Britishsteel

Why the Fed Is Compelled to Lie to Congress

to ballsshweaty : your quote was:
The other way is for money velocity to rise. With $11 trillion of m-3 earning an average 2% per annum, we will see money become a hot potato. If velocity picks up just 10%, that's an added $1 trillion per year in gdp.

how do you know what the M3 number is if it is no longer available for public view? where did your get your figures from? also you said IF and IF that figure is correct that you are basing it on . My question to you is besides where the figures come from is: If all were well with our banking system why did citi borrow from the Arabs at 14%
when they could have gone to the discount window for 3.75%? and as you know when the overnite rates was 5.75% 30 YEAR FIXED WAS 4.65% AND AT 3.00% 30 YEAR FIXED IS OVER 6% SO IS LOWERING THE OVERNITE RATE HELPING THE AVG CONSUMER OR IS IT JUST BAILING OUT BANKS AND WALL STREET? Seems like credit is getting more expensive if you ask me and I know you didn't but well there ya go. Also here in NY the Port Authority tried to auction off bonds and recieved no bids. The last on the interest rate was 20% and no one wanted them? why? and now they are asking to be allowed to buy their own bonds so the interest rate does not ramp higher? Does that sound like a good thing to you? It seems everwhere you turn Bernakes is breaking rules to stave off deflation like granting exemptions from those borrowing from the discount window I think 4 or 5 banks got 23A exemptions which allow them to extend the time they wer supposed to pay the money back within. Just does not smell right and seems to be collusion and deception being practiced on a regular basis . And what about uncle Bendover on OPTIONS EXPIRATION IN AUGUST AFTER THAT HUGE DOWN DAY ON THE 17TH HE LETS SLIP THAT RATES WILL BE LOWERED ALL THE BIG WALL STREET FIRMS GO LONG RIGHT BEFORE THE BELL AND THEN THE NEXT DAY HE SCREWED ALL THE SHORTS AND LOWERED RATES AFTER ALL THE BIG GUYS WERE IN POSITION TO BE LONG? IS THAT A TRANSPARENT SYSTEM? AND THE FACT THAT PAULSON WAS THE FORMER GOLDMAN HEAD AND NOW SECRATARY OF THE TREASURY? AND HE IS CONSTANTLY IN TOUCH WITH THE PRESIDENTS WORKING GROUP ON THE MARKETS?
SOUNDS LIKE A CONFLICT OF INTEREST TO ME.

Friday Outlook: 'Helicopter Ben' Unimpressive Thus Far

google bernakes speech to the economics club in 2002 and read it, its entitled deflation I think . So far everything he stated in that speech and mind you in 2002 inflation was the problem not deflation was a plan on how to combat it and so far all that he layed out as far as steps to take have been used to no effect and we are getting close to his zero overnite rate which along with his plan of taking dollars out of circulation BUT NOT UNTIL IT HITS ZERO will cause that 20% interest rate and dow will not bet at 20,000. also in 2004 he said

Bernanke and Reinhart (2004) discuss three alternative, though potentially
complementary, strategies when monetary policymakers are confronted with a short-term
nominal interest rate that is close to zero. As discussed in the introduction, these
alternatives involve (1) shaping the expectations of the public about future settings of the
policy rate, (2) increasing the size of the central bank’s balance sheet beyond the level
needed to set the short-term policy rate at zero (“quantitative easing”); and (3) shifting
the composition of the central bank’s balance sheet in order to affect the relative supplies
of securities held by the public. We use this taxonomy here as well to organize our
discussion of non-standard policy options at or near the zero bound.

now #1 states shaping the expectations of the public on policy settings? How through mass media like kuntlow and cnn hypnosis by media? Bond market sets rates not the feds


# 2 increasing balance sheet of central banks? how they gonna do that? Print more worthless money?


#3 shifting the balance sheet in order to affect the relative supplies of securities held by the public? which means making them the bagholders?

we all got a lot of thinking to do lol

Ben Bernanke's Tightrope Act

google bernakes speech to the economics club in 2002 and read it, its entitled deflation I think . So far everything he stated in that speech and mind you in 2002 inflation was the problem not deflation was a plan on how to combat it and so far all that he layed out as far as steps to take have been used to no effect and we are getting close to his zero overnite rate which along with his plan of taking dollars out of circulation BUT NOT UNTIL IT HITS ZERO that will cause a 20% interest rate and the dow will not be at 20,000. More like 10,000

also in 2004 he said

Bernanke and Reinhart (2004) discuss three alternative, though potentially
complementary, strategies when monetary policymakers are confronted with a short-term
nominal interest rate that is close to zero. As discussed in the introduction, these
alternatives involve (1) shaping the expectations of the public about future settings of the
policy rate, (2) increasing the size of the central bank’s balance sheet beyond the level
needed to set the short-term policy rate at zero (“quantitative easing”); and (3) shifting
the composition of the central bank’s balance sheet in order to affect the relative supplies
of securities held by the public. We use this taxonomy here as well to organize our
discussion of non-standard policy options at or near the zero bound.

now #1 states shaping the expectations of the public on policy settings? How through mass media like kuntlow and cnn hypnosis by media? Bond market sets rates not the feds


# 2 increasing balance sheet of central banks? how they gonna do that? Print more worthless money?


#3 shifting the balance sheet in order to affect the relative supplies of securities held by the public? which means making them the bagholders?

we all got a lot of thinking to do lol

Applauding Hank: Treasury Secretary Rejects Keynesian Mortgage Bailout

hey this all orchestrated, now that his buddies on wall street are heavily in their short positions its easy to say no bailouts. Talk about a conflict of interest, ex-goldman head now secratary of the treasury? How Noble Mr. Paulson. Bravo Bravo

Why the Fed Is Compelled to Lie to Congress

Well thank you very much for your kind words . if you agree as you say you do please follow the link I am posting and sign the online petition and also follow up with a letter to you congressman . Its for our childrens future.
financialpetition.org/...

Why the Fed Is Compelled to Lie to Congress

So basically its ok for bernake to COMMIT PERJURY in front of congress so as not to start a market panic BUT Roger Clemens is being raked over the coals for lying about steriod use. America what a country. What is needed is that all CDO's and SIV"s and any other toxic derivatives be marked to market immediately. If you bought a stock yesterday at 100 bucks and today is worth zero than its worth zero. The feds not going to bail you out, you made a bad decision . I am truly tired of wall street pushing Brenake to socialize the risk and privatize the profits. This whole Bull rally these past 6 years has been built on smoke and mirrors and those who participated and aided and abetted this ponzi scam should be made to lose what they have lost and be prosectued to the fullest extent of the law.

David Fry's Market Outlook for Friday

wallstreetexaminer.com... click on link, not to say that you are wrong but who can we believe?

Climate Exchange: Trading in Carbon Emissions

I looked up goldman sachs holdings and I could not find any new positions intiated in this company. Did it IPO today? and if so how large a position was taken. Its rather expensive for a pink sheet stock although not uncommon. And why would GS take a psoition in a pink sheet stock?