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Thread: Market meltdown

  1. #31
    Professor KingsGambit's Avatar
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    Quote Originally Posted by rogue06 View Post
    Four Senators have been named Feinstein, Burr, Inhoffe and Loeffler
    My understanding is two of them had it in a blind trust so wouldn't have been directly responsible.
    "I am not angered that the Moral Majority boys campaign against abortion. I am angry when the same men who say, "Save OUR children" bellow "Build more and bigger bombers." That's right! Blast the children in other nations into eternity, or limbless misery as they lay crippled from "OUR" bombers! This does not jell." - Leonard Ravenhill

  2. #32
    Troll Magnet Sparko's Avatar
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    Quote Originally Posted by KingsGambit View Post
    My understanding is two of them had it in a blind trust so wouldn't have been directly responsible.
    they could have notified the trustees running the blind trust that they should move the stocks. wink, wink, nudge, nudge.

  3. #33
    tWebber demi-conservative's Avatar
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    Reserve requirement ratios are now zero. Banks can now print at will.
    Remember that you are dust and to dust you shall return.

  4. #34
    tWebber
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    Quote Originally Posted by demi-conservative View Post
    Reserve requirement ratios are now zero. Banks can now print at will.
    Going out with a bang. Why not. Inflation will be insane. Most folks probably don't understand fractional reserve banking to begin with though.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

  5. #35
    tWebber demi-conservative's Avatar
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    For the unaware:

    Going back in all of history, banks have been required to hold reserves against their assets - which are loans and securities. Itís simple Ė banks set aside a percentage of their assets as reserve and kept it in gold (for most of recorded history) or as cash at the Federal Reserve. This is a fundamental pillar of fractional reserve banking. Conceptually, the reserve gives depositors confidence that when they show up to take their money back, there will be cash to give them. It hasnít always been nearly enough and if depositors get wary, they ďrunĒ to the bank to withdraw their money. Please re-watch ďItís a wonderful Lifeí to see what happens during a bank run. Itís not pretty. It hasnít just happened in black and white either. There were runs in 2007 and 2008 as depositors feared for their funds at several banks.

    During the over 100+ years of Fed history, they have mandated the bank reserve ratio. Manipulation of the reserve requirement ratio has been one of their most powerful tools. That ratio was north of 20% through most of the first fifty years of the Fed (including the great depression). It had made its way down to 10% - that was before today. Until further clarification or notice, banks need not hold any reserve against their assets. This means that banks could theoretically continue making loans to infinity.
    Hyperinflation is now a real possibility.
    Remember that you are dust and to dust you shall return.

  6. #36
    tWebber
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    Federal Reserve holdings.

    US treasuries (federal bonds): About $650 billion increase since the first of this year.




    Total assets (federal bonds, state bonds, corporate bonds -- i.e. derivatives): About 1$ trillion increase since the first of this year.



    Don't confuse the latter with a trillion a day loans they're using to keep the repo market liquid. The chart represents regular QE (to infinity). My guess is they will easily hit $10 TRILLION total assets by the years end, and the graph will look like a reverse L.

    To put perspective on that, their balance sheet of total assets was less than ONE MILLION in 2008.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

  7. #37
    tWebber demi-conservative's Avatar
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    Quote Originally Posted by seanD View Post

    Don't confuse the latter with a trillion a day loans they're using to keep the repo market liquid.
    Is there a handy chart that keeps track of this?
    Remember that you are dust and to dust you shall return.

  8. #38
    tWebber
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    Quote Originally Posted by demi-conservative View Post
    Is there a handy chart that keeps track of this?
    No charts or graphs, just the raw data.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

  9. #39
    tWebber
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    Quote Originally Posted by seanD View Post
    Federal Reserve holdings.

    US treasuries (federal bonds): About $650 billion increase since the first of this year.




    Total assets (federal bonds, state bonds, corporate bonds -- i.e. derivatives): About 1$ trillion increase since the first of this year.



    Don't confuse the latter with a trillion a day loans they're using to keep the repo market liquid. The chart represents regular QE (to infinity). My guess is they will easily hit $10 TRILLION total assets by the years end, and the graph will look like a reverse L.

    To put perspective on that, their balance sheet of total assets was less than ONE MILLION in 2008.
    That's actually under ONE TRILLION, my bad
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

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