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Global Assured Destruction, Or How Bernanke Now Holds The Entire World Hostage
The one headline we have been waiting for for over four years has just hit:
- BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE
Not when, if. And there you have it: if the Fed exits, the world (and most certainly Japan) gets it. Thus, for the sake of the children (who will have inhert about $100 trillion in debt but don't worry: debt is an asset as some "analysts" will promise) Bernanke can never exit. QE...D
And since never is a litte longer than 2016/2017, at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it.
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Hope for the best, prepare for the worst!
this thread reminds me of the ending in Animal House where the dude takes the marching band down the dead end street...and they follow him "but they keep going into the wall. forever."
It does not really matter. It's too late. A full reset is coming.
the sooner the better.
Just like your garden variety ponzi. Is it better to keep the ponzi going because stopping the ponzi now means immediate pain or to keep the ponzi going, postponing the large bout of pain but ultimately increasing the devastation?
But what does that mean? Are ZHers loading up on debt or getting rid of it?
"guns...gold...you can skip the God" it would appear. sad really. turning your immortal soul over to a Vampire to do as he pleases...forever. i'll stick to my conjuring ways thank you very much. of course unlike a Vampire a Wizard of Id...
A full reset can be defined in different ways. So what is likely? a) dropping one or two zeroes off a dollar as Russia did a while back, b) allowing hyperinflation and then do 'A' (maby) , c) allow the banks to close and stock market to crash without protection, followed by civil unrest and fema camps (unlikely) c:) declare a new world reserve currency (unlikely) d:)start a war or false flag event with suspension of civil liberties and erase gov and bank debt is some sort of creative scheme with an inspiring title like 'new patriot restoration deal' or 'gold reserve revitalization deal'.... (maby)
The limit that the Fed has is not how much money it can and will print. The limit is the velocity of that money and money velocity has been stagnant to declining lo these 4 years since the advent of QE. At some point in the near future, that velocity is likely to begin contracting. You must have wages (or government support) to grow an economy. We're still losing full-time jobs and the government subsidies can't make up completely for the incomes lost.
Bernookie has already said no exit until unemployment gets down to 6%, and that ain't happening for years.
When it does happen, a slow exit will be possible as 6% unemployment will mean much higher tax revenues to help pay some higher interest on the debt.
Operative word being sloowwwww.....
Hmmm. 4 down arrows so far. I wonder if hey disagree that it will be years before the unemployment drops to 6%, or if they don't think QE can be walked back slowly enough to avoid disaster?
I'm guessing they disagree with the latter. And they could be right. And they could be wrong.
I think they are dealing with a static model fallacy so I think they are wrong. They are so determined to have a crash that they can't see that we are in the crash now, and working our way through it. Yes, it will get worse. But Europe has to go first, and that hasn't happened yet. And it helps the PTB more to not have a total reset.
So, we won't. Remember, they always do what's best for them.
AHHHH - HELP ME OUT HERE - ANYBODY??? 'IF' AND I AM SAYING 'IF' THE FED OWNS 100% OF MARKETABLE TREASURIES IN THE 6YR TO 30 YEAR RANGE - EXPLAIN TO ME HOW THE "HECK" CAN THE US DOLLAR REMAIN WORLD RESERVE CURRENCY???????????????????????????????????????????
WHAT WILL SURPLUS $$ USD BE RECYCLED INTO?
TO OWN ALL MARKETABLE TREASURIES IS TO RELEGATE THE US DOLLAR???
ANYONE?
Then we need the U.S. Government to spend more and issue more treasuries. I hear they're getting proefficient at it.
Problem solved.
Anyone who thinks the $US can remain the global reserve currency after this clusterfuck is dreaming......all the BRICS are doing is making sure they have all their dicks in a row before releasing the new 'basket of currencies' on the world....they will then use it to trade and the $US can go fuck itself. I expect gold to be included in the new basket as China, Russia, India and South Africa have lots and lots of it (thank you Ben and the CB's) and as it will look better to the EU who will promptly adopt the new 'whatever it is called' (they should probably just call it the Yuan but that might be a little obvious).......
whats a $100 trillion or more when it's someone else's money, right buttwipe bernake?
bearish for pms. no?
Right, because PMs always perform poorly when rates are rising... unless they perform spectacularly like they did in the late 70's (when rates were rising) and in the mid 2000's (when rates were rising).
Another 32,000 ounces gold left the Comex yesterday (Scotia Mocatta not JPM sadly) - that's about a tonne, right?
Same as left the same warehouse on Friday. A tonne must be all the truck can take...
http://www.cmegroup.com/delivery_reports/Gold_Stocks.xls
rising rates? when?
did I say bearish?
when central banks hold all the treasuries
does that represent the point of zero or infinite
liquidity for the currency?
beats me but it all sounds like some kind of
massive systemic monetary failure
with very few forms of monetary
and financial protection available;
a host of potential opportunities and scams
in the wings, waiting.
Interest Rate Swaps will blow up. That is the intent. Maximum damage at one shot.
It's not if, it's when. It's not up to the Fed, it's up to Obama.
Internal civil war inside gov going on:
http://www.breitbart.com/Big-Government/2013/05/21/Report-Benghazi-Terrorists-Remain-Free-Because-Obama-Won-t-Allow-Military-To-Seize-Them?utm_source=twitterfeed&utm_medium=twitter
This is quite telling.
He does not want them arrested and talking, I think.
Something, something.....
Conflict in the open with the military. This is bad, quite bad.
This stuff used to always happen in the shadows, never like this.
QE is dependent on this, big time. Big banks are cutting into the military's pie, IMO and the military is enranged.
Civil war.
Yes, my sense are tingling too: the sacking of two general officers and take down of Patreus too.
Petraues takedown to avoid his testimony. Oh shit, the government or the military.
I'll take neither?
This looks like it's going for impeachment, my God!
Why do you say that?
I don't know. Benghazi must be a real fuckup, otherwise we would have probably never heard of IRS issue. They leaked it to distract from Benghazi I'd say.
Bob Woodward is making sure benghazi stays upfront
Meet Mr. Maxwell...stuck in the State Department bureaucratic jail but still defiant...and a poet ;-)
"Trapped in a purgatory/of their own conceit…/The web of lies they weave/gets tighter and tighter/in its deceit/until it bottoms out -/at a very low frequency -/and implodes./It may be just a matter of perception –/they can’t undo their wrongs/for fear it’d undermine their/perceived authority –/an authority they think they require/to stay in charge./Yet all the while,/the more they talk,/the more they lie,/and the deeper down the hole they go./There’s nothing I need to go back to -/nothing to re-litigate -/nothing to defend -/and certainly nothing to prove/to the unworthy./Just wait…/just wait and feed them rope."
http://www.examiner.com/article/raymond-maxwell-says-he-was-a-scapegoat-over-benghazi
WOW
This is going to lead directly back to Cheryl Mills, then Hitlary.
http://floppingaces.net/2013/05/20/bengahzi-scapegoat-mid-level-state-department-official-is-talking/
//////////////////
Lemme drop this puppy in here...
"More whistleblowers will emerge shortly in the escalating Benghazi scandal, according to two former U.S. diplomats who spoke with PJ Media Monday afternoon.
These whistleblowers, colleagues of the former diplomats, are currently securing legal counsel because they work in areas not fully protected by the Whistleblower law.
According to the diplomats, what these whistleblowers will say will be at least as explosive as what we have already learned about the scandal, including details about what really transpired in Benghazi that are potentially devastating to both Barack Obama and Hillary Clinton.
The former diplomats inform PJM the new revelations concentrate in two areas — what Ambassador Chris Stevens was actually doing in Benghazi and the pressure put on General Carter Ham, then in command of U.S. Africa Command (AFRICOM) and therefore responsible for Libya, not to act to protect jeopardized U.S. personnel."
End
http://pjmedia.com/rogerlsimon/2013/05/21/pjm-exclusive-ex-diplomats-report-new-benghazi-whistleblowers-with-info-devastating-to-clinton-and-obama/?singlepage=true
Whistleblowers with balls are rare.
Those guys, if true, have strong backup.
If true, yes.
We're going to keep digging until we get to it...the truth.
heads up in the very near-term future for possible false-flag type 'events' and/or way over-the-top blatant over-coverage of bogus 'news' (*cough jodi arias *cough*) .
So he gets impeached and we get Joe balls in your face Biden? I guess he is the perfect guy to have the whole thing implode on. He would be angry anough to start WW3 no questions asked.
Obama won't be impeached, he'll be neutered.
Just wait till "healthcare" kicks in full force ;-)
when that kicks in i will be neutered. I need that not to happen pretty badly.
looks like his blog has been deleted.
folks need to find Mr. Max and protect his ass from the Men in Black.
i'm being dead serious.
Yes they are going for impeachment. What better way to rip the country apart than to bring down the first black president?
Quite risky.
Least risky is to pile up the facts until a majority screams for it.
That makes sense.
Impeachment? Really? I think he is going to get a medal for how well her is persevering under pressure. I mean he his doing an amazing job managing his position with so many low level employees acting out on their own and accidentally damaging his reputation.
Actually that makes him look that as if decisions are taken elsewhere and nobody asks his opinion.
It makes him look as if they just put a piece of paper for him to sign in the morning and off he goes golfing.
He's supposed to make all decisions and know everything.
"It makes him look as if they just put a piece of paper for him to sign in the morning and off he goes golfing."
That is leadership in today's world, and he excels at it. The fact that he has the intestional fortitude to continue to go golfing in light of everything that is taking place only speaks to his leadership sjills under pressure.
Agreed. But the outside world is not supposed to see that, that's what I mean
he may have made one too many decisions this time.
Seriously though, when they turn on you in DC it is ugly--maybe that's because there's no real loyalty in a town that's all about power.
Alliances are extremely fluid
That's the nice way to say it. You might also say it is a City with a self selected population of opportunistic, borderline (at best) sociopaths with no principles.
Congress is made up of over 80% lawyers. So your point about flexible ethics is?
Impeachment not going to happen.
Conviction even more of a stretch.
Though it is a good thing Obama never got that paramilitary force built that he wanted.
Lol, impeachment???
They gave this guy a peace prize for killing people!!
oh the irony...
bernanke and obama had a chance of historic proportion to set things right back in 2009 ... they missed it. They had chance to at least keep things sane back in 2010 ... they missed it, ... then again in 2011 ... now they have blown a bubble built on top of premise of indefinite free money and government spending.
Boy, these two morons really fucked it up ...
Roundup the population into FEMA camps because of [insert threat/event here].
Roll out the new currency (Currency X).
Inform the FEMA camp laborers that all their future trade will be conducted in Currency X by mandate. Dollars may only be used by licensed dollar holders, all of whom live outside of camp.
Print enough additional Currency X to buy up dollar-denominated US gov't debt in full.
Dollar strengthens and remains reserve currency. Interest rates are allowed to rise.
Currency X hyperinflates. FEMA camp workers' problem now.
All it takes to set up a FEMA camp is vehicles to drive up with weapons, not let you leave a town, wrap barb wire fence around it and IF they feel like it, put up some FEMA camp signs. You won't be sent to the camps - you're in 'em.
FEMA camps, Venezuelan style. The precedent has been set, courtesy of, "A deeply-rooted socialist ideology, absolute territorial control and financing from the government...":
http://in.reuters.com/article/2010/07/05/idINIndia-49902820100705
CARACAS | Tue Jul 6, 2010 5:21am IST
(Reuters) - While President Hugo Chavez struggles to revive the battered bolivar, in a hillside slum overlooking his palace, die-hard supporters are talking about getting rid of the Venezuelan currency altogether.
Welcome to the 23 de Enero barrio, home to about 100,000 people and something of a laboratory for Chavez's nationwide socialist experiment. Here you find dogs named "Comrade Mao", and even a "revolutionary car wash."
"We are creating a popular bank and are going to issue a communal currency: little pieces of cardboard," says Salvador Rooselt, a soft-spoken 24-year-old law student and community leader who often quotes Lenin and Marx.
Some 20 militant groups sometimes described as Chavez's "storm troopers" run this urban jungle in western Caracas, where hulking concrete buildings daubed with colorful murals -- one depicting Jesus Christ brandishing an AK-47 rifle -- show off the neighborhood's radical tradition.
"We are giving capitalism a punch in its social metabolism," said Rooselt, of the Alexis Vive group, wearing its trademark bandana with the image of guerrilla icon Ernesto Che Guevara around his neck.
A deeply-rooted socialist ideology, absolute territorial control and financing from the government have allowed Alexis Vive to put into practice some of the ideas Chavez is struggling to implement in the rest of Venezuela.
...
Coming to a city near you...
Hey, wait.
Z! What did I tell you about hanging out with Prime?! Get back to my avatar space this instant!
(His first day on the job and already this...)
How the fuck is Gold not Up 19 Tuesdays in a row ????
bens little shit eating button pushing monkeys
How come 909 people drank poison kool-aid at Jonestown. It's because modern economics is not a science or a study of mathmatics it's a cult and when the Right Rev Benny of the Church of the Eternal QE says drink by God you better drink.
FRBJ - Federal Reserve Bank of Jonestown
because gold is an antiquated relic from prehistoric times that central banks are NOT buying. but - they are buying stocks, so it is recommended that you sell anything that central banks are not buying and buy stocks as soon as possible. you wouldn't want to miss out on this.
and - i suspect if you wanted home equity and told the lenders (preferably BOA) that you wanted to take out equity to buy stocks - especially really, really CHEAP ones like BOA - you would get the $$. so again - please don't wait.
I assume that is a rhetorical question, but in case it is not, your answer will come if you challenge your own assumptions.
You might find it easier to answer the question, 'Why is everyone not a Moslem?' Answer that question and you've answered your own question.
"Value" is the ultimate democracy. But don't worry: there's always another election coming. Your candidate might win next time.
BOK assume Korean central not Oklahoma
What happens is that parts of the world that are capable of detaching from the system will be at war with central bankers and in particular the US FED. That means targeted attacks against central bankers and the locations where control of their system must be maintained: US dollar reserve status. US Gold Reserves, Oil Reserves. Global Corporate interestes.
Bernanke and Washington DC have entered the innocent citizens of the United States of America into war against the rest of the world and they are now forced to use mercinaries to fight that war. But the countries that they have entered into war against, China and Russia, Brizil and India and at least 74 other countries are free to use their militaries against the US. Additionally 51% of the Americans want Obama impeached. Obama and the CIA have positioned both the DHS and the US military to be in charge of the US Citizens. A civil cold war has been started by the FEDs against the citizens of the United States of America.
Is it any wonder that movies like Assault on Wall Street are being promoted by the elite. Some elites are now actively against the FEDs and Washington DC. The shit is falling into chaos at a rapid rate. The NWO is losing control of even the mainstream media. We the people of the United States of America are winning the cold civil war simply because the corruption on Wall Street and in DC is so severe that it is imploding in on the treasonous traitors. Very similar in the EU. The NWO is losing just as fast as it did in Virgil's day. They are toast and we have a lot of work to do.
Time to back away from the FEDs and regroup at the State level. Check out http://www.peakprosperity.com/featuredvoices/81915/rep-ken-ivory-dan-griffiths-creating-financial-emergency-plan-states
Secession is an answer.
I agree with everything except this:
Bernanke and Washington DC have entered the innocent citizens of the United States of America into war against the rest of the world and they are now forced to use mercinaries to fight that war
The U.S. citizens are hardly innocent. Through their stupidity, apathy, and self centeredness, they have allowed this shit to build up to this point. If the citizens weren't so stupid that they fall for this red team blue team shtick, we wouldn't be in this mess.
Agree with you Doc I think it is a lesser moral crime, but to comprehensively vindicate this populace would be as undue as doing so for Germans from the 1930s.
But if the citizens outside the US are dumber than the US citizens, Bernanke will be able to print enough fiat to buy everything in the world.
I love when a plan comes together!
These fuckers are in quicksand now, the more they squirm, the quicker they'll sink. Rats flee sinking ships, fellas.
Global Assured Wealth Destruction or GAWD for short. Benocide on behalf of GAWD. Fuck you Ben, fuck you very much.
so THAT'S what Blankfein meant! It all makes sense now
What were we talking about?
http://www.youtube.com/watch?v=wG6wio8azyE
when the circle completes the fellowship of the ring will be down to one : fED.
I asked a French technocrat close to their nuclear program : What happens to french nuclear KW cost when we shut those old reactors, 58 of them, down in the next ten to fifteen years, to decommission them and replace them with newer models WHOSE FUTURE INVESTMENT COST MUsT INCLUDE DECOMM + SAFE WASTE DISPOSAL FOR NEXT GEN ?
He replied : WE CAN'T AFFORD TO STOP AND DECOMM THE OLD ONES EVER !
So France will be faced with a nuclear KWH cost that will shoot thru the roof OR we will have an accrued risk of 58 Fuku type breakdowns in the old pressure kookers that will blow up like those other pressure cookers did.
What do these financial and nuclear technocrats wear under their hats? A time bomb for a head?
"escape velocity" sounds an awful lot like "get me the phuck out of here" actually. as in "Chicago got elected but New York got all the money...and then some."
BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE
Not seeing the problem.
Go call someone who gives a fuck there Kim.
I've got my Orville Redenbacher, so I'm all set.
Yep, the madness makes sense.
And I believe that ZH and quite a few commenters have long had doubts of any feasible plan to exit QE, despite the recent disinformation from numerous talking heads that it will be tapered off this year.
QE, or at least the component invested in Treasuries, has to taper off now. The debt ceiling has been reached. Issuance must be limited to rollover until the end of August. But have no fear, this Fall QE will ramp up again.
If QE used to buy Treasuries is tapered off, will that not cause an earthquake in the bond market?
guillotine/crimson can't be denied.
China, which I have no love for at all. Has America by the balls, beautifully. Right now you can see USD buying (also South America), and selling of the long end of USTs. That is China, offsetting exporting inflation from Bernanke and forcing rates up on the 30yr. Just a taste. Next move would be to deal wit the Japan that has lost it's marbles = which is war. Safe haven flows back into China, Chinease stocks could go bid, while America and Japan (and everywhere else) takes it in the neck with a huge stock crash that will force credit spreads/rates to widen and total absolute internal chaos.
We are so f*cked up it is beyond words. The longer this rallies, while liquidity is tightening, the bigger the bust which will blow out everything like a house of cards.
From FT Trade war to war (Japan v's China)
Chinese exporters do not need a devaluation of the yen. Many Chinese products are in strong competition with Japanese equivalents – think of cameras and televisions. The yen devaluation is hurting producers of these goods. This is at a time when Japanese exports to China are rising because of relative quiet in the dispute over islands in the East China Sea.A Japanese recovery based on a devaluation cannot last. The most important reason for this is geopolitics. Against the backdrop of quantitative easing by several central banks including Japan’s, China, Taiwan and South Korea are all facing the problem of currency appreciation. The falling yen is salt rubbed into their wounds. Nationalistic sentiments against Mr Abe are high. Strong economic policy reactions from Japan’s neighbours are almost inevitable.
If the yen devaluation continues, China and South Korea may well have to interfere in the foreign exchange markets to stop the appreciation of their currencies. Trade disputes may emerge against certain Japanese exports. Finally, Japanese investments will be placed under increasing scrutiny.
Our 'leaders' are insane:
http://youtu.be/ZfjLC5Wo-Us
When this does go, it will be triggered by a staged middle east conflict with a deliberated triggered limited nuclear exchange, which is designed to crash the world markets on purpose. The following bank holiday and inability for Joe Six Pack to buy or sell in the US will lead to riots on US streets, which will be carefully allowed to fester until the US citizen is begging for their own martial law enslavement. Russian peacekeepers will be brought in under UN beret to assist in quelling the uprising with the full blessing of a UN obedient Obama. Following this a UN currency shall be issued, that will be backed only by 'digital gold' administrated by a nameless faceless EU elite. Gasoline will approach 8 dollars a gallon in the US, with the majority of any jobs being in government security / enforcement.
Gasoline will approach 8 dollars a gallon in the US, with the majority of any jobs being in government security / enforcement.
Jeeze, That describes france today!
Can the Bernak front run himself?
yes, I think that his function, the
prerogative of power.
they prefer the term "orchestration" and
referred to greenspan as the "maestro".
that is master front runner in English. no?
Come on guys - he just holds it to maturity and the FED is the richest dude on the planet; or he trades it back to the Treasury for a Thank you; and that portion of our national debt goes away. Yippee; and rates stay low forever. What's the problem? It's all just entries on computer drives; it is not really money in any sense that the folks use or understand. Who gets hurt? The rest of the folks holding US Gov paper are better off. The Fed has prevailed and Ben goes into the history books right next to ................
What I can't work out is why would Western banks be manipulating PM lower just so the East can buy cheaply? It makes much more sence for China (& Russia to some extent) to want to keep prices low in order to buy more phyical then in a couple of years dump all their TBills into the market all at once (after a few more bi-lateral trade deals are made and larger swathes of Africa become Chinese money dependent)
This would generate instant mayhem in the markets..... China would have a good excuse due to all the Western Money printing.....Then, of course, China could become the savour and announce a gold backed Yuan to save the worlds economy.
Anyone know any reason why this wouldn't be possible?
"What I can't work out is why would Western banks be manipulating PM lower just so the East can buy cheaply?"
Side effect, not motivation.
Its part and parcel of having the world reserve currency. The West is basically bluffing the East, saying: "You'd rather have precious metals than mighty US Dollars? OK, we'll take those dollars off your hands then! Here's your worthless metal." *laughs heartily with buddies*
Its a bluff, you get it. If we say, "no, no, we want to keep the metals, you keep the dollars," well, confidence erodes immediately. The con is up.
The solution is simple. Wipe out 80% of government and bar them from printing money, issuing bonds, waging wars on foreign soil, receiving political contributions above a certain monetary limit, etc.
Every principal that we expect people to function by is ignored, abused or twisted by governments that suffer from infalibility complexes.
Interest rates rising would be pulling the trigger on the BIG GUN to end it all. That won't happen until TPTB are ready for it to happen. They have the BIG GUN. There is more debt to create, more assets to be set up for confiscation. But somewhere down the line you'll hear CLICK BANG! And your new economic life will begin.
Why worry about government debt...it is $ denominated and can easily be printed to nothingness as we are now doing. No one's children are going to be left with a mountain of debt to payoff that is just pure misdirection.
If the debt were denominated in something such as gold, then there would be a problem facing future generations.
$ denominated debt is paper debt as easy to make as paper gold, silver, and the like. Unless trees become scarce, this paper stuff will prove to be worthless.
When growing up one of my friend's parnts had papered the downstairs lavoratory with German bonds. It was quite stunning and represented a few million lost by buying that paper.
Your confidence only lives so long as the USD is the world reserve currency, and foists its arrogance on other nations.
I see the rest of the world is diversifying away from USD.
Germany, the USD, the GBP and the Yen have a serious problem which you fail to comprehend, it seems. Maybe I misunderstand your comment. You most certainly misunderstand currency wars.
dude...it's over...THEY'VE WON. we're only waiting on who's coming to the wake tomorrow cuz the patient has already...expired. i've said it before i'll say it again...this is the most awesome display of pure financial "fiat power" ever in paper wealth human history. economic historians will be talking about this for decades if not centuries to come. "give way...a master approaches." SIT. LISTEN.
Thanks Bok Kim, any more groundbreaking revelations?
The only reason they would ever increase rates is that they are positioned to profit from a complete collapse.
That is what DHS' billions of bullets are for.
Bendiana Jones and The Taper of Doom
Brave New World
Unfortunately it takes things becoming extreme for clarity to break through the dream. From the beginning of this QE game it has been a simple choice for the Fed: (a) stop QE and die now or (b) keep it up and die later, (c) choose (b) and lie like there's no tomorrow because in the long run . . . .
If the politicians had half a brain, they'd repudiate the entire Derivatives market when TSHTF. Since it's mostly a bookie operation anyway, they can and should decree that "all best are off". Go "Iceland".
In the meantime... He who exits first, exits best. Real assets (with Title & Deed, or direct possession) will survive and rule. All others will OD, beg, starve or perish.
If you think that "repudiating the entire derivatives market" would help the situation you are not seeing the big picture. The same meta problems have been present for years; the derivatives market merely served to conceal them and hide them from the eyes of the masses in order to enable the Big Lie
qe infinite :/
When one considers that Bernanke is a life-long academic, it is not surprising that he forgot he does not operate in a vacuum.
Obama adminstration about to discover the one part of the Constitution it loves.
The 5th Amendment.
Bernookie? He'll be gone before QE can start winding down.
Soon enough Yellen, Evans and Dudley will hold a hyper-printathon.
Print until the death of the US dollar.
First they get to see the fash of the financial nuke they put in place in Japan.
A some point the US hyper-printathon will cause a massive dollar crash.
It's their only way out. They are trapped like rats on a boat in the middle of the ocean.
Call it QE to the death.
The central bank cartel which is privately owned is imploding, and desperately trying to offset its losses.
The old men of the BIS trusted the young guns who created that WMD, unregulated otc derivatives. Bad decision.
Want damage limitation? Jail Lerner and Corzine, just for starters. The overpaid over fed House cats should be burnt for their failings after they were given unlimited sums to win...yet they failed.
BIS: fight or die. Burn the House cats who took the kudos and money, and failed.
Or would you prefer a walk to the showers?
Next on the news: World downgraded to junk; may have to close shop. Will Jupiter step in? Talks over satelization to begin immediately. Galaxy expresses deep concern.
A shallow, trite comment while the world burns.
I can see you're a deep thinker; you must be Vulcan, amirite?
speaking of marketable paper ...
"..I will leave you with this one thought. I’m sure that you have heard about the toilet paper shortage in Venezuela. What do you suppose the value of one roll of tp is worth to a Venezuelan? …And if the government fails to obtain more like they say they will, what then? What would the value of one roll be then? $5? $10? 50 DOLLARS? Or…to someone who is rich, really rich, could a roll of toilet paper really be worth $100? Good questions huh? Wait, not really, the real question is whether someone would part with their last roll of toilet paper for 100 U.S. American Dollars! Now ask yourself, “in a financial system that is collapsing where banks are closed and ATM’s and credit cards no longer work…would you sell 1 ounce of Gold for $4,000? Or will that maybe be the bid but…”none offered”? Regards, Bill H." s.d.
.
Waking Up to $4,000/oz Gold…And Nothing Offered
http://silverdoctors.com/waking-up-to-4000oz-gold-and-nothing-offered/
blindman, always erudite.
only when I have good links to quote,
thanks and best to new england!
The free flow of information benefits us all, and I thank you for the light of learning.
wow. "we got the most oil in the Western Hemispere..and the 100 dollar toilet paper rolls to prove it!" yeah, deep stuff. waiter! check please!
That depends, doesn't it - on whether there are still leaves on the trees, grass in the yard, and other things that can substitute for tp.
Yes Ben, I agree the markets are fair and efficient. Now please point that 45 caliber printer away from my temple.
Its not only Ben who is to blame. Every drunken member of Congress and every President since LBJ are also responsible for this mess.
Let's start with FDR, no? Woodrow Wilson, I believe, was in power in 1913, no?
Doesn't the Federal Reserve Chart ends around august 2013?
Here, you're gonna have your chance.
The question is: how to save all of he world EXCEPT the psyochopaths who have stolen power and are parasites living off the labor of everyone else?!?
Bernanke is simply a weasel with no talent or real intelligence. He has faked it his entire life... and he knows it.
They are going to print until something breaks. The question is what will break first?
I think it's the paper gold markets.
Oil prices. Nowhere near imminent, but give it some time.
Let us take solance in knowing that the space aliens will pick this video up years from now and visit what is left of our planet and judge up by this Italian pop song that made it's way out into space in 1972.
It's depressing, it's interesting, and it's all I can offer:
https://www.youtube.com/watch?v=E77HpMMbDYc
Or
The South African "Justin Beiber"
https://www.youtube.com/watch?v=A5e-1Vqae88
"I waited all day to see you
Send a SMS, or call maybe
I gave you a box of chocolates.
My mom said she liked you...."
LOL, that is a lot less suggestive than the new Daft Punk single, hahaha.
Plus 100, man. Specially for PRINSINCOLINENSINAINCIUSOL.
Bravo!
what makes this fed chairman different from all the others?
http://tinyurl.com/lx35awp
Yep. Chairsatan has built up more US debt in 7 or 8 years than all debt since the founding of the US.
This is what happens when Nazionists and their latest paper money is in charge without any control by anchoring to gold or accountable to Congress (bought by them) or anchored to international accounting standards (bought by them).
I don't blame Bernanke as a person. He is an academic, an 'educated fool' as the Rothschild Zionists describe his sort.
The USD has lost more than 90% of its purchasing power since the founding of the un-Federal no-Reserve Board owned by private British and European banks since its founding in 1913 - after it bought President Wilson's election, and he lived long enough to regret that he took their money and said there would be no more independent political action in the U.S. as those who issue the money control the country.
End the Fed.
American jews should lead this charge, rather than walk meekly to the showers, again.
An educated fool, a useful idiot.
Excellent point.
The economic Samson Option
Shit I might be racist1!!!!
right, national debt was never meant to be paid back - off.
the money creation, base money, is a peculiar type
of borrowing or debt or credit, it is more like
a contract than a loan. the contract is a statement
of power over "the people", a proclamation of
ownership and sovereignty over a domain to be exercised
by the top managers and owners of the system itself.
people would have nothing to do with it if they did not
mistakenly miss"understand" it in terms of credit money.
there is a bit more to it.
.
the people's money is credit money and the loans
are to be paid back with interest. the central
bank base money is different
it goes without saying? the federal reserve bank is
too big to fail as are its owner's . when trouble
comes knockin' the printer starts rockin'.
not so much on main st. when main st. money runs
out.
the transference and redistribution from failing
main st. credit that results in bailing out international
financial criminals is sold to the public as a systemically
essential moral hazard,
and the public almost bought it.
that is crazy funny.
just roll it over and then roll it over again ...
(you can't do it, power can/owners can)
the bond that
binds the owned to the owner,
just like that.
so why can't "the people" do the same?
because they don't have the self control necessary
to maintain the stability.
you get the joke, right?
of course you do, otherwise you wouldn't be here.
.
Banjo Music version of Down By The Riverside - He's Got The Whole World In
http://www.youtube.com/watch?v=1L2mOmOgKM8
Bernanke to Skip Jackson Hole on ‘Scheduling Conflict’
Taking a play card from Obama administration..
/sarc mixed in with truths.
If we've waited for over 4 years then it must be time for Ben to pull the plugs on the printers
in 10, 9, 8, 7, 6, 5, 4, 3, 2, ...
rates, robots, les meserables. Millions of jobs are eliminated each year with automation/robots and its accelerating. Central banks are maintaining entitlements, social order and consumption with trillions of debt funding which can never be repaid. Its no accident. Robots equal central bank funding because the alternative is a break down in social order. The elite billionaires love central bank funding and the never ending war on terror. It is continue until a few own everything and we are all slaves.
For those who asked who "BOK KIM" is:
BOK KIM = Bank of Korea (BOK) Governor Kim Choong-soo
What do you guys make of this?
Bernanke met privately last week with House Oversight and Government Reform Committee Chairman Darrell Issa and other lawmakers to discuss the central bank’s efforts to stimulate the economy and how it could exit this strategy in the future, according to people who attended the meeting.
http://www.politico.com/story/2013/05/ben-bernanke-meets-privately-with-darrell-issa-91710.html
According to this article, none of the attendees are talking and the meeing was in regards to the exit strategy and potential risks of ongoing QE.
interesting - thanks for that
Hey wait, can't those lawmakers legally trade on inside information?
Yes. Bath House recently removed more strictures to allow moar trading.
Let's see the U.S. , Europe and Japan pay for their debts in a rising interest rate environment.No growing tax base,growing entitlements,industrial overcapacity,run down cities,crime,defence spending and rampant inflation.No way baby."We're broke"
ZIRP is the Death Star. Can't live without it. Schedule Zero, Fed Controlled Substance Act of 2010.
this isnt accidental, or the result of stupid... there has never been more tangible evidence of the conspiracy. ever. to imagine its just ignorance, bad leadership, even simple greed... is evidence of real ignorance..
i am just wondering what the fuck is it going to take for this to fucking crash?
even if u think of the worst possible economic data, which we have gotten, the market goes up. we have heard about europe collapsing, yet the market still goes up.
i just cant envision bernanke saying he will taper qe off. i really wish that asshole was put in jail, that is the only thing that can prob halt this bitch.
i am waiting for the day i wake up and see futures are down 800 pts. then i will believe something is going to happen.
fuck u bernanke, u fucking ruined the market completely.
Once the Fed buys it all, there is nothing left to buy. That is the end.
And Bernanke will be gone in January. His successor will be left with the impending crash.
Spineless and sick looking mortal men (central bankers) that think they can hold back time.
Alright...Ricky Grant
http://youtu.be/1zDFH4_r5B4
Smoke.
This is what it looks like at the end; you can’t live on paper. Ask anybody in Zimbabwe.
America can rebuild from scratch, without this banking system; actually, only without this banking system.
Remembering The Fed's Definition Of "Sound Money" | Tyler Durden 06/08/2011
“Nothing quite like hearing it from the printer's mouth. From a 1961 FRB of Chicago paper:
‘In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face value. What, then, makes these instruments - checks, paper money, and coins - acceptable at face value in payment of all debts and for other monetary uses? Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and for real goods and services whenever they choose to do so.’
“It is handy to be reminded every now and then that the only thing people transact in is symbolic confidence in the truly stable financial system.”
To put this old republic back on her feet again it would be wise to heed the words of Ron Paul: “When the government can replicate the monetary unit at will without regard to cost, whether it’s paper currency or a computer entry, it’s morally identical to the counterfeiter who illegally prints currency. Both ways, it’s fraud.”
Fraud! America cannot restore her former glory saddled with a banking system based on… fraud. On a paper money tyranny.
The solution is simple; Abolish the Fed.