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Ex OMB chief Stockman: "It is the biggest speculative disaster in human history."
Zero Hedge ^
| March 01, 2015
| Tyler Durden
Posted on 03/31/2015 7:59:48 PM PDT by concernedcitizen76
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To: Praxeologue
Thanks, Praxeologue. Rand Paul should tap you to help him audit the Fed.:-)
To: concernedcitizen76
I don't know how useful a Fed audit would be.
The Fed has dutifully financed the deficits that we and our politicians have incurred. /Bernanke
To: concernedcitizen76
43
posted on
04/01/2015 2:04:59 AM PDT
by
Oratam
To: concernedcitizen76
Watch Gold and silver, when he big boys begin to talk it down and it strikes 7 to 800 dollars an ounce for gold and $9 an ounce silver, run!
44
posted on
04/01/2015 3:36:58 AM PDT
by
urbanpovertylawcenter
(the law and poverty collide in an urban setting and sparks fly)
To: kvanbrunt2
I transferred my IRAs to an Allianz fund that guarantees 6% per year and more if the market goes up during the year (without dipping into your fund if the market crashes. Some restrictions but it also came with a 4% sign-up bon us to give the first year 10%.
Once again, there are restrictions and other things that may be an issue to some, but it works for me - I can let it stand for the next 8 years w/o needing to tap it for anything. It's a lot better than the sub 2% my Gov't TSP was in and so far above my savings accounts it's nuts.
45
posted on
04/01/2015 5:18:25 AM PDT
by
trebb
(Where in the the hell has my country gone?)
To: trebb
so far above my savings accounts it's nuts The savings account may be nuts but if you believe 10% is guaranteed you may be nuts.
46
posted on
04/01/2015 6:17:49 AM PDT
by
MosesKnows
(Love many, trust few, and always paddle your own canoe.)
To: concernedcitizen76
Money is lent by the Fed to private financial institutions.Currently, $16 million.
The effect of money lent at near zero interest can be seen in the stock market bubble
The Fed doesn't lend "near zero". The Discount rate is currently 0.75%.
Traders can then borrow money on an overnight basis for five basis points, which is nothing.
Not from the Fed.
Buy anything with a yield like a ten-year or five-year bond or speculate in stocks that they think might be going up
Yes, traders sometime speculate with short term loans. That's what Bear Stearns and Lehmann did.
47
posted on
04/01/2015 10:20:19 AM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Praxeologue
48
posted on
04/01/2015 3:21:54 PM PDT
by
Pagey
(HELL is The 2nd Term of a POTUS who uses the terms “social justice” and “fair distribution".)
To: Toddsterpatriot
Are you then implying that the Fed’s rounds of quantitative easing had no affect on on the markets?
To: concernedcitizen76
Nope. I’m implying that $16 million in overnight loans didn’t make the market go up.
50
posted on
04/01/2015 4:32:08 PM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: TurboZamboni
This is the money lesson they don’t teach: banking.
51
posted on
04/01/2015 4:40:59 PM PDT
by
cornelis
To: MosesKnows
The savings account may be nuts but if you believe 10% is guaranteed you may be nuts.6% is guaranteed - it's in writing. The reason for the 10% for the first year is that they provided a 4% "signing bonus" at the time I opened the account - it's in there.
52
posted on
04/02/2015 3:34:30 AM PDT
by
trebb
(Where in the the hell has my country gone?)
To: Ghost of SVR4
good point or make your own beer
53
posted on
04/03/2015 6:25:17 AM PDT
by
kvanbrunt2
(civil law: commanding what is right and prohibiting what is wrong Blackstone Commentaries I p44)
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