17 trillion printed and dispersed... 17 trillion to go...

[ximmy]

To help the beast fall comfortably...

On the heels of the Fed members commenting publicly, legendary trader and investor, Jim Sinclair, told King World News that even though we have already seen $17 trillion of money printing, we should expect another $17 trillion going forward. KWN also asked Sinclair how he knew, from the beginning, that there would be ‘QE to infinity,’ before anyone else....

“The $17 trillion that came into the system, in total, has gone into the hands of the winners on the derivatives. The flushing of Lehman made that a necessity. Those people with the money are not lenders....

They don’t have a mindset for building. They have a mindset to reward destruction. So what you are seeing is the effect of simply putting money into a system, to fill a dark hole, out of which the money doesn’t come.

It doesn’t fund the ability to lend. And truth be known, because of FASB allowing the financial organizations, in the US, to value their over the counter derivatives at any value they choose to use, the balance sheets of the lending institutions are cartoons.

To expect that cartoon to resuscitate a housing market or to invest in business and have a significant impact on improving employment, you are out of your mind....

Once you start quantitative easing, such as we have, $17 trillion, how in the world do you pull back from it? How do you stop without having everything collapse behind you? Truth be known, Bernanke didn’t have a choice. If Bernanke did not do QE, this place would look like the day after (the movie) ‘Mad Max.’

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/13_Jim_Sinclair_-_Expect_Another_%2417_Trillion_of_QE_%26_War_in_Go ld.html

[Neuro]

I really don't dispute the figure $17 Trillion, but I am curious as to how he came to that figure...

[ximmy]

Here's the shocker. The Fed's bail-out was not $1.2 trillion, $7.77 trillion, $16 trillion, or even $24 trillion. It was $29 trillion. That is, of course, the cumulative total. But even the peak outstanding numbers are bigger than previously reported. I do not want to take any of their fire away -- interested readers must read the full account. However, I will use their study as the source for a brief summary of total Fed commitments.
http://www.huffingtonpost.com/l-randall-wray/bernankes-obfuscation-con_b_1147291.html

The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy. It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.
http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

It took $29 trillion of Fed lending and trashy asset purchases to keep the banks funded. The way the banks looked at this was as a source of cheap, continuous funding that could be rolled-over as necessary—$29 trillion worth. And with no market discipline and not even superficial supervision by the Fed that played the role of dupe of last resort.

And that is why $29 trillion is the right number to use. It is the total commitment required by the Fed to save Wall Street. So far.
http://www.creditwritedowns.com/2011/12/bernankes-29-trillion-dollar-fog-of-deceit.html