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QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 5:50 pm
by 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
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 5:58 pm
by SuperHornet
?
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 6:26 pm
by CAA Flagship
#
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 7:25 pm
by SuperHornet
I meant: What is QE?
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 7:39 pm
by 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.
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 8:27 pm
by tribe_pride
SuperHornet wrote:I meant: What is QE?
http://en.wikipedia.org/wiki/Quantitati ... 2C_and_QE3" onclick="window.open(this.href);return false;
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 9:13 pm
by YoUDeeMan
SuperHornet wrote: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.
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 10:04 pm
by Baldy
Chizzang wrote: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.

Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 10:43 pm
by 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.
Re: QE / Wall Street and The Fed become one
Posted: Wed Nov 13, 2013 10:55 pm
by 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?
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 1:02 am
by CitadelGrad
SuperHornet wrote: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.
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 5:02 am
by CAA Flagship
SuperHornet wrote:I meant: What is QE?
I meant "Let's play tic-tac-toe".

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 6:28 am
by AZGrizFan
SuperHornet wrote: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.

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 6:35 am
by D1B
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 8:45 am
by 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.
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 8:50 am
by 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!

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 10:01 am
by Chizzang
Pwns wrote: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

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 10:08 am
by Chizzang
CitadelGrad wrote:
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

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 10:37 am
by CitadelGrad
kalm wrote: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.
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 10:43 am
by CitadelGrad
Chizzang wrote:CitadelGrad wrote:
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.
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 12:28 pm
by Baldy
kalm wrote: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!


Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 12:33 pm
by Cap'n Cat
Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 12:34 pm
by kalm
Baldy wrote:kalm wrote: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?

Re: QE / Wall Street and The Fed become one
Posted: Thu Nov 14, 2013 12:35 pm
by Cap'n Cat
kalm wrote:Baldy wrote:

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

Only if Bunco's there.
Re: QE / Wall Street and The Fed become one
Posted: Fri Nov 15, 2013 6:41 am
by 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;