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The Fed, The Taper & What Happens "When The Kidnapper Wears Prada"
The rich continue to grow richer, and as David McWilliams (of Punk Economics) so eloquently explains in this brief clip, this has pushed the Fed into a corner. As the Federal Reserve gets a new chair and decides what to do next, whether to print $85 billion a month more or not, McWilliams examines the heist that is the new normal financialized economy - who gets all the loot and why today's kidnappers wear Prada. "Wake up," he blasts, explaining the uncomfortable reality of what happens when financial kidnappers dress up as loyal patriots and extort money in the name of the common good.
"Today's ransom is the billions of dollars in the form of QE; today's hostage is the US economy which the kidnappers threaten to kill by a collapse in asset prices if they don't get more and more free money... and who is paying the ransom... it is the Federal Reserve...
The message from Wall Street - the kidnapper - is: if you don't give us what we want, we will killl the economy."
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Boosting asset values slaughters those with no assets. News at 11.
B-but what does it all M-E-A-N, popo? Taper? No taper? Taper? No taper? Taper? No taper? Taper? No taper? Taper? No taper? Taper? No taper? Taper? No taper? Taper? No taper?
Whaaaaa!!!!!!!
Doesn't matter, the top .01% still win either way.
Brilliant!
Nowhere was this threat more pronounced than the market collapse after the first TARP vote in Congress.
"Give us $700B, or else!"
If the kidnapper wearing Prada looked like Anne Hathaway, only a fool would resist.
http://2.bp.blogspot.com/-QEgmTTwOmTE/UBvXk3RcvQI/AAAAAAAABJg/up6lonmHMR...
Bitcoin is down, so free payouts of bitcoins are up at http://freebitco.in/?r=25727
if you don't give us what we want, we will killl the economy."
that sounds like extortion.
it's not part of our business model.
it would be wrong, and we don't do it.
hugs,
blackus rockus
A perfect example of CNBC hosts being complicit in the great Wall Street kidnapping scheme that has been playing in front of our eyes since Reagan and Thatcher started the de-regulation juggernaut some 30 years ago is the video pasted below:
http://www.youtube.com/watch?v=EuXf9GmQln4
Here, we have Maria Bartiromo pretending that JPM Chase should be revered as one of the most successful banks/companies in the world. She acts incredulous that a guest on her show would even fathom that Dimon and his den of thieves are anything other than upstanding capitalists who have been unfairly persecuted in a "witch hunt-like" campaign to bring them down. At the same time this is airing, JPM is negotiating the largest fine in the history of capitalism ($13,000,000,000) for a myriad of banking and financial impropriety. Not only that, in the prior three years, JPM paid out another $16,000,000,000 (1/3 of their net income) in similar litigation. JPM is a criminal enterprise that hides behind the thin veil of unregulated, "survival of the fittest" free-market capitalism, while Maria Bartiromo plays her role perfectly as JPM's publicist.
im waiting for the sketch called "qe wears an bra".
There's a story for those that want to write it about how the non-.01 percenters - the other 99.99% - would have benefited (just as the .01%ers have) if a portion or their social security were in the stock market. Seems that idea was roadblocked by the same people that now demonize those that PARTICIPATE and build these assets for themselves.
The modren socio-political war is between those willing to PARTICIPATE and those that REFUSE TO PARTICIPATE.
Trustbutverify, are you insane, or is your mind just corrupted? let's not funnel any more money to wall street. do you think we should just print forever to prop this up? participate in the ponzi, with earned money, as opposed to the printed kind? i've got a better idea. how about we use every tool at our disposal to bust these criminal institutions up, and get our money and our economy back. has to happen at some point. you get the tool of the month award.
taper taper toilet paper
This can't be a tribal concept, cause when the tribe TAPERS they cut quite a bit of the thing off.
Francis is that you?
Resurrected or Reincarnated, just sayin...
DaddyO
resurrected? like Jesus the Jew?
looks like FRANCIS has a split personality!
This taper is a ...NO TAPER
http://zysites.com/silververitas/
A bit off topic.
THE POWER OF ZEROHEDGE
I was watching Bloomberg and freaked out as they tried to see if there is a hidden meaning in Satoshi Nakamoto’s name which I posted a few days ago on Zerohedge by this post 4238985.
They came up with a slight different meaning though
Just send an email to the guy who created it. I'm sure he'll tell you.
http://szabo.best.vwh.net/
excellent vid! truth.
great way to explain it one way, but to think the central banks aren't complicit in it does the overall eucation thing a disservice
Very astute. The "economy" is a lot like the "children" argument that is always trotted out for some power grab.
There will be no taper. Can't have the market crashing on the 100th anniversary of the fed - people might start connecting the dots.
Which is precisely why there....
....WILL be a taper!!!
Quick! Sell all your gold to ME!!!!!
The people will NEVER CONNECT THE DOTS. Only a few can see this type of theft.
I am hoping that they Taper. I want to see a Dow Collapse and a Interest Rate Swap Derivative Meltdown.
I want to seel JPM-Chase go Bankrupt and watch them Bail In all of the Depositor's Deposits. That will wake the people up...MUCH TOO LATE OF COURSE.
They deserve it for being so fucking apathetic and INTENTIONALLY IGNORANT.
Collapse Baby collapse.
well they tapered, and we proceded to melt up in one of the largest up days in the history of the market.
super bullish.
I subscribe to the old Leninist dictum 'worse is better'. Nothing of significance will ever change until there's a really massive economic collapse, severe enough to unass the drones from their TV armchairs. Then, and only then, will we experience the purifying hellfire and the clanking of tumbrels.
U R so right ! For the past 20 years I've always said, "Nothing changes till we as a country experience SDD starvation, disease then death."
Ain't nothing changing till then
Taper 12% of the money printing = more and more printing every month still!!!
jsgibson, the dots have already been connected...3..2..1
You run a Poll of the Average American. They are CLUELESS to what QE is...much more demanding the concept of Tapering QE.
Around me there is just nobody to talk with. I end up attempting to educate. Then it seems to them as if I am speaking a Foreign Language. I might as well be speaking in Mandarin...or maybe Sign Language. I am just as good at sign language as the Interpreter at Mandela's funeral. It won't matter. They do not understand anyway.
So just WHO understands this? Our little clique at ZH???
SHIT...No hope.
We'll keep sounding the sirens of doom until one day the power goes poof. After that, it's all up to jah.
My experience as well. But worse, not only do they not understand, they have no interest whatsoever in understanding.
some of those assets aren't even assets.
You keep using that word. I do not think it means what you think it means. /Inigo
Asset. Assette. Ass-ette.
Hmmm...
Yes...That is right...a Female Ass is an Ass-ette.
Yes..Hmmmm....Oh yeah.
Well, they do have enduring value, do they not?
Ummm - Time and Gravity say "No!".
IC
Well, one legged wall squats, deep lunges with 20 lb weights and power yoga have slowed the slide but I suspect gravity will win in the end. :-(
Miffed;-)
On the contrary, they are a rapidly depreciating assette.
actually - as assets go, and we do all want exanding ass-sets don't we - it's going to be fun to see how hillary and yellen deal with who has the biggest. now, that is going to be a LOT OF FUN. more ass-sets going around then anyone could possibly envision.
because hillary is a lock at this point. the sheeple are already lining up to vote for her. we did so well with boogie-down wonder boy - next it's time to give the first woman a chance.
"Well, they do have enduring value, do they not?"
And most keep growing and growing like they are on ass-steroids (asteroids get it?).
"Look at that Asset!!"
--Donkey Kong
9 inch Stiletto's and Leopard hanfcuffs will soon have her fat finger on the Taper Button.
Moar please
How exactly does one begin a revolution???
You get 2 armed groups amped up and staring at each other and then fire a shot from the sideline.
At least that's how they did it in the olden days.
How?
Refuse to comply.
The British Army comes later, 1 if by land, two if by sea.
3 if by air (drone).
"How exactly does one begin a revolution???"
By 'asking' very, very politely. Then, by waiting patiently. Very, very patiently.
I believe the banksters are required to kick things off by supplying a sanctioned agitator.
Until then we just piss and moan.
how does one start a revolution? it's simple, hambone. snowden already did.
I don't blame Wall Street or the FED, I blame democracy. Money printing and FED is no secret today, you can easily get information about it through internet and get a full understanding of it in approximately 1-2 hours. Yet, the public is totally ignorant. Aslong they have Kim Kardashian and Snooki marrying yet another rapper and Obama handing out food stamps, they remain happy.
I wouldn't say democracy but I would put the blame on the citizens that are taking part in democracy. There are too many people that don't have the discipline and personal responsibility required to effectively operate in a democracy. Whether it is corporate takers looking for govt handouts or the citizenry looking for govt handouts, it just isn't sustainable because the appetite grows and minor theft becomes grand theft.
If you believe the election process is a refelction of the will of the people, I have a bridge in N.J. to sell to you. When I was kid, I was told maybe one day you can be President. Does anyone think that is true?
Which I suppose begins with a sick society.
Marxist teachers unions indoctrinating kids spawned from broken homes.
http://www.youtube.com/watch?v=qlpODYhnPEo
"I blame democracy..."
An interesting theory. I however, blame global warming. Or rather the Replublicans' war on the war on Anthropogenic Global Warming.
If we had more carbon credits to soak-up all this excess cash, we could keep printing forever. But "Nooooooooooooo", the GOP hates the world and wants everyone to die!!!!!
Perhaps we should have qualifiers for voting again... maybe the motivation wasn't to be racist, sexist jerks.
Very true. But remember that there's a clear policy of dumbing down the masses and destroying the White race through miscegenation and mass immigration. An easily controlled mongrelized race of coffee-colored peons will then emerge. Clever enough to do basic work but not clever enough to rebel effectively. Great progress has been made on this project to date.
Is Wall Street the economy? Facebook trades for more than a century's worth of earnings. Earnings that will never materialize.
Wall Street exists on fabricated numbers, seasonal adjustments, and the ramblings of a con man working for the Fed.
The market trades up on a number that is clearly false, with real data just below. The real data doesn't matter they say, you just don't understand how adjustments work they say.
I look at a company's books and see a gargantuan loss. The company says they made money. They say once you take into account expenses, writeoffs, inventory, special circumstances, etc there is a profit. I see a ledger that says revenue was $85 million but expenditures were $112 million. I ask how there could actually be a profit. I'm told I don't know how adjustments work.
What I see is a con game. If adjusted books show profit, shares go up. If shares go up more shares can be sold. If shares go up more money can be borrowed.
I know a "businessman" who has lived off investors for more tham a decade. He has a great idea and he has a patent. But he has almost no sales. Over the past ten years he has sold around $50k worth, yet taken close to $2 million from various investors. They all believe in his idea and spot him the money to continue operating. They all believe his idea can create a company that can go public amd make them a ton of money. It just never happens. After a year or two the investor cuts his losses amd moves on. Then the "businessman" suckers in the next. He's been living a fantastic life on the checkbook of someone else.
Possible only because of the belief that Wall Street can make his investor rich.
adr can't argue with that!
then multiply the figures X 100 and we have a deal.
Who do I write the check to?!
wealthiest 10% own 80% of that stock mkt bubble - why taper and crash the party when the other 90% seem content with snap cards and lame tv....
any taper will be but a feint. The 10 year is a fart away from 3% and we know what happens when the 10 year hits 3% don't we...good bye Morgan Stanley and it's 70 trillion in dervivatives (largely interest rate bets)...good bye all who have MS as a counterparty ....hey thats everyone!!!...so no taper...if they say there will be a taper they will reverse it by morning.
Yeah, I think they waited until now just to sneak it in under they quarterly expiration wire; still seems really fucking risky to me though. They're going to have to meaningfully reverse course and increase buying or there will be some well and truly fucked TBTF's by March expiry, esp. a couple of key Swiss, German, and French banking entities.
sorry, DaveMcW is sometimes pretty good, and the drawings are quite cute, but on this occasion the anology that he draws is deeply flawed,
I was only a child when the IRA were kidnapping businessmen and yes, horses, but I know this much, the Irish govt were NOT in cahoots with the kidnappers, and would have happilily ordered the Army Rangers to go in and kill every last one of them, but didn't, as the risk to the hostages was too high, (whatever your views on the IRA, they were very competent)
now, lets get back to the Wall St boys in the Prada suits, and lets imagine that The Fed and the US Govt get a chance to kill them all off, dead, with 0% risk of even harming the hostage (the US economy),
Do they do it?
Of course not, because unlike the Irish govt of the day, the US govt is working for the flippin kidnappers......
I got pictures of you lot nood; jacking over ZH posts, if you don't pay me a 1 trillion dollar coin just like those banksters, I'm gonna start posting links ... and we'll start with Boris I think lol ;)
Well that's one way to look at it, but another way to look at it is that money = opportunity. People _are hoarding it_ and that is why pay is low and the economy sucks. How much money does the Fed have to print before _you_ start spreading it around? If you're poor that's one thing, but come on, I doubt the people here are poor. The Fed is doing the morally correct thing.
Yes, clearly it has nothing to do with the metric fuckton of excess reserves of depository institutions, just sitting there, not getting lent out. They are completely free of blame here. And yeah, we middle class folks outside the inner circle, it's totally our fault for not re-maxing out on borrowing money, because if there's one thing we should have learned from the 2008 market crash, it's that we should borrow even more than we were when we had a negative savings rate back in 2007.
Fuck.
You.
Good.
Sir.
???
wow. there are only about a million things wrong with what you just wrote. and because of that, i won't spare the time for even just one - except to say - READ MAN!
Actually fuckstick, The Fed is doing the exact opposite of anything even resembling morality.
i told ya'll they were gonna hit the phony paper prices of Gold and Silver today....
how nice they waited for Bernanke to finish speaking right around the close of the fucking Crimex......
http://www.kitco.com/charts/livesilver.html
Send it to that cunt Diane Swonk just on CNBC praising the FED/Banking cabal taking us to hell.
Adults are not in charge.
man i was screaming at the screen listnening to that clueless fucking wall street propagandist cunt...
notice how they let her just take over the segment and peeled back Santelli when he was trying to get at her?????
fucking shit whole of a nation we r in.....
Excellent video and a great analogy that hits home (considering I am of Irish heritage).
what happend to gold at the close? wtf
Seriously? Are you new to the gold market? Do you not know how it works? Tonight's selloff should be fun, I wonder how those December longs are feeling about taking delivery...
So, WHEN exactly did the Crooks take over? Slowly at first, and then very, very fast?
E.g.:
Reagan ("Deregulation" = remove 'Checks & Balances' = start slow with new engine)
--> Bush 1 ( more Deregulation = still slow)
--> Clinton (gain speed and shift gears with Repeal of Glass-Steagal)
--> Bush 2 (drive faster, then crash)
--> Obama (get back on the road, add wings to the car and... fly)
--> ??? (To Infinity & Beyond!)
You left out Mr. "I am not a Crook" Nixon taking us off the gold standard.
1861 comes immediately to mind.
Benny is printing $150+ billion per month now and calls it $85.
BLOW ME BENJAN!
Dear Benny,
Thanks for announcing your policy change during market hours. First you sensitize the market to every change in the wind direction then do this. I can't believe that your and the rest of your wizards are actually in charge of the monetary policy of the United States. When I was a director of a large bank holding company I had the opportunity to deal wilth your regulators first hand and it was a truely a sad experience; one of the reasons I decided not to stand for re-election.
DOW at 16500 by Xmas day. That was my guess 3 months ago and looks like a possibility now.
given all the euphoria and stupidity, i'd bet on 17,000 easy. that's round. 16,500 isn't. that's only another 6% in 2 weeks. (sarc). markets are only up 30% this year. plenty of room for growth.
Is it "Buy The Fucking Taper" now?
Hell, they don't have to bother with the kidnapping anymore.
Bloody Sunday for Main St.
The IRA lob a shot at the Army and the innocents get murdered.
Taper 12% of the money printing = more and more printing every month still!!!
If the Yellen mantra reduces the pump from 85 b to 75 B on a recurrent basis thru 2014 I expect a few at Zh to eat their hats !
Taper is taper...like paper is reserve paper, it all belongs to the Oligarchy Matrix.
A matrix is an expert system that has now declared to the world its is OUR way or its the highway, Welfare State!
You are all toast!
The Oligarchy can do what it pleases...
Vice and Crime are now holders of the keys of the global vault and its called REASON OF STATE. PERIOD.
Btw : If the statistics on Chinese QE are valid they will be laffing mellow yellow at seeing the US pump slowing the shit fiat pumping...hmmm...what does it mean for Chinese QE, as for Abeonomics...? Will they also taper?
the fed is not paying the ransom. we are.
Did someone call for this little guy? I thought I heard someone say Tapir...
http://akrainforest10.pbworks.com/f/1271288592/tapir1.jpg
Nice, I said 5 bil taper over a few months. I feel like I have my pulse on the FED.
What I expect next is some bad data that justifies more QE (though, aren't they running out of stuff to buy? That could explain the taper) or other asset purchases, like stocks for the sovergn wealth fund. This move today was just to (a) see what happens..they're hoping to get lucky and the economy actually does gain traction (b) silence the "QE to infinity" crowd (c) put clothing on the emperor (d) avoid boy who cried wolf syndrome. It is not at all attached to economic conditions. it's all psychology.
they know that there is no way in hell the economy 'gains traction' they know that there is no way in hell there was ever a 'recovery' they know that there is no way in hell 'housing' ever recovered. they do know that if citi bank and bac (about 300,000 employees each) go under - the number of employees falls to just the tiny amount needed to store records needed for litigation and process FDIC claims. so - bernake is right. he lowered unemployment. and - if those 2 go - so does goldman - because of all the cds they mark at a + value (bets on BAC and C going under) that go to zero.
lloyd and jamie are running the planet right now via bernake, and he's checked out. obama is nothing in the news (i mean he has nothing of a plan, nothing to say or do, nothing to offer in a worsening situation) unless he's doing stoopid shit like selfie's and pushing websites that were daisy gifts to his useless boogie-down chicago mob friends. the 'government' is not governing.
all of this - where is the 'house committees on increasing employment' , the senate commission on housing stability? where is the presidential committee on preventing municipal failures? the government is doing nothing. and can't. banks are running the country. the world changed.
the bottom line is - we are living in a world of 'better to rule in hell then serve a day in heaven'. they all know what they are doing. they are robbing everybody, but, they don't care, because as of yet, there have been no negative consequences for the .1%.
unless we join together, we are all on our own.
They have not run out of stuff to buy. Muni bonds are going to be the next crisis. There is $2.2 trillion of those floating out there and cities on the brink of Detroit will be issuing more.
Only problem I've got with what is said is that they say it's the Fed paying the bill, it isn't, it's the TAXPAYER
http://www.youtube.com/watch?v=OHzjgNFwg-Y
.
1997 Kim Richey live - Fallin' + I'm Alright
http://www.youtube.com/watch?v=FceBnspGZzU
.
Kim Richey - Those Words We Said
http://www.youtube.com/watch?v=8NCFSZuToo0
.
That Swingin' Manger
http://www.youtube.com/watch?v=CP_yxfNxyqE
.
there ya go.
.
bonus ss
http://blogs.villagevoice.com/music/2012/12/charles_mingus_eggnog.php?pa...
.
rock n roll nigger
http://www.youtube.com/watch?v=zI-_4-4o6XQ
.
merry , more and many magic words
.
Patti Smith - Horses & Hey Joe
http://www.youtube.com/watch?v=c3coSfks4rQ
You go through a pre-revolutionary phase.
For the American Revolution it was 70 years long.
Russia, at least 50. China 50+.
The basic fallacy in ZH's vision of Pax Americana geopolitical global plays was its continued affirmation that the Austrian libertarian mantra STILL vociferously continued to proclaim the road to salvation during a hypothetical reset. In justifed rage, through those dark moments of post 2008; a Constantinople 1453 falling type event for USA; it ostracised the demise (thru betrayal and hubris) of America's most cherished ideal : the free market and the horizontal social construct that this entailed. In certain contrarian circles, there still stirred, in the dying embers of this brutal dystopian cataclysm, the belief that this market was a TRUE market and should remain so in a Rome that had lost its republican compass.
Inspite of all the evidence to the contrary of a oligarchy market working on steroids which had totally destoyed that PREMISE in this cataclysm. It took 3 years for the penny to drop...that that dream was now a chimera, a vision unfulfilled of an american dream that had lasted twenty years in the wake of the great generation's accomplishments; after the similar dysfunctioning of so called "free enterprise" during the Great Depression.
They had forgotten in their Austrian Delusion that this has been a manipulated market construct right from day 1 of Reaganomics. The whole mantra of Reaganomics was : Do WhaTEVER it takes to make the SUPPLY side control the economy through the FIRE ASSET pump, not via the Consumer demand side mantra of welfare state as proclaimed by Keynesian logic under STRICT state regulation. A reasonable world that shared wealth between the elites and the base.
The neo con and paleocon elements of US OLigarchy, spawned in the traumatic demise of Welfare state's most cherished scion on Nov 22 1963, wanted to unchain elitist Prometheus of this Aristotelian logic : that in a NATION like in a family, the weakest link is what defines our commitment to a common vision of Civilization; WE NEVER GO the AYN RAND route IF WE BE SONS OF WESTERN CIVILIZATION AS TAUGHT BY GREEKS WHO FOUNDED OUR VALUES. We defend a construct that is INTEGRATEd as we be nation or we be nothing.
Self fulfillment per se is the road to hubris unlimited. It a question of MINDSET and it comes to us from way back then. It is the Oligarchs of the house of Atreus that destroyed mythical Greece just like Hegemony destroyed Athens, crossing the Rubicon by a miltarist minded dictator destroyed Rome and imperial Napoleon destroyed republican France.
Human nature is its own worst enemy especially when it thinks it has WON lasting victory without visible enemies to fulfill MANIFEST Destiny. Hahaha! Nemesis awaits such effete sons of the imperial trust time and again.
In our present day and age, once Reaganomics unfurled its elitist rage for greed is good, from then on in deregulation there were TWO objectives to the new NWO oligarchy construct:
1° We kill the welfare state middle class by WHATEVER it takes to destroy the social compact; aka eviscerate the trade unions, recolonise the internal market via outsourcing pressure and pushing money into asset classes, not into real economy that feeds local production. Local production has to be bridled under the quarterly report WS dictat which means M&A will ASSET STRIP all investments which don't meet the norm, EVEN if they be STRATEGIC areas....to control future INTEGRATED value added. By splicing the asset structures we can outsource to make a quick buck EVEN if it means we LOSE the strategic INTEGRATION of value added production which is the motor of industrial strategic innovative control to produce from RM to finished product, thus to control via R&D quality over the WHOLE VALUE CHAIN. Every link in the chain is a precious investment as part of the whole ECO SYSTEM.
2° We build the control and fear meme of the Imperial and Catholic church constructs of old, the bogeyman and "rogue" state, the "terrorista" type global mantra. Iraq calling...By such psycholoigcal means we control the bottom up pressure to ensure top down domination of the Oligarchy class; neofeudalism can then become rampant like of old replacing the distending mystification of Enlightenment meme and "little knowledge; what a dangerous thing!"
Now we have moved under Clintonian hubris and greed to the Apple and Wal mart models which are the death of industrial integrated eco system logic for all the value chain. Can Facebook and outsourced Apple models service the SOCial compact?? Difficult, as we interface with civilizations that don't have our VALUE systems; just our LUST to make a QUICK buck on slave labour and Sheldon Adelson type casino plays.
We have become a nation of commercial harlots, consumerista selfies addicted to easy come, easy go and white powder euphoria in the west, forgetting our obligations as citizens. Hooked on artificial stimulants...
SO why be surprised if the US is new Rome. It was planned thus and ZH has got its wake up call.
The contrarians are now toast. And manipulation to obtain a new feudal class is the global rage. Fiat pumping is now but a means to achieve this aim. And if the market is controlled in CP plays, demand and supply will match and price will NOT be discovered but IMPOSED by HFT Algorithms.
Now thats progress !
Artificial intelligence like the drone are the instruments to define the new Orwellian normal.
Only the COLD determined rage like that of Edmond Dantes; to use a romantic analogy; will enable the people to win back their heritage. Through a ground swell of 99% bottom up reassertion that is disciplinded and focussed on the essential.
As essential is balance between top down and bottom up logic to share wealth creation. To achieve it in a peak RM and eco constrained world drowning in overpopultaion, we need urgently a new paradigm, that still has to be defined.
I agree that we need to try something new. How about laissez faire free market capitalism? ;-)
You could have just said that the Fed kept real interest rates too low, and then took complete control of every US citizens money with the immoral QE ^ program.
Yes but its a means to an END; the end being the international oligarchy POWER construct; whose new armies are now programmed to control the cowered down world population via Big date NSA and the Drone technology; new and more advanced version of the cold war MIC technology grid.
Google is clearly the smartest Oligarchy techno elite structure in town : Both the big data model based on expert system leading edge and now the Drone factory! They will be the East India company of the global aristocracy cabal in tomorrow's Orwellian world !
so when they taper, who buys the paper? Seriously, who......???
Good bye 10 year.
falak or felatio - get a grip, nobody can understand past your first sentence...
lol, its all greek.
The rich continue to grow richer
so do all of the ira-ers/401k-ers/pension-ers/homeown-ers.
lets not forget the trillions in retirement accounts and home equity that have been saved by Ben the Almighty. penion funds like calpers. baby boom retirement funds through fidelity and vanguard and pimco. many many americans pray to Ben each and every day.
I think you are either a Wall St. tout or simply major joyboy clueless. I suspect the former since such charming niavete is getting hard to swallow in the time of new normal. We've had two hard Wall St. whackings in 13 years and a real estate bubble burst and the banksters are setting up for another of each before they initiate the first round of bail-INS after previous rounds of bailouts. It's a house of cards. MY bullshit meter is pegging on the red!
Your prophesy, while primarily true, is utterly irrelevant to my point that everybody who has assets in the stock market and homes has seen an increase in wealth on paper, which allows one to cash out of the system for more tangible wealth if one desires. But for you to claim that my assertion is incorrect makes you a fucking moron at best and disingenuous at worst.
http://www.youtube.com/watch?v=f0fa_BaljjQ
No it doesn't. Here you are being a real moron, Kito. Ever hear of or consider the General Price level? Probably not as all you speak is the price of things but you obviously know the value of nothing. You are an amateur.
The economy and its participanst are much more complicated than housing and IRA, you stoopid, arrogant fuck.
The misallocation, or rather the direct allocation, of resoures by the Fed, to the banks is incredibly inefficent for the US economy, and indeed an immoral socio-economic policy determined by a very small group of people.
So sure stocks and housing goes up.... indeed held hsotage by the Fed.... lest economic stability (general price level) stability threaten their relevance, influence, and lives.
Sigh, again, another making a point irrelevant to my statement that every baby boomer I know is quite happy with the fact that their 401k has been painted green for some time. Where the FUCK did I say it was good for the economy. I didn't state it was due to healthy organic growth. Learn some basic reading comprehension skills CLOWN. I didn't state that it would last either. My only point, which is pretty clear, is that it hasn't just been the rich whose portfolios have been fattened. Why is that statement so hard to understand. Reading is fundamental.
I think you are either a Wall St. tout or simply major joyboy clueless. I suspect the former since such charming niavete is getting hard to swallow in the time of new normal. We've had two hard Wall St. whackings in 13 years and a real estate bubble burst and the banksters are setting up for another of each before they initiate the first round of bail-INS after previous rounds of bailouts. It's a house of cards. MY bullshit meter is pegging on the red!
I think you are either a Wall St. tout or simply major joyboy clueless. I suspect the former since such charming niavete is getting hard to swallow in the time of new normal. We've had two hard Wall St. whackings in 13 years and a real estate bubble burst and the banksters are setting up for another of each before they initiate the first round of bail-INS after previous rounds of bailouts. It's a house of cards. MY bullshit meter is pegging on the red!
Well done.
The taper begins because the Fed has pretty much shredded all those MBS's which would've caused the banks a MAJOR headache and created mucho chaos. And it also begins because there is no longer any "return = improvement to the economy", and they don't want to be called Japan, or dead-in-the-head stupid or some such. The banks and Wall St. aren't going down, as they are needed by the power elite to continue sucking up money and assets for them. This is a slow burn that they can continue for decades if needed. They'd love to move us to a gold standard (foolish us) as then they could really control the currency, which would almost be a finite currency (the Rothschild entity as been vacuuming up gold for centuries and we'd be playing right into their hands). They wouldn't mind going right to an electronic currency as well so that tax authorities can scoop up much more revenue to turn over to the elite. This is going to be a long long slow burn. And capital is being poured back into North America (look at energy, manufacturing/robotics, tech, bio-tech, etc.). There are a lot of up arrows in this country. Yes... I've been reading and listening to Catherine Austin Fitts and went over the Damon Vrable teachings before he bugged out.
Need some Carlin:
"The most unfair thing about life is the way it ends. I mean, life is tough. It takes up a lot of your time. What do you get at the end of it? A death. What's that, a bonus? I think the life cycle is all backwards. You should die first, get it out of the way. Then you live in an old age home. You get kicked out when you're too young, you get a gold watch, you go to work. You work forty years until you're young enough to enjoy your retirement. You do drugs, alcohol, you party, you get ready for high school. You go to grade school, you become a kid, you play, you have no responsibilities, you become a little baby, you go back into the womb, you spend your last nine months floating... you finish off as an orgasm."
Excellent...youth might be wasted on the young, but experience and money are definitely wasted on the old.
The hostage is a basket case, kill it, they own it now anyway; let it die and then we can torcher the bastards.
In case you missed it, the Republicans just funded Obamacare and gave the Democrats everything they wanted.
It's game over folks!
the good news is if they taper just right they'll have something left over after this bubble blows up in their face too. then you get "QE to Infinity 2.0" http://www.youtube.com/watch?v=CjWYbcbpiWA
Check back with me in the fall after these intervening months of Obamacluster and nothing but a joyous cluster on the horizon. R's just might get the senate and house. Can't get a veto proof congress but might be a nice change of meme don't ya think? Maybe an opportunity in 2016. I love reading this blog but for the love of Pete you guys are fatalistic. Have some faith in a God of retribution. If the SHTF consider the wonderful opportunities for a liberal smack down when adults are in charge. Jebus peopo, we know were in the rabbit hole, what does describing the depth and breadth help our cause? Grab hold of a truth and beat a liberal over the head with it. It will feel much better than commiseration seen here all to often.