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Is this the reason why Bernanke was hastily renewed as Chairman of the Fed?

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LuckyLuciano said...
User ID: 590854

United States
8/26/2009 4:26 PM
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Is this the reason why Bernanke was hastily renewed as Chairman of the Fed?

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Wednesday, August 26, 2009
[link to thecomingdepression.blogspot.com]

Monetization of USTreasurys is occurring in a profound blatant fashion. Such action infuriates the Chinese creditors, while at the same time creates a huge rift between the US Federal Reserve and the USDept Treasury. The rift is political and will come to a head when Chairman Bernanke is due for renewal of his post in a few months. . China exerts its constant pressure on the USFed to end the Quantitative Easing efforts. Like doctors, they wish to apply a tourniquet to a gaping leg wound that bleeds a red river onto the pavement. The term is a funny euphemism, a sophisticated economist term for Heavy Duty Money Printing that results in destruction of a currency if not kept under control. The USDollar stewards are NOT demonstrating control, discipline, or even anything remotely resembling honesty or integrity. The USDept Treasury wants to continue funding the federal deficit, and for yucks, add any and every conceivable new program onto the books while the federal insolvent bankruptcy makes marginal additions not so noticeable.

The USFed engages in almost immediately permanent operations to snag the primary dealer USTreasurys gatherings bid at auction, for a simple shell game shuffle. The USFed engages in a sneakier but still obvious hidden bidder game with foreign central banks. They use USDollar Swap Facilities (with gargantuan funds) and bid heavily on the USTreasurys, evidence being the ‘Indirect Bid’ component. If not for the USFed buying most of the USTreasurys issued, the long-term interest rates would be rising quickly and with alarm.
If not for the USFed heavy buying, the USDollar would be doing a swan dive off a cliff into rough waters. As has been claimed in past work, the USGovt stewards of the wrecked buck can save the USTreasury or save the USDollar, but not both. Their monetization efforts here and abroad indicate a clear intention to save the USTreasury Bond. They put the USDollar at grave risk. The Weimar Territory lies directly ahead!

flip

9teen.47™ Subscriber

Time is short.
User ID: 757050

United Kingdom
8/26/2009 4:36 PM

Re: Is this the reason why Bernanke was hastily renewed as Chairman of the Fed?

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Or as the Chinese saying would have it... May you live in interesting times.

Zec 12:3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it.

Psa 9:17 The wicked shall be turned into hell, [and] all the nations that forget God.

STOCK UP NOW. You should have at least 6 months worth of basics for every member of your household. Stay away from crowds when trouble starts, do not forget water storage, tobacco is worth more than gold or silver, and be kind to hungry children.

Anonymous Coward
User ID: 757085

United States
8/26/2009 4:46 PM

Re: Is this the reason why Bernanke was hastily renewed as Chairman of the Fed?

Quote

The Dems LOVE Bernanke. Go back and watch the C-Span tapes after the Dems took over the gov't. in '06.

Total love fest there between the House Dems and Bernanke. They were even willing to up Fan/Fred "affordable" loans to ONE MILLION dollars, just to keep their precious Bernanke and the Fed happy.

Generational Debt Slavery, that's what the Dems are about. All to keep their Banker Crook Buddies happy.

There was a ton of House republican opposition to Bernanke and the propping up of corrupt Wall Street Institutions, but, alas...the Dems controlled Congress with their votes and so We the People got screwed.

They still control Congress.

Interesting, isn't it that they'll bail Wall Street with their votes but refuse to give Americans Health Care with their votes?

We are so screwed.

signed,

FDV (Former Dem Voter)

LuckyLuciano said...
User ID: 590854

United States
8/26/2009 4:47 PM

Re: Is this the reason why Bernanke was hastily renewed as Chairman of the Fed?	Quote
Or as the Chinese saying would have it... May you live in interesting times. Pity though...as i do LUV Chinese Food so! Last Edited by LuckyLuciano said... on 8/26/2009 at 4:47 PM

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