…Money Out of Debt!
A Commentary On The Collapse That Is Here Now by Mitch Santell
Hi, how are you? Me? I am phenomenal because I don’t own the city hall, I just work here.
You may or may not follow this blog, and guess what? We are in the most massive global collapse since the Great Depression.
If you don’t believe me, you need to know about something called Quantitative Easing.
Barrack Obama introduced Quantitative Easing.
President Obama did not invent Quantitative Easing; he brought it into our economic structure based on the Banking Collapse of 2008.
Quantitative Easing is where the Federal Reserve (our central bank, which is neither Federal nor a Reserve creates money out of debt to keep our markets liquid).
Now that I realize that over two-thirds of high school students in America are illiterate, I realize that you are going to have to take care of yourself and your family first. There is no reason to argue with anyone anymore.
Now the time has come to enjoy the bigger picture. Not only was 75 Billion Dollars+ pumped into the market daily over the past few months, over the next two-plus weeks, the Federal Reserve is also going to pump 500 Billion into the Banking System.
How long do you think this can continue?
In previewing today’s Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 (double the current term ops) and a $50 billion (at least) term operation for Monday, December 30. This prediction was in response to Zoltan Pozsar’s warning that reserve levels are too low and the result would be a market crash that could spark QE4.
Well, moments ago the NY Fed did publish it latest weekly “Statement Regarding Repurchase Operations” as expected laying out the Fed’s expected repo operations for the period December 13 – January 14… and it blew Skyrm’s expectations out of the water
According to the statement, the NY Fed will continue to offer two-week term repo operations twice per week, four of which span year end. In addition, the Desk will also offer another longer-maturity term repo operation that spans year end. The amount offered in this operation will be at least $50 billion, just as Skyrm expected.
But there was more. Much more.
Read more here: http://bit.ly/36DIxnA