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Here Is The Real Biggest News Out Of The FOMC Today
The biggest FOMC news released today was not the December minutes - there was absolutely no surprise there. The biggest news, by far, is that as we wrote a few weeks ago, the composition of the FOMC voting members changes drastically as of January 1, with Hawks Fisher, Kocherlakota and Plosser now out of the voting rotation, and replacing them will be the gaggle of ferocious doves Pianalto, Lockhart and Williams. In fact the only hawk left in the Fed as of today through the end of the year is Richmond Fed's Jeffrey Lacker who has shown substantial dovishness in the past. In other words, from a rotation of 7 and 3, the Fed is now uber-dovish by a 9 to 1 majority. So does this mean that printing is imminent? Stay tuned and find out in 3 short weeks: the January FOMC statement comes out on January 25. The only good news: Charles "the fire hydrant" Evans is finally out.
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ha nice my puppy, i was just about to do the same. direct link at http://polldaddy.com/poll/5809156/ RP is 4% in the lead so far, over 100,000 votes cast.
Did you know Dick Santorum took his dead stillborn baby home for two days to show his other children?
Alan Colmes, Fox News Contributor, Criticizes Rick Santorum For 'Crazy' Behavior, Then Apologizes (VIDEO)
http://www.huffingtonpost.com/2012/01/03/alan-colmes-fox-news-rick-santorum_n_1180679.html
How about this threat I'm making;
Vote for Ron Paul or 100% guaranteed you get Obama another 4 years, then maybe Rand Paul in 2016.
That's your choice period, over, end of story. You don't like it? Tuff shit, cause that's what you are going to get. Suck it up.
The power of the Paul crew continues to grow. The people can now feel what it feels like to have that kind of political power coursing through their veins right now.
Today we get to see how much the power of the MSM has been diminished by the Inertubes.
It's a bad sign when Bernank is tied for #3 most hawkish amongst voting members!
This is the REAL reason for the surge in the paper price of PMs today. Buy early for what you KNOW is soon coming.
Winds of change are a'coming
http://www.youtube.com/watch?v=q4iDurCE3Yk&feature=related
FLASH !!! RON PAUL Takes Iowa ???
WOW>>>>>>>>>>>>>
DRUDGE CAUCUSES OPEN NOW
PAUL 29% ROMNEY 25% SANTORUM 18%
Fitting that the process for selecting a US President should start in a state called:
I OWE A [as is - insert blank here]
Kinda Make One Wonder...
The only way out of this Gov't Debt Debacle is to Keep Taxing all the DEAD PEOPLE .?.
If you look on Drudge there is a section off to the left.
Iowa drudge readers -- 32%
Another poll on politico.com has Ron Paul Iowa @ 41% (you have to scroll way down and look on the bottom right) based on 4,500 votets cast.
Scorpions - Wind Of Change (Original Version)
http://www.youtube.com/watch?v=5KcRl1p2waM
here's a question who determines the rotation and how do you get a fed head job?
Dude this empire is toast by 2018, at the latest. Then we get the heavy dose of fascism, and or revolt if we are lucky. Let the muther fuckers print.
2016 = Hillary Clinton gets elected (if America lasts that long).
Repubicans still have less than nothing to offer anyone but the rich.
I call it like I see it.
OK, I voted 42 times for RP at Drudge. Re-hypothecating my vote. Seems to work nicely. See the Squid be the Squid.
Vote early... Vote often!
Horse shit! I tried to vote twice just to see, as I understand the argument you put forth was bound to come up, and I all I got was -
Thank you, we have already counted your vote. MICHELLE BACHMANN 3.51% (7,768 votes)HERMAN CAIN 3.28% (7,262 votes)
NEWT GINGRICH 12.45% (27,575 votes)
JON HUNTSMAN 2.81% (6,231 votes)
RON PAUL 30.15% (66,797 votes)
RICK PERRY 5.39% (11,947 votes)
MITT ROMNEY 24.93% (55,217 votes)
RICK SANTORUM 17.48% (38,721 votes)
Total Votes: 221,518 Return To PollShare This
Well in any case... That's already DOUBLE the expected vote count in Iowa (where it is estimated that 120,000 ballots will be cast)...
Cain? WTF might as well put Dean Cain up there...
I prefer Abel.
We dont need to recast our internet votes guys, please understand this goes against what were working on for RP and for good Ol America.
The numbers will tell themselves, just post the links to the vote poll sites etc and let it work it on its own.
This is one of the reasons the pundits constantly slam internet polling because some folks do this.
Its also one of the reasons they get rid of polls and or remove half the internet votes anyhow..
RP has the internet, other canditates do not. dont worry the numbers will show the hype
Does it really matter?
We already know what the clowns have to do.
Agree, this is a just a musical rotation of douche bags. Nothing to see here. At EOD if Dimon/Blankfein say "print", Bernocchio prints. Everything else is a distraction. RP 2012
This is all an effort to maintain the idea that there's many different positions being defended over time (tide goes in, tide goes out), when it's really just another flavor of directed history.
Has all of the drama of professional wrestling, just without the folding chairs. I tell ya though, just once, I'd like to have seen Hoenig sneak up behind Bernank at a podium and take him down with a chair. THEN, perhaps I'd believe their storyline...
Great! Please DO print, FED, and print heavily as the faster and more you do print more fake fiat currency, the faster the total implosion comes!
OK.
Oh no, Dog. You seem to have forgotten "the January effect." Alone, it could lift the indicies 20%. Collapse? No no...lift-a-thon!
Another total and complete bullshit "catalyst" for stocks...you know, after this year's "Santa rally."
Price it in! Price it ALL in! Nevermind theyve already priced everything in at least 10 times...all is well!
The higher it goes, the more vertiginous the fall.
Let the pigeons loose!
PC LOAD LETTER
SPX at 1280 and they print? You must be kidding.
Got to hype the BS 'QE comin at any minute!' nonsense....after all, people believed it all LAST year so why not this year too? People are idiots, theyll believe anything.
Why is Bernanke at a 1? He is so dovish he makes doves cry.
Game, blouses.
Care for some pancakes and grapes? Bitchez...
Maybe he's just like his father, too bold?
+1 for making me spit out my afternoon coffee and messing my monitors...
Maybe his problem that his mother's never satisfied?
Oh I'll go ahead & say it...
"Why do we scream at each other"?
1350 by 1/25/12 in anticipation
Why not by todays close?
The Fed is on life support due to the pogrom of PRINT! RON PAUL 2012! Silver Dagger to the printing press!
OT Politico has a poll, bottom right for who will win etc caucus etc, ya all know the drill..
http://www.politico.com/index.html
Okay! Also vote at drudgereport.com. Thanks!
They are already printing...you don´t need a meeting to say or do that...and we will never know who got the money or how much.....MF Global where are you?????
exactly, how do you think BofA stock has been surviving? how do you think europe is surviving..they've been stealth printing for a while now. not a suprise
stealth printing my arse commodiities across the board dropped from their 2011 highs as the year came to an end. gold doesnt drop from 1900 to 1600, silver doesnt drop from 49 to 27, the rogers indices for agricultural prices and total commodities dont drop over 20 percent from highs if there is relentless printing.
then explain it to me why this happened then if you could. (not sarcasm) actually just curious.
printing not imminent. ben wont play with fire before elections. ben doesnt need oil at $200, especially if iran tensions continue to simmer, and he doesnt need a flare up in food prices again. stocks are flying high, inflation is tame, everybody is happy-- bond holders, 401kers, iraers, welfare receipients......NO CHANCE he prints before elections.................
Yep....but theyre only too happy to let the neandersheeple keep on believing any minute theyll be showered with magical new dollars. Works every time...man people are dumb!
Reminds me of me when I grew up on a cattle ranch and we'd have to paint white lines across the ground at the gates....cows wont cross it...I didnt believe it till I saw it but its true.
Why would they print? Officially, the shit isn't shit and the smell doesn't smell!
Sorry but i dont expect any printing process till a real sell off appears.
I said this in August:
http://www.zerohedge.com/news/minneapolis-feds-kocherlakota-down-two-dis...
I mentioned the dissenters will no longer be voting members at the end of December
What are those open lines of Credit for European banks then if its not printing....those overnight lending facilities...??? Its all printing but using a different name
A man who sees the forest from the trees...
Or...(spoken differently)... If they PRINT in the forest & nobody hears the whirring of the presses, is there actually a sound?
Why those lines are sterile*. Just ask them.
*So is piss, BTW.
Drudge Caucuses on NOW!!! RP leads with 29%+. Vote here: http://drudgereport.com/
"...does this mean that printing is imminent?"
Market says.... YES!!
"...does this mean that printing is imminent?"
My guess is that the OVER/UNDER on how many times that question is asked in 2012 will be 13...
Bernanke is -4.
S&P to release EU downgrades on or before Jan 5th.
That could be the itty, bitty mouse fart that starts the house of cards tumbling!
Bernanke is somehow buying EU debt and US debt and not showing it on his books. Printing officially with $102 WTI crude is suicide. Somehow soon the Feds secretive monetary QE creation and propping up the EU by buying their worthless debt is going to go mainstream and gold and silver will go ballastic and the Dollar will tumble 20%-40% overnight.
I don't think QE is a given no matter how much they talk about it. Jawboning the market higher is the easiest thing for the Fed to do without increasing the balance sheet through more QE. We shall see though whether Chairsatan Bernanke is ready to jump out of the helicopter without a parachute shortly.
Crude was up 140% after QEII. Do you really think Benflation will even consider the implacations of $150 oil again? Lulz. See you at the bottom.
Wake up idiots, the printing has never stopped.
True, but misleading. Those here are not idiots, and are aware of the massive surge in "Other accounts" usage the size of all of QE2, the $100B in FX swaps, the implicit ownership of the ECB as a subsidiary ponz, then that subsidiary printing 1.084 Trillion in short order though the combined LTRO and SMP monetary expansion conduits...
We do get that. Thank you.
However,
ANNOUNCED expansion is different than silent or shadow printing, QE1 & 2 were deliberate in setting expectations.
Suggest: Deflation and Libery by Jorg Guido Hulsmann
When the people expect deflation (and why shouldn't they!), they think they can manage price inflation, with multiple pots on the stove it is (thought to be) possible to ride (a lot longer than you think) the "business cycle effect" while re-capitalizing the banking system whose very stability means the viability of the whole scam.
A total catastrophe of the currency system involved may be closer in time frame to what veterans Rogers and Faber think, should nothing change.
I do not think S&P downgrades will mean a thing. You might get a day or two down but no serious damage. The MSN and banksters have all ready been working overtime to discredit the S&P, Moodys and Fitch by mocking their actions during the housing bust. They are poisoning the well in regards to the ratings agencies. How have the previous downgrades effected the situation? They have not except for a couple of down days then back to risk on. It will take a country defaulting, a couple of banks blowing up or some other event that will put some real fear in the market.
Of course will mean that all institutional, pension, hedge, mutual funds that holds AAA French,Austrian,German Bonds will have to sell that paper , cos their mandate doesnt allow to hold non AAA assets.
That will mean a big outflow in EURUSD and of course in Commodities.
You don't think they will just ignore their mandates under pressure from government to keep holding and then be absolved of wrongdoing by government? Hypothetically, BofA slipping below $5 was going to trigger a massive sell off due to the same thing, but it never happened.
oil 103.04
EURUSD 1.3056
oil in Euros 78.92¡¡¡¡¡¡¡¡¡¡ lol
-Each time oil in euros gets above 80, a sell off comes in less than 1 rolling week.
SUPER Bullish¡:)
The Fed and the Reagan team joined forces 30 years ago to re-live and re-do the 1920s successfully. Regan was a child of the 1910s and 1920s and came of age during the Depression and Roosevelt administration. Although he was initially for the New Deal, he then turned against it in the 1950s and made that the basis of his political career. He was a match made in heaven for the supply-siders in Congress and politics like Jack Kemp who were inspired by the divine light of the Chicago School of economics led by Milton Friedman. Because although essentially Keynesian they professed to "know" how the Great Depression could have been prevented by the Hoover administration and its Fed: through massive expansionary monetary policy channelled through the banks and Wall Street. This dovetailed with supply-side which professed that allowing the top stratum of society to get richer and accumulate capital rapidly would trickle down to the middle class.
Well we had a boom lasting 2 decades that was prolonged by the geopolitical gains from the collapse of Soviet Russia (70 years in the making...did you know that we had troops on the ground in Russia in the 1920s?). But we learned nothing at all. The Fed was not successful in "preventing" the ensuing depression and arguably has committed the country and world to a prolonged winter that could have been made shorter by a reset. And to top it, geopolitical gains are now going in reverse because of the inflationary impact of Fed policy. Five years after the top of the boom (which is where we are now) during the Great Depression, GDP growth was booming at double digit rates which were sustained for 4 years in a row. The stage was set for America's industrial and engineering might to shine during the war, not just as a result of the war. Now nearly 5 years after the top we have an economy in shambles, except for shopping and watching TV
GDP is a crock of shit, invented by keynsians to bamboozle the sheep with bullshit. Sheep that have been bamboolzed with bullshit are much easier to fuck in the ass.
Trust me i'm a farm boy.
Would agree, printing has continued. Oil and the rest oif the commodities should be rising in US dollars. The plan is to continue flooding the world with US dollars. Other countries need to back away from US dollars. The world needs to drain the US dollar cespool.
Trouble is there are trillions in Euro, Petro and Sino-dollars in the hands of people all over.
Plosser, the diet coke of evil, just one calorie, not evil enough:
http://www.youtube.com/watch?v=w27meg0YfEU
Doves and Hawks makes sense when talking about military matters.
What does it mean here?
Where is the explanation for all the asterisks?
I love the smell of fresh printer ink in 2012. Makes my precious metals shine.
This is what should concern you: "The 2012 Bond bill [$$$] Re`demption's - Coupon Payment"
Japan/US___peanuts [~$3tn-$117bn/ ~$2.8tn-$212bn]
Italy/France /Germany [$428bn-$72bn/ $367bn-$54bn/ $285bn-$45bn]
Canada/ Brazil/ UK [$221bn-$14bn*/ $169bn-$31bn/$165bn-$67bn**]
China/ India/ Russia [$112bn-$41bn/ $57bn-$39bn/$13bn-$9bn]
'respectfully' yours
Like the Star Trek episode "The Day of the Dove(s)"
Ron paul will rotate them all into a trash can.
thank you ZH ... for information most seem to have missed ... which is surprising considering how much atttention the Fed Watchers give the FRS. We shall see if they go long dovish .... it is an election year .....