Fed Warns Congress No More Printing of Money

reply to post by projectvxn


I really think Ben B isn't that bad.

Really man blame this shiznoz on Greenspan if anyone.

I think Big Ben is actually pretty damn smart and I heard from people he is genuinely a nice guy. I don't think he is like drinking blood hanging from a cave like a lot of people do.

reply to post by projectvxn


Dude- when you refer to shuffling their own debt around over the last year, are you talking about their own liquidity infusion and thus the hockey stick of their assets?
Are they the same?

Hmm, confusing.. I think a translation is needed.. ok .. here we go:

"We saved our own asses, screw off"

Then Congress does a collective "awwww" tails tucked firmly between their legs. Yay for Democracy.

reply to post by Moonsouljah


They're using part of that printed money to finance proxies to buy US Treasuries. It's the reason bond have been seeing so much volitility in the last year. The treasuries are then bought back at a later date by the fed and sold again to a different proxy.

[edit on 25-2-2010 by projectvxn]

reply to post by GreenBicMan


Bernard Madoff is a smart guy with a good natured demeanor and a former reputation for charity, but he's still a scum bag.

reply to post by projectvxn

That's very interesting but what proxies can they create that can quietly buy that many bonds?

reply to post by projectvxn


You can't compare Big Ben to M-dogg can you?

That's wrong holmes'

Originally posted by GreenBicMan

Uncle Ben turned the tables on them, did you hear?

Question was posed to Uncle Ben what his strat was for raising rates.

Then Ben asked congress what their strategy was and how they were going to quit spending so much.

... crickets ..

Maybe the Fed is calling in it's chips.

Time to load up the briefcase with gold bullion and get out of dodge city?

Time to pay the banksters?

Perhaps the fed smells the nationalization of it's assets in the air.

I mean what can they really do to collect on the money that they have loaned out for the last 97 years?

Employ a mercenary army to install thier own dictator, control the flow of information, install people in key positions of power within the military and government, buy off the oligarchy and occupy the country's key centers of interest?


[edit on 26-2-2010 by In nothing we trust]

The US government is completely insolvent, and has been since the Vietnam war which consumed the very last of America's financial resources.

First it borrowed from wealthy foreigners such as the middle east, Japan, and China. But they have had enough of feeding beggar America, knowing they will never be repaid.

Next the Federal Reserve, (a privately owned company), stepped up to feed beggar America with TRILLIONS of dollars, but they too have a limit to funding debt that can never be repaid.

Now beggar America is still hungry, and needs another big meal to support all the wars, waste, and corruption.

But the fridge is empty...............

um...uh-oh?

man nothing like a great thread to watch on the ats boards - i came across my old password tonite and really glad i did...

is the economy teetering? i think it probably is...

we have such amazing technology...i can't imagine that like the cool high speed rails being built, a crazy huge investment in tech research and development isn't happening...

i think as a society we don't need 'money' to survive and thrive - we have robots and stuff...3d printers...why are 3d printers not being pushed like crazy...if we could manipulate more complex forms we could print food or anything at all...

what is needed is a massive investment in space exploration...i don't care who you are...if you got a letter in the mail saying 'you've been offered a job at nasa' you'd take it...

seems crazy to me - there's no downside to it economically...it puts a lot of people to work, entails countless 'rocket science' jobs and everyone thinks it's cool, whether your American, Russian, Saudi Arabian, Indian, Chinese, Japanese...space is the place to be.

star trek can be ours if we want it

Some people would be more than content with a job, a roof over their head, and one substantial meal a day.

reply to post by TrainDispatcher


WOW! Did the fed finally consider it might be spending too much or are they taking a short break?

The US Currency has been degrading for quite some time, thanks to the manipulation of financial power (and the exponential growth in debt). This could well be deliberate, with an eye on equalizing the US dollar, Canadian Dollar and Mexican Peso, prior to the formulation of a North American Currency Union, with a single currency for the NAFTA states called the Amero (like the Euro in the Eurozone part of Europe). Rumor has it that a vast amount of this "currency" (800 billion) has already been shipped to China, America's largest creditor. A lot of money can be made here by the financiers. Food for thought.

reply to post by TrainDispatcher


excellent find!!

S&F!!

looks like Ron Paul hit a nerve??

End the Fed

Originally posted by ReelView
Well there are claims out there that the treasury agents of the uSA have personally told the President of Mexico that the uSA would be on the Gold Standard soon. There where stories not long ago about overseas embassies buying lots of local cash and many other stories. It could be the Fed is gracefully being shut down or trying to intimidate congress. One thing for sure, there is a substantial battle underway behind the scenes and my bets are we're going to see justice return. Amnesty for the massive treason is the intended plan rather than create a civil panic / civil war. Thee are simply way too many criminals in government to make the public aware of what is really going on.

I disagree we have lots of rope and a willing public to carry it out. It would send a message that would span the test of time. If you tried to screw this country you hang. And then return to the constitution and what the founders had in mind.

Originally posted by In nothing we trust

Originally posted by GreenBicMan

Uncle Ben turned the tables on them, did you hear?

Question was posed to Uncle Ben what his strat was for raising rates.

Then Ben asked congress what their strategy was and how they were going to quit spending so much.

... crickets ..

Maybe the Fed is calling in it's chips.

Time to load up the briefcase with gold bullion and get out of dodge city?

Time to pay the banksters?

Perhaps the fed smells the nationalization of it's assets in the air.

I mean what can they really do to collect on the money that they have loaned out for the last 97 years?

Employ a mercenary army to install thier own dictator, control the flow of information, install people in key positions of power within the military and government, buy off the oligarchy and occupy the country's key centers of interest?


[edit on 26-2-2010 by In nothing we trust]

God I hope you are not right. But you very well could be. Something stinks and I think we are living on borrowed time. It's simple really if we have no more money what happens? I think we are in for hard times and the regular people out in sheep land have no idea. I feel sorry for them in a way.

Originally posted by Subjective Truth
It's simple really if we have no more money what happens?

Two possible outcomes.
1/ Deflation, where everything just collapses and any savings or investment just disappear. History tells us that the people ALWAYS revolt in this situation, and there will be a revolution.

2/ Inflation, where the government just prints more and more money to pay government wages and expenses. Things appear to go on normally for a while, but prices for everything just explode upwards exponentially, as the currency becomes increasingly worthless.

The government usually starts a war, which takes people's minds off the problems of a financial depression.
The foreign enemy becomes the bad guy, not the government.
The government whips up patriotism, and stays in power.

The US government will decide which way this goes.............

1/ Martial law and concentration camps for the American public, to keep the elite safe and in power when the revolution starts.

2/ Nuclear war which will be totally disastrous for everyone on the planet.

Could go either way, the elite in America seem to be preparing for both scenarios.

Originally posted by projectvxn
reply to post by Moonsouljah

 

They're using part of that printed money to finance proxies to buy US Treasuries. It's the reason bond have been seeing so much volitility in the last year. The treasuries are then bought back at a later date by the fed and sold again to a different proxy.

[edit on 25-2-2010 by projectvxn]

You are correct, thats exactly what they have been doing. Haven't anyone noticed everytime that we have bond sales that a "mysterious direct buyer" comes in and makes sure that we don't have a failed bond sale (remember Portugal failing a few weeks ago). Even CNBC Santelli made a comment about that almost a month ago on the 14th of January and even this weeks bond sale. But the January one is the clip they never archived on CNBC but you can find it on youtube. But he hinted that everybody knows are starting to let out that it's the govt. that is buying back it's own debt on the direct buy and on top of that we don't know if some of the other buys that are bids aren't govt. either.

Originally posted by Subjective Truth
The biggest rat of all is jumping off the ship. I think we are in for a bumpy ride folks. They have run out of options they can not sell the debt and they can not print money to pay for it. We are truly screwed and if you can prepare it is only a matter of time it could be weeks or months or a couple of years something has to give. And if they can not find a war big enough the war will be on us it is the only way and history backs this up.

I was shocked at what he said about what the fed won't do for the congress. I believe that for him to literally come out and say what he did, is admitting that we can't cover for the economy anymore. I think everyone is whistling through the graveyard and ignoring what was in between the lines. There game isn't working anymore and their buys of their own Treasuries are coming out into the light more and more each time they have an auction. Every economists knows that when a country does what they do buy buying their own debt and run deficits like we do and have done the damage to our economy that our powers and corps have done can't last long financially. It's like Orwells 1984 where the interrogator O'Brien makes Winston to see 4 lights when there are only 3. It's Doublethink "the holding of two contradictory thoughts at the same time". The market should have tanked and the news should have been all over him about what he said and what he meant, they didn't because they knew what he meant and said and it scared them.

To both the posters remember, they are looking for money and the only thing left is the 401k's that they have put up trial balloons to take. The first was trying to have everyone's 401k's invested into SS (which we have already invested in by our taxes) and when more questions where asked they said it was just brainstorming. Then the second time was over a month ago when another panel from the Fed was seeing if it was possible to make 401k's put 20% of their investments into annuities since people took such a big hit during the turbulent market (million dollar bet that those annuities would be in those real real safe US Treasuries) .

The politicians don't have the guts to go to their people that supported them for so long and say we bankrupt the country and you won't be getting SS the way it's standing. Your pensions (Federal State and private) will have to be cut at least by half or more etc. etc.. For years the politicians used the useful idiots of the country to support there "ideas" and their base which are the rich. The cost of supporting the powerful and the elite is a hollowed out third world country with people trying to fight for whats left.

[edit on 26-2-2010 by hoghead cheese]

[edit on 26-2-2010 by hoghead cheese]

Originally posted by projectvxn
The fed has been circulating debt in a ponzi style scheme, for about a year now, through proxies to make it look like there's more demand for our debt overseas than actually exists. In short, we are already monetizing the debt.

[edit on 25-2-2010 by projectvxn]

In short debt, money printing means nothing. Wow! did I actually say that.

Yes, people still don't get it, but if your IQ is higher than 40 I can't understand why not.

Since the inception of the Federal Reserve they have printed, and loaned money out of nothing, 100% Fact and Provable.

The Money Never Existed that they Loaned Out and still doesn't.


ATS Thread Creature From Jekyll Island


[edit on 26-2-2010 by Realtruth]

Ben has no real choice.

Someone has to come up with around three billion extra dollars every single day to keep the US government functioning.

That is three billion MORE than the income the government already receives from taxes, excise, fines, and other government income.

The world can no longer support that, and neither can the Fed.

Something will have to be decided really soon.

My guess is the US treasury will start printing dollars itself, outside the Federal Reserve System. Otherwise the game is over.

What do you think would happen if every public servant and government employee stopped being paid. If every business that supplied the government with goods and services stopped being paid ?

[edit on 26/2/2010 by Silver Shadow]