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The Global Central Banker Directory
If there's printing going on in your neighborhood
Who you gonna call?
CENTRAL BANKERS!
If a loaf of bread costs a trillion bux
Who you gonna call?
CENTRAL BANKERS!
The Newer New Normal in paper destruction has arrived, and Benny and the Inkjets will soon learn that the one response to open-ended CTRL-Ping and implied $85 billion in new Flow each and every month by one central bank is open-ended CTRL-Ping and comparable flow amounts from every other central bank. Because in the global FX destruction race all one needs is a printer and the eagerness to embrace hyperinflation. Which naturally leads always and every time to just one outcome. So when readers are unsure whom to call and thank for the opportunity to exchange a wheelbarrow of cash for a loaf of bread, we suggest keeping the attached full directory of global central banks and their employees, courtesy of the BIS, handy.
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And here I was, wondering what to do with the rest of my weekend
The Careless Whisper Saturday News Update & Threadjacking
NY Times: JP Morgan Investigated For Possible Drug Cartel Money Laundering
http://www.nytimes.com/2012/09/15/business/money-laundering-inquiry-said-to-target-us-banks.html
PIC OF THE DAY: Apple's New 100 Acre Solar "Farm" In North Carolina, USA
http://www.dailymail.co.uk/sciencetech/article-2203375/Pictured-Apples-massive-new-100-acre-iSore-solar-farm-dwarfs-iPhone-makers-data-centre.html
Martha Stewart InterActive Map Of Best American Made Products; Each Offers "My American Made Story"
http://americanmade.marthastewart.com/map
Rachael Maddow Spends 3 Minutes Explaining That He's Not Gay; It's A Crazy Conspiracy Theory
http://video.msnbc.msn.com/the-rachel-maddow-show/49041331#49041331
"Or one may say that there were no real human villains; that given the economic and political cues, actors would have been in the wings to come on and play the parts which circumstances dictated.
Certainly there were many others as reprehensible and irresponsible as those who played the leading roles. The German people were the victims. The battle, as one who survived it explained, left them dazed and inflation-shocked.
They did not understand how it had happened to them, and who the foe was who had defeated them."
-- Adam Fergusson, When Money Dies: The Nightmare of the Weimar Collapse
Don't cross the streams.
If you go to the Rachel Lesbian Maddow website you'll see a picture of Obama and his gay Paki lover on the couch. Even back then the asshole was looking down his nose at everybody.
The dude's obviously gay as this photo proves: Obama Is Gay
ZH readers: Please read this article, you will die!!!! Tyler: you should repost this.
http://www.theonion.com/articles/us-economy-grinds-to-halt-as-nation-rea...
So perfect!!!
You can find out where they live and what their places of residence looks like too.
Google Earth. Get your Free program Today.
http://www.google.com/earth/index.html
"Those who have been found out laundering criminal money should probably be barred from staying in the banking profession for life. Such people disgrace the banking system."
Andrey Kozlov ....central banker Russia....assassinated in 2006 days after the above speech
Venel Joseph....central bank governor of Haiti....assassinated in march 2012
He had agreed to cooperate with authorities probing an alleged multimillion-dollar bribery and money-laundering scheme involving two Florida-based telecommunications companies and former officials at Haiti's state-run telephone company,
wonder why there are no good bankers?
Blood thristy Muslims at the BIS?
Muslims (maybe not) Release VIDEO Making Fun Of NY Yankees 2012; Could Cause Riots In The Bronx
http://www.youtube.com/watch?v=r-FcLpbjlcY
Muslims should make a movie denying Hollow-cause... could get the party in full swing real quick.
just air movie DEFAMATION
http://www.youtube.com/watch?v=pJo7LhSPJaY
http://www.vho.org/GB/Books/dth/
I wonder what would happen if a couple hundred people started faxing their local telephone directories to that fax machine in the Chairman's office?
Michael
Getting very bold my friend ;)
I may be roundly criticized by many here for writing that which I am about to, but it needs to be written by someone.
I'm receptive to any and all counter-factuals rebuttals.
I do not believe I've ever witnessed a greater divergence in reaction or interpretation between what The Fed, whether through Bernanke or Greenspan (or whomever else) has announced, and the kneejerk reaction of markets and of the media "analysts."
The latest FOMC announcement of MBS bond purchasing was a near-nothing burger for the following reasons:
It is no exaggeration to say I am shocked at just how many people & sources, but more importantly, some people and sources that I consider intelligent/credible, discuss and interpret this latest FOMC announcement as if it were a capital 'B' Bazooka, when in reality, it's far closer to one of the toy pistols with the flag that pops out with "Bang!" written on it.
If one thinks about the actual MATH & NUMBERS that flow as a result of The Bernank's latest scheme, it's not very noteworthy.
If The Bernank's intentions were to provide some additional (but modest) support to the extremely sick GSEs like Fannie & Freddie,*** while TRICKING THE MARKETS INTO SIGNFICANTLY BOOSTING THEIR INFLATION EXPECTATIONS***, he pulled off a master stroke (at least based on initial reaction).
I genuinely believe the 2nd "Big Short" of risk-on assets has now been firmly & deeply set up, with the last one obviously being more focused on the bursting of the housing bubble in 2007 which then caused wider, downstream, adverse consequences, and with the impeding one being more broad-based and of greater duration.
Complete and Total Worldwide Economic Collapse 2012
http://www.youtube.com/watch?v=WI8dfFN7H1w
Matchbox Twenty - Back 2 Good (Video)
http://www.youtube.com/watch?v=Rg93Lac49-Y
FED operates under
taylor rule (simplied) and perhaps Mankiw rule:
http://research.stlouisfed.org/fredgraph.png?g=61k
when blue line is under zero, Fed will print.
If rate is 0, and Fed still needs to print, then they will do QE.
We don't even need bernanke for this. Any DOS computer can set the rate to "right" terms.
I like your take on this.
Something just doesn't feel right about it at all.
As central bankers, illusion is everything, if they destroy the USD they are out of a job and possibly will find themselves at the mercy of an angry lynch mob.
Controlled deflation with just enough raised inflation expectations to get the speculators to move some of that hot money and leverage up into R/E therefore pulling forward some demand thus helping banks balance sheets.
They desperately need and want another bubble.
Also...now that everyone is long PMs what a good time for the bankers to have some fun with the paper bugs?
@ Michael
Dutch Bilderberg member openly says that everyone who attends, agress to uphold "the Bilderberg Code".
http://www.youtube.com/watch?v=tI_FSBElww8
(from WeAreChange)
Those We Are Change Holland people and all WAC people are fucking awesome. "Bilderberg Code" indeed.
On another note, I don't think the CIA, Mossad, and MI5 will ever again be able to pull of the shit they did to the Muslim world, the American people, and the rest of the planet ever again.
See what they did weekend viewing assignment;
Primmer video I made to this series;
The Precautionary Principle Who Benefits?
http://www.youtube.com/watch?v=4GIkWuuq45I
The Power of Nightmares, (Part 1/3), "Baby it's Cold Outside"
http://www.youtube.com/watch?v=YwrQZwMI6No
The Power of Nightmares Part 2: The Phantom Victory -- by Adam Curtis
http://www.youtube.com/watch?v=-05CAnMONHM
The Power of Nightmares Part 3: The Shadows in the Cave
http://www.youtube.com/watch?v=1o4PrJkS7nI
You clearly missed the "open-ended" part. Also the fact that it may change to 50, 60, 70 billion. Over a year it quickly goes to a trillion. This is QE without limits. And most crazy of all, he is reflating the housing bubble!
How many lettuces for a bypass? Is it cheaper (per vessel) to go for a triple / quad early on 'cause it would "cost" fewer lettuces per vessel??
Reminds me of Douglas Adam's "Hitchikers Guide to the Galaxy" - "people seemed generally unhappy owing to posession or not of small green pieces of paper, but overall the small green pieces of paper were themselves not particularly unhappy".
At least Obomber's pondering over his coin collection - it could be a lot worse if he was fondling his GUN collection . . . . .
If you want to see the value of your gold soar
Who you gonna' call?
Central Bankers!
Dear Central bankster receptionist please inform your printing press that q99x2's cell phone is an old Nokia that has coincidentily gone on the blink at the time of Apple's new iPhone 5's release. Would you please send him enough cash in unmarked federal reserve notes so he can waste it on an iPhone. Your boss has his address over at the NSA's Utah facility. PS his dog would also appreciate it if you send along a 50 pound bag of non GMO organic dog food.
Sincerely Q99X2.
A cheat sheet for hangin' time?
"I told you not to cross the streams, Ray!"
I imagine them dressed as ghost busters but with a gold coin stricken out instead of a ghost. Guns spraying cash instead of plasma beams
Group email:
"Central Bank intervention benefits banks, punishes savers, debases the currency, aids and abets market manipulations, mis-allocates capital and resources, inflates necessities, robs the taxpayer, and engenders war. Are these your goals? If not, find another career."
Earliest known video of the Ben Bernank
http://i.imgur.com/XaiUx.gif
"a wheelbarrow of cash:
First you'll need to find an affordable wheelbarrow to haul around all that cash. By that time they'll be in the $220 trillion price range.
I'll keep a Gold coin, atleast to buy a wheelbarrow.
Cannibalism is so in vogue, now days. Especially, when a "kernel of corn" costs "2 dollars"! "Didn't ask for a dime! I want my 2 dollars!"
Thank you Tyler. My years of posting BIS info has finally paid off. WB7 needs to illustrate the Muckety graphic version to explain how things really work. Simple building blocks for the mass to see.... goes a long way. :)
Anyone want to take bets on Spain, going the "Full Monty" this next week. That "BIS " file you posted, just jogged my( upcoming audit of Spains books) memory. That is , If the M/E doesn't turn into a pretty, "green glass" parking lot first?
Ah, but it's good to touch the green, green glass of home.
Surely by now there are no unemployed Blackwater, aka Xe, now known as Academi, people...
I find it astounding not one bankster has been, let's see, reportedly, needing paramedic help or read about in the NYTimesObit column.
Just observing...
LMAO. For me, so far, lol, this is the funniest post of the year. Thank you Zero Hedge, ...for being as sick and twisted. http://www.youtube.com/watch?v=hWYVGiPEEpc
...Delta Delta http://www.youtube.com/watch?v=LQEgZNqa8jE
...Dawn http://www.youtube.com/watch?v=1-wbd6nmV1Y
...where is my drone? http://www.youtube.com/watch?v=ADBo0s4CbvM
Tyler - what about the bit when Goza the destructor turns up as the marshmallow man? Or did I miss something?
Just came from the grocery store and the fuckers are already raising prices. Box of Wheaties cereal $4.79, was $4.19 and milk is $3.49, was $3.19
Only the beginning. Food riots here we come. Hopefully they can find Bernanke and hang the prick.
...are you giving me a badge? LMAO, ...cuz if I don't qualify for one kiss your dusty ass goodbye.
I wiill audit their soul. LMAO. Not that we are all not so affected, it's ''will you sacrifice life to sustain the delusion?''
wait - milk $3.49? For what quantity?
It depends on the " Mammal". Teets for ToTs! ;-)
My fear and suspicion is that the FED is engaging in transactions that are neither heralded nor entered into their books. Think about that. What's stopping them from acting in concert with the plunge protection team, CIA, FBI etc to be doing some secret financial plumbing in the hope of covering up some seriously insolvent banks. With printers, computers and electronic transfers you can do anything you want.
So, what if all this quantitative easing measures actually do work? Do sites like this instantly lose credibility?
In the past four years my company has lost 35% margin due to currency devaluation alone. We must buy parts from Japan in dollars, the machines to build the parts do not exist in the USA. The only other place we can possibly get them is Germany. Devaluation against the Euro and a higher base cost from Germany makes that a losing proposition as well.
If the dollar drops below 70 Yen, we can no longer make any profit on what we sell.
It doesn't matter is QE actually works, it won't, the effects of it will put my company out of business and put another 100 people out of work. The average salary my company pays is $32k a year. 90% of the people working with me will not find a job making anything close to that.
Yes we could fire workers, but the savings there will not be enough to cover the margin loss from currency depreciation. It it costs $7.25 to buy our product, and our wholesale is $8.75, that $1.50 gross profit disappears rather quickly, workers or not. We can not raise our wholesale cost, and the consumer will not accept higher retails on discretionary products. Thanks to Bernanke doubling the cost of most non-discretionary items. 5% drop in the dollar and net profit easily goes negative. Since we aren't a publicly traded nightmare like Amazon, we can't make negative margins work.
Sites such as this base their commentary on observations of effects. You will no doubt be aware that QE1, QE2, Operation Twist and whatever other "Socialisation of the Losses" strategies enacted by the Fed. Reserve Inc. have so far evidently NOT had anything like the desired effect.
If QE3 "works" on the backdrop of the above, it'll either be a miracle, or more probably a result of serious behind the scenes "activity", which us mere mortals are not priviy to.
So, in summary, no. ZH's comments are based on generally available information, and a reasonable predicion of outcomes based on analysis of past events. If QE3 DOES "appear to work" this will if anything increase the attractiveness of ZH since the very diverse range of contributors and commenatiors will be amongst the first to work out / find out just how a mechanism that has failed in the recent past, suddenly, almost magically, produces "the desired result".
There would then be a LOT of digging, and you'd be quite surprised at what gets turned up . . . . . . . .
Yeah, the last (2?) Quantitative Easing's worked so well, they're just doing this one for 'good measure'.
Nobody was paying attention to the plumbing. It's not sexy. You got to pay attention to the plumbing.
(A quote from ''Slam Dunk" )
http://www.youtube.com/watch?v=Ru2vnkUaqHc
The list is last update 1st April 2004
Many Central bankers have drowned under the bridge since then to be followed the coming deluge.
Read "Crisis by Design" by John Truman Wolfe. He connects the global dots and names names.
Cash for trash becomes cash is trash
Naked Capitalism has a good write up here
Is QE3 Yet Another Stealth Bank Bailout?
and from Bloomberg (Citi Fraud isn't the only one)
Citigroup Puts the Fun Back in Taking Huge Losses