"Infinite amount of cash at the Federal Reserve"

https://twitter.com/Vis_in_numeris/status/1241905410157805568?s=20

 

Not Only That

The Fed has opened up swap lines with about 8-10 central banks in Europe. I don't recall any amounts involved but this is just another format of creating liquidity and eventually inflation.

It appears to me they are doing everything they can possibly do to collapse the global economy. I think they gave up on the Russians being responsible for everything so it will be blamed on Trump.

Bailouts everywhere you look, banks, industries, individuals and overseas central banks. Must hold this ponzi scheme together.

All of this and the markets blinked but are still down Gin today with a nice non-volatile over 1000 point swing.

 

Subbed....

 

I reckon this thread belongs in the Tinfoil section.

 

What is tinfoil about it? These are real headlines and real quotes from those who hold the levers of power. This is really happening whether you believe it or not.

 

https://www.marketwatch.com/story/f...com/story/fed-saying-aggressive-action-is-needed-starts-unlimited-qe-2020-03-23

The Fed is acting more quickly to try to “ward off” layoffs and is using all available channels to generate liquidity — Treasury, commercial paper, corporate bond, municipal bond markets — by buying assets across the board.

Unlimited purchases of every kind of debt imaginable. Think more debt will solve this problem? Get ready, this is the end of the old world and the beginning of a new era.

 

Since the Fed is now backstopping everyone I wonder if it's a good time to get a new EIN online and start floating commercial paper for my "company"

 

Next stop, a global currency

 

Maybe a permanent shutdown large parts of the economy.

Stole this from another forum (paraphrased):

"friend owns several [fast food franchises].

He bought them for his adult children to run.

They are laying off half of their hourly employees as they only now allow drive thru customers.

And even those are steadily decreasing."

I can see those jobs never coming back.

As well as more and more white-collar jobs as supply chains are disrupted.

 

https://www.zerohedge.com/markets/f...s-587-billion-bonds-past-week-27-gdp-just-foreign-central-banks-start-liquidate

...if the Fed continues QE at the current pace of $625 billion per week, the Fed's balance sheet will hit $10 trillion by June, or just below 50% of US GDP. Even assuming the Fed eases back of the gas pedal, its balance sheet is almost certain to hit $7 trillion by June.

That bolded part is just a projection, not a prediction, but we have stopped talking about billions like it matters. We now throw around trillions in casual conversation about the economy. It's a new era.

Oh and enjoy your $1200, peasants. May want to spend it while it's still worth something.

 

I wonder how many of the recently unemployed are thinking about how they were just compelled into job loss by dictate, as opposed to market forces.

 

Hokey smokes!

An article in today's Wall Street Journal mentions projections by economists at the St. Louis Federal Reserve of 50+ million unemployed by the end of June...nearly 1/3 of the labor force.

 

Unemployment claims are at 3.3 million as of last week.

 

Big business and society has simply not learned how to be fiscally responsible and just been borrowing and borrowing and not saving anything.

We have once again rewarded multi-billionaire companies for years of irresponsible spending and cooking-books.

And the people are so poor with nothing in savings they all need the government to print cash to get them thru the next 3 months or more.

These are going to be really hard times ahead. We are going to get crushed by the hyper inflation and debt we are amassing. I'm worried about our fiscal future as a nation if a hardship like this brings us to our knees to the point that the Fed is now on round III of bailouts and printing...

And this is literally the beginning of what could be a 2 year crisis and millions dead...

Hold on folks it's going to be a rough ride.

 

These are going to be really hard times ahead. We are going to get crushed by the hyper inflation and debt we are amassing. I'm worried about our fiscal future as a nation if a hardship like this brings us to our knees to the point that the Fed is now on round III of bailouts and printing...

That's my worry too. Is there anyone following this thread that can game out a scenario that doesn't end in disaster after this? How does the Fed walk this all back after the pandemic is over and some kind of stabilization emerges? Or is that even the plan?

 

I hate to keep going back to Zerohedge here but:

https://www.zerohedge.com/markets/fed-balance-sheet-hits-55-trillion-discount-window-usage-soars

...we now live in a world where the Fed buys a record $125 billion in bonds (and who knows what else either directly or via Blackrock) every single day, which means that as of the Friday's close, the Fed will have added a record $625 billion to its balance sheet and more specifically, $250 billion to the total as of March 25. In other words, in just a few short hours, the Fed's balance sheet will be $5.5 trillion, an increase of $1.3 trillion in two weeks (6% of GDP)

also https://www.marketwatch.com/story/f...cord-as-powell-says-there-is-no-limit-to-lending-power-2020-03-26?mod=home-page

The Federal Reserve’s balance sheet expanded to a record $5.3 trillion in the week ended March 25 from $4.7 trillion in the prior week, the central bank said Thursday.

The Fed’s balance sheet is expected to continue to expand as the central bank steps in to try to keep credit flowing in all corners of the financial market, including Treasurys, commercial paper and municipal bonds. Much of this increase was driven by the Fed’s open-ended buying of U.S. government bonds.

In an NBC News interview aired Thursday on “The Today Show,” Fed Chairman Jerome Powell said there was essentially no limit to the Fed’s emergency lending ability.

 

I hate to keep going back to Zerohedge here but:

But what? No buts, man. Zerohedge is one of the better news clearinghouses out there and it has helped me see through the MSM's lies repeatedly. The claims Assad gassed his people, the lies about Russia-gate, Ukraine-gate, etc... there's some stuff there now about how the FBI knew that there was disinformation used to spy on Carter Page and a whistleblower saying the CDC is twisting numbers on supposed deaths from Covid-19.

 

This has always been about "Get Trump!" Period. This virus is a nothing burger since it spreads slower than the flu and has no worse outcomes than the flu.

 

That's not what doctors are saying at all. A 5% case fatality rate is far higher than the flu, with its 0.1% case fatalities. Just stop with this nonsense. Of course certain parties are using this for political reasons but lets knock it off with the disinformation.

The county in which I live has seen about 11% of cases hospitalized and the average age of the infected is 44. Like anyone else, I've grown up with seasonal flu and I can't recall a time that anyone I've ever known was hospitalized for it, let alone 11% of the people that come down with it.

 

Well Lead, you're not wrong. This is gonna suck any way you spin it. For now, I'll count my blessings; there's a fresh roll of TP in the latrine, floors are waxed and I'm not eating burned squirrel off a stick yet. So far so good:

 

Good Post Lead. Unfortunately the virus is not killing the right people.

 

What we are witnessing is socialism bailing out capitalism again for the umpteenth time. I'm looking for the boot strappers here to call it for what it is, but they are oddly quiet. I guess seeing all of their "free market" dreams shattered could be tough on anyone...

 

This isn't socialism, it's government/industry corporatocracy. Never thought I'd see the day I quote HuffPost but:

https://www.huffpost.com/entry/the-myth-of-us-democracy-corporatocracy_b_836573

It is a myth that the United States of America was ever a democracy (most of the famous founder elite such as John Adams equated democracy with mob rule and wanted no part of it). The United States of America was actually created as a republic, in which Americans were supposed to have power through representatives who were supposed to actually represent the American people. The truth today, however, is that the United States is neither a democracy nor a republic. Americans are ruled by a corporatocracy: a partnership of “too-big-to-fail” corporations, the extremely wealthy elite, and corporate-collaborator government officials.

Note that was written during the Obama administration.

 

Here's the 6-minute YouTube version of this thread so far

 

Corona virus is a real threat ....more so to a segment of populations who have poor health conditions and age factoring in. The government has now persuaded us that they have legal rights to how, where, why, and when of our daily lives and they are using it to protect us as a nation, from a life threatening virus. However, they are destroying our economy, small businesses, and freedom in the process. Is it worth it? No. I'll quarantine at home to protect elderly relatives. It's not my neighbors job to quit working because we are high risk. It's my responsibility to protect myself and family, not the government. We're loosing more in this than we loose in the virus threat. Count the cost.

 

There is plan for 5 trillion equity purchase program by building a parallel S&P 500 ETN equivalent to 100K shares of SPY.

It has to be structured as an ETN so that it would qualify under the FED special bond purchase program.

Think hyperinflation is in our future and we will end up like Venezuela. 15 years down the line.

 

Could you publish a link to this?

 

This came in my messenger today. Opinions?

https://johnmichaelchambers.com/we-did-it-trump-ends-the-fed-as-we-know-it/

 

Opinion: Waste of time.

 

Certain economists have been whispering 'recession' since early 2019. It seems there has been a global pull to swing the clock back to Obama Standard Time. I didn't believe ONCE the post 2017 hope would last long. But like how the left got censored with virtual signalling triggered words the right did it too. Which I suspect may be fake trolls not really against Obama.

Rush Limbaugh tends to be down to earth and you can see people actually 'talk' without resorting to screaming and yelling though he makes fun of what Liberals say when they act stupid but doesn't insult or call them things like "A-holes" he just teases them a bit. I only heard Rush cuss a very few times and it was the standard (D) word we all use at one point. You can see his archives for free script to script including any stuttering errors. If you have really good speakers you can hear everyday background noises of his office or him ruffling papers.etc your not really meant to hear.

It seems real conservatives never really post online for some odd reason they choose to be the silent majority. To the real conservatives. How do you expect the country to turn around if you just sit on your butt and expect things to 'magically' work out? It's like putting a candle under a bushel and wondering why it doesn't shine.

"Where's the @#@$#$ light around here when you need it!" Psst it's covered up.

 

Great news! The Federal Reserve wants to force you to wear a COVID-free badge!

https://www.marketwatch.com/story/f...re-that-universal-covid-19-testing-will-help-restore-economic-health-2020-04-05

Bullard laid out a system where every American would be tested every day and would wear a badge with their negative result, similar to the ones people wear after they vote.

This would help the economy because people “could interact with each other with a lot of confidence,” he said. And the health-care sector would be able to bring care quickly to those in need.

Need any more evidence that the Fed is taking over the United States? REPORT TO YOUR TESTING STATION, CITIZEN.

 

And just to keep score:

https://www.marketwatch.com/story/f...tory/fed-balance-sheet-expands-to-record-581-trillion-in-latest-week-2020-04-02

The Federal Reserve’s balance sheet expanded to a record $5.81 trillion in the week ended April 1, an increase of $557 billion from the prior week, the central bank said Thursday.

The Fed is holding $3.34 trillion in Treasurys, up from $2.98 trillion in the prior week.