Will the Fed 'taper' tomorrow?

[EE_]

With the debt ceiling and budget deficit looming...will tapering now help their case for raising the debt ceiling, or having US bond rating lowered?

[gunDriller]

i think they will taper by $10 Billion, which means little.

they are talking the "US economy is recovering" story line, while in the background the real economy sinks deeper into (don't like to say it, it sounds depressing) depression ... or should we call it - contraction ?

i'm wondering when the "opportunity for Precious Metal raid" will occur.


if they announce a bigger taper, e.g. $85 B to $70 B ($15 B taper), then i think they would 'stomp on it' & try to push silver into the $20's & Gold below $1300.

sort of disgusting to watch, but it's what there is.

[Ponce]

Why worry about something that has no fix?.....we all know what the last page reads like.....sooooo......be happy.

V

[madfranks]

http://teapartyeconomist.com/2013/09/17/silly-market-analysts-silly-central-bankers/

The financial media has been filled with verbal speculation about the September taper. It is almost universally assumed that the FOMC will announce a change, although minor. The fever pitch has been building. But for what? For an expected reduction from $85 billion a month to $75 billion, i.e., from $1 trillion a year to $900 billion. In short, nothing relevant.

It is one more example of the financial media swallowing camels — the legitimacy of massive counterfeiting — and choking on gnats.

If the FOMC changes anything, it will be saying in no uncertain terms, “ignore our boilerplate press releases. They convey a misleading sense of predictability. Transparency? You must be joking.”

If the FOMC changes nothing, the financial news media will appear as a collective group of dolts, who live on rumors of meaningless changes, which then do not come true.

I don’t think the FOMC will change anything. If it changes anything, it will have to offer an explanation. The main one would have to be this: an improving economy since its most recent meeting on July 31. Where is the evidence of an improving economy?

The crucial fact for the FOMC is this: the pathetic economic recovery — the worst in the post-War era — has been accompanied by a quadrupling of the FED’s monetary base. What happens after the next recession? What will be the FED’s stimulus then?

The mainstream financial media do not ask this question. The question points to the magnitude of the monetary trap which the Federal Reserve is in, and which the world’s economy is in. It would raise this question: “What will happen to prices if the commercial bankers ever start lending again?” But if they refuse to lend, this question is appropriate: “When will the recovery ever gain traction, without the need for $1 trillion of counterfeit money a year?”

[Ares]

The FED is stuck between a rock and a hard place. They aren't as stupid as we think they are, they know they are stuck. They just have no other alternatives. They taper, the stock market plunges. They don't taper, foreign nations stop buying depreciating bonds.

Damned if they do, damned if they don't.

[Twisted Titan]

and the fact that you can go into a store today and buy an oz of silver is absolutely mind boggling

[madfranks]

and the fact that you can go into a store today and buy an oz of silver is absolutely mind boggling

Very few share this foresight; take advantage of it while you can.

[mamboni]

I watched a video at Victory Report the other day. This guy whose name escapes me said that the economic and monetary charts are telling him that the FED is "printing money" under the table, or in other words, monetizing off the books. This observation caught my ear because I've suspected this for a while now. And Andy Hoffmann alluded to suspecting the very same thing. To be blunt, the FED backstops the Wall Street banks and they are a bunch of crooks and lairs. So why should be believe any "official" number coming out of the FED. Is it really beyond believable to think to that the FED is resorting to smuggling money to it's munions under the table? Just consider the implications of this for a moment.

Found the video. Anyone know this guy?


http://www.youtube.com/watch?v=JcWDgond4MA&feature=player_embedded

[Large Sarge]

I think they taper, the bond market is in full meltdown, and foreigners dumping dollars...

[EE_]

Happy Taper Day!

Wall Street has been selling the taper for a year now...I think the world will be disappointed if the Fed doesn't taper.
The Fed will cite a much improved economy, housing in short supply, auto sales strong, stock market all time highs, unemployment down, corporate balance sheets very healthy and the wealthy became richer then ever in history.
What more could people ask for to prove the economy is healthy again?
Taper away Ben Shalom!

[Spectrism]

They will taper like an infestation of tape worms.

[EE_]

Just watched the most vile, evil, disgusting, degenerate scum, lying blood-sucking piece of sub-human shit on JewNBC.
Bullish on stocks and the economy, gold is dead and worthless, tapering is good, surprised Goldman made the Dow, loves any Jew Fed chairman pick.
I'll post the video when it comes up. http://video.cnbc.com/gallery/?play=1&video=3000200157
http://www.jetsetterfresh.com/wp-content/uploads/2011/06/lloyd-blankfein22.jpg

Blankfein: Fed should taper bond buying
Published: Wednesday, 18 Sep 2013 | 8:33 AM ET By: Matthew J. Belvedere | Producer, CNBC's "Squawk Box"

The Federal Reserve should taper its massive bond-buying program at this point, but it shouldn't be as big as deal as investors are making it out to be, Lloyd Blankfein, chairman and chief executive of Goldman Sachs, told CNBC on Wednesday.

If the Fed scales back its asset purchases by $10-billion-a-month the market will be "happy," anything more it will be "sad," Blankfein said on "Squawk Box" from Chicago, where the investment bank held an inaugural CFO conference that concluded Tuesday night.

All current candidates for Fed chair are very strong, he argued—saying forward economic guidance from the central bank would be more credible to the markets with continuity.

The decrease in the federal deficit because of the sequester spending cuts and increased taxes is more significant in the "normalization" of the stock market than the Fed taper would be, he said.


Blankfein also said he did not know in advance that Goldman would be added to the Dow Industrial Average. He added that inclusion in the blue-chip index was a nice validator for the company.


The economic recovery trajectory is not as steep as it should be, Blankfein explained, but said he's generally bullish on the U.S. economy.


The Fed will conclude its two-day meeting Wednesday, and the 2 p.m. ET policy statement is widely expected to contain the declaration that the central bank has begun to taper its $85-billion-per-month bond-buying program.

The Fed also issues its latest economic projections today, and Chairman Ben Bernanke will hold a 2:30 p.m. ET news conference. The markets have been largely positive leading up to the Fed decision, with the S&P 500 having risen in 10 of the past 11 sessions.

When Blankfein appeared on CNBC at in late June, he said the pullback in stocks at that time on the Fed taper talk was an overreaction.

(Read more: Blankfein: Market Overreacted to the Fed)
Since the June 24 bottom, the S&P 500 has risen about 7 percent and the Dow Jones Industrial Average has gained nearly 5 percent.

Last week, Peter Oppenheimer, chief global equity strategist at Goldman, said equities have now entered a "growth" phase—the longer but more moderate stage of a bull market, when equities are driven more by earnings rather than valuations.

(Read more: Goldman Sachs: Reasons to stay bullish on stocks)

Back on March 21, 2012, Goldman said the prospects for making money in equities relative to bonds were as good as they had been for a generation. Since then, the Dow has gained about 17 percent and the S&P increased more than 20 percent.

—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.

[aeondaze]

The only tapering that will happen today is the shit Bernank will squeeze out his arse, which in many ways is more 'tangible' than the shit that will come out of his mouth.

[Sparky]

I don't see how they possibly could taper today. I think they've been floating a September taper with the intention of not tapering, in order to subdue future response to tapering "talk". I expect that precious metals and the stock market will be making big moves this afternoon, with precious metals being more dramatic. I expect the moves to be upward, but if I'm wrong about tapering, expect sharp plunges. The mining stocks are right at the bottom of their channels, so a rise would be expected here if we have truly shaken the price bottom. If not, it damages the chart technicals and implies more near-term misery for those looking for the upward trend to resume in earnest.

[EE_]

I don't see how they possibly could taper today. I think they've been floating a September taper with the intention of not tapering, in order to subdue future response to tapering "talk". I expect that precious metals and the stock market will be making big moves this afternoon, with precious metals being more dramatic. I expect the moves to be upward, but if I'm wrong about tapering, expect sharp plunges. The mining stocks are right at the bottom of their channels, so a rise would be expected here if we have truly shaken the price bottom. If not, it damages the chart technicals and implies more near-term misery for those looking for the upward trend to resume in earnest.

Remember, the Fed is above any laws, they can do what they want.
They can say they are tapering while really stepping on the gas...and no one has to know.
Later they can say, "see, look how the economy is recovering now".
Yom Kippur is over now, the Jew has been cleansed and he's ready for a whole new year of lying and screwing over the Goy.
One of the biggest tools in their tool box is the 'lie'.

My guess is 'they' will taper


http://www.youtube.com/watch?v=EhHqG7mVQk4

[mamboni]

I don't see how they possibly could taper today. I think they've been floating a September taper with the intention of not tapering, in order to subdue future response to tapering "talk". I expect that precious metals and the stock market will be making big moves this afternoon, with precious metals being more dramatic. I expect the moves to be upward, but if I'm wrong about tapering, expect sharp plunges. The mining stocks are right at the bottom of their channels, so a rise would be expected here if we have truly shaken the price bottom. If not, it damages the chart technicals and implies more near-term misery for those looking for the upward trend to resume in earnest.

Sparky, you're a good man and your analyses are always logical and cogent. But I have to say that I think it's all bullshit. I think valuations of just about everything are meaningless and the FED has destroyed the economy and the markets:

1. Not only can they not taper, I do not believe that they are reporting all of the debt they are monetizing. I think the FED is moving hundreds of $billions secretly to private owners (the big banks) under the table.

2. The government numbers on employment, unemployment, GDP etc. are total bullshit. The economy is in a depression, period. Uemployment is over 20%. Most jobs are crap part-time minimum wage jobs.

3. Half the country is on public assistance - far and away the worst it has ever been. No businesses are being created and no real jobs are being created. The economic engine has been killed.

4. The big banks are withholding credit and starving the productive economy for capital, deliberately slowing the economy and personal spending to stave off inflation. In medicine, we put people in comas on ice to prevent brain damage from hypoxia.

5. Gold and silver prices are totally managed by paper price, yet COMEX and LBMA physical holdings now represent a tiny portion of the world's physical metal. It is a fucking joke. Paper monetary assets have exploded in size since 1972, not including all the $trillions that the FED has created secretly. The entire system is a gigantic fraud. But when it blows up, and it will, gold and silver will hit prices that will shock all of us. That's how much monopoly money is floating around, held by the corrupt few and waiting to circulate.

6. The bulk of house buying is by cash-laden speculators, hedgies borrowing from the FED for nothing. In short, this is a takeover, the banks buying up real assets whose prices are depressed by the bankers manipulation of markets(see number 4).


I don't care about the prices of gold and silver - it's BS. I keep enough cash for one year of expenses. Anything above that I convert to physical metal. Dollars in your hand or in the bank are a complete mirage. They can go poof in a day.

[Sparky]

No question regarding the level of bullshit. I was just trying to provide my view on the theater that we will be seeing today!

[mamboni]

No question regarding the level of bullshit. I was just trying to provide my view on the theater that we will be seeing today!


Theatre! Yes, exactly sir.

[chad]

kabuki theater.

[Sparky]

No question regarding the level of bullshit. I was just trying to provide my view on the theater that we will be seeing today!


Theatre! Yes, exactly sir.

Exactly on script this afternoon.

Dow +1%
Gold +2.5%
Mining Stocks +7%

[madfranks]

10 year T-Note -4.5%

[madfranks]

Consider this: what we have just seen is the after effects of the fed announcing that they will NOT slow down QE by a measly 10%. So what happens when they announce that they will taper 10%? 20%? 50 or 75%? Easy: stock markets will crash hard and interest rates will spike up!!! $1 Trillion of counterfeit money per annum is the new normal!

[Neuro]

I figured when I saw gold/silver spike earlier that Bernanke was going to continue to feed the tapeworm, that makes up 90% or so of body volume...

[ximmy]

I'm still trying to understand why gold spiked in regards to tapering? any ideas? will it drop back now that the bernack continues to feed the banksters?

[Ares]

I'm still trying to understand why gold spiked in regards to tapering? any ideas? will it drop back now that the bernack continues to feed the banksters?

Reaction to easy money. It's an inflationary knee jerk reaction.

FED says FREE MONEY FOR ALL!!!!

People who are hedging their bets are piling into gold as a safe haven. REAL wealth preservers though are buying physical no matter what the paper price says.

[madfranks]

I'm still trying to understand why gold spiked in regards to tapering? any ideas? will it drop back now that the bernack continues to feed the banksters?

The market is pricing in the coming inflation, which nominally raises the prices of all stocks and commodities.

[EE_]

http://static4.businessinsider.com/image/5049fdefecad04a361000008/throwing-money.gif

[Spectrism]

I figured when I saw gold/silver spike earlier that Bernanke was going to continue to feed the tapeworm, that makes up 90% or so of body volume...

They are feeding a whole slew of tapeworms...

treasury bonds
mortgage notes
stock market
special government (off-the-books) programs


What you see coming out of uncle Sam's pants is not a tail.... it is a tangle of tapeworms eating him from the inside.

[chad]

here is my wild conspiracy theory. they are doing this on purpose to cause an eventual crash, but hear me out.

they know this will cause a crash, and that the people will be out for blood when trillions of dollars in private retirement funds, etc. crash hard.

they want that money. it is the largest untapped pile of cash they haven't yet been able to directly pilfer.

they will use the crash to usher in a new retirement investment vehicle in bonds. they'll "repay you" your loss and revest you at loo% of whatever you had, only now it'll be in some fangle dangle government program.

the sheep will eat it up, because they are "making money," "it's the patriotic thing to do," etc.

my opinion is that all of this tapering, qe party has been designed to create an artificial crash event that will be used to confiscate iras, 401ks, everything.

[Jewboo]

REAL wealth preservers though are buying physical no matter what the paper price says.




http://www.blogcdn.com/news.holidash.com/media/2010/09/dreidel9-19-10slw.jpg
Rothschild's grandson "Hymie" setting today's Gold Fix




The London gold fixing or gold fix[1] (https://en.wikipedia.org/wiki/Gold_fixing#cite_note-1)[2] (https://en.wikipedia.org/wiki/Gold_fixing#cite_note-2) is the procedure by which the price of gold (https://en.wikipedia.org/wiki/Gold) is determined twice each business day on the London (https://en.wikipedia.org/wiki/London) market by the five members of The London Gold Market Fixing Ltd, on the premises of N M Rothschild & Sons (https://en.wikipedia.org/wiki/N_M_Rothschild_%26_Sons). It is designed to fix a price for settling contracts between members of the London bullion market (https://en.wikipedia.org/wiki/London_bullion_market), but informally the gold fixing provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets.




:rolleyes: Get real...our local dealer ONLY buys our gold and only sells our gold according to Kitco

[mick silver]

Don't piss down my back and tell me its raining

[mamboni]

http://static4.businessinsider.com/image/5049fdefecad04a361000008/throwing-money.gif

A more important question is: is that really Robert Blake?