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Controlled Leaking
I got a laugh at this article by Jon Hilsenrath at the Wall Street Journal. (Link)
This is another in a string of articles by Jon where Bernanke is clearly providing a portion of the content. The thrust of this one is that the Fed is going to change its communication policy in the upcoming Fed meeting. From the article:
Federal Reserve officials are close to completing an overhaul of how they signal their policy plans to the public.
The Fed has said publicly that they are monitoring the blogs in an effort to get a handle on what is being said about them outside of the MSM. I assume they will be reading this. I hope those “readers” pass this note along to Bernanke. Possibly it will help the Fed heads steer their new communications policy to a better place.
My suggestion to the Fed is that they stop leaking what they are going to do at the next meeting to the WSJ. This is the worst form of communication policy. In my opinion it makes the Fed look stupid. It makes the Journal look like a beard.
When Hilsenrath quotes ,”Unnamed sources close to the matter” and the next words are clearly coming from the Chairman, there are thousands of readers who look at it and say , “Plant”.
Policy steps by the Fed have been consistently telegraphed in advance for the past three years. In Japan this is called, “Official Guidance”. Very few people (outside of finance) understand that the Fed is giving official guidance through the press. The Fed should end this. If they have something to say, they should come out with a formal statement that people can actually pick apart.
The change in the communication strategy is going to happen pretty quickly. Sometime in January at the latest. The openness, clarity, honesty and integrity of the new policies will be put to the test not long after. It is a 50-50 shot that the Fed will announce a new LSAP sometime in the first quarter. If that were to happen we will get wind of it through press leaks in February. That would be the way it would unfold absent real changes in the way the Fed disseminates information.
So we shall see by March. If we get a leak of what’s coming from the Fed in the New Year, then we will know that the new policy of “open communication” is just for show. That would be my guess on the outcome. Bernanke’s Fed may profess to have adopted a new standard, but they’ll keep up the whispers on the side. They will do anything they can to achieve their objectives, including any manipulation that might be desired.
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I know their new method of communication, SMOKE SIGNALS!!!!!!!
Yes. They can use those shredded dollars they give away for free...they shredded the value of the currency...might as well put the paper to use.
SP500 monthly chart remains bearish and USDX weekly remains bullish so it’s only a matter of time until the market makes its move.
http://stockmarket618.wordpress.com
Mo' chart porn, please.
FED:
"Dear Citizens,
We are going to jerk you around in ways only PhD economists can imagine.
We will tell you we are trying to restrain inflation and encourage employment.
Please ignore the sardonic laughter emanating from our offices.
Regards,
Ben and the gang"
Who needs an inside man when you can simply own their computer network and read their email spools?
Federal Reserve action today is determining the fate of Europe. Do you think none of those countries would be able to gain and maintain access to Federal Reserve networks? We're talking about the fate of nation states, the European Union, and hundreds of billions to trillions of Euros.
Not to mention Hedge Funds and others that could benefit from that kind of insider information. Most hackers are very poor and would work for relative peanuts compared to the value of the information they could glean from Federal Reserve networks.
Same old, same old. First they tell the elite, then the minions of the elite - then as an after thought, the rest of the world.
Read:
http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref
The Fed has to change something. They're finding that people aren't brain - damaged mushrooms, thriving in the dark, on a diet of manure.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
I used to say Spend it like you stole it. It seems much easier to spend it like you printed it! Von Mises' crack up boom is on the horizon.
So one just has to become friends with this wanker Hilsenrath and then one can front run the market, or we can always bribe him or threaten to boil his cat if he won't spill his insider Fed news!
Benny and the Feds are really gonna read this?????
YOU SUCK BEN.. YOUR A CRIMINAL AND A TRAITOR.
May you and Timmy burn inhell.
That's part of the problem - you thinking there ia a hell for them to burn in. It doesn't exist. We need to make it hell for them HERE and NOW, or else they got away with it.
Don't you just wish that multiple green arrows were possible?
I am a doctor and I talk to about 100 people a week for 5 to 10 minutes. In the past few months I am amazed at the number of questions and comments I get about the economy. I am equally surprised by the 'kind' of people asking. It is not just older folks who do a lot of listening to talk radio. About 1 in 5 mention gold, 1 in 10 have some understanding of the Fed. Most understand entitlements are in trouble.
They are the sheeple and they are asking odd questions for being sheeple.
I'm not sure how this plays out at the pols but I think a lot more people than is generally assumed understand that the government is loosing control.
America is boiling over in its kitchens. You note yet another symptom in a select group, but I can tell you it goes WAY beyond sick patients with few to talk to.
People are finally figuring they have already been lied to and robbed blind by "the establishment." Hell, even dipshit boomers are questioning the former bedrock of truths -- the MSM.
Wait until that aggression comes through your doors,, its already pervasive about everywhere else, though subtle. Don't confuse means with madness, like the TSA, or Federal Reserve bank of treason and bullshit.
Reading bullshit from revisionist fucks like Bruce that minted a fortune off a fraud racket THEY CREATED, only to author limp dick commentary against that system 20 years later in life is deplorable.
Fraud markets running people's lives is finite, and soon to collapse. Confidence can't be printed, nor can justice -- neither will be presented in solutions by Krastings or any other "piss on your leg and sell it as rain" authors in the lonely .1%. Cry me a river Bruce, no one saw it coming, but everyone got paid -- bullshit.
The only facts are trillions in mortgage fraud, whistleblowers everywhere and not one prosecution -- justice be damned for record bonuses and bailouts covering up fraud and failure of those chosen by unnatural forces.
The latter is the heat source, and many, many people are running out of things left to lose when justice abortions are sponsored by justice inc.
No justice, no peace, only fraud capitalism by the unelected -- not in my country!
Hey doc - thanks for sharing. Perhaos you could askj your patients if they own or are planning to own ...a firearm.
Y'know....got to protect the gold.
What happens when the leaks become uncontrollable?
They buy a new boat with your money and sail off to another horizion to rape and pillage pirate style.
The boat sinks.
I still prefer the planted newspaper stories to the "Oh, by the way, we're going to guarantee the GSEs' debt when they go bankrupt" secret lunches.
So long and thanks for all the filch.
He SHOOTS - HE SCORES - Well done Bruce on another fine article - when I read Hilsenrath's article I absolutely felt that the FED had dictated the content of the article & gave JH some 'latitude' in a vain attempt to incorporate the WSJ 'look & feel' - after the recent publication of the Fed's $7+ TRILLION 'lending' program in 2008 I was devastated - call me NAIVE-FOOL-IMBECILE - (I am certain ZH participants can add/extend to the list) but I had NO CONCEIVED notion or appreciation of the magnitude of this issue - and the fact that such an enormous amount can be secreted for two years from the public is one of the most frightening issues I have been confronted with as I attempt to understand this issue - Keep up the great work - you efforts & insights are greatly appreciated
Fuck the FED. What they need is to be pursued under the law. You know, the one that says "no bills of credit," (meaning no money by fiat). What is that thing called again? Oh yeah, the US Constitution.
The only people they need to communicate with won't blab anyway. $16 trillion bank rescue tells you how big the top stratum of the FIRE sector really is. All the rest is chicken feed.
CE I read your posts often - I have no reason to doubt you, however, you reference $16 TRILLION...PLEASE TELL ME THAT THIS FIGURE IS OVERSTATED...The blood has just drained from my face...
Just imagine what you could do with $16 trillion during a credit crisis. A concise list of parties that received funds from the Fed during the credit crisis are listed in the GAO 'mini-audit' in Table 8 of page 131 (page 144 of the .pdf), which can be found here:
http://www.gao.gov/new.items/d11696.pdf
Report to Congressional Addressees
July 2011, GAO-11-696, United States Government Accountability Office
FEDERAL RESERVE SYSTEM
Opportunities Exist to
Strengthen Policies
and Processes for
Managing Emergency
Assistance
You see, and in response to the crisis we have just endured, we must strengthen the policies and processes for managing 'emergency assistance'
Fuk off FED.
Don't underestimate the power of dirty underwear.
Shut down the Fed and try Bernanke for misappropriation of government funds.
if they were honest, clear, and transparent they would be exposed as the total fraud that they are, same with all large financial institutions
We should be lucky the Fed discloses anything. It wasn't until 1994 that they began disclosing changes to the Fed Funds rate. They would 'communicate' changes through market transactions with PDs.
More transparency is the way to go... the insider trading/front running is disgusting.
Another thing that pisses me off are the Larry Meyer's/Vince Reinharts of the world (and other douche bags) that sit there and listen to the FOMC meetings, and then share the information with their 'specialist networks'.
ZH posted a great article about the leaking of the coordinated Central Bank intervention last week. Anyone that can't connect those dots is retarded or willfully ignorant of facts.
If you still don't think there are such leaks, go read The Atlantic's article called "Go for the Juglar" by Sebastian Mallaby. It's about Soros trading against the BofE in 1992. Focus on the part that talks about how Soros had former Bank of England buddies (Smick) running around the building pumping former colleagues for information.
The WSJ should, by right, change the title of Hilsenrath's column to, "Ben's Corner."
"Never mind the king -- It's good to be the official scribe of the Chairman !"
My suggestion to the FED is Fuck Off and Die.
The FED is NOT FEDERAL........
Games people play.....
Wake Up ....to the asleep sheep.
I do not mean to infer or imply that the Fed is untrustworthy, no good, low down, no count, lying sons of bitches that are not worth a tinkers damn.
BUT, one does have to observe that they have an exquisite sense of humor like a sociopathic coyote in heat, within the hen house not knowing which act to perform next.
I love this country, the USA, yours and mine. God bless some of us.
it doesn't matter how you release your information, when the information is nothing but lies. all policy decisions are a lie because you never explain the reasons, the consequences, or the unintended consequences, who you suppose will benefit, who will be at a disadvantage, and why these policies are used, when a free market would serve everyone a lot better. [go ahead explain why your interest rate policy is better than the markets]
spare us the platitudes about economic growth, that's another lie. a policy to promote {managed politiburo centrally planned} economic growth is a lie piled on top of a lie.
if you aim to be a dissembler of facts, and policies, like your boss, then speaking more is exactly what you should do. you may adopt a more clear style of speaking, but covering up lies with more lies is just more of the same.
When the Daily Show "get's it" and makes the Federal Reserve a JOKE, then the Federal Reserve IS riciculous:
From Mish's site:
http://globaleconomicanalysis.blogspot.com/2011/12/daily-show-on-free-mo...
I feel much safer knowing the justice system is protecting me from the likes of Martha Stewart.
signaling policy to the public isn't the issue ... it's how and when you signal policy to the annointed few which is at issue here.
ChairSATAN is the stooge doing the
Milgram experimentand we are the people going OWWWWWWWWW for REAL!!!!!
The World - "You said you loved me Benny! We were going to do great things and fix the economy!"
Bernonkadonk - "That's just pillow talk baby."
then he said hold still while I stick it in your ***
Here in Brussels, our political refugee from the US, is a Harvard classmate of Ben Bernanke, he was an undergraduate at Harvard at the exact same time, also taking some economics courses. He's also a Jew like Bernanke but our refugee here is a non-Zionist.
Bernanke's classmate had to escape the USA after US judges appointed by Bush were involved in banning his freedom to write and speak, and threatening to kill him, the judges taking bribes to support a rich psycopath woman who gives the Bush and Clinton families millions of dollars.
Obama is a friend of Bush, and Ms Clinton is in Obama's government, so Obama has supported the threats to murder Ben Bernanke's classmate. Obama supports non-prosecuting the US crimes, and asking Google to block the victim's websites, to which Google has agreed.
This refugee, and Ben Bernanke, are also classmates of Obama's personal advisor, 'Czar' Cass Sunstein, who apparently also supports the efforts to have Ben Bernanke's classmate murdered.
So given that the US Fed is clearly reading this article, on ZeroHedge the most important financial blog site in the world, let me give a shout out to Ben Bernanke here:
Hey, Ben! - yes you, Mr Federal Reserve Chairman - we know your classmate here, your fellow Jew, Les, from Harvard, remember him? I've met him. He's a local hero here. The house of the King of the Belgians has stepped in to prevent the US government agents from murdering your classmate. I used your classmate's photo for my ZeroHedge avatar, I respect him so much, like many Belgians do.
Ben, why don't you say something for your fellow Harvard graduate Jew ... why don't you say something to Obama and that dork Sunstein?
As I understand it, it was a traditional obligation of Jews to try and stop people from killing other Jews ... so Ben Bernanke, why don't you say something for your fellow Jew, that Obama and the US government want to murder? ... The EU authorities are supporting him against Google and the US government crimes to murder him, the hoaxes your CIA plants about him on Wikipedia ...
It's good central banking, Ben Bernanke! Say something to those murderers there, who want to kill your fellow Harvard man!
Ben Bernanke, your classmate risked his life, he risked being tortured to death in a US jail cell, to try and defend human right inside the United States. He risked his life, Ben ... would you make a phone call for him from your office at the Fed? Ask Eric Holder to prosecute the people who murdered his colleague Rosenbaum, and who threatened to murder him? Ben, there's proof of all the felonies right online. Ben Bernanke, are you there? Harvard - 'Veritas' - truth, and all that?
Ben Bernanke, you can refresh your memory of him:
On upcoming EU actions about the efforts to silence and murder Ben Bernanke's classmate:
Report to the EU Parliament and the Commission of the European Union
Anti-Competition Crimes of EU Internet Monopoly Google Inc. (with CIA) and Wikipedia (with CIA), to Erase EU Journalism, to Slander and Murder EU - Polish Citizen, Writer, Journalist Dr Les (Leszek - Leslie) Sachs
http://www.indymedia.nl/nl/2011/07/77181.shtml
Original in pdf format:
http://eureportsnonzionistjews.hostfile.nl/file/0zndj5ea3v/410/nzjd-eu-r...
Live Photo: Google Inc. Caught Censoring EU Search Results
Google Internet Censorship - Censure d'Internet par Google - Internet censuur door Google
http://www.flickr.com/photos/22325431@N05/6100668211/in/photostream
Ben Bernanke, if being Jewish means anything to you, look at what your Harvard classmate did in photography, to honour your fellow Jews murdered fighting Nazis, the resistance heroes at the Enclos des Fusillés - Erepark der Gefusilleerden:
http://www.flickr.com/photos/22325431@N05/sets/72157619501412144/
Thank you for the post BGFB - an unforgettable post...God Bless you & yours as well as Mr. Sachs...
wow that's wild
I'm sure it's all make believe. I tried to find the Les Sachs wiki page through google and only got one removed site. Searching within wikipedia showed that there wasn't any Les Sachs site. The only sane conclusion is that Les Sachs doesn't exist, nothing to see here just move along. Oops, my Homeland Security profile just went up two notches.
Amen Seize Mars - totally agree - One very powerful statement...
My recommendation is to have Bernanke resign and resign today. Deliberate destruction of the US dollar's buying power, monetizing the US debt, and creating inflation in order to reduce the US debt load should not be the policy of the Federal Reserve. Yet that is exactly in a nutshell their policy and they have been doing this since 2008 in one form of QE or another. Bernanke knows if he fails to get this economy running on it's own and soon there will be hell to pay. The US citizenry will demand recompense.
From your mouth to God's ears, EA...Lord knows this trend must change...
My recommendation is to have Bernanke executed.....today.
close the fed and declare all it's debit to be onerous and not national debt owed by tax payers
The commoner peeps have the attention span of a meerkat. I suggest zany Fed commercial buys on DWTS...something like Ben singing ' it's a beautiful day in the neighborhood '. winner !