either question, they'll do just as fine on the flip trade.

It's good to be in the good graces of the king.


Fri, 06/10/2011 - 15:48 | 1359187 HelluvaEngineer
HelluvaEngineer's picture


...and * flush *

Fri, 06/10/2011 - 15:11 | 1358990 etrader
etrader's picture

Waiting for Advisory Notice out of cme with "current exchange  order issues"

Fri, 06/10/2011 - 15:07 | 1359001 spartan117
spartan117's picture

Who's going to subsized the Federal government now that the Fed is done?  Can any deflationist tell me where we will get an extra $600 billion per year to cover our deficit spending?  China?  Japan?  Germany?  Pee Wee Herman?

Fri, 06/10/2011 - 15:13 | 1359010 Dr. No
Dr. No's picture

Once they've purged the federal pension fund, I am not sure where what they eat next.

Fri, 06/10/2011 - 15:12 | 1359033 LawsofPhysics
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401ks and any fixed rate investments, then price fixes and limits on withdrawal.  Funny thing is, even thought the paper will be worthless, you won't see much of it around.

Fri, 06/10/2011 - 15:13 | 1359011 SheepDog-One
SheepDog-One's picture

$600 billion isnt that just barely enough to make the interest payments?

Fri, 06/10/2011 - 15:15 | 1359048 spartan117
spartan117's picture

Wow, $1.6 trillion deficit planned for 2012.


$275 billion in interest payments. 

Let's triple interest rates and really get this party started. 

Fri, 06/10/2011 - 15:32 | 1359139 TruthInSunshine
TruthInSunshine's picture

15 trillion in 'official' US Government debt that we're all paying interest on.

Good luck when the yield curve reverts to anything close to historic averages (and it will).

We're paying more in interest on the national debt now than the total amount that constituted the national debt in 1984.

Hey, 1984, that was a great novel!

Fri, 06/10/2011 - 16:19 | 1359321 camaro68ss
camaro68ss's picture

I belive, if my math is correct, we are looking at 25% of the federal deficit is intrest alown! Mostly short term bonds. SWEETNESS!

Fri, 06/10/2011 - 15:14 | 1359021 LawsofPhysics
LawsofPhysics's picture

Where?  why from everyone who lives in America, does business in America, banks in America and pays any sort of tax in America, although I expect it to be less organized than the collapse of the soviet union.  With some good old financial repression mixed in for good measure, government paper will be the only thing anyone will be "allowed" to invest in.

Hedge accordingly. 

Fri, 06/10/2011 - 15:21 | 1359075 John McCloy
John McCloy's picture

The banks if the get 2% reserve shakedown. Still without QE not happening which is why a controlled meltdown and more QE at the end of the year.
QE forever..check
0% rates forever...check
Fairytale accounting forever..check

American ponzi economy in a nutshell up until an event occurs that no amount of printing can overcome than all of the above just made the pain 2000 xs worse. Welcome to Foodstampistan.

Fri, 06/10/2011 - 15:43 | 1359168 JFK.4PREZ
JFK.4PREZ's picture

Luckily we will never run out of food... thanks to all the Americans playing farmville.

Fri, 06/10/2011 - 15:43 | 1359182 SheepDog-One
SheepDog-One's picture

Quite ironic how all the Facebook Farmville farmers will soon be starving to death because no way could they even grow an actual tomato in their back yard.

Fri, 06/10/2011 - 15:55 | 1359226 JFK.4PREZ
JFK.4PREZ's picture

and remember if they go for yours, dont forget to give them dessert too!... McFlurry of bulletz

Fri, 06/10/2011 - 18:22 | 1359791 jaffi
jaffi's picture

I heard those a pretty good...

Fri, 06/10/2011 - 15:57 | 1359223 John McCloy
John McCloy's picture

It is the complete retardation of our culture. Fake food for a fake economy and millions of wasted hours that could be applied to actually learning. Nice name by the way.

Fri, 06/10/2011 - 15:08 | 1359006 SheepDog-One
SheepDog-One's picture

Crackhead Mr Market just smoked his last bowl and already in panic withdrawals...better get the rubber tarps and puke buckes NOW!

Fri, 06/10/2011 - 15:14 | 1359018 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Good bye POMO, Good bye POMO, Good bye POMO, we hate to see you go ....

Fri, 06/10/2011 - 15:12 | 1359034 SheepDog-One
SheepDog-One's picture

I dont mind seeing POMO go, its about as welcome around here as cousin Eddy's 4 month Christmas visit.

Fri, 06/10/2011 - 15:15 | 1359045 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

I was thinking of the song we sang as kids when the opposing team lost. An emphatically obnoxious send off.

Fri, 06/10/2011 - 15:29 | 1359098 John McCloy
John McCloy's picture

Shitter is full.

Fri, 06/10/2011 - 15:11 | 1359030 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

If I were a computer, would I be buying or selling here? Guess I'd be buying.

Fri, 06/10/2011 - 15:13 | 1359036 SheepDog-One
SheepDog-One's picture

Buying with what, bitcoins?

Fri, 06/10/2011 - 15:20 | 1359055 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

I don't know what they're buying with but they sure are buying dip here. Since I'm not a computer, I can only guess.

Excuse me while I go and vomit.

Fri, 06/10/2011 - 15:19 | 1359062 fuu
fuu's picture

Bitcoin is such a scam. Here let's invent a currency that is totally dependant on 2 utilities.

Fri, 06/10/2011 - 15:15 | 1359031 JollyRoger
JollyRoger's picture

End of QE, Spotlight on Debt Ceiling, Eurozone sovereign crisis, Mid East Uprisings, Japanese Nuclear Disaster...........This summer is lining up to be a tipping point.  Me thinks there is room for another black swan before it's all said and done with.

Fri, 06/10/2011 - 15:20 | 1359053 JW n FL
JW n FL's picture

everyone ready?


everyone got their shit together?


Clear of the Market?


Cash on hand for buying distress?


Good Luck!

Fri, 06/10/2011 - 15:19 | 1359063 carbonmutant
carbonmutant's picture

The POMO is dead, Long live the POMO...

Fri, 06/10/2011 - 15:59 | 1359175 TruthInSunshine
TruthInSunshine's picture

POMO used to rule the world
Markets rose when it gave the word
Now in the morning traders sleep alone
Sweep the streets they used to own


One minute Bernank held the key
Next the walls were closed on him
And he discovered that Keynes castle stands
Upon pillars of salt and pillars of sand


For some reason Hayek can explain
Once you go Keynes there was never
Never an honest word
And that was when POMO ruled the world



Revolutionaries wait
For Dudley's head on a silver plate
Just a QE'eefing puppet on a lonely string
Oh who would ever want to be King?

Fri, 06/10/2011 - 15:23 | 1359065 Miles Kendig
Miles Kendig's picture

Why all the fuss over fiscal consolidation?  The US can just follow the UK and have fiscal consolidation to go with monetary easing.  No wonder this mechanism is the favorite of politicians & economists of nearly all stripes from socialists to ardent fiscal hawks.  Just look at Prime Ministers Cameron & Brown, or any other OECD nations "leadership" for guidance.

Fri, 06/10/2011 - 15:28 | 1359093 LawsofPhysics
LawsofPhysics's picture

Well, maybe, but not so much with the russian and asian overlords that ignore human rights and simply take what they need from their people.  Yikes, that doesn't sound any better.

Fri, 06/10/2011 - 15:19 | 1359069 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

I would probably be happier if Groupon was good for Cheaperthandirt.

Fri, 06/10/2011 - 15:20 | 1359072 mynhair
mynhair's picture

Just die, you pig Market!

Fri, 06/10/2011 - 15:24 | 1359087 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Even Charlton Heston couldn't handle a zombie like this.

Fri, 06/10/2011 - 15:28 | 1359094 johngaltfla
johngaltfla's picture

An homage to Dandy Don Meredith is in order.....


Turn out the lights the party's over they say that all good things must end
Let's call it a night the party's over and tomorrow starts the same old thing again

What a crazy crazy party never seen so many people
Laughin' dancin' look at you you're havin' fun
But look at me I'm almost cryin' but that don't keep your love from dyin'
Misery cause for me the party's over

Turn out the lights...

Once I had a love undyin' I didn't keep it, wasn't tryin'
Life for me was just one party and then another
Broke her heart so many times had to have my party wine
But one night she said sweetheart the party's over

Turn out the lights...

Fri, 06/10/2011 - 15:31 | 1359113 r101958
r101958's picture

Stretching it out into mid-July.

Fri, 06/10/2011 - 15:38 | 1359148 sbenard
sbenard's picture

Thanks for pointing that out. I hadn't noticed. Goes to show how honest they are when they don't even keep their word about ending by June.

Fri, 06/10/2011 - 15:30 | 1359130 sbenard
sbenard's picture

And now, for our final act, our daily POMO Pollyanna Party courtesy of about $6 billion of economic heroin injected daily by the Fed.

Go back to sleep, sheeple! Who cares about jobs? We have PRINTED prosperity now!

Fri, 06/10/2011 - 15:34 | 1359147 mynhair
mynhair's picture

Roach Motel needs to break that repeller field on the mid Bol.

Fri, 06/10/2011 - 15:41 | 1359173 YHC-FTSE
YHC-FTSE's picture


Many thanks.

Fri, 06/10/2011 - 15:46 | 1359192 wombats
wombats's picture

So does Ben also get a subscriptions to a few internet Porn sites too with all of that spending?

Fri, 06/10/2011 - 15:52 | 1359209 unununium
unununium's picture

This has got to be the most telegraphed market crash ever.

Plausible deniability when TSHTF.  "You had 2 years to move your 401k to the 'stable value' fund!"

[Of course that's stable in terms of FRN's only].

Fri, 06/10/2011 - 15:56 | 1359232 GOSPLAN HERO
GOSPLAN HERO's picture

Bitch coins, bitchez!

Fri, 06/10/2011 - 15:57 | 1359233 YesWeKahn
YesWeKahn's picture

The next thing from the criminal FED would be HOMO

Healthy Orgasm monetary operation.

Fri, 06/10/2011 - 16:13 | 1359308 buzzsaw99
buzzsaw99's picture

the bernank ain't gonna meddle in the bond market with his pomo nomo. Yeah, right, whatever.

Fri, 06/10/2011 - 16:41 | 1359417 ThoughtCriminal
ThoughtCriminal's picture

"Sue the Fed

To: a) obtain revocation of the Federal Reserve’s charter; b) recover all paid in interest and other monies due for all living US Persons, companies and governmental bodies which were inappropriately obtained by the FRS; c) eliminate all Federal, State and Municipal Debts to the FRS, and d) obtain punitive damages for the payment of: 1) court costs and attorneys fees; 2) contingency fees for network litigators, and 3) pro rata distributions of the proceeds to the American Citizenry based on their loan history for the total years as are allowed by statute.


"Can we retroactively sue Congress for creating the Fed. That too is breach of contract, theft, fraud, misrepresentation, accepting bribes for personal gain, conflict of interest, passing important legislation in secret...

"Top 20 Potential Civil Causes of Action:Breach of Fiduciary Duty
Breach of Contract
Conducting a Ponzi Scheme
Tortuous Interference
Unlawful seizure of Account holders funds
Accounting malpractice
Fraud in the Inducement
Banking Fraud
Consumer Protection Fraud Detrimental Reliance
Gross Negligence
Unjust Enrichment
Failure to Perform
Deceptive Business Practices
Willful Infliction of Emotional Distress
Against Public Policy
Securities Fraud"


Fri, 06/10/2011 - 21:27 | 1360279 honestann
honestann's picture

I had a horrible nightmare.  Actually, it wasn't horrible until I woke up and realized what it meant.  Hahaha.

What was it?  That the ONLY reason the FederalReserve said "no more QE after QE2" was because they would not authorize increasing the federal debt above the congressionally mandated "debt limit".

Which means, the moment congress raises the limit by $2,500,000,000,000 or thereabouts, QE3 shall officially begin.

Gads... is that possible?

Fri, 06/10/2011 - 23:13 | 1360472 nathan1234
nathan1234's picture

To me there is some other game up their *( Ben & gang) sleeves.

IMHO some unexpected ( by the public) events are to change the entire landscape in the financial world.

There is no way that these ( Ben & gang) smartasses did not  know what would be the result of their policies and their criminal nexus with Wall Street and what would happen when their derivative bombs struck.

When is QE3, Fed meeting 22/23 June, Aug 2nd debt ceiling date etc are dates put into one's minds as a diversion.



Sat, 06/11/2011 - 00:26 | 1360581 Atomizer
Atomizer's picture

Federal Reserve table scrapes before the planned televised US media crisis begins.

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