• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

"It's Not Like QE Isn't Working Normally"

Tyler Durden's picture


Moar may not be better after all...



(h/t @Not_Jim_Cramer)

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Sun, 06/09/2013 - 12:30 | 3639188 BC6
BC6's picture

Moar is b3debter!

Sun, 06/09/2013 - 12:37 | 3639204 Manthong
Manthong's picture

The azimuth of that impending cross does not portend good things.

Sun, 06/09/2013 - 14:45 | 3639467 Pinto Currency
Pinto Currency's picture


Real GDP looks excellent when you calculate it using fudged inflation figures.

Sun, 06/09/2013 - 16:27 | 3639711 Boris Alatovkrap
Boris Alatovkrap's picture

Inflate like dead bloated pig in river.

Sun, 06/09/2013 - 12:32 | 3639195 Mongo
Mongo's picture

Swedish editor/journalist once said:

Deficits are not an existential threat to the americans, since they are the only ones in the world that can finance it by printing unlimited amout of dollar bills.

Sun, 06/09/2013 - 12:37 | 3639205 The Swedish Chef
The Swedish Chef's picture


Sun, 06/09/2013 - 14:45 | 3639463 Pinto Currency
Pinto Currency's picture


It is the printing of money that is the existential threat.

Sun, 06/09/2013 - 12:41 | 3639207 B2u
B2u's picture

But...but...but...Bernanke says it works.  Is he a liar like Obama?

Sun, 06/09/2013 - 12:46 | 3639216 Colonel Klink
Colonel Klink's picture

No need to state it as a question.  Should be rephrased to; "He is a liar like Obama."

Sun, 06/09/2013 - 12:55 | 3639233 Unprepared
Unprepared's picture

I think the question was about the lying degree: on a liar scale from 1 to Obama, the Bernank is an Obama.

Sun, 06/09/2013 - 13:42 | 3639318 all-priced-in
all-priced-in's picture

Obama uses a balanced approach between lying and not telling the truth.







Sun, 06/09/2013 - 15:02 | 3639489 spine001
spine001's picture

BernaFia is not lying, he said straight that no amount of  QE would ever work, he knows it, they know it. He always indicated that a balanced budget agreement was required in simultaneous with QE for it to work. Balanced but with increased spending now and balance in the long term to their assumed GDP growth numbers. 

Please also consider that for Bernafia, work meant an inflation of more that 5% with 10 year treasury rates of less than 2%. He wanted to force consumers to spend, not save and to start up the economy with fake money in the hope of a late start of the true engine. By doing only half even if he was correct, with which I compketely disagree, he knew from the beginning that his QE alone was going to fail, and so he stated under oath. For doing what he knew would fail and make matters much worse he should be fethered!

Sun, 06/09/2013 - 16:03 | 3639613 CHX
CHX's picture

But it (QE) IS working, like a charm. All TBTFs are still here, up and running. Would they without QE ?

Sun, 06/09/2013 - 12:52 | 3639224 PiltdownMan
PiltdownMan's picture

The Fed knows that it has to raise rates. But look at what will happen when they do to The Feds. Fannie and Freddie balance sheets? This guy has some good charts.


Sun, 06/09/2013 - 12:59 | 3639239 Stuck on Zero
Stuck on Zero's picture

During the depression the U.S. government went into debt to build hydroelectric dams, roadways, electrical systems, other lasting infrastructure.  The Capital expenditures went directly into the pockets of the people and the benefits of the infrastructure went to the people.

Today we go into debt to build up Wall Street.


Sun, 06/09/2013 - 13:29 | 3639288 OneTinSoldier66
OneTinSoldier66's picture

 "Shovel ready was not as shovel ready as we expected."


With plenty of smiling and chuckles. Naturally, because the whole thing is just one big joke.




Not that I am endorsing what FDR and his administration did during the depression.

Sun, 06/09/2013 - 19:51 | 3640501 Totentänzerlied
Totentänzerlied's picture

Allow me to inject an iota of truth into your nauseating paean to central planning:
"After the usual cast of greedy government thugs took their cut at each successive level, the capital expenditures went directly into the pockets of the people who were robbed in order to fund those capital expenditures."

Derrrrr. The stupid, it hurts.

Sun, 06/09/2013 - 13:00 | 3639240 ebworthen
ebworthen's picture

The FED has done their job; enriching their bankster masters.

To hell with GDP, U.S. Citizens, and future generations.

Sun, 06/09/2013 - 13:01 | 3639243 The Invisible Foot
The Invisible Foot's picture

GDP= Not the correct measurement of the mental and physical health of a country.

Sun, 06/09/2013 - 13:29 | 3639296 OneTinSoldier66
OneTinSoldier66's picture

GDP = Government Domestic Pillaging

Sun, 06/09/2013 - 13:53 | 3639349 Winston of Oceania
Winston of Oceania's picture

Jobs will be lacking until enough of the youth are unemployed to cause mass riots. Then will come the jackboot, then will come the pillagers pushed on by the elite until there are but two classes. The Party class and all others, consumers they call us. Each and every one of us a drain on the system unless we pull for the State, you never want to be a strain on the "system".

Sun, 06/09/2013 - 15:10 | 3639505 spine001
spine001's picture

Pot and Riots. To avoid what you say, they are facilitating our youth going into Pot big time, they know from the experiments in mass control of youth started with WOODSTOCK that it works wonders in keeping them out of riots. Psychiatrists know this very well... sad but true...what they didnt know is that potnincreases the rate of schizophrenia by 500 to 1000% depending on family history, and this is new schizophrenia, not something that would have occurred were they not consuming. Thus all the mentally unbalanced pr disasters that you hear in the news, look carefully and you will find pot in most of them, even in the Zimmerman/Trevor Martin case, Trevor had been suspended for having pot in his backpack, which explains the whole snafu.

Sun, 06/09/2013 - 19:53 | 3640513 Totentänzerlied
Totentänzerlied's picture

Do you shill for money or are you really that stupid?

Mon, 06/10/2013 - 13:41 | 3642783 Diogenes
Diogenes's picture

If you really want to know why there are so many bizarre suicides and suicide attacks look for anti depressants in the perps background.

Sun, 06/09/2013 - 15:26 | 3639536 Mr. Saxby
Mr. Saxby's picture

Now you're geting the idea. Hindsight being 20/20, it's very much looking like QE was only enacted to allow the wealthy to marshal assets in advance of the upcoming turmoil. They have known for quite awhile that global resources are finite and know that peaks have been realized, they plan to save the balance of these resources for themselves. Thus, only a global political and economic dictatorship will suffice.

Sun, 06/09/2013 - 13:54 | 3639350 Bunga Bunga
Bunga Bunga's picture

marginal productivity of debt

Sun, 06/09/2013 - 15:14 | 3639513 spine001
spine001's picture

Marginal real return of capital as QE creates more out of thin air...

Sun, 06/09/2013 - 15:29 | 3639543 thismarketisrigged
thismarketisrigged's picture

im sure many of u guys have seen this video, but if not its worth a watch. if ur not scared after watching this, then u never will be.



Sun, 06/09/2013 - 15:49 | 3639569 moneybots
moneybots's picture

Karl Denninger notes that in real terms, GDP is contracting about 500 billion a quarter, once debt is backed out.

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