Re: Takedown #3 occurred today just like the past 2 days ...........
posted on
Oct 22, 2010 07:39AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Pic, I respect your comments on stars, sun and planets convergence but the only thing that currently move market is REPO and POMO. These articles can show you what kind of corrupted society we are living in right now. For the sake of humanity we should shut down that FED already, they will destroy our civililisation in next 10 years, put the power in normal hands and not some corrupted Banksters liars all the time. That is also one of the reason why I am in Gold right now.
First article is about REPO and POMO, maybe we will have today POMO, who knows, only FED and FED clients know that:
http://www.zerohedge.com/article/fed-withdraws-15-billion-liquidity-reverse-repo-stocks-predictably-turn-negative
In confirmation that the market is nothing more than Fed liquidity game, the sudden drop in the S&P back to the red is driven by the just completed reverse repo. As this is the opposite of a liquidity ramp, the amount withdrawn is apparently directly impacting stocks. The only thing that matters is that the Fed actively withdrew liquidity today. Should the market close red today it will be pretty clear what is going on: Monday and Wednesday: POMO days, and huge gain, Tuesday - no POMO, today: Reverser Repo (negative liquidity): market down.
Even if you don't like Larouche you should read this article about Fraudclose mess right now. The only effective way of dealing with the "foreclosure crisis" is the immediate passage of Glass-Steagall, and the stopping of all home foreclosures. Period.
http://www.larouchepub.com/other/2010/3741gl-st_4close_brit_emp.html
To the outside world, the Federal Reserve is an impenetrable fortress. But former employees and big investors are privy to some of its secrets -- and that access can be lucrative.
On August 19, just nine days after the U.S. central bank surprised financial markets by deciding to buy more bonds to support a flagging economy, former Fed governor Larry Meyer sent a note to clients of his consulting firm with a breakdown of the policy-setting meeting.
The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public -- but only after a three-week lag. So Meyer's clients were provided with a glimpse into what the Fed was thinking well ahead of other investors.
http://www.reuters.com/article/idUSTRE68S01020100930?source=patrick.net
The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term "bailout" and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks. So this time, the financial "powers that be" have figured out a way around that. Instead of going through the massive headache of dealing with the U.S. Congress, the Federal Reserve is simply going to print money and give it directly to the banks. To be more precise, the Federal Reserve is going to use a procedure known as "quantitative easing" to print money out of thin air in order to purchase large quantities of "troubled assets" (such as mortgage-backed securities) from the biggest U.S. banks at well above market price. Some are already openly wondering if this next round of quantitative easing is going to be the biggest bank robbery in history. Most Americans won't understand these "backdoor bailouts" well enough to get upset about them, but that doesn't mean that they won't be just as bad (or even worse) than the last round of bailouts. In the end, all of the inflation that this new round of quantitative easing is going to cause is going to be a "hidden tax" on all of us.
http://theeconomiccollapseblog.com/archives/the-biggest-bank-robbery-in-history-more-quantitative-easing-backdoor-bailouts-for-the-big-banks-without-having-to-go-through-congress
So, you can get conclusion whatever you like but I think that this kind of situation will not survive next 10 years, Gerald Celente is right about our future, the only thing that we could do is to stop those Banksters to ruin our world, so what day today will be REPO or POMO, I don't know but Banksters already know and that is for me crime and nothing more...
GLTA!