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Thread: QE4 Started & Nobody Noticed

  1. #121
    Quote Originally Posted by Warlord View Post
    Here's the REAL truth from Schiff on Powell/Yellen/Bernanke: 'As clueless as ever!'.

    Peter Schiff has three equity funds. Here is how they have performed. Posted without comment

    https://europacificfunds.com/funds/gold-fund/
    Cumulative performance of his gold fund since it started 2013= -9.53% over seven years

    Cumulative performance of his International Value fund since 2010= -25.86%.
    https://europacificfunds.com/funds/value-fund/

    https://europacificfunds.com/funds/small-companies-fund
    Cumulative Performance of his Emerging Markets Small Cap funds = .99% since 2010.

    Here is how the S&P 500 etf has performed since 2010 not including dividends= +132%



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  3. #122
    Updated with Schiff Podcasts talking about Powell/Yellen/Bernanke.

    Check them out @devil21and @Krugminator2
    Pledge to donate to Rep. Thomas Massie on 4/20: (http://FundPatriotsDay.com)

    Donate to Rep. Thomas Massie on 4/20 (http://ThomasMassie.com)

    Follow Me on twitter: @MassieBomb





  4. #123
    Quote Originally Posted by Krugminator2 View Post
    Peter Schiff has three equity funds. Here is how they have performed. Posted without comment

    https://europacificfunds.com/funds/gold-fund/
    Cumulative performance of his gold fund since it started 2013= -9.53% over seven years

    Cumulative performance of his International Value fund since 2010= -25.86%.
    https://europacificfunds.com/funds/value-fund/

    https://europacificfunds.com/funds/small-companies-fund
    Cumulative Performance of his Emerging Markets Small Cap funds = .99% since 2010.

    Here is how the S&P 500 etf has performed since 2010 not including dividends= +132%
    Are you sure your looking at the right funds ?

    Why Peter Schiff’s international fund is up over 35% year-to-date

    https://www.cnbc.com/2016/09/07/pete...tual-fund.html

    2016.

    I don't invest with Schiff though I listen to him on economics and politics because he tells the truth using common sense Austrian economics.
    Pledge to donate to Rep. Thomas Massie on 4/20: (http://FundPatriotsDay.com)

    Donate to Rep. Thomas Massie on 4/20 (http://ThomasMassie.com)

    Follow Me on twitter: @MassieBomb





  5. #124
    Quote Originally Posted by Warlord View Post
    Are you sure your looking at the right funds ?
    Yes. The fund you linked to has lost a quarter of its value since inception. It also did well in 2016 when gold miners rallied. I am taking the performance right off the prospectus on his site which was updated last week.

  6. #125
    Quote Originally Posted by Krugminator2 View Post
    Peter Schiff has three equity funds. Here is how they have performed. Posted without comment

    https://europacificfunds.com/funds/gold-fund/
    Cumulative performance of his gold fund since it started 2013= -9.53% over seven years

    Cumulative performance of his International Value fund since 2010= -25.86%.
    https://europacificfunds.com/funds/value-fund/

    https://europacificfunds.com/funds/small-companies-fund
    Cumulative Performance of his Emerging Markets Small Cap funds = .99% since 2010.


    Here is how the S&P 500 etf has performed since 2010 not including dividends= +132%

    https://www.youtube.com/watch?v=dVW5LKPBe3k

    Skip to 31:50 he talks about his 'underperforming' funds and points out he is doing very well now and it's just the beginning. Morning Star has raised his 4 year performance from 1 star to 4 star. He talks about the gold stocks and Newmont which he owns a bunch of and is up 32% on the year.
    Last edited by Warlord; 04-10-2020 at 10:59 AM.
    Pledge to donate to Rep. Thomas Massie on 4/20: (http://FundPatriotsDay.com)

    Donate to Rep. Thomas Massie on 4/20 (http://ThomasMassie.com)

    Follow Me on twitter: @MassieBomb





  7. #126
    Quote Originally Posted by Warlord View Post
    Are you sure your looking at the right funds ?
    Yes. The fund you linked to has lost a quarter of its value since inception. It also did well in 2016 when gold miners rallied. I am taking the performance right off the prospectus on his site which was updated last week.

    Gold miners were up almost 100% on the year in 2016 when your CNBC was written. I don't see so well. How have they done the rest of the time outside of the small window when they promo was written.
    Last edited by Krugminator2; 04-10-2020 at 11:07 AM.

  8. #127
    Quote Originally Posted by Krugminator2 View Post
    Yes. The fund you linked to has lost a quarter of its value since inception. It also did well in 2016 when gold miners rallied. I am taking the performance right off the prospectus on his site which was updated last week.

    Gold miners were up almost 100% on the year in 2016 when your CNBC was written. I don't see so well. How have they done the rest of the time outside of the small window when they promo was written.
    https://bigcharts.marketwatch.com/ad...false&state=12
    Read my previous posts. He specifically talks about the so called undeperformance. He is not going to invest in a bubble (US stocks). He was waiting for a specific outcome which is now happening and will continue to happen.
    Pledge to donate to Rep. Thomas Massie on 4/20: (http://FundPatriotsDay.com)

    Donate to Rep. Thomas Massie on 4/20 (http://ThomasMassie.com)

    Follow Me on twitter: @MassieBomb





  9. #128
    Quote Originally Posted by Warlord View Post
    Read my previous posts. He specifically talks about the so called undeperformance. He is not going to invest in a bubble (US stocks). He was waiting for a specific outcome which is now happening and will continue to happen.
    Morningstar rates relative to asset class. Peter Schiff has recommended international stocks and gold stocks for the last decade, which would have lost you money. https://www.investmentnews.com/peter...s-stocks-31335 So basically you had to miss the bull market of a lifetime and lose money for a decade. Okay. Probably not a good strategy.

    BTW I am bullish on gold and gold miners over the coming years.

    This post was the exact bottom day in gold.
    Quote Originally Posted by Krugminator2 View Post
    It is funny there no gold threads right now when it actually makes sense to be a gold bull. There were all sorts of them in 2013 during euphoria. A couple of interesting factoids.

    Here is the average return of gold miners when you have selloffs like this.



    And the first time big speculators have been net short gold futures since 2002 which preceded a like 1000% runup in gold.

    Last edited by Krugminator2; 04-10-2020 at 11:26 AM.



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  11. #129
    Quote Originally Posted by Krugminator2 View Post
    Morningstar rates relative to asset class. Peter Schiff has recommended international stocks and gold stocks for the last decade, which would have lost you money. So basically you had to miss the bull market of a lifetime and lose money for a decade. Okay. Probably not a good strategy.

    BTW I am bullish on gold and gold miners.

    This post was the exact bottom day in gold.
    Your NOT listening to the podcast so this is my last response to you.

    'Slow and steady wins the race. I'm the tortoise of economics.'

    His strategy is waiting for the outcome, i.e the dollar collapse which hasn't happened. He says his funds are doing well now and will continue to do so. I am tempted to send him money.

    Of course if you pick 2010 as your start date his funds show losses. ('I'm not participating in the bubble'). I could pick 2001 and say 'gold has outperformed the S&P' which is TRUE.

    @devil21 do you have anything to add?
    Last edited by Warlord; 04-10-2020 at 11:34 AM.
    Pledge to donate to Rep. Thomas Massie on 4/20: (http://FundPatriotsDay.com)

    Donate to Rep. Thomas Massie on 4/20 (http://ThomasMassie.com)

    Follow Me on twitter: @MassieBomb





  12. #130
    @Warlord
    Nope, you covered it pretty well with the last sentence of your last post. Anyone can cherry-pick time periods to prove most anything. Can we pick the last 6000 years and say that gold and silver has outperformed everything, other than the timeless value of a human sweating his ass off in the sun planting a crop or building a pyramid?
    Last edited by devil21; 04-10-2020 at 12:26 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  13. #131
    Quote Originally Posted by Warlord View Post
    Your NOT listening to the podcast so this is my last response to you.

    'Slow and steady wins the race. I'm the tortoise of economics.'

    His strategy is waiting for the outcome, i.e the dollar collapse which hasn't happened. He says his funds are doing well now and will continue to do so. I am tempted to send him money.

    Of course if you pick 2010 as your start date his funds show losses. ('I'm not participating in the bubble'). I could pick 2001 and say 'gold has outperformed the S&P' which is TRUE.

    @devil21 do you have anything to add?
    Quote Originally Posted by devil21 View Post
    @Warlord
    Nope, you covered it pretty well with the last sentence of your last post. Anyone can cherry-pick time periods to prove most anything. Can we pick the last 6000 years and say that gold and silver has outperformed everything, other than the timeless value of a human sweating his ass off in the sun planting a crop or building a pyramid?
    Let it be said.

    I am out of ++ Rep for both of you.
    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”

    Read the RPF trolls' playbook here (post #3)

  14. #132
    Quote Originally Posted by Bern View Post
    4/9/20: $ 6.131T

    Much lower than I was expecting. Seems unreal with all the programs the Fed has initiated.
    I thought more about this and had an additional thought. AFAIK, the Fed is only authorized by statute to purchase Treasuries and a very few select assets via primary dealers, or make "loans" to other financial entities via repos, so how can the Fed legally buy junk bonds and every other piece of crap asset out there? There's two things the Fed always does. First, is follow the letter of the law, though they do make liberal interpretations of the law, in their operations. I've yet to see any instance of the Fed outright violating the FRA, especially publicly. The second is lie through their teeth. (Of course this is why FOMC has always needed audits...)

    Perhaps the Fed is merely jawboning about buying all the crap out there (junk bonds, stocks, munis, etc), with no intention of actually doing it, to trick market participants into supporting the bid side again, thinking they're going to front run the Fed? The bid side of most every market was drying up. Now there's bid coming back in various junk bond funds, ETFs, indexes, etc because the Fed said they're going to buy but are they actually and will they follow through? Or did the "news" itself create the bid so no actual buying needed? It will be interesting to see if the balance sheet continues to stay entirely in Treasuries and MBS and never takes on junk bonds and other crap. A big psyop to bring back the bid, at least until it's realized, if ever, that no, the Fed is NOT buying junk bonds, etc. Sounds like a banker move and reminds me of that old story about the Rothschilds and "Britain's loss to Napoleon". Watch what they do, not what they say.

    The Treasury is tasked with doling out money directly to the public, never the Fed, since Treas controls the people's trust account, not the Fed. The Fed would violate the FRA bigly and publicly by buying junk bonds, stocks, munis, etc, which would put money directly into the hands of the public. There have been no changes to the FRA or executive orders that would legally enable such a move, afaik.
    Last edited by devil21; 04-11-2020 at 11:13 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  15. #133
    Quote Originally Posted by devil21 View Post
    I thought more about this and had an additional thought. AFAIK, the Fed is only authorized by statute to purchase Treasuries and a very few select assets via primary dealers, or make "loans" to other financial entities via repos, so how can the Fed legally buy junk bonds and every other piece of crap asset out there? ...
    Bold emphasis is mine:
    Quote Originally Posted by Jim Bianco
    The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds is worse than the disease seizing financial markets. It may be.

    In just these past few weeks, the Fed has cut rates by 150 basis points to near zero and run through its entire 2008 crisis handbook. That wasn’t enough to calm markets, though — so the central bank also announced $1 trillion a day in repurchase agreements and unlimited quantitative easing, which includes a hard-to-understand $625 billion of bond buying a week going forward. At this rate, the Fed will own two-thirds of the Treasury market in a year.

    But it’s the alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:
    • CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer.
    • PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer.
    • TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities.
    • SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market.
    • MSBLP (Main Street Business Lending Program) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.


    To put it bluntly, the Fed isn’t allowed to do any of this. The central bank is only allowed to purchase or lend against securities that have government guarantee. This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac. An argument can be made that can also include municipal securities, but nothing in the laundry list above.

    So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.

    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.
    ...
    More: https://www.bloomberg.com/opinion/ar...e-than-disease
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  16. #134
    @Bern
    Yeah I read that article and may have even been the first to post it on RPF. It doesn't really respond to my thought though. Like the covid stuff, it doesn't matter if it's actually happening, all that matters is that people believe it's happening. IOW, the Fed and a few colluding entities announce they're going to do something, in this case a bunch of SPVs, then people react assuming it is happening. Voila presto magic the bid comes back. Whether those SPVs ever materialized doesn't matter. Many have likened banking to a form of 'magic', where believe is all that matters. They can talk about SPVs all day but the FRA doesn't, afaik, authorize such things, plus when they really do take action it's done through the FOMC and off-the-record, like the $20T or whatever it was in "loans" during the GFC. It took an act of Congress to even learn about that. Any way, I don't know if they are or aren't doing it, was just a thought seeing how the bankers are rarely ever honest about what they're doing.

    This is why it's good that you're following the balance sheet to see if it matches up to what they're claiming they're doing. I hope you continue to post the info.
    Last edited by devil21; 04-12-2020 at 02:20 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  17. #135
    Quote Originally Posted by devil21 View Post
    [MENTION=11178]...
    This is why it's good that you're following the balance sheet to see if it matches up to what they're claiming they're doing. I hope you continue to post the info.
    I will continue to check it, but you can also. They post updates on Thursdays around 4:30pm EST here:

    https://www.federalreserve.gov/releases/h41/

    Just click on the most recent date in the top left calendar. Scroll down to the total for the rightmost column in the first table.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  18. #136
    4/16/20 - $ 6.416 T

    Just another ho hum $300B increase.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?



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  20. #137
    4/23/20 - $ 6.621 T

    Only $205B this week.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  21. #138
    Ron Paul, right again - QE Infinity!!!
    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”

    Read the RPF trolls' playbook here (post #3)

  22. #139
    4/30/20 - $ 6.703 T

    Just $82B increase.

    I found this analysis of the Fed's balance sheet from last week:

    https://wolfstreet.com/2020/04/23/fe...bonds-or-etfs/

    tl;dr - The Fed isn't doing everything they announced they were going to do. It's almost like the announcements were "shock and awe".
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  23. #140
    Quote Originally Posted by Bern View Post
    4/30/20 - $ 6.703 T

    Just $82B increase.

    I found this analysis of the Fed's balance sheet from last week:

    https://wolfstreet.com/2020/04/23/fe...bonds-or-etfs/

    tl;dr - The Fed isn't doing everything they announced they were going to do. It's almost like the announcements were "shock and awe".
    Yeah, just as I wondered before, at least so far. Cover for the PPT (which, based on recent volume figures, looks to be little more than Citadel and Blackrock wash trading index funds back and forth all day long, in conjunction with curated "news" headlines for the rest of the algos to run with) and restoring the bid side to various markets via jawboning. 13(3) of the FRA is pretty restrictive and the Fed publicly buying up all kinds of junk, even through SPVs and intermediaries, would be an overt violation of the FRA.

    Also worth noting that the Fed's balance sheet is at the magical 6.66T mark.


    eta: Interesting info surfacing lately about the Swiss National Bank buying up the S&P "top 5" (20% of the weighted index) lately.
    Last edited by devil21; 05-10-2020 at 01:08 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  24. #141
    The fed cannot be trusted

  25. #142
    Quote Originally Posted by Bern View Post
    4/30/20 - $ 6.703 T

    Just $82B increase.

    I found this analysis of the Fed's balance sheet from last week:

    https://wolfstreet.com/2020/04/23/fe...bonds-or-etfs/

    tl;dr - The Fed isn't doing everything they announced they were going to do. It's almost like the announcements were "shock and awe".

    Just an 82B increase? What are you you talking about? That was just one week and by far the smallest weekly increase since they started this. The scale of this is off the charts!

    From 2009 to 2015 the Fed printed 3.5 trillion.

    In the last month the Fed has printed 2.5 TRILLION!!!

    If you're being sarcastic and I missed it I apologize.


    https://www.federalreserve.gov/monet...centtrends.htm

  26. #143
    My man Gundlach called the Fed out for the jawboning exercise and now the Fed says it will begin buying all the junk "in early May".

    https://www.zerohedge.com/markets/ne...etfs-early-may


    I'm calling bull$#@!. There's no legal authority whatsoever in the FRA that gives them the ability to legally buy unvetted corporate bonds, junk bonds or market ETFs of bonds. 13(3) require personal guarantees from the corporation's principals/fiduciaries as to the solvency of the bond issuer, verification that the issuer can not receive funding anywhere else (meaning credit markets are otherwise completely locked up), reports to Congress naming all issuers, etc.

    https://www.federalreserve.gov/about.../section13.htm

    3. Discounts for individuals, partnerships, and corporations

    In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, by the affirmative vote of not less than five members, may authorize any Federal reserve bank, during such periods as the said board may determine, at rates established in accordance with the provisions of section 14, subdivision (d), of this Act, to discount for any participant in any program or facility with broad-based eligibility, notes, drafts, and bills of exchange when such notes, drafts, and bills of exchange are indorsed or otherwise secured to the satisfaction of the Federal Reserve bank: Provided, That before discounting any such note, draft, or bill of exchange, the Federal reserve bank shall obtain evidence that such participant in any program or facility with broad-based eligibility is unable to secure adequate credit accommodations from other banking institutions. All such discounts for any participant in any program or facility with broad-based eligibility shall be subject to such limitations, restrictions, and regulations as the Board of Governors of the Federal Reserve System may prescribe.
    As soon as is practicable after the date of enactment of this subparagraph, the Board shall establish, by regulation, in consultation with the Secretary of the Treasury, the policies and procedures governing emergency lending under this paragraph. Such policies and procedures shall be designed to ensure that any emergency lending program or facility is for the purpose of providing liquidity to the financial system, and not to aid a failing financial company, and that the security for emergency loans is sufficient to protect taxpayers from losses and that any such program is terminated in a timely and orderly fashion. The policies and procedures established by the Board shall require that a Federal reserve bank assign, consistent with sound risk management practices and to ensure protection for the taxpayer, a lendable value to all collateral for a loan executed by a Federal reserve bank under this paragraph in determining whether the loan is secured satisfactorily for purposes of this paragraph.
    The Board shall establish procedures to prohibit borrowing from programs and facilities by borrowers that are insolvent. Such procedures may include a certification from the chief executive officer (or other authorized officer) of the borrower, at the time the borrower initially borrows under the program or facility (with a duty by the borrower to update the certification if the information in the certification materially changes), that the borrower is not insolvent. A borrower shall be considered insolvent for purposes of this subparagraph, if the borrower is in bankruptcy, resolution under title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or any other Federal or State insolvency proceeding.
    A program or facility that is structured to remove assets from the balance sheet of a single and specific company, or that is established for the purpose of assisting a single and specific company avoid bankruptcy, resolution under title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or any other Federal or State insolvency proceeding, shall not be considered a program or facility with broad-based eligibility.
    The Board may not establish any program or facility under this paragraph without the prior approval of the Secretary of the Treasury.
    The Board shall provide to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives--
    not later than 7 days after the Board authorizes any loan or other financial assistance under this paragraph, a report that includes--
    the justification for the exercise of authority to provide such assistance;
    the identity of the recipients of such assistance;
    the date and amount of the assistance, and form in which the assistance was provided; and
    the material terms of the assistance, including--
    (aa) duration;
    (bb) collateral pledged and the value thereof;
    (cc) all interest, fees, and other revenue or items of value to be received in exchange for the assistance;
    (dd) any requirements imposed on the recipient with respect to employee compensation, distribution of dividends, or any other corporate decision in exchange for the assistance; and
    (ee) the expected costs to the taxpayers of such assistance; and
    once every 30 days, with respect to any outstanding loan or other financial assistance under this paragraph, written updates on--
    the value of collateral;
    the amount of interest, fees, and other revenue or items of value received in exchange for the assistance; and
    the expected or final cost to the taxpayers of such assistance.
    The information required to be submitted to Congress under subparagraph (C) related to--
    the identity of the participants in an emergency lending program or facility commenced under this paragraph;
    the amounts borrowed by each participant in any such program or facility;
    identifying details concerning the assets or collateral held by, under, or in connection with such a program or facility,
    shall be kept confidential, upon the written request of the Chairman of the Board, in which case such information shall be made available only to the Chairpersons or Ranking Members of the Committees described in subparagraph (C).
    If an entity to which a Federal reserve bank has provided a loan under this paragraph becomes a covered financial company, as defined in section 201 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, at any time while such loan is outstanding, and the Federal reserve bank incurs a realized net loss on the loan, then the Federal reserve bank shall have a claim equal to the amount of the net realized loss against the covered entity, with the same priority as an obligation to the Secretary of the Treasury under section 210(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
    If the Fed actually goes through with it it is in clear violation of the FRA and would trigger the dissolution provisions of the Act.

    But maybe that's the goal?
    Last edited by devil21; 05-04-2020 at 09:25 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  27. #144
    Quote Originally Posted by Madison320 View Post
    Just an 82B increase? What are you you talking about? That was just one week ...
    Just $82B in the last week. I thought that was clear since I've been posting the updates every week for over a month now.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?



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  29. #145
    Quote Originally Posted by Bern View Post
    Just $82B in the last week. I thought that was clear since I've been posting the updates every week for over a month now.
    Did I misread your post? To me it sounded like you were saying this latest QE was less than expected and was mostly talk.

    .....

    Never mind. I went back and read some of the previous posts. I didn't realize you were being sarcastic.

    Sorry about that!
    Last edited by Madison320; 05-05-2020 at 07:14 AM.

  30. #146
    Quote Originally Posted by Madison320 View Post
    Did I misread your post? To me it sounded like you were saying this latest QE was less than expected and was mostly talk. ...
    The Fed has increased their balance sheet roughly 50% within the last couple of months. That is a lot, but most of that increase occurred *before* all of the buying programs the Fed has announced. Most of the programs the Fed has announced within the last month have not actually happened as announced. "Just" an $82B increase in the last week's report is surprisingly low given the programs the Fed had announced. The wolfstreet analysis that I referenced goes into more detail on the issue. I'm not alone in noticing this as you can see from the ZH link devil21 posted above.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  31. #147
    Quote Originally Posted by PAF View Post
    Ron Paul, right again - QE Infinity!!!
    Pretty much what I always thought too , but It was an easy call.

  32. #148
    Quote Originally Posted by Madison320 View Post
    Did I misread your post? To me it sounded like you were saying this latest QE was less than expected and was mostly talk.

    .....

    Never mind. I went back and read some of the previous posts. I didn't realize you were being sarcastic.

    Sorry about that!
    .
    So far , it is less than expected which is a little surprising . I cannot figure it out . They may be saving up for Bern's vaccines

  33. #149
    Quote Originally Posted by Bern View Post
    The Fed has increased their balance sheet roughly 50% within the last couple of months. That is a lot, but most of that increase occurred *before* all of the buying programs the Fed has announced. Most of the programs the Fed has announced within the last month have not actually happened as announced. "Just" an $82B increase in the last week's report is surprisingly low given the programs the Fed had announced. The wolfstreet analysis that I referenced goes into more detail on the issue. I'm not alone in noticing this as you can see from the ZH link devil21 posted above.
    It's been WAY MORE than what I expected. I thought it would be like the other QEs, like 50-100 billion a month, not a trillion a month! And they're just getting started, it's only been 2 months. 2.5 trillion in 2 months! I'm just not seeing anything "less than expected". But I guess that depends on what you expected.

  34. #150
    5/7/20 - $ 6.769 T

    Just a $66B increase (over last week). Looks like the Fed now owns $4B in the "Commercial Paper Funding Facility II LLC".
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

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