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Sprott Calls The Fed "A Ponzi Scheme" As Half A Trillion In Treasury Purchasers Are Unaccounted For

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Thu, 12/24/2009 - 21:12 | 174025 Crime of the Century
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And was his above comment "gold is a fool's choice" also spot on?

Thu, 12/24/2009 - 14:11 | 173791 celticgold
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  Australian citizenship for sale....2K Oz .9999 fine Au.  HNW US Female only. Call aust o8 95381996.  btw , we are 8 hrs behind yr west coast time zone, so please , dont wake me up in the middle of the night , thanks. Steve.

Thu, 12/24/2009 - 14:17 | 173799 celticgold
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  p.s. im up right now , for the next hour anyway...

Thu, 12/24/2009 - 14:18 | 173801 celticgold
celticgold's picture

  p.s. im up right now , for the next hour anyway... merry christmas all..

Thu, 12/24/2009 - 15:04 | 173832 Gordon_Gekko
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Hate to say this again folks, but I TOLD YOU SO. It's not just the Fed, the ENTIRE US Economy is one big giant Ponzi Scheme.

Thu, 12/24/2009 - 15:36 | 173858 B9K9
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Yeah, but so far humanity has lucked out big time each time significant resource constraints have been reached.

Just as Great Britain was cutting down the last of its old growth forests for fuel, it turns out the entire island is/was actually one giant coal mine. Almost concurrently, as the world's whale populations were nearing collapse, along comes petroleum (kerosene) to help light lamps. Then, we successively discover major oil fields in the Americas, Middle East and North Sea so that we can tool along highways listening to music with the A/C on full blast.

Each and every one of the "breakthroughs" created sufficient economic efficiencies that enabled existing principal + accrued interest charges to be rolled forward and re-packaged to let the game continue. And boy did it ever - from the days where Hobbes noted that the life of man is solitary, poor, nasty, brutish, and short to our present cheerful holidays where people cry out for "more pie" thinking that they'll actually receive a slice.

If we don't come up with something pretty damn quick to allow another layer of debt to be pyramided and keep the game going, our coming debt deflationary spiral really will be the mother of all major historical turning points.

Thu, 12/24/2009 - 17:14 | 173895 Anonymous
Anonymous's picture

I knew I shouldn't have read "Patriots" and "One Second After" back-to-back before reading another B9K9 post.

Must....resist....urge....to....stockpile...food....again.....

Thu, 12/24/2009 - 21:16 | 174026 Crime of the Century
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One Second After was not worth the effort, imo. Don't know when the next Alas Babylon will be written, but OSA definitely wasn't it.

Fri, 12/25/2009 - 02:12 | 174105 Rusty Shorts
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@B9K9,

 

Excellent post.

 

"I mean this ain't like that silly Y2K paranoia, or as something as simple as Nuclear War, even the Bird Flu would look like a blessing compared to this - no this is reality, and the proof is all around. You see, this last hundred years of (oil) prosperity on this planet, that was just a freak of nature, a lucky break that we burned-up'd faster than a stick of dynamite stuck up the time line of man, its just a plain and simple fact,,,to many people using to much oil...etc,etc,etc"

 - A Post Oil Man (YouTube)

Thu, 12/24/2009 - 15:07 | 173837 Anonymous
Anonymous's picture

Never realized that GS and the like were the "household sector". Nice bit of digging to find out where they're stashing the indirect monetization.

Thu, 12/24/2009 - 15:15 | 173842 Anonymous
Anonymous's picture

Nancy Pelosi is a scary, empty-headed beeatch! I just had to say that to remind some of you. Merry Christmas everyone.

Thu, 12/24/2009 - 15:23 | 173850 Fur Trader
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Full disclosure: My first post; been here since Lehman (Sept 16? 08) sitting at the back of the room quietly watching and learning.  I love ZH, period.  And all of you. Esp the guy on the West coast dude who comes in late and drunk and shares his exploits with his ex-JPM bartenderess....I read those with my Sunday morning coffee.  Merry Christmas to you all!

 

Never, never give up the fight for truth.

FT.

Thu, 12/24/2009 - 16:08 | 173874 Tripps
Tripps's picture

isn't it obvious? the fed is buying treasuries from multiple vehicles and accounts

 

just like stocks in the early months of the rally and into the may bank dilutions

Thu, 12/24/2009 - 16:15 | 173875 Anonymous
Anonymous's picture

The Goldman Sachs FRAUD knows NO BOUNDS----

From the NYT article---

"The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.”

PROSECUTE GOLDMAN NOWWWWWWWWWWWWWWWWWWWWWW

http://www.nytimes.com/2009/12/24/business/24trading.html?pagewanted=1&_...

Thu, 12/24/2009 - 16:19 | 173877 Anonymous
Anonymous's picture

Is there any QUESTION in anyone's mind WHY the FED does not want to be audited?!!!!!

The corruption and fraud is so thick it is bursting at the seams!! A 3rd grader doing 10 minutes of research could tell his country is being taken over by criminals!!

SOS SOS SOS SOS SOS SOS SOS SOS SOS SOS SOS SOS

Thu, 12/24/2009 - 18:25 | 173929 JR
JR's picture

To Zero Hedge--a herald of truth for me, a blessing...

in a world of confusion, error, mischief and cowardice.

Merry Christmas!

J.R. 

Thu, 12/24/2009 - 19:17 | 173960 Anonymous
Anonymous's picture

Continue to buy GOLD and SILVER on the dips, or wish you did... This system is on it's last breath, and our government will LIE, LIE, LIE and fudge every number delivered until the day everything implodes from within.

Best of luck to all---

Thu, 12/24/2009 - 19:17 | 173961 Anonymous
Anonymous's picture

Continue to buy GOLD and SILVER on the dips, or wish you did... This system is on it's last breath, and our government will LIE, LIE, LIE and fudge every number delivered until the day everything implodes from within.

Best of luck to all---

Thu, 12/24/2009 - 19:45 | 173977 Anonymous
Anonymous's picture

THANKS Tyler Durden for all you do to bring the truth to us.

I know I speak for millions when I say we are leaving the other mainstream financial sites forever, because we just cant take the crap being shoveled down our throats anymore.

AUDIT THE FED -- END THE FED!!!!

Thu, 12/24/2009 - 20:21 | 173998 Kayman
Kayman's picture

Thanks Tyler and Marla- amidst all the carping and chaos you offer hope.

 

Merry Christmas Everyone.

 

Thu, 12/24/2009 - 20:34 | 174006 msjimmied
msjimmied's picture

Thank you, all of you, for making this site an oasis where we can all come to find sanity. Thank you all for the clear eyed logic, marvellous range of emotions, and highly intelligent discourse. I wish you all a wonderful holiday season, and all the best for a revolutionary new year! (this chit has got to change!)

 

 

 

Thu, 12/24/2009 - 21:00 | 174019 Anonymous
Anonymous's picture

Debt matters because we must pay interest on all those treasuries. The interest we pay is real money from taxes, not accounting entries. The interest paid is not enough to keep buying more treasuries, and thus the scheme will fail.

Sat, 12/26/2009 - 15:07 | 174964 Anonymous
Anonymous's picture

I've got gold! I've got Silver! Up go my middle fingers!

Tue, 12/29/2009 - 13:08 | 176787 arkady
arkady's picture

IF there is one Senator that might care and has not been bought, it might be Jim DeMint.

Try him at: senator@demint.senate.gov

 

Mon, 01/11/2010 - 04:58 | 189706 steveo
steveo's picture

The infamous Chart of Charts<br><br>

All 3 crossovers show bullish.<br><br>There are a goodly amount of stocks ready to breakout, at least earlier in the week.  Friday saw that number drop.<br><br>Of those ready to breakout, about 2/3 are normally bullish patterns, about 1/3 bearish.  <br><br>The heat map basically says....do nothing.  If in bullish positions, no need to sell them off.<br><br>

There are a few double tops and double bottoms, which are some of the best performing patterns.<br> <br>Last year, stocks were really moving in accord with moon phase, but that can be strictly coincidence, then they broke that trend as the permanently increasing price "government policy" went into affect.<br><br>This Thursday is a new moon.

 

Funny, also how no one is even talking about this being options expiration week.  And last week was very small changes in the NYSE McClennan oscillator, 3 in a row, which is unheard of.

Who knows, maybe "they" ramp this thing up 8% in 3 days....that would disembowel the few remaining bears, and then you could sell their livers to the Chinese and get some of that copper back. 

http://oahutrading.blogspot.com/2010/01/chart-of-charts_10.html

Sun, 06/05/2011 - 08:26 | 1340915 sun1
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