We'll have money to burn!
Nut-job Conspiracy Theory Ping!
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Posted on 11/12/2014 6:26:38 AM PST by blam
Tyler Durden
11/11/2014
A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE - the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier, what lingers in the air of “post-taper” time is an absence of absence. For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair, Janet Yellen, has failed to point this out in any of her speeches about the labor force, inflation, or inequality.
The financial system has failed and remains a threat to us all. Only cheap money and the artificial inflation of asset values can make it appear temporarily healthy. Yet, the Fed (and the Obama Administration) continue to perpetuate the illusion that making the cost of (printed) money zero by any means has had a positive effect on the population at large, when in fact, all that has occurred is a pass-the-debt-ponzi-scheme co-engineered by the Fed and big US bank beneficiaries. That debt, caught in the crossfires of this central-private bank arrangement, is still doing nothing for American citizens or the broader national or global economy.
The Fed is already the largest hedge fund in the world, with a book of $4.5 trillion of assets. These will plummet in value if rates rise. Cue the banks that are gearing up their own (still small in comparison, but give them time) role in this big bamboozle.
(snip)
(Excerpt) Read more at zerohedge.com ...
Don’t worry, the US is too big to fail.
In before people post that my ‘hedges’ against this won’t save me! :)
The economy is a castle built on sand. It will fall into the sea, eventually. In thirty six months maximum, we will begin to find out how those born in the 1890-1930 time frame survived.
It was said long ago that the real intentional purpose of the Fed in its means of currency and interest rate manipulation was to tie together the interests of the major banks with the interests of the leaders in the political class.
Long ago the private major banks were headed by true capitalists. With the establishment of the Federal Reserve they have become the biggest crony capitalists on the planet.
We'll have money to burn!
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Headline Translation for the Savvy Investor: Buy More on the Dips. Perhaps at 20k Dow it will pause.
And the massive failure has been forecast for the last 15 years. Even 2008 didn’t succeed really in bringing values of equities back to sober reality.
“Too big to fail”?
or,
“The bigger they are the harder they fall”...
Why isn’t Jon Corzine in the federal penitentiary?
Just have to give it time. It seems that now the Fed is backchanneling funds to the big banks to buy those treasuries. We now have a statist banking system and people like Obama are just tools although Obama has his own agenda that sometimes conflicts with his duties to the big banks. Between Obama's destruction of parts of the economy and the Fed's pouring money into big banks to prop it up, there will have to be a very ugly day of reckoning.
LOL - good one palmer.
You make a great point.
My sainted mother reminded me often how proud she was that her father had worked one day a week during the Depression. (30s).
Her mother never turned down a hobo who would knock at the door for food. She took in wash, mending, and boarders.
They lived in a little clapboard house on a hill, not far fron a railway station.
I have come to believe that this is O’s plan all along
My grandmother raised 8 children without a father who died when the oldest was 16. She cooked at a ranch house breakfast and stock soups, was postmaster and taught school. My Mother and those old enough were “farmed out”. My mom cooked and served dinner at the same ranch house, cleaning on weekends. My dad worked at a dairy farm, and made more than his father, because his dad was deemed too old. The Depression was great...lol. But they had family and were happy.
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