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BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system

 
zzbudzz

User ID: 59453268
United States
10/24/2019 05:51 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
95% of the sheep have no clue the real economy is crashing
 Quoting: Anonymous Coward 75482302


I have tried to get a few people at work to look at what's going on ...but I see they are not interested in bad news. Oh well..they will cry when their 401k gets destroyed..AGAIN!
Wolf 1776

User ID: 77660098
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10/24/2019 05:52 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
bump
:wolf_footer_msg:
Anonymous Coward
User ID: 76809044
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10/24/2019 05:54 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
half empty grocery store, and stores in general.

people dying in the streets from starvation...

flag waver
Anonymous Coward
User ID: 78109744
United Kingdom
10/24/2019 05:58 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
siren2 siren2 siren2 siren2


Why is this not major headlines?

Why is Trump not mentioning?

What really is going on here...


BREAKING

The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets.

Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the central bank continues to calibrate the right amount of funding needed to keep the markets operating properly and to hold the overnight funds rate within its target range.

The announcement came from the New York Fed, which did not elaborate on the reason for the increase. However, it comes a day after the Fed injected just shy of $100 billion into the system via an operation where it provides banks with cash in exchange for high-quality assets like government bonds.

...

In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion. In addition to those two operations, the Fed recently announced a permanent operation that will target $60 billion a month initially in bond purchases that will resemble the three rounds of quantitative easing employed during and after the financial crisis.

[link to www.cnbc.com (secure)]


siren2 siren2 siren2 siren2
 Quoting: mji71


TIANJIN
beenthruthat

User ID: 77966035
United States
10/24/2019 05:59 PM

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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Fed is an illegal entity. Their contract ended in 2013.
 Quoting: Anonymous Coward 75312850


Seriously..?
People don't care how much You know ... till they know how much You care ...
SyncAsFunk

User ID: 78104262
United States
10/24/2019 06:04 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
what is it?? Europe is in chaos because of Communism and their markets are slowing
 Quoting: Jake


and since the entire western economic paradigm is now irreparably entangled with the rest of the world - the real US economy is slowing too.

Since 2008 it's all been a game of musical money printing chairs on the sinking titanic.

The ultimate end is not in question.
Some Will. Some won't. So.......
Anonymous Coward
User ID: 76809044
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10/24/2019 06:06 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
this is kind of fuzzy.
interesting.

..... Federal Reserve Act of 1913

commentary:

"The Federal Reserve Act was originally granted a twenty-year charter, to be renewed in 1933. This clause was amended on February 25, 1927: "To have succession after the approval of this Act until dissolved by Act of Congress or until forfeiture of franchise for violation of law." 12 U.S.C. ch. 3. As amended by act of Feb. 25, 1927 (44 Stat. 1234). The success of this amendment is notable, as in 1933, the US was in the throes of the Great Depression and public sentiment with regards to the Federal Reserve System and the banking community in general had significantly deteriorated. Given the political climate, including of Franklin D. Roosevelt’s administration and New Deal legislation, it was uncertain whether the Federal Reserve System would survive.

Federal Open Market Committee
In 1933, by way of the Banking Act of 1933, the Federal Reserve Act was amended to create the Federal Open Market Committee (FOMC), which consists of the seven members of the Board of Governors of the Federal Reserve System and five representatives from the Federal Reserve Banks. The FOMC is required to meet at least four times a year (in practice, the FOMC usually meets eight times) and has the power to direct all open-market operations of the Federal Reserve banks.

12 USC § 225a
On November 16, 1977, the Federal Reserve Act was amended to require the Board and the FOMC "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." The Chairman was also required to appear before Congress at semi-annual hearings to report on the conduct of monetary policy, on economic development, and on the prospects for the future. The Federal Reserve Act has been amended by some 200 subsequent laws of Congress. It continues to be one of the principal banking laws of the United States."

[link to en.wikipedia.org (secure)]
Anonymous Coward
User ID: 76363041
United States
10/24/2019 06:13 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Manufacturing is contracting
Service sector is contracting
Retail sales is slipping
GDP is heading to zero
Home sales are falling
Auto sales suck

There’s a reason Trump is begging for rate cuts and more stimulus. He knows it’s about to crash
SyncAsFunk

User ID: 78104262
United States
10/24/2019 06:28 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Manufacturing is contracting
Service sector is contracting
Retail sales is slipping
GDP is heading to zero
Home sales are falling
Auto sales suck

There’s a reason Trump is begging for rate cuts and more stimulus. He knows it’s about to crash
 Quoting: Anonymous Coward 76363041


The same things he ripped Bath House Barry's sham economy for.

The Joke is on everyone who doesn't see that the Joke is on them.

chuckle
Some Will. Some won't. So.......
Anonymous Coward
User ID: 77846760
Canada
10/24/2019 07:25 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Your 401K won't save you in this one.burnit
Anonymous Coward
User ID: 75482302
United States
10/24/2019 07:34 PM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Manufacturing is in contraction (fact)
Service sector in contraction (fact)
GDP heading to zero (1.5 estimates in Q3 and 1% in Q4)
Retail sales falling
Home sales falling
Auto sales falling
Durable goods just fell
Business investment just fell to lowest levels since Trump was elected
CAT earnings just tanked
Boeing earnings just tanked
Amazon earnings just tanked
Ford earnings were bad
GM earnings were bad
FED is pumping in 100 billion per night in the repo market to keeps the banks solvent

Tell me where this strong economy is?


Have I missed anything?
Anonymous Coward
User ID: 77882573
United States
10/25/2019 12:08 AM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
The financial situation is getting worse...they're just not telling us. MSM as usual does the Deep State's bidding and ignores it.
 Quoting: Anonymous Coward 34166608


The financial situation for 1 a more banks is probably terrible thats why the fed has to setp in the overnighht markets.

Lending between banks is based on trust if the trust is gone no bank wants to give out loans to other banks.

2007-2008 deja vu.
 Quoting: Anonymous Coward 77604116


I think it's more than one problem these repos are handling. Yes, a bank is probably in trouble. DB comes to mind. JPM is also involved and no one thinks JPM is in trouble so why would JPM be so involved in these repos? Perhaps they are offloading Treasuries from sovereign/foreign holders like the Chinese? The Chinese, for example, aren't going to plainly dump trillions in T's into the open market. They'd instead approach a JPM, put up their T's as collateral for cash loans from JPM (not unlike the Fed's repo operations), then not repay. JPM is left with the Treasuries and then dumps them onto the Fed via repos. Sneaking in money laundering like this is standard procedure for bankers.

Btw anyone who still thinks all these Trump admin meetings with the Chinese is about swapping dollars for plastic Walmart shit, aka a "trade deal", is a moron. This is about ending the dollar reserve system and turning over assets to the Chinese, who slaved away for many years to finance the deficit spending that's been used to fund the military, so the military can complete the Belt and Road Initiative from China to Israel.
Anonymous Coward
User ID: 77882573
United States
10/25/2019 12:12 AM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Fed is an illegal entity. Their contract ended in 2013.
 Quoting: Anonymous Coward 75312850


Seriously..?
 Quoting: beenthruthat


No, that poster is wrong about the Fed's charter. The Fed Act was amended to change the original 99 year charter to "in perpetuity". Whether the Fed is an illegal entity, meaning the largest fraud in history, is a different issue.
xenophon

User ID: 76444132
Australia
10/25/2019 12:49 AM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
Manufacturing is in contraction (fact)
Service sector in contraction (fact)
GDP heading to zero (1.5 estimates in Q3 and 1% in Q4)
Retail sales falling
Home sales falling
Auto sales falling
Durable goods just fell
Business investment just fell to lowest levels since Trump was elected
CAT earnings just tanked
Boeing earnings just tanked
Amazon earnings just tanked
Ford earnings were bad
GM earnings were bad
FED is pumping in 100 billion per night in the repo market to keeps the banks solvent

Tell me where this strong economy is?


Have I missed anything?
 Quoting: Anonymous Coward 75482302


It's no use, the fake 3.5% unemployment rate that all the shills keep repeating on camera overrides the ton of evidence showing the economy contracting

Interest rates should be going up, instead Trump again calls for rate cuts and pence said today it's the greatest economy in US history!

Radio silence on the endless QE and intervention from both sides. The single biggest issue for the US today and it's a non-issue
the 3rd shaking
Anonymous Coward
User ID: 78099911
United States
10/25/2019 01:20 AM
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Re: BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
America is in great shape.

MAGA





GLP