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POMO For The Rest Of Us - A Zero Hedge Initiative
Now that talk of NEW QE is once again all the rage, and with the FOMC's June meeting in less than a month, and since there is nothing that anyone can do, short of a revolution to prevent this (with half the country obese, and the other half hypnotized by the Kardashians or on disability, that ain't happening), it only makes sense to join them since we can't beat them. Which is why we are officially launching the "POMO For The Rest Of Us" initiative. Beginning today, we will collate readers' ideas based on twitter posts with the #POMOList hashtag, which we naturally suggest be addressed to the @FederalReserve twitter account as we wouldn't want the good central planners at the Fed to be unaware of what the general population demands be monetized in the next imminent iteration of an utterly idiotic activity which does absolutely the same as every year before, while hoping for a different result.
Below we have incorporated a widget that will track in real time and capture all tweets addressing the @FederalReserve and/or discussing the #POMOList subject. Once we have collected a large and creative enough list, we will submit it to the Fed (we may even retain Morgan Stanley's services to bring "legitimacy" to our venture), because as the recent FaceBook IPO debacle has shown, the central planners are quite concerned that the retail investor should also have some skin in the manipulated game. We believe it makes sense to extend this to Quantitative Easing as well.
So while the Fed has a green light to dedicate about $800 billion of the roughly $1 trillion or so in new money to be printed any second, it is only fair that $200 billion, or roughly the Facebook retail allocation, be dedicated to the demands of the general public. Please use this chance to be heard on twitter, and to tell the Fed just what assets you would like Brian Sack's replacement to be buying with reckless abandon in this country's closing hours.
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Perhaps instead of Permanent (no kidding) Open Market Operations (http://www.newyorkfed.org/markets/pomo/display/index.cfm) we could call ours Peoples Open Market Operations...
..or something better you come up with.
Federal Realtime Asset Upholding Directive
http://www.sandiego6.com/news/local/San-Diego-Unified-Approves-More-Than...
loooooooooooooooooooooool
FIRST
The airing of grievances
THEN
The feats of strength
QE is only for banker bonuses and food stamps. Everyone else is expected to bend over and pay for it - and be happy for the opportunity.
Though I realize I'm probably wrong - I don't think Ben can print now, short of the EU imploding. We'll see soon enough.
Dear Mr Pomo ,
My FaceBook play didn't work out as well as I planned . The option chain that I could have shorted the shit out of this piece ofcrap won't be available until May 29th . Please credit my account with the zillion or so I'm out of pocket . Thanks in advance .
BDC
LOL POMO for the rest of us. makes as much sense as Phil Gramm photocopying his read end and using his rear end as an investment vehicle squared. Two butt cheeks.
You crack me up.
About time we did a raid, these bastards need a reminder.
Please monetize all anonymous IOUs submitted on 3"x5" index cards to any bank.
Ben: No problem. Done deal.
UPDATE: Congress passes 10,000% tax on 3x5 index cards effective immediately.
For the first time in my life, I am considering opening a Twitter account.
Just created one and there staring me in the face were ex work colleagues. Who owns twitter again? They got your contacts already.
Dear Fed:
could you please Pomo enough bulldozers to level all these empty houses and factories that were once the foundation of this formally great country you destroyed.
Let's think: what asset do we peasants have that is now objectively overpriced yet is something the Fed and Gov't. believe to be so essential as risk assets that we should borrow even more using them as collateral.
My precious metals mining stocks...I want them POMO'ed at last September's prices.
All the appliances, cars, TVs and quad bikes, motorhomes and stuff for which we recently binged on credit.
Marriage expenses, so that we can increase the debt-serf population earlier...
RT link: http://twitter.com/#!/search/realtime/%23POMOList
If the Fed had monetized sock puppets back in 1999, we wouldn't have all the economic problems we are now experiencing. Everyone knows socks are a dwindling commodity, especially when you're doing laundry.
Just got home ..How is that Faceplant IPO doing?
Me no tweet , Me no Faceplant, Zerohedge Yes :>)
Never mind.
Dear Uncle Ben, I would like the Federal Reserve to fund my Hedge Fund; The Corzine-TimberWolf Capital Velocity Fund will target diverse lucrative opportunities in overcapitalized client accounts & redistribute these funds via a quantum effect best known as 'vaporization' - the redistribution will assist clients in NOLs in order to mitigate tax liabilities as well as massively stimulate the 'consumer discretionary' sector notwithstanding assisting the Federal Reserve with an exit strategy to absorb excess liquidity from the monetary system.
I am shoving my benny bux in danger fund 2 ovre at Tinderbox Capital:
http://longorshortcapital.com/dangerous-fund-ii.htm
From the prospectus, To Wit:
Tinderbox Spokesman Johnny Debacle:
“The investment management universe is inefficient at providing risk. We find this to be the case because the investment management universe is structurally obsessed with return. Our last fund, Dangerous Fund I has performed very well, we think, losing so much money and doing so in such complicated fashion that it’s been difficult for us to calculate just how much it’s lost (rest assured, investors, you lost a lot and did so very riskily), so difficult that we may have just given up and started focusing on launching our new product, Dangerous Fund II. As an aside, our lifestyles are incredibly expensive, so expect the cadence of new products to increase and the quality of our management of old products to necessarily decrease. New products are where we make money, old products are where we cash our checks."
Classic! Upon Federal Reserve Funding - I will fund source the Tinderbox Capital Danger Fund 2 as a HEDGING STRATEGY under the shell company entitled Ahab & other famous OCD characters, Inc. -
Helicopter drop @ME
Old wigs, runny lingerie, one shoe with a missing heel...
The hat has to be worth a few billion.
it goes very nicely with the great salon-tan look of her skin, too
When does the Airing of the Grievances begin??
Dear Ben,
A doctor once told me that the value of my re- usable parts is 200,000.00. Could you just send half that amount to get me thru to my end. I promise i will use my penis enlarger every day so you can claim my best part for yourself when i've passed on.
They will beat themselves, so I'm not interested in joining them. I'm torn between hunkering down with my weapons and ammo or renewing my Irish citizenship and heading off to the west of Ireland. Ideally, I liked to do both...... but soros is watching.
Dear Binny,
I'd love to help out, no effort needed on your part, just send me a set of plates and some paper.
Leave Benny alone!
Seriously though, leave him alone and let him do his job, I want my PM to appreciate more.
It is Christmas in June! Santa runs the Fed!
EN MASSE, maxing out of Chase credit cards on physical assets, real estate, PMs, shorting of JPM stock, etc. then DEFAULT on that fucker. The more, faster, higher, the better. This about it as a DDOS attack on the real world lol!
we've been saying this for years monetize directly to the public, which i started as the Free Gas for Everybody Party. if you subsidize energy consumer spending goes up, tax revenues, and business revenue, you monetize the banks and a few assholes get rich. actually dr bernanke has an idea (if only congress would let him!!) just throw money from helicopters without regard to who picks it up. lets change the name to Monetize for Everyone Party!!
Through trial and error they found that wasn't working with the housing bubble. The idea is to finance government debt without creating high inflation. Remember $150 oil at the peak of the housing bubble? Maybe if you kindly asked the FED for some debt and promised to hold their paper for 20 years they could work out a deal?
I am confident that they would put some pallets of debt on the back of your truck if you ask the right questions and give the right answers. They are well aware that this debt business isn't for just anybody.
Yeah, throw money out the back of a helicopter, my ass.
Buy gold. Better yet, just give it to the big banks then buy it back from them. It can even be gold plated silver or tungsten, whatever, just buy it up.
LIVE NEWS FEED: QE in action
http://img.ffffound.com/static-data/assets/6/64290be4c3208812ae944b2ca03...
DROP MONEY FROM HELICOPTERS!
Yes, it is completely insane, but it is insane in a halfway balanced way (which is to say, everyone gets in on the insanity - national asylum yay!). DO IT BEN!
You see, it's a bit like printing money, and giving it away for free, to throw a festival in every non-minor city: The whole economy will be (nominally at least) stimulated, all across the board from consumers to .... err... importers (what, domestic producers? are you kidding me?).
Of course, there is the problem that it will not primarily "recapitalize" (read: free money!) megabanks..... as well as the russel.... so i guess, that vetoes it....
Too bad, it temporarily would actually make the majority happy, and even let you "monetize" whatever pupp... sorry, president you want to elect next. Heck, people may for a short timespan actually cheerish the FED.... just before they become sober again, and look at the results. Then again, the results won't look worse than any other monetization spree, so maybe there out of conditioning will be no hangover at all.
How cool is that? Drink yourself into coma with no hangover?
Hell, I would rather work for my coin any day of the week, but by the time the regulators are done regulating there aint much left if you have your own business and by the time you realize this you be too old for anyone to want to hire you as wrinkles and white hair, if you be lucky enough to have any hair left, are so out of style.
So what is left?
I think I am going to apply for a job as a judge, make an easy quarter of a million a year, great pension and instant respect because I can throw people into jail and make or break patent disputes.
Other than that, the abbreviation SOL is appropriate.
EAT YOUR PEAS....Obama lied A COUNTRY DIED... WEEEEEEEEEEEEEEEEEE weeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
I don't want to become a TwitterTwat - so I am opting out of this effort. Best of luck. Tally-ho and all that rot.
I'd like to see a free money, Fed-sponsored buyout of US governments at every level (via a CGO?) by the people of the US to regain control from those who currently own them.
200 billion, take all the fuel rods in Fukushima and move them to the open on Wall Street and the Beltway, Beautify the world.
I would like a time machine to go back to 1970 and see Emerson Lake and Palmer live at the Isle of Wight festival. They cut that portion of the show to fucking pieces on the original taping
Oh, what a lucky man you would be.
I'm about as plugged in as I'm gonna get. It's a good pitch, but but I'd rater send a psychic sunami than a tweet. Grrrrrrrrrrr...... that was me thinking hard.
When I say things like "fuck the US gov't".........what I really mean is fuck the bastards who have hijacked our gov't. Every fucking one of them need to be in prison.........or worse.
So in other words.......ZH is expecting QEwhatever in June? Technically speaking the markets are due for a breakdown buy the end of next week, SPY 135 area give or take a point being the top, so it would make sense. I've said this before...........why waste gazillions letting it drop to very low #'s before QE3? Politcally toxic? MOFO please.......people already hate these bastards you think they give a fuck?
Drunken random thought of the evening after several shots of Absolut: what if the idea we all have of the USA trying to take over the world is a big farce. What if someone with the all the fkn $ are going to be the world rulers? Can you say China? I mean really......when was the last time China was part of the "axis of evil"?
My first paragraph was based on fact, as per my t/a understanding. The 2nd was pure alcohol induced conjecture. And with that I think ill have another.
"...you think they give a fuck?"
No, they don't.
They are (pathologically) incapable of such a thing.
"And with that I think ill have another."
How 'bout a toast to Ron Paul, then... he deserves one.
Good deal, even if Paul doesn't win the word is getting out. People know what these bastards are up to.
I don't Twitter, but I'm thinking before it all ends, Ben should hook us up with hookers and blow for old times sake.
Oh and btw...........it's a likely scenario the big boys fucked all the weak hands out of FB. So for all you "im going to short FB" fans.........watch your ass. They fucked the investors and now it's very likely you'll get fucked as well.
You have 4 fucking candlesticks to base this call off of. You take it your a fucking idiot. It's 50/50 at best.
Why not monetize oxygen to increase the value of air, which will then offset its thinning as the result of FED fiat printing? Win win!
Because O2 isn't needed to create digital zero's. I've heard stories about things such as Ben telling AIG "oh just add zero's to your balances and we'll worry about it later".
If the Feds were really printing there won't be a tree left on planet Earth in 2 months.
Paper or digital, it's still printed out of thin air.
POMOFestivus!
http://humblestudent777.blogspot.com/
Sweet!
#POMOList Battles to the death where the winner keeps $100k...only 65 and over may apply.
Could we set up Bank of Zerohedge, create money out of thin air, lend millions of dollars to ZH subsribers and let the Fed buy the loan claims?
O/T everyone knew the China PPI Mfg. # was coming in soft! China has " LEARNT" well from Helicopter Ben!
Sell the hopium/buy the fact, ( or is that buy the HOPIUM)? There goes those [RRR] and rate adjustments, from the PBOC. <>
Tyler--i rate this MORE THAN AWESOME!!! Will you please dedicate a place on your wall for the live feed--sorry, i like the posts a little too much!!!
i'm putting one on my ceiling...
this IS really ***, tho, especially to a luddite like myself
you rate well...
Not on twatter so put this up if you feel like it:
Free, compulsory castration/sterilization for every single bastard working for the federal government. Use hammers on TSA.