"the soup kitchens have become mickey d's, burger king, wendy's, numerous other fast food places......... & mini marts sellin booze & cigs...................... "
Someone speaking with blinders off. You are right on rawteam !
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
". . . whatever is imploding behind the scenes is far worse than what occurred in 2008."
Looks like RR is right.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Sounds like someone finally ran out of other people's money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You are the only one who routinely uses the "C" word on this forum. Par for the course for King Fiat Bugger Revisionist Extraordinaire (KFBRE)
It would seem the majority of forumites believe that all markets, and especially currencies, bonds, and PMs are "managed" by the central banks and TBTJ banks. Whether one uses the M or C words is irrelevant. The outcome is still the same.
Per OPA's request, here's the last sentence.
Without a doubt, the graphs above are telling us that something “broke” in the banking system which necessitated the biggest injection of Treasury collateral in history into the global banking system by the Fed.
That's what you call a finger in the dike. Eventually, the FED and Co. run out of OPF (other people's fingers) to plug the leaks. They've already used up all the fingers of the FED governors.
Doesn't the banking system hold the biggest share of derivative bets?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You are the only one who routinely uses the "C" word on this forum. Par for the course for King Fiat Bugger Revisionist Extraordinaire (KFBRE)
It would seem the majority of forumites believe that all markets, and especially currencies, bonds, and PMs are "managed" by the central banks and TBTJ banks. Whether one uses the M or C words is irrelevant. The outcome is still the same.
Per OPA's request, here's the last sentence.
Without a doubt, the graphs above are telling us that something “broke” in the banking system which necessitated the biggest injection of Treasury collateral in history into the global banking system by the Fed.
That's what you call a finger in the dike. Eventually, the FED and Co. run out of OPF (other people's fingers) to plug the leaks. They've already used up all the fingers of the FED governors. >>
rr If you are going to reference my request, at least reference to correct one. Bob English from EPJ / Zero Hedge / RT says:
October 11, 2015 at 8:37 pm
There are a few things going on here:
1. The spikes actually correspond to ends of quarter, which is more visible in the daily data available on the New York Fed’s open market operations page. I created the same graph as the author and don’t see a spike on Sep 16. Rather, the $641 billion spike is as of Sep 30.
2. The Fed opened up a new fixed rate overnight reverse repo facility two years ago and it is still in “test” mode, with it expected to be full allotment when the Fed eventually raises rates. The facility is open to money market mutual funds. In the past, only primary dealers could get treasury collateral from the Fed. This opens up huge piles of cash that can now access the Fed window. And they are doing so going into every quarter end.
3. Why quarter end? Regulatory changes since the financial crisis (such as risk weighted asset reform, liquidity ratio, leverage ratio, etc.), are now largely implemented. The Fed is a riskless counterparty, so money market funds (and PDs) are simply gaming new regulations (win win!).
None of this is to diminish the possibility that something is strange. $641 billion is by far the largest quarter end spike to date, and it does follow major market turmoil. Money market funds could only have accounted for $200 billion of it (according to the daily data on the NY Fed website). Another $191 billion is from foreign accounts (according to the weekly H.4.1 report that your graph uses). Which leaves about $250 billion that would (I think) have to be allocated to primary dealers (Goldman, JPM, etc.)
That’s a lot of window dressing, even for the big guys.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I just find it all so sad, words can not describe what is going to happen here. I am proud I purchased Silver but it does not help my emotions at all. To think it could have all been avoided. I was born in 1954, a time of Growth in America, a product of the Greatest Generation, to watch it all go to HELLllllllllllllllllllllllllll
<< <i>Doesn't the banking system hold the biggest share of derivative bets? >>
If you consider 96% among the top 5-6 banks, then the answer is yes. The "little" banks don't really play in this area where you trade derivatives to make quarterly income. The biggest banks make up to $5-$7 BILL/qtr. The little banks use derivatives for their intended use....as reasonable hedges to offset other positions. There's no reason for 5-6 US banks to have $190+ TRILL in derivatives to hedge ANYTHING. The banks only had a total of $1 TRILL in derivatives back in 1989 ($1.1 QUAD today all world banks included). Back then, they apparently didn't have the need to hedge the financial assets of entire world by a factor of 3X-5X.
<< <i>I just find it all so sad, words can not describe what is going to happen here. I am proud I purchased Silver but it does not help my emotions at all. To think it could have all been avoided. I was born in 1954, a time of Growth in America, a product of the Greatest Generation, to watch it all go to HELLllllllllllllllllllllllllll >>
Lol, r u f n serious??? What does purchasing silver have to do with it? Besides proving that one is totally clueless in regards to well just about everything..., same old story , paint the end of the world picture/scenario and have no solutions but buy silver, lol, sad... But it's a good story for fairy tales ...
<< <i>Raw, is your azzzz as red as your mouth. You are about the dumbest MF I think Has ever been on a message board. Why don't you go play in the sand box with the other little boys. I do mean little...You know what I mean...Damn it must be a complex! Your a SICKO! >>
Suggest you make yourself aware of the forum rules and abide by them.
Rule 3) Anyone attacking another poster or making disparaging personal remarks will no longer be allowed to post. No more warnings.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Raw, is your azzzz as red as your mouth. You are about the dumbest MF I think Has ever been on a message board. Why don't you go play in the sand box with the other little boys. I do mean little...You know what I mean...Damn it must be a complex! Your a SICKO! >>
Lol, what an ingenious reply... zero substance, of course as usual...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Even buying lottery tickets in Illinois is losing its charm.
With Illinois delaying payouts of more than $600 because of its budget mess, neighboring states are salivating at the chance to boost their own lottery sales. Businesses near borders, particularly in Indiana, Kentucky and Iowa, say they've already noticed a difference.
Many gas stations, smoke shops and convenience stores in states bordering Illinois say they first noticed an increase in August, when the state said payouts over $25,000 would have to wait because there wasn't authority to cut checks that big. Now those businesses are reporting a bigger flurry since Oct. 14 when the Illinois Lottery announced it had lowered that threshold to payouts over $600.
When the curtain comes down & goes boom and we're out of chairs, who gets the guillotine this time: Citi or BofA?
On a lighter note, I just went shopping at 4 stores. The crowds are non existent near the end of the month & I bought 20 half price porterhouses for the freezer marketed down to $2.49/lb. They make outstanding chili.
The growth of U.S. currency in circulation has been considerable over the past twenty years. According to the Federal Reserve Statistical Release, the total value of Federal Reserve Notes in circulation jumped from $423 billion in 1996 to $1.38 trillion as of October 8th, 2015. This was a staggering 228% increase even though the population of the United States only increased 21% during the same time period.
Originally posted by: cohodk You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Originally posted by: cohodk And most assets have tripled also so what's the big deal?
The big deal is that money supply inflation is the major cause of price inflation. Have you considered that maybe this is why assets have tripled? Have you considered what will eventually happen to all prices when the money supply is tripled?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: cohodk You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Then what should the physical money supply be proportional to in a normal and balanced economy? It's certainly not illogical that the US and/or the world should not need a per-capita increase in the amount of physical currency, especially in this day and age, right?
And most assets have tripled also so what's the big deal?
Who said it was a big deal? It's interesting, if nothing else. Not everything I post is a "BIG DEAL."
We need much more paper money . When the herd decides to stampede out of all the hyper electron fiat investments into real in hand not digital dollars there won't be nearly enough to stock the machines.
We need much more paper money . When the herd decides to stampede out of all the hyper electron fiat investments into real in hand not digital dollars there won't be nearly enough to stock the machines.
What could possibly cause such a stampede? After all, the Fed does have a dual mandate.
Q: Are You Printing Money? Bernanke: Not Literally
Originally posted by: cohodk You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Then what should the physical money supply be proportional to in a normal and balanced economy? It's certainly not illogical that the US and/or the world should not need a per-capita increase in the amount of physical currency, especially in this day and age, right?
And most assets have tripled also so what's the big deal?
Who said it was a big deal? It's interesting, if nothing else. Not everything I post is a "BIG DEAL."
Nothing wrong with a per capita comparison as long as you use all the per capitas that would rather have dollars, like the Russians, Chinese, all of Africa, all of South America, most of Asia, parts of Europe. Most of the World wants US dollars, except perhaps those on an obscure Internet chatroom.
". . . the Fed is pushing on a string when comes to the main street economy, and inflating the mother of all bubbles when it comes to the Wall Street casino. Twice already this century it has been demonstrated that this combination eventually results in tears. Why should this time be any different?" - David Stockman
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: cohodk String pushers, mother bubbles and Wall Street casinos, and a cartoon....... that's all he's got? Must be getting tired of boresome rhetoric.
paint us one of your "everything's pretty" pictures.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
Knowledge is the enemy of fear
Someone speaking with blinders off.
You are right on rawteam !
". . . whatever is imploding behind the scenes is far worse than what occurred in 2008."
Looks like RR is right.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
<< <i>Derivatives meltdown picking up speed
". . . whatever is imploding behind the scenes is far worse than what occurred in 2008."
Looks like RR is right. >>
I don't think you scrolled down all the way to the end, otherwise you would not have made that comment.
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
Sounds like someone finally ran out of other people's money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Roadrunner is the conspiracist king. >>
You are the only one who routinely uses the "C" word on this forum. Par for the course for King Fiat Bugger Revisionist Extraordinaire (KFBRE)
It would seem the majority of forumites believe that all markets, and especially currencies, bonds, and PMs are "managed" by the central banks and TBTJ banks. Whether one uses the M or C words is irrelevant. The outcome is still the same.
Per OPA's request, here's the last sentence.
Without a doubt, the graphs above are telling us that something “broke” in the banking system which necessitated the biggest injection of Treasury collateral in history into the global banking system by the Fed.
That's what you call a finger in the dike. Eventually, the FED and Co. run out of OPF (other people's fingers) to plug the leaks. They've already used up all the fingers of the FED governors.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Roadrunner is the conspiracist king. >>
You are the only one who routinely uses the "C" word on this forum. Par for the course for King Fiat Bugger Revisionist Extraordinaire (KFBRE)
It would seem the majority of forumites believe that all markets, and especially currencies, bonds, and PMs are "managed" by the central banks and TBTJ banks. Whether one uses the M or C words is irrelevant. The outcome is still the same.
Per OPA's request, here's the last sentence.
Without a doubt, the graphs above are telling us that something “broke” in the banking system which necessitated the biggest injection of Treasury collateral in history into the global banking system by the Fed.
That's what you call a finger in the dike. Eventually, the FED and Co. run out of OPF (other people's fingers) to plug the leaks. They've already used up all the fingers of the FED governors.
rr If you are going to reference my request, at least reference to correct one.
Bob English from EPJ / Zero Hedge / RT says:
October 11, 2015 at 8:37 pm
There are a few things going on here:
1. The spikes actually correspond to ends of quarter, which is more visible in the daily data available on the New York Fed’s open market operations page. I created the same graph as the author and don’t see a spike on Sep 16. Rather, the $641 billion spike is as of Sep 30.
2. The Fed opened up a new fixed rate overnight reverse repo facility two years ago and it is still in “test” mode, with it expected to be full allotment when the Fed eventually raises rates. The facility is open to money market mutual funds. In the past, only primary dealers could get treasury collateral from the Fed. This opens up huge piles of cash that can now access the Fed window. And they are doing so going into every quarter end.
3. Why quarter end? Regulatory changes since the financial crisis (such as risk weighted asset reform, liquidity ratio, leverage ratio, etc.), are now largely implemented. The Fed is a riskless counterparty, so money market funds (and PDs) are simply gaming new regulations (win win!).
None of this is to diminish the possibility that something is strange. $641 billion is by far the largest quarter end spike to date, and it does follow major market turmoil. Money market funds could only have accounted for $200 billion of it (according to the daily data on the NY Fed website). Another $191 billion is from foreign accounts (according to the weekly H.4.1 report that your graph uses). Which leaves about $250 billion that would (I think) have to be allocated to primary dealers (Goldman, JPM, etc.)
That’s a lot of window dressing, even for the big guys.
<< <i>Doesn't the banking system hold the biggest share of derivative bets? >>
If you consider 96% among the top 5-6 banks, then the answer is yes. The "little" banks don't really play in this area where you trade derivatives to make quarterly income. The biggest banks make up to $5-$7 BILL/qtr. The little banks use derivatives for their intended use....as reasonable hedges to offset other positions. There's no reason for 5-6 US banks to have $190+ TRILL in derivatives to hedge ANYTHING. The banks only had a total of $1 TRILL in derivatives back in 1989 ($1.1 QUAD today all world banks included). Back then, they apparently didn't have the need to hedge the financial assets of entire world by a factor of 3X-5X.
<< <i>I just find it all so sad, words can not describe what is going to happen here. I am proud I purchased Silver but it does not help my emotions at all. To think it could have all been avoided. I was born in 1954, a time of Growth in America, a product of the Greatest Generation, to watch it all go to HELLllllllllllllllllllllllllll >>
Lol, r u f n serious??? What does purchasing silver have to do with it? Besides proving that one is totally clueless in regards to well just about everything..., same old story , paint the end of the world picture/scenario and have no solutions but buy silver, lol, sad...
But it's a good story for fairy tales ...
Lol edit to add, sadly you r serious ...
<< <i>Raw, is your azzzz as red as your mouth. You are about the dumbest MF I think Has ever been on a message board. Why don't you go play in the sand box with the other little boys. I do mean little...You know what I mean...Damn it must be a complex! Your a SICKO! >>
Suggest you make yourself aware of the forum rules and abide by them.
Rule 3) Anyone attacking another poster or making disparaging personal remarks will no longer be allowed to post. No more warnings.
Knowledge is the enemy of fear
<< <i>Raw, is your azzzz as red as your mouth. You are about the dumbest MF I think Has ever been on a message board. Why don't you go play in the sand box with the other little boys. I do mean little...You know what I mean...Damn it must be a complex! Your a SICKO! >>
Lol, what an ingenious reply... zero substance, of course as usual...
<< <i>Deutsche Bank holds more derivatives that any Bank in the World. >>
We get it... enough already.
<< <i>Roadrunner is the projectionist king. >>
I often ran the 16 mm projector for my teachers in school. But was never promoted to the AV club. I was a projectionist wannabe.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
More on those banking derivatives
What could ever go wrong?
Silver bullion coins are scarce, but prices don’t show it
States surrounding Illinois ready for lottery business
Even buying lottery tickets in Illinois is losing its charm.
With Illinois delaying payouts of more than $600 because of its budget mess, neighboring states are salivating at the chance to boost their own lottery sales. Businesses near borders, particularly in Indiana, Kentucky and Iowa, say they've already noticed a difference.
Many gas stations, smoke shops and convenience stores in states bordering Illinois say they first noticed an increase in August, when the state said payouts over $25,000 would have to wait because there wasn't authority to cut checks that big. Now those businesses are reporting a bigger flurry since Oct. 14 when the Illinois Lottery announced it had lowered that threshold to payouts over $600.
On a lighter note, I just went shopping at 4 stores. The crowds are non existent near the end of the month & I bought 20 half price porterhouses for the freezer marketed down to $2.49/lb. They make outstanding chili.
The end of the month is devoid of folks who have used up their EBIT card allowance. Lots of bargains for anyone with cash or credit card still good.
Got quoins?
U.S. FIAT MONETARY SCAM: $100 Bill vs Gold
The growth of U.S. currency in circulation has been considerable over the past twenty years. According to the Federal Reserve Statistical Release, the total value of Federal Reserve Notes in circulation jumped from $423 billion in 1996 to $1.38 trillion as of October 8th, 2015. This was a staggering 228% increase even though the population of the United States only increased 21% during the same time period.
You have just linked to another blog disseminating misinformation.
Knowledge is the enemy of fear
You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
And most assets have tripled also so what's the big deal?
The big deal is that money supply inflation is the major cause of price inflation. Have you considered that maybe this is why assets have tripled? Have you considered what will eventually happen to all prices when the money supply is tripled?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Then what should the physical money supply be proportional to in a normal and balanced economy? It's certainly not illogical that the US and/or the world should not need a per-capita increase in the amount of physical currency, especially in this day and age, right?
Who said it was a big deal? It's interesting, if nothing else. Not everything I post is a "BIG DEAL."
We need much more paper money . When the herd decides to stampede out of all the hyper electron fiat investments into real in hand not digital dollars there won't be nearly enough to stock the machines.
What could possibly cause such a stampede? After all, the Fed does have a dual mandate.
I knew it would happen.
You may want to put such "facts" in context and learn from where and why demand for US currency comes.
You have just linked to another blog disseminating misinformation.
So are you saying the amount of currency in circulation hasn't tripled in the last 20 years?
I'm saying the supposed relationship to the increase in US population is meaningless and is only included to elicit an emotional and illogical response.
Then what should the physical money supply be proportional to in a normal and balanced economy? It's certainly not illogical that the US and/or the world should not need a per-capita increase in the amount of physical currency, especially in this day and age, right?
Who said it was a big deal? It's interesting, if nothing else. Not everything I post is a "BIG DEAL."
Nothing wrong with a per capita comparison as long as you use all the per capitas that would rather have dollars, like the Russians, Chinese, all of Africa, all of South America, most of Asia, parts of Europe. Most of the World wants US dollars, except perhaps those on an obscure Internet chatroom.
Knowledge is the enemy of fear
The new forum software still does the one page behind thing on this thread for me.
Hope you're not referring to the Precious Mentals forum
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
String pushers, mother bubbles and Wall Street casinos, and a cartoon....... that's all he's got? Must be getting tired of boresome rhetoric.
paint us one of your "everything's pretty" pictures.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey