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Of Coordinated Intervention And The PPT. Biderman Questions Our Faith
In one of his best rants of recent times, Charles Biderman, of TrimTabs, exclaims his consternation at the globally co-ordinated central bank intervention and the mainstream media's interpretation of said act. Viewing the interventions as a sign of desperation, the avuncular Biderman fears the instability that lurks just under the carefully veneered surface of the markets. Describing the goal of the Fed as having clearly changed from one of inflation and/or employment to asset-value-elevation, he raises a critical question (that perhaps only Noda knows the answer to): "What happens when central bank interventions are no longer effective?". Faith in the widely held view that money can be created out of nothing and used to solve all financial problems is likely to be tested sooner rather than later.
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well said
he looks like a decimated, pummeled, disheartened, worn down and fed up bear... just like me.
Just buy some silver and gold, and be done with it.
He's correct, but he's also mad like the rest of the market traders and organizations not in the club. How can you have a good trading technique if the markets are manipulated to the point of absurdity. Like the early morning of the big hike yesterday, it showed the futures in the US down by 4% already and that was the futures. And the rest of Europe was opening and in the red big time. A strategists would have traded like it was going to be a bad day but with the US and the rest of the central banks opening the flood gates it made the market false positive and stock soared. So if you where out you lost money or if you where negative with the market you definitely lost money.
There trading techniques can't fight the manipulation anymore and so many of them are staying home and not doing anything.
LOL He really does!
Buck up, deaf guy, it's always darkest, just before it goes pitch black.
In case you missed it, he didn't actually say anything.
Run on brokerage houses.
Shit stains on the economy
Get your money before they take it.
Cain/White 2o12
"We'll get it straightened out."
i see where if the seed of cain mixes with white seed the result is instant death: http://www.mrm.org/curse-of-cain
it's always something (roseannadanna)
Just started my own personal run on my brokerage (IRA). Gonna run some more after the first of the year. Liquidating my cash. Or, rather, liberating it.
dupe...
Banks, countries and Too Big To Fail CEOs, expand and hide your assets overseas, bankrupt and get Bernanke and the fed to exchange your debt for money. Exchange all the garbage because Bernanke and the fed are giving you something for nothing. Take the swap and don't repay, Bernanke and the fed will make it disappear in their black hole balance sheets.
Take advantage of it while you can. You can make a fortune by be fraudulent, Ben Bernanke and the federal reserve is the enabler!!
Do it before it's realized the Bernanke and the federal Reserve bank is a scam and all confidence in them is lost.
I tried TrimTabs and lost eight pounds.
Even my wife lost weight with this. She just shit her pants. She follows but not that close. We just got her attention.
So sorry to hear your wife has assburgers.
Well done Hansel.
http://www.southparkstudios.com/full-episodes/s15e08-ass-burgers
Nigel Farage gets my vote for best rant ever, had me rolling on the floor laughing.
http://www.youtube.com/watch?v=n46vzHif1Fo
rants, ftmfw!
How dare he question the integraty, intelligence and honesty of Bernanke?
sarcasm detected!!!
I didn't know central bank interventions were ever effective in real terms. This past decade is a wonderful example of their inability to do anything besides put lipstick on a pig.
No faith in the Bernank, Little Timmy Geithner, Lloyd B and co?
it will be later
all those sucking the tit .. which is a majority will vote to keep the sludge running .
the politicians who vote with their crotch will keep expanding . the banks who vote with others crotches will keep printing .
the keynesians who are many will vote with their ignorance
those who would keep value and not watch price will vote with gold .
Z
The seagull in the background representing the 'flight to quality' ?
Nice view!
seacliff, money.
Belvedere Is. Best of the best in Marin.
Beautiful area but filled with those who voted for the Muslim and who support Dems like Corzine.
the tide has pulled back to the point that the shoreline looks like a desert....its eerily quiet............whats to come next will sweep up everything in its path- equities, gold, real estate, etc.....the deflationary tsunami wave of financial collapse and ruin cannot be stopped....not even sandbags made of fiat can keep the destructive monster wave of deleveraging from wiping out everything...........
the seagull also drops poop on those working in the fields
Well aren't you a bucket full of sunshine!
Well aren't you a bucket full of sunshine!
kito's escape from alcatraz:
Watch his eyes. Teleprompter. No CONviction. (White Shoe Boy)
Saw that.
Disagree with your interpretation.
Thought he was just uncomfortable and not used to the prompter.
I think he's right.
The swap is a band aid.
Europe's banks are in deep trouble.
Agree. But I want a stronger stage presence. Get angry or something. Passion = power.
Can't beat this man for passion.
Ignore the first minute or so if it bores you.
http://www.youtube.com/watch?v=T2fVqDzjVis
++ Chumba.
His message resonates.
Priceless! His stats are surprisingly accurate.
Toxic Chinese gas coming out
It'll keep working right up until it doesn't
if your bank is bankrupt, Ben will pump it
if your Govt is broke, Ben will bail it
if your interbank market is frozen, Ben will flame it
if your WS financial has collapsed in its own fraud, Ben will cleanse it
what have you got?
Ben as God, the free market as Devil and counterfeit wealth as the engine of a financial nightmare (see Japan)
You are given $1Trillion USD this morning.
Ben prints $1Google dollars in the afternoon and takes the now secretly retro-fitted space shuttle fleet and drops them from low-orbit.
Can you afford to buy a steak that evening for dinner?
The FED is made up of all of the TBTF Banks. So, what would you expect him to do with the European Crisis.
Until Congress can conrol the FED they will do what they have to to protect their own. If Americans have to pay for it for 8 generations so be it.
"Waterfallsparkles"..."Until Congress can control the FED"!!
Where have you been??...Are they not the same??...
CRIMINALS!!
I think you just spelled it out. And congress won't do shit, because they are on the payroll, too. So until a critical mass of the population understands this, nothing will change. And the MSM isn't going to spell it out, because they're also part of the club. That's why I support the Occupy movement, for the same reason that I initially supported the Tea Party, because it's a sign of an awakening among the people, and that's encouraging. What's discouraging is that TPTB have managed to demonize and marginalize both movements.
Speaking of the PPT and manipulaton,have a look at kitco preciuos metals chart for today,and you can see that gold is NOT aloowed to go over $1750.00.and silver is NOT allowed over $33.00
Pretty obvious manipulation.
FUCK YOU Timmy you little fucking weasel
Fuck You Ben Bernanke
FUCK YOU'S USA goverment......this is all done with your blessing
....................FUCK YOU'S...............!!!!!!
That is why I am shorting both silver and gold at precisely those levels.
Someone mark this spot so we can come back here later and make fun of it.
The volume on silver contracts has fallen to the lowest levels of the year, and there's a saying for that: "Never short a dull market".
Message for Slaughterer: Live by the sword, die by the sword.
Silver is just about to kick some very complacent arses.
Something tells me that there is a high probability of getting slaughtered.
Don't know anything about the wall street gambling stuff but do see some people that like to keep the precious close to home, even have a parade for it. http://www.aljazeera.com/news/americas/2011/11/20111126744164125.html
I think thats rubins STRONG DOLLAR POLICY STILL IN EFFECT
Well, I will just be happy when the 1240-1250 range breaks... Biderman does not mention it, but the Fed throws liquidity at the market, and the market then bores the world to death.
Infections involve several different species of parasites, which may have an additive pathogenic effect on the host.
The effect of these parasites is strongly dependent on the number of parasites and the nutritional status of the host they are infecting. The following clinical signs may be seen:
· weight loss
· reduced feed intake
· diarrhoea
· mortality
· reduced carcass quality
· reduced wool production/quality
Some parasites, especially those that suck blood, are responsible for specific clinical signs. The most pathogenic are the blood suckers, and infections with large numbers of this parasite often result in severe anaemia in the host, or even death.
Last word before I go to bed: if the Dax goes up on Angie's speech tomorrow, I am covering all shorts.
Angie's List, bitch
that's a rant?
He seems tired or drunk.
Somebody needs to go scout Area 51 for WallStreetPro.
He's out there somewhere.
He may have been caught short equities over the weekend and didn't cover on Monday.
PERFECT piece for all the dupes who believe that "The Fed can print us out of any problem".........
Alright GD'it, if the powers that be wants inflation and assets to move higher, they need to stop propping up the fucking banks and offer 25/50 basis points to HOMEOWNERS, imagine the power of of a douchebag with a 5% mortgage all of a sudden getting adjusted to 1/2% mortgage!! HUGE injection of capital into the REAL system, and uber inflationary, you know, what the FED really is after.
Bankers, Governments and too big to fail corporations just keep coming back to Bernanke and the Federal Reserve money printers for more. Rebuild your wealth in non-declarable items (not on books) and keep coming back for more US dollars from Bernanke. What a game you can play. You can keep this going until faith in the US dollar is lost. Endless bailouts!!!
Major money players and banks join in on this game brought to you by the federal Reserve. Those swap lines are a nice trash funnel.
Always wondered what the accent sounded like in Sausalito...
It sounds like three martinis and a valium.
and 25 years removed from the Bronx...
Faith in the widely held view that money can be created out of nothing and used to solve all financial problems is likely to be tested sooner rather than later.
The sooner the better. Godspeed.
for the upteenth time "the problem isn't printing money but printing an interest rate." how does he do that? can anyone answer me other than saying "it will end"? does it even matter? obviously savers and investors are literally being ripped off in the process...thank God the economy is booming! anywho...i've never been a believer that the "market" is a rational creature at all so i don't have a hard time "not believing my lying eyes"--but there is a point not so much that you want to flee the market but you do want to flee your country!
http://confoundedinterest.wordpress.com/2011/12/01/the-morning-after-the...
And WHERE do we get the money to bailout Europe? And Belgium was the BIG winner, at least for a few weeks.
US Yield Curve Rises, Italy/France/Belgium Yields Fall – The Belgian Bailouthttp://confoundedinterest.wordpress.com
What happens when the intervention stops?
I'll go out on a limb and guess that the bankers empty all our money from our personal accounts, empty the vaults, close their doors, and leave the country. Forever.
MF Global will look like a scraped knee compared to the train wreck we have waiting for us when the intervention stops.
I think the fact that MF Global are being protected by the highest office in the land is the scariest part here.
What it says is that your money can literally be stolen and the thief will be protected by "Law".
In a land of such "Law" neither your property nor your life is safe.
Two Words...
BARTER SYSTEM
Two more..."AK" "47"....
Better liquidate now, fiat currency won't be worth squat soon, load up on barter items!
The last time I saw the word avuncular used was in an article about a man
who was known as uncle Eddie in Philadelphia who used to pay young boys
to deficate into a pizza box on his coffee table.
What a deal, just keep pressing the Federal Resrve "Save Me" button and keep taking the money. Time to play rape Ben Bernanke and the Federal Reserve time. LOL- Quiet defauts please, because it can't publicize abuses.
Even the mainstream media, after a day of deep thinking, has realized that the central bank love fest, while leaving everyone feeling all warm and tingly for a day, is likely to result in an embarrassing new rash. Time to clear the decks.
http://pebblewriter.blogspot.com/2011/12/clear-decks-december-1-2011.html
In the Fed we trust...
Ben will monetize any amount of US Federal debt required.
Ben will support the stock market with direct buying of stocks and private bonds as necessary.
Ben will support banks and stuff them with money as much as they need.
Ben will monetize any private debts (mortgages, student loans, car loans, credit card loans, derivatives, anything) as necessary to keep the system afloat
Ben will monetize California, Illinois or any big state and municipality bonds as necessary
Ben will monetize all of European debt, private and public if necessary.
Ben will monetize Japan debt if interest rates start to spike on the land of rising sun bonds
Ben will support any Pentagon budget no matter how large.....1 trillion?? 2 trillion?? 3, 4, 5?? No problem...
Ben will fund any infrastructire and job creation program the Congress can come up with.....they ask and Ben provides, pronto.
Even the Nobel Laureate Krugman says it....who cares if everybody dumps our bonds.....our Fed will buy them..let them sell it!!!
http://www.nytimes.com/2010/09/13/opinion/13krugman.html?_r=1&ref=opinion
So far he's having the last laugh as the world keep playing in the casino
The US Federal Reserve is the only perpetual machine kown to man.
Stop predicting imminent doom...it will be over when it will be over, so far the kids keep playing, he is the king.....everybody wants these nice green pieces of paper called dollars that Uncle ban generates with his magic wand...
Going long on magnetic printing ink and guillotine machines...possibly popcorm and scotch too...gold bitchez!!!
@surrational: enjoyed Farage!
I remember when he used to lick Sandy Weiils boots. Charlie has come a long way!
The main idea is to keep taking them and buying something that is not worthless. When the game stops Ben and the Fed's game over. Take the free and kleep asking for bailouts and transfer the money. When game stop's all these dollars floating around will force the Fed to do a conversion at a considerable loss to the holders. The TBTF, bankers and countries all need to keep extracting and pleading for more. Trying to predict when it stops is a fools game.
Wow. Another fruit & nut left coaster who has awakened from their Rip Van Winkle nap. Pinch me.
Wikipedia has recently upgraded their extremely accurate web page. Please research Rip Van Winkle… LOL. A little humor to close your evening positively.
FAIL Nation: New Wikipedia Picture FAILs
Faith in the widely held view that money can be created out of nothing and used to solve all financial problems is likely to be tested sooner rather than later.
It's impossible to create money out of nothing. When the Fed prints, they're not creating money. They're taking a little bit of everybody's wealth and giving it to someone. That's how fiat currencies work.
Think of the US dollar as a share of common stock in America. When the Fed creates more dollars it's just like issuing more shares of stock of a company. It dilutes the value of existing shares, maybe a tiny amount, but some amount.
If you issue 50% more shares, it dilutes the value of all shares 33%. That's exactly what happened to the US dollar since Sept '08.
The Fed cannot create wealth out of nothing. The Fed can only take wealth from others and distribute it somewhere else. That's what a fiat currency does.
Since '08 the Fed has been taking large amounts of wealth from the American people and giving it to banks and the government. Ben Bernanke runs the biggest welfare program on the planet.
Must hear interview with Ann Barnhardt-------------- reboot in Dallas-----------people its time to cut bait and fish.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/01/ann-barnhardt/entire-futures-options-market-destroyed-by-mf-global-collapse
Well Yeah. Of course the Federal Reserves only interest now is in propping up a doomed rigged market along with the zombie banks at the expense of the nation and it's people. Duh. The U.S. military can now detain it's fellow citizens without habeas corpus and all our elected leaders and most judges are completely captured or compromised plus there's all kinds of war games going on globally right now. You act as if you are surprised and like Americans have rights. Have you been asleep the past 10 years? The Plutocracy is planning a change.
Biderman, where's Biderman ... that was lame. It felt like he was a hostage in some iraqy camp.
Strongly disagree housing values should be valued higher. They are commodity though the underlying land may not be. Equities (copmanies) have IP / workflow value that can outlast most investors and other investments. Housing is ealy destrcutable / replacable limited barrier to entry market.
Well, der mate! Tell us something we don't know and if you don't like the settings, which arent going to change , go get a real job that doesn't require daily commentary - or get a degree in human behaviour - then you might understand whats happening here. Fear Greed Panic - loop back and around endlessly... One more short squeeze day ahead ... Ouch!
Should have also mentioned the FED's aim to debase the USD. And that would be it in a nutshell.