QE / Wall Street and The Fed become one

[Chizzang]

Nice read.... very relaxing
http://online.wsj.com/news/articles/SB1 ... 0751473884" onclick="window.open(this.href);return false;

Some quotes:
"That was when I realized the Fed had lost any remaining ability to think independently from Wall Street.."

"QE isn't really working...
Unless you're Wall Street. Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009. The biggest ones have only become more of a cartel: 0.2% of them now control more than 70% of the U.S. bank assets..."

Nicely Done

[SuperHornet]

?

[CAA Flagship]

#

[SuperHornet]

I meant: What is QE?

[travelinman67]

Tell me we've not become Europe.

Sad thing is, Chizzang...

...most people don't understand the relevance or magnitude of this data.

The American Dream has ended.

Revolution.

[tribe_pride]

I meant: What is QE?

http://en.wikipedia.org/wiki/Quantitati ... 2C_and_QE3" onclick="window.open(this.href);return false;

[YoUDeeMan]

I meant: What is QE?

Its a new women's football team...the Queen Elizabeth's...backed financially by wealthy men who want to watch women wrestle each other in panties and bras while some idiots actually think the league is about football.

Very complex stuff...not for the Mensa or testosterone challenged.

[Baldy]

Nice read.... very relaxing
http://online.wsj.com/news/articles/SB1 ... 0751473884" onclick="window.open(this.href);return false;

Some quotes:
"That was when I realized the Fed had lost any remaining ability to think independently from Wall Street.."

"QE isn't really working...
Unless you're Wall Street. Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009. The biggest ones have only become more of a cartel: 0.2% of them now control more than 70% of the U.S. bank assets..."

Nicely Done

Damn Chizz, you're beginning to sound like me.

[CitadelGrad]

QE has created about $2.2 trillion in bank reserves at this point. Less than half (about 1 trillion) has been created in domestic banks. The rest, about 1.2 trillion has been created in foreign banks.

QE is a massive program of wealth transference from American taxpayers to the global banking cartel. For this alone, Obama should be impeached and Bernanke should be imprisoned.

[SuperHornet]

I didn't see THAT in the linked Wiki, CG, but if true, it DOES sound pretty bad.

On the surface, at least, if I understood it right (and I'm not exactly sure I did), it sounded quite similar to a publically traded company conducting a massive stock buy-back.

Economics was never my strong suit, though. Easing of what? That implies that there's a pressure of some sort (probably inflation, but it could be something else). How does the governmental purchase of stocks, bonds, and the like relieve whatever pressure it's purported to relieve?

[CitadelGrad]

I didn't see THAT in the linked Wiki, CG, but if true, it DOES sound pretty bad.

On the surface, at least, if I understood it right (and I'm not exactly sure I did), it sounded quite similar to a publically traded company conducting a massive stock buy-back.

Economics was never my strong suit, though. Easing of what? That implies that there's a pressure of some sort (probably inflation, but it could be something else). How does the governmental purchase of stocks, bonds, and the like relieve whatever pressure it's purported to relieve?

Just shoot yourself now.

[CAA Flagship]

I meant: What is QE?

I meant "Let's play tic-tac-toe".

[AZGrizFan]

I didn't see THAT in the linked Wiki, CG, but if true, it DOES sound pretty bad.

On the surface, at least, if I understood it right (and I'm not exactly sure I did), it sounded quite similar to a publically traded company conducting a massive stock buy-back.

Economics was never my strong suit, though. Easing of what? That implies that there's a pressure of some sort (probably inflation, but it could be something else). How does the governmental purchase of stocks, bonds, and the like relieve whatever pressure it's purported to relieve?

Sweet fucking Jesus.

[D1B]

SuperEunuch - another dumb fucking conk.

[Pwns]

It's a fact, not a conspiracy theory, that the fed is a collection of private banks that prints money not backed by anything and then charges us large sums of taxes to pay interest on the debt. Is it any surprise they look out for Wall Street first?

Henry Ford was right...if Americans understood our banking system there would be blood in the streets.

[kalm]

Fight the power! Down with elitist scum!

I'm digging the conk populist front on this here thread.

Baldy, Graddy, Pwns, see ya at the next OWS coffee clutch!

[Chizzang]

It's a fact, not a conspiracy theory, that the fed is a collection of private banks that prints money not backed by anything and then charges us large sums of taxes to pay interest on the debt. Is it any surprise they look out for Wall Street first?

Henry Ford was right...if Americans understood our banking system there would be blood in the streets.

This ^ is correct

[Chizzang]

QE is a massive program of wealth transference from American taxpayers to the global banking cartel. For this alone, Obama should be impeached and Bernanke should be imprisoned.

You realize that Romney said (out loud) that he would effectively "fire" Fed Chairman Ben Bernanke if he were elected... so you see there was NO WAY after that statement that Romney would get anywhere near the Presidency

In order to BE president in this country Now Days
You MUST be subservient to the Fed and The Street

[CitadelGrad]

Fight the power! Down with elitist scum!

I'm digging the conk populist front on this here thread.

Baldy, Graddy, Pwns, see ya at the next OWS coffee clutch!

I'm far from a populist. OWS is a bunch of socialist idiots. They are far from populist as well.

[CitadelGrad]

QE is a massive program of wealth transference from American taxpayers to the global banking cartel. For this alone, Obama should be impeached and Bernanke should be imprisoned.

You realize that Romney said (out loud) that he would effectively "fire" Fed Chairman Ben Bernanke if he were elected... so you see there was NO WAY after that statement that Romney would get anywhere near the Presidency

In order to BE president in this country Now Days
You MUST be subservient to the Fed and The Street

Um, Romney wasn't going to be allowed anywhere near the Oval Office anyway.

[Baldy]

Fight the power! Down with elitist scum!

I'm digging the conk populist front on this here thread.

Baldy, Graddy, Pwns, see ya at the next OWS coffee clutch!

[Cap'n Cat]

Fight the power! Down with elitist scum!

I'm digging the conk populist front on this here thread.

Baldy, Graddy, Pwns, see ya at the next OWS coffee clutch!

Baldy and I are gonna dance in the streets together at Hillary's inauguration (that is, if Obama doesn't get a third term). Trying to swing an invite through Saul Alinsky....

[kalm]

Fight the power! Down with elitist scum!

I'm digging the conk populist front on this here thread.

Baldy, Graddy, Pwns, see ya at the next OWS coffee clutch!

How's about we swing you guys by Literally Anonymous on the way?

[Cap'n Cat]

How's about we swing you guys by Literally Anonymous on the way?

Only if Bunco's there.

[kalm]

Wall Street fears even a discussion of these things. Pussy faux capitalists...

http://www.politico.com/story/2013/11/w ... 99697.html" onclick="window.open(this.href);return false;