Hidden $Trillion QE Monthly Volume

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Hidden $Trillion QE Monthly Volume /realnews/ archiver 11/19/15 (Thu) 12:12:16 No.304

Hidden $Trillion QE Monthly Volume

The massive Quantitative Easing (QE) abuse by the USFed and steeped lies are centered on its volume, which in reality is an order of magnitude higher than admitted. The recent usage of certain REPO windows has been effective to disguise huge volume of bond purchases. The entire bond system is irreparably corrupted. The REPO window hides QE extras with naked bond shorting linked to a $1 trillion extravaganza that receives almost no publicity. While the public, and even more financial market participants, focus on the Dow Jones stock index, the Treasury Bond yield, the crude oil price, and very little else, they overlook the Reverse REPO window and the related Failures to Deliver data for USTreasury Bonds. The two work like a hand and glove.

The abuse is laced all through the USTreasury Bond market. These big banks never pay for their crimes, as they repeat them in other forms. Since JPM is the official USFed market agent, no consequence in criminal charges. It is given praise and more bond redemptions. When caught, the Wall Street and London Centre banks pay fines and penalties, sometimes even meager restitution, but they chalk it all up to a business expense. Criminal fraud is merely a cost of doing business in New York and London. The public is none the wiser. The American public by and large are in need of remedial education, lately showing no knowledge of money, capital, banking reserves concepts, the USDollar status, or economic meters. The greatest shortcoming is knowledge of how to grow an economy, since tin cupping with handouts aint the answer. The answer is found in business investment, something our Marxist leaders oppose unless they have personal investments involved. See Chertoff and airport devices. See Rumsfeld and Tamiflu programs. See Obama and Solari investments.

REVERSE REPO ABUSE

Focus on the Reverse REPO, which is highly innovative from two angles. Normally the USFed requires collateral to be placed at the REPO window, from companies seeking cash infusions on a temporary basis. Sometimes the USFed announces a ripe volume of Reverse REPO infusions into the system. They occasionally attract bad attention, but it wanes with the next fiction on strong markets and recovering economies, or even debate among fools who anticipate official rate hikes. The USFed uses the Reverse REPO to hide some of its QE volume. It is concealed QE volume, part of the biggest lie in US financial history since the USFed has generated multiple $trillions in hidden channel support, massive gushers. The key is no collateral placed on the opposite side of the window. It is neither stimulus nor minor in volume. The central bank helm is managing a gigantic volume, hidden in numerous ways. The John Q Public is none the wiser, reading the controlled fiction in financial press publications, about wondrous stimulus. In reality, QE kills capital and assures an economic collapse. It is happening before our eyes.

Read the rest here:

https://archive.is/mCrAz

http://news.goldseek.com/GoldenJackass/1441051200.php

Citigroup Chief Economist Thinks Only QE to Infinite Can Save The World Now /realnews/ archiver 11/19/15 (Thu) 12:13:03 No.305

Citigroup Chief Economist Thinks Only QE to Infinite Can Save The World Now

Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota - who never met an economy he didn't want to throw free money at), we found it fascinating that no lessor purveyor of the status quo's view of the world - Citigroup's chief economist Willem Buiter - that a global recession is imminent and nothing but a major blast of fiscal spending financed by outright "helicopter" money from the central banks will avert the deepening crisis. Faced with China's 'Quantitative Tightening', the economist who proclaimed "gold is a 6000-year old bubble" and cash should be banned, concludes ominously, "everybody will be adversely affected."

China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months, Citigroup has warned. As The Telegraph's Ambrose Evans-Pritchard reports, Willem Buiter, the bank’s chief economist, said the country needs a major blast of fiscal spending financed by outright "helicopter" money from the bank to avert a deepening crisis.

Speaking on a panel at the Council of Foreign Relations in New York, Mr Buiter said the dollar will “go through the roof” if the US Federal Reserve lifts interest rates this year, compounding the crisis for emerging markets.

"So why it matters is that the competence of the Chinese authorities as managers of the macro economy is really in question - the messing around with monetary policy, the hinting on doing things on the fiscal side through the policy banks. But I think the only thing that is likely to stop China from going into, I think, recession - which is, you know, 4 percent growth on the official data, the mendacious official data, for a year or so - is a large consumption-oriented fiscal stimulus, funded through the central government and preferably monetized by the People’s Bank of China.

Well, they’re not ready for that yet. Despite, I think, the economy crying out for it, the Chinese leadership is not ready for this.

So I think they will respond, but they will respond too late to avoid a recession, and which is likely to drag the global economy with it down to a global growth rate below 2 percent, which is my definition of a global recession. Not every country needs go into recession. The U.S. might well avoid it. But everybody will be adversely affected."