Fed Made Decision To Bail Out Europe On Monday

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Wed, 11/30/2011 - 12:05 | 1930396 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

No oversight, bitchez

Wed, 11/30/2011 - 12:08 | 1930424 greased up deaf guy
greased up deaf guy's picture

i quit this market. i'm taking my ball and going home.

Wed, 11/30/2011 - 12:09 | 1930434 redpill
redpill's picture

In the immortal words of George Carlin, "It's a big fuckin' club and you ain't in it."

Wed, 11/30/2011 - 12:17 | 1930491 max2205
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I am sure 535 people at the highest levels of Govt were told and loaded up on TNA calls

Wed, 11/30/2011 - 12:22 | 1930529 Mr Lennon Hendrix
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The new interest rate, of the world, is the overnight interest rate of the Federal Reserve.  The Fed just set world monetary policy.  We now have the dollar as not only the reserve currencie, but the only currencie.  We now have a One World Currencie controlled by the Federal Reserve.

When John Davison Rockefeller and John Pierpont Morgan sat down at the turn of the century to discuss their future goals for world domination, they had this in mind.  How apropo that the Federal Reserve is almost at it's 100th winter?  The most dangerous fire is always the slow burn of a brush fire.  When the trees are torching, we keep the line at a distance.  When it is a mere little fire, we become complacent, and are not ready for the likely gust of wind.  Brush fires move fast, and complacency kills.    

To understand the goals of the Federal Reserve Charter, a poem from the great J.R.R. Tolkien:

One Ring to rule them all,

One Ring to find them,

One Ring to bring them all,

And in the darkness bind them.

Wed, 11/30/2011 - 12:27 | 1930552 King_of_simpletons
King_of_simpletons's picture

This weeks surge was attributed by the jokers in the Press to Black Friday spending, Cyber Monday splurge, consumer confidence increase, JPM analyst's S&P 1350 by year's end and Santa Claus rally. Too many different ways to say that Fed is evil.

Wed, 11/30/2011 - 12:34 | 1930582 hedgeless_horseman
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The Fed just set world monetary policy.



Fifty years from now, after the resource wars, Bernanke will be a National Hero.  We'll probably celebrate Bernanke Day!

Wed, 11/30/2011 - 12:35 | 1930643 Mr Lennon Hendrix
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Bernanke is already drinking in celebration this morning.  I wonder when his biography is writ, if the author points out he went from an academic to a cut throat bankster.

Wed, 11/30/2011 - 12:47 | 1930776 CORNGUY
CORNGUY's picture

I think its more likely he will be publicly executed.

Wed, 11/30/2011 - 13:36 | 1931092 Fazzie
Fazzie's picture

 But they dont front-run just ask them! You see their broker handles all that investment jazz gosh the pols can hardly recall just what stocks they hold anyway because they are so busy doing the peoples work!

  Heck if it was a big ethical problem it would be all over CNBCs headlines.

Now watch for certain congresscritters, having flipped those TNA calls for 400% profit, lash out at the Fed for bailing out Europe.



Wed, 11/30/2011 - 12:58 | 1930892 Odin
Odin's picture

"The term “conspiracy theorist” is a label used by the establishment to dismiss the idea that powerful people might get together and actually plan anything"


                                          -George Carlin

Wed, 11/30/2011 - 12:10 | 1930439 EscapeKey
EscapeKey's picture

Sooner or later, you'll work out it never was your ball.

When they send the heavies to collect, that is.

Wed, 11/30/2011 - 12:31 | 1930595 SilverIsKing
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The charts showed a reversal on Friday.  Clive Maund called this move on Sunday and re-iterated a continued move higher on Monday after the +300 point close.  Charts do matter.

Wed, 11/30/2011 - 12:49 | 1930800 CORNGUY
CORNGUY's picture

No, they really don't.  The only thing that matters are information advantages (or, disadvantages).........

Wed, 11/30/2011 - 13:08 | 1930943 SilverIsKing
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That's my point.  Obviously, some institutions were trading with this information on Friday and the charts told the story.  I don't really understand charts and while the TA's didn't necessarily know why the charts showed what they did, they were able to discern that something was brewing to send the markets higher.

While everyone thinks that the action on Monday is proof that people knew what was going to happen ahead of time, I'd argue that some knew even earlier than that.



Wed, 11/30/2011 - 14:41 | 1931489 macholatte
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I'd argue that some knew even earlier than that.


Think about it........ how do you get so many spokes of a wheel tied into the rim and hub without having the cooperation of a whole lot of people? Simple answer: you can't. The plan was certainly in the works for a long time and the negative press, all of a sudden NYT, FT and Bloomberg are publishing articles about imminent doom over just the past week or so, was all the justification they needed to pull the rip cord. Now they are heroes. The Euro has been saved. Long live the Euro. Fuck the American tax payer.

Wed, 11/30/2011 - 12:49 | 1930795 Upswaller
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Surprised the No MasTurbating troll hasn't weighed in.......

Wed, 11/30/2011 - 12:10 | 1930440 johnu78
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The question we should be asking ourselves at this point is: Who's going to bail out the Fed?



Wed, 11/30/2011 - 12:13 | 1930469 john39
john39's picture

the new world bank, with digital currency backed lucifer's minions.

Wed, 11/30/2011 - 12:19 | 1930506 LawsofPhysics
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According to the Federal Reserve Act, the U.S. taxpayer/citizen (employees of the corporation of these united states) is on the hook for the Fed's balance sheet.

Wed, 11/30/2011 - 12:32 | 1930602 hedgeless_horseman
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Correct.  Timmy signs the notes, but the co-signers/guarantors are implied by law.

Wed, 11/30/2011 - 12:31 | 1930593 Carlyle Groupie
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AFRICOM the new frontier.


Wed, 11/30/2011 - 13:21 | 1930930 Wasatch
Wasatch's picture

Gold, albeit at much higher prices.

Wed, 11/30/2011 - 14:25 | 1931375 Bansters-in-my-...
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The better question is"who is going to tear down the fed"..?

Wed, 11/30/2011 - 12:18 | 1930447 hedgeless_horseman
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No oversight, bitchez


The Federal Reserve Bank has responsibility for supervising and regulating banks. 

Feel better?


The Federal Reserve has responsibility for supervising and regulating the following segments of the banking industry to ensure safe and sound banking practices and compliance with banking laws:


•bank holding companies, including diversified financial holding companies formed under the Gramm-Leach-Bliley Act of 1999 and foreign banks with U.S. operations

•state-chartered banks that are members of the Federal Reserve System (state member banks)

•foreign branches of member banks

•Edge and agreement corporations, through which U.S. banking organizations may conduct international banking activities

•U.S. state-licensed branches, agencies, and representative offices of foreign banks

•nonbanking activities of foreign banks



Wed, 11/30/2011 - 12:38 | 1930668 Mr Lennon Hendrix
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The Fed has no oversight.  They are the keepers of the scroll, the decision makers.  No one enters the Temple, and all must bow and sacrifice before it. 

Stand back, layman, they could have your head.

Wed, 11/30/2011 - 12:13 | 1930468 DaveyJones
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dodge ball does get progressively harder

Wed, 11/30/2011 - 16:23 | 1932051 Mauibrad
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Go to Australia.

Wed, 11/30/2011 - 12:17 | 1930496 The Big Ching-aso
The Big Ching-aso's picture



Just in time for Christmas bonuses.

Wed, 11/30/2011 - 12:05 | 1930398 The Axe
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JEFF  is the man....he knows that inflation will kill the small American..go JEFF!!!

Wed, 11/30/2011 - 12:09 | 1930435 GeneMarchbanks
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Not to be confused with JEF. Jef is (still) fucked.

Wed, 11/30/2011 - 12:14 | 1930473 CPL
CPL's picture

Jef.  The Man.  The Stock.  The legend.


All we need now is a script with the working title.

Wed, 11/30/2011 - 12:06 | 1930403 Irish66
Irish66's picture

Lesman is confused, interesting

Wed, 11/30/2011 - 12:09 | 1930432 surf0766
surf0766's picture

Tell him lube is in isle 8

Wed, 11/30/2011 - 12:13 | 1930462 Irish66
Irish66's picture

on european close, he keeps saying this doesn't help Italy

Wed, 11/30/2011 - 12:19 | 1930512 The Big Ching-aso
The Big Ching-aso's picture



Right next to sand.


Wed, 11/30/2011 - 12:06 | 1930405 hedgeless_horseman
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Circle of trust.

Wed, 11/30/2011 - 12:07 | 1930416 GeneMarchbanks
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Wed, 11/30/2011 - 12:07 | 1930417 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Circle of jerks.

Wed, 11/30/2011 - 12:42 | 1930717 Falcon15
Falcon15's picture

Circle jerk on US citizens.

There fixed it for you.

Wed, 11/30/2011 - 13:07 | 1930934 Carbon Penguin
Carbon Penguin's picture

So that's why people call me a cracker :P

Wed, 11/30/2011 - 12:06 | 1930406 zebrasquid
zebrasquid's picture

How come BAC was down most of the week, then?


Wed, 11/30/2011 - 12:08 | 1930423 Johnny Yuma
Johnny Yuma's picture

Because BAC will be "the example" this time. 

Wed, 11/30/2011 - 12:10 | 1930437 Hmm...
Hmm...'s picture

Not a chance.  BAC is clearly TBTF.

instead, the financier class will demand a massive pound of flesh before they'll buy that shit pile.

we can all pretend that German Banks are ok.  we can even pretend that JP Morgan and Wells are ok.
But BAC and Shitty Bank?  Hmm...

Wed, 11/30/2011 - 12:29 | 1930588 slaughterer
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BAC: the sacrificial victim if any Primary Dealer steps out of line.  

Wed, 11/30/2011 - 12:08 | 1930426 Tsar Pointless
Tsar Pointless's picture

So Benny and the InkJets could buy it at a lower price?

Wed, 11/30/2011 - 12:27 | 1930551 DaveyJones
DaveyJones's picture
Hey kids, snakes they lay together
The spotlight's hitting something
Ben thinks he can change the weather
He'll kill the fatted calf tonight
So stick around
You're gonna hear electric chairs 
crowds gather round   Say, Timmy and Blankfein, have you seen him yet
Oh but he's so spaced out, B-B-B-Bennie loves inkjets Oh but the ink smells so wonderful
Oh Bennie loves the greenback's sheen He's got electric boots his math is moot
learned economics from a magaziiiiine
B-B-B-Bennie loves inkjets
Wed, 11/30/2011 - 12:31 | 1930596 Uchtdorf
Uchtdorf's picture

Bravo! Encore!

Wed, 11/30/2011 - 12:07 | 1930408 Village Smithy
Village Smithy's picture

So while we were all fulminating about the Hank Paulson tip off from 3 years ago another tip was being played.

Wed, 11/30/2011 - 12:18 | 1930498 XitSam
XitSam's picture

To vote on it Monday, it had to be in the planning stage before then. That's why Merkozy has been so quiet the last little bit, he knew it was coming.

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