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| User Info | Bond Market To Bernanke and Obama: F^%k You! in forum [Ticker] | ||||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/899-Bo....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-25 15:16:30
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Nullzero Posts: 709 Incept: 2008-11-19 
SOCAL
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This is not looking good. It looks like Ben is playing a game of chicken against the market. If Ben does continue to print and starts to be the only buyer of debt what happens next?
2009-03-25 15:20:14
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Pika-steph Posts: 39200 Incept: 2007-09-11 
^Why I keep^ fighting; so he is not fighting for nothing. Online
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Watch Britain. Just watch them. Watch GBP. Closely.
---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-03-25 15:21:28
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Widgeon Posts: 6527 Incept: 2007-08-30
OK Online
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He wouldn't have taken this step if there were any other options. He's not going to stop.
2009-03-25 15:24:36
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Mayorquimby Posts: 5868 Incept: 2008-09-18
Ponzi Planet
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It's reverse musical chairs and everyone that wants a seat has one. My gut tells me that this isn't the blow-up yet though - just based upon the rhetoric coming out of various countries' mouths. This maybe a warning shot however...or not. We shall see. Whatever it is, it isn't good. Expect some major ass-kissing and various flights abroad in the coming weeks. So...what do you think Obamaco will offer up as incentive? You just know they're going to try and pull something. ---------- It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi!
2009-03-25 15:28:34
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Reza30 Posts: 233 Incept: 2009-02-15
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Karl, A U.S. politician once said that if you are not going to be respected, then you should be feared. I wonder if Bernanke was listening too, because fear and intimidation is all that he has been using up to this point. What we are seeing is a cascading effect of domestic and global reaction to all these fear tactics of the Fed. Nations are finding alternatives to the U.S., both in terms of investment and even in terms of reserve currency (China anyone?). Americans and foreigners are tired of interest rate manipulations; bailout weekends, and big bonuses to the very crooks who have brought this mess upon us. You have said many times that we need to restore "confidence" in our markets. I would add that we desperately need to restore respect in our government and in America as we used to know it. I believe if we did that confidence would follow naturally. Last modified:
2009-03-25 15:30:52 by reza30
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Iceroad40 Posts: 41 Incept: 2008-04-18
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Ben has cut away the life boats, doesnt care about the women and children and plans to take everyone down with the ship.
2009-03-25 15:29:22
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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So not good 
---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-03-25 15:31:11
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Tesla Posts: 8180 Incept: 2008-04-03
Delaware
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Would someone please explain the difference between Notes and T-bills, or point me to a reference ? TIA
---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-03-25 15:31:58
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Its a warning. There isn't a clean answer for Obama, as he'd have to abandon the deficit spending. Don't bet on that. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-25 15:32:40
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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Picking a fight with the bond market playa's is a not a good idea.....call me crazy, but it looks like theyre intentionally blowing this ****er up. If the US defaults, the dollar is sunk, goodbye world reserve currency, so unless I missed the memo or something, what is going to preserve any of these clowns wealth ? Steph ? Your thoughts ? Is govt default on the table or not ? How do they turn this QE nonsense off once its been turned on? Bluffing is a bad strategy to begin with ---------- Cause GS got all the beef.....Mliu
2009-03-25 15:33:22
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Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing. Online
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Tesla http://www.treasurydirect.gov/indiv/prod.... ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-03-25 15:33:32
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Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing. Online
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Bear - our government is a ways away yet....but not by much. It is other countries that are going to set this monster really rolling. England's Gilt auction failed today - and what has been happening to GBP since they announced QE? Bring up a daily chart of GBP/USD going back to March 8. Then talk to me about inflation. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Last modified:
2009-03-25 15:35:47 by pika-steph
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Lilvern1 Posts: 3180 Incept: 2007-09-28
Bender! You're blind, stinking, sober!
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I agree with Widg. He's not going to stop. I think his reason for not stopping has more to do with his deluded faith in Keysenian and Monetist theory than with him believing there is no other option. Its not just that he sees no other option. He actually thinks this is the correct/best option!! That's all quibbling though. The point is - he won't stop. If buying $300 billion in Treasuries won't lower rates, then he'll buy $600 billion, then a trillion, then 2 trillion, etc, etc. For over a year (since I started posting on TF) I have been in the minority of TFers who said it would eventually come to direct monetization of the debt. I was right about that, and I am very confident I will be right when I say Ben won't stop buying until we have a dollar crash, or a bond market implosion, or something of the like. ---------- "What part of 'we bailed you out' do you not get?" - Elizabeth Warren, Jan. 23, 2010
2009-03-25 15:34:47
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Trades50 Posts: 1144 Incept: 2007-10-30
IL Online
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If their talking out in the open about it and turbo Timmy agrees with the idea of another reserve currency? Did Turbo Timmy actally say this? I can't see how a sane treasury secretary would agree with the destruction of US dollar. We must be closer than we think to the dollar's destruction. ---------- Labor for the Globalist: World Class means Third World Class. Last modified:
2009-03-25 15:35:39 by trades50
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Mayorquimby Posts: 5868 Incept: 2008-09-18
Ponzi Planet
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How pathetic is this scenario - it's probably going to take the CHINESE telling Obama what KD has been telling Obama to get Obama to actually start doing the right thing. But remember, if you look at net imports of Chinese goods and overlay it with Chinese Treasury purchases you get a very simple correlation - the less crap we buy, the less money they lend. So there's that too of course. EDIT: IOW, it seems we've passed the event horizon and are spiraling into the drain at an exponentially faster clip. ---------- It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi! Last modified:
2009-03-25 15:37:37 by mayorquimby
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Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing. Online
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No. LOOK AT GBP! Has it been destroyed since they announced QE?? You guys are going the wrong way with this. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Last modified:
2009-03-25 15:37:09 by pika-steph
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Venkman Posts: 2608 Incept: 2008-03-08
Central Florida
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Guess who Ben is. ---------- Skittle crapping Unicorns - Taste the Rainbow!
2009-03-25 15:43:46
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Lilvern1 Posts: 3180 Incept: 2007-09-28
Bender! You're blind, stinking, sober!
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Last summer one GBP got you two dollars. Now one GBP gets you 1.45 dollars. Story is similar for other currencies vs GBP as well so we're not just talking about dollar strength here. ---------- "What part of 'we bailed you out' do you not get?" - Elizabeth Warren, Jan. 23, 2010
2009-03-25 15:47:23
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Tdray Posts: 115 Incept: 2008-12-11
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I think with the Chinese it might be a political "solution" to keep them buying. I wouldn't be surprised to see Taiwan sold down the road to keep China at the table. Just a thought
2009-03-25 15:49:34
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Mayorquimby Posts: 5868 Incept: 2008-09-18
Ponzi Planet
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Good thought Tdray. We have lots of bargaining chips to be played yet. We deserve to go to hell for playing them but...
---------- It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi!
2009-03-25 16:01:09
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Baldy Posts: 6555 Incept: 2008-05-16
Pittsburgh
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here's results (PDF 1 page): http://www.treasurydirect.gov/instit/ann....
---------- FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-03-25 16:04:05
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Peterpaul Posts: 249 Incept: 2008-03-21
Atlanta, GA
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Why should the Chinese buy Taiwan when it is as likely to fall into their lap in the next twenty years, anyway? The Chinese may consider the swap, but I expect that to be the last thing they trade their future purchases/roll overs of Treasuries. My hunch is that the Chinese will trade these transactions for the right to buy source material producers in our traditional territory. Mines, farm land, oil reserves, mineral rights, you name it, there is a host of other things they would like to buy first. ---------- "True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
2009-03-25 16:05:59
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Firefly Posts: 170 Incept: 2009-03-20
NYC
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Quote:There isn't a clean answer for Obama, as he'd have to abandon the deficit spending. Don't bet on that. So, that sounds like we're damned if we do and we're damned if we don't? Either we choose to end deficit spending, which results in everywhere looking like NOLA post Katrina or it's forced upon us because nobody will lend to us which results in everywhere looking like NOLA post Katrina?
2009-03-25 16:12:03
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Txin1880 Posts: 1270 Incept: 2009-02-25
Texas
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* MARCH 25, 2009, 2:44 P.M. ET Fed's Yellen: Fed Can Sell Treasurys When Needed In Future By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Federal Reserve Bank of San Francisco President Janet Yellen said Wednesday the government bonds the Fed is buying now to stimulate the economy can easily be unloaded in a time of economic recovery. "We certainly can sell the Treasurys" and "outright sales are possible" once better times arrive and the Fed no longer sees the need to buy government debt as a stimulative activity, Yellen said. The voting member was speaking to reporters after a speech given before a group of economists in New York. Last week the Fed shocked markets when it concluded a monetary policy gathering with an announcement it would sharply increase interventions into financial markets. Most notable was the Fed's plan to buy $300 billion in government bonds over the next six months. The Fed's balance sheet has grown markedly as it has moved to restart the financial system and aid the broader economy. Some fear growth will fuel an eventual inflation surge. Fed officials have long been able to point to the self-regulating nature of many of their current programs to assuage inflation fears. But the move to buy Treasury, agency and mortgage debt points to a more enduring expansion of the Fed's balance sheet. Yellen downplayed anxiety by saying the central bank could sell the Treasurys it's now buying at some point. She added that among other strategies, if the Fed were to gain the power to issue its own debt, that would also help manage a balance sheet contraction. -By Michael S. Derby, Dow Jones Newswires; 201-938-4192; michael.derby@dowjones.com ---------- Don't just starve the beast, slit it's throat. "Blow up your TV, throw away your paper. ~ John Prine
2009-03-25 16:12:05
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