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That Bernanke is somthing else isn't he? One of the Chosen ones heading into the most important Holiday. g_d speed Big Ben!
He is a piece of doggie tar tar
Indeed, "chosen" for what?
Greed is not good. How does God prove the point?
My only question is, where do I sign up to be a bond dealer?
I want to participate in this racket.
Trust me, you're participating in it. You're in the "deferred benefits" section. :0
And then the dealers get another freebie when they turn around and sell the long bonds back. The Bernank knows who he works for.
The Dealers are making a killing
That Kleptocrat Ben is so willing
To hand them our wealth
Through bond twisted stealth
Our assholes they soon will be filling
Now work in the part where this helps the Dealer balance sheet move left on the curve to better weather the eventual economic inflation.
sell short dated bonds back to dealers
wait a couple months while things fall apart
buy bonds back from dealers at hugely inflated prices
This is exactly what (most) of the "Occupy Wall Street" crowd doesn't seem to get: a bunch of protesters "occupying Wall Street" yelling for "reforms" is like the "Guardian Angels" "occupying the neighborhood" and demanding that the FBI arrest the corner dealer....while the CIA flies another load into Mena, AR and the FBI brings the product right back to the 'hood. Both groups are protesting the wrong damn thing, in the wrong damn place.
We don't need to occupy Wall Street: we need to occupy Maiden Lane. And Liberty St, and Nassau St, and William St. Surround the NY Fed. Banksters don't need addresses (on Wall Street or anywhere else) to subjugate the world: all they need is a central bank. POMO is the perfect demonstration of this: its a cargo plane en route to Mena.
Banksters and dealers are a lot alike: both are powerless without some magical government backing. For the dealers, they need a federally-enforced contraband society in order to sell naturally cheap, renewable products (cocaine, weed, whatever) at exorbitant prices. For the banksters, they need a federally-enforced counterfeit society in order to sell products (credit, fiat, etc) that don't even EXIST. Occupy Wall Street all day---and see what happens. Run all the banksters out of NYC, and they'll find another nation to call home, and set up freakin' eurodollar accounts with the Fed and get right back to their same ol' tricks.
Occupy Maiden Lane, Liberty, Nassau, and William if you want to see something change. End the damn Fed.
Is it really the middle class or is it China? Seems like China is the only player in town with real money.
Not sure this is true. It is possible that the Chinese might be running low on cash flow. It is possibl ethat they (China) is borrowing against copper and other commodity stockpiles to fund cash requirements. This could explain the recent price declines in copper. What I think is happeneing is the market is beginning to realize there is a hoarding glut (i.e corn and copper) which is supported by lack of aggregate demand. The sham continues to become more exposed. At some point US TSYS will be for sale, BIG! Hey, this is just one view.
The American middle class is several times larger than all of China. With all the talk of China it is important to keep in perspective how small their economy still is.
Some bonds are more equal than other bonds.
My coupon's bigger then your coupon.
Nice analysis, Ty. So everything out of the shoe is a push yet the gambler still tips the house. Casino Nation.
So... buy BAC?
Basically there is no way of starving this beast because there are 330 million hostages. As unpleasant as this news is, it is much appreciated TDs.
This'll give us something to meditate on for the next couple of months.
exactly, now eat your peas !
BAC. although insolvent, bankrupt, and seemingly a black swan will sit tight and pretty, knowing it has been dressed up in the black pidgeon costume. Website BofA antics aside, they're not going anywhere right now. 40 some odd Trillion of derivatives clearly speaks of continuation - kick the AmeriCAN down the road. The owners on the other side of the bet have to double down with FedTwisty. The captured gov won't let the insurer be tested anytime soon either this time (read AIG).
Dude, my sarcasm was on. Even if there was a sure trade in BAC right now I wouldn't take it. I'm all about physical if you know what I mean;)
Also, fuck Buffett.
You weren't thinking of literally doing that to Buffet, were you?
More like 270m. you hafta factor in the people on the dole. and the 50 week unemployment train or whatever redic figure it is.
Actually anyone know how many people would be left out in / unable to pay into this?
Is this why MS is doing so well all of a sudden?
For crying out loud, where the hell am I every time the Fed opens the (free) soup kitchen window? By the time I get there, all that's left are crumbs, used rubbers and lots of sore asses.
Dammit, I never get to have any fun.
You & me & 99.98%
it's a big club and 99.98& of us ain't in it.
Buy a psychotic a gun. Get a free inkject cartdrige. You just don't hang out with the right violent people.
Now it's time to celebrate the summer of stealing gaddafi's gold.
I'll try to get to the soup kitchen a little bit after you Cog. Sorry about the asses.
The dealers are sharks and can smell money in the water.
You don't even have to see the money or know how it might have gotten there. The dealers can smell it they know it is there and they want it and will swim in from all corners of the financial world to devour it.
Nothing new. Not even much of a twist. It's the usual looting by the usual villians, aided by the same traitorous fiends.
The dealers are sharks and can smell money in the water.
Maybe not. Maybe they're just a bunch of bankster panhandlers. The coke has their olfactory numbed so they just wait for a phone call, get their instructions and go from there. Clearly, what happened was not without notice to the banksters. They needed some time to prepare. You just don't raid the cookie jar if you don't know where it is.
This is not a casino. It is premedited, cold blooded and calculated well in advance of execution.
It is a rather pleasant experience to be alone in a bank at night. Willie Sutton
This is a shell game that the Fed controls. No surprise that they are better at their own game. Come on guys.
For the second time today: "At least I have chicken"
This is all so totally screwed. Santelli could do a good job backing up Zero Hedge but then they would put him in another time out for a week. Not easy to understand all of this and that is why 95% of the population has no clue as to what is going on. So it will continue.
Interesting how rates have been creeping up the last 3 days, no big deal, but worth noting.
And what the heck got into silver today. I thought only Kodak used silver....
How about that gold euro philharmonic price in dollars. Pretty schizophrenic.
Silver is a barbaric relic like gold. A bunch of damn Luddites must have bought the shiny stuff. FIAT currency and government bonds are the future my friends!! Be a good American, buy bonds. If not, you're a damn dirty terrorist...
Them damn turrrrsts!
i don't know but it really pisses me off. two weeks i bought 100oz. and the price crashed 10 bucks.
now tomorrow is fiat payday and the price goes up two bucks!
it's a goddamned conspiracy, i tell you.
Someday, you are going to remember how you once bitched about a $10 drop in virtual Ag and giggle.
Or when it first started crashing and went down to 8 bucks an ounce at one point but nobody could get ANY of it for less than 10. It's hard to be jealous of people NOT being able to buy silver at 32 right.
I think that the words "U.S. taxpayers" could be replaced with "U.S. dollar holders" because the debasement of the currency (money printing) is the only "solution" and this impacts all dollar holders, not just U.S. taxpayers.
Never forget, EVERYONE KNOWS , We made money on the bank bailouts, they proved it in the p/l doc they released!
made money???? what a twist on a phrase - hahahahaa
it's a small club but without KY it don't matter much!
and they're six times more efficient at selling bullshit
4 out of 5 dentists agree.
Look Mr. President! Zero Hedge is trying to destroy Christmas again! Now let me change that word "collusion" to "cohesion"..."voila la! It's all good people! Move along!
Spooooky. That graph looks a lot like the Sears Tower.
What'chu talkin' about, Willis?
Don't give the CIA any ideas!
Cider in my ear http://www.youtube.com/watch?v=d8Wvgs9q3js if some many bankers want a piece, they know the fix is in.....
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