Comments on: FED TO BUY U.S. TREASURIES http://cryptogon.com/?p=7580 news - analysis - conspiracies Tue, 09 Feb 2010 15:25:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Eileen http://cryptogon.com/?p=7580&cpage=1#comment-15901 Eileen Fri, 20 Mar 2009 03:25:17 +0000 http://cryptogon.com/?p=7580#comment-15901 Oops, Dad was born in 1910. Mom in 1917 Oops, Dad was born in 1910. Mom in 1917

]]> By: Eileen http://cryptogon.com/?p=7580&cpage=1#comment-15900 Eileen Fri, 20 Mar 2009 03:20:58 +0000 http://cryptogon.com/?p=7580#comment-15900 Well, here it is. I've got about $13K in cash under the mattress so to speak. Maybe time to spend it: - Buy several cases of wine, vodka, etc. - Maybe put it back in the bank (heh, heh) charge up the credit card for non-perishables that our family might need in the next TWO years (e.g. spend a fortune on farm supplies - if there are any left)and pay it off next month. Then, gulp, take a loan against my worthless dollar retirement account and buy that freaking piece of land across the crick. @Anothernut - I was 5 years old when the 1960's started. There was a market crash I think in 1968 or so, same year my sister died in a car accident. My father born, circa 1917, lived through the market crash of the 1930's Depression and STILL trusted the markets. I just remember him pacing the floor in the living room at night because he could not sleep over all the money he lost, as well, as well his pain over losing my sister. So perhaps because equities crashed in such a big time way in the 1960's was why the Fed bought Treasuries then. I do not know. I do know that for all of the people who were not concerned about money, there were the millions of others who were rebelling against government dictums. "Hell No I Won't Go," (the U.S. had a military draft). The U.S. President, and the U.S. Attorney General were assassinated (not to mention that they were brothers), as well as a cultural and spiritual leader of many who were not black, in Martin Luther King. I only wish that in these times, that there was something more meaningful about what is happening in the world today, that people could rise up against- other than money.If it were the 1960's - the pre-Obama administration would have been lynched by a very angry mob of self-righteous people who don't believe in starting wars on false pretenses. Let alone torture. In the 1960's this gang would have be guillotined. But something, and I think it is Neptune (I think Neptune is TV), has cast a big fog of sleeping sickness over all. We imagine we're going to wake up someday, and hope that none of what we know has happened was just a nightmare. Unfortunately, that just ain't going to be so. There was a saying in the 1960's "the revolution will not be televised." I think that today, the TV is "managing" the revolution. In my office of fifteen coworkers I would say I'm about the only one who understands or cares what is happening to the dollar. Oh well, what am I supposed to do about that? I wish I could do something to help, but I cannot. I'm the spinster in their eyes, who "doesn't have a life because she takes care of her mother on the weekends!" I gotta laugh at it all. I've already gone insane at what has happened to my country. The heart that was in it has been evaporated by informercials blared over the fucking TV. I don't have the firepower to do anything about that. But I can tell you. I've started a revolution. I'm infecting every brain that has cells left to listen with quiet speech about food, shelter, health. That's about all I can do. And maybe that's good enough. Well, here it is.
I’ve got about $13K in cash under the mattress so to speak.
Maybe time to spend it:
– Buy several cases of wine, vodka, etc.
– Maybe put it back in the bank (heh, heh) charge up the credit card for non-perishables that our family might need in the next TWO years (e.g. spend a fortune on farm supplies – if there are any left)and pay it off next month.
Then, gulp, take a loan against my worthless dollar retirement account and buy that freaking piece of land across the crick.
@Anothernut – I was 5 years old when the 1960’s started. There was a market crash I think in 1968 or so, same year my sister died in a car accident. My father born, circa 1917, lived through the market crash of the 1930’s Depression and STILL trusted the markets. I just remember him pacing the floor in the living room at night because he could not sleep over all the money he lost, as well, as well his pain over losing my sister. So perhaps because equities crashed in such a big time way in the 1960’s was why the Fed bought Treasuries then. I do not know.
I do know that for all of the people who were not concerned about money, there were the millions of others who were rebelling against government dictums. “Hell No I Won’t Go,” (the U.S. had a military draft). The U.S. President, and the U.S. Attorney General were assassinated (not to mention that they were brothers), as well as a cultural and spiritual leader of many who were not black, in Martin Luther King.
I only wish that in these times, that there was something more meaningful about what is happening in the world today, that people could rise up against- other than money.If it were the 1960’s – the pre-Obama administration would have been lynched by a very angry mob of self-righteous people who don’t believe in starting wars on false pretenses. Let alone torture. In the 1960’s this gang would have be guillotined.
But something, and I think it is Neptune (I think Neptune is TV), has cast a big fog of sleeping sickness over all. We imagine we’re going to wake up someday, and hope that none of what we know has happened was just a nightmare. Unfortunately, that just ain’t going to be so.
There was a saying in the 1960’s “the revolution will not be televised.” I think that today, the TV is “managing” the revolution.
In my office of fifteen coworkers I would say I’m about the only one who understands or cares what is happening to the dollar. Oh well, what am I supposed to do about that? I wish I could do something to help, but I cannot. I’m the spinster in their eyes, who “doesn’t have a life because she takes care of her mother on the weekends!”
I gotta laugh at it all. I’ve already gone insane at what has happened to my country. The heart that was in it has been evaporated by informercials blared over the fucking TV.
I don’t have the firepower to do anything about that.
But I can tell you. I’ve started a revolution. I’m infecting every brain that has cells left to listen with quiet speech about food, shelter, health. That’s about all I can do. And maybe that’s good enough.

]]> By: ltcolonelnemo http://cryptogon.com/?p=7580&cpage=1#comment-15898 ltcolonelnemo Thu, 19 Mar 2009 14:31:47 +0000 http://cryptogon.com/?p=7580#comment-15898 But Kevin, to paraphrase Cheney, "reality doesn't matter anymore," it's the perpetuation of the mass delusion that counts. But Kevin, to paraphrase Cheney, “reality doesn’t matter anymore,” it’s the perpetuation of the mass delusion that counts.

]]> By: thucydides http://cryptogon.com/?p=7580&cpage=1#comment-15896 thucydides Thu, 19 Mar 2009 13:41:17 +0000 http://cryptogon.com/?p=7580#comment-15896 Kevin - realizing that sane and rational market reactions are, um, out of scope at this point, do you have any new "panic levels" for the USDX or other indicators? Are you still watching for it to drop below 72? There's some fascinating coma-inducing discussion of what "monetizing the debt" actually means in this publication by the St Louis Fed back in 1984: http://research.stlouisfed.org/publications/review/84/12/Monetizing_Dec1984.pdf but I haven't found what Reuters means by "since the 1960s" in regards to the Fed monetizing debt. Kevin – realizing that sane and rational market reactions are, um, out of scope at this point, do you have any new “panic levels” for the USDX or other indicators? Are you still watching for it to drop below 72?

There’s some fascinating coma-inducing discussion of what “monetizing the debt” actually means in this publication by the St Louis Fed back in 1984:

http://research.stlouisfed.org.....ec1984.pdf

but I haven’t found what Reuters means by “since the 1960s” in regards to the Fed monetizing debt.

]]> By: anothernut http://cryptogon.com/?p=7580&cpage=1#comment-15894 anothernut Thu, 19 Mar 2009 12:04:49 +0000 http://cryptogon.com/?p=7580#comment-15894 FWIW, seeing that it's not completely unprecedented ("The U.S. Federal Reserve said it will buy government debt for the first time since the 1960s") makes it seem a little less crazy. On the other hand, despite that era's reputation for "craziness", I don't think it was nearly as out of control as things are now. It's just that the insanity is in board rooms and government buildings, now, instead of out on the street. FWIW, seeing that it’s not completely unprecedented (“The U.S. Federal Reserve said it will buy government debt for the first time since the 1960s”) makes it seem a little less crazy. On the other hand, despite that era’s reputation for “craziness”, I don’t think it was nearly as out of control as things are now. It’s just that the insanity is in board rooms and government buildings, now, instead of out on the street.

]]> By: pdugan http://cryptogon.com/?p=7580&cpage=1#comment-15893 pdugan Thu, 19 Mar 2009 11:50:03 +0000 http://cryptogon.com/?p=7580#comment-15893 I was watching it real-time when it happened, it was so crazy. We're truly not in Kansas anymore. The time to sink dollars into productive, hard assets is now. I was watching it real-time when it happened, it was so crazy. We’re truly not in Kansas anymore. The time to sink dollars into productive, hard assets is now.

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