Bernanke is Out of Ammo!

Source:Economist Online

Submitted by SD Contributor AGXIIK:

JPM is about to lose it all with their bad bets on the IR swaps, CDS, derivatives and other manipulative profit centers. They will be destroyed, of that you can be sure, right along with the many other major banks.  This is inevitable and Bernanke knows it.  QE 3 is worthless to anyone but the money center banks.

There is not enough money in the world or the Fed to stop this.  QE 3 is nothing but a delaying tactic since Bernanke has NO AMMO LEFT.  NOTHING!   He is little  more than a drowning man trying to save himself and his notion of the economy by climbing on to the shoulders of his rescuers. 
And there are no rescuers coming to save him

At this point in time I am far beyond caring a rat’s a** about silver and gold manipulation and these smashes that occur in the dark of the night.
I DON’T CARE ANY MORE.  It is unimportant and irrelevant to the world situation.  If Jim Willie is half right JPM is fatally wounded, Morgan Stanley is slated for the bone yard, the European banks, particularly Spain, will implode even with OMT and all the Draghi Bernanke mini me actions.

Every economy in the world is flowing red ink, showing negative growth and throwing their currencies into the fire to send them down faster than the next currency, spending like fools to try to save their economies and keep their banks, central or otherwise, alive for a few more months.  Derivatives will crush the Euro Bank, blow across the Atlantic in a New York second, and crush our banks to boot.

There is not enough money in the world or the Fed to stop this.  QE 3 is nothing but a delaying tactic since Bernanke has NO AMMO LEFT.  NOTHING!   He is little  more than a drowning man trying to save himself and his notion of the economy by climbing on to the shoulders of his rescues.  And there are no rescues coming to save him.
Once the grand reset or whatever constitutes the complete removal of and replacement of this foul stinking corrupt system takes place, gold and silver will be free from this:

And even this:

JPM is about to lose it all with their bad bets on the IR swaps, CDS, derivatives and other manipulative profit centers. They will be destroyed, of that you can be sure, right along with the many other major banks.  This is inevitable and Bernanke knows it.  QE 3 is worthless to anyone but the money center banks.
This probably not my last word on it but I will shout  “I told you so’ once the end game is fully engaged and we see gold and silver take their rightful place in OUR hands.

 

Comments

  1. One important fact, never to lose sight of:

    THESE PEOPLE MAKE THE RULES, AND THEY CAN CHANGE THE RULES AS WELL. 

    • QUESTION IS, WHERE DO WE GO FROM HERE?
      Now PM takes its right full place because of the anti-silver-club with its fiat paper game lost
      We have a lot to contribute to this world and make it a better planet
      yet the Secret “Pilgrims Society” has a couple of tricks up its sleeve.
      Vote with our feet as Spain , Greece, and Ireland,
      or go back to the Constitution and live within our means?
       

    • That is a point that needs to be addressed. Rules seem to be made to be broken.

    • And they change the rules often to keep the little person from getting ahead.

  2. Like I said, Bill Murphy & Bix Weir be right.

    • Bix may be only partially correct.  I do not think the U.S. has a secret mega hoard of gold stashed in the Grand Canyon.  Rickards suggests the most likely end game for the U.S. is that the U.S. will appropriate all the foreign gold held in the basement of the Fed. Reserve Bank in NY City.  I’m thinking the Fed will give the rightful owner some fiat money and call it square.  Then they’ll run the math and peg the new blue money to gold.  This is when we need our Congress to stand up and fire the Fed and go back to Constitutional money issued by the U.S. Treasury Dept.  Congress can mint a platinum coin, stamp $16T on it and hand it to Bernanke and we are out debt.
       

    • @Ugly Dog… yes, we need to fire the Fed but first, let us transfer ALL of our debts to the Fed balance sheet.  Then, when the Fed’s charter comes up for reauthorization in2013, don’t reauthorize the bastages!  All that debt… POOF!  Gone.  lol

       

  3. Bailout to the people! Let’s fill the world with zeros!

  4. What’s irritating as hell is whenever the price of silver goes up, the price of stocks go up simultaneously. And vice versa. So stocks are going to be winning right alongside, perhaps for longer than we would like. Marc Faber wonders where will the Dow be when it finally crashes? 20,000? 100,000?

  5. @sm

    That’s about the only straw of hope the MOPE has left in it’s toolkit against Silver, and I would say that’s not much. When this correlation is broken, we should be ready to go. 

  6. Just across the wire.  Egan Jones just downgraded Spain to CC from CC+, with C graded outlook.  Rajoy is talking serious about raiding the Spanish Social Security System to cover the deficit, now about 5% thus far this year. With $3 billion needed and at stake from a warchest of $9 billion, that’s some serious money. The budget deficit thus far this year is 5%, or $10 billion. Adios dinero 
    That’s couldn’t happen here.  Right?  Right?

    • Anyone who attempts to steal the retirement savings of the citizens of a country should be strung up from the nearest lamp post by those same citizens… and not necessarily by the neck!  GRRR!
       

  7. Bernanke has a few moves left.  He can expand QE3 beyond MBS’s.  He can increase the monthly purchase beyond $40B.  He can go to negative interest rates.  He can go to an international dollar for trade and a domestic dollar as local currency.  He can push Europe, Japan, and England into the toilet thus making the U.S. Dollar look stronger by comparison.  He can start a war.  He’s far from done.  All things considered I think war is the banksters next move.  That’s what they have done in the past.

    • “All things considered I think war is the banksters next move.  That’s what they have done in the past.”

      Sounds good.  Hand them all rifles and tell them to have at it.  They CAN have all the war they can possibly want.  All they have to do is get in the front lines and BRAKA-BRAKA-BRAKA!  Of course, since they are talking-head gutless wussies, they will not do this.

       

  8. Ugly Dog  that would explain why the Federal Reserve Bank ordered hundreds of thousands of rounds of 40 cal ammo, body armor and Glock 40 cal pistols coupled with the uparmoring of the entrances to their offices.  That would be right in line with the 1.5 billion rounds bought by the TSA, DHS, NOAA and Social Security Administration.  Got War?

    • A .40 cal pistol is a VERY poor choice for a weapon of war.  An M-16 or an AK-74 rifle are FAR more suited to that than any pistol.  No, weapons like the .40 cal pistol are POLICE weapons, not WAR weapons.  But it does make one wonder at their need for that much policing.
       

    • Those 1.4 billion rounds of .40cal hollow point are for “target practice”.  No worries.  The TSA, HSA, SSA, weather bureau, and the park rangers just like to go to the range a lot I guess.

  9. I think we will see that the FED’s quiver still has plenty of arrows. To the average stacker, figuring out the silver world is as difficult as playing chess against Bobby Fisher. Rest assure the FED is several moves ahead of anything we could imagine.

  10. As stackers, all we need do is convert crap fiat into glorious gold and sumptuous silver on a regular basis.  The fiat world IS going to hell in a hand-basket… but that does not mean that we have to go along with it!
     

  11. bernanke hasnt run out of ammo, he owns the ammo factory he just keeps printing and printing … the downfall will be when the rest of the world notices the ammo is really just empty cases and give us back all the US ammo and say no thankyou …
    once that happens america is awash with dud ammo and they join the weimar republic and zimbabwe as historical examples of how to destroy wealth ..
     all the signs are there already almost weekly new trade arrangements are being made that exclude the dollar from international trade. Countries that were buying US bonds have stopped and some are dumping their holdings. the wealthy countries who operate surpluses are hoarding gold …. the dollar is dying and once the obituary is written the wealth of a nation dies with it

    max

  12. Bernanke isn’t out of ammo, that would be like saying a counterfeiter has run out of cash. I pay very close attention to the silver price, and gold price in dollars, the usd index, and the major indices, because they always have a story to tell, it’s like watching a news wire to me. I think what we all really need to see, is that this whole paper sharade is a confidence game, it doesn’t matter the “ammo” at the fed as much as the appearence of a full arsenal. I’ve said it before, the dollar is the biggest bubble in human history, just like silver is the best value, and social security is the biggest ponzi scheme. This is going to be a decade like no other the world has ever seen.

    • savesilver…excellent point.  It is all a confidence game.  That is what fiat money is.  it’s also about relative confidence when compared to the other guys.  I expect Europe, Japan, and England to crash before we do.  As each one of those countries go down people will flood into dollars.  The dollar is still the world reserve currency even though it’s exhibiting some cracks.  And the big additional advantage the dollar has is 12 carrier battle groups that allow the U.S. gov’t to enforce its will anywhere around the globe.  No one else has that capability.  Our dollar has value because we have the military muscle to say it has value.

  13. “…and social security is the biggest ponzi scheme.”

    Indeed so… which is EXACTLY why I started taking benefits at age 62 about a year ago.  The media talking heads are always saying that we should wait and collect a larger check.  But if you read the SSA web site, as I did, you will find that the SSA’s actuaries calculated SS to deliver EXACTLY the same benefit to everyone who lives an average life-time.  In this case, it does not matter when we start collecting benefits because the total comes out the same.  We can either elect to receive more smaller checks or fewer larger ones but that does not change the total a bit.  It is only when we live longer than average and the system doesn’t collapse that we get more by waiting.

    What is never mentioned, of course, it that: 1) SS WILL start means testing shortly because they have no other alternative; and 2) SS is going bankrupt and these payments will either stop or be seriously reduced at some point.  By taking the benefit early, I guarantee that SOME of the money I paid in for 33 years actually comes back to me.  Yes, it is inflated all to hell and gone but even at that it is better then zip.  That is what those who wait will get, IMHO.  It is nice to receive that deposit to my CU checking account each month. Makes for some very nice stacking money.  :-D

     

  14. Bernanke is the cashdoctor, what will he do when the patient stops responding to the intravenous cash injections? My guess is pump some more into her, until the patient either recovers(not possible) or dies.

  15. If QE3 doesn’t work, then QE4 will arrive followed by the others until infinity which will cause hyperinflation. Although, we should be happy that there are delays to avoid the USA collapse because that way, we have more time to prepare against it. The cartel’s power are already becoming useless because now, they can crush silver’s price by about 0.50$ for only a few days and then after that, silver’s price goes up but even higher than the previous price.

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