G-d damn the pusher: All the Markets Need Is $200 Billion a Quarter From the Central Bankers

And then the obvious question is – “Where do the central bankers get all this money?”

Only a few people think about that, and half of the people thinking about it don’t care that this “money” comes from nowhere. All they care about is the next quarter, the next day, the next tick, whatever helps them through their withdrawal.

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Reverse Robin Hood?The Fed through QE is shifting resources from the poor and middle class to the rich.

In an earlier post we mentioned how Washington DC has thrown in with Wall Street. And why not? That’s where the money is, where it continues to flow, and through our current system of crony capitalism will continue to flow until people say “enough.”

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QE Is Not Money Printing, It Is Betrayal

I don’t agree with every single point made, but the attached is a very interesting essay. The core point is dead on. “Quantitative easing” is a trick. It is fundamentally about deception. And people want to be deceived especially considering the economic chickens waiting to come home to roost.

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Dishonesty and Candor in Monetary Policy

In the July 26, 2013 edition of the Bank Credit Analyst,  editor Jim Grant notes that when Ben Bernanke was beginning the second round of “quantitative easing,”  he described it in February 2011 Congressional testimony as equivalent to an interest rate cut. In recent Congressional testimony explaining what might be (or might not be)   a forthcoming “taper” in “quantitative easing,” he suggested that it would not be equivalent to a rate hike.

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Bond maven Bill Gross says Bernanke’s easing is destructive

I know this comes as a newsflash to most of our readers, but pouring at least $85 billion/month (probably a good deal more) into the economy isn’t a smart thing to do. Bill Gross, manager of more bonds than probably any other private individual in the world believes Bernanke’s grand experiment is holding back “recovery.”

And right now we have a very complicated situation, with some parts of the economy rapidly becoming overheated, while others languish. None of it however constitutes “recovery.”

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Bernanke’s Cures Are the Economy’s Disease

So the Fed is going to “taper” away the quantitative easing, the printing of money, in which it is currently engaged. Bernanke (or Larry Summers—shudder) will one day allow interest rates to rise back to normal levels. Don’t worry, the economy will emerge from this radical economic experiment and all will be well. You’ll see. Ben promises.

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The Federal Reserve Has Printed Over $1 Trillion for Foreign Banks

Since the dollar continues to be the world reserve currency, and since the mega banks float like clouds over the entire planet paying little attention to borders, we shouldn’t be surprised. But that the Fed has essentially given away $1 trillion to non-American banks is pretty amazing . (Not that American banks are any better than the foreign ones of course.)

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Schiff: Quantitative Easing is Killing the Recovery

Quantitative easing is not so much an “easing“ of anything. It‘s more like a semi-focused explosion of fiat money. The economy dips, the Fed blasts more money into the system with a keystroke. It lowers the Fed Funds Rate, sometimes buys assets banks want off of their books (through the Treasury), but most importantly the Fed buys back the Treasury bills banks buy when they get flush from selling assets to the Treasury, which the banks then sell at a “profit” to the Fed and at basically no risk.

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