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Joint Statement By The Fed, The FDIC, NCUA And OCC
Presenting the joint statement by The Fed, the FDIC, NCUA, OCC. In essence: the Fed tells S&P to go fornicate itself. And for your corresponding pleasure, below are the media contact of note: Federal Reserve Susan Stawick (202) 452-2955; FDIC David Barr (202) 898-6992; NCUA David Small (703) 518-6336; OCC Bryan Hubbard (202) 874-5307
Full release:
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
Agencies Issue Guidance on Federal Debt
Earlier today, Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+. With regard to this action, the federal banking agencies are providing the following guidance to banks, savings associations, credit unions, and bank and savings and loan holding companies (collectively, banking organizations)
For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities will not change. The treatment of Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities under other federal banking agency regulations, including, for example, the Federal Reserve Board’s Regulation W, will also be unaffected.
### Media Contacts:
| Federal Reserve | Susan Stawick | (202) 452-2955 |
| FDIC | David Barr | (202) 898-6992 |
| NCUA | David Small | (703) 518-6336 |
| OCC | Bryan Hubbard | (202) 874-5307 |
FDIC-PR-133-2011
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The question is what funds and governments will be required to sell their treasuries now that they are AA+?
None. Policy guidelines will be changed to allow for AA securities holdings. QE3 is the only thing that will move rates higher. I will exclude GDP growth for the time being.
Sorry, Isn't QE3 allowing the fed to buy treasury bonds. Wouldn't that force rates down? I think the only thing keeping rates down is the fed and that this downgrade is allowing the fed off the hook. Ie. rates are going to rise dramatically as soon as the fed backs off.
Check your facts. Each time the Fed conducted QE treasury rates went up by 0.80% to 1%....every time they were not in the market rates fell. QE means dollar hell and inflation, raises rates. No QE means we have a date with Japan. Rates down.
I hereby announce, that rynak inc. has just borrowed from himself 1 million dollars. Furthermore, his major shareholders have lended to him another 9 million, followed by quicly selling the "shares" back to him.
Surely, this does show that rynak inc. is an awesome investment opportunity, and that i am a trustworthy investment opportunity - so, who wants to give me one million?
That's "interest rates in the mids of monetization", for you.
Interest rates == doesn't fucking matter unless someone else who is not part of the club, is buying in significant amounts.
OT: i deposited usd into my forex at 430am. Told me declined, checked my bank statement, funds went through. Called forex 3 times between 8am-3 pm. Got the run around but to sum it up - they were having 'system problems' my forex remains unfunded. Thankfully i didn't. Need it to put up margins. Point is this is very peculiar! What are they doing with my usd? Anyone else have this problem?
No I don't have that problem but don't worry.
The USD will probably rally. The world is up-side fucking down.
S&P sovereign analysts to be individually audited by the IRS every year for the next 5 years in t minus 5, 4, 3.....
A question:
The regulator can decide whatever it wants. However, some funds are contractually obligated (via their operating agreement) to hold only AAA debt. Will they sell Treasuries on Monday or will they break the OA and hold on to them?
Guidelines, OA's, everything will be changed to allow for AA U.S. debt as well. Or they will say as long as it is AAA by 2 of the 3 major rating agencies.
Most OA's have language such as "Direct obligations of the US Treasury, it's Federally chartered agencies, entities guaranteed thereby" and then go on to cite something like "and obligations rated AAA by one/two/whatever of the two/three/whatever NRSRO's/major rating agencies".
In other words the specific inclusion of Treasuries as a eligible obligor is usually written into the guidelines as separate from the oher "rated" paper and as such may not have as big an impact as imagined.
Believe it or not...
These documents were written or cribbed off of language originated in eons past. Long before something like this was even considered as necessary or a possibility to address.
Really....
Like many docs including indentures for floating rate notes, CDO's CMO's etc, oft cite print sources for benchmark rates as the WSJ or NYTimes. Long ago, they faithfully carried a literal panapoly of data such as that on a daily basis. No more.... either dropped of curtailed in many cases, or moved to the online editions....but the indentures still specify the print source which might not be there and the docs have never been modified to reflect such...
Yeah yeah yeah, picky fucking picky
Hey, times change....
i think this is just to make the euro-peons feels better, don't you?
Right now we are 2003 Greece, we got some time. The Euros reached the Keynesian endpoint before us. France 5yr CDS at +130, hahaha, yeah, that's AAA.
since when has CDS been a reliable indicator ?
mmm hmm, and the spread vs german govt bonds??? Italy and Spain imploding implodes France's genious banks, then game over. France can't do seriously austerity. Not socially possible. Expect the Europeans, the ones from Europe, to revert to form, 1930's and 40's style.
euro-trash, slewie
arrogant euro-trash
...and the various communist interests, as well...
Maybe in the adelpated minds of these "economic wizards" this makes no difference, but the rest of the world that is buying our bonds will tell the Federal Reserve Criminals to go fuck themselves.
These people are unbelievable.
My bet is that One of the FEDRES BOG will be shot in the next 2-3 years and Bernanke will have to go into hiding and ALL associated with these putrid pieces of HUMAN FILTH will be ostracized from all activity and live out their lives SHUNNED by the ENTIRE COUNTRY,
either that or they will be jailed for their crimes.
Dead, shunned, or incarcerated for the financial wizards at the Federal Reserve.
"You don't want to date me anymore? I'll pick you up at seven. Wear that little black dress I like so much."
circle the wagons fuckers...they're on to us!
LOL!!!!!
Caerus- Exactly. Not to mention, their reaction speaks volumes. Do you hear Greece telling all the RA's to take a hike when they are downgraded multiple times? It is not what our own Treasury and Fed says about our debt...it is how other countries view our debt. To have S&P downgrade the U.S. is tantamount to saying 'you are screwing up and you had better get your act together because this other "perception" selling bs will not cut it anymore'. That the Fed and the Treasury reacted in such a manner only shows our blatant arrogance.
Addition: Furthermore, if the Fed and the Treasury treat Standard & Poor's like ignorant sods, what does it tell you about how they look at the American people? Surely explains a great deal about their view regarding fudging the numbers all the time.
it's either ignorance or arrogance or incompetence but most likely some magical combination of the three...i am ashamed sir...ashamed...
BHO majors in arrogance. He does see himself as God, and when things don't go his way he is puzzled and pedantic. Which is why he is a terrible leader.
I think that we should move the rating to QE+3, QE+4,... from AA+ ; It's more indicative of the culture and where all this bullshit is heading.
"For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities will not change. "
Wait a second.... aren't we evaluating these credits to determine how risky they are for our banking system ? Here's a governing/regulating body basically saying that the independent third party rating agency doesn't know what they're talking about....HUGE.
Government to the sheeple:......"Move along....nothing to see here - Buy the dips...move along"
Baaaaa Baaaa..... Bleat !
Mark-to-fantasy applied to the US Debt rating.
Awesome.
How sophisticated is that ? Positively European. Let's ban reality and all be mandated to act like communist gov monkeys. This crap is socially retarded.
Thats the headline:
Truth IMHO?
It is orchestrated and the goal is SDR.
CRAZY RIGHT?
You betcha.
Motherf##king traders are supposed to be smart. If you don't see this macro?
Tarded.
Tarded.
Tarded.
It's so in your face that you just can't believe it?
Believe it bitch.
That's you, just look 5 years in the future. The trend makes you a bitch. A bitch to a global elitist left that intends to own you and began organizing to do just that long ago.
Deer in the headlights time people.
They count on it.
SDR's are a product of Bretton Woods. Euro freegold is the future, has been since the 50's.
There are funds that can only hold AAA paper. There are funds-of-funds, mutual funds, ETF's and like that hold shares in these funds if not investment in the paper. All of these funds likely have Credit Default Swaps on this paper or for the secondary reasons. Since the trigger for payment on a CDS is an involuntary loss, it would seem the shadow banking system is going to take a hit if a sell-off is triggered.
The big thing to watch is the stock of McGraw Hill (MHP) that owns S&P. Since I think the biggest bulk of MHP's is revenue in selling textbooks and other educational formats and material to public schools and universities, I would expect substantial blow back to revenues, profit and stock price in the coming months.
you're right, but there is no other bond market in the world that absorb as much liquidity so rather than sell, they'll hold and change the rules to AA+
Yes, what a farce. Tell the truth and you get screwed.
congrats. i've been waiting for someone to point that out.
All that will happen is that those funds will operate outside their mandates until they have a meeting and change their investment protocols... all of which will be allowed for in the fine print of their product disclosure statements.
What is more important is that generally speaking, it is very difficult to justify a AAA rating on an instrument that is domiciled in a country whose sovereign debt is NOT rated AAA. (Assuming that S&P has the balls to re-rate based on its stated principles).
Frankly, I think almost ALL credit for this should go to Dagong - the Chinee rating agency which swung a big axe several months ago. When Hop Sing starts telling the Cartwrights that he's not prepared to clean the Ponderosa at a discount, the cowhands take notice.
Yes, Dagong was operating under some level of political direction - that's certain... but do you think for a second that US agencies rate other sovereigns independently of what the US State Department 'advises' them to?
They may be able to finesse in the U.S. but try explaining it to foreign countries that invest here.
Oh, the government hand has been quite visible in the ratings agencies for a long long time. It was just re-affirmed today when many many credible sources indicated that the Treasury was very well informed of the downgrade in advance and even given a chance to "correct" any mistakes. The financial SHTF scenario is about 5% over right now... we still have 95% more to go and its only going to get rougher for everyone. Total systematic collapse is still very much on the table from a few years ago.
but do you think for a second that US agencies rate other sovereigns independently of what the US State Department 'advises' them to?
Don't be silly. The State Dept doesn't "order" the ratings agencies. They're both owned by real powers.
Educational textbooks and material. Jee whiz, I wonder if that Corp might have an agenda? Nah, Just radical, right wing, extremist, terrorist, musings.
I should be eliminated because I'm not playing the 'game'?
F$$king Mafia.
Check out the histronics at www.firedoglake.com.
Pretty reliable and consistent leftist DMT mindwarp.
You will encounter live in the basement/work for the Ponzi leftist who make feeble/silly/retarded/asshats who are TERRIFIED that theit little game is about to end..
History does repeat itself.
Stinky proves it.
All banksters, feds..high on viagra....they want S&P to join the orgy.
I wonder what sort of a bastard they are going to create?
Timmy and crew,,,,
DELUSIONAL FUCK-WADDS....
And these are Americas brightest...?????
You guys/gals are in BIG trouble.
Best? No. But brightest? No. I mean you hear what happens when he opens his mouth. And yes, we earthlings are f'd.
LOL - the 'horse has bolted' crowd (who downgraded Enron the day before its stock went to zero, and Greece six months after CDS spreads blew out to "Gamo ti havra" levels) finally sees that the barn door is off its hinges.
The dynamics that have led to this were so plain to see that I - some fucking nobody on the other side of the planet - first wrote about it in 2001 or 2002.
I have fulminated about the gutlessness of these jerkoffs and the absolute malakies they produce for a decade now, and how compromised they are by the fact that they are remunerated by the people they rate (that was the case when I was a funds analyst nack in '00... we lost business from Australia's largest fund manager when I rated one fund a 'Sell' just before it fell 8% in a week).
Here's what I had to say about them in 2004 -
I am already anticipating getting ready to puke when I hear the media proclaiming that the sheeple are moving to the safety of treasury bonds after the downgrade.
Wouldn't that be like hiding in the basement because of flood warning?
That is why he said "puke" ... its discusting because the common folk just don't get it. The financial world is just too complicated with too many crazy fiat-based financial products, acronyms, and legal jargon that confuses the shit out of everyone. An all out bank run would be the ideal action for panic'd savers rather than investing in government debt.
I'm still very much a believer that we'll end up in a hyper-inflation scenario... there is a steady and always growing distrust of the dollar and lack of safe areas to invest or save it. (Remember PMs aren't viewed as a safe stable investment by many.) Ultimately I think FOFOAs perspective that the tug-of-war rope may be the best perspective to take... "transitory" inflation is coming "bitchez".
.
I don't know why the FedBama is so upset, they've been rushing pell mell to synchronize the US collapse with the Euro collapse. This is mission accomplished.
Because it points the finger directly at them.
Going to be interesting. glad the Bernank does not think this is a problem. What planet is this?
This, finally, is a change I can believe in.
What should I say if I call one of them? I'm so drunk I don't care.
ask them for free cab fare...thanks obamanomics...
Tell em you'd like to report a broken buck.
Now with that downgrade, maybe the sheeple will vote for the only guy running for president who has been warning about this for more than a decade now and the only one with real solutions..... Ron Paul.
The collapse is coming regardless. IT IS TOO LATE. We don't want Ron Paul to be the scapegoat should he get elected (which is highly unlikely anyway, but still a possibility). I really, really wish his supporters would understand that.
nah, it's not too late, I mean, what? Re-elect noobama? Elect Ron Paul and take this bitch down, rebuild.
http://en.wikipedia.org/wiki/Bond_credit_rating
Moody's S&P Fitch Long-term Short-term Long-term Short-term Long-term Short-term Aaa P-1 AAA A-1+ AAA F1+ Prime Aa1 AA+ AA+ High grade Aa2 AA AA Aa3 AA- AA- A1 A+ A-1 A+ F1 Upper medium grade A2 A A A3 P-2 A- A-2 A- F2 Baa1 BBB+ BBB+ Lower medium grade Baa2 P-3 BBB A-3 BBB F3 Baa3 BBB- BBB- Ba1 Not prime BB+ B BB+ B Non-investment gradespeculative Ba2 BB BB Ba3 BB- BB- B1 B+ B+ Highly speculative B2 B B B3 B- B- Caa1 CCC+ C CCC C Substantial risks Caa2 CCC Extremely speculative Caa3 CCC- In default with little
prospect for recovery Ca CC C C D / DDD / In default / DD / D
[edit]So basically, the Fed just decided to ignore the Basel Capital Accord,
(psst: *everyone* is ignoring the Basel Capital Accord.)
Haha, well, you got me there. That's true.
George Carlins words ring truer today, "They don't give a fu@k about you."
http://lonerangersilver.wordpress.com/2011/08/02/george-carlin-they-dont...
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
sadly he didn't live long enough to state the last part. "then they fucking shoot you in public" and find a way to steal everything by other means. just whistling past the graveyard. ...
It is only a matter of time before the whole world realizes this "beggar thy Neighbour scam" the US Federal Reserve including their US Rating Agencies have been running. Already last week we saw sovereign Nations like Switzerland and Japan make drastic and (to the US) controversial moves, to protect their currencies. We saw the ECB buy Euro-Bonds of stressed nations in the European Union to protect the Euro and there will be more. The world is learning fast and the game of beggar thy Neighbour, which Bernanke studied so well by writing a thesis on the great Depression, can be played on both sides of the Pond. There are 500 million People in the Euro-Zone and Bernanke is the Enemy of each one of them. By devaluating the world's reserve currency - the US Dollar, Bernanke and the US Federal Reserve Bank have in fact hiked up Food, Energy and Commodity Prices for billions of People around the World and pushed them further into poverty and financial misery and slavery world-wide. This is a crime against Humanity and has also increased conflict and war around the world. Just look at Somalia, how is this possible in our time ? I declare Bernanke to be prime Enemy of the People World-wide and the prime cause of much Poverty, Hunger, Misery, Conflict and Pain.The US FED must be fought at all fronts, with all means possible. And there are many ways each one of us can do this. Just copy what the Fed has been doing and use your Head ! Free yourself from the oppression of debt - slavery and serfdom that you and your families have been living under.
Wake up America - it is time to free yourself from all these lies and all this corruption. Free yourself !
Nice slogan and all - Free yourself - but what are your specific suggestions for how people would "Free themselves"? What actions are you recommending that "fights the Fed?"
And better... what motivations should have a US citizen to 'free' themselves?
US citizens are so high into victimology they want to be victims of a scheme that is highly benefitial to them...
People who are taking the pain because of this shit are outside the US; not holding USDs.
US citizens are the new nobility of the world, living off many, many priviledges...
777 i`'. I got ass smaked in the 70's}
I want to jump on the "Wow, this is some serious shit, this is really a sign of the apocalypse" bandwagon. Really I do. But this smells funny. The most likely scenario has to be that this is just another calculated, preapproved, focus-grouped ploy by "Them" (TPTB, the Elites, the Trilaterals, the Evil Space Lizards, whomever the fuck). All part of the script. This isn't chaos. It is 100% FDA approved chaos-substitute, served up for some end we cannot yet see. Or am I being too cynical?
I know how to find out. Let's hang around a few golf clubhouses and see if S&P staff are still welcome members.
OK but you need $50-100K and a proper invitation to hang around the right clubhouses in DC.
Very true. Plus, I think I only have one golf club left and it has dried snake blood on it. Seriously. Pitching wedge is a formidable weapon in the fight against Copperheads.
naw... it's called a mashie niblick for good reason
I accidentally read "clubhouses" as "whorehouses" and then I realized, actually, yeah, that's a much better idea, we'll *definitely* figure out what's going on that way.
i wish i could give anyone that much credit...this sir...is fashion...smile for the camera...
No I think you are on to something substantial here, they have to sell QE to infinity as well as looking to fiscal stimulus. It is already known that Moody's/Fitch are in the debt brotha's pocket with no possible downgrade action ever lest risking a DOJ investigation. That being said, the conspiracy is two fold, IMHO. One, QE to infinity and fiscal stimulus from hell is what they want, this allows the entire looting of the treasury before the collapse. Two, the vehicle is the takedown of BAC. It is coming, TPTB we get all the good parts left (gs/jp morgue/wells/citi) and the taxpayer will get the corpse to bury (as well as the funeral costs). This was all rigged years ago when TPTB stuck BAC with cunt tree wide a known subprime debacle from the start. It was an insurance policy for TPTB in case their scam ever broke down. It has broken down and BAC is not one of the original boys in the club so they are expendable. Watch and see I have zero inside knowledge, that being said, do you think if cunt tree wide was not a Mama Cass type sandwich that the boys in the club (jpm/gs/citi/wells) would have jumped all over it? They stuck it to the only people who weren't a member of the club left and that was BAC. We are approaching the point of controlled demolition of BAC now, (see stock prices, lawsuits and settlements by states, forced repurchase of fannie/freddie paper), one day to wake up and say BAC has failed, since they were so large and so interconnected in the entire financial system (don't forget they own merrill lynch as well), unprecedented fiscal and monetary stimulus will be required to save our system. So the ponzi and looting continue on that note, End Game Bitchez!
The statement said "guaranteed" - guaranteed by what? Freshly printed IOU's? And what are they going to buy with the IOU's? Most of what we produce is consumed by either the guvmunt, the military complex or by the unemployed on food stamps who were layed of because Wall Street told companies to lay them off so wall Street could have bigger bonuses.
Guaranteed by the goods one must buy all across the world...
As simple as that.
Guaranteed by goods produced by other countries? And what do we produce in exchange for those foreign produced goods? More freshly printed paper IOU's.
The sky is falling...go long sky
Wouldn't I go long space, short sky?
He is being a contrarian.
As the sky falls into our precious bodies of fluids, it'll raise the tides, thus lifting all boats.
Great spin. Becky is all over it.
go long dirt
.......and digital scales
Fed meeting this weekend - inspecting chicken entrails and monitoring the ouija board...
They will have to squeeze this lemon all weekend long to prevent asia and europe tanking the market. (and buying all the metal before anyone else gets up)
Then again they could always...
Cue false flag terror dollar strengthen maneuver in 3.. 2..
Damn that's scary.
http://www.youtube.com/watch?v=a2vLkyCiV04&feature=related
Tom Waits - Whistlin'past the graveyard
.
oouuww haahayyayahay how sss sooup
.. i come in on a night train
with an arm full of box cars
on the wings of a magpie
cross a hooligan night
and i busted up a chifforobe
way out by the cocomo
cooked up a mess a mulligan
got into a fight
CHORUS:
whistlin past the graveyard
steppin' on a crack
me and motherhubbard
drive a one eyed jack
you propably see me sleepin
out by the railroad tracks
well go on and ask the prince of darkness
what about all that smoke
come from the stack?
well sometimes i kill myself a jackal
suck out all the blood
steal myself a stationwagon
drivin' through the mud
CHORUS
i know you seen my headlights
and the honkin' of my horn
i'm callin out my bloodhounds
chase the devil through the corn
last night i chugged the mississippi
now that suckers dry as a bone
i born in a taxi cab
i never goin' home
CHORUS
my eyes have seen the glory
of the draining of the ditch
i only come to baton rouge
i gonna find myself a witch
i'm-ona snatch me up a
couple of em every time it rains
you see a locomotive
probably thinkin' it's a train
CHORUS
what you think is the sunshine
just a twinkle in my eye
now that ring around my finger
come the 4th of july
when i get a little lonesome
a tear falls from my cheek
there's gonna be an ocean in
the middle of the week
CHORUS
i come into town on a night train
an arm full of box cars
on the wings of a magpie
cross a hooligan night
i'm-ona tear me off a rainbow
wear it for a tie
i never told the truth
so i can never tell a lie
CHORUS:
whistlin past the graveyard
steppin on a crack
a mean motherhubbard
drive a one eyed jack.
hay h h y h y h yhh h h aaa
huum hay y ay ay ay!!
heeeehhaaayayayayya.. !!!!!!!
tom waits is the shit
http://www.youtube.com/watch?v=a2vLkyCiV04&feature=related
Tom Waits - Somewhere
.
here the comment section ..
He is Mr. America isn't he?
As an immigrant, I can tell you that Tom Waits, the persona, the voice and the music with its class and its? grit and its sweetness, this was the essence of what America was to us. He represents, Hollywood, Literature and Music all at once. He's Bogart, Hemingway and Elvis....bundled into one.
He is what our country should be exporting, what our politics needs more of. A touch of real, a drop of sincerity.
isinyc 5 months ago 33
Reply
his voice has something :? the power to touch your soul !
mayazusue 1 month ago 3
This is all kabuki theater.
The Rating Agencies are the Banksters' cousins.
You could not have had all that MBS nonsense that facilitated this entire controlled demolition of the US (World) economy WITHOUT the implicit and explicit support and knowledge by, for and between the Banks and the Ratings Agencies. they are working together. There is no independence here, AND the fake government stakeholders - The Bernak, Timmy, etc are all Wall Street hacks anyway.
This is absolutely no different than S&Ls and real estate appraisers in the 1980's, the VC crowd and Bank analysts for the 1990's tech bubble, and the ratings agencies' (un-indicted) games rating pure junk as investment grade to every Tom, Dick and Oswald be they a sovereign pension fund or a Sunday night investment club.
Its a Yahoo Finance Pump & Dump.
The banks know they can squeeze out a few more points out of Uncle Sugar. This is no different than Zimbabwe getting a sour rating from the IMF or third party rater and JPM says; 'Ah shucks. I guess we are going to have to charge you more interest and points for that new loan.'
None of this happened because some freshly minted CFA runs upstairs to his boss's office and says; 'Golly Sir. I just crunched these numbers and I don't get it. The USA is AA+ by these new calculations. I tripled checked them, but numbers don't lie. I guess you are forced to downgrade. Maybe they will get it all fixed by next quarter. Oh Yes. I had some questions about Netflix.'
Its all a fucking joke.
Sounds like the Bernank is choking on his fucking peas. Serves you right.
So who's next? UK or France?
speaking of the efffect of this news on the price of precious metals.
the rest of this post intentionally left blank
Flash ... Federal Government downgrades Standard & Poor’s from standard to poor
but then again all this drivel is just missing the point
that the money system is sour. rotten, not redeemable, tortured
and sick with terminal disease, cancerous, sclerotic and
a dead beat scam living on the memory of fumes. the 1913 scam
is dead. everything that assumes it is viable is also dead to
reality and lives only in the minds of zombies. join the club.
.
here max, once again, tells it like it is.
.
Downgraded
Posted on August 6, 2011 by maxkeiser| 73 Comments
Stacy Summary: As Max has said over and over, the U.S. would be downgraded. And so it begins.
http://maxkeiser.com/2011/08/06/downgraded/
..
market makers making markets from tent cities and assorted starvation,
destruction and death, ongoing.
and how did the rational intelligent university students and
professors brainwash the mind of contemporary intelligentsia to
believe inflation was a good and necessary characteristic of the
economy? by insulating them from it. it is called elitism and usury,
systemic, no way to bring about civilization.
I believe the sharp drops in stock market of last two weeks was caused by mass selling off of foreign central banks and sovereign funds because they tried to get out their dollar positions and into golds. Next week, if selling off continues then US hedge funds must be main sellers, then Dow may goes really low to 10k.
Your 401K is insurance polices for wall street'bonus
The Fed and the rest of our central planner goons seem to have really got us into a catch 22 this time. I'm afraid the confidence game is ending. Our fiat system of paper is crumbling rapidly before our eyes, and when these things go, they can go quickly. Will Saudi continue to take the USD for oil ? I imagine there will have to be a few strong arm phone calls made to keep the oil exporters in line. Doesn't hurt that we have a carrier in the persian gulf.... and we all thought that was for the Iran situation. This thing will get out of control soon, and at some point the "National Security and Emergency Powers" trump cards will be played. Our government is about to have a serious existential crisis and I have no doubt they will do whatever they have to to keep control. We are all about to find out just how much all that power really means to them and to what lengths they will go to keep their empire. Stay strong my brothers, there is a new dawn ahead.
and this is important to think about .
Wednesday, August 3, 2011
Gerald Celente
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/3_Gerald...
So, I wonder if Munger and Buffet direct Moody to join the party or sit down and shut up. Like Sands through rhe hour glass.....
cluck cluck cluck cluck clukaaak......Ooops
cluck cluck cluck cluck clukaaak......Ooops
How to hike rates without hiking rates 101...
and i wonder what this could do to Libor and Shibor next week
or "Markets rally, US default already priced in"
just a guess here but i suspect pm to explode on sunday
evening here in the us of a. if not sunday then by tuesday,
all wild speculation i confess.
So, I wonder if Munger and Buffet direct Moody to join the party or sit down and shut up. Like Sands through rhe hour glass.....
hello and good day to you alll. I hope i do not appear presumtous or a litlle premature in perhaps suggesting this to be an oppotune moment in which to perhaps allocate some of ones amassed fortune in the purchase of shiny metals..
Oh yeah? The world will decide what we're worth here; not these jokers. Money TALKS when money WALKS.
Bernanke and or Geithner have to be jettisoned. If I'm president they would have been gone long ago. This president is beyond help now though and is possibly going to be primaryed.
Hearing rumours that Geithner will be let go and Dallas Fed President Richard W. Fisher will be brought in as next head of Treasury.
They made a political statement... but they are a ratings agency. Hmmm. Just a cover for some other reasons, at best.. can't take it at face value with these guys..
But... a question.. if we put ideology aside for a minute... what should we really be doing -- raising taxes or cutting spending?
I'm surprised the American Bankers Association didn't get in on the act. But, they probably already prepared their statement; "No one could see this coming".
I think it would be a good time for S&P to volunteer a free ratings re-assessment of all the MBS the Fed took off the backs of the TBTF banks at face value. So what if it results in a change from their prior ratings. If Wall Street economists can change their economic outlook every three weeks (i.e., the long term), then I think S&P is entitled to change their view of things too. Maybe then we'll be able to quantify a little better just how insolvent the Fed really is.
This all reminds me of high school. "You get an F Mr. Noble!"
Remember Caddyshack...........I want a hot dog, I want a hamburger, I want a shake......"You'll get NOTHING and like it!" LMAO. I love that part.
By the way I wonder if Al-quida will attack the S&P office monday?
S&P ....Shot & Pissed on...
Anyone else get the feeling that the big three rating agencies are about to get legislation to dismantle them permanently? It has been a long time coming.....they will be taken down now....they done messed with the wrong Nigga! LOL
It's simple Keynesian economics folks: Dollar will fall, Euro will be up, Treasuries prices will drop again as yields go up 50bp, money will flood into stocks, gold, and silver......I bet we see the entire 500 point decline from Thursday erased in no time....Where else are people going to put their money? There is no where else now except the three..
cant wait to see what William is working on with this one. Im sure it will be good.
The fact is, ''they'' are the beast and we are being consumed so their will can be done for their sake and in their image. We have been overcome by evil and the end result is pain and loss.
The moment that asshole, Joe Lieberman, asked the Senate to cut soldiers Social Security so they could defend that request, that was the last straw. How dumb do you have to be at this point? America is long dead and totally corrupt and completely insane. The mission goal is evil and corrupt.
...the Fed will end, by it's own controlled demolition.
Spot on, in a nutshell, the Fed must destroy the dollar or destroy itself. No other options.
How? The FED strength among other things is to monopolize the emission of USDs. So how?
Blah, Blah, Blah. What is the call gentlemen (and women)? Are we going to get a debt rally on Monday or do I need to have some more puts in and cover what is left of these August shorts?
how about the fact that it's all pre-planned, deliberate, orchestrated & people need to be arrested for treason ....... where do we start ? 1913 ? no, those people are all dead . let's start with BUSH 1 & his "a new world order is coming into view.", next, go to CLINTON & ROBERT RUBIN, then, onward to BUSH 2 & HANK PAULSEN, throw in OBAMA & GEITNER into the mix ......... help me, someone, anyone, get my mind wrapped around this ....... where the hell does it all start ? Does it start with us for having elected the criminals ?
Pure craven predators.
You can indeed [probably] depend on the predators to credit your account with some nice new utterly worthless virtual dollar-units as promised.
However, since the exchange rate for dollar-units versus any real physical good will drop to zero over the next few years, you are being totally screwed.
So the predators-that-be have made themselves totally clear. It is their position that they will always be happy to give you worthless virtual brownie-point units in exchange for the real, physical goods you produce.
Isn't that special?
NOT.
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