Frank Choi

Frank Choi
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  • Bernanke's Intentionally Weak Dollar Policy  [View article]
    End the fed and all central banking-- problem solved.
    May 5, 2011. 10:07 AM | 1 Like Like |Link to Comment
  • Shifting Gears: Where the Rubber Meets the Fiscal Road  [View article]
    First, the financial sector and system is not fixed and so far the IMF's recommendations have done nothing but make things progressively worse and imbalanced.

    Second, as far as the bull rhetoric that's going on with the fiscal situation-- the real solution to the fiscal situation and the ongoing structural imbalances within the global economy is to dissolve the worthless debt issued by the treasury and thus the federal reserve system. The fiat Keynesian experiment needs to end now. It has done nothing but create bigger imbalances within this country and impoverished the middle and lower classes further for the benefit of the top 1%.

    The best thing we can do now is to end the fed, reform the treasury, stop funding for the IMF and Worldbank, and replace the idiots in congress and the whitehouse now. Anything less would be the unnecessary continuation of the slavery of false debt under a false financial order.
    Apr 14, 2011. 11:09 AM | Likes Like |Link to Comment
  • On the sidelines after his speech in Prague, St. Louis Fed's Bullard says the Fed could slice $100B off its $600B bond-buying program right now and then pause for several meetings before taking additional steps to tighten policy - a step beyond colleagues just lining up around a "no new QE" stance.   [View news story]
    The only true exit strategy these fed-tards should discuss is how to end its very own existence. How we as a nation allowed the slavery to continue for so long is beyond me.
    Mar 29, 2011. 11:05 AM | 1 Like Like |Link to Comment
  • The economy is "getting better month by month," Warren Buffett (BRK.A) says - a credit not only to government aid but to the "underlying resilience of capitalism," with Americans "thinking about how to do something better tomorrow than they’ve done today." He's in India after canceling a trip to Japan (where he's making derivative bets on a rebound amid a buying opportunity).   [View news story]
    Possibly sooner than that. I find It's best not to pay attention to what stodgy out of touch crony capitalists have to say as it really doesn't have anything to do with truth or reality.
    Mar 22, 2011. 11:47 AM | 8 Likes Like |Link to Comment
  • One never knows whether the truth is being spoken or speculators are getting set up, but Japanese economics minister Yosano, ahead of a conference call of G7 finance ministers, dismisses the need for action on the soaring yen. FXY +1.5%, JYF +2.2%.   [View news story]
    Not only are central banks useless, but we need a huge new overhaul of the financial system.
    Mar 17, 2011. 10:29 AM | Likes Like |Link to Comment
  • "Complete bunk" is Peter Schiff's view of the notion that Japan's rebuilding might actually boost its economy. “Resources used to rebuild are not available for other purposes"; instead of adding new infrastructure or producing more goods, those resources now merely replace what they lost. Still, the near-breakeven rally of the top Japan ETF (EWJ -0.2%) may show that the idea has believers.   [View news story]
    The only one giving a bid to the etfs were the BOJ-- so if you believe in the market rigging that central banks are engaged in their rather pointless pursuit of 'price stability' model then one doesn't really need a logical thesis to be bullish.
    Mar 15, 2011. 06:38 PM | 2 Likes Like |Link to Comment
  • If earthquakes result in a rally in the local currency, why did the Christchurch quake cause the kiwi to fall? Should the yen continue to rise and Japanese shares sell off hard again on Monday, look for the BoJ to arrest the trend by quickly expanding its liquidity measures. FXY +1.3%, YCS -2.5%, EWJ -2.2%.   [View news story]
    To be more precise: can't compare the BOJ and RBNZ-- one has the means and has been manipulating currency far more than the other.
    Mar 11, 2011. 02:04 PM | Likes Like |Link to Comment
  • Elevated food prices may be part of the new reality, says the IMF, as it will take years for farmers to meaningfully expand production. Rising demand reflects "structural changes in the global economy that will not be reversed." Putting corn into gas tanks isn't helping matters.   [View news story]
    Agreed, we need to end the IMF. They're just a front now for the centrally planned economic social class genocide that is going on in the world. It's time we stop their economic terrorism from inflicting more harm upon the world.
    Mar 4, 2011. 09:05 AM | 4 Likes Like |Link to Comment
  • "We are going into a recession, damn it!" says John Taylor of currency hedge fund FX Concepts, due to rate hikes coming as easy monetary policy ends. He foresees a 4%, 3%, 2%, 1% rate of annualized GDP growth by quarter. U.S. stocks will continue rising for another few months, at which point the "coming recession" will take over, he says (video).   [View news story]
    The Dow 20K doesn't matter if your dollar buys you nothing but more time on the sidewalk begging for extra change.
    Mar 3, 2011. 03:07 PM | 1 Like Like |Link to Comment
  • Bill Gross urges a slow pace of federal budget cutting: "Let's cut the deficit, but let's do it gradually," so that real economic growth can take hold. The risk to markets from the mushrooming budget deficit means Treasurys are moving toward being "less of a triple-A credit," he tells Reuters.   [View news story]
    The best way to cut the federal budget and provide for the economy is to dissolve the fed, reform the treasury, and replace current members of congress and the white house with ones that aren't bought by the corporations-- the very imbalances of this economy.
    Mar 3, 2011. 03:05 PM | 2 Likes Like |Link to Comment
  • Minneapolis Fed President Narayana Kocherlakota affirms his support for current "highly accommodative" monetary policy, adding that the FOMC "will need to remain vigilant" for changes in the relationship between the unemployment rate and the economy's natural rate of joblessness. "When that gap is big, we need a lot of accommodation," he says.   [View news story]
    The fed can't monitor anything beyond what their banking masters require of them-- oh I forgot they're also good at enslaving the world of meaningless paper debt. End the fed.
    Mar 3, 2011. 01:58 PM | 1 Like Like |Link to Comment
  • Following today's ECB presser, veteran observers have no doubt - a 25 basis point hike is coming in April. It's beginning of the end of a remarkable period of monetary ease in which central bankers papered over the last bust, but hopefully have not sown the seeds of the next one.   [View news story]
    1. I'll believe it when I see it.

    2. Hopefully? Really? The fruits are already bearing from the seeds sown on this next bubble/burst cycle.

    3. Central banks are cancer.
    Mar 3, 2011. 01:56 PM | 1 Like Like |Link to Comment
  • Ben Bernanke begins his day of House testimony facing the freshmen: GOP newcomers who in the past wouldn't get a word in edgewise are getting favored time from new chairman Spencer Bachus. And Ron Paul takes issue with the zen take on inflation: "Inflation is exploding and interest rates are going to go up and we are going to have one heck of a problem in the future."   [View news story]
    Just end the federal resolve and you solve 666% of the problem.
    Mar 2, 2011. 11:43 AM | Likes Like |Link to Comment
  • Mohamed El-Erian uses this analogy to demonstrate his belief that the cost of continuing the Fed's easing policy is starting to offset the benefits: "Think of your car having stalled and someone comes along with jumper cables and starts it. At some point, you have to take the cables off and see whether the car will drive."   [View news story]
    I think this is a better analogy: imagine the car as the economy and a shady seedy mechanic as the fed and whenever you have problems you bring it in to the mechanic-- he fixes some things but ever so hell bent on having you comeback he sabotages another part of the car so that you have to keep coming back. Now, you have spent a lot of money on the car and you still don't know why it isn't fixed all the while the mechanic slyly shrugs his shoulders in agreement as to why it's not getting better, but that every procedure was necessary and to keep trusting him.

    Now in this example it would be best to get rid of the mechanic as he clearly has a conflict of interest and is just wasting your money.
    Mar 1, 2011. 04:00 PM | 7 Likes Like |Link to Comment
  • China's debt-funded push into high speed rail has some fearing a reprisal of the U.S. bond collapse of the late 1800s. The "blind pursuit” of high-speed rail is “highly likely to develop into a debt crisis,” writes a Beijing economics professor. Not to worry say others, the Ministry of Rail is part of the national government ... like Fannie Mae.   [View news story]
    China inheriting some of the bad habits of western culture: 1. thinking debt is money 2. that the credit card can always be balanced transferred 3. spend first and ask questions later.
    Mar 1, 2011. 03:38 PM | Likes Like |Link to Comment