Signs that a collapse is under way.

[In~Plain~Site]

You mean to say that the ruling class is running out of tricks,Gramps?



If I don't laugh about it...

They want to tighten your belt, not their own.

 

[DiscoBiscuit]

And isn't the "new money created electronically" ALSOtaxpayer money? It's certainly not Chinese or German...it's fucking TAXPAYER money!

Nah, it's not tax revenues. Read a little about the central bank.[/QUOTE]

 

[whodare]

Nah, it's not tax revenues. Read a little about the central bank.

sure its not tax revenue but its still OUR money...

 

[DiscoBiscuit]

HOLY SHIT!!!!
10,000 words or less and we have one sentence of merit!!!!


i don't know how you did it but you actually managed to address my point instead of one you invented from wholecloth!!!!!
mark the date someone!!


ok DB
what does "at any one time" mean in your language?

Remember? You can't prove what your saying because JD will hack your computer.

BTW it's ALL fiat money...
federal reserve notes,electronic monies,anything but gold/silver certificates(which we dont use anymore).

jueuser and dagnabit, two great tastes that taste great together. joe says "it's all taxpayer money" and you've morphed again.

 

[Pirate]

http://www.usdebtclock.org/index.html

That's in TRILLIONS by the way.

Nuff Said !!
.

 

[SpasticGramps]

You mean to say that the ruling class is running out of tricks,Gramps?

Their ponzi may be running out of gas, but if anything it is resilient. The entire system is based on kicking the can down the road, ignoring reality, and hoping future generations will pay the tab. It's worked for 100 years. I'm guessing they can squeeze a couple more years out of it. I dunno though it's looking pretty shitty out there.

Signs that a collapse is under way......

How about a liquidity crisis starting in China? Not to mention the social unrest there because of inflation.

Chinese Interbank Liquidity Freeze Continues For Third Day, Will Persist As Inflation Expected To Rise Over 5.5%

Three days ago we first reported that not all is well in the Chinese unsecured lending market as indicated by the country's interbank lending (SHIBOR) and repo rates. Subsequent to this, the PBoC attempted to restore some sense of normalcy to the market by conducting an emergency reverse repo for CNY50 billion on Monday night, which however as expected, did nothing at all. Alas, as a quick check of the most recent 1 week SHIBOR confirms, the liquidity lock up continues as the market is scrambling over the implications of what ongoing PBoC tightening implies for the market: 7 Day SHIBOR has once again risen overnight, this time by 51 bps, to a nosebleed inducing 8.83%, doubling from a week ago. This means that it costs banks nearly 10% to borrow one week cash from one another, and confirms there is absolutely no excess liquidity in the market. Looking forward, don't look for this number to go down notably any time soon: as Market News reports: "China's economic planning agency said Wednesday that efforts to control prices are having an impact, and that monetary conditions have improved, but warned that consumer inflation this month will likely exceed May's 5.5% y/y." Which means that the only recourse the PBoC will have after reporting a 5.5% CPI will be more RRR and Interest Rate hikes, which means more liquidity extraction, which means that the 1 week SHIBOR will likely pass 10% in the next few days. It is ironic that Europe's fate now rests with China whose interbank lending market is about 8 times more tight than the comparable one in Europe. Will Europe be forced to provide China with unsecured liquidity in exchange for China buying PIIGS bonds? Ah the wonders of a ponzi scheme.

China Will Suspend Open Market Operations Tomorrow In Response To Liquidity Freeze

Merely minutes after reporting the third daily surge in the SHIBOR we see a Dow Jones update which confirms that this liquidity escalation is far more serious than a merely transitory jump in short-term lending rates. Per DJ: "China's central bank said Wednesday it will suspend its regular open market operation Thursday, in an apparent response to the tight liquidity conditions in the banking system." As a result of the just reported 7 Day SHIBOR hitting 8.81%, the highest since October 2007, the PBoC will not conduct regularly scheduled open market operations tomorrow when it offers three-month paper, to mop up excess liquidity in the country. "The PBOC sold CNY1 billion ($154.6 million) worth of one-year bills at 3.4019% in its operation Tuesday, after leaving the rate unchanged at 3.3058% for the past 11 weeks. On Thursday last week, the PBOC lifted the rate on its three-month bills by eight basis points to 2.9985%, the first increase on the three-month central bank bill yield since early April. "It is difficult for the central bank to find enough demand for its short-term bill offering amid the severe liquidity squeeze in the money market. If it persisted with the three-month bill offering tomorrow, the yield would jump again, adding pressure to the central bank's operating costs," said a Shanghai-based trader with a local bank."
Why is this important? Because as is by now well known, China is Europe's white knight, and Chinese banks, likely with the assistance of the PBoC, have been buying up European (and Japanese bonds). Yet will it be able to do so in light of the lock out of banks from overnight liquidity? This is currently unknown, although speculation that June inflation will be even higher than May's, likely have ominous implications for future liquidity as more rate hikes are imminent.
And if the liquidity freeze is already affecting open market operations, it is very much unclear what this means for general fund flows within the Chinese economy. One factor that can provide a brief respite is the maturity of CNY83 billion in bills and repos this week, which will inject some much needed liquidity in the market.
Keep a close eye on the SHIBOR: if China ends up needing Central Bank assistance in the unsecured lending market, it will destroy all credibility of the Chinese "White Knight" scenario.

If they shit the bed there won't be anyone left to buy Europe and the USA's worthless ponzi paper debt.

 

[whodare]

If they shit the bed there won't be anyone left to buy Europe and the USA's worthless ponzi paper debt.

lol i cant wait

 

[SpasticGramps]

This is hilarious right here. As I've said countless times. Quantitative Easing will continue until the dollar is totally destroyed. Once started it cannot be stopped as to do so will crash the ponzi scam (economy). We already knew that the Fed wasn't going to unwind the balance sheet, which is defacto monetary easing, and will forever keep interest rates at 0%. But for good measure they are going to print some more. Just need a little bit more to get the economy going. Just a few more billion. Just a few more trillion.

Just.....got.....to.....kick.....the.....can.....a....little.....further.

Hilarious, hilarious, hilarious. Kiss your money goodbye fellow proles.

New York Fed Announces It Will Conduct 7 POMO Operations Beginning July 1 As Part Of Continuing QE Lite

Just as expected, the New York Fed disclosed that even as QE2 is being halted (briefly), QE Lite purchases of maturing securities will continue, across the Fed's 7 maturity segments: "At this time, the Desk anticipates conducting one operation per month in each maturity sector." As we have calculated before the total amount of monthly "flow" purchases will be about $32 billion, and likely declining, as less and less MBS are prepaid to the Fed. In other words, the bulk of purchases will once again be at the belly, with the least amount dedicated to the long-end, followed only by the 1.5-2.5 year segment, which however, if Bill Gross is right, will see a surge in activity as soon as Operation Twist 2 is announced at this year's Jackson Hole meeting.

 

[whodare]

im just glad i grow my own money

 

[SpasticGramps]

im just glad i grow my own money

+1000

That's going to help many many people on this site.

 

[dagnabit]

Remember? You can't prove what your saying because JD will hack your computer.



jueuser and dagnabit, two great tastes that taste great together. joe says "it's all taxpayer money" and you've morphed again.

morphed?

explain?

 

[joeuser]

Quote:
Originally Posted by joeuser
And isn't the "new money created electronically" ALSOtaxpayer money? It's certainly not Chinese or German...it's fucking TAXPAYER money!

Nah, it's not tax revenues. Read a little about the central bank.

[/quote]

My God! Because it's NOT tax revenue...it's not taxpayer money? YOU DON'T COUNT DEBT? $14 trillion that you...just conveniently don't count... If you go to the bank and take out a loan and give it all to someone else...you don't count it as "your money you owe"? It appears there are a LOT like you...the squatters...owe the mortgage, refuse to pay because of a paperwork technicality...a fucking TAX issue is holding up these deadbeat foreclosures. People like these are why the collapse is INEVITABLE.

Please save us from people like this...

 

[DiscoBiscuit]

morphed?

explain?

Think amoeba.

 

[dagnabit]

Remember? You can't prove what your saying because JD will hack your computer.

ok DB
what does "at any one time" mean in your language?

http://www.merriam-webster.com/dictionary/obfuscation

so what does "at any one time mean in your language?

 

[DiscoBiscuit]

Quote:
Originally Posted by joeuser
And isn't the "new money created electronically" ALSOtaxpayer money? It's certainly not Chinese or German...it's fucking TAXPAYER money!

The answer is no. Don't have to take my word for it. Learn how we synthesize fractional reserve money.

My God! Because it's NOT tax revenue...it's not taxpayer money? YOU DON'T COUNT DEBT? $14 trillion that you...just conveniently don't count...

Understand the difference between the our treasury department and central banking. Fractional reserve banking isn't the national reserve till.

If you go to the bank and take out a loan and give it all to someone else...you don't count it as "your money you owe"? It appears there are a LOT like you...the squatters...owe the mortgage, refuse to pay because of a paperwork technicality...a fucking TAX issue is holding up these deadbeat foreclosures. People like these are why the collapse is INEVITABLE.

Please save us from people like this...

It's easy to find out the basic differences for yourself.

 

[DiscoBiscuit]

so what does "at any one time mean in your language?

I've already addressed this.

 

[Tripsick]

Uncle Ben is done... nothing more he can do... Can we burn this bitch to the ground already?

 

[dagnabit]

I've already addressed this.

sure ya did sport....sure ya did

 

[dagnabit]

Think amoeba.

i let you think like amoeba..

amoeba?

what a salient point!!!!

now i understand totally what you meant!!!

how could i have missed it?!?!?!?

 

[SpasticGramps]

Uncle Ben is done... nothing more he can do... Can we burn this bitch to the ground already?

He can print more and will. It won't prop anything up anymore. We've reached the point of diminishing returns. All downhill from here. I caught the highlights of his speech today.

It was his usual verbal diarrhea. "Recovery is slower than expected." lololol. Interest rates at 0 for "extended period." Inflation is going up while economy is going into the shitter. He didn't use the word stagflation, but even the propagandist have to admit it now even if only by implication.

So much for the jobless, housingless, growthless "recovery."

I don't think we are going to have to do any burning. The leaders are doing a great of job fiddling while Rome is burning to the ground. I would like to burn Ben's Bank down though. I'll wait and join the angry mobs of proles after he's finished destroying the economy and transferring the prole's wealth to the ruling class.

Poor Ben. Can't find his way out of a three sided box. And to think he taught at Princeton. Pretty embarrassing.