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POPSClassic Liquidity Trap Such a Brilliant man...lol... Only a Foolish Fed falls for the Classic Liquidity Trap. Read more about it at:Google... doctrader liquidity trap.
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POPSPeter Schiff: Archives Introduction: Peter Schiff is one of the few non-biased investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly.
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POPS9 Questions for Ben Bernanke This is very sharp. A lot of commentary on the Fed quickly devolves into conspiracy theory and pumping gold portfolios, and so it's refreshing to see some substantive ideas.
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POPSThe Bernanke Bailout Boondoggle Announced this week is the number of re-financing on sub-prime loans and foreclosure should have been on everyone's mind. However, no one cares, as long as the stock market continues to climb higher. Giving those who have lost 50% of their 401k money, hoping for a rebound. Riddle me this? What has lost 55% and gained 45%, and still down 45% from the high? If you know the answer, you are well on your way to understanding the truth! The stock market is a game, if you don't know how to play by their rules, you will lose!
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POPSThey Put The USDollar At Grave Risk, The Weimar Territory Lies Directly Ahead!
The USDollar stewards are NOT demonstrating control, discipline, or even anything remotely resembling honesty or integrity.The USDept Treasury wants to continue funding the federal deficit, and for yucks, add any and every conceivable new program onto the books while the federal insolvent bankruptcy makes marginal additions not so noticeable. The USFed engages in almost immediately permanent operations to snag the primary dealer USTreasurys gatherings bid at auction, for a simple shell game shuffle. The USFed engages in a sneakier but still obvious hidden bidder game with foreign central banks. They use USDollar Swap Facilities (with gargantuan funds) and bid heavily on the USTreasurys, evidence being the ‘Indirect Bid’ component. If not for the USFed buying most of the USTreasurys issued, the long-term interest rates would be rising quickly and with alarm. If not for the USFed heavy buying, the USDollar would be doing a swan dive off a cliff into rough waters.
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POPSFed chairman's identity stolen "Identity theft is a serious crime that affects millions of Americans each year," he said. "Our family was but one of 500 separate instances traced to one crime ring. I am grateful for the law enforcement officers who patiently and diligently work to solve and prevent these financial crimes."
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POPSObama Taps Bernanke (too big to fail) For Second Term Bernanke said that if confirmed again by the Senate, he will pursue a “solid foundation for growth and stability” during a second four-year term and promised to work “to restore a more stable financial and economic environment in which opportunity can again flourish.” What’s unstated, of course, is the fact that in reappointing Bernanke, Obama is once again embracing the failed policies of his predecessor in the Oval Office: In re-appointing Bernanke to another four year term as Fed chairman, President Obama completes his embrace of bailouts, easy money and deficits as the defining characteristics of his economic agenda. Bernanke, along with Secretary Geithner (then New York Fed president) were the prime movers behind the bailouts of AIG and Bear Stearns. Rather than “saving capitalism,” these bailouts only spread panic at considerable cost to the taxpayer. As evidenced in his “financial reform” proposal, Obama does not see bailouts as the problem,
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POPSRoubini Sees Increasing Risk of Double-Dip Recession: Update1 “There are risks associated with exit strategies from the massive monetary and fiscal easing,” Roubini wrote. “Policy makers are damned if they do and damned if they don’t.” Government and central bank officials may undermine the recovery and tip their economies back into “stagdeflation” if they raise taxes, cut spending and mop up excess liquidity in their systems to reduce fiscal deficits, Roubini says. He defines “stagdeflation” as recession and deflation. Market Vigilantes Those who maintain large budget deficits will be punished by bond market vigilantes, as inflationary expectations and yields on long-term government bonds rise and borrowing costs climb sharply, he wrote. That will in turn lead to stagflation, Roubini said. European Central Bank officials led by President Jean- Claude Trichet are suggesting they won’t rush to reverse their emergency stimulus amid mounting evidence of an economic recovery. The ECB has cut its benchmark interest rate
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POPSBankenmafia und Politiker unter einer Decke Banker bilden heute das Musterbeispiel für organisierte Kriminalität. Sie ziehen ihre Kunden über den Tisch und rufen nach dem Steuerzahler, wenn Sie auf die falsche Farbe am Roulette-Tisch gesetzt haben. Was die meisten Menschen nicht wissen: Politiker sind meistens auch Banker! Weil Staaten wie die BRD längst nicht mehr kreditwürdig sind, wurde ein System entwickelt, bei dem sich die Politiker selbst die Kredite geben. Auf Kosten der Allgemeinheit. Kriminelle Banker geben kriminellen Politikern ungesicherte Kredite, die der Steuerzahler bezahlem muss.
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POPSBuffett Says Debt Could Devolve U.S. Into A "Banana Republic Economy" Last month, in a newspaper column of his own, Federal Reserve chairman Ben Bernanke, said the huge amounts of money the U.S. central bank has pumped into the economy will not undercut its ability to push borrowing costs higher when the time is ripe. Stressing that the weak U.S. economy will likely warrant exceptionally easy monetary policies for a long time to come, Bernanke outlined in a Wall Street Journal opinion article how the Fed could raise interest rates even with cash flooding the financial system. "At some point, however, as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road," Bernanke wrote. The outline of the Fed's "exit strategy" from the extraordinary monetary policy easing it has undertaken in the past two years to deal with the global financial crisis was the subject of testimony to Congress by Bernanke in his twice-a-year economic report on July 21.
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POPSTreasury, FDIC And More: How Many Lies? This usually occurs when a bidder for the failed bank is willing to pay a higher price for the entire deposit franchise. We are authorized to deviate from the "least cost" resolution only where a so-called "systemic risk" exception is made. This is an extraordinary procedure which we have never invoked. And again, any money we borrow from the Treasury Department must be repaid through industry assessments. I am confident in the strength of the FDIC's resources to make good on our sacred pledge to insured depositors. And, remember, no depositor has ever lost a penny of insured deposits, and never will. Note that bolded text. See, this is the second lie. Yes, the FDIC is required to follow the "least cost resolution" process, but what's being left out is that the FDIC (along with OTS and OCC) are also required to follow "Prompt Corrective Action" which serves as a means of preventing losses from happening in the first place. Yet the history of this crisis proves . . .
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POPSWhat Type of Recession Is It? Good news...the recession is over? Obviously this makes no sense. I suppose the elections in Afghanistan, the tea-parties, town hall meetings, Obamacare, swine flu domestic militarism, missing Russian boats, the return of Star Wars, unrest in South America, typhoons, wildfires, and approaching hurricane news needed a little pick-me-up.
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POPSUC Regents demonstrate tone deafness with raises
More: I think reasonable people could agree the current job descriptions of the aforementioned federal employees are just as demanding as the UC employees who received stipends on top of their salaries because they had to assume additional responsibilities. …When I hear the "You got to pay good people" argument, three things come to mind: First, I agree, assuming all things are reasonably normal, which is clearly not the case in California today. Second, good people would know the timing for these raises are poor and if everyone is having to sacrifice, they would at least be amenable to waiting for a more appropriate time. Third, if they can't wait along with the other 180,000, then maybe they are not as good as advertised, and it might be a good idea if they did go somewhere else. …The increased salaries reflect a body insulated from the impact of the abominable timing and perceived arrogance of their actions — a group severely tone deaf of the justifiable public outcr
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