The big con and the so called market crash

[dharmaeye]

By this logic, today’s rally of 485 points suggests that the market had time to think about it and actually liked the rebuke. Yesterday’s 777 point drop was engineered in part by the Federal Reserve. Over a six day period, the Federal Reserve drained $131 BILLION out of the system.

If you would like to understand why there is no liquidity, it is because Bernanke has withdrawn liquidity in a staggering manner. It was done so in order to scare the markets into accepting this bogus bailout. See below:

TOMOs Maturing Today
Total Term
(days) Treasury Agency MBS
TOMOs Delivered Today
Total Term
(days) Treasury Agency MBS




Daily Totals
Date Total
Submitted Total
Accepted Total
Maturing Net Add Total
Sloshing Average
Sloshing Treasury
Held Agency
Held MBS
Held TIO
Sloshing TAF
Sloshing
9/18/2008 243.650 105.000 13.000 92.000 190.000 129.475 2.862 23.534 163.604 0.000 0.000
9/19/2008 55.150 20.000 100.000 -80.000 110.000 129.875 0.000 3.600 106.400 0.000 0.000
9/22/2008 45.600 20.000 20.000 0.000 110.000 129.625 0.000 4.000 106.000 0.000 0.000
9/23/2008 0.000 0.000 20.000 -20.000 90.000 127.625 0.000 0.000 90.000 0.000 0.000
9/24/2008 19.550 -5.000 20.000 -25.000 65.000 121.450 -25.000 0.000 90.000 0.000 0.000
9/25/2008 -72.700 -22.000 -20.000 -2.000 63.000 116.100 -22.000 0.000 85.000 0.000 0.000
9/26/2008 -64.250 -26.000 -22.000 -4.000 59.000 110.900 -26.000 0.000 85.000 0.000 0.000
9/29/2008 0.000 0.000 -26.000 26.000 85.000 101.800 0.000 0.000 85.000 0.000 0.000
9/30/2008 0.000 0.000 0.000 0.000 85.000 95.500 0.000 0.000 85.000 0.000 0.000
10/1/2008 52.500 20.000 20.000 0.000 85.000 94.200 0.000 0.000 85.000 0.000 0.000
10/2/2008 0.000 0.000 5.000 -5.000 80.000 83.200 0.000 0.000 80.000 0.000 0.000
10/3/2008 0.000 0.000 0.000 0.000 80.000 80.200 0.000 0.000 80.000 0.000 0.000
10/6/2008 0.000 0.000 0.000 0.000 80.000 77.200 0.000 0.000 80.000 0.000 0.000
• This table summarizes recent Temporary Open Market Operations. All values in $billions.
• The "Sloshing" columns show the total repos that have been accepted but have not yet matured as of the date shown.
• This source of the data is the NY Fed web site. Each time this page is loaded, that site may be accessed and because of that delays are possible.

I don’t make this up nor do I treat it lightly. The above information was obtained through the NY Fed Site and THAT IS WHY THERE IS LIKELY AN ADDITION/SUBTRACTION ERROR (SEE 9/29). It is likely that the FED withdrew an actual $157 Billion rather than the $131 Billion that I cited. The above spreadsheet treats a drain as an add of $26 Billion. I simply chose to accept the six day drain rather than point out the potential $157 Billion drain.

THE MAGNITUDE OF THIS DRAIN IS UNPARALLELED IN HISTORY – PERIOD. THIS IS A PLANNED FAILURE IN ORDER TO SCARE THE PUBLIC INTO THE ACCEPTANCE OF WHATEVER THE FED AND/OR TREASURY WANT US TO ACCEPT. HISTORY IS REPLETE WITH EXAMPLES OF THIS. LOOK UP THE ROTHSCHILD FAMILY, LOOK AT THE MORGAN FAMILY, ETC. READ “THE CREATURE FROM JEKYLL ISLAND” – IT IS AN EXPOSE ON THE CREATION OF THE FEDERAL RESERVE SYSTEM.

FUNNY HOW THOSE NAMES ARE STILL AROUND AND EVEN FUNNIER HOW THEY ARE ONE OF ONLY A FEW LEFT STANDING. CURIOUS THOUGH, HOW GOLDMAN SACHS IS FLOURISHING – ESPECIALLY WHEN ONE THINKS WHERE PAULSEN AND RUBIN CAME FROM.

[longnine009]

Problem/reaction/solution.  Create the problem, wait for the reaction, and offer your "solution."

It's treason and they should be hanged for it. And the man most responsible for what's happening  is  allan greenpuke.

Wouldn't it be funny if your average credit strapped, cash starved, McJob American  believed there might be more in for him if we did have a Great Depression?

[TwoShadows]

I would much rather suffer a few months than bail out the rich guys who bring all the misery on in the first place. NO ONE is or will regulate the greed mongers in this country. The whole thing is a con job (set up) with an agenda we are not even aware of. Looks like they may be trying to scare us into the Amero after all in an effort to keep up with Europe?    Don't mind holding hands with the Canadians but I sure don't want anything to do with the nations south of our borders. Wouldn't that be a great burden to take on and how in the world would that strengthen the U.S.? We are carrying half the world on our shoulders now and buying all our allies aren't we?

[longnine009]

People are on to the Amero. They should call it  Paulson's Poodles instead and make them  like the presidential dollars.  A poodle a month starting with Barney Franks.   

[Paint Your Wagon]

I was all day busy watching goldshares and gold  and buying some of both .
They say the only thing of value is the dollar because there are not enough dollars around .
Give me 24 people and 6 presses and paper and ink and I will solve that or I would just subcontract it to Germany 
Zaire got 20 tons of money per day by airoplane ; printed in Belgium .

Now in this time and age of computers I could also put one million dollars in any Americans account . I would only need the email adresses from providers and I could paypall it .

As to buying people off that is an Anglican custom .
I read somewhere that England gave away more then a million gold sovereigns to nations NOT to make war on them whilst they were at war somewhere else .

In the meantime Belgium gave 4.5 billion euro to Fortis bank and is now looking for like 7 billion more income or less outflow on next years budget

[TwoShadows]

I could live with LESS and a whole lot more of LESS CREDIT! I heard a fellow a few years back ask all Americans, "Just how long do you think a worthless piece of paper can go up in value before someone actually gets stuck with just that---a worthless piece of paper?" It is a shame its usually the little guy who gets caught holding the bag. Somewhere along the line someone is actually holding the REAL money that was invested in that worthless piece of paper. The money did not disappear! Just its trail!

[longnine009]

Our Senators (both Republicans) voted against the "bail-out" bill, how did yours respond?

Well of course  our senators strutted the Poodle runway with Hank.  You expected something different from   Flawduh?   

[Paint Your Wagon]

Like in a disaster film where they focus on three families whilst thousands die also in the news they focus on a few examples

There is this greedy man of about 70 who bought a retirement home in Spain on a mortgage ( having the money in hand )
He then went an put his money into a fully guaranteed and insured structured vehicle that gave more percentage then is mortgage was
So he was winning on the house going up in value and on the cash in hand
Now this vehicle was guarnteed by Lehmans and his assets are frozen probably all gone and he cannot meet mortgage payments on his way now overpriced Spanish home anymore . ( House prices in Spain are cratering too at the costas )

So he tried suicide and failed . Now they pumped so many tranquilizers and threecyclic ant god knows what into him that he told his story on TV
Why is it that people want credit if they have the money to pay cash ?

I never had a credit card in my life

[ElleKitty]

Link: http://www.daveramsey.com/etc/fed_bailout/3_steps_to_change_the_nations_future_10928.htmlc?ictid=mlfrnd

[longnine009]

Our Senators (both Republicans) voted against the "bail-out" bill, how did yours respond?

Well of course  our senators strutted the Poodle runway with Hank.  You expected something different from   Flawduh?   

My keyboard "mis-keyed."  Flawduh Democrat Bill Nelson voted against. Here's the Poodle list of how they voted.
http://www.usnews.com/blogs/the-home-front/2008/10/2/the-senate-bailout-bill-how-they-voted.html?s_cid=rss:the-home-front:the-senate-bailout-bill-how-they-voted

 

[Paint Your Wagon]

This could be coming
More scary then 1929

http://chronicle.com/temp/reprint.php?id=477k3d8mh2wmtpc4b6h07p4hy9z83x18

[longnine009]

Why is it that people want credit if they have the money to pay cash ?

I never had a credit card in my life

I think people are naturally greedy despite their claims to the contrary.  And maybe that's necessary to over come the risk taking necessary for society to "progress."  People talk a good game about how's there's nothing for nothing but then you'll see them in line buying lotto tickets which is really the same thing. That dollar you pay for a possible pay out of 30 million is practically the same thing as asking for something for nothing. No one is greedy but lotto sales for some odd reason climb with a rising  jackpot.

I don't have a problem with the greed of the past.  I have a big problem with  today's greed and today's so called capitalism. I object to people who don't want take their losses. At least in the Great Depression people just jumped out a window or something instead bothering everyone. Or so we are told.

No one ever told me  I'd be getting  a share of their  profits if things worked out, so why  should except a share of their losses? And then these pukes justify it all by saying things will be much worse if I don't take their losses for them.  ****NEGATING A NEGATIVE (OR ELSE) IS NOT A "DEAL"  ITS A  MAFIA SHAKEDOWN.****

Why are people so pissed off with this bail out Bill? It's not that they are mad because  banks are getting bailed out, they're absolutely livid  that there is so little in the Bill that bails them out.  

[Paint Your Wagon]

Belgium has been tightening for 15 years now to get into the european union

The word I hate most is Solidarity cause it means I who worked paid extra taxes for somebody else who either did not work or was North African with 12 children that were not necessarily his but claimed by him to be his

The people that got neglected were the infirm and the homeless

Now in Europe the Irish let the cat out of the bag . They raised state insurance on banks to a level above the UK so that millions are flowing into the Irish banks . Of course the others call faul and are going to raise state insurance on banks too

[longnine009]

This could be coming
More scary then 1929

http://chronicle.com/temp/reprint.php?id=477k3d8mh2wmtpc4b6h07p4hy9z83x18

http://www.gold-eagle.com/editorials_04/faber102004.html

Just replace John Law with Allan Greenpuke and replace South Sea Company with securitized investment vehicle and it's clear to me the genius' on wallstreet didn't  think of anything new accept how to shift their screw up onto the taxpayers.

[longnine009]

Now in Europe the Irish let the cat out of the bag . They raised state insurance on banks to a level above the UK so that millions are flowing into the Irish banks . Of course the others call faul and are going to raise state insurance on banks too

I read they are going to guarantee an amount that is twice their GDP. How do you do that?  A slave nation can only give you  one GDP. Americans need to find that out because I think before Paulson and his poodles are done, we'll be  expected to guarantee about 50 GDPs.

[Paint Your Wagon]

When Belgium started tightening their debt was 130% of GDP and after 15 years of tightening we still feel the pain . And at that the debt was for 95% heald by citizens of Belgium . So they could for once have renegated on the intrest payments . That is what everybody feared that they would stop intrest payments . They could do that once only of course because afterwards everybody would buy Swisse bonds .

As long as you can pay the intrest on the debt you can borrow and borrow . But a day may come that intrest rates go to 20% or so and if you have no surplus on the budget nor on the trade balance you are in dire problems if you can no longer pay the intrest ( not even talking about not being able to increase the principal or decrease it )

[longnine009]

Here's our "democracy" in action.  It's a bigger con than the bail out.
http://www.propeller.com/story/2008/10/02/sen-feinstein-receives-91000-calls-85000-against-the-bailout-bill/

[KurtS]

Longine, yeah--it's pretty shameful.  A half dozen local reps and Senators who keep saying they're "progressive" and decoupled from special interests voted for the bailout. What a bunch of hypocrites--they deserve to lose next election.

[longnine009]

I got a real laugh out of McCain saying he would appoint Warren Buffet as Secretary of the Treasury. Like dude, Warren Buffet is busy managing an actual *legitimate* business.  Why would he want to work for a prostitution ring?

I don't care who wins the election as long as Paulson is the first out the door. 

[Paint Your Wagon]

germany has declared they are opposed against helping banks ( I suppose depositors as well as shareholder can go down the drain ; I agree shareholders and banksters took their greedy chances but I do not agree that small depositors should lose all )
very strange meeting between germany and france and italy with the non euro country Uk in Paris

From several parties messages have reached me that this weekend one or more mainstream euro banks will go belly up

I hope I got enough gold and that the germans do not come for a third time to belgium to take it away 

http://www.tijd.be/nieuws/buitenland/Duitsland_wil_geen_Europees_reddingsplan.8085924-439.art

[scottishmoney]

All that not covering small depositors will affect is persuading them to withdrawal their meager funds from said institutions.  Good job Germany.  Guess I will not bank there.

I have personally moved some funds from some institutions into others that are presumably more stable. 

[Paint Your Wagon]

I am now rebalancing accounts daily ( I get sick of this )
I got three banks and am not satisfied with a single one
Fortis got 4 billion last sunday and now is reported this was gone tuesday morning
Now they got like 16 billion and lost all holland activities and it is reported this will not suffice to survive
The government who since sunday got 49 % will either nationalise or sell or keep the fortis share suspended on monday

My second bank ING refuses to buy Tanzanian TRE and MFL Minefinders so as a total service bank ING sucks

My third bank is totally unknown but the fifth bank in belgium but they only take deposits and place them without any stockmarket service so to speak of Argenta that is . But the state guarantee applies to Argenta too

Dexia had to be bailed out and I had personnal problems with AXA who works with independant office managers

Since I am sueing another large bank for a car accident one of their clients provoked and since they offered 600 euro for a BMW and personal injuries I am now since 2005 proceeding against them . They paid 3000 in deposits sofar but after being "convicted" they still are not settling
I don't mind since legal intrest is like 2% above commercial intrest : I hope they do not go bankrupt before I get my pound of flesh and blood

So that leaves me with zero belgian banks to go to .
Since the french have 70 000 euro guarantee per person I will now consider taking a french bank

[longnine009]

They should have a world pool, like a football pool or fantasy football where you can buy a ticket for say $100 and bet which bank in the world will be the next. Or which bank in the world will be the one that knocks over all the dominoes.  How about guessing, to the nearest billion, the dollar amount the world will spend in a given week rescuing pimps and whores from stupidity. Or which whore has the cutest poodle in their arms. The whole thing can even be administered and over seen by Over Lord Goldman Sachs--for 75% of the take. Then there's T.V shows. Paulson would make a good game show host wouldn't he?
"Yes Hank, I'd like to buy a Poodle for three hundred." 

"Fantasy Banking."  The way banking should be. This  will be good for Amerika  and good for the world. 

                             Was it good for you?