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Fed Pre-Monetizes 30 Year Bond To Be Reauctioned Off Tomorrow
Steven Spielberg gave us Pre-Crime; Ben Bernanke gave us Pre-Monetization. Moments ago, as part of today's concluded $1.464 billion market funding POMO operation, one of the issues purchased by the Fed was the 30 year Treasury identified as CUSIP 912810QZ4.
Why is this CUSIP interesting? Because at 1:00 pm tomorrow, the US Treasury will issue $13 billion in the form of a 29 year 11 month bond reopening. The CUSIP of the issue: 912810QZ4.
Because the only thing better than monetizing the US debt is, well, pre-monetizing the US debt.
The best part: The NY Fed's market-making (literally) desk at Liberty 33 didn't even have to pass 88 MPH.
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Tyler, FYI
Today's latest from the always entertaining Mr. Farage
http://www.youtube.com/watch?v=V72mZCDwmY0
“We’re not going to monetize the debt,”
Mr. Bernanke declared flatly.
Liar. He perjured himself. He needs to do some time with Bubba.
Seems the aution tomorrow is $2m lighter than the pre-monitzation of the today?
The daily vig.
Someone please explain what this actually means...
Is this completely new (not built-in) issuance?
Are they just assuming (not very hard to) that the FED is making the purchase at this point?
Preposterous predetermined premonetization
Look, it's a Federal Reserve Pre-Cognitive Open Market Operation!
FUCK YOU AND YOUR SHALOM, MOTHERFUCKER!!!
It's true that he lied, but at least it wasn't about something truly important like steroid use in baseball.
He perjured himself. He needs to do some time with Bubba.
Right, and where is Jon Corzine these days?
Bankers don't go to jail. The politicians are far too reliant on them.
The system will NOT be fixed.
The Bernank might want to pre-monetize his retirement, since he's out of his ear when his term ends next January.
You know he's leaving, because the Federal Reserve is poised to lose up to $500 billion as rates rise, leaving it INSOLVENT.
Nice work, Ben! What are you going to destroy as an encore -- civilization?
Hang in there. The reset starts this year.
Which is why it WILL break.
DavidC
No its called executive privilege so it can not be a lie!
Yeah Yogi,
right in the big house!
This scumbag has a set of balls on him even Slick Willy envy's!
Bernanke, destroyer of MIDDLE CLASS working Americans!
Rot in hell you prick!
And his european scum counterparts are on record saying " When it's serious, you have to LIE" This man is nothing more than a common cockroach. A discredit to the honest Jooos of the world.
I suspect that the "when it's serious you have to lie" and the "doing God's work" phrases were both bandied about in the same top level meeting of the WFed and the banking execs when they discussed how to handle the crises/predicaments facing people.
Am I right Ben?
So in summary, it' ok to lie if you think you are doing God's work.
Sounds like the same faulty reasoning many ex spouses use when they pervert justice and betray the truth, themselves, and others.
Religion is supposed to put a break on and curb sociopathic rationales like this. It would seem ironic and hypocritical for religion to be used as a justification/rationale of sociopathic actions.
When they lie they are indeed doing their god's work. Or at least -- the work of some divine being.
It's just not the divine being you are thinking of when you say 'God'.
Their god has cloven hooves.
Pleased to meet ya, hope you guessed my name ...
Europeans were taught the "Larry Summers school of thought" that you need to lie, lie, lie to get market confidence up. This wisdom was probably passed by Geithner, on one of his many trips and phone calls to Europe in 2011. That's why a great majority of our economic data is now rigged, as Obama has put Robert Rubin puppets in key places such as the Treasury, BLS etc. No coincidence that economic data went from terrible on October 2012 (gasp, right before elections!) to wonderful shortly thereafter - a miracle! No wonder Hilda Solis "suddenly" left the BLS to be replaced by a new shill...
Do you believe for a minute the GDP and industrial production numbers in Europe (not to mention the German "confidence" indexes, what a UMich joke!) when car sales in France and Germany now are 10% below year ago levels? I guess the shyster "investors" JPM, GS et all do...
it did fall flat
How did they know on March 7th that they would own this specific ID that they didn't buy until March 13th? </sarc>
Yeah, and have a look at this: http://economiccollapsenews.com/2013/03/13/jim-rogers-the-saving-class-i...
your jacket is now dry!
;-)
No doubt Gordo. All we can do is smile at the absurdity of the situation.
FUBAR...
When you can't print money fast enough today, you simply print it yesterday as well as today. The possibilities are truly mind blowing!
I'll gladly trade you a bond today for fiat on Tuesday...
The money isn't printed, they wire money they don't even have.
How currency is made, bitchez!
Philip K. Dick gave us "pre-crime." Stephen Spielberg gave us 1941.
You got me by 2 seconds :-) fucking wank Speilberg couldn't lick Dick's balls
"A seasonally-adjusted Philip K. Dick = Steven Spielberg"
- BLS
Gotta love a guy who admits he is wrong eh?
If that girl got a back scratcher, she wouldn't have to scratch her back on a tree.
Ok. That was funny.
Do Drones Dream of Complacent Sheep?
Good one.
Let's not forget that Minority Report was a pretty good flick. I think Mr. Mapother's best acting job to date.
:D
Funny thing. Deckard and I turned out to be replicants.
More human than human is our motto...
On a long enough timeline, everything turns to kipple.
Who came up with this idea Jamie Dimon? What are the chances that the WI seller covers higher? I'm guessing zero.
Let's see...printing dilutive money to buy non-existent debt for an indefinite time period to manipulate the price of money downward before the first leg of the trade causes the opposite outcome.
I think this is the synthetic equivalent of being short the USA on a when-issued basis but I have to check the math...
Jamie Crimin, Lloyd Blankheart, Ben Schlong Bernanke, who gives a fuck who came up with the idea. Jail the motherfucker for crimes against humanity.
"Fed Pre-Monetizes 30 Year Bond To Be Reauctioned Off Tomorrow"
Pre-Crime a la Minority Report?
<Besides Tyler, it's already March 14th somewhere in the world.....right?>
When will the bond vigilantes decide enough is enough?
Extinct. They all drowned in the great (currency) flood.
Tyler. Please issue a retraction. Philip K. Dick gave us Pre-Crime not some sugar coated piss-ass movie director.
Schpielberg gave us Lincoln, who gave us greenbacks.
Wheel in the sky keeps on turnin' ...
The only thing left to be revealed in this never ending financial crime wave, this full on assault against the free market by Ben Bernanke, is...as you have suggested many times Tyler...for the Federal Reserve to announce the S&P closing levels at the opening bell.
This is a complete financial market wasteland. Thank you Ben Bernanke, Washington DC, and criminal Wall Street syndicate.
Now preventive QE interventions in fear of mass plunge destruction.
These criminals and their banking "directors" schedule the heaviest POMO volume and 10yr and 30yr bond auctions ALWAYS on Wednesday and Thursday of options expiration week. They could put it on any day of the month, but no, they blatantly and arrogantly schedule them for the day when they can get the most bang for their own buck - for all intents and purposes confirming that manipulation is the name of their game.
When will someone step up and put an end to these gangsters rape of the american people?
QE4eva does mean forever.(Until it isn't)
Complete the following puzzle:
F___ Y__ B_______
Hmmmm.. For your business?
(Printing) For Your Benefit?
Fiscal Year Bonuses.
("F*ck You Bernanke" was too obvious)
Fart Yam Balloon
_________
| |
| 0
| /|\
| / \
|
|
:)
The cool thing is, the NSA's all-seeing computers can't parse simple typography art.
They're smarter than the average amoeba ...
Filling Your Boots
FreeYourBalls
If this is not collusion, then I don't know what is.
They are buying back a security before they know it's price! How can they claim that they pay "fair value" and that this deal is transparent?
At the very least, they should buy back securities from anyone, including direct and indirect owners that participate in auctions.
Yikes. Are the Primary Dealers having a serious liquidity crunch that no one has told us about? I don't like the smell of this.
Earth-shattering Ka-Boom on deck, if so.
Crash-positions, folks.
There is now only one primary dealer, and one primary buyer, both entities of the USG.....
Pre monetizing is a sign that we have left the blade of the proverbial hockey stick far behind and are now rising up the handle so fast that we are about to go flying off the handle.
Look for the 85 billion a month to increase soon.
I hope so. I'm patient, but, the sooner the better I think. Can kicking will only increase the pain later.
Pre-hypothication? Time Bandits anyone? Is Bernanke the new "Supreme Being"? What a crock of shit!!!
The Adventures of Baron Munchausen.
Much better movie. A classic, I'd say...Bertholdt!
http://www.imdb.com/title/tt0096764/
:D
Without more global conflict and fear, the dollar bubble will soon rupture. Where is Dick Cheney when we need him?
You're right, Kim Jong Un is trying but apparently he's no Dick.
He's probably recharging his robo-heart so he'll be full of energy when he shoots his friend in the face later this afternoon.
So the chicken really did come first?
What in the name of all that's holy?
Where can I get in on this action? I would love to buy 50bil of bonds with a guaranteed profit the next day. I would gladly scale up to 1T if anyone has the dough to loan out ....
TYLER,
Why do you use terms like; "Monetizing the debt"?? Call it and keep it simple, so that every azzwipe consumer gets it - Cash for banks to levitate stocks...Period! The average US space waster doesn't know monetizing from mamograms...Think, Steve Liesmen or Bob Pisani!! We would all be better off if we quit using the borrowed language of finance.
monetizing is more like breast implants than mamograms
Pre-monetizing breast implants today, designer vagina bonds tomorrow.
The Fed emperor (Bernanke) has no clothes.
The Fed advised Japan, now it's blowing up.
and now Japans utilities are hiking rates, (the US will follow them into a stagflationary hole - remember the 70s!)
That's why the yen pairs have to come off. Too much, too soon.
USDJPY to 90, then a nice, slow and relaxed ramp back to 115.
:D
Front running to the third power. Or maybe it's Front Running Of The Third Kind (more Spielberg plagiarism). Or maybe the Fed is Exploratory Trading like those HFT scumbags in search of a way out of the disaster, also known as the Fed Balance Sheet. Who says the Fed isn't creative. But, it's a sad state of affairs when you have to try and outsmart the TBTF banks who are supposed to be helping you solve the problem that they created in the first place.
Only one acronym sticks in my mind from all this: SNAFU.
Fannie and Freddie blew up.
Third one's the charm: Feddie FUBAR.
When foreign central banks start cashing out the $3.3 trillion custody account, no one can hear Ben scream.
yeah its time to get Congress involved, this front running has got to stop, even if it is a devious way to tax people who otherwise don't want to pay their taxes. we are heading for the moment when bond buyers will paying more than the coupon just for the privilege of holding their paper.
You can't make this shit up.
Broken record, but still....
This site makes me truly laugh out loud more than anything else on the internet.
Un-fucking believable.
Let me tell you this bernank, when the time comes you nefarious little fucking shit, you are dead, as in torn a-fucking-part.
Too many people know the truth now you poisened cunt of a whore.
I look forward to seeing your lifeless body on the evening news you hateful dwarf twat.
Clearly your intentions are good. But must you sugar-coat everything? ;-)
He'll manage a getaway when he's ready, remember, he has two passports.
In other words
Government to the FED...
"Will you just hurry up and give us the fucking money now???"
pre-capitalism
pre-democracy
pre-feudalism
on your knees, serf!
Supernanke can monetize at the speed of perjury!
WTF?!
Don´t you wish you knew the whole truth..at what is really going on....I do....but all we get now are bits and pieces of facts we have to dig to find out....it is us vs them....
The system is beyond repair.
It is a system now..an entity on its own... would love to learn how it works from the fly on the wall perspective...they have to have meetings to think this stuff up....actionable stuff....and they have to agree to it..and discuss the pros and cons I would think...there has to be some employees sweating over there..knowing what they are doing is borderline wrong...or blatently wrong...but those guys left already I think..or were fired...only the yes men are still working there....its criminal now...their end game is suspect at least...I hope they have one...I think they think they do...I do not think they will succeed..they are just buying time...time for what???? the world to go into 6% annual GDP´s....good luck...these Central bankers have to be able to see other countries balance sheets to see that to much spending and not enough income is happening...all across the western world almost....and that is not good....if inflation is their end game...then that has its food problems....lots of starving people will come out of it...I would not want to be a part of that...my legacy of killing people just so some banker does not lose a penny...
anyone know where I can go to learn about all the info on the public debt news (above) like why the original issue date is Feb 15th and they are being sold tomorrow? Do they get the interest from feb 15 to tomorrow?
Thanks in advance.
Yes. Actually the Treasury's site is quite good:
http://www.treasurydirect.gov/RI/OFAuctions?form=histQuery
This is probably a re-opening of a previous issue. They do that frequently.
Here's the announcement:
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2013/A_20...
It's a re-opening. Accrued interest starts with the March 15th issue date for the re-opened bond.
He wont rais interest rates till 2015! ofc you wont..
Get to Work Bernanke........Yesterday !
So why does anyone, other than the cos. that don't , pay their taxes at all? Other than to enslave the masses with a tax burden, it seems Uncle Ben sure has tools on his utility belt that Batman fantasizes about.
Max Keiser's "Just In Time" Poverty scalping by the Wal-martiquois Arkansas natives dis-intermediated by "pre-poverty" via behavioral economics and the Sunstein nudge back into the Higgs Boson future.
Can you imagine the monetisation acceleration if america goes to war with china.
today the fed will be issuing 5 trillion usd of bonds with a 60 year maturity
ha ha ha
inflation coming...
'inflation coming' - yup. make few purchases, buy second hand, grow your own food, avoid contracts and loans.
starve the beast!
You forgot brew your own favorite bevie.
:)
https://www.youtube.com/watch?v=r0BhM1XvzV4&feature=player_embedded
I've spent over seventy years in the scientific belief there is no perpetual motion machine. Until now.
Hey I only thought that pre buying a pre issue was possible with Bitcoin....
It doesn't really matter if the fed monetizes the debt or not, there will be no inflation in the U.S in the foreseeable future..Inflation expectations are based on an entirely wrong theory between money supply, liquidity, and inflation...That's why for almost four years, markets are anticipating an inflation that will not come..
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2194959
The money is not out of the Bankster hands yet, so the first signs of inflatiion are the price of homes on Long Island with more than 24 bedrooms.
Wow, the banks wont even buy the debt without getting the cash first.
I need a good analogy...is this the same as...
Mailing $1,000 check.
But the day before you mail it, take a copy to the bank and cash it for $1,000.
This is like the bank giving you cash today for a "promise" that you to send a check dated tomorrow to a third person in return of a check dated 30 years from tomorrow from that third person that you give to to the bank today.
'
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This stuff just boggles me, but after 2 years of lots of reading, I'm getting the basics of understanding this financial wheelin'-'n-dealin'. Understanding, at least, the shitrats.
What worries me, is the stuff the FED is doing that they're NOT telling us about.
•J•
V-V
Watch the bass clip, I cant rememeber what banker said it, "whenever its really bad you just have to lie".
But I really dont see the big deal here, the treasury issued the bond a month ago, so the fed just bought it before it went to auction. I think it took a total of 3 min for some peon at the fed to call some peon at treasury and say, "hey I need to throw another few billion down the black hole of US Debt, what you have for us this week? ok, sounds good now that I have that done I can cut out early tomorrow and take a long weekend. thanks buddy"
What happens if someone buys the full bond offering and doesn't sell it to the fed?
Who did they buy the bond from I wonder?