Posted on 03/09/2011 12:27:54 PM PST by gregd0180
Sold down the river by a bunch of power hungry money grubbing gangsters. They will be sitting soiling themselves in their adult diapers in a nursing home somewhere someday and our kids will be picking up the ball and chain to pay for the mess these elites made for them. What kind of future is that for the coming American generations?
These guys are playing some sort of 3D Chess game...
This on the heels of the Carl Icahn announcement.
ping
This on the heels of the Carl Icahn announcement.
any comments re the change in Fed accounting rules relating that prevent it ever becoming insolvent? S Saville sees this as anticipating continued monetisation. I think there the provision makes more sense in the opposite case...ie falling bond prices as a result of cessation of QE
Alrighty then. Just sent it to the Knower of All Things Financial, aka the Father in Law, we shall see what his take is : /
BTTT
May God give us strength.
Tatt
“The canary just died.”
Got that right.
Could you please repeat that?
What is Gross doing with all the other Pimco Funds that hold U.S.A. Treasuries. He mentions only Total Return.
My hunch? He sold Total Return's treasuries to the other Pimco Funds, or traded them for equities so Total Return's treasuries didn't take a hit on the open market.
yitbos
seems to be that tradin bonds for dollars aint real bright unless youre sure that the next wave from helicopter ben has been stifled...
It seems odd to me, too, although I am no trader. But just on the face of it, it seems someone’s not as concerned about dollar devaluation as I am.
It’s an ex-canary, it is definitely deceased. The only reason it hadn’t fallen off it’s perch is because it had been TARP’d there.
It's clear the big boys are expecting a major debt deflation when the Fed turns off the spigot...and it's clear they believe that spigot is being shut.
As I've been say for over a year now: Buy and hold cash, in the bank, under your mattress and in your gun safe.
It should be your only investment above the necessities of survival.
getting the hell out of dodge Ping
When Bernake is forced to pull the plug on the funny money, the parasites on Wall St. will abandon ship as fast as possible. Last one holding the bag gets a major whacking. Gross converted to cash most likely for two reasons:
1) He knows interest rates are going to soar in order to pull in outside investors to buy our debt once the FED quits monetizing it and didn’t want his current bonds to get squashed.
2) He knows without the billions/month of FED market buying that he can get in much cheaper once the market has free fallen to its real value representing the real economy not the fake ponzi scheme economy.
Either way, for him to do this means it is about to hit the fan soon.
The prognosis for the economy is the same as my dad’s before he died: “yes, he’s doing fine for an 85 year old with congestive heart and kidney failure.”
Seeing that both Gross and Icahn are making these moves leads me to believe we are getting close to something morbid.
Would someone kindly translate this into english and advise?
I was hoping the same thing. I don’t know what to make of all of this and am hoping some kind FReeper will lay it all out for the rest of us.
The game of musical chairs is about to end. Hyperinflation, the collapse of the dollar, food riots, and other miseries are soon to arrive.
What I’ve gather from the good FReepers is that faith in the economy is rapidly draining and things aren’t looking too good. Prices may start going up drastically and people are going to be upset about it.
We’ll have to wait and see what happens. A lot of FReepers think you should prepare for hard times.
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