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No, There Is Nothing Strange About The Surge In The Adjusted Monetary Base In The Past Two Weeks

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Fri, 07/15/2011 - 13:46 | 1460187 NOPOMO
NOPOMO's picture

Well...it went into the stock market.  FED rally pump was buying shares to kill the shorts.  Nothing worse than a government that colludes with WS to defraud the public.

Fri, 07/15/2011 - 14:06 | 1460253 hedgeless_horseman
hedgeless_horseman's picture

From the article:

...the chart which is 30% simple growth in annualised terms. That is obviously unsustainable… impressive perhaps… but unsustainable.

Makes me think of this:

Inflation is always and everywhere a monetary phenomenon. 
                                 —Milton Friedman

                                    September 16, 1970

Fri, 07/15/2011 - 14:06 | 1460260 Arius
Arius's picture

i am afraid the way they look at it they are protecting the public.

Sat, 07/16/2011 - 08:05 | 1461879 disabledvet
disabledvet's picture

more than likely it went into the black hole called "government" actually. with 40 cents on the dollar going towards the debt we now have "the legacy." simply put: "no government." time to see which of the various States in the Union are "swimming naked." Welcome to "naked political/economy."

Fri, 07/15/2011 - 13:47 | 1460192 Bartanist
Bartanist's picture

Could it have anything to do with the Treasury monetizing government pension funds?

Fri, 07/15/2011 - 14:16 | 1460289 ml8ml8
ml8ml8's picture


Fri, 07/15/2011 - 14:54 | 1460417 knukles
knukles's picture


What is sold in one account, (pension holdings of SLUGS (state and local nonmarketable government securities) raising cash is then offset by an expenditure of the cash so raised on the purchase of the marketable treasury debt. 

The two cash flows "sterilize" one another. 

Pass the KY jelly, please.

Fri, 07/15/2011 - 13:48 | 1460193 mt paul
mt paul's picture

"other assets"...



lotz of peas

Fri, 07/15/2011 - 13:56 | 1460197 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

That was the money used to pay the final payment to the creator of the Obama "Birth certificate" .pdf... a job well done. Flawless i tell y'all, worth every cent!

Fri, 07/15/2011 - 13:49 | 1460200 firstdivision
firstdivision's picture

SPY and Euro Bonds?

Fri, 07/15/2011 - 13:49 | 1460201 virgilcaine
virgilcaine's picture

something bad is out there.

Fri, 07/15/2011 - 13:53 | 1460215 kridkrid
kridkrid's picture

the second or third to last gasp of a failed monetary system... of course I've been saying that for a while now, but I'll be right eventually.

Fri, 07/15/2011 - 15:13 | 1460481 TapperIsTicked
TapperIsTicked's picture

Eventuality is a bitch in a transitory world.

Fri, 07/15/2011 - 15:15 | 1460487 TapperIsTicked
TapperIsTicked's picture

Eventuality is a bitch in a transitory world.

Fri, 07/15/2011 - 15:59 | 1460682 francis_sawyer
francis_sawyer's picture

...just as 'transitory' is a bitch in an 'eventually' world

Fri, 07/15/2011 - 13:49 | 1460203 NOPOMO
NOPOMO's picture

FED & Government want to win on both sides....you the public eat your peas.  Obama administration is complicit with the FEDs actions and has been working to defraud the public.

Off with their heads.

Fri, 07/15/2011 - 13:50 | 1460205 Sudden Debt
Sudden Debt's picture

Now we know who is buying Google stocks like crazy :)

+600$ for a no dividend stock. Who else would be so stupid to do so.

Fri, 07/15/2011 - 14:01 | 1460241 Joeman34
Joeman34's picture

How do you get a moving avatar?  Just curious as it's currently beyond my computer capability threshold.  Thanks.

Fri, 07/15/2011 - 14:10 | 1460263 Sudden Debt
Sudden Debt's picture

Step 1 : First you have to save up 10.000 junks and insult every race on this planet.

Step 2 : Then, you take a animated gif, scale it to a pic size (may not auto resize or animation is gone) ET VOILA!



Fri, 07/15/2011 - 14:19 | 1460304 wandstrasse
wandstrasse's picture

I have a question: how can you wave your arms all night/day without falling down dead from exhaustion?

Fri, 07/15/2011 - 14:42 | 1460385 Dr. Richard Head
Dr. Richard Head's picture

Anger is a powerful energy conduit.  He's really mad and rightfully so.

Fri, 07/15/2011 - 16:01 | 1460696 francis_sawyer
francis_sawyer's picture

he's broken the perpetual motion riddle...

Fri, 07/15/2011 - 15:23 | 1460520 fuu
fuu's picture

I don't recall you getting junked that often. Except for the folks that think youa re an American who can't type. But those people will likely think you just said 10 junks not 10000.

Fri, 07/15/2011 - 15:57 | 1460672 dark pools of soros
dark pools of soros's picture

i thought he was a machinist that likes to be exact to three decimal places

Fri, 07/15/2011 - 16:05 | 1460729 francis_sawyer
francis_sawyer's picture

Here's where the junks came from...


Fri, 07/15/2011 - 14:29 | 1460343 cdude
cdude's picture

Probably an animated GIF.  


Fri, 07/15/2011 - 16:33 | 1460834 MajorityRules.
MajorityRules.'s picture

600 a share means nothing without using other data to understand its cost. Look into why citi's stock went from 4 dollars to 40 dollars and you'll have a better idea why.

Fri, 07/15/2011 - 13:52 | 1460209 NOPOMO
NOPOMO's picture

Market is telling you candy canes and unicorns are abound.  US Markets are now nothing more than a ponzi scheme by the FED for the Banks. 

I suggest you all take you 401Ks out as quickly as possible. 

Fri, 07/15/2011 - 14:04 | 1460257 impending doom
impending doom's picture

Not sure about 401k's, but i tried desperately to liquidate my 403b a year or so ago and was pretty much told "No, read the fine print, asshole."

Fri, 07/15/2011 - 23:38 | 1461621 shesalive
shesalive's picture

right...though you should be able to take it out in the event of hardship, with only a 10% take from the irs. can't get my 403a though - it's only good for loan collateral.

Fri, 07/15/2011 - 13:53 | 1460213 Dr. Richard Head
Dr. Richard Head's picture

"Other Assets" - wouldn't you all shit if it was gold...not that it's money or anything.

Fri, 07/15/2011 - 14:10 | 1460272 sitenine
sitenine's picture


Fri, 07/15/2011 - 14:25 | 1460326 LowProfile
LowProfile's picture

Ever wonder what the sound of 1,000,000,000 toilets clogging at once was?

"Yep, it's gold!"  "PPPPPFFFFFFTTTTDDDDDD!!!!!...  ...Splat!"

Now you know.

Fri, 07/15/2011 - 14:43 | 1460392 Dr. Richard Head
Dr. Richard Head's picture

And knowing is half the battle - http://www.youtube.com/watch?v=WkJQ3seomLo GI JOE!!!!!!!!!!!!

Fri, 07/15/2011 - 13:56 | 1460221 Hindsight2020
Hindsight2020's picture

The Fed misleading the public and acting shady?  Blashphamy!  It's not like they are a private corporation trying to look out for their stakeholders while trying to maximize profit....oh wait, they are and most people are too stupid/lazy/disinterested to put the story together.  I continue to look forward to each paycheck when I can take my excess pay and turn it into PMs.  Only for "traditions" sake of course and not because I don't like collecting worthless newspaper that's considered legal tender. 

Fri, 07/15/2011 - 14:28 | 1460335 wandstrasse
wandstrasse's picture

...and turn it into PMs.  Only for "traditions" sake...

so, you are long tradition?

Fri, 07/15/2011 - 13:57 | 1460225 NOPOMO
NOPOMO's picture

FED now monetizing all equities with PEs greater than 80.  Obama saying yes we can....have a bubble greater than the .COM.

FED & Government have no place in equity markest.  They only serve to distort and then defraud the public.

I feel bad that they are forcing those who make contributions into the 401K to buy overvalued equities.  Who loses...well the public loses.

Fri, 07/15/2011 - 13:59 | 1460227 gorillaonyourback
gorillaonyourback's picture

its simply,,,,, all the bonds they bought have interest payment,,, they are printing money to pay the interest payments,,,,, and also retire the principle on expiring bonds that they also bought,,,, with newly printed money

Fri, 07/15/2011 - 14:06 | 1460261 Tyler Durden
Tyler Durden's picture

If it is an accrued to cash divergence it would collapse on itself every 6 months when the coupon payment was made.

Fri, 07/15/2011 - 14:20 | 1460307 JW n FL
JW n FL's picture

where is Mr. Big Mouth HFT from 2 nites ago? he had a crew here running their mouths the other day but things have certainly quieted down from them as of late.


hmmmm? looks like they are trying to cover and get out of things? before shit gets real ugly like i said huh?


Mr. 3,700 to 1! where are you!! we miss you! come back! LULZ!!!

Fri, 07/15/2011 - 14:00 | 1460229 vast-dom
vast-dom's picture

at least the fed and govt had the presence of mind to create abstract accounting columns back in the day; if they knew what kind of mess we'd be in today there would be other more abstract (read: even more egregious unaccountable/unverifiable/nebulous) columns outnumbering the "real" accounting.


Let's see how long this charade can hold up. China will prop us up for only so long until they have to buy $140+ barrels of oil while their banks and local cities default etc etc etc. Exciting times.


Who needs industry when we have finance¿

Fri, 07/15/2011 - 15:40 | 1460583 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

I have a fix for the current debt situation:  Sell California to the Chinese.  Take the Baja Peninsula from Mexico by force (100 minute war).  California citizens and illegals (now legal) who wish to move to the Baja Peninsula.  Debt problem solved plus L.A. freeways unclogged.  Oh! Sorry Hollywood!


Tuco Benedicto Pacifico Juan Maria Ramirez

Fri, 07/15/2011 - 13:57 | 1460230 buchesky
buchesky's picture

This is why starving the government will be stimulative to the economy.  When the Treasury stops borrowing so much money, investors will find other productive means of investment (i.e. business investment).

Fri, 07/15/2011 - 14:15 | 1460287 kridkrid
kridkrid's picture

The treasury isn't borrowing money... it's printing money (mostly) and taking recycled dollars from places taking fake dollars in exchange for oil and worthless crap (some).  Starving the gov't won't stimulate anything.  It will only speed up the eventual collapse.  I think it's important to know that because when it happens, we shouldn't look at the government as the saviour.  They can't control the spin of what it was that just happened.  all just my opinion, of course.

Fri, 07/15/2011 - 15:34 | 1460563 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Congress needs money.  The U. S. Treasury sells bonds to the privately held Federal Reserve at interest.  In return out of thin air the Fed provides the U. S. Treasury with Federal Reserve Notes comprised of cotton and linen.  Nice gig since 1913.  Oh, as you know those notes have lost 98% of their purchasing power in a little less than one hundred years.


August 15, 2011 marks the 40th anniversary of Nixon's closing the gold window.  Maybe the demons have some special plans for us on that day?!

Fri, 07/15/2011 - 13:58 | 1460232 Stoploss
Stoploss's picture

S&P goes straight up, M2 straight up same time, not hard to see where that went.

Fri, 07/15/2011 - 13:58 | 1460234 Juice Box
Juice Box's picture

The money was spent to pay for Michelle Obama's 2012 clothing allowance.  The also planned on gassing up the 747 for another Obama vacation.

Fri, 07/15/2011 - 13:59 | 1460235 mt paul
mt paul's picture


high of the day 

39.08 $

forty plus close

for the weekend ..??

Fri, 07/15/2011 - 14:01 | 1460243 vast-dom
vast-dom's picture

silver will hit $55 by end of summer. guaranteed. 

and oil will reach $112 shortly thereafter. guaranteed.




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