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Once a week...two years...104 times now...THIS IS IT! End of the world!.... BUY MY NEWSLETTER AND BE SAVED! Good Investing! Gee...ZH please make This shill a banner ad.
Ahhhemmmmm... cough... cough.... calling Phoneix Research....
If it's as bad I you say -and you might well be right - then how on earth can you possibly give Bernanke another 12 months? I would have thought a commensurate punishment for the criminal disaster you describe would be being shot at dawn!
I am surprised that Phoenix is continuually allowed to just push his newsleeter;however let me defend some of his comments.
The Fed has only three natural advocates.the large banks,Wall St.and some politicians in DC.Most people in the country have no idea of what they do or that it is not officially part of the government.But there are an increasingly large number who are shocked at the Fed's actions.For the first time in history a FED chairman has become the subject in a Presidential debate.And the latest QE3 and it is obviously QE3 came right after the republicans sent the Bernank a letter asking him not to do so.This was an overt politcal move by the Republicans,but a very smart one.The criticism of the Republicans is coming only from those thatIi mentioned above.If anything goes wrong with the
Fed's new QE3,then the republicans can easily blame the FED.make no mistake about it ,if Mr Perry or even Mr romney become the Republican candidate ,then Bernacke is going to become increasingly a subject in the debate.Maybe Obama will try to defend him,but that is loasing cause.If we are lucky the candiadtes will demand a complete and trnsparent audit of the FED and then the jig is up for the FEd.They will still not be officially part of the goverenment,but Congress will have them on a short leash
The latest action by the Fed smacks of desperation and the market knows it.And the reaction of the markets comes as complete surprise to the FED.The Fed's economists predicted at most a 25 basis point drop in long term rates from a depression level era low.We have more than that in less than 48 hours.My question is what is the FED going to do when Greece defaults and it will and the European banks come under that much more pressure.FLood the market with liquidity.The fed has been very very stupid in starting QE2 and QE3.There was absolutely no reason to start firing from both holsters and run low on ammunition when the big bad guy,sovereign default is just around the corner.The ironic thing about the fed's ploicies is that the biggest backer of Fed action and the one group which is addicted to extremely interest rates,i.e.Wall St is the one group which is going to suffer the most as margins disappear and markets go further south.Before this is over look for Wall st.to have shred %70 of its jobs and compenstion for those left to go down by over %50
The only people spending money are the top 5or 10%.When the negative welth effect kicks in,it is this group which is going to cut back spending the most,By then we willbe officiallr mired in a depression and bernacke will be villfies everywhere.Do not be surprised if bernacke is indicted before this is over.
Ya know, I appreciate the content, but my word, this guy is such a fucking shill...
Ease up on the pimping the product Bro. If you're such a good investor, why do you need my 39.95 every month so bad?
Doncha know you got to serve somebody: http://www.youtube.com/watch?v=FavBDpg91gA&feature=related
The only "abyss" that existed in 2008 was for a pack of predator-criminals at huge, papered, long-favored financial companies. We should have HELPED them fly over the "abyss" into the magma, because they destroyed the freaking world economy.
End the federal reserve.End the federal government.End fiat, fake, fraud, fiction, fantasy, fractional reserve debt-based toilet-paper non-money.
End the Federal government? And do what, a collection of self-interested States? Oh, you want the Eurozone brought here? FU
What happened to the USSR? In case you didn't know, it vanished, and the world is much better off for that event. If the USSA vanishes, the world will be even better off. The federal government of the USSA in concert with the federal reserve, are simply a pack of predators destroying everything honest, ethical, productive and individualistic on earth. To say we'd be better off without them is a massive understatement.
Your logic REQUIRES a one world government. According to your logic, otherwise "self-interested countries" will cause chaos and disaster. That is exactly opposite of the truth. What the world needs is 7-billion sovereign and self-interested individuals, and ZERO bogus, arrogant, destructive, "fictitious entities" like governments, corporations and other organizations. The fact is, the world today is:
predators DBA governmentpredators DBA corporationspredators DBA central banks
Those "organizations" are merely names to confuse people, and convince them to submit to the vile predators who in fact they are.
I most certainly do not want the eurozone or north-american-union. I do not support predators, and ALL large organizations are simply names for packs of vile predators.
Gezus titty fucking christ, these guys are muppets. I'd rather get investment advice from CNBC that these guys. They seem to have forgotten to NEVER GO FULL RETARD.
heres my report...and its free
for subscribing members...
short everything more
Tyler, Phoenix needs to go, vote off the island
BTW LBMA dealers say there are Eastern bullion buyers of SIZE between $1715-1750, CBs are leasing out trying to raise some cash and the bars are going from West to East never to return
The fed has set up shop in the nice new and shiny Shanghai World Financial Center.
If the FED is finished as far as printing and asset levitation then the DAy of the ECB is here. Its a question of central banking hydraulic circuits. When the level falls in one cylinder under market pressure pushing it down, it transmits to a rise of liquid level in the other cylinder. So its either the FED who wins or its the ECB, there are no other reserve currency printers to fill the world liquidity gap.
No more bullets in FED means the printing gun in ECB will open full throttle along with surrogate SNB... the roller coaster keeps moving on.
End of the Fed!? Wishful thinking, nothing more. Central planners will not leave us be until after all out collapse. Food and ammo folks, food and ammo.
And also condoms.
and booze....gonna need all the booze you can get
And that's the only thing I need is *this*. I don't need this or this. Just this ashtray... And this paddle game. - The ashtray and the paddle game and that's all I need... And this remote control. - The ashtray, the paddle game, and the remote control, and that's all I need... And these matches. - The ashtray, and these matches, and the remote control, and the paddle ball... And this lamp. - The ashtray, this paddle game, and the remote control, and the lamp, and that's all *I* need. And that's *all* I need too. I don't need one other thing, not one... I need this. - The paddle game and the chair, and the remote control, and the matches for sure. Well what are you looking at? What do you think I'm some kind of a jerk or something! - And this. That's all I need
But, but... we still have a printer!.. Everything will be okay right?
Good stuff. I really like to hear "end the fu ck ing fed"/
Finally, Armageddon! But no, Summers gives one small way out:
"It literally has nothing left in its arsenal save a massive QE plan. And that will only come if there’s systemic collapse or a major bank goes under."
Again no Armageddon. There's always the printing press, no matter what. Boring world we live in.
Ah, the second Phoenix Capital Rehash spam post of the day. Bugger off.
Where's WF Banzai...gotta be ginnin' up somethin' special today.
you can also check him out on twitter http://www.flickr.com/photos/expd/5907779005/ @williambanzai7
Dude, I soooooo want to be named Fed Chairman some day.
I would lower all kinds of interest rates and buys all kinds of bonds and shit... just like that Bernana-ke Republic guy, and everyone would stop what they are doing to watch me talk about all the shit I'm buying and selling so that they can have a good excuse to panic and do what they know they are supposed to do...
It would be sweet convincing the world that printing unlimited amounts of currency and buying unlimited amounts of suspect government paper is deflationary.
I think I'm up to the task.
Reminds me of Richard Pryor's old movie, Brewster's Millions.
I wonder what sort of reward The Bernank is going to get?
think mussolini's reward
a nice necktie
Taking this bombshell into account, have you re-written your reports, or do they hold good in any scenario?
Phoenix Capital Research will go out of business before the FED does; and for the best of all possible reasons; incompetency.
The sky is falling, the sky is fallin and I have the only answer. The FED when cooperating w other Central banks (EU/China/Japan/Brazil) have infinite liquidity. Wait and see. This is only the first inning and a buying opportunity. If this is the end, the we will be at war within months.
Dollar, T-bills are/will be last port in the storm for another few months, until they burn away too. I hope. For maximum chaos - and eventual system change - we need economic collapse to coincide with 2012 electoral/political crisis....which is also shaping up nicely as Repub Pty is heading for a TP/Rino split that may well "re-elect" Zero with way < than 50% of the vote. 1860----------->2012.
I will celebrate with the best of them when bernanke is done, as it should mean the end of the banking cartel domination of the united states. But, alas I assure you, that they wil find another stooge to easily take his place.
Yeah, the posts by this guy are about the worst on ZH, not even interesting or informative. I give reggie some grief, but I can always learn from the guy. Nothing here to be seen
Blah blah blah. That one was written for the uneducated masses. Bernanke is fully prepared to print to buy all sorts of assets, even private assets. All you have to do is read what he wrote years ago and spoke about before becoming fed chairman. This isn't hard to figure out. Currency debasement is simply going to hit us faster.
Did he write that article just for the last paragraph?
He always does!
Scrappy, since you've only been here for a couple of weeks I'll assume you haven't seen this guy's posts before. Yes, he writes lots of sensationalist, "the sky is falling" crap to get your attention and then shoves his marketing in your face and directs you to his newsletter/report. He might be a genuis for all I know, but I can't get past the annoying marketing that is this guy. Graham/AKA Phoenix Capital posts are all the same.
So why is he permitted to continue to spam the board?
Thanks for the entertainment and the reminder about your newsletter...almost forgot.
the fed is finished...........yeh sure keep telling yourself that....
They'll never be finished as long as they have the printing press. We are finished
That's what I was going to say. What is so hard to understand about this? As long as dollars are still accepted as payment, they will conjure up as many as necessary. To expect them to stop just because it is destroying everything, is to not understand why and how we got here in the first place.
All CBs will print away in a race to the bottom, with ZIRP clearing away any debt service issues. They can't do it all at once, otherwise the sheeple would wise up and hyperinflate the currency out of existence. So, they baby-step it along, with each new crisis creating the mandate for the next round of printing.
The only thing I can see stopping this madness is the public moving to alternative currencies in black-markets (along with direct barter). Which I why I advocate everyone holding some quantity of junk silver. It may be the only avenue to prevent the impoverishment of the 99% not benefiting from central banking.
And silver's on sale now! Thanks, JPM.
Oh, and as far as the Fed being in danger due to extending their duration on Treasurys, well that is purely a free market perspective, not a political market one. It will matter little once lending for profit is eliminated by ZIRP, as all loans will be gov backed.
Phew. Because I was getting impatient given this same call was made by Phoenix Capital for the last two years...although the market was slow to react since the bottom fell out of the economy late last year.
Has anyone ever subscribed to their reports? WTF is he advising us to do already? I'm tired of being teased by this guy. Should we all chip in a dollar and find out what the hell to do? We're dying here...c'mon people!
Yeah, I'd like to know too.
It's a scary time and it's tempting to send off for the report and just shirk responsibility for my financial future.
I wish somebody (else) would cough up the cash and return a detailed report!
Failing that, I think I'll trust Eric Sprott and buy silver. Industrial demand may collapse, but at least the govt. probably won't seize silver (as opposed to gold). Countries may seize silver mines, though.
Maybe QE 2(NO Jobs and 115 dollar oil and raging food costs) was Ben's Kursk. The last great offensive the Wehrmacht could ever mount. After it unwound it was a remorseless push to Berlin and the Bunker.
And Janet is Eva Braun.
You got to serve somebody: http://www.youtube.com/watch?v=FavBDpg91gA&feature=related
Janet who? I think the better WWII analogy would be Stalingrad. Never retreat - fight to the bitter end. Also, if this destroys Bernanke, I think we might just see what we have all been dying to see - banksters doing frogmarches as Obama would wish to portray himself as Ceasar, parading his captives before him.
1st on the list was battle for Moscow = qe1
2nd Stalingrad = qe2
3rd Kursk = this
4th .. = the bunker, I wonder if Ben will shoot himself in the face? I would like to see that :)
Herr Hitler, the Americans and English have landed in Sicily
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