From me to you ;) Just a recap of my own thoughts during the Bernanke congressional hearings. Hope someone out there might enjoy it ;)
Just a recap some of the things that went through my head during today's Bernanke testimony to the congress...
# Ancient_Warrior: What?! Is it 'be nice to Bernanke day'?
#Ancient_Warrior: "False sense of security" is exactly what the FED and
Gov are all about right now.
# Ancient_Warrior: The Bernanke/Gov policy is "smoke and mirrors to hide
the smoke and mirrors we used to make it appear we did something good/right."
# Ancient_Warrior: What is the "Balanced transparency" that Bernanke is
talking about? Balanced transparency?! Would that be like "Balanced honesty"???
# Ancient_Warrior: Bernanke "We are urging banks to make loans to credit
worthy customers." ??? tough job, lotta urging going on there ???
# Ancient_Warrior: Maybe if we just turn everything over to Bernanke we
will NEVER have to go through another slow down, soft spot, recession or
depression
# Ancient_Warrior: Central banks are the PROBLEM NOT the solution!
Congress and Bernanke lay out what and how will be discussed before
hearings... it's all BS
# Ancient_Warrior: Our Government has already been effectively taken
over by financial elites led by Goldman Sachs $GS and the FED.
# Ancient_Warrior: Not only Bernanke needs to listen to Ron Paul,
everyone needs to listen to Ron Paul. He has ONLY the best interests of
the Country at heart
# Ancient_Warrior: "False, bad information to the market place"
-Ron Paul to Bernanke
# Ancient_Warrior: Bernanke and the FED have done an excellent job of
saving all their pals at $GS and else where with tax $$ Have to give him
credit for that.
# Ancient_Warrior: WHY would Bernanke have to "Urge banks to make loans
to credit worthy customers"? It's not going to be effective without FORCING
bad loans
# Ancient_Warrior: Bernanke and the FED/GOV are all working towards
finding a way to bring back the bubble economy they all love so much.
That's the goal
# Ancient_Warrior: What did Bernanke say about foreclosures?! I thought
Barry already fixed that problem...
# Ancient_Warrior: Oops... I guess today I'm 'out of the closet' as far as not
being one of Bernanke's/FEDs strongest supporters...
# Ancient_Warrior: When Bernanke, the FED and central banks can over
take MJ chatter on twitter maybe we will all be saved. Until then...
anybody's guess?
# Ancient_Warrior: I saw yesterday that Bernanke has been having lots of
face-to-face time with congressional members lately. Wish I had fly on the
wall status
# Ancient_Warrior: Bernanke/FED are 100% CONVINCED that they can
handle inflation better/easier than deflation. What if they are wrong? Again...
# Ancient_Warrior: We GAVE the banks 23.7 TRILLION dollars Bernanke...
That would prop anyone up I would hope. Tell the truth about the consumer
4 a change.
# Ancient_Warrior: Bernanke and congress seldom talk about the consumer...
because the consumer is the main one being crushed here. Unemployment,
foreclosures
# Ancient_Warrior: With Bernanke our new policy seems to be that nothing
can interfere with or disrupt the market, What?! I think it's only allowed to rise
# Ancient_Warrior: We can't take our country back until we take the FED
back. The people want a FED audit. The Gov will not allow it.
# Ancient_Warrior: Since when is Gov capable of even 'showing an interest' in
actually reducing spending? It's not going to happen, it will be our downfall
# Ancient_Warrior: Sorry peeps, for all the negativity today. No secret I'm not
a big Bernanke FED fan. I think we are already Japan, a lost decade or two...
# Ancient_Warrior: China will not continue to buy our debt forever. India says
our problems r our own. Those economies will drive future growth, not ours.
# Ancient_Warrior: "Stabilize neighborhoods that are suffering from large
numbers of foreclosures"? -Bernanke What the heck does that MEAN?!
Pour more concrete
# Ancient_Warrior: 'They' Bernanke FED Gov are not addressing the REAL
issues in the economy at all... They continue to treat the symptoms only.
And hope...
# Ancient_Warrior: 'They' Bernanke/FED/Gov never talk about the people.
All we get to go on are manipulated numbers and empty promises. Agree
It's false hope
# Ancient_Warrior: If 'we the people' do not do something to regain control of
this situation we are doomed. IMHO. Wild spending & attempts to
RE-INFLATE fail
# Ancient_Warrior: They are trying to make things so extremely complicated
that no 1 can possibly figure out what's going on. That's the master plan.
#FED #GOV
# Ancient_Warrior: PLEASE go here and write your senator about audit the
FED S 604 http://www.campaignforliberty.com/campaigns/hr1207action.php
# Ancient_Warrior: Is it not yet obvious to everyone that the Gov FED Bernanke
ALL KNOW that health care is the next bubble to burst?!
# Ancient_Warrior: United, WE can burst all the bubbles. Wouldn't a
'bubble less' economy be so much better?! WE control the purse strings.
Lets use it
# Ancient_Warrior: Please see my last blog post to see what a bubble-less
economy might be like http://www.warlords2010.blogspot.com
# Ancient_Warrior: It doesn't HAVE to be their way (Bernanke Gov FED)
or no way. It can be OUR way, the right way. No pain, no gain.
# Ancient_Warrior: I envision a much 'simpler' life for Americans. Void of
Government FED intervention and interference. A USA run by the people
for the people
# Ancient_Warrior: We, here and now, can co-ordinate, co-operate in the
MILLIONS. Government and the FED do NOT have the same capabilities.
Unite
# Ancient_Warrior: If allowed to continue, unchecked, they (Government
FED Central Banks) will destroy us 2 save only themselves and their beloved
institutions
# Ancient_Warrior: The markets are both our funding and our weapon. They
manipulate it to take our money. Lets be smarter than they (Gov FED Bernanke)
# Ancient_Warrior: Know that the US Government, federal reserve and central
banks are the REAL institutions that have been deemed "Too big to fail".
Showing posts with label FED. Show all posts
Showing posts with label FED. Show all posts
Tuesday, July 21, 2009
Monday, July 13, 2009
The Financial Matrix
I have been thinking about 'fine print' quite a bit for months now... For instance I'm liable to switch from cable to DISH when the fine print on DISH's offers is not about a thousand words long and so small I have to find a magnifying glass to read it... Of course DISH doesn't have a monopoly on fine print by any stretch. Seems these days almost ALL large corporations have an infinite supply of fine print. Is the fine print to protect us, the consumer? I don't THINK so... It seems to have morphed over the years and decades into a convenient legal way to screw the consumer with the blessings of oversight committees everywhere.
My question is WHY? Why would all these companies (ie; cable to banks, financial companies to cell phone companies, etc) seem to have such a strong desire to destroy their own customer base?! In many cases this behavior not only exists but is accelerating! The worse the economic picture gets the more desperate they are to grab and horde as much cash as they possibly can. To me in an effort to survive the coming economic storm. Look at the 'logic?' of the credit card companies... Their reasoning seems to go something like... "Let's see, our default rate is going through the roof these days so let's raise everyone's interest rate through the roof." Excuse me but... WHAT?!
When did companies in the USA become so dependent upon taking advantage of those among us who don't know any better, who don't get it, who don't understand what is going on, who just need some cash, who run just a little short between pay checks, who buy things they shouldn't because they want to? Were these people, some of whom we all have to admit loving at some point in the family tree, easy marks? Suckers? Prey? For corporations....
I have many questions today, though few answers...
What is the REAL 'plan' for the banks? Not the media and talking heads version of the 'plan' for the banks. What is the Goldman Sachs plan for the banks? What is the Government/Treasury plan for the banks? What is the FED's plan for the banks? What are these entities saying, or even more importantly, doing behind the scenes? Are they actively manipulating our markets as never before? All the rules seem to be in a state of constant flux as far as the Government and Treasury go... The PPT... (The President's/Government's working Group). What exactly is it again that they are 'working' on???
Remember last fall when shorting some financial firms was not allowed? WHAT?! I hope many of you see and read the same things I do about the inflation numbers being intentionally understated, the GDP overstated, the unemployment rate understated. Did you believe the banks earnings last quarter? Don't they STILL have bookoo toxic assets on their books? What, in the end will happen to those assets anyway? Will the Administration and Treasury decide to just 'throw them away', to just announce that they 'don't count', to just state we're going to have a 'do over'? Something similar to what they have done with/for Chrysler and GM?
The FED? Who the hell knows?! Who can say?! The FED answers to NO ONE! Is there a more powerful entity in the universe than the FED? Could it be that when Jesus returns for the epic battle between good and evil it will be He vs the FED?
How can anyone hope to trade this market without knowing what sort of nuclear options these entities are capable of unleashing upon the world to prevent a much needed cleansing correction of the entire economy? They simply CANNOT allow the markets to correct because with the correction we so desperately need all of their finances would be wiped out. Not all of OUR finances, all of THEIR finances. The banks are still insolvent now. I think if the economy were allowed to accomplish what it needs and wants that bankruptcies could be as high as 25% or more. Including many darlings of the Government (ie; the Goldman Sach's of the world). It is NOT the end of the American economy that scares them. It is the end of American Government that bothers them. It is my own personal belief that there is far more corruption in the Government of the USA now than at any time in our short history. That is what I see crumbling under the pressures of freedom and democratic free market forces. It is their lack of access to capital that has them terrified.
But in the end it isn't really about money at all... We have no money. We have a fiat currency. Backed, currently, by not much more than a raised middle finger from uncle Sam. This is no secret to those in Washington. They all know our currency is but worthless pieces of paper. As long as there is 'faith' in it they have been able to shape the world to fit their own needs. But it's not at all about controlling as much fiat currency as possible. It's ONLY about the influence and power the green paper can buy.
We (traders specifically) play the game. The game within the game that 'they' designed 'for' us. They use the game (trading) to fill their coffers. Lets all resolve to play the game with gusto, with intelligence and keen insight. But lets also try to remember that the game may be nothing at all what it seems to be, appears to be. And always forever more there will be 'change'...
Greg
My question is WHY? Why would all these companies (ie; cable to banks, financial companies to cell phone companies, etc) seem to have such a strong desire to destroy their own customer base?! In many cases this behavior not only exists but is accelerating! The worse the economic picture gets the more desperate they are to grab and horde as much cash as they possibly can. To me in an effort to survive the coming economic storm. Look at the 'logic?' of the credit card companies... Their reasoning seems to go something like... "Let's see, our default rate is going through the roof these days so let's raise everyone's interest rate through the roof." Excuse me but... WHAT?!
When did companies in the USA become so dependent upon taking advantage of those among us who don't know any better, who don't get it, who don't understand what is going on, who just need some cash, who run just a little short between pay checks, who buy things they shouldn't because they want to? Were these people, some of whom we all have to admit loving at some point in the family tree, easy marks? Suckers? Prey? For corporations....
I have many questions today, though few answers...
What is the REAL 'plan' for the banks? Not the media and talking heads version of the 'plan' for the banks. What is the Goldman Sachs plan for the banks? What is the Government/Treasury plan for the banks? What is the FED's plan for the banks? What are these entities saying, or even more importantly, doing behind the scenes? Are they actively manipulating our markets as never before? All the rules seem to be in a state of constant flux as far as the Government and Treasury go... The PPT... (The President's/Government's working Group). What exactly is it again that they are 'working' on???
Remember last fall when shorting some financial firms was not allowed? WHAT?! I hope many of you see and read the same things I do about the inflation numbers being intentionally understated, the GDP overstated, the unemployment rate understated. Did you believe the banks earnings last quarter? Don't they STILL have bookoo toxic assets on their books? What, in the end will happen to those assets anyway? Will the Administration and Treasury decide to just 'throw them away', to just announce that they 'don't count', to just state we're going to have a 'do over'? Something similar to what they have done with/for Chrysler and GM?
The FED? Who the hell knows?! Who can say?! The FED answers to NO ONE! Is there a more powerful entity in the universe than the FED? Could it be that when Jesus returns for the epic battle between good and evil it will be He vs the FED?
How can anyone hope to trade this market without knowing what sort of nuclear options these entities are capable of unleashing upon the world to prevent a much needed cleansing correction of the entire economy? They simply CANNOT allow the markets to correct because with the correction we so desperately need all of their finances would be wiped out. Not all of OUR finances, all of THEIR finances. The banks are still insolvent now. I think if the economy were allowed to accomplish what it needs and wants that bankruptcies could be as high as 25% or more. Including many darlings of the Government (ie; the Goldman Sach's of the world). It is NOT the end of the American economy that scares them. It is the end of American Government that bothers them. It is my own personal belief that there is far more corruption in the Government of the USA now than at any time in our short history. That is what I see crumbling under the pressures of freedom and democratic free market forces. It is their lack of access to capital that has them terrified.
But in the end it isn't really about money at all... We have no money. We have a fiat currency. Backed, currently, by not much more than a raised middle finger from uncle Sam. This is no secret to those in Washington. They all know our currency is but worthless pieces of paper. As long as there is 'faith' in it they have been able to shape the world to fit their own needs. But it's not at all about controlling as much fiat currency as possible. It's ONLY about the influence and power the green paper can buy.
We (traders specifically) play the game. The game within the game that 'they' designed 'for' us. They use the game (trading) to fill their coffers. Lets all resolve to play the game with gusto, with intelligence and keen insight. But lets also try to remember that the game may be nothing at all what it seems to be, appears to be. And always forever more there will be 'change'...
Greg
Friday, July 10, 2009
Should we audit the FED?
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