Anonymous ID: 9f3734 Dec. 18, 2019, 12:01 p.m. No.7548442   🗄️.is 🔗kun   >>8467 >>8592 >>8602 >>8900

Moar on the Fed injection to cover "settlement gaps" and prevent implosion:

 

https://charleshughsmith.blogspot.com/2019/12/a-market-that-needs-1-trillion-in-panic.html

 

Sunday, December 15, 2019

A "Market" That Needs $1 Trillion in Panic-Money-Printing by the Fed to Stave Off Implosion Is Not a Market

 

It was all fun and games enriching the super-wealthy but now the karmic cost of the Fed's manipulation and propaganda is about to come due.

A "market" that needs $1 trillion in panic-money-printing by the Fed to stave off a karmic-overdue implosion is not a market: a legitimate market enables price discovery. What is price discovery? The decisions and actions of buyers and sellers set the price of everything: assets, goods, services, risk and the price of borrowing money, i.e. interest rates and the availability of credit.

The U.S. has not had legitimate market in 12 years. What we call "the market" is a crude simulation that obscures the Federal Reserve's Socialism for the Super-Wealthy: the vast majority of the income-producing assets are owned by the super-wealthy, and so all the Fed money-printing that's been needed to inflate asset bubbles to new extremes only serves to further enrich the already-super-wealthy.

The apologists claim the bubbles must be inflated to "help" the average American, but that claim is absurdly specious. The majority of Americans "own" near-zero assets that earn income; at best they own rapidly-depreciating vehicles, a home that doesn't generate any income and a life insurance policy that pays off only when they pass away.

The average American uses the family home for shelter, and so its currently inflated price does nothing to improve the household income: it's paper wealth, and we've already seen how rapidly that paper wealth can vanish when Housing Bubble #1 popped. (Housing Bubble #2 is currently sliding toward the edge of the abyss.)

Were legitimate price discovery allowed, the asset bubbles would pop, and the real-world impact on the average household that owns essentially zero income-producing assets would be minimal. Their overvalued house would fall in half, but since it still functions as shelter, the actual economic impact is minimal. As for the life insurance company's losses–where's the benefit today of an "asset" that only pays out when you die?

Meanwhile, the super-wealthy own stocks, bonds, companies and commercial real estate, all of which generate income. The rich get richer in two ways: their assets generate small fortunes in income (unearned income is what separates "the rich" from everyone else) and thanks to the Fed's constant goosing of asset prices, their paper wealth has multiplied.

The dirty little secret that nobody dares whisper lest the whisper trigger a self-reinforcing avalanche is that this Fed-manipulated "market" is illiquid: if any serious selling were to arise, there wouldn't be enough buyers to stave off a complete implosion of the bubbles.

The Fed's game is to create the illusion of liquidity by being the buyer of last resort, only now the Fed is the only buyer. This is the toxic consequence of the Fed's 12 long years of Socialism for the Super-Wealthy: thanks to the Fed's destruction of price discovery, the super-wealthy no longer worry about liquidity, so leverage is the name of the game.

The Super-Wealthy can gamble with hundreds of billions to stripmine the economy and not worry about whether a buyer will actually pay the overvalued price of the asset, because they can count on the Fed to step up and panic-money-print whatever sums are needed to maintain the illusion of liquidity.

If the "market" is so healthy, why is the Fed panic-money-printing over $1 trillion in a few months? Please glance at the charts below: the Fed has printed $213 billion in repos and $336 billion for asset purchases in the blink of an eye, and the Fed has promised to panic-print another $200+ billion in repos and another $300+ billion in asset purchases, for a grand total of over $1 trillion in panic-money-printing.

See link for remainder.

Anonymous ID: 9f3734 Dec. 18, 2019, 12:05 p.m. No.7548486   🗄️.is 🔗kun   >>8654

Secret Deep State Demands: The FBI Wants Consumers' Credit Data

By Mac Slavo

December 18, 2019

https://www.lewrockwell.com/2019/12/mac-slavo/secret-deep-state-demands-the-fbi-wants-consumers-credit-data/

The Federal Bureau of Investigation has secretly demanded access to a whole bunch of consumer credit information and data. Recently revealed documents prove that the FBI wants access to troves of financial information from the nation’s largest credit agencies.

 

According to a report by Tech Crunch, this is a regular thing for the FBI. The government agency regularly uses these legal powers (known as national security letters) to compel credit giants to turn over non-content information, such as records of purchases and locations, that the agency deems necessary in national security investigations. But these letters have no judicial oversight and are typically filed with a gag order, preventing the recipient from disclosing the demand to anyone else; including the target of the letter.

 

Since the law changed (lawmakers changed it to protect themselves and the government at large) in 2015 in the wake of the Edward Snowden disclosures that revealed the scope of the U.S. government’s surveillance operations, recipients have been allowed to petition the FBI to be cut loose from the gag provisions and publish the letters with redactions. Only a few tech companies, including Facebook, Google, and Microsoft, have disclosed that they have ever received one or more national security letters.

 

While tech companies have often reported to their users when government agencies have demanded their information, credit companies have not. Most of these major data collectors have failed to publish their figures altogether.

Anonymous ID: 9f3734 Dec. 18, 2019, 12:23 p.m. No.7548703   🗄️.is 🔗kun

Remember, the [SES] employee, Trisha Anderson, tasked for oversight of the FISA process couldn't even take the time the review the FISA, just read a cover-sheet and rubber-stamp.

Does this demonstrate concern for the privacy of those targeted in such serious matters?

https://clintonfoundationtimeline.com/august-31-2018-senior-fbi-attorney-trisha-anderson-did-not-read-carter-page-title-1-fisa-warrant-application-before-signing-off-on-it/

https://www.theepochtimes.com/senior-fbi-lawyer-did-not-read-carter-page-fisa-before-signing-off-on-it_2793879.html