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possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market

 
Anonymous Coward
User ID: 5461667
United States
09/18/2019 12:55 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Lets see them print silver and then lets talk liquidity.
 Quoting: Anonymous Coward 3069376

We used to have Silver Certificates until the early
1960's. Walk into a bank and redeem your "Note" (I OWE YOU)
paper bill with actual Silver.
Little by little with each passing generation gold.silver leaves, paper leaves in preparation for the Digit.
 Quoting: Anonymous Coward 25026387


In the early '60s you could swap any paper money for silver at the bank. I did it all the time. I got silver dollars for my birthday.
JFK's silver certificates were an idea to keep the tradition alive into the future, but we all know what happened to him, and them.
But all paper dollars were originally as good as gold, or silver. That's why prices were stable for over a hundred years.
Anonymous Coward
User ID: 78003865
United States
09/18/2019 12:58 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Hmmm! What'sa going on here?
 Quoting: bigD111


Deutchebank and Chinese banks are in real trouble due to the tariffs.
 Quoting: Flying Elvii


Maybe that's why Trump put them off again.
Anonymous Coward
User ID: 77713188
United States
09/18/2019 01:04 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?
 Quoting: Bodhi Sita


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
Anonymous Coward
User ID: 77823391
Canada
09/18/2019 01:10 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?
 Quoting: Bodhi Sita


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
 Quoting: Anonymous Coward 77713188


I don't keep my money in the bank, they should/can fail and I will have my gold/silver/bitcoin/cash no problem.

The banks has some of my money, but I would rather they fail just to enjoy the shit show that would follow
Anonymous Coward
User ID: 24354862
United States
09/18/2019 01:26 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


Thats why QE should never be allowed

1. No one bails out a failed business, 100% the bank will not loan money to failed business but expect the tax payer to bail them out.

2. They resell debt and make more money

This is all a fuckery to rob people from money and show higher profits.

LET THEM SINK. Thats what the rest of us do, SINK or SWIM if you cant STAY OUT OF THE WATER. Golden rules. Applies to them to. so if they QE, be pissed off
 Quoting: Anonymous Coward 78013121


How? Go off grid?
 Quoting: Anonymous Coward 77754923


Do not provide women, only support yourself!
Anonymous Coward
User ID: 47090265
United States
09/18/2019 01:48 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
I'm not sure if anyone has brought this up but I bet this has something to do with the fracking industry.

Think about it, fracking is quick to respond to market changes and can stop and start quickly. When oil shot up, lending for fracking startups must have increases too, which would explane the banks not having the required liquidity for such a boom in business.

Just a thought.
Anonymous Coward
User ID: 25026387
United States
09/18/2019 01:54 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?
 Quoting: Bodhi Sita


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
 Quoting: Anonymous Coward 77713188

IF rates go to zero or below which Trump is advocating, You will have your money stolen from your banks accounts.
Anonymous Coward
User ID: 78014381
United States
09/18/2019 01:55 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


Thats why QE should never be allowed

1. No one bails out a failed business, 100% the bank will not loan money to failed business but expect the tax payer to bail them out.

2. They resell debt and make more money

This is all a fuckery to rob people from money and show higher profits.

LET THEM SINK. Thats what the rest of us do, SINK or SWIM if you cant STAY OUT OF THE WATER. Golden rules. Applies to them to. so if they QE, be pissed off
 Quoting: Anonymous Coward 78013121


Do you not realize yet how fake the economy is?
 Quoting: Anonymous Coward 42079668


It's a debt economy based in Keynesian economics.

Aka Alice in wonderland.

We're not paying down anyting just adding to it nobody has any confidence they'll get paid and the numbers are eventually going to prove that out

Fiat has always been a lie just some people wanted to believe in Orange Jesus hoping that their retirement was going to be puppies and kittens.

Well it's not.

So sine false Faith in credit in the paper God we trust isn't reality a lot of people are going to cry cry cry.

"You cheat you lie you make me want to cry"
Lol bye bye 401k

Best get some coin of the realm.
Anonymous Coward
User ID: 25026387
United States
09/18/2019 01:56 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Lets see them print silver and then lets talk liquidity.
 Quoting: Anonymous Coward 3069376

We used to have Silver Certificates until the early
1960's. Walk into a bank and redeem your "Note" (I OWE YOU)
paper bill with actual Silver.
Little by little with each passing generation gold.silver leaves, paper leaves in preparation for the Digit.
 Quoting: Anonymous Coward 25026387


In the early '60s you could swap any paper money for silver at the bank. I did it all the time. I got silver dollars for my birthday.
JFK's silver certificates were an idea to keep the tradition alive into the future, but we all know what happened to him, and them.
But all paper dollars were originally as good as gold, or silver. That's why prices were stable for over a hundred years.
 Quoting: Anonymous Coward 5461667


The FED has done their job in managing our economic decline. Dont think for one minute that has not been their goal all along.
Anonymous Coward
User ID: 77945585
United States
09/18/2019 01:59 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


Thats why QE should never be allowed

1. No one bails out a failed business, 100% the bank will not loan money to failed business but expect the tax payer to bail them out.

2. They resell debt and make more money

This is all a fuckery to rob people from money and show higher profits.

LET THEM SINK. Thats what the rest of us do, SINK or SWIM if you cant STAY OUT OF THE WATER. Golden rules. Applies to them to. so if they QE, be pissed off
 Quoting: Anonymous Coward 78013121


How? Go off grid?
 Quoting: Anonymous Coward 77754923


no need...

If you just pay for what you want.. and do not incur DEBT they have no hold on you or what is yours, OWN it.

I have ZERO debt, none
Don Draper from Nantucket

User ID: 57553864
United States
09/18/2019 02:00 PM

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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Thread: COMING SHOON....QE 4.......FED IS LOSING CONTROL!!
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 25026387
United States
09/18/2019 02:00 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


Thats why QE should never be allowed

1. No one bails out a failed business, 100% the bank will not loan money to failed business but expect the tax payer to bail them out.

2. They resell debt and make more money

This is all a fuckery to rob people from money and show higher profits.

LET THEM SINK. Thats what the rest of us do, SINK or SWIM if you cant STAY OUT OF THE WATER. Golden rules. Applies to them to. so if they QE, be pissed off
 Quoting: Anonymous Coward 78013121


Do you not realize yet how fake the economy is?
 Quoting: Anonymous Coward 42079668


It's a debt economy based in Keynesian economics.

Aka Alice in wonderland.

We're not paying down anyting just adding to it nobody has any confidence they'll get paid and the numbers are eventually going to prove that out

Fiat has always been a lie just some people wanted to believe in Orange Jesus hoping that their retirement was going to be puppies and kittens.

Well it's not.

So sine false Faith in credit in the paper God we trust isn't reality a lot of people are going to cry cry cry.

"You cheat you lie you make me want to cry"
Lol bye bye 401k

Best get some coin of the realm.
 Quoting: Anonymous Coward 78014381


Try this version:
[link to www.youtube.com (secure)]
Anonymous Coward
User ID: 76019530
United States
09/18/2019 02:19 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Are they going to crash the markets before the war?
 Quoting: Ostria1


markets and war are distraction...
 Quoting: 7..X.LePsihoLog


Ah. A distraction from what, I wonder...
Anonymous Coward
User ID: 77987112
Kosovo
09/18/2019 02:20 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
This only happens when banks stop lending to each other.

Banks only stop lending to each other when they need to hang on to cash or they fear the borrower will default.

This is big...and not in a good way!
 Quoting: Mental Case


Theyre gonna crash the mkt n blame trump. Declass is coming.
 Quoting: Phennommennonn


I agree. And I think they've been planning it for a long time.
Penny Peppers

User ID: 76019530
United States
09/18/2019 02:21 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
The Fed is no longer the Fed as previously known. The Fed is dead long live gold!!
 Quoting: Anonymous Coward 76313497


Please ‘splain
There's never a dull moment here on planet earth, unless GLP ceased to exist...

Oh, and Biden can't dress himself....
Penny Peppers

User ID: 76019530
United States
09/18/2019 02:28 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
I left $20 in my savings account for 2 months.

Didn't touch it.

Came back and it was $16.43

Yeah, we are going to change some things Bankers.

Get Ready.

BTC is here.
 Quoting: Anonymous Coward 77986038


WTF?!
There's never a dull moment here on planet earth, unless GLP ceased to exist...

Oh, and Biden can't dress himself....
Buck Johnson

User ID: 70378856
United States
09/18/2019 02:40 PM

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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


I'm totally with you, totally. People aren't able to keep up with payments and they are living check to check. Our economy is going down the tubes and they are trying every trick in the book to fool us into thinking that it is okay when its not.
[link to www.s8int.com]

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Quote from Joseph Goebbels Hitlers propaganda man.
Theoferrum
User ID: 74339157
United States
09/18/2019 02:42 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?
 Quoting: Bodhi Sita


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
 Quoting: Anonymous Coward 77713188


They did the same thing again last night to the tune of another 78 Billion so it has nothing to do with the Taxes.

They are Monetizing the Debt via Treasury Bonds. The first time they tried that was in 2008.

Well, gee, guess what?

Those were 10 Years Bonds (most of em). So, now, the Feds are trying to pay back their IOU's with another IOU.

I'm guessing it ain't gonna fly...

[link to www.cnn.com (secure)]
Putin's Voluntaryist

User ID: 75012031
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09/18/2019 02:50 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Thread: Is Jamie Dimon (JPMorgan CEO) engineering a stock market collapse to oust President Trump, and to kill the populist uprising?
Anonymous Coward
User ID: 74950944
United States
09/18/2019 03:04 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!
 Quoting: Anonymous Coward 25026387


I'm totally with you, totally. People aren't able to keep up with payments and they are living check to check. Our economy is going down the tubes and they are trying every trick in the book to fool us into thinking that it is okay when its not.
 Quoting: Buck Johnson





thats because the supposed "geniuses" are really flouride-coated brains who have very low IQs . they cant figure out the less money the people have, the worse the economy will be. thats why the crypto markets are so goddam sluggish cuz no one is trading due to the tax implications of the criminal IRS tyrannically taxing every single trade. even France knows the usa did that wrong. we have a tyrannical criminal government.
Anonymous Coward
User ID: 77918062
United States
09/18/2019 03:15 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Thread: CLEAN THE SHIT OUT OF YOUR EARS and LISTEN UP - You haven't seen a thing , YET.
Anonymous Coward
User ID: 77918062
United States
09/18/2019 03:16 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market



Not just him. All the biggest who can manipulate the market.
Thread: CLEAN THE SHIT OUT OF YOUR EARS and LISTEN UP - You haven't seen a thing , YET.
Anonymous Coward
User ID: 77918062
United States
09/18/2019 03:17 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Their endgame, to them, is worth the means to get there...

Crash the market. Unseat Trump. Usher in Socialism/Communism
Anonymous Coward
User ID: 25026387
United States
09/18/2019 03:25 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
...


If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?
 Quoting: Bodhi Sita


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
 Quoting: Anonymous Coward 77713188


They did the same thing again last night to the tune of another 78 Billion so it has nothing to do with the Taxes.

They are Monetizing the Debt via Treasury Bonds. The first time they tried that was in 2008.

Well, gee, guess what?

Those were 10 Years Bonds (most of em). So, now, the Feds are trying to pay back their IOU's with another IOU.

I'm guessing it ain't gonna fly...

[link to www.cnn.com (secure)]
 Quoting: Theoferrum 74339157


Another 78 billion in 24 hrs!
This is huge! No wonder the FED lowered rates again.
Things are Not looking good.
Anonymous Coward
User ID: 25026387
United States
09/18/2019 03:27 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Their endgame, to them, is worth the means to get there...

Crash the market. Unseat Trump. Usher in Socialism/Communism
 Quoting: Anonymous Coward 77918062


No, this has nothing to do with Trump.
As far as their end game, socialism/communism
is already here.
This has to do with the banks.
Are they insolvent? Again?
Anonymous Coward
User ID: 77134005
United States
09/18/2019 03:27 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
The crack just widened.
Big news that the average joe is ignorant about.
 Quoting: Anonymous Coward 25026387


Well, in that case can we get a link to a reputable news source?


Is there such a thing?
Anonymous Coward
User ID: 25026387
United States
09/18/2019 03:39 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
The crack just widened.
Big news that the average joe is ignorant about.
 Quoting: Anonymous Coward 25026387


Well, in that case can we get a link to a reputable news source?


Is there such a thing?
 Quoting: Anonymous Coward 77134005


Not in MSM

[link to www.youtube.com (secure)]
Anonymous Coward
User ID: 77960987
United States
09/18/2019 03:46 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
The biggest lie has always been the economy since we went off of the good standard.

They have used tricks and deceit to keep the sheep going to work thinking they have a bright future 30 years down the road when in actuality a collapse is upon them.

They have kept that collapse at a trickle as long as possible--the entire cabal worldwide.

In 2008 it seemed it was going to go belly up. They used new tricks and the lies have become massive. The level of spying on Americans and monitoring anyone truly woke to the system is at the highest levels ever.

The economy measured in real terms used by John Williams of Shadowstats shows exactly how bad the economy really is in comparison to 40,30,20 years ago.

It is a slow rolling death that has picked up steam as we get closer to conclusion.

There is no recovery and never would be one.

Iran and war is coming. Trump be damned if he is in the way. They need a war. A big one. And they will get it. It will draw in a new world and a new order. To replace this one that has died out since WW2.

Y'all listed the real reasons for the withdraws and it is that the money we have is so cheap and useless that making ends meet with more and more work is becoming more difficult each year. That is what devaluation does; it is what bit allowing natural forced in economics prevail.

War is coming. Brace yourselves.
Anonymous Coward
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09/18/2019 03:48 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
...


Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.
 Quoting: Eleven 11


^^^This^^^ Glad to see someone else point out the significance of what this will mean for everyone who has a mortgage and/or other bills to pay to creditors. All one has to do is look at what they did in Greece. If this happens here, any money you have in the bank will no longer be accessible. In Greece, the money was outright stolen from accounts. Unfortunately, we have become so reliant on this system that to "let them fail" is something no one should seriously want to see happen.
 Quoting: Anonymous Coward 77713188


They did the same thing again last night to the tune of another 78 Billion so it has nothing to do with the Taxes.

They are Monetizing the Debt via Treasury Bonds. The first time they tried that was in 2008.

Well, gee, guess what?

Those were 10 Years Bonds (most of em). So, now, the Feds are trying to pay back their IOU's with another IOU.

I'm guessing it ain't gonna fly...

[link to www.cnn.com (secure)]
 Quoting: Theoferrum 74339157


Another 78 billion in 24 hrs!
This is huge! No wonder the FED lowered rates again.
Things are Not looking good.
 Quoting: Anonymous Coward 25026387




"Bigger picture, some analysts believe the rate spike is a symptom of the surge in Treasury bonds being issued to fund the $1 trillion federal deficit. Government borrowing has climbed because of a decline in tax revenue from the Republican tax law and a bipartisan surge in federal spending."


they want more taxes. patriotism isn't paying abusive high taxes and fines, instead, patriotism is cheering their tax slavery tyranny downfall.
Anonymous Coward
User ID: 42274320
United States
09/18/2019 04:06 PM
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Re: possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market
Doom off, Dow on the rise and will finish in the green this afternoon. Go suck Moooshelle Obama's dick.
 Quoting: Anonymous Coward 42274320


See





GLP