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FOMC: "We Screwed Up"

Bdelande's picture




 

The FOMC statement will follow along these lines:


"We completely screwed up by increasing the FED's balance sheet to over $4 trillion.  We regret not having allowed the capital markets to freely normalize, instead of mortgaging the Nation's future to the point where every generation's prospects henceforth will be lower than the one before until the end of time.  We are now stuffed to the brim like roasted pigs, and have no other choice but to continue along the same path, as we believe a dismal future is better than no future whatsoever.


That's all folks............................."

 

Courtesy of the StealthFlation Blog

 

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Thu, 10/30/2014 - 03:27 | 5392641 VWAndy
VWAndy's picture

Thanks. Its nice to see a straight answer.

Wed, 10/29/2014 - 20:02 | 5391830 VWAndy
VWAndy's picture

 Whats in this shitshow for me and my kids?

Wed, 10/29/2014 - 19:56 | 5391815 PerkyPooper
PerkyPooper's picture

it's better to be rich, than to be righteous. i guess we just play the game, and pass the buck to the next guy. and make sure our kids have enough money to be above average.

Thu, 10/30/2014 - 00:51 | 5392499 Otto Zitte
Otto Zitte's picture

Perhaps you missed the theme. This guy is in court for 3-5 years exhausting his money - he doesn't have any old money, or usable political strings - then he goes to the Hell of No Early Release. If he doesn't get killed for being an asshole, on exit he gets to be a street bum.

Unless you want to tell me a whore story about cops thats all for you.

Tell me a story.

Wed, 10/29/2014 - 19:38 | 5391785 Otto Zitte
Otto Zitte's picture

Here's the bill for our services. Thank you very, very, very, very, very, very, very much.

Wed, 10/29/2014 - 19:19 | 5391727 Choomwagon Roof Hits
Choomwagon Roof Hits's picture

"We are stuck like squealing pigs............."

Poetic justice, they've been making savers "squeal like a pig" for years now.

Wed, 10/29/2014 - 19:09 | 5391707 TeethVillage88s
TeethVillage88s's picture

Bruno; I have like 3 charts over $4 Trillion... was looking around. Hey which chart is the right one? Can you help?

QE CHART

U.S. Treasury securities held by the Federal Reserve: All Maturities
2014-10-22: 2,459,197 Millions of Dollars (+ see more)
Weekly, As of Wednesday, Not Seasonally Adjusted, TREAST, Updated: 2014-10-23
http://research.stlouisfed.org/fred2/series/TREAST

Federal Debt Held by Federal Reserve Banks
2014:Q2: 2,705.9 Billions of Dollars
Quarterly, End of Period, Not Seasonally Adjusted, FDHBFRBN, Updated: 2014-09-29
http://research.stlouisfed.org/fred2/series/FDHBFRBN

U.S. Treasury securities held by the Federal Reserve: Maturing in over 10 years
2014-10-22: 662,928 Millions of Dollars (Surprise, looks exponential, sharp growth)
Weekly, As of Wednesday, Not Seasonally Adjusted, TREAS10Y, Updated: 2014-10-23
http://research.stlouisfed.org/fred2/series/TREAS10Y

U.S. Treasury securities held by the Federal Reserve: Maturing in over 1 year to 5 years
2014-10-22: 1,050,012 Millions of Dollars (+ see more)
Weekly, As of Wednesday, Not Seasonally Adjusted, TREAS1T5, Updated: 2014-10-23
http://research.stlouisfed.org/fred2/series/TREAS1T5

Mortgage-backed securities held by the Federal Reserve: All Maturities
2014-10-22: 1,715,445 Millions of Dollars (Surprise, there is a trough where they must have moved assets off the balance sheet, this must be the toxic assets)
Weekly, As of Wednesday, Not Seasonally Adjusted, MBST, Updated: 2014-10-23
http://research.stlouisfed.org/fred2/series/MBST

St. Louis Adjusted Monetary Base
2014-09: 4,072.016 Billions of Dollars
Monthly, Seasonally Adjusted, AMBSL, Updated: 2014-10-10
http://research.stlouisfed.org/fred2/series/AMBSL

No,
This looks better:

All Federal Reserve Banks - Total Assets, Eliminations from Consolidation
2014-10-22: 4,481,616 Millions of Dollars (Total Assets sounds like the FED Balance Sheet and I think this is could be QE)
Weekly, As of Wednesday, Not Seasonally Adjusted, WALCL, Updated: 2014-10-23
http://research.stlouisfed.org/fred2/series/WALCL

Reserve Bank Credit
2014-10-22: 4,436.686 Billions of Dollars (Liability, just the opposite side of Assets)
Weekly, Ending Wednesday, Not Seasonally Adjusted, WRESCRT, Updated: 2014-10-24
http://research.stlouisfed.org/fred2/series/WRESCRT

Wed, 10/29/2014 - 19:53 | 5391807 TeethVillage88s
TeethVillage88s's picture

Thanks for the Quick Reply.

Wed, 10/29/2014 - 21:47 | 5391650 smokescreen
smokescreen's picture

I think its time we all say WHY THE HELL ARE WE WORKING...its simple...stop voting stop having kids eg: future slaves...and bring change ourselves...they can't fix it...there's only 2 choices complete economic collapse or keep it going for as long as possible...I think only a true black swan event is the only why to take it down.

Wed, 10/29/2014 - 18:32 | 5391616 blindman
blindman's picture

my guess is that the fed is oh so far
from being finished in the screwing up
category. many someones, besides brussels,
must develop an appetite for the bonds
rolling over into new credit money to
pay back the old debts. who will soften up
the nasty vigilantes and with what shall they
be caressed or crushed?

Wed, 10/29/2014 - 18:17 | 5391563 starman
starman's picture

I just would like to know what happens after the announced 4000 stores will be closed by retailers between now and 2017. And of course how will the millenials buy a house! 

Wed, 10/29/2014 - 19:27 | 5391750 kchrisc
kchrisc's picture

"And of course how will the millenials buy a house! "

Cake.

An American, not US subject.

Wed, 10/29/2014 - 17:28 | 5391440 BullyBearish
BullyBearish's picture

"I love the smell of FED capitulation in the morning...smells like...VICTORY!!"

Wed, 10/29/2014 - 16:54 | 5391331 kchrisc
kchrisc's picture

Didn't Schiff and Rockwell predict that they would paint themselves into a fiat-corner with trillions on the balance sheet?!

LOL

An American, not US subject.

 

"Caught between a rope and a guillotine."

Wed, 10/29/2014 - 16:20 | 5391239 optimator
optimator's picture

And we'll give back the money we stole, as soon as the ink on it is dry.

Wed, 10/29/2014 - 16:03 | 5391188 Kreditanstalt
Kreditanstalt's picture

“In a room where
people unanimously maintain
a conspiracy of silence,
one word of truth
sounds like a pistol shot.”

...

Czes?aw Mi?osz

Wed, 10/29/2014 - 15:44 | 5391130 Clesthenes
Clesthenes's picture

“… to the end of time.”

So, the question now is, ‘Will American serfs march obediently to the slaughterhouse… or will we, who complain, take matters into our hands, make men accountable for what they have done, and pickup the pieces?

Americans have the power to redress any grievance that could be named – and thus, exercise sovereignty; but they REFUSE to use that power. There are three main reasons for this failure: one is that they have no knowledge of such power; the second, they’ve been herded into a kind of impotent stupor by medication and indoctrination; the third, that they aid, benefit or were complicit in such evil (full article).

There’s a remedy for all three of these failures: 1) learn, and use, the law and procedures of redress; 2) follow a health regimen that has REDUCED – not slowed – my biological age 50 years; and, 3) see number one.

Wed, 10/29/2014 - 18:01 | 5391522 honestann
honestann's picture

Every human who is fundamentally nationalist, which means thinking of themself as an "American" or "German" or you-name-it... has guaranteed their own demise.

The only human beings who have a chance are those who consider themselves to be what they are... individual sentient beings, not owned-by or supporting-any collective.

But yes, the human predators who enslaved and abused huge numbers of humans should indeed be exterminated with extreme prejudice.

Wed, 10/29/2014 - 20:04 | 5391832 Clesthenes
Clesthenes's picture

You must have been reading my mind; don’t forget, if it is to happen, we must do it - our children and grandchildren (to the end of time) have no one else to speak for them.

Wed, 10/29/2014 - 20:16 | 5391859 acetinker
acetinker's picture

The 'law" you speak of is poisoned.  Those who make and interpret it are most always above it.

Clesthenes, I like you, but I wish that you would share your knowledge of how we plebs can exert our opinion via the law.

Regards.

Thu, 10/30/2014 - 14:10 | 5394757 Clesthenes
Clesthenes's picture

Acetinker, the “law” I speak of is NOT poisoned; it has been erased from current law and history books.

 

You write, “I wish that you would share your knowledge”.  I am: please follow links in my comments; and then follow links in those pages; don’t forget to let your lawyer(s) validate my findings.

 

You might start with Failure of Power.

Fri, 10/31/2014 - 20:36 | 5400307 acetinker
acetinker's picture

Thx for the link.  I saw no link in the comments preceding my reply.  I still say that for the common man, who can't afford to keep a law firm (the subverters) on retainer, the law is poisoned.

Wed, 10/29/2014 - 16:22 | 5391242 optimator
optimator's picture

The Serfs are not being marched, they are being very carefully inched into the cattle lanes so slowly they don't notice.

Wed, 10/29/2014 - 14:59 | 5390956 Kreditanstalt
Kreditanstalt's picture

They didn't "screw up"...MISSION ACCOMPISHED!!!! The banks and governments have been saved!!!

Wed, 10/29/2014 - 15:05 | 5390979 Bdelande
Bdelande's picture

Good point;-)

Wed, 10/29/2014 - 15:40 | 5391117 The Most Intere...
The Most Interesting Frog in the World's picture

"every generation's prospects henceforth will be lower than the one before"

 

Certainly that is the course we are on.  For my children's sake, I hope for change, but realize more and more it is probably not going to happen.

Wed, 10/29/2014 - 14:41 | 5390886 Downtoolong
Downtoolong's picture

What does the Fed have to fear? They can always change their names and go into hiding.

Edward Quince

Wed, 10/29/2014 - 16:26 | 5391253 mrdenis
mrdenis's picture

Boyz of Brazil ............

Wed, 10/29/2014 - 17:07 | 5391381 Mountainview
Mountainview's picture

In the near future: The big pardon...FED eliminates $4 trillion Treasury from their balance sheet and the Treasury will do the same on the liabilities side of theirs... where is the problem...chess and mate!

Wed, 10/29/2014 - 16:23 | 5391246 optimator
optimator's picture

You'll see them all lined up at the El Al Airline ticket counter, to the very last they'll keep it in the family.

Wed, 10/29/2014 - 14:17 | 5390751 mastersnark
mastersnark's picture

But what's important is the guys who own the Fed have made billions...and in the end isn't that what *really* counts?

Wed, 10/29/2014 - 14:25 | 5390808 PartysOver
PartysOver's picture

Yep, play their game.  And you will be rewarded.  At least so far until the whole thing implodes.

Wed, 10/29/2014 - 16:24 | 5391251 optimator
optimator's picture

Three card monti game will give you a better chance.

Wed, 10/29/2014 - 14:10 | 5390708 Tim Knight from...
Tim Knight from Slope of Hope's picture

Go, go, Bru-no!

Wed, 10/29/2014 - 14:07 | 5390700 Mi Naem
Mi Naem's picture

Now that Greenspan is getting a creepily truthy, I'd actually look forward to seeing the Yellen press conference after the FOMC - Sodium Pentathol version. 

"Well, after due consideration and lively deliberation, we've come to the inescapable conclusion that none of us knows what the fuck we're doing.  So, I'm here to see if you distinguished members of the press might know what we should do next.  And with that, I'll open the floor. 

Yes sir, you in the front row with the nail gun?!?" 

Wed, 10/29/2014 - 16:27 | 5391259 optimator
optimator's picture

With all the technology around can't they invent a watch that rings an alarm when you lie?  Sure would make all the hearings and press conferences a lot more interesting.  

Wed, 10/29/2014 - 14:59 | 5390958 bitterwolf
bitterwolf's picture

 

Now that Greenspan is getting a creepily truthy,     aint he though...controlled opposition prolly..

Wed, 10/29/2014 - 16:29 | 5391263 optimator
optimator's picture

Its all about books, and I"m sure he's just written another one to take to his publisher.  There's money in those book agreements and what else is he going to do around the house, look at Andrea?

 

Wed, 10/29/2014 - 16:54 | 5391334 p00k1e
p00k1e's picture

Politicos launder campaign contributions into their pockets through these so-called book sales.

What do they care?  Keeping 30K off 100K is better than 0K.  And it’s all legal. 

Wed, 10/29/2014 - 15:07 | 5390984 astoriajoe
astoriajoe's picture

or Bix Weir is right. Soooo crazy, but it actually fits reasonably well, although somehow I think the finale isn't as sunny as mr. Weir hopes.

Wed, 10/29/2014 - 16:21 | 5391240 nope-1004
nope-1004's picture

Palin will be president, that I am sure.

- Bix Weir, March 2012

 

Take a grain of sand with anything that guy says.

 

Wed, 10/29/2014 - 14:31 | 5390848 astoriajoe
astoriajoe's picture

I wonder if there will be predrawn lines of coke next to the punchpowl at the press conference.

Wed, 10/29/2014 - 14:05 | 5390671 sun tzu
sun tzu's picture

Nothing short of suicide by the fed doves would suffice

Wed, 10/29/2014 - 18:58 | 5391684 TheReplacement
TheReplacement's picture

"I swear he dragged me up to the top of the building so I could watch him jump..."

Wed, 10/29/2014 - 14:55 | 5390940 Lore
Lore's picture

God, these people are garbage.

Wed, 10/29/2014 - 18:54 | 5391666 Milestones
Milestones's picture

If you garden, always take out the garbage and roto till it in really, really good. At least you can get something out--even if it's stinkweed.     Milestones

Wed, 10/29/2014 - 14:02 | 5390660 KnuckleDragger-X
KnuckleDragger-X's picture

Sigh.... The only thing that will change is they'll call it something else. Maybe UMP (underwear marketing plan)....

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