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Fed Made Decision To Bail Out Europe On Monday
It appears that the Fed decision to bail out Europe was not made this morning, or yesterday, but on Monday as per the following two headlines:
- LACKER DISSENTED AGAINST FOMC SWAP DECISION ON NOV. 28
- LACKER VOTED INSTEAD OF PLOSSER, WHO WAS UNAVAILABLE
It also means that the decision was leaked on Monday, and explains the relentless surge in stocks since then despite progressively worse news out of Europe. Q.E.D. - a plan so good Hank Paulson could have leaked it to his hedge fund buddies.
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No oversight, bitchez
i quit this market. i'm taking my ball and going home.
In the immortal words of George Carlin, "It's a big fuckin' club and you ain't in it."
I am sure 535 people at the highest levels of Govt were told and loaded up on TNA calls
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:
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.
WINNING.
Fifty years from now, after the resource wars, Bernanke will be a National Hero. We'll probably celebrate Bernanke Day!
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.
I think its more likely he will be publicly executed.
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.
"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
Sooner or later, you'll work out it never was your ball.
When they send the heavies to collect, that is.
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.
No, they really don't. The only thing that matters are information advantages (or, disadvantages).........
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.
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.
Surprised the No MasTurbating troll hasn't weighed in.......
The question we should be asking ourselves at this point is: Who's going to bail out the Fed?
-John
http://johnu78.blogspot.com/2011/11/whats-behind-israel-and-americas.html
the new world bank, with digital currency backed lucifer's minions.
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.
Correct. Timmy signs the notes, but the co-signers/guarantors are implied by law.
AFRICOM the new frontier.
http://www.africom.mil
Gold, albeit at much higher prices.
The better question is"who is going to tear down the fed"..?
Incorrect.
The Federal Reserve Bank has responsibility for supervising and regulating banks.
Feel better?
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.
dodge ball does get progressively harder
Go to Australia.
Just in time for Christmas bonuses.
JEFF is the man....he knows that inflation will kill the small American..go JEFF!!!
Not to be confused with JEF. Jef is (still) fucked.
Jef. The Man. The Stock. The legend.
All we need now is a script with the working title.
Lesman is confused, interesting
Tell him lube is in isle 8
on european close, he keeps saying this doesn't help Italy
Right next to sand.
Circle of trust.
dust.
Circle of jerks.
Circle jerk on US citizens.
There fixed it for you.
So that's why people call me a cracker :P
How come BAC was down most of the week, then?
Because BAC will be "the example" this time.
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...
BAC: the sacrificial victim if any Primary Dealer steps out of line.
So Benny and the InkJets could buy it at a lower price?
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
Bravo! Encore!
So while we were all fulminating about the Hank Paulson tip off from 3 years ago another tip was being played.
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.
come to think of it, it IS a lot like the leper and the prostitute
omg, this is beyond scary
and I'd imagine the S&P downgrades of 37 major banks was known to them as well and that is what made the action necessary. I would also include that the rumor that the IMF would bail out the EU was in reality the Fed all along.
Taken all together, it was a perfect setup to load up on bank options for the big Wednesday! Lovely...
The US is a great place to invest!
I was suspicious of the whole thing - I knew TPTB would intervene at some point and I was already looking to take money off the table. Happened a lot faster than I thought it would. Itchy dog balls.
Insider trading??? What??? We have the SEC to prosecute that stuff!!!
I think you mean,
We have the SEC to prostitute that stuff!!!
"And I'm proud to be an American, where at least I know I'm free."
God Bless the USA!
Free to be raped and pillaged
and we do it better than anyone.
We're number one
(add zeros at your discretion)
"O! say does that star-spangled banner yet wave,
O’er the land of the free and the home of the brave?"
No, it doesn't.
Amazing how the thought control has worked isn't it. Some jackass thinks he free! Ha! Ha! Free to do what? Just exercise your so called freedom.
The only free man is the man who has the money to pay for freedom. Everyone else faces a far different reality.
As for the Fed bailing out Europe, we knew it was coming. US banks are dead if Europe has even one default event. Who got bonuses for writting all those CDS? Who has put it all into gold? Easy money, crash the world and use your gains from doing it to go long gold. Wanna bet the elites haven't taken that position long before they started crashing everything?
Oh wait, wasn't it the overpaid school janitor and the city clerk who crashed the world with their overpaid positions?
If you are referring to me, I kindly ask you to look up the word "sarcasm" and memorize its definition, and learn how to spot it in the future.
It was clearly the teachers unions, and janitor's union. They have all the power, just ask the hordes of ZH shills and ideologues. Bankers are bad, but lets just steer this conversation towards good old fashioned scapegoats where it's safe.
"if?" well said
Crescenzi saying the there was a run on banks...Save and a beauty!
There was also massive front running in PMs this morning a few minutes before 8 am.
Gosh. I wish that ZH could get the scoop on this stuff as soon as the Primary Dealers do...
I, too, am ready to do my part of "God's work".
Instead, looks like everybody gets to front run me. I was going to buy Gold this morning from Tulving, and then I log on and see this, and Gold jumped $30/oz. Urgh.
Geez man, you're worried about 30 bucks?
no, but 30/oz x 40 oz = $1200.
that might not be much to you... but to me it hurts.
If you can afford 40 ounces of AU, one be happy about it and two just suck it up. We all know where the price is going long term.
Does not sound like he is going long gold.
Sounds like buying,and flipping for profit.
Called traitor.
My previous purchase was less than 1200 total. If I were you I'd be laughing all the way to the secret underground bunker. You did buy a secret underground bunker, right? All I've got is a hole in the ground with a tarp thrown over it. :)
Just go buy. forget about these pennies. since you are buying in size(tulving ??), just buy. you will not regret. there will be a new QE maybe early as spring 2012.
If FED does not provide support to world finance, the Dollar based international monetary system will collapse. others will just only have small inflation compared to US.
just fucking buy.
look at this chart and Gold just bounced of the weekly close of $1880. I have bought al the dips you see in the chart. and even before 2008.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p28385840989
They must inflate, it is the only way to maintain the illusion of growth. The Fed is ALL IN and has no choice but to push into infinity and beyond ... be damned the collateral damage, they'll fix that when it comes too!
Where did you get that avatar? I think it give Sudden Debt a run for the money...
Central bankers of the world: UNITE!
Wouldn't that be the beginning of a NEW WORLD ORDER?
I think we´re past that point already :(
merkel looks like she is winning with US oligarchs...She avoids ECB taking lead in central bank monetising, it'll be FED role + IMF. This is bad for US public as the print machine will now sky rocket to QE WS up and US down.
i don't get the equity market reaction. what the eu needs is a trillion more euros, not cheaper dollars.
Shhhh! Don't spoil the "Sheer the Sheep" party.
Sucker rally.
We had to kill the economy (look at WTI) to save it (or save the banks).
sschu
HYG doesn't seem to be playing along.
What a foul stench of CORRUPTION !
To all you Europeans: from my children and my children's children. You're welcome. I'm sorry but I'm pissed and disgusted.
Ron Paul must love this.
I don't know what RP thinks, but based on his declared equity portfolio, he's up 4-6% today. Maybe he has mixed feelings about that?
What if it was not a european bank last night on the verge of failure and it was BAC???
I think the zh community should get together and pool our resourcees together to employ one of those expert networks guys who listen in and them gets money tio tell the wall street players what went on at the meeting. legal for some reason. I know ZH did some articles on the guy.
If you're not inside, you're outside.
criminals ! the elderly are going to starve to death .... damn criminals.
not only that, old meat is tougher to chew!
the elderly are going to starve to death,but benny said " lucky ,only 99 %
I just changed from cash and went short again. I might get crushed but I have have to trade this thing.
Thanks for the FAZ. Silly Fed.
Not yet!
Wait for it.
The fed is doing a good job establishing the dollar as the one and only world currency. Not that I like it or agree, but that is clearly what they are doing.
What's wrong with fleecing your own sheep. They own your ass! At least they seem to think so.
If you want to make money in this market you have to accept the fact that we no longer have FREE MARKETS.
This explains many things at once, specifically the irrational market exuberance of last 72 hours. However, this still would'nt do any lomg term good because Europe is doomed, Middle east is seething, China and India are not headed up and well US is completely deluded.
Just wait till summer and we will be back at where we started in the first week of October. They have bought themselves a good 3-4 months.
I believe its less than three to four months. They're giving the 'principles' enough time to protect their assets then the shit hits the fan.
3-4 months? Such optimism! I give 'em a week...
I said 3-4 months because there will be another non-news euphoria after Dec-9, then there will be Santa Claus it is likely that ECB and.or Fed will resume printing in the new year. That may keep the lid on festering sores..but yes it could off earlier.
I hope no one is surprised ! Insider trading/Front running at its max ! Some people need to pay for their pensions BEFORE the systeme collpases...
There is the inevitable question of . . . if everything is going well, why is this stuff repeatedly required?
"Nothing to see here" always means there is something to see. Only dire cirmcumstances would require such agregious actions.
Instead of occupying can we just burn Wall Street to the ground?
You deleted and replaced your excellent post. Pussy.
Na, I just cut in line.
The white shoe boys up to their old tricks.
I should have waited a couple more days before cashing out my Roth IRAs to buy silver.
It won't matter in five years. You are talking pennies on the (silver) dollar once the fiat ponzi is realized.
This is the best Bernanke can do. Make NO mistake leaking this decision was part of his effort. This was a coordinated effort and a coordinated leak.
Don't forget Bernanke's 3rd and most important mandate: "wealth effect".
Despite his 2002 speech he knows that it will be the end of the Fed as we know it if he actually started directly buying EU debt.
This is an election year, with 9% unemployment and record deficits, Geithner can't spend one single YANK cent on bailing out the EU without killing Obama's 2nd term dream.
So here it is boys and girls, the desperate act of a desperate Central Bankers.
November fund statements will be mailed tomorrow. Allowing the Season of Shopping to continue unimpeded. Exactly what Bernanke wanted.
Booyah!
BWAHAHAHA. More crack cocaine to the market, got to love it. Keep feeding the addiction.
I think we've reached the part where McMurphy smuggles booze into the asylum. But don't worry...Nurse Ratched will be back.
"everything's gonna be fine Chief"
Golden Sucks needed help getting God's Work done and they called in the FED. What's the big deal?
What's with the huge volume with Banco Santander?
Somebody is trying to get me to install fake updates. I saved the email and the trojan. Nice! Very sophisticated. I have some friends who might like a copy. It is useful to have a trojan that is unknown to current antivirus software. That is why I am convinced it is the government.
Hey FBI or whoever you are if you want to see my porn stash just ask me ok?
Sorry, no kiddie porn.
I wasnt sure if this site was monitored for key words. I have been trying to lure someone in with my statements and searches and blatant terrorist book buys on amazon.
I personally did not believe that the spying on american citizens was so extensive. Now I am a believer.
Next thing is to test if I am now on the no fly list.
I think that thuggish TSA list of ZH suspects was the real deal. They're on to us.
Listen, you need this:
http://unetbootin.sourceforge.net
A bootable USB Drive Linux OS.
Burn it to a USB drive. It allows you to change your MAC on the fly.
Go to the local library. Present 'your' ID to librarian in exchange for Internet privileges.
Get to their machine. 'Start', 'Run', type cmd then type ipconfig /all.
Look for 'Physical Address'. Copy this MAC and use it as your MAC. Unplug their network cable and plug into your laptop after you change your laptops MAC.
sudo ifconfig eth0 down
sudo ifconfig eth0 hw ether ~physical address here~
sudo ifconfig eth0 up
Problem solved. Spooks left in the dust.
Also look for unsecured wireless hotspots in your neighborhood and hotels along the highways using your bootable USB drive. But always change your MAC.
Or if all this is too complected. Write a hand printed letter to the CIA, NSA, FBI, and Mossad directors and tell 'em to fuck off.
I can't find acceptance of this in the US Constitution... #shocked?
All the more reason to end the fed, and cleanse the system of backdoor bailouts that no one really has the capital for anyways-- it leaves a couple things to be answered: 1. why do financial institutions lie and shouldn't they be held responsible for not being forthright about the health of their situation? 2. it being not a liquidity crisis and being one of solvency, why aren't the central banks coming up with more credible plans of action-- is it because this is as good as it gets?
<=== tyler is full 0'poo; so is zH!
<=== i feel better, now; i thought i was losing it, there...waaay too many wtf's , even for month-end; the bankster criminality theory explains 100%, once again!
In all the EURO BASHING going on right now ..also on the pages of ZEROHEDGE
( ZEROHEDGE is a US Operation ..after all ..and represents vested interest .. what the fuck would You do without being reserve currency ? Which even the most uneducated US Citicen grasps ..by now )
..and im tired of it and KNOW ...WHY ..it is ongoing ... so I will contribute with 2 OBSERVATIONS
1. List of the most attractive places to LIVE on EARTH according to seasoned and experienced world trave;llers : http://www.expatdailynews.com/2011/11/would-you-like-to-live-in-top-ten-city.html
Take NOTE .. there is NOT 1 American City ...on the Charts ! Which by the way are produced by AMERICANS
2. A chart of the EUR/USD exchange rate since 1999 until today
http://finance.yahoo.com/echarts?s=EURUSD=X+Interactive#chart2:symbol=eurusd=x;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
As anyone can see in the week of Jan 11 , 1999 The EUR/ USD rate was 1.015 USD to the EURO
In the week of Nov 28 , 2011 the EUR / USD rate was 1.3313 USD to the EURO
In spite of this MASSIVE DEVALUATION of the USD , the United States of America have NOT succeded in establishing a POSITIVE TRADE BALANCE towards EUROPE ,
So keep on with the SELF - ADMIRATION ... Ill hope the EUR/USD rate could come down a bit.due to that as this would improve what EUROPE can sell abroad ... to PAY all these DEBTS ...
and the EUR / USD RATE MUST BE FAR TO HIGH considering all the negative stuff found on the pages of the worlds ANGLOSAXON MEDIA regarding the EURO ... OR WHAT ?
My CYNICAL GUESS is though .. THe EUR/USD Exchange Rate would only go DOWN ..the Moment the US SERIOUSLY considered to REPAY the MASSIVE DEBT it has to....EUROPE !
All these bailouts remind me of the story of great grand dad's shipwrecked packet ship off in the North Atlantic in the summer of 1865. after having bid farewell to his family the eldest son of 6 just age 18 jumped into the sea and miraculously found his way into one of the life boats. His account of the disaster included day after day scooping and bailing water out of the boat with a wooden shoe in order to keep it afloat.
It seems that the modern day bankster North Atlantic bail out continues to scoop and bail day in and day out in order to keep the shipwrecked system afloat.
This doesn't just drive a nail in the coffin. It starts to fill the hole in. The die is cast. Now, the central banks have no choice, Print, print, print.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Who is this Federal Reserve Goverment.....?
Which political party do they represent?
Is there an official oppostion party...?
And did YOU vote any of them in....?
Oh....It's not a goverment entity...you say.....
Then why ,oh why,.....do they run the world...???
TURN THE FUCKING TELEVISION OFF...!!!!
I had been wondering ever since Monday why the markets were not imploding. Absolutely horrible headlines continually flowing out, ending finally with the downgrade of nearly 40 major banks worldwide by S&P. Now I have my answer.
Were all global citizens now!