FED using foreign banks to monetize debt behind closed doors
Bob Chapman talks about the dirty tricks pulled by Ben Bernanke for the federal reserve to manipulate the dollar
recorded on August 14th 2009
Pressure (Countdown) Toward Breakdown
http://www.kitco.com/ind/willie/aug132009.html
By Jim Willie CB
My best sources of information report that some unexpected deep shocks are coming from USGovt creditor nations. They are simply fed up, frustrated, and astonished at the manner of lost control, spiraling debts, and blatant monetization amidst lies in denial of that same monetization.
The USTreasury auctions now have domestic hidden elements, and global hidden monetization elements. The USFed is purchasing through Permanent Open Market Operations the bonds grabbed by the primary dealers. Some of the auctions are actually underbid, and fortunately for the statistics, the bid/cover ratio includes obligated dealer bids.
The USFed liberally uses its USDollar Swap Facility to enable strong bids by foreign central banks, except that they are highly likely coming from USFed accounts on foreign soil, or else from money lent by the USFed itself. Warning after warning have come not to monetize, not to debauch the USDollar currency, not to permit skyrocketing deficits.
Yet they continue, and worse, little if any reform or actual stimulus has occurred. Mainly what we witness is more channeled funds to the big banks, more coverage of credit derivative fires, and more announcements of bond support. See the $1.25 trillion support for Fannie Mae bonds, aka USAgency Mortgage Bonds.
The Green Shoots have now been dismissed as a marketing ploy. The Stress Tests have now been dismissed as a marketing ploy. The Stimulus Plan has now been dismissed as a marketing ploy. The only USEconomic recovery will be a statistical recovery. A Jobless Recovery is a recovery for stocks and a redemption for the bankers. Main Street continues to be discarded.
As a last footnote, never overlook the continued urgent Chinese initiative to spend their USTBonds quickly, for useful tangible purposes, before any damaging sequence of events occurs. Simon Black (aka the International Man) wrote, I have been spending a lot of time this week talking to my sources in China, one of whom is inside one of the countrys sovereign wealth funds (SWF). He also indicated that the SWF analysts were working around the clock trying to put deals together.
For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At todays deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinamans chance. And they know it.
Duration : 0:9:46
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Aviomaster – Don’t …
Aviomaster – Don’t worry bro … USA is fixing to collapse and implode in on itself under the monstrous debt. The global elites are in the endgame of destroying the USA from within. We here in the states will soon be living in 3rd world squalor like most of the rest of the world. Then you can dance in the streets at how far the mighty have fallen. We will die by the millions here and you can celebrate the Mass bloodshed that is soon to ensue. Sit back grab some popcorn and enjoy the show.
– WHY — USA has …
— WHY — USA has to be police of the world . What are you doing USA —
Who is leading the USA . What is going on , USA why do you have to have 800 military bases around the world , CCCP collapsed in 1989 … Don;t you know it , They let GErmany unite , Socialism failed in Eastern and Central Europe , HEY USA OFF … Zionist scum .
The feds are liars …
The feds are liars when they say they’re not monetizing or printing, I work for a small business and our local bank that sells us dollar bills and change are suddenly ONLY carrying freshly printed dollars, i’ve never seen that before in the few years I’ve worked for my company. I’m also noticing a lot more new, crisp bills in circulation. Be aware people, the presses are rolling 24/7
center, are you …
center, are you surprised how cozy the Senate has gotten with Bernanke?
when will americans come to realize that all that Spending is being financed by the Fed? who else would buy treasuries at those ridiculous rates
thanks for trhe …
thanks for trhe complement but im just a simple ole country boy…just watching the world
support HR 1207
…
support HR 1207
Support Ron Paul
Thnx, U2
Thnx, U2
been reading some …
been reading some of your comments……your a smart person !!!
gerat comment !!!
gerat comment !!!
yes they are !!
yes they are !!
YEP !! SMART PERSON …
YEP !! SMART PERSON you are
Keep talking like …
Keep talking like that…it looks pretty grim from where Im standing, but positive thinking is nice to hear!!!
They’re pretty …
They’re pretty crappy now if you ask me.
Next phase,War…
Next phase,War…
cash for clunkers, …
cash for clunkers, lol, what a joke, nwo is going down!
Rothschild, Browns …
Rothschild, Browns bank and Herriman= CEO/CIA=9/11 put options and Secretary of Treasury! Look it up, this is no joke, Get the Bankers out of our Government!!!! End the Federal Reserve, the Private Bank and Prevent a World bank!!! Wake up America!
China set the ball …
China set the ball rolling 2008.Since then,the Fed and Treasury have backstopped $23.7Trillions in the USA.For some time here in the UK and Europe we have realised that they have been underpinning the UK and Europe with American peoples’ money.Switzerland has been getting a bad press we suspect as they refuse to be a conduit,yet the Cayman Islands are much worse but they carry hidden treaury activity.
Jim Willie in his …
Jim Willie in his artilce on Golden Jackass has highlighted this.
Its all created by …
Its all created by the Knights of Malta controlled by the Ptolemaic Jesuit Grey Papal bloodlines. The Farnese, Aldobrandini, Orsini, Somaglia and Breakspear. The real power not the pion Hofjuden Rothschild’s.
and heaven help us, …
and heaven help us, cause then things’ll probably get crappy! = P
russias collapse …
russias collapse was not an event that happened due to outside sources…outside presure was pushing russia down but russia pulled the trigger themselves…i expect the us will do the same…out of the blue ..long before a natural collapse from the weight of the corruption
its all a sham …
its all a sham folks …now the question is how bad will it ultimately get when it implodes
oh yeah and the fed …
oh yeah and the fed is loaning foriegn central banks money to buy tbills and bonds…
basically they are …
basically they are inflating a huge stockmarket bubble and these stocks are NOT worth the what the inflated prices suggest..so when they pull out …that popping sound you hear is the sound of your pension..
Problem reaction …
Problem reaction more problem more reaction more problem desperation more reaction solution.