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cypherdoc
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September 12, 2012, 02:21:34 PM
 #141


hmm, I thought supermario was buying govt. debt with no limit (albeit strings attached)?

what the hell is wrong with you Germans anyway?  can't you reign in that Merkel and the Karlsrhue?  Grin Wink

Draghi-f*cks  announcement is so garbled who knows what it means.  "sterilized" means no more new money.  "conditionality" means giving up sovereignty to IMF and Troika.  buying the short end is gonna mean a continual series of rollovers ad infinitum at increasing frequency.  they're making it worse.
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silverbox
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September 12, 2012, 02:44:26 PM
 #142


Draghi-f*cks  announcement is so garbled who knows what it means.  "sterilized" means no more new money.  "conditionality" means giving up sovereignty to IMF and Troika.  buying the short end is gonna mean a continual series of rollovers ad infinitum at increasing frequency.  they're making it worse.

There's still something left in the can, so kick it down the road..

Did you think they would do anything different??

The price movement in PM's is telling me Big Ben is about to get into the kicking game as well Wink
cypherdoc
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September 13, 2012, 02:10:32 PM
 #143

http://www.zerohedge.com/news/and-todays-most-shocking-headline-we-have

silverbox: "molecular!  front and center!

molecular:  "what?"

silverbox:  "pony up now.  right now!"

molecular:  "why?"

silverbox:  "so my gold can go up!"

 Grin
cypherdoc
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September 13, 2012, 02:42:16 PM
 #144

here's the problem there and throughout the world; banks get to pay 0% or print free money for themselves but they insist that everyone else, citizens, corporations, municipalities, and even gov'ts pay either thru high interest rates or thru "conditionalities" aka austerity or coughing up your assets (a few islands here and there).

when is the nightmare going to stop?
SkRRJyTC
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September 13, 2012, 04:41:56 PM
 #145

http://www.marketwatch.com/story/fed-to-launch-qe3-of-40-billion-mbs-each-month-2012-09-13?link=MW_latest_news


 Roll Eyes
totaleclipseofthebank
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September 13, 2012, 04:51:20 PM
 #146


why don't they just buy $40b of chevy volts, fill them with iphone 5s, solyndra solar panels, and corn ethanol, and then set them all on fire every month
Severian
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September 13, 2012, 04:52:42 PM
 #147

why don't they just buy $40b of chevy volts, fill them with iphone 5s, solyndra solar panels, and corn ethanol, and then set them all on fire every month

I'm confused. I thought that's what they're doing anyway.
TheDom
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September 13, 2012, 05:23:17 PM
 #148

So, does QE3 mean everyone here starts posting rocket pictures ?
SkRRJyTC
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September 13, 2012, 05:24:05 PM
 #149

So, does QE3 mean everyone here starts posting rocket pictures ?

Silver and Gold rockets Smiley
sadpandatech
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September 13, 2012, 07:11:36 PM
 #150

Jawbone...


If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
silverbox
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September 13, 2012, 07:34:33 PM
 #151

The fed is already easing.

As for the fed officially announcing additional easing and the media labeling it QE3.  Yup that will happen too.

hmmm..
SkRRJyTC
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September 13, 2012, 07:59:54 PM
 #152

Jawbone...
wut?...
SkRRJyTC
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September 13, 2012, 08:07:52 PM
 #153


It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.

This sounds like more than jawboning a stance to me...

"To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative."
sunnankar
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September 13, 2012, 08:14:27 PM
 #154

here's the problem there and throughout the world; banks get to pay 0% or print free money for themselves but they insist that everyone else, citizens, corporations, municipalities, and even gov'ts pay either thru high interest rates or thru "conditionalities" aka austerity or coughing up your assets (a few islands here and there).

when is the nightmare going to stop?

When more people take screwing banks seriously.

Melbustus
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September 13, 2012, 10:35:34 PM
 #155


It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.


They're going to start the $40B monthly purchasing TOMORROW.

So QE(infinity) starts tomorrow. Like lots of gov programs, this is going to be hard to shutdown once started without an explicit end-date set up front. A couple years from now, the argument will be "The Federal Reserve needs to maintain an active long-term role in debt markets in order to have an immediate tactical capability to smooth out market inefficiencies and maintain stability". I think it's fairly likely in the next couple years that these purchase targets will be raised here and there, giving the Fed more "flexibility", and something open-ended on the Treasury market will probably also happen. With $15T in total debt, gotta keep rates low for as long as possible somehow! Long-term consequences be damned.



Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
FreeMoney
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Strength in numbers


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September 14, 2012, 12:00:08 AM
 #156


It is a 'stance'... They haven't done anything yet. People hear what they want to hear and Ben understands this very well.


They're going to start the $40B monthly purchasing TOMORROW.

So QE(infinity) starts tomorrow. Like lots of gov programs, this is going to be hard to shutdown once started without an explicit end-date set up front. A couple years from now, the argument will be "The Federal Reserve needs to maintain an active long-term role in debt markets in order to have an immediate tactical capability to smooth out market inefficiencies and maintain stability". I think it's fairly likely in the next couple years that these purchase targets will be raised here and there, giving the Fed more "flexibility", and something open-ended on the Treasury market will probably also happen. With $15T in total debt, gotta keep rates low for as long as possible somehow! Long-term consequences be damned.




Right, today they talk. Tomorrow they act. :p

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Rothgar
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September 14, 2012, 04:19:04 AM
 #157

With $15T in total debt,

$16T cough $16T

Keep up with the times man,

http://www.treasurydirect.gov/NP/BPDLogin?application=np

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finway
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September 14, 2012, 04:29:25 AM
 #158

It will

Melbustus
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September 14, 2012, 08:07:16 AM
 #159



Meh. Off by a trillion dollars. Silly me. Was using figures from April, I guess. Lol.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
kokojie
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September 14, 2012, 12:31:19 PM
 #160



Meh. Off by a trillion dollars. Silly me. Was using figures from April, I guess. Lol.

http://www.usdebtclock.org/

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