funny as hell that 'it' comes in here and tries to wind us up periodically. thanksgiving day was just too funny. whoever you are 'lynn'-not working
KEK!
funny as hell that 'it' comes in here and tries to wind us up periodically. thanksgiving day was just too funny. whoever you are 'lynn'-not working
KEK!
look at michael's reaction on the left.
peace for you and yours.. as always. missed ya yesterday!
place money for anon. had her in original
For you market watchers check article for a graphical display of the carnage of the last week.
https://www.zerohedge.com/news/2018-12-21/fear-reaches-most-extreme-ever-traders-see-panic-air
plenty of similar charts that are posted here during market hours detailing the swoon.
They are in a heap of shit now and have zero idea of what to do to stem the tide.
The phrase 'sold to you' is most applicable however they have run out of places or people to sell to.
Screwed
The FED has been neutered. Most, if not all, of it's former functions are now done through treasury.
Go into your bank, if you have a physical location and ask the manager, not a teller, what major change has happened in the last few months. They flow EVEYTHING through treasury now. Not so before.
If you had a transaction over $10k it automatically was flowed and reported through the FED.
Not any longer.
loosely translated "stop punishing poor things Mr. Macron"
treasury.gov
Go there and look at it's filings for the last year or so.
Paints quite a picture.
As far as jaw-boning them?
Yes. JP is not the typical FED POS we have had in the past. He is playing his role imo.
Absolutely no way in hell that rates raised on weds if we still had Mrs. Magoo at the top.
for the last 10 years if the markets had so much as a runny nose the FOMC refrained from doing anything to upset the flow.
Cheap, easy money was required to push these markets where they are today.
there is a mechanical aspect of raising rates other then having an announced rate rise affect prime rates (credit cards, mortgages etc).
They have to pull money out of the system to facilitate a rise in the borrowing rate it thinks it controls. The FED is really not the controlling factor in setting interest rates. The bond market is.
The money that is pulled out to make it more expensive when a rate rise announced is done via the reverse-repo process.
moar here:
https://www.newyorkfed.org/aboutthefed/fedpoint/fed04.html
Essentially you must have a mechanism that actually makes it more expensive for these participants. Rates are raised so money flow needs to come out of the system. It is done through this process.
Having said this have seen ZERO evidence that any of this was done when JY began the raising process last year.
When that started there was nothing filed at FRB or treasury, that anon could find, that proved they actually took the money out of the system to prove it was actually done in the correct way it says it has to do it.
Imo the rate raises have been nothing more than a raise by decree as the mechanical aspects of making money more expensive to borrow was not done.
But prime gets raised instantly…..that affects the common man.
Yes. If the system decided to take our guns…it would be done through treasury as well. It's in the patriot act.
Also in the patriot act is a provision to abscond with our retirement accounts in the event of an emergency, and replace them with US T-notes.
https://www.fincen.gov/resources/statutes-regulations/usa-patriot-act