previously known as HOW-STUPID-CAN-IT-GET.
tomorrow the bond market is closed ... that should help for another new set of record highs, after all, we're in RECOVERY.
and your future obligations for the rise of this cesspool.
Over $4 trillion in QE-everything pumped into the very pockets of the people that blew-up the economy in 08, SEVENTY STRAIGHT MONTHS of zero-interest rates, over a 30% rise in the stock market last year and in the last 11 months over two new record highs printed every month and WE'RE STILL IN RECOVERY? REALLY?
really. I promise.
own more than 60,000 single family homes, all acquired via foreclosure. Announced Q2/2014 ... "Rental-Backed-Bonds". I suppose when you can't scam people with MBS anymore, you just re-create it under another name.
Alert: The Federal Reserve will no longer calculate the price changes of Fruit Cakes in the core inflation numbers going forward. Cited was the 'transitory' nature of Fruit Cake price adjustments over the last 250 years.
and used as a proven technical indicator going forward.
weather. This is an advance alert based upon the last 3 years of historical advance warnings.
then BUY and place an immediate SELL ORDER at 10.
In response ... Here's a list of the "accomplishments" of the top 10 publicly-held financial institutions over the last 67 months. Clearly the SEC, DOJ and Federal Reserve are proud of the achievements of our public financial institutions, providing such assistance in the economic 'recovery' thru unconventional methods has aided vastly in returning integerity to the financial sector and a high degree of consumer confidence going forward. It is indeed comforting to know bank officials do not see any reason investigators would be revising any of these charges, as the proof in overwhelming.
- Consumer Fraud
- Mortgage Fraud
- Securities Fraud
- Material Omissions in Contract
- Misappropriation of Client Funds
- Lying Under Oath
- Money Laundering
- Interest Rate Manipulation
- Falsifying Financial Records
- Tax Evasion - Domestic and International
- Stock Price Manipulation
- Conspiracy - Domestic and International
- Funding Known Terrorist Organizations
- Bribing Political Officials - Domestic and International
- Conspiring with known Felons
- Allegations of Murder - International
- Allegations of Drug Traffic Funding - International
In a related note ... The financial ETF's rallied on Friday.
and furthermore ... Yellen was optimistic about the economic scheme, outlook, saying that headwinds associated with the financial crisis have waned after nearly six years of zero-interest-rate funding and stimulating the very same people that blew-up the economy in 2008 with more than $4.3 trillion. I believe we have effectively insured that the smallest number of affluent in our country have benefited beyond their wildest expectations and that the nearly 70% that saw their personal wealth cut in half along with 30% that were effectively wiped-out, will soon see the affluent 'tinkle' on them in what many call 'tinkle-down-prosperity'. Hopefully the ECB will see how successful we will be in the U.S. over the next two decades. Yellen further suggested, as central banks step away from extraordinary and bazaar policies, markets may see more volatility. The Federal Reserve will strive to suppress volatility through covert and unconventional policies. Of course while appearing to clearly and transparently communicate monetary policy strategy in order to minimize the likelihood of 'being caught' as that could disrupt financial markets, she said; it is always a good idea to use the word "transitory" in such situations.
Going forward I'm hopefully we can 'collectively' work toward completing the greatest transfer of private sector wealth in the history of finance into the hands of the smallest number of extraordinarily corrupt people ever known, and assure that those 'chosen people' control the future of the workforce. In closing ... let me remind you all, "somebody has to dig the ditch and cut the yard" and everyone knows, it;s the "illusion" that matters, not the facts about it.
... What Janet Yellen really told European central bankers struggling to decide whether more bond purchases are needed to stave off deflation: Do whatever it takes, immediately. Central banks need to be prepared to employ all available tools, including unconventional and somewhat reckless policies if necessary, to support economic growth and reach their made-up inflation targets, Federal Reserve Chair Yellen said in the text to be delivered today at a Bank of France event in Paris. Yellen spoke as European Central Bank officials appeared divided and confused over how far they should go in pursuing bond purchases and stealth equity buying in order to pump-up failing economies across Europe as they enter their 3rd recession in three years. ECB President Mario Draghi said he intends to boost the bank’s balance sheet back toward March 2012 levels, or about 1 trillion euros ($1.24 trillion) larger than present, by 'buying' toxic assets for 100% of original value that anyone else wouldn't pay two-cents to acquire. Surely this move would inflate what is seen as worthless. After all, I can inflate the price of cow manure if I buy enough of it and keep paying more with each purchase, Yellen said in a reference to the aftermath of the planned 2008 global financial crisis.