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And please address him as, "Bitch".
I am Chumbawamba.
Unfortunately, the reality of the situation is, that the Bernanke calls the shots and is therefore the pimp daddy. It's the U.S. citizens and, their future generations, that are the Bernanke's bitches...
... sad but that's the reality, and the citizen's seem to like that little arrangement, 'cause they've done nothing to change it...
... now bend over, 'case the Bernanke's got plenty more pain to give.
I'll let you have my turn.
I noticed you have advertisements for Jim Cramer on your main page. That ass clown doesn't deserve to have advertising space on your main page. Could you please remove him.
If I'm not mistaken, just click on the cramer's page a couple of times and it costs cramer $$.
The ads aren't 'placed' by ZeroHedge, they're placed by Google -- and not everyone sees the same ads. The ads are based upon complex formulas that target your browsing habits.
Which explains why I see ads for Viagra and dating-sites with hot Russian chicks.
..but the above poster is correct. Click the ad a couple times. It'll cost Cramer money and give that cash to ZH.
+142 clicks haha ;)))
I'll state what I have before w/regards to the "Fed losses". When you can create your own money, with absolutely no one except yourself deciding how much you can create - how much you "lose" matters not a whit. They don't care. It actually just doesn't even matter how much the Fed "loses".
What matters (same cause, different effect) is the effect of the rising rates on the rest of the economy; i.e. higher borrowing costs and thus less spending. Personally I'm all for that. It's better for savers.
What this article says, is that those losses will now be a liability of the Treasury (hence, taxpayer). So, no, they don't care as it will not touch their $52 billion in capital. But to say it "just doesn't matter how much the fed loses" could be disputed by one or two of the 100 million or so taxpayers who are still here.
Bernank retorted during a Senate meeting the Fed "had never lost money" on, i think, giving cash (short term loans) to the banks backed by pristine assets as collateral. Bernank is a bwanker like it or not so these losses are a tragedy wether he likes it or not and good reason to at very least call into question the Feds competence...
...so is the 50/1 leverage, it makes a mockery of all regulation regards "systemic risk" and the entire credit crunch we've just been through! The law makers are ALWAYS the biggest law breakers (Systemic Anarchy)
The FED is not auditable, and as everything is based on confidence, no one will ever know that the FED is "bankrupt".
Permabear libertarians should really go long this market instead of perpetually dooming about how the FED is bankrupt. You are losing money, really.
The awful truth is that most anti-FED, silverbug paranoid libertarians who go to gun barbecues with their redneck friends are just plain jealous of the overwhelming economic and personal success of the men behind the Federal Reserve and the primary dealers. Success that they don't achieve in their Montana shacks and trailer parks.
You are the best! Keep the bullshit flowing. The Tops! Magnifico. No one bothers to check spelling here so kudos to you.
That is the most ignorant fucking thing I've ever heard anyone say. I hope you don't have kids or grandchildren.... fucking moron !
I have six magnificent kids, including a daughter.
She is currently pregnant.
Do you have any of them working at your stores, Hamy?
They do some part time job in our stores, indeed. My daughter is a better seller than my boys, though.
I've made sure to raise them into productive, America-loving patriotics, and taught them to wary of people who criticize government spending, our Army and the Federal Reserve Bank System. These people are often crazed lunatics.
Well Hamy, i am a crazed lunatic as well, but appreciate you thoughtful, cogent posts on this board even if I do not agree with them. Your daughter probably has beautiful blue eyes and the customers can't help themselves. Not only are you wise in politics and monetary policy, you have you business plan down to a pat! Peeing in my pants now due to laughter. Can't even type anymore. Have a beer or bong on me , Hamy!
"Please sir, may I have some more?" --Oliver Twist.
So, Hamy, will this be the first or second of your grandchildren that are also your children? Congrats either way, Grampa Daddy!
That's beautiful. Ever see "Chinatown" with Jack Nicholson?
Pregnant with you?
Pregnant by you, Hamy?
Well done Hamy! Still reeling em in!
Hamy, you pwn this board. Well done.
"..most anti-FED... are just plain jealous of the overwhelming economic and personal success of the men behind the Federal Reserve and the primary dealers."
That'll be the "success" of destroying 95% of the value of the US Dollar over 80 years? And the "success" of the Big Bwankers going bankrupt in 2007-09 requiring $Trillions of bailouts right? And you're 'A ok' that US citizens should be on the hook to prop up their bankrupt banking and systemic mortgage fraud that's left the property sector the biggest banking-Govt made joke in world history yes?
"The FED is not auditable, and as everything is based on confidence, no one will ever know that the FED is bankrupt".
For fuks sake you're not only incapable of seeing systemic failure you're actually approving of hiding the stink too!!! Who are you to call others lunatics you deranged blind fraud?
Yes, but on expectations of $100,000,000,000!
This is bullish!
Only 76 Cowboy's stadiums and not the full 100!
either privately owned banks, or the taxpayers - the Taxpayers always lose.
Burn the f**&ing Fed!
GREEN SHOOTS BITCHEZ!!!
Stock Market 15k FTW!!!!
Whew. At least it wasn't $78,814,152,246 and 11 cents.
i am crying.. laughing.. God Bless You and Yours! you drunk Russian fuck!
Griping the levers his knuckles went white with desire. The dollars exploding out of the press like a slug from a .45. TRUE DEATH. Four trillion horsepower of maximum performance piercing the night. This is Black Sunshine.
Hey it is ONLY $76 Billion - I mean c'mon folks - You KNOW da banksters on Wall Street REALLY appreciate being subsidized! How can this NOT be considered an act of treason? Dear Elena Kagan, please pick up the courtesy phone in the Supreme Court recreation hall & make a name for yourself - C'mon NO ONE would see that coming...OR Perhaps, Timmy G can call Switzerland & request that Hosni (aka Hoss) Mubarak (cite WB7-Facebook post) frozen assets be sent to the U.S. Treasury...Let's get CREATIVE folks...I know ZH community exceeds in that space!
TD: PLease correct the last Bernank quote...it has a typo in it
should be "at the appropriate time, the Federal Reserve will normalize its balance shit by selling these assets back into the market"
Does anyone know where I can line up to buy some of those Fed assets?
When the SHTF, all you will "own" is what you can carry in a knapsack from your crib.
Part of the FED's plausibility of purpose.
To move from a small T purchase program to stabilize rates at a level and environment when you can effectively tighten close to par, to one of massive MBS and T purchases is a colossal abuse of power.
We are in FED uncharted territory, so much so that the FED is a centralized hazard.
In the FED new role, what are the goals? Obvious, wealth transfer to the member banks, but how do we incorporate massive risk into the big plan? The FEDs actions are beyond reckless.
We ask ourselve how the FED will sell into the market place close to par on T's when they will be the majority buyer? At what point in time will the market be healthy enough to absorb this glut. Over what time frame?
On our present course, Treasury will need to sell massive amounts of debt, and then a tightening FED will also need to sell comperable US debt into the market place. What will generate this demand?
Legitimate T demand, on the surface, originates through trade deficits. But this imbalance, by its very nature, is unsustainable. In fixing this imbalance we can increae jobs, but we could reduce the pool of outside buyers.
So we look forward and try to formulate a possible fiscal and monetary solution given present policies, and ..... we find, nothing. There is no feasible "growth driven" plan that can reconcile the situation before crisis.
The discussion always degenerates to what will break first. Not sure what others are saying but, here is the general consensus.
A US sovereign bond crisis (possibly driven by a state muni crisis, or reaching world capacity for fiat based sovereign debt), followed by a USD currency crisis.
I am not paying this shit back. Who the hell do these people think they are anyway ! ? ......am sick to death of the whole lot ....... 100 years of nothing but trouble, false flags, fake terrorist attacks, getting us into WW I & WW II ...... because of the wonderful internet & my never-ending quest for knowledge, I know everything .......... I know who they are & what they've done & I'm sick of them ! REVOLUTION is in the air here in OHIO .
Bernanke had the gall to say that he expects to lose money on his Treasuries because interest rates are likely to rise as the economy gets sufficiently healed from the economic down turn. You see in his world his 1600 score on the SAT says he is always right. I'm sure we are seeing the final days unfold of the Fed. I'm just wondering what you think will be the final catalyst or event?
Complete loss of faith in the USD. Markets so distorted that true price discovery is not realized and we then see a complete collapse. It will move like lightning, this time any intervention will be meet with even more selling. When it is all over, we will have some new Global currency.
A special thanks goes out to Ben & the FED for helping facilitate the destruction of America.
Not sure of the event, but the final catalyst will most likely be a detonator.
fed charter expires 2013
he missed one question on his SAT's... he got a 1590.
See he has been wrong before, not very often but...lolz
I like all the recent talk of a "completely transparent FED" out of Ben on Cspan...
Hmmm what about this?
2 trillion, 3 trillion, 4 trillion, pffffft, mere pocket change.
Fed could buy ALL the toxic shit from ALL the zombie banks, paying full par, and just hold it forever, PLUS buy ALL the treasury debt as far as the eye can see.
Fed balance sheet will be 100 trillion, then 150 trillion, then 200 trillion, and keep right on going, holding interest rates at zero all the way.
Come to think of it, that's exactly what they plan on doing.
ding, ding, ding, we have a winner. Too bad market fundamentals and certain laws of thermodynamics and physics will make this impossible. Egypt waking up to the realization that they still must feed themselves and have only oil to sell. Now things might start to get interesting.
Ask yourself, do you have your own power, water, and sewage?
Get the "free money" while you can and turn it into real value assets now (i.e. hedge accordingly).
I blocked the title question to Ron Paul and forwarded it to his email address along with the ZH link. Hopefully he is pecking away with a respose as I write this.
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