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*** FED injects $75 Billion into market! ***

Scorpio

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#41
we have spoken of the 'inflate or die' syndrome many times,

for some time now, the fed has been decreasing its balance sheet, even after they switched to lowering rates from a raising rates paradigm

so now, they are reversing that process also it appears,

which takes us right back to our original point,

inflate or die,

I always thought it quaint that the fed truly believed they could just magically decrease their balance sheet over time and it would have no impact in the economy. A economy that is all smoke and mirrors at this point.

facebook doens't produce a damn thing,
google doesn't produce a damn thing,

apple produces a phone, that probably costs a hundie or so, and sells it for a grand

many many companies, old companies, been around forever, have horrific balance sheets, with mountains of debt piled in the line items.

these companies should be absolute cash cows, but they are not, as their dough is spent servicing debt.

as stated, the economy is smoke and mirrors
 

keef

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#42
Scorp, you and SLV come from a part of the country that still produces things of value and takes pride (or at least used too when I live there) in being productive. It was/is the norm there and we all lived the middle class life. Not rich, but comfortable.

Now, I live where 'financialization' and 'healthcare' are about the only games in town.

It's all either rich or the poor here as the 'middle class' is now something out of American Gothic.

1568910946174.png


Heck, Farmaid is coming to Wisconsin in just two days!! For the love of God, go smoke one with Willie while u still can.
(not advocating drugs here, it's just an experience some of us would not miss for anything this new BS economy offers)
 

nowon

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#43
Ok, agree that it's gone beyond what KSA could be needing for repairs.

Wonder if China is cashing in?
 

<SLV>

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#44
Ok, agree that it's gone beyond what KSA could be needing for repairs.

Wonder if China is cashing in?
I have a feeling that ChinaRussiaIran are probably conspiring together to bring the US to its financial knees. Wouldn't put it past them to squeeze the buck.

James Rickards' "Currency Wars" -- great book.
 

<SLV>

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#45

the_shootist

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#46
How long can they keep doing that? It doesn't seem financially healthy to me but I'm not a financial markets guy

The Federal Reserve Bank of New York announced Thursday afternoon that it would once again intervene in the repo market on Friday morning, its fourth consecutive day of supplying tens of billions of dollars to hold down interest rates in the short term funding market.

The NY Fed said it would purchase up to $75 billion of debt between 8:15 a.m. and 8:30 a.m. Securities eligible to be sold to the Fed include Treasuries, government-sponsored agency mortgage-backed securities, and debt issued by Fannie Mae and Freddie Mac.
 

ZZZZZ

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#47
How long can they keep doing that? It doesn't seem financially healthy to me but I'm not a financial markets guy
They can do it until they can't. At some point (sooner rather than later) the whole house of cards will implode. Got gold?
.
.
 

<SLV>

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#49
I read one bond trader who said that these sorts of crunches are most likely to happen at the end of a quarter. It will be interesting to watch this through Monday, Sept. 30. Will it relax after that?
 

the_shootist

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#50
I read one bond trader who said that these sorts of crunches are most likely to happen at the end of a quarter. It will be interesting to watch this through Monday, Sept. 30. Will it relax after that?
Fine with me, let's get the party started. I'm tired of that sword of Damocles hanging over our heads.
 

keef

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#51
I once knew a junkie who told me the same exact thing. "Sure, pal."


Back then it was just a couple of dudes on the corner strung out.

Now, our whole f#$%kin country is on smack! Everyone/everywhere!

You should read Keith Richards autobiography "LIFE" now so you too get to find out exactly what kind of joy ride we are in for.
(skip right to the chapters after Graham Parsons croaked)

WE ALL are about to find out how hard it is to kick.

I'd spell it out for ya, but I'm not into spoilers and I already see the early signs popping up all around me.

Unlike Keith, most don't make it. Never underestimate that guy or the power he found to still be alive today.


Buckle up, a few pot holes ahead.
 

the_shootist

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#52
I once knew a junkie who told me the same exact thing. "Sure, pal."


Back then it was just a couple of dudes on the corner strung out.

Now, our whole f#$%kin country is on smack! Everyone/everywhere!

You should read Keith Richards autobiography "LIFE" now before you too get to find out exactly what kind of joy ride we are in for.
(skip right to the chapters after Graham Parsons croaked)

WE ALL are about to find out how hard it is to kick.

I'd spell it out for ya, but I'm not into spoilers and I already see the early signs popping up all around me.

Unlike Keith, most don't make it. Never underestimate that guy or the power he found to still be alive today.


Buckle up, a few pot holes ahead.
I know what we're all in for. I've known for the last 10 years....I'm ready, are all you guys? By the way, I read Keith's book (have it in hard cover) and it's great fodder if you're hooked on drugs.

Back to the topic at hand...I've never lived beyond my means nor have I ever let anyone tell me how much I could afford, how much I could borrow and how much debt I qualified for. I'm not backed into a financial corner like most people my age. Having a bank account with lots of FRNs in it is nice! Those who chose to buy $65K trucks, and $1M homes on credit rather than turn a sizable part of the wealth they were able to accumulate over their productive years into hard assets will be hurt the most by the coming shitstorm. A person who's net worth today is under $100K with no hard assets, you're in deep doodoo.

Hard assets do not include the following:

  • That $65K truck you still owe $60K on
  • The 4 60" flatscreens you're still paying off on your VISA cards
  • The beer fridge in the garage, and the beer inside
  • The cool speed boat you spend a fortune on two Summer's ago and which you still owe $25K on
  • you get the idea...
 
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Bottom Feeder

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#53
I know what we're all in for. I've known for the last 10 years....I'm ready, are you?
Ain't nobody ready, shoot.
Not for what's next anyhow.
Hypertiger had it right — you should study his blathering, it's full of clues.

BF
 

the_shootist

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#54
Ain't nobody ready, shoot.
Not for what's next anyhow.
Hypertiger had it right — you should study his blathering, it's full of clues.

BF
Knowing it's coming and continuing to take steps to be as prepared as possible IS being ready!

Like Unca and Keep said, it's going to happen fast and without any warning to the sheep (not to be confused with us who are taking these type of underlying and compelling warnings seriously). Do you have any idea how many millions of people will be wept away because they had no idea of the breath and scope of the financial and social collapse we're likely to see in the next few years? They'll look for an escape but there won't be one. Those people will not only not be 'ready', many of them will be utterly destroyed and will perish in the streets.

Once the dollar goes the US is totally fucked and the rest of the world will feel that pain! WWII, 911 and the US Financial collapse....all historic days in history which changed everyone's lives forever!


Dump that paper! It's still not too late to stack and preserve your wealth before you lose it! Don't forget the food, water, coffee, bourbon/scotch, beer and porn mags too!
 
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Bottom Feeder

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#55
Aye, too bad when it's done there won't be any way to compare notes on our preparedness.

How many butane lighters ya got stashed? How 'bout fuel that doesn't create smoke so you can cook without attracting attention? Got a couple hundred pounds of salt? Do ya have heirloom seeds so you can plant crops? Rice lasts almost forever — I usually have about 100 pounds of it in my larder. Are you ready to live without any electrical devices? There's a ton of shit you'll need to survive the first year, so you can continue on after that winter's die-off. But we all know that — but still, I say "Ain't nobody READY"

As far as financial survival — invest in rabbits & chickens.

JMSO
BF
 

the_shootist

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#56
Aye, too bad when it's done there won't be any way to compare notes on our preparedness.

How many butane lighters ya got stashed? How 'bout fuel that doesn't create smoke so you can cook without attracting attention? Got a couple hundred pounds of salt? Do ya have heirloom seeds so you can plant crops? Rice lasts almost forever — I usually have about 100 pounds of it in my larder. Are you ready to live without any electrical devices? There's a ton of shit you'll need to survive the first year, so you can continue on after that winter's die-off. But we all know that — but still, I say "Ain't nobody READY"

As far as financial survival — invest in rabbits & chickens.

JMSO
BF
Don't forget the toilet paper!!
 

keef

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#57
Ain't nobody ready, shoot.
Not for what's next anyhow.
Hypertiger had it right — you should study his blathering, it's full of clues.

BF
Right on brother Biff. UNLESS YOU HAVE BEEN THROUGH IT YOURSELF. hahahahahah, this one is gonna hurt. Truly Biblical

Toilet paper and guns? We will be facing evil face to face. One on one. Maybe u can turn that TP into a voodoo doll?

(there is a great picture of keith holding a healthy cat that was a half dead kitten he rescued off the streets and brought to Voodoo Lounge that reveals his true nature to those with eyes to see)
 

newmisty

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#58
I know what we're all in for. I've known for the last 10 years....I'm ready, are all you guys? By the way, I read Keith's book (have it in hard cover) and it's great fodder if you're hooked on drugs.

Back to the topic at hand...I've never lived beyond my means nor have I ever let anyone tell me how much I could afford, how much I could borrow and how much debt I qualified for. I'm not backed into a financial corner like most people my age. Having a bank account with lots of FRNs in it is nice! Those who chose to buy $65K trucks, and $1M homes on credit rather than turn a sizable part of the wealth they were able to accumulate over their productive years into hard assets will be hurt the most by the coming shitstorm. A person who's net worth today is under $100K with no hard assets, you're in deep doodoo.

Hard assets do not include the following:

  • That $65K truck you still owe $60K on
  • The 4 60" flatscreens you're still paying off on your VISA cards
  • The beer fridge in the garage, and the beer inside
  • The cool speed boat you spend a fortune on two Summer's ago and which you still owe $25K on
  • you get the idea...
Merka!
 

<SLV>

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#59

ZZZZZ

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#60
I read one bond trader who said that these sorts of crunches are most likely to happen at the end of a quarter. It will be interesting to watch this through Monday, Sept. 30. Will it relax after that?
October is infamous for "surprises."
.
.
 

the_shootist

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#61
Aye, too bad when it's done there won't be any way to compare notes on our preparedness.

How many butane lighters ya got stashed? How 'bout fuel that doesn't create smoke so you can cook without attracting attention? Got a couple hundred pounds of salt? Do ya have heirloom seeds so you can plant crops? Rice lasts almost forever — I usually have about 100 pounds of it in my larder. Are you ready to live without any electrical devices? There's a ton of shit you'll need to survive the first year, so you can continue on after that winter's die-off. But we all know that — but still, I say "Ain't nobody READY"

As far as financial survival — invest in rabbits & chickens.

JMSO
BF
I can offer no brilliance to counter your logic sir!

I'm relying on a more natural source of fire ignition than earthly (formerly known as fossil) fuels, although I have some of that too. All I'm saying is don't stop preparing! It's not if things will go to shit, it's when!
 

the_shootist

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#62

keef

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#63
This shit is funny, I don't care who you are.


Bill Burr - Preppers
 

Bottom Feeder

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#64
toilet paper?
I've used the Sear's catalog.
 

Joe King

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#65

Scorpio

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#66
Going to continue at a pace of $75B per day through October 10:
which is quite interesting,
as they supposedly were pulling out about $40 - $50B a month for a spell,

at that pace, they will rapidly wipe out any they had pulled out
 

Strawboss

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#67
"If the market gets through quarter end and it's not too rocky" probably means 'the markets' are totally rigged today, so don't panic.

(Meanwhile, insiders are removing $600 million a day from the stock market and the most CEOs on record resigned last August)



That strategy (fake news) also worked fine for Bear Sterns right before the end, until their forced CDO auction back in June 2007 proved to be the true 'litmus test' of the market.

I don't like rumors either, but I heard on ZeroHedge yesterday that bankers no longer trust the accounting practices of other bankers so one major bank withdrew from the repo market last week. That left a hole in funding that the FED now has to fill.

Portfolios are marked to fantasy today, not to market.

If they allowed real market forces to gain control we could collapse before the end of the 4th quarter.

For what it is worth...
good times those were...

I remember immediately after the Bear Sterns thing that Jim Sinclair started ranting..."This is IT and IT is NOW"...

Also remember when they came out with FAS157 and marked everything to "model" instead of to market...
 

Aurumag

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#68
toilet paper?
I've used the Sear's catalog.
I used an entire pack of orange zigzags, but just that one time in junior high when we couldn't find any weed.
 

Aurumag

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#69
good times those were...

I remember immediately after the Bear Sterns thing that Jim Sinclair started ranting..."This is IT and IT is NOW"...

Also remember when they came out with FAS157 and marked everything to "model" instead of to market...
Who will threaten the closed door session of Congress this time?

Hank Paulson is long gone and those days are over now that we have POTUS DJT.

Word on the street is that Alan Greenspan still likes gold.
 

keef

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#70
Alan Greenspan was always a closet goldbug.

The Federal Reserve Bank is really The Private Bank of the Rothschilds. Period. Just say it, Alan!

And I don't expect a repeat of 2008 exactly, as they don't need Congressional approval anymore to orchestrate interventions in crucial situations.


So, at the moment, they are using daily injections (repos) until they can move the patient back to intensive care for the BIG IV Drip / QE to infinity and this will be now be ongoing treatment until the patient passes away. Maybe they will use a new name for QE to keep the sheep calm?




We (at least the GIMMERS who started at GoldEagle in the late 90s) always knew this was going to happen, we just didn't know when.

We still don't know when, but what is being called 'the start of the next recession' might well be 'the start of the final collapse of the world wide fiat system'.
 
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the_shootist

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#71
toilet paper?
I've used the Sear's catalog.
I'm told that these work better then toilet paper in a pinch, something about the cotton fibers in the bills .

Do you guys think I should use these to buy more gold or saving them as personal ass wipes for when the SHIF?

1569076142907.png
 
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ZZZZZ

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#73
Contradiction......... pulling 50B a month market goes up. Pumping 75B in market goes down. WTF am I missing here?
You're not missing anything. The purpose of all this financial insanity is to confuse the public, or at least those with a few brain cells who understand money and economics, and to obfuscate their longstanding goal: enrich the banksters and politicians at the expense of everyone else.

End the farkin' Fed!
.
.
 
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Unca Walt

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#75
Don't forget the toilet paper!!
That's one that is missed by most folks -- and it could be remedied without any financial strain. Get a case or more of it, and put it in the attic. Done.
 

ZZZZZ

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#76
A toilet paper standard would be infinitely preferable to the current insane global phony fiat monetary system.

1 "dollar" is redeemable for 1 roll of toilet paper.

Wipe your ass with that truly worthless fiat paper.
.
.
 

Uglytruth

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#77
A toilet paper standard would be infinitely preferable to the current insane global phony fiat monetary system.

1 "dollar" is redeemable for 1 roll of toilet paper.

Wipe your ass with that truly worthless fiat paper.
.
.
It will be the size of a roll of stamps in weeks!
 

silver solution

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#79
I'm told that these work better then toilet paper in a pinch, something about the cotton fibers in the bills .

Do you guys think I should use these to buy more gold or saving them as personal ass wipes for when the SHIF?

View attachment 141469
In Asia they don't use much TP. They use water. Little hose next to the toilet you will be fine. Buy some more silver with the 100.:-)
 

the_shootist

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#80
In Asia they don't use much TP. They use water. Little hose next to the toilet you will be fine. Buy some more silver with the 100.:-)
good point although water could be at a premium which makes $100 bills a potentially more sanitary option