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New Fed Monetary Stimulus Program
From The Daily Capitalist
After writing my "Inflation, Deflation, or Hyperinflation?" article, I concluded that inflation was the likely outcome based on the Fed's ability to flood the economy with money through Open Market Operations. Perhaps by buying commercial real estate debt from banks or by buying more Treasury paper the Fed could overcome the bank liquidity crunch.
Apparently I missed a major weapon in the Fed's arsenal: actual distributions of cash to individuals like me. Here is a recent email I received announcing this overlooked quantitative easing method:
ATTENTION: CONTRACT FUND CREDIT FROM BANK FEDERAL RESERVE BOARD
We received an instructional letter to credit $10.5million to your account.
We wish to let you know that all charges are waived for the success of this contract fund to be credited into your account.
Your respond is required to enable us credit your account without any further delay and you are also required to get back to us with the reconfirmation of your banking particulars for we to know if what we have in file is correct and to avoid crediting your funds to wrong account.
CONGRATULATION TO YOUR CONTRACT FUND.
Please be fast on this matter. Thanks and God bless you.
Regards,
Miller Shirley
Note: You are to contact Ben S. Bernanke Chairman Federal Reserve Board with official email address: ben_bernanke101@yahoo.com.hk
I hope you get your letter soon.
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'All your bases are belong to us!'
hey, we have a match!!
I just signed up for the Obamas Civilian Expeditionary Force . You get badges , neat brown shirts and shorts , black ties , patent leather black boots , and a free I-phone to take select pictures with . Plus military pay and 20 yrs to pension time . Man I got it made now. Thanks B.O.!!
This is disrimination at its highest level!
What about all those "cash only" workers that don't pay taxes and don't have bank accounts...
Obama and Ben...how dare you!
When I heard the check was in the mail I rejoiced.
Then I heard it was direct deposited, even better.
The air leaked out when as a small businessman that creates wealth, I was exempted.
When are we going to learn?
Time to go back to university, until they burn.
Kudos to those who saw the obvious. To those who didn't, get a life. ;)
Well when you look at it that way, QE sounds pretty sweet.
the grammar and such, including the name? Miller Shirley. So is this the famous Nigerian bank prospectus, dear sir you are rich, just send up a few hundred bucks so we can email you millions?
This form of QE is not new. It really happened here in Australia, except my account was only credited with $900.
Obviously I was scammed, where's the other $10.4991 million?
Yeh. That was Kevin doing his bit for the Chinese economy and the breweries. I'm still waiting for my $900. Now that he's gone, I guess I won't get it.
Yeh. That was Kevin doing his bit for the Chinese economyand the breweries. I'm still waiting for my $900. Now that he's gone, I guess I won't get it.
http://www.newyorker.com/archive/2006/05/15/060515fa_fact?currentPage=all
Everyday 24/7.
However, they have a success rate that is about 2x better than other legitimate direct marketing offers. So more and more join in on the fun. Amazing and sad at the same time. Especially since there are more desperate people now than there were 2 years ago.
I generally respond to them with a picture that I keep on my computer of a Nigerian gentleman with a bullet through his head lying in a large pool of blood.
I dislike scammers.
Don't laugh. In this reductio world, it is destined to become reality.
"So let it be written. So let it be done."
Yul Brynner is proud of you.
I believe that letter emanated from the White House
i believe the white house emanated from the letter
I just can't take it anymore.
http://www.businessinsider.com/busted-the-economist-photoshops-obama-to-...
SeeYa
No, no, no, no, no......
Both photos are real, taken moments apart.
In the one where he's alone, the two reporters he was with were arrested for being too close to 'slick stuff' and whisked away to Gitmo for a non-expeditable imprisonment without charge, writ of habeas corpus, access to attorney or procedure of redress.
The local reporter's union is pursuing monetary arbitration...should cleared up in no time at all ;-)
If the Government weally wanna inflate the USA, every bank account would be inflated by 10.5 mil. The only problem left is about 300 million suspicious Citizens calling in to wonder if there is a problem at the banks.
HAH.
We recieved a letter that was beautiful and buried in all that beauty is one single sentence. Should you begin the award claims process a fee of 5% shall be remitted without delay to expedite your winnings.
BULL.
What's next? I must wonder what is next? What words or combination of such words as availible in the English Language is it going to take to move a mountain as embodied in a unemployed, out of skills, uneducated and soon to be disconnected starving lout with a bunch of kids to feed and creditors to appease.
I guess if one shook the apple tree long enough, one will fall out ready to take a bite on such a email as this.
If you like the Nigerian scams, check out this site and have fun.
http://www.419eater.com/
Oh, what a hoot! Wish I had the extra time. Now back to my passion: ZH.
The Fed has been offshored to Nigeria?
http://www.youtube.com/watch?v=iL0Qt7IF8Q4
I cashed in several million dollar windfalls from some incredibly helpful lawyers in Nigeria. Just send you bank info and magic happens. And Mom said there's no such thing as free money.
Thanks for the email address!
ah the e-mail address ends in hk....Ben is in fucking Hong Kong!!!!! I knew that bastard was a manchurian candidate!
Socialist
Cash
Administered
Medicinally
open wide and say Ahhhh!
ugh lets cry about the socialists....
That bulge you see in the writer's face is of course a very large tongue in cheek. So that bulge in your pants at the prospect of receiving $10.5 million better settle down. Have an iced tea - and spill some in your lap.
Dear Idiot,
The 10 million will be wired into your account after you pay a small service fee of 5000$ which also enables us to verify the account.
greetings,
The Nigerian Con Artist.
If I received 10 emails, that means they're going to credit my account $105 million, right?
I guess I better "be fast on this matter".
http://www.aboutscam.co.cc/2010/03/contract-fund-credit-from-bank-federa...
Seems like a scam to me.
We have Colombo in our midst. All hail.
That's nice work there, Catullus.
Really, Doctor? Really?
Reads more like a Nigerian Scam letter, than a serious QE2 effort... LOL
and therein lies its genius!
Zimbabwe Ben, indeed.
Give us a time frame for your conclusion. I too think the same will eventually transpire and I'll adjust my finances accordingly. Until then, I'm aligned for full blown deflation.
As I've stated before, there are two weapons ready to deal with the Fed's arsenal.
The new age revolution will arrive in the form of a non violent mass debt default attack on the banks, state and federal governments. Let's see them get out of this one.
Long live the new age revolution! I believe it is our most potent weapon. If everyone took their money out of the vampire squid system, it would collapse very quickly. I believe it is slowly happening already. More people become aware of it every day.