ALERT Fed 'Loans' Out $420 BILLION to Parties Unknown IN ONE WEEK--WTF???!!!

Echo 5

Echo 5

Well...shit
http://market-ticker.org/archives/2186-Did-The-Fed-Just-Surreptitiously-Bail-Out-Europe.html

No, not just Greece - all of Europe. Without Congressional authorization or notice, of course.

Or if you prefer it on a one-year time scale...

That nice little vertical line is a gain of $421.8 billion dollars of outstanding loans and leases in one week's time.

WHERE THE HELL DID THAT MONEY GO AND WHAT COLLATERAL WAS TAKEN AGAINST A FOUR HUNDRED BILLION DOLLAR INCREASE IN OUTSTANDING LOANS?

You won't find anything like that in the records - because it's never happened before. That's beyond unprecedented, it's ridiculous, and assuming it's also accurate, someone has some 'splaining to do on what clearly appears to be some sort of back-door game being run.

--

Read the comments:

http://tickerforum.org/cgi-ticker/akcs-www?post=134072&page=1
 
U

UncurledA

Inactive
Yeah, and what shows up for half-asleep, bovine Joe Public to graze on in the mainstream media ? The spin is unbelievable. See another comment after the pitiful cheerleader story here:

March budget deficit declines to $65.4B


Apr 12, 1:02 PM (ET)

By MARTIN CRUTSINGER

WASHINGTON (AP) - The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government's $700 billion financial bailout program.

The Treasury Department said the deficit for March totaled $65.4 billion, compared to a $191.6 billion imbalance a year ago. However, $115 billion of that improvement occurred because the administration lowered its estimate of the total costs for the Troubled Asset Relief Program.

Even with the change, the administration is still projecting that the budget deficit for the entire year will surpass last year's all-time high of $1.4 trillion.
Click to expand...

So, the garbage for public consumption looks like we are really getting a handle on the excessive debt here. Yay ! Good news ! Obviously the Fed is conspiring again to play "hide the sausage" with money creation and monetization, amounting to more money available with which the federal government can play fast and loose. We will get the ultimate bill as all the obligations come due.
 
workerbee

workerbee

* Winter is Coming *
Eccho 5,

Thanks for posting, I was just looking over this.
This needs explanation right the fruck now, huge implications!
The two graphs that go with your article I am taking the liberty of posting directly below, followed by a follow up article by Denninger.

9fw5sl.jpg


8xt2zd.jpg




http://market-ticker.org/

What The Hell? (Outstanding Credit)

Go read this Ticker first (it's right below this one on the top page) ***Echo 5's post****

Some more digging around FRED has found additional disturbing data. Specifically:

WHAT?


30ses1z.jpg



An $84.2 billion increase in one month, or annualized, a significantly more than 100% run rate?

Something's not right here folks. I can't find the rest of the one-week ramp yet, as the data is not current enough for me to do so, but that's an insane increase.

C&I loans picked up a bit (614 .vs. 591.8) which is a significant move as well, but then again it also dropped a lot between 3-17 and 3-24 (605 to 591.8), so in context it's not nearly as material.

Where did the more than $400 billion go that was "borrowed"?
 
B

BoatGuy

Inactive
The only we'll ever find out or put a stop to it, is to do one of two things:

1. Click our heels together 3 times, repeating there's no place like home.
2. AUDIT THE FED!
 
workerbee

workerbee

* Winter is Coming *
Please, if anyone has any thoughts on what this money was used for, I'd appreciate your input.

There's like 30+ people currently on this thread and I'm sure all of you are more knowledgeable than me, so I'd appreciate your ideas.

I do know the road to hell was paid for by the Fed.
 
MDINMT

MDINMT

Veteran Member
BoatGuy said:
The only we'll ever find out or put a stop to it, is to do one of two things:

1. Click our heels together 3 times, repeating there's no place like home.
2. AUDIT THE FED!
Click to expand...

I vote #2,if voting even counts any more.
 
Lilbitsnana

Lilbitsnana

On TB every waking moment
IIRC, TARP was a never-ending fund available for the FED to use any way it deemed necessary (domestic and/or foreign) without having to get approval from Con or giving explanations.

It was mentioned that it was just a beginning, and it (the 700B+) was just the ceiling for any given time; not the total lifetime amount.
 
workerbee

workerbee

* Winter is Coming *
Lilbitsnana said:
IIRC, TARP was a never-ending fund available for the FED to use any way it deemed necessary (domestic and/or foreign) without having to get approval from Con or giving explanations.

It was mentioned that it was just a beginning, and it (the 700B+) was just the ceiling for any given time; not the total lifetime amount.
Click to expand...

Lilbits, was TARP in loans or $$$?

I'm asking because I really do not know.....on market ticker Denninger is going to great pains pointing out these charts reflect loans, not printing money.
 
Lilbitsnana

Lilbitsnana

On TB every waking moment
workerbee said:
Lilbits, was TARP in loans or $$$?

I'm asking because I really do not know.....on market ticker Denninger is going to great pains pointing out these charts reflect loans, not printing money.
Click to expand...

I always thought it was loans. But, I am hit-n-miss on keeping up with things anymore, and the more grands I get (3 now), the more memory I seem to lose. :D
 
workerbee

workerbee

* Winter is Coming *
Lilbitsnana said:
I always thought it was loans. But, I am hit-n-miss on keeping up with things anymore, and the more grands I get (3 now), the more memory I seem to lose. :D
Click to expand...

I don't know that you're wrong; it seems plausible to me...
You're the first I've seen to offer that explanation, and is seems reasonable to me (though when we're talking 'bout the Fed not much is out of the realm of possibility.)
 
BornFree

BornFree

Came This Far
Uncurled...Any money left from Tarp they are spending in other ways. So It does not make sense to call it savings to the taxpayer.
 
naturallysweet

naturallysweet

Has No Life - Lives on TB
I find that when nothing makes sense, something happens to make everything make sense. I'm just waiting to see what that is, and hoping that we still have a semblance of a representative government afterwards.
 
BUBBAHOTEPT

BUBBAHOTEPT

Veteran Member
People, they are moving funds around to continue the GAME...........

I did not comment on the MORTGAGE DEFAULT String........This is what THEY DO.............Wake up!!!! It is different this time; Can't you smell it???

And if you can't, hey, what is on TV tonight.....................:spns:
 
W

Warthog

Tusk Up
BoatGuy said:
The only we'll ever find out or put a stop to it, is to do one of two things:

1. Click our heels together 3 times, repeating there's no place like home.
2. AUDIT THE FED!
Click to expand...
And neither one is going to happen. The FED knows America is hurting and now their kicking shit in our faces.
 
I

imaginative

keep your eye on the ball
BoatGuy said:
The only we'll ever find out or put a stop to it, is to do one of two things:

1. Click our heels together 3 times, repeating there's no place like home.
2. AUDIT THE FED!
Click to expand...

Or #3. Revoke the Federal Reserve Act. Congress could shut them down with the stroke of a pen. Right effing now.
 
Joe America

Joe America

Membership Revoked
I believe that banking institutions are more dangerous to our liberties than standing armies.
Thomas Jefferson
3rd president of US (1743 - 1826)
 
etc

etc

Inactive
The rats and vultures are picking the almost-dead carcass completely clean before it permanently collapses.
 
mt4design

mt4design

Has No Life - Lives on TB
I wonder if it went to propping up the markets? DOW 11,000? Given the state of the economy, it seems a bit of over exuberance to me.

Mike
 
Rex Jackson

Rex Jackson

Has No Life - Lives on TB
This is nothing less than criminal Americans getting paid buy our enemies to devalue our country's wealth buy another 1/2 a trillion. We did the very same thing to Germany before and during WWII. Sooner or later no one will want the paper.

This is an act of war against the citizens of the United States of America.
 
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