QE4 Started & Nobody Noticed

fun thread to review. fed still pledging to prop up tesla via outright corporate bond buying while 401ks crash into nothingness.
 
Warlord said:
Gold was up 70 bucks today. They can only suppress it for so long.
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Really, who is still talking about tariffs now?

There's a big part of me that wants to rub Zip's, Swordy's and other noses in this turn of "news" but they're gone....so whatevs.

Treasuries are backed entirely by the working stiff's ability to pay interest to the bankers on debts, that's it. No worky=no taxy=no value.
 
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Ding ding ding. What do I win?

The article claims the Treasury ends up taking back all the Treasuries as bagholder and that may happen (I said the Fed would be ultimate bagholder) but close enough for government work. Ashes to ashes, dust to dust. The shit was never real in the first place.

https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html

In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.

This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
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Fwiw, it don't agree with the author's belief that stocks markets will ramp in response. These various debt instruments, that the Fed is buying, that are being "repatriated" (and canceled out) were the basis of much of the point values of the indexes in the first place, especially since probably 2001 but maybe as far back as early 1970's when the dollar became backed by fairy tales (Dow 3000-5000), along with general currency in circulation. Basic accounting says those entries have to be zero'ed out to balance the books and the associated points on the indexes removed also. Hence also the push to remove FRN cash from circulation as much as practical. They are liabilities that originated from Treasuries.

---------------
I should also incorporate my other long running threads about this grand plan:
http://www.ronpaulforums.com/showth...urt-ruling-in-Canada-debt-based-money-is-done

and

http://www.ronpaulforums.com/showthread.php?215160-Destruction-of-the-US-dollar
 
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Fed balance sheet this Thursday is going to be very interesting. The FIMA repos don't start until next week. Fed balance sheet a week from Thursday is going to also be very interesting.
 
4/2/20: $ 5.859T

Fed balance sheet will break $6T for sure next week. Will it hit $7T with the FIMA repos?
 
Bern said:
4/2/20: $ 5.859T

Fed balance sheet will break $6T for sure next week. Will it hit $7T with the FIMA repos?
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4/9/20: $ 6.131T

Much lower than I was expecting. Seems unreal with all the programs the Fed has initiated.
 
Bern said:
4/9/20: $ 6.131T

Much lower than I was expecting. Seems unreal with all the programs the Fed has initiated.
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The "balance sheet" doesn't reflect instruments like all of the repo collateral they're holding. That only goes on the balance sheet once the repo borrower has officially defaulted and it's questionable whether the Fed will actually even add defaulted collateral to the balance sheet instead of just making it disappear.
 
Cato guys think Powell doing a good job.




 
^^^^^^^^^^^^^^^^
Yeah, it's real skillful to create massive amounts of money out of nothing in a computer then shovel it into bank reserve accounts so those banks can make loans at interest. Courageous! /s



Isn't it great how the government shuts down the economy then is nice enough to loan us our own money at low interest? Such humanitarians they are! /s
(Every cent the Treasury has came from your past, current or future labor)

Neither Beckworth or Ozimek would be mistaken for Austrian economists, judging by their histories and writings.
 
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devil21 said:
^^^^^^^^^^^^^^^^


Just for giggles I looked up who Beckworth and Ozimek are. A couple of Keynesians posing as libertarians.
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I have linked to Beckworth's blog here for the last five years. Beckworth is decidedly not a Keynesian. Not sure where you got that. He is basically as Friedmanite as you get. My second favorite living economist behind Sumner. Right about everything the last ten years.

Don't really know much about Ozimek.
 
Krugminator2 said:
I have linked to Beckworth's blog here for the last five years. Beckworth is decidedly not a Keynesian. Not sure where you got that. He is basically as Friedmanite as you get. My second favorite living economist behind Sumner. Right about everything the last ten years.

Don't really know much about Ozimek.
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I edited my previous post to not attack them too much directly but suffice it to say that I don't put much stock into what long-time US Treasury employees think about anything, which is what Beckworth is. They've been integral to maintaining the Keynesian debt money slavery system, not opposing it.
 
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