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If the FED is all powerful, why have there been crashes?
By Pam Martens and Russ Martens: May 10, 2020 ~
Also remember this, the Fed and foreign central banks were also working in collusion during the devastating financial crisis of 2007 to 2010. That didn’t prevent a dramatic wipeout in the stock market and U.S. economy. In fact, there are a growing number of Fed watchers who are rightfully questioning if this isn’t Part II of the last crisis – held off this long by debt-fueled spending and money creation out of thin air by the Fed and its foreign central bank collaborators.
None of the explanations offered by mainstream media to explain the incongruous stock trading were accurate. It was not because the stock market had anticipated worse or that the market was rallying because it thought the worst of the economic fallout was behind us. It was because the one emergency funding facility that the Federal Reserve has quietly ramped up more than any other, its Foreign Central Bank Liquidity Swap Lines, was working its magic on Friday.
Well our Hawaii ZVG didn’t last long…
HAWAII VIRUS STATS FROM HDOH:
Total cases: 638 (1 newly reported)
Hawai’i County: 76
Honolulu County: 414
Kaua’i County: 21
Maui County: 117†
Pending: 0
Residents diagnosed outside of Hawai‘i: 10
Required Hospitalization: 81‡
Hawaii deaths: 17
Released from Isolation: 565§
Cumulative totals as of 12:00pm, May 15, 2020
One new case here on the Big Island of Hawaii County. We are still festering.
Captain Hook – Re: Drudge
Drudge used to be a fairly neutral ‘news aggregator’ site. Another blogger I read has also noticed that lately Drudge exhibits some pronounced TDS. Apparently Matt Drudge sold out the website to someone new…. with an axe to grind on the TDS stone.
HUI – 296.92
at least a five year high fi not more.
Has to be saying the metals are going a lot higher – ALOT
COT Report
Not that it matters all that much. Silver doesn’t look great, gold looks better.
Craziness everywhere in the pm market.
Alex 11:04
That doesn’t come up right away, so your not sure what’s going on somewhere, where it’s coming from. It took about a half an hour to show up. I’m glad it wasn’t Las Vegas that was a good size shake.
Great closes on PM stox
but note how scum sat on the metal for the last hour…no way would they let the metal run into the close……
Sunday night should be interesting as scum will be mega pissed at this action.
‘ave a gud’un.
Richard 9:16
Lol yep but if I had a choice of here or NY with the AOCs, Governor and mayor I’d stay here quakes and all. If I wound up homeless I wouldn’t freeze to death. Fishing iffy through with all the homeless due to housing greed they’re finding E Coli in the rivers due to them not at least putting up outhouses for all those people mostly young. Not just druggies and career homeless and mental but a lot of young. Then the others get them on drugs sometimes.
It was a shaking back and forth kind. Causes objects to shake. Someone else happened to be up felt it too. People all the way to Bakersfield. Theyres different kinds. By the coast I noticed rolling kinds. The San Fernando Sylmar did both apparently because people trying to evacuate instead of taking cover said that they’d take a step and the ground would leave them.
Where I’m at now more solid ground so rare but seems to be picking up although coming from other places.
Someone from Idaho said she’s feeling them there too.
Hey Maddog
Yeah, they’re always with us, but it seems losing their mojo just a little.
At least that’s what I’m telling myself.
Last hour’s these days are important, but not predictable anymore. Yesterday, we sold off a bit and this am we rip higher. Even if we rip higher into the close today, as you and I both know, there’s definitely no guarantee of a rally continuing on Monday.
scum hitting hard here…
So far today is headline writing type action…scum can’t allow that to happen…so the battle begins for the last 2 hrs.
and just as I finished typing…
another attack came in…
Not too bad yet but always present.
GLD hit at least a five year high today
Just sayin’…and it’s still not really overbought yet.
Now, if we could just get MUX to cooperate.
@Richie re 13:05 Re The Shut Down Of The Entire Global Economy
Re part:
“Nobody in their right mind would have organized a global lockdown of this magnitude. The economic damage to the population is beyond repair.”
Comment:
They can’t restore and rebuild a new system without tearing the old one down first, just like a very old house. And they couldn’t shut it all down any other way, with a simple naturally occurring big bankruptcy like Lehman Brothers and Enron. You could say its similar to bombing Japan and killing 100,000 people to end WW II. Collateral damage.
Woff Woff Dog CDE Up 18%
Maybe because its been such a dog since the 2016 at $16.40, and $5.11 today, and with Silver up 5.6%, naturally un tapped reserves under ground help.
Flynn’s Lawyer Excoriates Obama In Open Letter
https://www.zerohedge.com/political/flynns-lawyer-excoriates-obama-open-letter
Obummer had better dig out his Kenyan passport and hi tail it back there.
No wonder gold’s on fire=We are staring into the eyes of a complete monetary system collapse.
Powell and the Gates Depression
QUESTION: I know you will not acknowledge if the Federal Reserve is now listening to you. But you have called this the Gates Depression and warned that the low may not come globally until 2022. You have said there is no precedent for this type of economic decline and Powell seems to be at least reading you for he said this downturn is “without modern precedent.” You have also said that no amount of stimulation can put humpty dumpty back together again. Do you have any suggestions you would like to make in case others are listening?
PB
ANSWER: Nobody in their right mind would have organized a global lockdown of this magnitude. The economic damage to the population is beyond repair. You have governors still trying to maintain lockdowns for no rational reason whatsoever. This is purely a coup and a deliberate one to destroy the economy – plain and simple. Nobody can be this stupid, and then after witnessing the economic collapse even to state revenues, they still try to justify these lockdowns.
While the central bank has made efforts to limit the economic shock caused by coronavirus-related shutdowns, there is nothing the Fed can do to repair this damage and despite the fight over $3 trillion relief measure that Republicans dismissed as exorbitantly priced and overreaching, that would by no means repair the economy. It has been killed and its not coming back so easily.
The government’s relief efforts to date have barely sustained individuals and companies. It is impossible. With this degree of proposed debt, there is NO VIABLE European bond market left. We are staring into the eyes of a complete monetary system collapse. Europe and Japan have destroyed their bond markets so there is no possible future for them to raise money at these absurdly low artificial rates. They have destroyed so much capital formation that there is not a prayer left in the book you can possibly find to apply to this insanity.
The government’s relief efforts to date have barely sustained individuals and companies. It is impossible. With this degree of proposed debt, there is NO VIABLE European bond market left. We are staring into the eyes of a complete monetary system collapse. Europe and Japan have destroyed their bond markets so there is no possible future for them to raise money at these absurdly low artificial rates. They have destroyed so much capital formation that there is not a prayer left in the book you can possibly find to apply to this insanity.
Next week is a Panic Cycle. I know a lot of people thought I was wrong and the slingshot would take off. But all the economic numbers are looking very bad. We need people to then realize what these morons have done following Bill Gates like the Pied Piper. The damage to the economy is in excess of $10 trillion according to what we are looking at. So even $3 trillion would still not repair the damage and we have state governors refusing to open in hopes of hurting their own people for political reasons. They will ask Trump to cover their losses and that will be denied so they will blame him for their deliberate actions and try to use that in November. This is the worst corruption I think I have ever encountered.
A ZH reader=CANADA=They have been given over $10,000 in “emergency” money from trudeau!!!!
This family in my neighborhood in Canada that doesn’t work unless they’re desperate. Wife is part time coffee maiden. Only steady job in the house. 2 parents, 3 young adults.
They live in a 2800sqft all brick, no idea how they pay for it. But they have been constantly shopping lately. So a neighbor asked what’s up.
They have been given over $10,000 in “emergency” money from trudeau!!!!
I’m fucking pissed
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I fuckin’ hate turdeau!! Never voted for the spoiled trust fund faggot. We’ve got to stop rewarding people for being lazy as shit, couch surfing welfare bums. Up here, you’re ‘rewarded’ for spitting out more bastard children not even knowing who the father is.
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Through increased unemployment payments people were making much more money sitting at home than they were on the job…and Trump dollars hit and put an extra $3k in the wallet they bought a bunch of shit online, no good news here.
But I don’t fault the beneficiaries…good for them. The government has lavished trillions of dollars to some of the least deserving corporate executives for the past 50 years. At least the common man gets to enjoy a good last meal before it all falls to shit. CANADA=
Buygold
EXK up over 10%! Woo Hoo!
Goldie- right you are
Strongest shock about 30 miles West of Tonopah , NV .
