Ben-Baby’s Bodalicious Blowout
You know, I had started to think that Ben-san was foot-dragging on
us. But last night’s Federal Reserve releases show that he has come
through for us inflation fiends, BIG TIME.
Consider the H.4.1
release … if you dare. Ben’s balance sheet has risen to just shy
of 2.3 trillion dollaronis — up an eye-popping 150% from 12 months ago.
on a string,’ you scoff. Not a bit of it. Cast your eyes, please, upon
the H.6 release. Ben’s smoldering heap of kerosene-soaked high-powered
money has finally burst into flames. The annualized growth rate of M1
money supply, during the three months from August to November, was …
wait for it … 36.9%. I am not making this up —
ah ha ha ha
AH HA HA HA
AH HA HA HA
He’s gone exponential on us. There are only two rational responses —
1. Back up the truck and shovel in gold till your hands bleed.
2. Party like there’s no tomorrow, because there probably won’t be.
As the late Saddam Hussein used to say … ‘Anything is possible now, my brothers.’
Truly interesting times…the Treasury Department recently sold $30 billion worth of 4 week bonds…at 0% yeild! Imagine, money for nothing and people are lining up to give it! I can only assume that people are so afraid of losses that they will bury their money anywhere. Imagine if the price of gold was not manipulated directly (central banks) and indirectly (paper gold and futures) – it would be soaring out of sight.
Like Bernie Madoff, the Ponzi prince, Ben-Baby doesn’t want us to
know how he’s achieving that amazing 150% growth in his smokin’ hot
FOMC Mad Hatters Hedge Fund. Some nosy reporters from Bloomberg tried
to find out, but Ben stiffed-armed them — ‘trade secrets,’ you know —
Dec. 12 (Bloomberg) — The Federal Reserve refused a request
by Bloomberg News to disclose the recipients of more than $2
trillion of emergency loans from U.S. taxpayers and the assets
the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of
Information Act requesting details about the terms of 11 Fed
lending programs, most created during the deepest financial
crisis since the Great Depression.
The Fed responded Dec. 8, saying it’s allowed to withhold
internal memos as well as information about trade secrets and
“Notwithstanding calls for enhanced transparency, the Board
must protect against the substantial, multiple harms that might
result from disclosure,” Jennifer J. Johnson, the secretary for
the Fed’s Board of Governors, said in a letter e-mailed to
“In its considered judgment and in view of current
circumstances, it would be a dangerous step to release this
otherwise confidential information,” she wrote.
Oh well, no worries. At least so far, Ben-Baby
hasn’t gone to the FBI and confessed that ‘It’s all just a big lie’ and
‘We were running a giant Ponzi scheme which cost the people $2.3
So everything’s cool, at least till next week.