Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.
Since I'm writing this on Sunday evening, if the Dow Jones Industrial Average opens down 1,000 on Monday morning, I'm going to look very foolish. Such is the risk of being contrarian. So what's contrarian now--expecting a crash or expecting a bounce and rally?
Exactly what the sentiment consensus is right now is open to debate. Analysts expecting a stock market crash see those expecting a rebound as the consensus view.
But if we look at various measures of sentiment such as the Put-Call Ratio and greedometer.com, we find elevated levels of fear over the past few weeks. The consensus can hardly be said to complacent when the VIX index is over 20.
Let's set aside sentiment measures and technical analysis and ask a larger question: will the Fed let the stock market crash before an election? Once again we find two camps among participants. One camp believes markets still obey the basic rules of technical analysis. The Fed and other central banks may intervene at the margins, but their interventions only work on low-volume days. When selling increases, it overwhelms the relatively modest size of central bank intervention and the market then crash.
The other camp holds that all markets are now engineered, and intervention can reach essentially unlimited levels if the Powers That Be deem that necessary. I covered this view in Have We Reached a Financial Singularity? (September 4, 2014)
For context, let's recall that the Fed conjured up $16 trillion to backstop global banks in the Global Financial Meltdown; (the Levy Institute came up with $29 trillion after poring over all the data):
To put $16 trillion in context, note that entire gross domestic product (GDP) of the U.S. is about $17.3 trillion, and all residential mortgages in the U.S. total about $10 trillion.
Long-time readers know that I see the Federal Reserve as an intrinsically political entity. Though it casts itself as an independent institution that's above the political fray, this is simply good PR: the Fed is as political as any other institution of the central state.
What would happen to incumbents in the election a few weeks from now if the stock market crashes? The happy story--that all is well and you would be wise to re-elect the incumbents responsible for the economic good news--would be reduced to rubble.
One can only imagine the phone calls being made to Fed governors by politicos of both parties suggesting that it would be a terrible shame if all the hard work of those in power was destroyed by a needlessly destructive market crash.
We can also imagine similar calls being made to officials in the Bank of Japan, the European Central Bank, etc.
We know central banks are openly buying bonds and stocks, either directly or through proxies. What possible reason would the central banks have to suddenly reverse their interventions and stand aside right when the global markets are in meltdown?
Thus we can also imagine some conference calls being made this weekend to coordinate intervention on whatever scale is necessary.
If central banks have learned anything since 2008, it's that waiting around for the panic to deepen is not a winning strategy.
We can also ponder the psychological consequences of the vast expansion of intervention. Where prior to 2008 the Fed and other central state players might have viewed $10 billion as a major intervention, what do you think whatever it takes is now? Do you really think $1 trillion would give those in charge pause? Since we're talking about propping up a $160+ trillion edifice ($80 trillion of assets in the U.S. alone), what's a trillion or two between pals?
Some observers think it bearish that no central bank has stepped up and announced a new easing program. I reckon the central banks have fully grasped that the public is now skeptical of PR campaigns, and so the smart move is to avoid public jawboning in favor of buying the assets directly, in whatever quantities are deemed necessary.
Put yourself in their shoes. Isn't this what you would do, given the dearth of alternatives and the very real risks of implosion? Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.
If $1 trillion doesn't do the job, make it $3 trillion, or $5 trillion. At this point, it doesn't really matter, does it?
Boy, I can remember when a trillion dollars was a phrase out of science fiction. Unreal to most people. Still is to me.
The tribe is going to hit the cocaine button again.
See Venezuela for your real life example. They are starving down there and still they can’t figure out it’s the fucking bankers fault. Still playing politics as their calorie count drops below 1,000 per day.
So why would the Fed do anything other than all they know how to do? Fuck people over.
0.001% of the world can realize what's happening. That's why the criminals are playing with trillions.
Whenever the market crashes it can be made "good" for somebody.
Stakes are high.
Look for boldness.
Save the "free markets" and deliver us from risk, Sister Yellen .
Ensure "market efficiency," Father Dudley.
Be our guardian for "market fairness," Brother Evans.
Protect speculators from harm, K-Hen.
Be seated at the Right Hand of Kapitalism, Edward Quince.
Let me pick - Pontius Pilate
All of them, the crowd roars.
The Fed loves a market crash before an election. Gets everyone worked up to get in line. They'll own both candidates anyway.
Right, and didn't the market crash in 2008 right before the election?
What does Tel Aviv want?
Ring Ring: Hello?
Stanley Fischer, is that you?
If it crashes, which it looks like it is, you can bet that it is because the powers that be have decided that the nation will vote for Republicans next month. Probably made a deal to gut the Fed Audit in exchange.
Or made a deal to kick Operation PNAC '7 Nations Steamrolled" into hyperdrive.
Don't get me wrong; it's not that both "different" political parties won't do everything that they can to do their task for their masters. It's about which "different" political party will be more slavishly eager to do it quickly handbags a sound plan to attempt to effectively undertake the task.
Syria is the current target.
http://www.youtube.com/watch?v=oXS7IsOdu-A
There are no markets, there are only interventions.
the author assumes , of course , that the midterm elections will still take place as scheduled .... i don't know about you, but me thinks that the rapidly escalating obola (phony)crisis would be a perfect cover for a "temporary" (*coughindefinitecough*) postponement of the elections ... ? << never let a good crisis go to waste ! >>
A republican who wasn't running for re-election was in office during the 2008 crash.
QE3 was introduced just before the 2012 election, preventing a crash.
"Once again we find two camps among participants. One camp believes markets still obey the basic rules of technical analysis. The Fed and other central banks may intervene at the margins, but their interventions only work on low-volume days. When selling increases, it overwhelms the relatively modest size of central bank intervention and the market then crash."
What about the jawbone? The FED only needs to talk about action and they will get the desired result. They don't need to buy at the margin or buy anything. One of the FED stooges comes our and says something that gives the impression that they won't tighten or will loosen further and the market will rocket higher.
Now, the real question is what does the FED want?
The Fed wants everyone calm so they can steal the better part of their money? To do this they can't have people worry about inflation or they will wake up to everyone and there mothers in other more stable currencies.
Now if you were a bureaucrate with a confortable lifestyle that depended on that stibility what would you do with a market choping at the bit to run because inflation was eating them alive?
Thereby your postulate we should anticipate QE4 such that Hillary may be elected. I await for something along the lines of "get to work madame chairwoman" to be said. This is all going to get more inflated before it gets better.
Yeah, it's becoming SOP to crash around elections. As stated above, it makes the pleebs think their vote matters.
Can't really see a major crash right now, just a minor one. After all, it's only a midterm. Gotta save the big crash horrible 2016.
I could be wrong...
The clowns can only juggle them balls so long.
hehehehe, one of the best explaniations for the morons in charge...
You stole my thunder! People forget the recent lessons of our past so quickly.. The cycles of time these days are as simple as the instructions on a bottle of shampoo.
Inequity brought us EBOLA. People in power must remember that. Closed echosystems have a way to deal with inequality. Humans are not unique in anything biologically related.
Banksters should always keep this in mind...
This is a great point. As the last of the "salty talkers" I hope folks realize that prejudice is alive and well in this world and no, we are not rising above it here. Folks know what divides us makes us weak...what unites us makes us strong. Ebola is a classic creation of what divides us will make someone a ton of money.
I don't believe for one second that this was done intentionally by the folks we voted for. I do believe and have always been suspicious of the idea that "folks see a bad thing coming and they do nothing to stop it."
There is no way the folks in charge of the USA prior to 9/11 didn't see it coming. Same goes for Ebola. Somebody just decided in a world of "pop politics" since they knew Ebola was coming to America (indeed clearly actual doctors are bringing it here) who are they to stand in the way of the inevitable?
Discussions here have gotten quite civilized of late. Interesting to see. "Problem not solved" though.
I keep wondering about the 'Satan Signal' from a few days ago. 666 e-mini contracts isn't chump change and the HFTs don't usually spoof with contracts large enough to be costly if they actually get filled. if it really was a signal to the machines to flip their switches from 'good' to 'evil' it means that someone in the know wants the market down. Don't expect this rally to work like the others.
Dude sorry bro but 600 eminis is indeed chump-y
Isn't it Soros who has bet against the US financial markets? Doesn't he stand to gain a $billion or two if it tanks? Like he did with the BOE?
A few hundred million nominal may not be huge but the trend has been for the HFTs to go smaller and smaller. Small odd lot trades are becoming more frequent. You may not go broke if someone snags your 666 trade and you have to exit for a loss but why spoof a larger amount if a smaller one would work? They might know the larger ones will have have more effect but I wonder if there might be a trigger buried in the code somewhere that literally changes the way the programs trade.
too much worries ... just shoot as Tuco once said ...
pal 666 explains it all ... there is no chance on that amigo ... probably 1 in 1 trillion or so is a coicidence... now you decide
"Will the Fed let"
We are condishened to beleve the fed has the right to fuck with true market forces.
Sad
ETF End the Fed
-1 Al is that you?
Bold red slashes.
They will never let the market crash before an election. It would be too politically destructive to the puppets counting on re-election.
The puppets are expendable whenever it is decided they should be replaced with new puppets.
EXACTLY! My CONgress critter will win with about 75% of the vote despite the fact that they rail against BHO and then vote FOR debt ceiling increases to fund his agenda!
how else can they blame a crash on the repubs if they dont wait until after the mid terms.....and say it was a confidence thing
Market stick save & rollback gasoline prices just prior to elections = standard procedure
No shit? I learned that one the hard way back in 2000. They released Strategic Petroleum Reserves when Al Gore's poll numbers were sagging. My oil stocks got clobbered.
The whole premise of this article assumes that elections are real.
"See Venezuela for your real life example. They are starving down there and still they can’t figure out it’s the fucking bankers fault. Still playing politics as their calorie count drops below 1,000 per day."
It was the corruption and mismanagement of the Venezuelan economy by that fucking Marxist dictator Hugo Chávez (aka pineapple head) and his thieving leftist cronies that have bankrupted Venezuela. The country’s dominant industry, petroleum, was nationalized under Chávez and has suffered at every level from mismanagement, financial milking by the government, and rampant corruption. Venezuela has sent tens of billions of dollars’ worth of oil to China, while China provides guarantees for Venezuela’s imports to some suppliers. Effectively, the Chinese are now getting part of their oil for free, while Venezuela has billions frozen in Chinese accounts.
To make matters worse, Venezuela has supplied oil at unbelievably low prices, with 30-year terms, to ideologically friendly countries in Central America and the Caribbean, including Cuba. Since 2004, this largesse has cost Venezuela $30 billion in lost income. Moreover, the Chavistas have forgiven the debt of many of these countries. They allowed Jamaica to pay its debts by sending a few hundred English teachers for a spell in Venezuela, while Cuba has been paying its debts by sending Olympic sports coaches and economic advisers.
Wasteful spending by Chávez, at home and abroad, left the country’s finances in severely critical condition and crippled effective financing of the private sector. Chávez installed a socialist command economy in Venezuela, which has continued under his equally corrupt successor, Nicolás Maduro, a former bus driver. Thousands of companies across every segment of the economy along with farms and cattle ranches have been nationalized or simply confiscated without payment.
In desperation, the government has established an elaborate network of state enterprises charged with importing goods that were formerly offered by the private sector. Now hundreds of political appointees are in charge of importing billions of dollars in goods that range from wheat and corn to cell phones, medical devices, and power plants.
Venezuela's Marxist dictators and their cronies are the ones who fucking over the Venezuelan people.
http://panampost.com/enrique-standish/2014/01/27/venezuela-coming-meltdo...
http://www.economist.com/node/18233412
I distinctly remember the warm embrace of Barack Obama and Hugo Chavez at a Latin America confab. The two soul brothers.
They have been having a lot of Heinleinian "bad luck" down there.
The tribe is getting ready to pull out of the United States. At this point, they have pretty much milked it for all it was worth. Time to move on to greener pastures.
Where are these greener pastures you speak of, Mars?
Not much out there 'greener' than a green-back, yet.
asia looks like the next game in town .... the plan must have been going on for 20 years or more ...do you think all those jobs in china went by accident? getting tax benefits to export the jobs?
No, not pull out. The Patriot Act, car leases, home borrower(deadbeat owners and bankers) bailouts and non discharge-able student loans are the key. They slowly increase the slavery.
Funny how it seems to appear that Maduro is well fed!
a trillion here, a trillon there and pretty soon you're talking about real money....
Except that we all know now that when you talk about a trillion, you are no longer talking about real money :)
I don't think I'll be too old before they announce the first NY condo that sells for a trillion
A trillion what? Bloombux?
It's a funny thing. Ask any athiest and they will tell you there is no God because they haven't seen one. And yet, they believe in a trillion dollars even though they've never seen it and never will.
Lets fucking hope so.... I am so sick of hearing the dems talk about how strong the economy is... had they ever sat in any community college econ 1 class they would know to keep their mouth shut...
You must have been one of my students.
There's lotos of PhD economists who see nothing but golden fields of growth from their ivory towers as well.
Economists dont get a thorough enough education in hard sciences.
They never see basic control theory, nor non linear dynamic systems, nor non stationary systems, much less control theory of those systems.
Neither do they study ever fractal theory and mathematics of chaotic systems and obviously much less how to control them.
Now imagine this hard science blind guy trying to control a highly non linear infinitely nested non stationary system with chaotic behavior and you have the federal reserve and most economic advisors.
Sad but true!
Fuck off have you seen a economics blog? Fucking differential equations out the ass. Yes I do have a minor in math. Physics, chemistry, zoology, fucking put me to sleep. Chaos, all that shit.
Now imagine a geek scientist trying to make sense of 4 billion permutations. Stupid to try and model economics. We figured it out the hard way.
Bernanke and Yellen were sitting in the economist's seat. 'Nuff said...
Economics9698, could you point me to some of those blogs? I am not being a smart-ass, I would like to see what they have. Thanks.
Any PhD modeling "published" rag will do.
Any PhD modeling "published" rag will do.
Yeah. Then the rethugs can get into office and tell us how incredible this same crappy economy is under their control. Meet the new boss, same as the old boss.
Markets don't move, they are moved. Always was, always will be. It is only a matter of degree.
The only important question is whether the Baron R and his bretheren are counted among the shorts or not. The Fed will act accordingly and we will know soon.
no bonds today and a chance to really front run a POMO day.....nothing more
Time for the 'NEW & IMPROVED QE 4!"
Let it crash NOW.
I plan to be all in long around S&P at 200.
Cs
You dumb son of a bitch
70% dont care about the market... add 25% that dont have much after 3 40% bear markets and your back to people that have already called DC for help
So mad Max, you are attacking Cog's witty sarcasm this morning using PFA ("Plucked-from-Air") percentages or by your own inadequate attempt at witty sarcasm? Either way, you look like a fool this morning.
Pretty sure he was calling out the author and not Cog.
Thx, correct
PFA percentages? Do they come from somewhere else too?
Will the markets, and the Obama recovery, come screaming back this morning, or will the Bush recession return with a vengnege? We shall see..
Sorry, at this point I think Obama anti middle class, anti small business policy owns this economy. No longer a " Bush recession".
Obama Recovery/Bush Recession. What's the fucking diffrence??? If you actually work for a living you've been getting fucked over since 2000. Actually let me correct myself you've been getting fucked since the late 70's with a brief reprieve during the deflastionary mid-90's recession.
NihilistZero-"Obama Recovery/Bush Recession. What's the fucking diffrence??? If you actually work for a living you've been getting fucked over since 2000. Actually let me correct myself you've been getting fucked since the late 70's with a brief reprieve during the deflastionary mid-90's recession."
If you work back far enough it would be we were broke from the Vietnam War and France wanted their gold back. Nixon took us off the Gold Standard which then pretty much started the shitshow that is happening now.
So my guess would be the Vietnam bankruptcy/Carter malaise/Reagan recovery/HW Bush continued recovery(not of his policies)/Clinton boom and bust recession/W Bush boom bust recession/depression/Obama depression/great depression/facism.
Oh and who gave us the Vietnam War???
Yeah you know.
Oh and enjoy your posts.
It's funny. I was thinking of amending the post to reflect the real fucking over of the working class since the 60's as soon as I hit enter.
It's been all downhill since that bullet took our last real president 51 years ago.
If you work back far enough it would be we were broke from the Vietnam War and France wanted their gold back.
And ironically enough the US was in Vietnam due to France...
And thanks for the compliment :-)
When the Fed buys stocks who gets the money when they are sold?
How can the Fed be a stockholder?
Don Levit
Who says they have to sell? When they conjure currency out of thin air they can hold on indefinitely. If they control the stock, the flows are easier to manage.
It's all about controlling interest.
If you can't control it, destroy it so no one else can. Means someone is going to get scuttled.
Question is which was created for this DC or Fed Res. Looking more like the intent of the fed is to scuttle dc to me...
Next 20 years are gonna be scary. Someone plans on 30-50 year time horizons, which is even scarrier.
"This you own, end up owning you."
But you still dont recommend buying stocks do you ? Lets see whoelse is left to fight the fed ?
i started to unlearn blabla language, i only talk true speaking now, so those articles do not worth anything to me. sorry ZH, but...
i juuuuuuust don't give a fuuuuuuuuck
Yeah!
Thats the spirit...
P.S. Actually we should broadcast our sentiment, by posting something like "We dont give a fuck!" on threads that discuss any of the FED's moves.
If all of us can do it, that will send the message. Its like "Occupy Internet" movement.
It does not matter what should happen, is trying to happen or needs to happen. The un-fed will not allow a "crash" to happen, no way, no how.
we know, that why it is pointless to speak about this circus anylonger,
this is the story of a kid, pyroman, playing in dad's house with matches.
he messed up the house, daddy comes home, extinguish fire, rebuild burnt stuff...
then, instead of seizing matches from his son he just asks to neighbors to buy extinguishers too.
so now...whatever the look of the graphs, i juuuuust don't give a fuuuuuuck
Not even the one chart says it all kinda graphs?
The fed won't let the market crash until it's in their best interest to do so. When they do pull the rug nobody will escaope. Until then BTFD is still alive, but only with fiat you are willing to lose.
And maybe it's in their best interest right now, I don't assume to know what these lunatics have decided to do and no one else does either except them.
We might be debating all the way into hyperinflation...
They have the Obola excuse going for them and winter is coming.
Put yourself in their shoes.
I need a shower and an exorcism!
Coffee in the nostrils you glorious bastard. Thanks for the laugh (and burning sensation)!
Maybe just what the banksters do want is a political shakeup right now. Fact is, no one knows what they feel like doing next, what chaos they want to stir up for diversions to save their phony-baloney selves.
a political shakeup that results in the republican wing of the bankster party could keep the illusion alive for a little while longer. Most of us on here know there isnt a real difference between the party, but most of the sheeple dont, and this could keep belief in the system alive for a while longer. "the dems suck, this time im voting for the republicans. That'll show 'em"
The late Michael Ruppert predicted the end-game some years ago. From the documentary, Collapse:
"We live in an infinite growth paradigm which requires growth forever. It’s not that Bernie Madoff was a pyramid scheme...the whole economy is a pyramid scheme, the whole global economy cannot be sustained. It requires infinite growth, but infinite growth collides with finite energy.
The first law of thermodynamics says that energy can neither be created nor destroyed. It can only be transferred from one form to another...You have finite energy and you have a financial paradigm which demands infinite growth and we are at a point in human history where the infinite growth paradigm collides with something that is more powerful than money is.
The people who have run the planet to this point and are running the planet now are losing control. What I see is a new paradigm that is as cataclysmic as the asteroid event that killed almost all life on the planet and certainly the dinosaurs. We may be seven billion people by the time anyone sees this interview. All of those people exist, are on this planet only because of oil. That’s it. So it’s axiomatic that if you take the oil away, the population must go away also.
Certain things are inevitable right now. FDIC insolvency I will tell you is coming. Insolvency of the Federal Reserve is coming. The Federal Reserve can go bankrupt. T-Bill defaults. We’re looking at major bankruptcies, starvation, dislocation, all these things are already on the way. Everything is going to breakdown."
http://olduvai.ca
oil doesn't account for all energy. Coal and hydro make up a lot of our power. oil just transport crap, and makes plastic shit. Don't be surprised if the world changes to adapt. Now, I say the bigger issue is war. TPTB can't get along with each other. They all have to rule everything. War is coming, soon enough
They can get along with each other. It is the rest of us they can't stand. That is why they send our kids to war and not theirs
All our wars are about OIL.
If We go back to farming with steam tracktors with no Nat gas based fertilizer, Billions will perish.
Obongo wants to have the Republicans take control of the senate. He can take the next two years off, play golf, hobnob with Beyonce, and blame every policy failure on the Republicans.
Seriously, if people are conditioned right now to believe the Fed would never dare let markets plunge and it's their main objective to just keep people all placated and cozy forever, conference calls over the weekend to buy some stacks and pump some markets as Charles 'reckons', you haven't been paying attention and I doubt you're set up to handle upcoming events very well.
So you think a deflation/crash is eminent, Sheep?
But the Fed is "apolitical"....
No they are Asexual
No they are abiotic
I believe the word you are searching for is amoral..
assholes
fat fuck eventually
nah wait, makes 3 words... oh, nvm, just like the fed, i mean, the pro, when we love, we do not count after all
that will only speed up the "dedollarization" around the world
Yea I agree, after all it's not exactly 2008 anymore. For example in 2008 if anyone suggested that Russia and China would be doing big energy deals outside of the dollar, they would have been called insane.
Hmm let me check my net exposure to financial markets:
Oh that's right it's ZERO.
Fuck the pretend world. Like barre-de-rire, I only speak "real" now.
You are smart and I like your posts. But to believe your exposure is zero because you own no stawks is a bit sshort-sided, no?
Well yeah you're kind of right. My financial life is somewhat complicated it's true. However i am proceeding with a de-paperization plan. I have no stawks but I do have other pieces of paper that I am in the process of vaporizing. So there. It just more fun to type "fuck yeah I don't give a fuuuuck" than put all kinds of asterisks and so on.
Further, I do believe as others have pointed out, that the inevitable "crackup boom" as Von Mises called it, will be devastating whether one owns paper assets or not. It's not that people are incapable of adapting- in fact that would be a lot of fun and could be liberating for a lot of people to find out how to trade and produce, instead of living in a fantasy world.
The problem is, in my mind, the governments reaction to all this. Kind of like how the body's reactions are often more problematic than the disease.
So, yeah, I'm terrified.
Bitchez, bitchez
Re; It's not that people are incapable of adapting- in fact that would be a lot of fun and could be liberating for a lot of people to find out how to trade and produce.
While your optimism is applauded, have you looked closely at your fellow travelers?
If people are liberated by losing everything. its far more likely they will find out how to rape and pillage than trade and produce.
forwardho
I don't know. In a State-free world, I think things would be fine.
I think the raping thieves will be your .gov at work.
That's how I look at it, I couldn't give a shit less at this point about what a string of central banksters announce today. Fuck em. They can flap their lips but they're running on totally borrowed time, and all borrowed time has an expiration date, exponentially diminishing returns are everywhere today and they know it.
Depends on polling. But you bet your ass that they will try to help the Fabians as much as they can.
FED backpedaling on tapering
Fed officials say global slowdown could push back U.S. rate hike http://www.reuters.com/article/2014/10/11/us-imf-fed-fischer-idUSKCN0I00T920141011
Fed Officials May Slow Tightening If World Growth Disappoints http://www.bloomberg.com/news/print/2014-10-12/fed-officials-may-slow-tightening-if-world-growth-disappoints.html
Fed Officials Saw Global Slowdown Among Risks to Outlook http://www.bloomberg.com/news/print/2014-10-08/fed-officials-saw-global-slowdown-among-risks-to-outlook.html
Fed’s Tarullo, Williams See Rising Uncertainty in Global Economy http://www.bloomberg.com/news/print/2014-10-11/fed-s-tarullo-williams-see-rising-uncertainty-in-global-economy.html
Fed’s Evans Says U.S. Joblessness Is Still Too High http://www.bloomberg.com/video/fed-s-charles-evans-says-u-s-joblessness-is-still-too-high-200KXo9qTQKSZbHPWZp6Lg.html
Fed Aim Off Target as Inflation Descends Near Danger Zone http://www.bloomberg.com/news/print/2014-10-10/fed-aim-off-target-as-inflation-descends-near-danger-zone.html
Fed should reconsider 'considerable time' vow on rates: Fisher http://www.reuters.com/article/2014/10/11/us-usa-fed-fisher-idUSKCN0I000820141011
The Fed can never actually raise rates anyway, that's just been a red herring all along.
Swap paper for physical, milk the joint stock companies dry until it starts to fall apart under its own weight.
Why would they want to stop the gravy train?
It only ends when there are no suckers left.
Let me be the first to cordially say to the Fed, the Congress, the Supreme Court, the British Parliament, the Prime Minister, the World Leader of the free Western World Mr O, the whole fucking lot of you cunts from top to bottom, and not forgetting the mother fucking cunts who started this shit 400 years ago, the Bank Of Fucking England.
And that piece of shit thats sits on the throne, along with your inbred family, please allow me the honour.
Go and fuck yourselves you cunts.
You are, going to get yours.
;-)
Does this mean you're not buying lunch?
I'll buy . . . meet me in front of the gibbet for a tongue sandwich.
:-) Not a chance, and dont get me started on that fat cunt of London Mayor clown freak, Johnstones.
The fucker should be shot on sight.
;-)
That would be going too easy on him.
He should be dropped in Afghanistan, butt naked, with a GoPRo camera mounted on the back of his head.
I96, thanks for the great start to my day... Cheers...
I quote:
"Whatever it takes."
Any sense of money as a 'real' marker has long gone at the Fed, so that's that.
They'll prop until they want the drop. Digital 1's & 0's can be unmade just as easily as made.
Who is going to hold them for an accounting?
Seriously?
banks are sick of barry
markets are sick of barry
americans are sick of barry
let the the fucker sink
I wrestled in college (also was captain of my saber team... Talk about two very different sports)... One of my favorite moves was to grab a man's left leg, pull his body in close to mine, and support his left leg on top of my right. Next you begin moving the man backward so that he is off balance and has to depend on you for support. At the appropriate moment you pull the supporting leg at the same time throwing your weight on top of his. If properly done your opponent will hit the ground hard and fast.
TPTB have been stalling for some while now, as the nation, and the world for that matter, have been kept in an off balance position. At the same time the economy is now entirely dependent on the whimsical decisions of a handful of men. At the same time the world has been moved to the brink of war, while disease pandemics have been allowed to build in the background. Who can doubt that at some time in the near future the support will be removed and the weight thrown forward?
You know, the resulting crash is not a predictable event. I once executed such a move to near perfection... took my opponent to the ground hard enough that he was momentarily stunned. Unfortunately I also ripped the muscles all the way down the right side of my rib cage.
Anyone who thinks that the coming events favor them is a lunatic. Sadly, such lunatics have existed in abundance since the dawn of time.
Well said!
What I like about numbers is that when they are not jockeyed, jerked around, and falsified they tend to tell the truth. Looking down the road the numbers do not work. Sometimes the old guys like Allen Meltzer who have seen it all have the most perspective and the guts to speak up because they have less to lose.
Allen H Meltzer is viewed by many economist as America’s foremost expert in monetary policy, Meltzer is the author of the three-volume “A History of the Federal Reserve.” For over 25 years he was the chair of the Shadow Open Market Committee, a group that meets regularly to discuss the policy of the Federal Reserve. “We’re in the biggest mess we’ve been in since the 1930s,” he recently stated. “We’ve never had a more problematic future.” More on his thoughts in the article below.
http://brucewilds.blogspot.com/2013/07/it-will-all-end-badly.html
Lordflin
I got an erection from your first paragraph. Is that wrong?
That depends on how you feel about being gay.
I am so gay.
If the market crashes it is because the Fed wanted it to and has be strangling the market quietly behind the scenes. If the market crashes before the election, then they plan on regime change. I assume they would be targeting the senate since most people will blame the crash on the president.
If they crash it after the election then they plan on bringing in some draconian laws. These will be use to 'rescue' America
If not already, at what point does Ebola take a front seat weight on stawks? How many infections located in how many locations would stop you from traveling by air, car, train, or other public trsnportation? I still agree that we do not have enough information regarding the transmission of Ebola, but would 100 cases bring travel to a halt? 1,000 cases keep people from going outside? 10,000 cases create areas of low/no food and panic?
They got away with killing the Kennedy's. They got away with the biggest financial crime in history. They will get away with this. I see Hillary is ready to run. Her daughter and husband need a bigger apt in NYC. The ten million one isnt enough. The Clintons are a shameful couple to show their faces again. My contempt and disappointment in the us has no depth.
Just say 'No', and prepare for your first encounter with the illegal home-invasion team.
You left one out.
White man speak with forked tongue.
They have no other choice but to keep on propping up the Fantasy.
EBT, Unemployment, Social Sec, medicare/caid, Disability, Section 8, Veterans Benefits, All .gov employees, Massive bond swaps between insolvent Countrys Ad infinitum.
If they don't extend the pretend "reality" hundreds of millions will literally starve to death. Those who rely on .gov for their very lives do not have a plan B they can turn to. For now, the entire world is buying into the Idea that the production of real goods of value are no longer needed to keep the ball rolling. They have to buy into the fantasy since the reality is that the world does not have the available cheap energy to keep 7+ Billion people alive. For now, we can pretend we do.
Each day I wake to a "normal" day of this global insanity I give thanks.
plan B for those fine folks would be to take it (literally) from the middle class areas around them. no need as long as the EBT is replenished, but what happens when it is replenished and doesn't buy what they expect?
They will take and do anything they feel they need to in order to survive.
A Mob, is a truly ugly thing to behold.
"Man alone of all the animals, kills for sport"
Agreed. But what is the long term cost of another year of can kicking? Another trillion on the pile of debt? I don't have the answers but I know the cost is not zero and also know that it cannot continue forever - else - just print money and give out directly to all citizens...
An unholy alliance of the Federal Reserve, the government, and the too big to fail has left those of us who question the validity of the recovery in a precarious position. For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the timid and weak bears out of their positions in this manipulated market.
Over the years we have witnessed the type of market reversal the big banks supported by the Fed can generate with a concerted effort to buy S&P 500 index futures at crucial support points. This has proved more than enough to turn the markets from red to green in the blink of an eye. The article below looks into why even if they are right bears should not be confident.
http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-conf...
When you have everyone and everything in your hip pocket and going to jail is about as likely as being hit by a meterorite, why would you not pull levers and push buttons to get exactly what you want?
Add to that 100's of years of trial and error to perfect your malfeasance and the result is exactly what we have today...I know, it sucks; the question is how long can it go on and what will it take to end it?...
So Cheney was right afterall---deficits don't matter, there were weapons of mass destruction in Iraq, and we should declare war on anything that stands in our way including our bird hunting partners. If Fed does not continue QU and ZIRP, destroy them with a drone attack.
damn near all the muppets in DC said there were WMD in Iraq, Including Clinton the Rapist and his "wife".