[Zakeet]

the ulcer I got reading it, I’m afraid.

And now you know why banks have been accumulating cash rather than making loans.

An interesting issue not addressed in the article is the question of what happens when the Fed ceases printing massive amounts of money through quantitative easing.

In this case, interest rates soar, Treasury prices crash, the TBTF banks have to pony up tens (possibly hundreds) of billions in new cover. Meanwhile, precious metal prices increase several hundred times ... at the exact time when the TBTF idiots have shorted tens of thousands of PM contracts in order to manipulate the PM price down in order to postpone the day of reckoning for their past PM manipulation schemes.

Can the Fed even print enough specie to clean up this mess without triggering a complete dollar collapse? Anybody on this forum still dumb enough to buy Citi, BoA, Wells, or the JP Morgue?

Stay tuned sports fans. This drama is getting more interesting by the minute.

[JustTheTruth]

What this means is that the G14 banks will have to start buying massive quantities of US Treasuries. The Fed won't stop buying Treasuries, they will still convert hundreds of billions of dollars per year from mortgages into Treasuries to keep a level liability balance. Voila; QE3 without having to announce QE3...

Always remember: the Fed is totally about propping up the big insolvent banks with their phony asset balances. However, the Fed just hides behind a false facade of acting in the national interests. Watch what they do; pay little attention to what they say is their motivation. Currently, they "must" prop up certain asset classes so that their Bank masters don't get wiped out from a huge collapse in their derivatives exposure.

Just another form of stealth financial repression of the masses by the financial and federal fascist elites.

[OpusatFR]

The plain fact is that a lot of greedy people manipulated the system and it is going to crash.

There is no way out of this. The pity is that it should have happened three years ago and by now, the damage would be on its way to recovery.

Now, we have a crisis coming that will be long, hard, unendurable, and many more are going to be lost without any way to turn.

Oh, except for our politicians, the financial class, and a select bunch of banks, lobbyists and friends of Barney and Dodd.