
Good Grief... Another Round of Stimulus!
• dailybell.comThe Federal Reserve will do what needs to be done.
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The Federal Reserve will do what needs to be done.
If you look closely at the chart you can see there is an enormous ramp in the required roll-over of 2 year notes starting in February 2011, and running thru September 2011.
The Federal Reserve spent the past 3 decades getting inflation low and keeping it there. But as the US economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching lifting inflation above the Fed's i
The "when" is now clear. It is right after the mid term elections. In recent days, the Fed chairman Ben Bernanke has told us so. So has NY Fed president William Dudley, Chicago Fed president Charles Evans and the head of trading at the NY...
Chart is the SPX, white line is the dollar by comparison. That's where the ramp the last month has come from. That's an overt currency devaluation - 7%.
"Are today's monopoly oligarchs of the same blood-thirsty tribe of thieves as were the money-changers Jesus whipped out of the Temple?"
Almost by definition, unsustainable trajectories of deficits and debts will never actually transpire, because creditors would never be willing to lend to a country in which the fiscal debt relative to the national income is rising without limit. Ben
Idaho State Rep. Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public for any purpose including paying State taxes.
There is a slow motion “run on the dollar” taking place. It is popping up in the big money centers and the small. The markets are all orderly so there is no sense of panic. But there is a non-stop movement out of dollars.
Are you ready for rampant inflation? Well, unfortunately it looks like it might be headed our way. The U.S. monetary base has absolutely exploded over the last couple of years, and all that money is starting to filter through into the hands of...
When even cool, calm and collected pundits like Jim Grant fall into murderous paroxysm of blind rage when discussing the Fed, you know it is only a matter of time before the world's most destructive organization is eliminated.
Bill Fleckenstein: "In the end, the Fed as we know it will be abolished and we'll go on to some other standard, where a group of men and women behind closed doors can't repeat the mistakes every single committee that was in the USSR...
The perfectly inverse trade of dollar vs gold continues to reach new extremes. Earlier today, spot gold just hit a fresh all time high of $1,317, once again proving that all that inflection point chasers really have no idea what they are talking abou
Or to put it another way, the US gained ground in the global competitive currency devaluation war.
To the outside world, the Federal Reserve is an impenetrable fortress. But former employees and big investors are privy to some of it secrets -- and that access can be lucrative. (Hmm, isn't this insider trading?)
Another "Dog Bites Man" story of the blindingly obvious. The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at
Who would'a thunk? Fed Reserve and Inside Trading? Membership has its privileges.
From Bloomberg, note the recent peak in June (88.4), to today (78.69).
The market is up 1/4%, but your actual purchasing power has dropped twice as much as the market has risen, and since your entire net worth is not in the market, guess what - you have in fact lost. It is not an accident.
So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.
Fed may be the net buyer of $3 trillion in Treasurys, an action which will likely set off a chain of events which could result in rates dropping all the way to 0, stocks surging, and gold going from current price levels to well in the 5 digit range.
Ben Bernanke, Chairman of the Federal Reserve—essentially did the ol’ switcheroo on the Toxic Assets: In order to save the banks whose balance sheets depended so heavily on these now-dead turds...
So what will happen? In the end, I’d argue, what must happen is an effective default on a significant part of debt, one way or another.
The dollar is getting crushed, and literally (almost) everything else is going nuts.
Take a step back, and you get the picture: The Too Big To Fail banks are the sewer system by which the Federal Reserve supplies money to the Federal government for all its deficit spending. This is stealth monetization.
Clearly the Fed does not have the tools. If they did, we would not be in this mess in the first place! It's hard to say if Bernanke's statement is an outright lie or if he is delusional enough to believe the nonsense he is spouting.
We cannot export our wage deflation to China, because it winds up reflecting here and destroys the capability for Americans to earn a decent wage. At the same time despite claims of "zero inflation" food, energy and other essentials continue...
Gold has just hit a fresh all time record (with equity futures down), as the world has finally awakened to the central banker ruse. With spot touching at $1,293.5...
We'll never admit we're wrong - even as we go in the wood-chipper of history - feet first.
There's been no change, but the Fed has clearly opened the door for more QE.