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Yeah, well,fine. But, how do they service the interest on our debt..??
thank you basser
BECAUSE THERE IS SO MUCH DEBT. FIAT CURRENCIES JUST PAPER.
CHASING RETURNS..
Canny howdyou like this...??
Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting Today
Submitted by Tyler Durden on 03/01/2012 14:01 -0500
Apple Blackrock Bond Central Banks Foreign Central Banks Israel New York Stock Exchange Swiss National Bank
We were speechless when we read this from Bloomberg.
The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.
The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.
A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.
The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc. (AAPL), Saadon said.
More from Globes:
The Bank of Israel today began investing a small part of its $77 billion in foreign currency reserves in US stocks. The central bank's latest Markets Division report states that the new Bank of Israel Law (5770-2010) allows the Bank of Israel to make equity investments, and that it began to do so today.
The Bank of Israel will invest $1-1.5 billion in US stocks, 2% of its portfolio. The report adds that the Bank of Israel has been investing in public bodies in developed countries since 2010.
The Bank of Israel said that the investments in US stocks would be made through UBS AG (NYSE; SWX: UBS) and BlackRock Inc. (NYSE: BLK) The Bank of Israel's Markets Division, which specializes in bond investments, will not be handling the equity investments. It added that the traders will have very limited discretion, and that they may only quote leading indices, in order to reduce the risk.
"We have almost no exposure to countries with big problems. We constantly examine where we invest the foreign currency reserves, and I can promise you that you can relax," Governor of the Bank of Israel Prof. Stanley Fischer said at a closed conference in mid-January.
"The Bank of Israel does not disclose the currency composition of its portfolio, especially not the composition of its equity portfolio," says the Bank of Israel. At the January conference, Fischer said, "Imagine if we were to begin publishing where you invest, so when you stop buying the bonds of a particular country, and this is published, we'll get complaints. That is why we do not publish." He added, "We have an external committee that conducts the examinations. You can assume that we're aware to the fact that there are problems in certain countries."
In other words, while the Fed's charter forbids it from buying US equities outright, it certainly can promise that it will bail out such bosom friends as the Bank of Israel, the Swiss National Bank, and soon everyone else, if and when their investment in Apple should sour.
Luckily, this means that the exponential phase in risk is approaching as everyone will now scramble to frontrun central bank purchases no longer in bonds, but in stocks outright, leading to epic surges in everything risk related, then collapse and force the Fed to print tens of trillions to bail everyone out all over again, rinse repeat, until this chart becomes asymptotic. We say luckily, because it means that the long overdue systemic reset is finally approaching.
The hammering of Gold and Silver did little damage to options
Posted on March 1, 2012 by JB Slear
US$’s only support comes from the injected money the European banks received and was used when Bernanke was speaking in front of Congress yesterday, US$ trade stands at 78.860 up 6.6 points with a low so far at 78.690, Treasuries are still being purchased (guess what money) with the Eurodollar leading the climb. Petro Products had hardly moved yesterday with Crude Oil still at $107.70 guiding the crack products higher as well. Gold and Silver’s beating yesterday was used to clear the mistakes the anti-metal traders made by adding all those short positions over the last 2 weeks. The only question we have was how many players were waiting to buy physical on the last trading day of March (First Notice)? Gold is presently higher by 90 cents with the trade at $1,712.00 after reaching as high as $1,726.40, Silver is up 8.8 cents and trading at $34.730 (May) after reaching a height of $35.230, Copper is higher the rest of the metals are confused. All Grains are flat to lower, Softs are mixed as are the Meats. Paper Markets are getting support as well from this injection of tax payer money that supports no wishes of the public. Something very big is happening behind the scenes here and caution is advised for those not prepared. The beatings in precious metals yesterday was brutal indeed, but we noticed that the Silver options (May and July) didn’t lose too much of their values and this raises some very curious questions. We’ll wait for more data before trying to make any wild guesses, in the meantime …. Stay Strong!!!
The ECB was injecting over 700 billion into the Euro banks yesturday.
More liquidity being added than ever before in one swoop.
Bernanke was simply covering up this reality in his words.
Refer to King world News =James Sinclair.
Gold Tumbles More Than $100 As $1700 Stops Triggered
Submitted by Tyler Durden on 02/29/2012 - 15:43
Ben Bernanke Central Banks
In what is increasingly peculiar market action, gold dropped over $100 intraday, following triggering of $1700 sell limits, at which point sell signals hit every bid all the way to $1685 then a knee jerk bounce appeared, in what is now clearly chaotic trading in paper gold. Whether this is due solely to algo driven liquidations following the earlier described shift in sentiment, or has some assistance from central banks is irrelevant as anyone and everyone who is happy to convert paper fiat into hard currencies is taking advantage of this latest short-term rout, to prepare for the next battery of printing which will come with 100% certainty. Remember: as we have been saying since the summer of 2011, Bernanke needs a tumble in stocks to get a green light for more easing, and he obviously won't get that with the S&P where it is, nor with WTI still sticking to $107.
from Zero Hedge
There are several FACTS yankee--if you could open your eyes to read..
Heres one--
Although a number of economic stats have been coming in “better than expected” over the last three to four months, we need to remember that on a year over year rate of change basis, average hourly earnings rest at a multi-decade low. Consumers are not enjoying wage growth in helping to offset higher costs at the pump. Additionally, looking at the recent GDP numbers, stripping out inventory accumulation we see that real final sales (US domestic aggregate demand) grew less than 1%. A year ago that number was 4%. We’ve already headed into 2012 with slowing domestic consumer demand. And what happens now that gasoline prices have risen? As a final point of perspective, regardless of how near term central bank money printing follies impact commodity prices, oil is heading directly into its strongest seasonal calendar period for price strength.
it has never been interesting discussing anything with you.
you believe what you want...
byankee
we are in a recession. the QE money is propping up everything.
they will print and print. massive liquidity.
they will announce the economy needs support soon... before May... ?
Go to Trimtabs.
Pants, with all due respect the party is not over .
Not yet.
do you know what they put in liverwurst????
to get in again and again as it corrects...
feb/22/2012
Silver Wheaton CEO Randy Smallwood-Investor Demand for Silver Exploding; Gold/Silver Ratio Favors Silver
Silver Wheaton dividend likely to triple by the fourth quarter 2012
NEWSHOUR, GUEST EXPERT
RealPlayer WinAmp Windows Media MP3
Jim is pleased to welcome back Silver Wheaton CEO Randy Smallwood this week. Randy believes that investor demand is the key to the silver story, and the gold/silver ratio will shift to favor silver. In terms of Silver Wheaton, Randy expects growth in silver production to advance by 70% and the dividend payout to triple by the fourth quarter of this year. (CLICK HERE FOR TRANSCRIPT)
On Financialsense.com Puplava
Lee, look at SVM
not so fast pants.lower dollar and lower corporate taxes equal better returns in market....
resource stocks go higher.
get ready for NUGT Belg
Pant, it ain't just europe IT BE IRAN....
Thank you kindly Lee
Pants, whats wrong with SDS..??
Newly and Pants--a question
What is the safest vehicle for shorting the S&P?
I'm not sure what I mean by 'safe'. so you can strike that..
TIA
sally
Its not Mom and Pop he's concerned about....
he has to get his boss re elected..
FROM ZERO HEDGE 2/1/12
As a follow up to today's must read letter from Bill Gross, the PIMCO head explains what was the thinking behind the conclusion that is slowly leading him to become a gold bug, the potentially erroneous assumption that the Fed can not drop rates below zero (not if Goldman and JPM have their way), why Bernanke has no choice but to write checks when the Twist ends in June which will lead to bond buying for the next 12-24-36 months. Nothing new. What is new, and absolutely stunning, is Gross' endorsement for president: 'I'm a little Ron Paulish." (6'24" into the clip)... That's right. The bond king endorses Ron Paul for president, apparently on the realization that very soon he will have to pay Tim Geithnerfor the privilege of holding hundreds of billions in US paper. And now we've heard it all.
And with that statement, can we assume that all the cash that Gross donated to Barack Obama (see below) will flow toward "Ron Paul-ish" this time around?
mucho liquidity hitting as we speak..
yeah, the euro banks are about to default but in todays world they
just don't admit its default. Bailouts about to print.
Disagree. Paul can win.
In a democracy he can--------------------------
For Lee.
Sooner or later it was inevitable. Next up: the "tea party" lives up to its true name.
**MEDIA ALERT** Military Training Exercises to Take Place In and Around Boston
| | More
For Immediate Release
July 25, 2011
Released By:
Mayor’s Office For More Information Contact:
Mayor’s Press Office
Press.Office@cityofboston.gov
Joint federal military training exercises will take place within and around the Boston area between July 26th and August 5th. Military personnel will conduct training exercises to ensure the military’s ability to operate in urban environments, prepare forces for upcoming overseas deployments, and meet mandatory training certification requirements. Helicopters will be used in some exercises.
The Boston Police Department is working with military personnel to coordinate training sites that will minimize negative impacts on our Boston citizens and their daily routines. Safety precautions have been taken to prevent risk to the general public and the military personnel involved. With that, training site locations are not open to the public and will be guarded by uniformed personnel to provide additional safety.
ditto in Silver
Theres a peice on King World News this weekend with
famed Gold bug James Turk saying that Silver is the NEXT Apple...!!
for how long.....?
experience as a ham loaf doesn't do it..Ron Paul has much more to offer. People
cannot trust what is uncorrupt. A horrid irony.
I didn't realize that anyone would vote for Newt--wow
Lee, am I allowed to asK Zab why Paul scares him..Plleeeeezzzzee
Zab do you vote republican?? How about the number one guy Paul?
i've never voted republican and i'm 65 but i'm voting for Paul..
The COMEX is broken.... end of story
Canny, are you surprised?
Zab, Its not in THEIR interests to let the dollar rise.
Basserdam; you read the new piece on King World News re
big money avoiding the exchanges and buying from the gold and silver producers..?
Zab, THEY are printing "money".
To get out of our debt they sink the dollar.