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I prefer the term 'Feral Reserve". I think it captures the essence of the organization nicely.
What about: FECES RESERVE
you can have all the money you want... as long as the market's go UP
reverse splits in Direxion bear issues mean only one thing
we are heading higher. the melt up is permanent. there IS no spoon.
More like: NO RESERVE
And "Quantitative Fleecing" is also more accurate.
I prefer FRAUDERAL RESERVE.
Americans just think its all another reality show! They have no idea how close the reality of their own demise is though! Cant eat the flat screen.
I well aware of my demise. My samsung 55" will make my demise a little less painful. Just dont let me die in the middle of a McMillan and wife episode.
Just on CNBC:
"it's hard to say if QE is causing commodity inflation". fuktards.
Hard to say, but easy to see.
what's hard is admitting the truth for the propaganda media.
What’s a TBTF bank supposed to do for a living when its traditional customer base increasingly refuses to participate in the banks corrupt and abusive markets? Simple answer, forget about your traditional customers and convince their government to do your bidding for them instead.
Steve LIESman just announced, on air, the question he will be asking Bernanke in today's press conf.
Outright insider propaganda prep. Let's just announce so the Fed can prepare an answer (read: lie) ahead of time.
You got that ass backwards. The question LIESman announced he would ask, was the question TheBernank handed him to ask in the first place.
It's all smoke and mirrors.
Liesman is the footstool that ben.bernank steps on to reach the hat section of his closet.
Not to hijack just an aside, it looks like cnbc checks you out.
Lies-Man has a man crush on TD.
So is it just me or is there a correlation between the closing of the auction and the move higher in the market at exactly 11:00 am
It's time for Jon Corzine to enjoy a little off road action again.
Yes, nice to know they're going to deal Jon in for the next hand. I guess this means that the $500 million he made in 1999, when GS went public, (http://en.wikipedia.org/wiki/Jon_Corzine)
has been spent. So by all means, have a seat at the table, Jon. Nice to see you back.
“We are looking to get the best price we can for the taxpayer,” said Mr. Frost, a buttoned-down 34-year-old in a striped suit and rimless glasses. Josh Frost, who oversees the buying of billions in Treasury debt by the New York Fed.
Jews continue to rip off goyim. However, this is still news to a lot of the latter. Yet it never fails to trigger that "ANTISEMITE!" glitch in their conditioned brains. Give me some of your zionist-flavored junks now.
Monetarism....now what was for dinner? Oh yeah, nothing.
I wonder how many of the Queen's banks are getting free POMO (hadn't realized that foreign firms were getting in on it, but with soc gen, chances are other inter-alpha queen parasites are). I wonder how much of this free money backstops the bric carry trade, or the spanish cajas.
Don't forget mexico in the uncle ben's 'whipping up revolution in 2 years' world tour.
Just remember the next time food goes up (just listened to the stupidest bitch describe the higher food prices), that all the experts think it's just due to weather (snow), higher demand (it's called hoarding now because you can't afford it later)...and that this will be reflected less as American famers pick up the slack....and grow other stuff (but not food) because the margins are higher....and oh yeah...the reason food hasn't gone up is because it hasn't gone up (not the hedges). Not one word of printing. I'm sure that 'expert' gets paid 6 figures. They even said prices are just at the level of 2008, not more, and of course no contextual understanding (oil not 150, etc).
Little bit of a tangent but the bitch on tv describing food prices was as clueless as Palin and constitution.
One ring, one idea to rule them all.
Is there any way to figure out what price was paid? The new issue came at 99.247. It closed yesterday at 98.689 and has been trading at 98.32 in the last hour. Does the Fed pay that price or are they paying some stupid premium?
somewhere between the last few POMOs (instant flip kind) was the tipping point... historians will look back and identify this as the flashing danger light that BB&co. ignored/(no turning back now moment) ..in the belief that they could somehow cure gangarenen without painful surgerical amputation. IB
bloggers keep posting that "nobody cares one bit" about the ongoing fed/wall street/washington dc pillage. this is simply not true.
people - lots of people - care. the fact is these same people are powerless to stop the pillage.
for the umpteenth time it must be said the usa has been hijacked by criminals who have gone so far as to say that peaceful protesters are terrorists. zh has writen extensively about it.
so rather than say people don't care just tell me this.
what can one do to stop it? i'm all ears.
true. but what if the election doesn't change the game? or the bernank or his successor stays rogue?
starve the beast, close all bank accounts, buy physical pm.
i have. i have. the second floor of my house is creaking from the weight of silver.
If you want to do something, become a precinct committeman and help take over the REP party from the ground up. It's truly the only way. look up everything ColdWarrior writes on redstate dot com. It's simple and easy to do and will wield large influence over the party in a short period of time.
This is exacty why QE will never end. They are all just junkies now being supplied by their dealer, the FED. Now that the entire market depends on the POMO heroin, we will never have a free market system again. They now need twice as much in a shorter time to keep the withdrawals from kicking in. We are all just living in a Ponzi world now, nothing real just a system made up of artificial enhancements and deception.
check out gold. 1350 trades
And right on cue, the market turned around. Amazing.
I for one support the Fed in its policy of monetization.
Given the loss of jobs, thus the loss of investment in capital, and the removal of investment capital by the government through taxes and debt disintermediation, there is no choice but for the Fed to replace 401K contributions through monetization.
Kudos to Bernanke for steadfastness.
Fed Chairman Requirements:
1) No spine
2) Willing and able to destroy lives
3) Print like a madman
4) Believe your 100% confident and infallible
5) Deny any wrongdoing and encourage others to do so
And the Fed chairman can go back to congress and tell them to stop spending, stop borrowing, and stop taxing.
I will not hold my breath.
The question is, how many more tricks can these guys come up with? Just imagine what it is like at the Fed and treasury trying to keep track of all the scams and fraud.
How many new tricks can these guys come up with. Just imagine working at the Fed and Treasury and all their banks and trying to keep track of it all. Only a Sadist could enjoy.
One would think that with a head that large Liesman's brain should be proportional in size, but I'm convinced it's full of chocolate pudding.
Wasn't Liesman Will Farrels sidekick in Ricky Bobby?
or is he related to Goober on Mayberry? I forget.
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