Ben-Baby's Bodalicious Blowout

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machinehead's picture
machinehead
Status: Diamond Member (Offline)
Joined: Mar 18 2008
Posts: 1077
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.

'Pushing
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 --

http://www.federalreserve.gov/releases/h6/Current/

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.' Cool

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Ben-Baby's Bodalicious Blowout

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. 

machinehead's picture
machinehead
Status: Diamond Member (Offline)
Joined: Mar 18 2008
Posts: 1077
Re: Benny and Bernie

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
commercial information.

“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
Bloomberg News.

“In its considered judgment and in view of current
circumstances, it would be a dangerous step to release this
otherwise confidential information,” she wrote.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aGvwttDayiiM&refer=home

------------

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
trillion.'

So everything's cool, at least till next week. Cool

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Ponzi Scheme...sad but true
It's incredible that with our of our supposed technology and intelligence - we still collectively are duped by cheap ponzi schemes. Of course the truth is that bribes, threats and blackmail reign supreme in determining our national recourse. Government lies, over major life and death issues, go by with hardly a yawn from the public.

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