Here's that extra $4 trillion for ya :) Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them https://www.zerohedge.com/markets/stocks-gold-surge-fed-announces-end-capital-markets-we-know-them .. Simple! - The Fed injected $440BN in last week, total is now $6.3 trillion
On Fri, Apr 10, 2020 at 11:05:33AM +1000, Zenaan Harkness wrote: > On Thu, Mar 26, 2020 at 08:18:48PM +1100, Zenaan Harkness wrote: > > And some of us thought this QE5 would "be lucky to last 6 months." > > > > Welp, how's 1 (as in, ONE) week grab ya? > > > > Wow. > > > > $1.2 trillion in past two weeks, $2 trillion "stimulus/ COVID rescue" bill, > > and infinity $$ printing going forward. > > > > Global martial law in two weeks is now looking possibly optimistic, as in, > > we might be in for escalation by next week even... possibly, but quite > > possibly probably it seems. > > > > This is end game (reset time), folks, we're talking may be a few weeks. If > > you failed to hedge any real wealth with some physical gold purchases, > > you're most likely S.O.L. right about now... > > > > So grab any physical asset you can. Does not matter that real estate > > prices may collapse 10 fold in the coming couple of months, a debt free R/E > > title is a hell of a lot more physical that some numbers in "your" bank's > > computers. "Bail in" and all... > > > > Good luck with any substantial asset purchase in this climate -> at this > > point, it's safe to say, if you haven't done what you "always knew" you > > should do, you are well behind the 8 ball, and probably too late. > > > > > > > > Fed Buys $587 Billion In Bonds In Past Week, 2.7% Of GDP, Just As Foreign > > Central Banks Start To Liquidate > > > > https://www.zerohedge.com/markets/fed-buys-587-billion-bonds-past-week-27-gdp-just-foreign-central-banks-start-liquidate > > > And just like that, $400 billion, became a trillion, became $2.3 trillion, > became $6.3 trillion! > > Another 2 weeks, another doubling - this time to (of course) $4 trillion > moar. And in another short time period it shall be $8 trillion, and > Goldman's estimate of the Fed's "$10 trillion financialization asset book by > the end of this [2020] year" goes up in a puff on conservative "shit, it's > bigger ain't it?" smoke. > > What's $4 trillion between a government and its interest payments anyway? > > What the bankers don't seem to understand, and really ought to understand, is > that an insanely wealthy top of the pyramid, to be sustainable over time (the > whole point of the banking exercise), requires a strong base to the > pyramid/hierarchy - we lowly folks (your extremely highly opinionated > scribeler included of course) need dollars. > > Why do we need dollars you ask? > > Because we don't have many, of course. And no, that's NOT meant to be funny, > stop chuckling already :) > > And what good is it to bankers, for lowly plebes like "we truly" to have > abundant dollars? > > Because I/we spend those dollars of course - on a home, perhaps a vehicle, a > tractor for those who would like to grow potatoes, a new laptop to replace my > ageing 10 yr old clunker, a cool "libre laptop" assembling business, etc, > etc, etc. > > But again, I hear you ask, why is this useful to wealthy bankers? > > Because (since yes, I know it's hard to understand simple things), that money > which we deplorables spend, is being spent ultimately into bank accounts, on > interest, on credit card repayments, on rent, and on crazy real estate prices > -- thus propping up all your stupid banker financialization. > > Oh how one who would hope to find God doth cringe at pointing out the obvious > and necessary steps required by greedy people to prop up their stupid greed! > > Did I mention greed is stupid? Because, cringe! > > > > And just like that, with a snap o tha fingers, he justifies UBI. > > > > I didn't want to justify UBI - really, truly! Bin holding out on that one > for a couple years now - ever since some serious thought was put to the > matter and the self evident so rudely encroached upon that lonely neurone. > > This is actually a sad day for humans, since UBI shall likely template the > majority into being satisfied with their golden cages in this world - "peace > begets slothfulness" and all... > > One can justify this with a "you get what you firetrucking deserve" or a > "well it has been this way since time immemorial - only the few ever sought > their maker within anyway" etc. > > Cest la vie.
