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OMFG! FED UPDATES CHARTS!
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me
User ID: 418631
5/13/2008 6:52 PM
Report abusive post | OMFG! FED UPDATES CHARTS!
| Quote |
This came from
[link to www.tickerforum.org]
"I find it STUNNING it has been since the end of December, when they first 'redacted' this chart, that they pick NOW to update it - after 5 months! It also looks like it is reflecting everything that has been done since that time. I have to assume that those who have not been following this like we have are getting the shock of their lifetime. After all, that and the H.3 are what really started us paying attention to what was going on up at the Fed."
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"Sorry if slow here but "non-Borrowed reserves of Depository Insitutions" are -90 (estimate) indicating that the ONLY reserves the banks have are BORROWERED from the FED per the BORROWED reserve chart of the FED correct? "
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"How is it possible that banks are 100 billion in the hole?
what does this really mean? that chart is insane.. it's obviously a severe dislocation with no comparison in history.."
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Quote:
The negative level of nonborrowed reserves is an arithmetic result of the fact that TAF borrowings are larger than total reserves.
"Quote:
This development reflects the provision of a large volume of reserves through the Term Auction Facility (TAF) and has no adverse implications for the availability of reserves to the banking system."
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"Notice that this statement doesn't say "The banks are fine."
The top statement, however, says what is important - The banks in fact have no actual reserves, having spent and/or lost all of them, and are now surviving on Fed Credit.
Fed Credit, to the extent it represents self-liquidating trade credit (balancing between banks) is a non-event for the system as a whole.
When the system goes into reserve deficit it is because on aggregate the entire system has lost all of its depositor's base funds!" |
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Watcher
User ID: 432602
5/13/2008 7:38 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
That's what I'm talking about...nothing like a good roller coaster slide downhill! |
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Redheaded Stepchild 
User ID: 431954
5/13/2008 8:18 PM
 | | Re: OMFG! FED UPDATES CHARTS! | Quote |
OP:
Thanks.
Bumping this... I hope someone who KNOWS what it means will explain it to me.
"...They must find it difficult ... Those who have taken authority as the truth, rather than truth as the authority..." G. Massey
Ron Paul 2008 Silence is consent.
DARK FUTURES...stock speculation and manipulation: [link to www.godlikeproductions.com] |
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jxn0051
User ID: 432633
5/13/2008 8:44 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
basicly, if i understand this correct "Non-Borrowed Reserves of Depository Institutions" means money that the banks held that were not borrowed from the central bank, but money that they received from deposits and profit from doing business and since it is in the negative, meaning all that money is borrowed from the central bank.
Last time i checked the banks are borrowing money from the Central bank like crazy(look at the other chart) because the U.S raised the loan amounts for banks and the payback perios form 30 days to 90 and I think the first payments are due sometime in june... people... this is not good. |
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Anonymous Coward
User ID: 431877
5/13/2008 8:47 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Nothing to see here, move along now.
DOW 13,000 |
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Redheaded Stepchild
User ID: 431954
5/13/2008 8:51 PM
| | Re: OMFG! FED UPDATES CHARTS! | Quote |
Nothing to see here, move along now.
DOW 13,000 Quoting: Anonymous Coward 431877
"...They must find it difficult ... Those who have taken authority as the truth, rather than truth as the authority..." G. Massey
Ron Paul 2008 Silence is consent.
DARK FUTURES...stock speculation and manipulation: [link to www.godlikeproductions.com] |
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Redheaded Stepchild
User ID: 431954
5/13/2008 8:54 PM
| | Re: OMFG! FED UPDATES CHARTS! | Quote |
basicly, if i understand this correct "Non-Borrowed Reserves of Depository Institutions" means money that the banks held that were not borrowed from the central bank, but money that they received from deposits and profit from doing business and since it is in the negative, meaning all that money is borrowed from the central bank.
Last time i checked the banks are borrowing money from the Central bank like crazy(look at the other chart) because the U.S raised the loan amounts for banks and the payback perios form 30 days to 90 and I think the first payments are due sometime in june... people... this is not good. Quoting: jxn0051 432633
So they are in the negatives, the first payments come due in June, and we'll start to feel it more just after?
"...They must find it difficult ... Those who have taken authority as the truth, rather than truth as the authority..." G. Massey
Ron Paul 2008 Silence is consent.
DARK FUTURES...stock speculation and manipulation: [link to www.godlikeproductions.com] |
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Jxn0051
User ID: 432633
5/13/2008 9:09 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Red headed
I would bet my last dollar on it. |
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Anonymous Coward
User ID: 303149
5/13/2008 9:11 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
m a n i pulation |
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Anonymous Coward
User ID: 432668
5/13/2008 10:17 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
 |
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Redheaded Stepchild
User ID: 431954
5/13/2008 10:21 PM
| | Re: OMFG! FED UPDATES CHARTS! | Quote |
Red headed
I would bet my last dollar on it. Quoting: Jxn0051 432633
I just spent my last dollar.
I'm just not ready for this shit.
"...They must find it difficult ... Those who have taken authority as the truth, rather than truth as the authority..." G. Massey
Ron Paul 2008 Silence is consent.
DARK FUTURES...stock speculation and manipulation: [link to www.godlikeproductions.com] |
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Anonymous Coward
User ID: 390552
5/13/2008 10:38 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
[link to www.bloomberg.com]
``There is no relationship between non-borrowed reserves and anything the Fed cares about, be it inflation, employment or real GDP,'' said Paul Kasriel, chief economist at the Northern Trust Corp. in Chicago.
He said that 20 years ago, when I was just starting out, but I still remember his exact words. They came back to me when I learned of the latest obsession with this irrelevant statistic. |
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Anonymous Coward
User ID: 429601
5/13/2008 11:19 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
[ link to www.bloomberg.com]
``There is no relationship between non-borrowed reserves and anything the Fed cares about, be it inflation, employment or real GDP,'' said Paul Kasriel, chief economist at the Northern Trust Corp. in Chicago.
He said that 20 years ago, when I was just starting out, but I still remember his exact words. They came back to me when I learned of the latest obsession with this irrelevant statistic.
Consider the source. Caroline also denies the existance of the PPT and Wall Street Market manipulation.
Drink the Kool-Aid if you want, but Baum is clearly a Wall Street shill.
If -90$ Billion in non-borrowed reserves is "not a problem" then why, in the history of this indicator has it never even dipped into the negative?
Use common sense here. This is an historic event without precident and ignore the warnings to your own financial peril.
BTW, OP, great post. |
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Anonymous Coward
User ID: 432661
5/13/2008 11:20 PM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
I don't know if this fits in, but for the first time in a very long time, I listened to a program on TBN called "God's News". The only reason it caught my attention is because, at last, a preacher is calling attention to the politics of world affairs, starting with the plan to unite Europe, which happened in the European Union, with the Euro as its currency. He moved on to what is happening this side of the pond.
We have heard of the Amero as the coming currency. The plan to unite Canada, the U.S., and Mexico is far into completion. We will be one big happy family under the new name, "Canamerico", with a new currency, the Amero, with a new flag.
Maybe, just maybe, some of our preachers are growing balls. This one laid it out in spades as to what is taking place in this country. He is not a happy camper.
. |
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Anonymous Coward
User ID: 381230
5/14/2008 3:30 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
i thought it was odd when i checked my bank account and the automated thing said my account had been "credited with $600"...instead of saying "a deposit of $600 was recieved..." makes sense now |
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Anonymous Coward
User ID: 432778
5/14/2008 3:47 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
The Fed is adding in the term auction facility to the non borrowed reserves. Genesis on ticker forum is making a big deal about it because he is saying that the Fed has switched from being a balancing mechanism to being a funding mechanism. Well when you have a banking cartel creating fiat money that has bailed out other banks time and time again, why are you making such a big stink about it now? Dont be surprised when an institution that is supposed to create money out of thin air, creates money out of thin air. |
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MATT..
User ID: 430268
5/14/2008 4:22 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
As long as they have the goose (that lays golden eggs) they figure they'll just cast lots -- on into the future and just move more amounts over into the debit.
__________________________________________________________ _____
the real story:
[link to www.alertnet.org] |
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Matrix
User ID: 431104
5/14/2008 5:40 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
The way the Fed bank is creating money to cover their a$$, I would call it creating money out of fat air. |
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Jomama
User ID: 180153
5/14/2008 7:57 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Does anyone seriously believe the Fed can stuff just
the right amount of toothpaste back in the tube
at the right time?
That belief would be beyond delusional.
to herd or not to herd
[link to djomama.blogspot.com] |
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Sireen-reborn
User ID: 425272
5/14/2008 8:18 AM
 | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Ok...the other thread with the charts and this thread are a bit confusing to me....
I need these explained in "idiot" terms.
Banks are borrowing money because why? What happened to all the money they receive via deposits etc? I know they invest that money and live on interest...so the fact that they are borrowing means they've lost their (OUR) initiial investments in a big way....
kinda like in that movie "It's A Wonderful Life" right?
SO what does this mean for us? That like in the movie, if we all demand our money, they won't be able to provide? Will we then lose everything we have in our banks?
"The clock of life is wound but once, and no man has the power to tell just when the hands will stop, at late or early hour. Now is the only time you own. Live, love, toil with a will. Place no faith in time. For the clock may soon be still."
[link to www.myspace.com] |
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Anonymous Coward
User ID: 426925
5/14/2008 8:25 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
We are in trouble. end game. Do you have your food and water stocked up? your money won't buy any amount of food soon. Think ahead....JUNE....and get you and your families ready! |
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12 Monkeys
User ID: 432875
5/14/2008 8:46 AM
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100 Million Will Die |
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And So It Begins....
User ID: 368906
5/14/2008 8:51 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
OP:
Thanks.
Bumping this... I hope someone who KNOWS what it means will explain it to me. Quoting: Redheaded Stepchild
In the simplest of terms, the Banks are Bankrupt!
Think of it this way. Let's say you lost your job and you don't have ANY savings. Let's also say that you have credit cards.
In order for you to pay for food and other necessities you've got to get money from somewhere as you don't have any savings. If you're are like most  then you will make these purchases on your credit cards and hope that a source of real income comes in soon.
Essentially this is what the Banks are doing. They are living on credit with the hope that this economy will soon turn around for the better.
Sadly, this is not going to happen. We're in the midst of a Hyperinflationary Depression which is now showing signs of a Deflationary Depression kicking in. Think Housing, Automobiles, and Airlines.
The Federal Reserve causes Depressions and they are wealth destruction assassins. They achieve this through Inflation, Deflation, and Taxation.
Pink Floyd - Money
[link to www.youtube.com]
And So It Begins....  |
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in your dreams
User ID: 422538
5/14/2008 8:54 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Ok...the other thread with the charts and this thread are a bit confusing to me....
I need these explained in "idiot" terms.
Banks are borrowing money because why? What happened to all the money they receive via deposits etc? I know they invest that money and live on interest...so the fact that they are borrowing means they've lost their (OUR) initiial investments in a big way....
kinda like in that movie "It's A Wonderful Life" right?
SO what does this mean for us? That like in the movie, if we all demand our money, they won't be able to provide? Will we then lose everything we have in our banks? Quoting: Sireen-reborn
I am pretty sure most banks rely on the interests from loans for a good portion of thier income. When a bank gives someone a loan they use money out of thier cash on hand and put that money back when you make your payment and use the interest as income to make more loans and cover operating expenses (on top of normal bank fees). So when millions of people stop making payments, the banks run out of money. That is why the sup-prime mortgage crisis is causing so many problems. |
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Anonymous Coward
User ID: 390431
5/14/2008 9:04 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Ok...the other thread with the charts and this thread are a bit confusing to me....
I need these explained in "idiot" terms.
Banks are borrowing money because why? What happened to all the money they receive via deposits etc? I know they invest that money and live on interest...so the fact that they are borrowing means they've lost their (OUR) initiial investments in a big way....
kinda like in that movie "It's A Wonderful Life" right?
SO what does this mean for us? That like in the movie, if we all demand our money, they won't be able to provide? Will we then lose everything we have in our banks? Quoting: Sireen-reborn
banks don't have the actual green cash to cover all of the deposits they have. They are only required to have a certain percentage of the deposits on hand. at the end of every day the have to look at the amount of $$ on hand vs. 'that percentage' and will borrow from (another bank or the fed) the difference between what they have and what they need. That is the interest rate called "the fed funds rate".
The point they are trying to make is this. If every bank can't come CLOSE to what they are supposed to have on hand, the only thing the banks have to hold on to, is faith in their ability to collect the money for the interest payments. it goes on from there with the horror of it all being the decline in the housing market, jobs etc. |
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Anonymous Coward
User ID: 376019
5/14/2008 9:56 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
FRN's are debt based currency... how can the deposits ever be in the positive
think about that... the people are the bonding behind the money ...
every negative digit equals a future enslaved american to work it off |
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Anonymous Coward
User ID: 376019
5/14/2008 10:04 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
Its against Federal Law for FDIC banks to loan out their assets ...
The word you want is fractionalize upon your deposits ... including the mortgage note, a desposit of credit .. the FRN's are the debt.. books even |
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Anonymous Coward
User ID: 431713
5/14/2008 10:07 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
They go more in depth about how fucked (and who fucked) the economy in www.zeitgeistmovie.com . It's all about globalization and how it's big wigs' plans like the Carlyle Group and Rockerfeller to bankrupt us and chip every last survivor of this "man-made Armageddon". |
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Anonymous Coward
User ID: 431713
5/14/2008 10:07 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
They go more in depth about how fucked (and who fucked) the economy in www.zeitgeistmovie.com . It's all about globalization and how it's big wigs' plans like the Carlyle Group and Rockerfeller to bankrupt us and chip every last survivor of this "man-made Armageddon". |
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Anonymous Coward
User ID: 338377
5/14/2008 10:19 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
You should have been listening to Ron Paul.
You should have been supporting Ron Paul.
You should be voting for Ron Paul.
He has been telling you that this debt-based fiat
monetary system will end with a dollar crisis due to
overtaxing , overspending, overborrowing, etc.
A hyperinflationary depression is coming, because
the Federal Reserve will create as many dollar credits
as needed to bail out any and all financial entities
who sell government bonds or who have massive amounts of
derivatives that are "under water", in order to prevent
a collapse of the global financial system.This , however,
does not solve the problem of insolvency.
The Federal Reserve is "whistling past the graveyard"
while Ben Bernanke is sweating bullets.
Why is the American public voting back in office the same
policy brokers who have demonstrably failed us in the past? |
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Anonymous Coward
User ID: 357079
5/14/2008 10:24 AM | | Re: OMFG! FED UPDATES CHARTS! | Quote |
I'll bet the market doesn't react and stocks such as rail and oil see higher futures. Exxon and Union Pacific, shares such as these should be fairly safe right now (dare I say obviously) but in the end, it's the little guy who either didn't invest or doesn't understand how the world works and invested poorly who would see the bulk of the problems.
Transportation and Utilities will keep taking and taking, it'll be retail and commodities which are the big risk.
Though, the bigger risk with an economy like this, is not investing at all. Either sink with the majority, or hold onto the back of the rich guys fancy suits and be carried over the troubles.
I think this is gonna perpetuate the majorities apathy and lack of realization of the situation though. Some invest well, keep the market relatively stable, providing the illusion that all's well, then all of the sudden the low and no rollers realize it's time for them to choose between a third job or or no AC and dinners of Ramen noodles. |
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