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Out Of Ammo?
It has been three years and nine months since the Fed announced 'real' QE1. Presented for your convenience below is the market's reactions then and for comparison we have included today's reaction. It seems the markets - whether Gold, FX, or Treasuries - have become numb (or engorged) on the Fed's actions. This leaves us with the sad conclusion, which the Fed will be last to acknowledge: the ammo, it's gone. It's all gone.
EURUSD - rose 370 pips on the announcement of QE1, rose 45 pips on QE4...
Gold- rose 5.4% on the announcement of QE1 but today (on QE4) Gold jumped 1.3% then faded back
Treasuries - When QE1 was announced Treasury Prices exploded in the then 10Y by over $4, today saw the same (now 7Y) bond price drop by around 4 Ticks...
Charts: ZeroHedge archive and Bloomberg
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GE wasn't a bank either, until they needed the TARP bucks. Bernanke and the Banksters will continue doing more and more for themselves at our expense as no one can or will stop them.
Dead Dick Bernanke; it must suck that the Viagre is no longer working.
People wake up. The Federal Reserve is a private bank in the business of printing and circulating FRNs. If the world is going to stop using FRNs (as the recent velocity indicates), then the owners will do the prudent thing and shut the bank down, even if it means they do so in default. Private banks fail all the time. The owners and creditors will simply go after anyone or any entity that has an outstanding loan, such as the U.S. treasury. If you are debt free and have physical assets of real value, no worries, although your neighbors might change soon. Hedge accordingly.
The Fed is not a private bank, it is not even a bank. Banks transfer and hold money. The Fed creates the shit out of thin air. A bank it is not.
Goldman Sachs is a bank.......but i have never seen any of their branches
Yes, I wonder if he thinks that the primary dealers are also "not banks". All private banks with no risk because they have their hand in your back pocket. You will backstop them whether you like it or not.
The Fed is very much a private bank, complete with shareholders. Let me guess, you probably think all the interest payments that go to the Federal Reserve are "make believe" too. Allow me to clarify, the Federal Reserve is a private bank with all the benefits of collecting interest and issuing new currency into circulation but that is above any laws regarding normal banks or the tenants of the U.S.S.A.
End the fucking Fed, better?
"End the fucking Fed" An up for that.
The problem is that there is no "legal" way to quickly undo almost 100 years of litigation or remove the agents of this fascist organization. They own washington, the judiciary, and the regulators. They have made it now perfectly legal to fold and claim all the underlying assets of any person or entity that owes them interest on debt. In essence they are a bank that is saying "you owe us" while simultaneously devaluing the very currency they expect you to pay them back with. Nothing short of a major revolution would undo this. Ben is simply passing the buck to the politico who are probably still too stupid to figure out they too have also been sold down the river.
Remember, in the empire of lies the truth is treason.
The politicos are put in there to service these folks. Just look at where they go when the are done with their "service."
Best one can say is of recent they actually ARE trying to minimize the impact. But a collapse is a collapse. Time has given us an opportunity to understand how to move forward: TPTB cannot state any of this lest the clock stop immediately.
The lie is meant to stall creditors for time. These creditors are external to the US. In the end it'll be they who get the biggest shaft. So, based on this strategy I'd have to say that we really haven't been sold down the river; we may take a dunking, but the water was always rising anyway.
petrodollar complex is a good source of demand for FRNs....$100 oil will get those excess greenbacks out....then the oil is burned and poof, yet the dollars live on....
The 99.9% are clueless and couldn't define QE if their life depended on it. They have no fucking idea and I really don't think they care.
Douche bags voted for Bush 3 times because he gave them a $1000 check at tax time ($600 after taxes) and look what they got. Not saying the current POTUS is a big improvement but, at least he is trying to end the wars of aggression.
I is so sad after being told "we live in the greatest country in the world". It was before Europeans arrived. Listening to the tripe being fed to everyone by the MSM and no one seems to care that their liberty is has long since vanished.
I read Florida has issued it's millionth this week. I suppose all of Palm Beach is packing now?
The Abenaki people that witnessed the arrival of the first English settlers and fishermen circa 1610 told Puritan chroniclers that they were filled with terror and foreboding from the very beginning, and viewed the appearance of the Europeans as a disaster that had to be managed carefully.
Clearly their "management plan" failed.
They actually entered into an alliance with France that enabled them, through war and diplomacy, to maintain *tiny* remnants of their historical lands to this day. They could not ameliorate the impact of European disease, though.
They knew they were in deep shit from Day 1.
"he is trying to end the wars of aggression."
Oh yeah, the reason for his Nobel Peace Prize....
Been away for a while?
Wander too far from the campfire?
Glad you said something. The line rendered me speechless.
Trying to end the wars???? WTF?
Bernanke: Fed to innovate if recovery stalls
WTF? "IF?" "INNOVATE"
BHWAAAAAAAA
Bernanke is a Hoarder. He needs intervention.
Keeps buying, buying, buying interest bearing instruments.
BTW, he lied when he said new LSAP is the same as OT2. RRRRight??????? "We're not monetizing debt"!
Lord Blankcheck is worried that people are getting too complacent about rates staying low. LMAO!
Emascalated markets. I can see Gold back down at 1540 by the end of 2013.
As much as people may knock the Bernank, he has called everybodys bluff. There is probably nobody out there who can trade equity markets with any certainty anymore.
" I can see Gold back down at 1540 by the end of 2013."
What do you think is going to make the USD stronger?
"There is probably nobody out there who can trade equity markets with any certainty anymore."
There was NEVER any "certainty" for anyone, unless, that is, you were an inside-trader, in which case you're really NOT a trader per se.
Bernanke telling half truths is not bullish for his reappointment
Keep talking for another 1/2 hour Bernanke... I actually was able to sneak in a small short position...
But Berkshire Hathaway is doing extremely well...
Market will close red just as I predicted.
Maybe we sell off more for a few days.
Then "Boner" will announce a deal with Reid and Pelosi, and then it will be off to the races again with world stock markets hitting new record highs by Spring 2013.
I lent money to myself also...via my pension fund...but it was not to buy U.S. debt. I bought silver with it. It was also essentially interest free. Two can play at this game Mr. Bernake.
What's The Matter Gold Bugs, $45B A Month Not Enough? http://chartistfriendfrompittsburgh.blogspot.com/2012/12/whats-matter-go...
I think u could be right. Though i will continue to hold with the thought that the show is really more of a confidence game than of rising prices - that ultimately gold will rally when the dollar makes its way back to its country of origin. Prices are not responding to stimulus, so the price of gold, IMO, is a reflection almost exclusively in the value of the dollar and the confidence in it. If TR's continue to sell off and foreign currencies begin to repatriate themselves, that money needs to find a place to crash. Gold/silver, seem to be a likely place. Ground, guns and grains another still. Beyond those instruments of value storage, the prices of all assets are going to get crushed. So, the stuff that you want = cheap. the stuff that you need = expensive.
LONG NY Fed Tungsten!!!!!!!!!!!!!!!
Cover your shorts quick... The the algos just blew their tanks...
Unemployment? No, no, no, “The public cares way more about jobs than they do what we do on this fiscal stuff,” ... Sen. Sherrod Brown (D-OH), Thank you Ohio
The Federal Reserve's 100 year charter is up this month. Why is no one pointing out this fact and demanding it not be re-chartered!
Final episode of Survivor?
Good point -but our politicians are incompetent and corrupt so the charter will not doubt be renewed for another hundred years.
Someone down-arrowed me. Is my statement not a fact, or does Ben Bernanke have a Zero Hedge account?
Apparently Ben and Timmy post at ZH.
C'mon Timmy, get your lips off of Ben's punky long enough to downvote me too.
Please provide your source saying the FR charter must be renewed.
It believe its charter was renewed in perpetuity sometime around 1938.
This is correct. Only Congress can dissolve them. I was simply calling attention to the source of the world's evil: central banking. It's been almost 100 years and the rich/poor divide only grows, the lies of wars become increasingly ludicrous, and humanity has lost its true identity. These people have been ruling through money for a long time.
" I was simply calling attention to the source of the world's evil"
Um, the way I read it is that you were making a statement of FACT (which has been called out);
"The Federal Reserve's 100 year charter is up this month. Why is no one pointing out this fact and demanding it not be re-chartered!"
We have plenty of false facts being hurled around, I'd hope that we here strive for a higher plane.
“… one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Bank.“ – Louis T. McFadden
A true Hero indeed.
I think that this post is a bit misleading. The FED's decisions have been priced into the market ahead of the announcements this time around. Keep in mind that gold jumped by nearly ~8% before the announcement. I think that you have to look back a little further as the FED has been telegraphing its moves well ahead of the actual announcements. Then you'll see a different story than what's painted in this post.
Um, gold has been dropping for 2 weeks. S&P is well off of it's october high. You have to be somewhat selective in dates to make the case the markets are frontrunning FED moves and even if you are selective I doubt you could make a case across all markets.
I will not Monitize the Debt. Famous last quote.
Finally a story that says that QE is no longer good for gold which anybody could have noticed weeks ago. Better late than never I guess.
I would never have believed 3 years ago that this amount of money would be outright printed and the price of gold be so relatively unaffected. The manipulation has been very well managed...to this point at least.
You may be right. Somebody is playing with fire ...
Everything is going as predicted, but not according to plan.
Shooting blanks...
Meanwhile, BTC is up 240% in 2012 from January. Must be the no-printing-at-a-whim that helps.
Sure beats 0.9% on a checking account. Can't help but laugh at what the banks throw at me in junkmail offers.
Suddenly, all those rounds purchased by DHS don't seem as scary anymore. These are the lower-bidder folks, right?
It is called Department of Homeland Security so it surely is only securing land where home is. There is no reason to worry. Move along.
Today was like watching The Hobbit:
Ben as Bilbo
The s&p as "there and back again"
I couldn't even be bothered today
half-life has reached no-life
http://www.youtube.com/watch?v=10Li4V1JH70
All of my ammo is not gone.
When the dollar's demise comes, it will seem that it came very fast.
there is no currency out there to replace it as "reserve". That is the ultimate backstop today; along with oil link.
Bottom line is that they (the .Gov., Benanke, et al), "print" digital fiat for the bank beneficiaries, who in turn buy/hoard physical GOLD for the end times. Manipulation of the precious metals + control of the printing press + control of the MSM = the biggest fuckover job in history. Pretty simple, and has been obvious and in plain sight for years.
i am relieved this story is about the FED and not about firearms. however it reminded me i have to stock up on actual ammo
Gold has not become numb.
It is managed....
The terrorist are in charge.
Ps...
I bet Benny boy is not out of ammo.
Real ammo I mean.
Ang gold did not fade back it was smacked back.
Same old shit,same old players.
John Cale - Antarctica Starts Here & Taking It All Away (Rockpalast 1983)
http://www.youtube.com/watch?v=ges4THjP6iI
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out of ammo? they have yet to begin / begun
to fight !
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Third Reich - Operation UFO (Nazi Base In Antarctica) Complete Documentary
http://www.youtube.com/watch?v=MwUpPwyyvLw&feature=player_embedded
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Reset Special Edition : Is Gold Manipulated?
http://www.kitco.com/KitcoNewsVideo/
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Chasing Ice movie reveals largest iceberg break-up ever filmed - video
http://www.guardian.co.uk/environment/video/2012/dec/12/chasing-ice-iceb...
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" snow balls " . happy holidays.
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Freedom is a Hammer: Vera Vanderlaan
http://www.youtube.com/watch?v=uCJqPyNCick
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cause and effect in time, seems there are
times dominated by effects,clearing the way
for past present and future causes, the cause,
and future effects. damn that ringing hammer
in the last link, it is annoying to the ear but
i guess that was the point? difficult listening
with not just a bit of cognitive dissonance.
it is not that things are getting insane but that
there is recognition of insanity as it becomes
undeniable and "visible"?
welcome to the machine ....