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Why Did The Fed Hold An Emergency Meeting Yesterday?
Everyone knows that the FOMC announcement, due today at 2 pm, will be the culmination of an orderly, traditional 2-day meeting which started yesterday, April 29.
What few know, however, is that in addition to the generic FOMC meeting which started yesterday at 10:30 am, at about the same time, the Fed also held an "expedited" emergency meeting between the four board governors Yellen, Tarullo, Stein, and Powell.
As the WSJ adds, "The four members of the board met to discuss "medium-term monetary policy issues," according to a meeting notice posted on the Fed's website.... A Fed spokesman declined to say if the two meetings were combined, or how long the board meeting lasted." The WSJ also notes that the "last time the Fed board met to discuss "medium-term monetary policy issues" was on April 26, 2011, according to analysts at BNP Paribas."
So what was discussed? We won't know because the "meeting was closed to public observation by Order of the Board of Governors because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting."
Ironic, because nothing the Fed does is in the public interest. Or, to be specific, 99% of the public...
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Please, that's easy. It's 2008/2009 again and nothing has changed. The same criminals and or their political puppets are still in charge, but the numbers are much, much, larger...
Tick tock motherfuckers...
Untapering the untaper!
Oh boy! Only good things can come from a closed Fed meeting.
So ... does Yellen have balls or not?
Representative government derives its legitimacy from the informed consent of the governed.
“Everything secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity.” – Lord Acton
Whether the Bisley Boy tale applies to Dr Yellen as well as Queen Elizabeth I?
To discuss Yellen new Douche preperation. She wants to make sure she is as fresh as possible when the financial system collapses.
Someone on TeeVee told me that things were getting better. So they must have met to try to figure out how to contain all this irrational exuberance.
Either that, or the fact that a debt based system dies unless phantom assets can be inflated high enough to attract more debt and leverage (I think the Fed calls this inflation, which is somehow good) has them concerned.
did i see yellen playing a bit part in pac world?
What Was Discussed???
How To Short More GOLD We Don't Have, To Keep The Keynesian Dollar From Imploding...
I give up. Why?
They are trying to figure out how to keep Spy up and prevent a collapse of TWIT IWM and IBB...good luck!
Peak Transparency™.....bitchez
"So ... does Yellen have balls or not?"
From the look on her face..., I'd say she just discovered that she does.
The meeting notes have you cannot!
I'd say someone knew the 0.1% GDP growth number ahead of time and wanted to think it through before the FOMC decision. There may have been a few pairs of brown panties involved in this also...
"...Yellen, Tarullo, Stein, and Powell."
And Fisher.
'Belgium' has been buying massive amounts of US Treasuries. Someone insane has been buying enough periphery bonds to drive their yields down to absurd levels and gobs of USDJPY mysteriously gets bought whenever it drops to the magic 102 level. US, Japanese and EU central banks are propping each other up each other since they can't openly do it for themselves without causing a loss of confidence. Someone's ammo is about to run dry and it's time to come up with a plan B. My guess is the US is running short of yen to shovel against the tide. The Fed can print dollars all day but they have to have the yen in hand. Oh well Obama said there would be costs if Russia didn't back down.
It crashes before the end of May.
May of what year?
Anything to do with this?
"...last time the Fed board met to discuss "medium-term monetary policy issues" was on April 26, 2011, according to analysts at BNP Paribas."
Why does WSJ quote 'analysts' at BNP Paribas? Maybe they have a special interest?
http://www.bloomberg.com/news/2014-04-30/credit-suisse-bnp-paribas-charg...
Prosecuting the companies would break with a past practice of brokering settlements with large banks that are considered integral to the financial system. Previous probes have been resolved through so-called non-prosecution and deferred-prosecution agreements, which have been criticized by U.S. senators for failing to hold banks accountable for breaking the law. Preet Bharara, U.S. Attorney for the Southern District of New York, responded last month, saying that “a significant financial institution” will soon be charged...
... To prepare for potential criminal charges, prosecutors have met with regulators including the New York Fed to discuss how to contain the fallout, the New York Times reported, citing records and unidentified lawyers.
What if they just add onto each others balance sheets in bits and bytes - much more than "officially claimed"...
FED, ECB, Bank of Japan and Bank of England are not audited, so no one should notice and then they agree when economy picks up they will unwind... JPM, BofA, GS, DB, Citi and other big ones are all in on this and trying to put some of the shit on their balance sheets under "derivative transactions - OTC - interest related", but it all starts to spiral out of control because of the sheer magnitude of the rig. A lot of book-cookers with heart attacks, nervous break downs or jumping off the roof...
And collectively, they are like a gambler lending and stealing and scraping together more and more money, convinced he will "win back" the losses some time later and everything will be fine...
I'm just wondering about two things:
1) Did Putin maybe tell those crooks in 2013 that they should finally cut the crap because it's way too much now and they lead the world to the edge of disaster?
2) Is the PBOC in on this or not?
Summary of Fed meeting:
Russia.
Petroruble and Petroyuan.
Oh shit.
Why is it that picture of her face reminds me of an ostrich?
Looks more like 'OMG that's huge!"
One would think that Larry Summers could find a better wig.
Aaannnd make-up artist.
What is missing from the picture is the caption " Yes I assure you we are quite safe from your rebel friends here"
They were handed their scripts and they spent the emergency meeting preparing their lines.
I expect a Tony AwardTM nomination at a minimum.
moved
What Was Discussed???
How To Short More GOLD We Don't Have, To Keep The Keynesian Dollar From Imploding...
Why did they call an emergency meeting?
-Cuz there is an emergency.
What do i win?
You win a weeks paid vacation in Donesk, Ukraine with "USA" lettered on the back of all your clothing. Lucky you
an autographed copy of Yellen's Central Banker's Illustrated deer-in-the-headlights centerfold, swimsuit edition. huma! huma!
Yellen = Ashkenazi
Stein = Ashkenazi
Tarullo = Jesuit
Powell = Jesuit
Ashkenazi = ~1% of population; Jesuit = ~1% of population; but 100% of FED governors.
I guess that would be a fair representation for affected citizens ... in some alternative universe!
what is the Jesuit angle, please explain... some kind of Illuminati stuff?
there is a similar composition to Supreme Court, so you may be on to something...
Washington DC: Military Arm of NWO
Vatican: 'Spiritual' Arm of NWO
Wall St./City of London/Frankfurt: Economic Arm of NWO
The Jesuits were writing world history all the way back in the late 17th century. The important qualification is to be a sociopath, as far as I am concerned. If you have proven yourself a violent sadist, or a cunning manipulator, you are 'in the club'.
NWO needs a "spiritual arm"? lol...
Yep to put out the brainwashing to the masses to control them from that angle.
Jesuits psychopaths, violent sadists? Not any of the ones I've known. Au contraire.
Read: The Secret History of the Jesuits - by Edmund Paris (quick read)
Long 700 year history of geo-political intervention - Jesuits were Nazi collaborators 1930's - Pope Pius XII their man - and many of the european Bishops worked for Hitler
existing sitting Pope a Fascist collaborator in Argentina - trying now to make amends for his actions regarding the desperados etc
disagree with "Nazi collaborator" tripe - that is straight from anti-catholic Zio-media and has been thoroughly refuted ... and doesn't fit at all with the original point of ashkenazi/jesuit conspiracy....
The FBI just released records indicating that Hitler was not in the bunker and escaped to Argentina. U.K. records are sealed for a hundred years.
I suggest Greg Hallett's book, "Hitler Was A British" agent." It will show his training in Britain, Irish relatives etc.
http://greghallett.com/
It gets even better as more links such as this are popping up, some indicating that Der Fuhrer was a Rothschild and Angie is possibly his daughter.
http://www.thecontroversialfiles.net/2013/03/angela-merkel-hitlers-daugh...
Most everything you think you know could just be wrong.
http://www.onlinepublishingcompany.info/content/read_more/complexInfobox...
The Jesuits are still trying to get even with Martin Luther (and apparently will stop at nothing to do so).
Venetian Cardinal Gasparo Contarini was a leading supporter of the Reformation - in particular Martin Luther and the Swiss Calvinists - at the very same time as he was personally intervening with Pope Paul III to sanction Ignatius Loyola to form the Society of Jesus to conduct the Counter-Reformation!!!
In true Jesuit/Venetian/Khazar fashion, he was playing both sides. Nothing has changed since: Problem ... Reaction ... Solution.
evidence for that? Contarini was for dialogue with the Reformers. That's quite a stretch between being willing to talk and being a supporter
further, the whole Counter-Reformation involved many other religious orders. I'd suggest you read both sides of the story, it gives you an interesting 3D effect
As the leading member of the Spirituali, Contarini was not only a supporter of Martin Luther but also of Galileo and Copernicus (whose theories were the catalyst for the division of the Roman church).
You're too close to it to see the broader picture, Ghordius.
You want to see someone play both sides? Look no further than Cardinal Richelieu. Damn near let his enemies destroy one another, before going in for the kill.
The Captain Is not a big fan of Newton. In fact he is a wealth of information hidden from the west. Once the calculus and gold was stolen from India, thus began the march of western civilization and industrialization.,
The Dutch East Indian Company was in Calicut in 1602, parleying with our Zamorin.
Even before that in 1580 Matteo Ricci borrowed Calculus Malayalam texts from Calicut in 1580, never to return it. (those days there were no fax or photostat machines). Whish and Hyne stole Calculus texts from Trichur Temple Library a few years later.
They too calculus to Europe, from where the likes of Gottyfried Wilhelm Von Liebniz, Isaac Newton and Robert Hooke raced with each other to translate, re-invent in their own names, in a acrimonious manner.
http://ajitvadakayil.blogspot.hu/2011/01/isaac-newton-calculus-thief-cap...
Google / YouTube Karen Hudes
the Jesuit Angle is what you get on websites like VaticanAssassins.org
http://vaticanassassins.org/2012/05/02/notice-the-pope-is-the-worlds-def...
there you read that Tarullo is Jesuit-trained, which means he went to a middle school run by Jesuits (like yours truly)
there you can read that Ike was a Knight of Malta (no, I'm not, I declined the last offer), among many others
and so stuff like what happened on the anniversary of the -quote- infamous Battle of Lepanto -unquote, which seems to be among the Jesuit Conspiracy theories, according to VaticanAssassins.org
Guy Fawkes? The guy famous for the Guy Fawkes Mask? A Jesuit Conspiracy Terrorist trying to destroy England or Freedom Fighter against the oppression of religious minorities in the realm? You decide, you'll find both versions since centuries
...both of the goys went to Georgetown at some point, hence Jesuit conspiracy!! I always try to be open minded but some of this stuff is too much to take...
Only you and Ghordius are crying "conspiracy!".
I was just quoting an interesting fact of contemporary representative government. You may call it "coincidence theory", if you like.
and your original point was...? or maybe you're just a frustrated statistician?
Yeah, most Jesuits are actually fairly nice people who try to see goodness and potential in anyone. The real reason the Jews and Jesuits (or Jesuit-educated people) both end up in positions of power throughout history is that both groups have strong traditions of intense education. It's as simple as that.
Real conspiracies aren't entire demographic categories or religious movements: they're the guys who IM and e-mail to fix the LIBOR rate during their nine-to-five office hours, the NSA spies who are specifically employed to spy because their job is spying on people in their spy offices, the good-old-boys' network that makes business deals over golf when they're supposed to be in the office: real conspiracies tend to be work-related, not "identity"-related. The concept of "identity," however dear to academia and fringe groups (both of whom have odd similarities in overthinking their research), isn't nearly as useful for examining the real world as knowing who works with whom in what fields.
I patiently await a torrent of downvotes.
"Yellen = Ashkenazi Khazarian
Stein = Ashkenazi Khazarian
Tarullo = Jesuit
Powell = Jesuit"
There fixed it for ya.
Similar profile for the SCOTUS.
It's only weds in the new week and it's only going to get so much weirder.
The FED has been digitizing so much money that they forgot what real money looks like.
So an emergency meeting was held to pass around real printed money and use it like a sex toy in exactly the same way Wall Street has been doing since its inception.
Real printed money is an oxymoron
Unfortunately, as others point out below. real emergency meetings and the items discussed will NOT be disclosed to the public.
That's the fucking problem, there can be no "informed consent" if everything that really matters is being done in secret.
Audit the fucking Fed!! Then END the FED!
Tick tock motherfuckers...
I believe we have consensus.
If there is something major brewing, I can guarantee it has already been disucssed in depth informally. A meeting such as this could simply be a rubber stamp action.
Do you suppose they will ever tell us what they rubber stamped?
shell game without a pea
If they want to keep up appearances, they would have to assume that such rubber stamp meetings may be subject to future release. Therefore, it would be wise to announce them and have something to hand out in the event that Congress decides to review what happened, or there is some successful FOIA request. If something goes south, and eventually something is going to go south, they're going to want some meeting minutes to hand to the angry masses. This way, they get to have talks in back rooms AND have something to hand the public.
We have a restaurant in Santa Fe called the Bull Ring where a lot of the state legislators go to eat and talk shop. Then they go into committee, or onto the floor and publicly talk shop, and eventually vote. A lot of discussion happens off the books. Federal politics, and private or not, the Fed is involved in federal politics, ratchets this kind of shit up 10 notches.
Edit: Perhaps we could start calling this Bull Ring Poltics. It has a *ring* to it.
On a long enough timeline......
"Representative" government derives its legitimacy from the use of its monopoly on violence. Nothing else.
Which is exactly why we have the present Bozos in office. The lesser informed the voter, the bigger the Bozo.
With the indices up near all time highs and nothing happening in the economy that is any good, does she try to rein in the stock markets or pump even more money in to the banking system that is doing NOTHING of any good?
I hope she's got more balls than Bernanke or Greenspan.
DavidC
We've crossed the Rubicon. Yellin could be the best Fed chair ever and it wouldn't matter.
@El Vaquero
Yep. It's a fait accompli, just got to ride out the coming shit storm. Hopefully, when the shit subsides, we'll have enough sense as a society to rid ourselves of central bankers.
One thing is clear and that is their power is dervied from the USD and they will do whatever is necessary to ensure it remains the world reserve currency. Not that they will be successful ultimately but they will surely try. With no USD, they have little to no means of control.
That's why untapering the taper is not a sure bet.
They will allow the economy to collapse, murder half the population, and put the rest in FEMA camps before allowing the USD to be killed off.
Their pawns are the US Gov't and the USD.
One will have to go, though, because we are in a terminal phase. Either the gov't will have to make massive changes (budget cuts, don't make me laugh), or the USD will lose world reserve currency status.
One of the fed idiots should check...im not interested
Pretty much that, LoPdood.
They had advance look at the GDP release.
Enforce Chapter 6, Section 19 of the Coinage Act of 1792?
Why did the corrupt, central planning, narcissistic, Keynesian, war mongering, debt soaked, destroyer of wealth, Federal Reserve Chairwoman cross the road?
Because there was a wall, and her face wasn't quite flat enough.
Because the snakes wouldn't let her dig a tunnel, they don't like her kind.
they had free bagels and lox on the other side?
Shadow banking getting stressed again?
Tick tock indeed.
Secret meeting topic: Pull the plug, or Brace for impact. Depends on their self-perceived level of control.
Maybe she passed out cyanide pills for each of them in case their monstrosity completely implodes, so they can take the easy way out.
"Shadow banking getting stressed again?"
Wonder if a bunch of our EFH bonds were insured (CDS) by AIG? Could be they (AIG, or some other bond underwriter) are fixin' to crash again. You can't have one of the largest corporate bankruptcies on record without rattling some foundations somewhere, can you?
Or, Buffet wanted something.
Why did they ----? To decide who would order in lunch ?
"There ain't nuthin uglier than an old white woman." Fred Sanford
"...other than an old black woman." -Archie Bunker
QE to the moon and back?
I'm sure it was just a meeting to discuss what they will talk about at the other meeting. lol
You laugh but I go to meetings like that. *sigh*
My org is replacing our ERP software. I've been to meetings that started over two years ago that have still YET to progress to a decision making phase, even though we've gotten signed contracts from multiple vendors who will have to work together... SOMEHOW????
The project manager likes to pretend he's keeping "all of the options open."
Meanwhile, every milestone is labeled "TBD." (other than the handful rendered MOOT)
the buffet had run out of gravy and yellen was furious. yellen demanded answers when she realized hitting ctrl-g didnt magically put gravy in her trough.
Vice-chair is the power behind the throne now. Yes-llen.
Just knowing about the emergency meeting is valuable intelligence; thanks to Zero Hedge.
Absolutely! I wonder who was at that meeting via Skype.
Skype can never be used at events such as this, bilderberg gatherings, davos, skull and bones, etc etc.
They know big NSA is watching and wouldn't want to give anyone else an edge....only the chosen people are allowed to profit from their raping and piliging
absotively bullish... a fed emergency can only mean more $$$ for everyone!
me thinks .1% may have something to do with it?
of course a possible bank holiday from May 1st over the weekend!
"Janet, you hold this card up with your left foot, while Art and I hold these two cards up with our right and left hands.....no wait, that won't work. Hold on a minute, let me figure this out before this whole house comes crashing down. Oops. Too late. Duck!"
House of cards?
You mean we should buy NFLX?
Obviously about Donald Sterling - Yellen is a Clippers fan...
The FED is considering seizing and reselling the Clippers, that's half a day of QE right there.
Right now under a forced sale the Clippers are worth about Zero
The forced sale will have no affect on value, the same parties would have been bidding against each other under a voluntary sale.
Funny, how I don't give a shit about the Clippers. That people are distracted by such minutia when we're poking Russia with a stick speaks volumes.
What is this Clippers I hear people talking about? Must be really important. It's days like these when I regret not having TV.
Long story short: Racist NBA owner is racist. Film at 11.
Then I bid $500, hell I don't even watch "Baket Ball"(sic), but there's value if I can snag it at my bid!
(I'll issue my players "shares")
In the medium term we're all dead.
And in the short term, we're all fucked
'We gots to get our damn story straight, muthafuckas!!'
Maybe they were discussing Spring fashion? Wouldn't want Mr. Yellen to make a fashion faux pas at the next press conference. I'm sure that's all it was.
Well beings spring, she can wear white.
But can she wear flip flops?
There's a new Johnny Kohn brand of flip flops. "I wore them before I didn't"
Funeral Black or Funeral Black with pearls.
That's the extent of her garb.
So they could BTFD?
Didn't they used to do this quite often in '09 - '10? Seemed like they were always having "emergency" meetings then.
When it gets serious, you have to lie.
"Sunshine act"? WTF???
Where is Truth in Sunshine today? This post is tailor made for him.
Tyler probably wanted to write "Sunstein Act"...
Today is National Honesty Day.
Didju all know that?
Uh huh...
Maybe Obie will address the nation about his birt ... nah ... never mind...
National honesty day? Does this mean that we won't hear a peep out of the WH today?
People might raise an eyebrow if they simply said they were a private company and tough shit if you want to know what we are saying.
pods
The act is aptly named. It's about sunshine being inserted in our collective anus. When the act gets a bit more truthy, it'll be renamed to the Smoke Act.
Blow sunshine up the ass of sheeple everywhere.
That would make Orwell smirk.
a real emergency meeting wouldnt have been announced. that much im sure of.
Exactly.
wait for it. wait for it....
"medium-term monetary policy issues"
AKA what to do in the next five minutes, long-term policy involves planning an hour into the future.
medium term 'cuz they ain't no long term no'mo
They were discussing Putins recent financial move- "check".
Does this mean even the ECB doesn't want our debt anymore?
Pure speculation but what if BAC wasn't the only one that struggled with the math on their stress tests?
Hey math is not used in banking a lot so I understand how this could happen.
What if
If Then
Sunshine Act ...cant use weather as excuse with Sunshine Act..
...Its all an "Act"!
Don't miss Bath house Berry and Old Yeller in the new musical;
"We're blowing Sunshine up your Ass"
Perhaps a few banks need some emergency assistance. It doesn't require a TBTF bank to bring down the system.
Probably was to get Hank Paulsons phone number....a bigger crisis is on its way.
Half of European banks got downgraded to negative today that's why!
Belgium wants out.
It was obviously to "school" Yellen about something!
Possibly mapping out Obamaville
Yellen gang-bang? just a guess
runnign around in a panic like lunitics should not be made public
Yellen wanted to enquire wether she should decrease the bowl size for her next hair cut...she wants more of a pixie!
they could not agree on what to order for lunch tomorrow...
Russian hacker army stole most of the QE money in bitcoin-style..
And are pissed because they found out it was worthless.
And what happened May 1st, 2011? That was the Sunday night drive-by, the assault began 30 minutes before they released the Osama's dead bullshit.
Lookout below, Silver. Here they come again. They're rolling down the windows..