The ECB HAS NO MONEY with which to buy those bonds....
In the same way.....
That the US Federal Reserve Bank HAS NO MONEY with which to
buy US Government Bonds.......
WHAT THE HECK !!??
(Example: It's like you and me......we take a cash
advance on our MasterCard to pay off our Visa Card, so we can
charge up stuff again on our Visa Card!!!!)
UGHHHHHHHHHHHHHHHHHHHHHHHHHHH !!!!!!!!!!!!!!!!!!!!!!!!!!
And the markets rally!! UGH!
Article:
Quote:
the central bank will begin purchasing the bonds of
member nations on the condition that the countries submit to
outside fiscal oversight. Dubbed "Outright Monetary
Transactions", or OMT,
the program would be
transparent, strictly conditional and designed specifically
to reduce catastrophic meltdowns caused by spiking yields.
To which market bears are saying "so what?"
OMT is just another program by another central
bank. It's a promise to do something without actually
doing it, much in the manner of Quantitative Easing 3 in
the U.S. As skeptics see it, this is barely
worth discussion let alone cause to take the S&P500 to
52-week highs.
The bearish thesis runs into trouble with any improvement
in the ECB. Earnings in the U.S. are slumping in no small
part due to global economic weakness. Even with China
slowing precipitously, simply slowing the rate of decline in
the European economy would be enough to raise the earnings
outlook for the vast majority of corporate America.
Today's market move is not simply bears getting shaken
out of positions. Stocks are moving higher because
investors on the sidelines are rushing into the market
Read the above quote carefully..... and
then ask yourself...."What is really being FIXED here?
And WHERE does the ECB get the MONEY to go buy the bonds????
I am simply AMAZED........and so, the stock markets RALLY
BIG TIME!! UGH!!! "S&P at
4 year HIGHS!!!" UGH!!
Hmmmmm..........
RAPTURE on Sept 16-18 window??? And then the
stock markets go BOOM! And fall apart...and this rally
just sets up a BIGGER FALL!
TICK TOCKkkkkkkkkkkkkkkk
YFIC<
Randy
PS.....think about this. 40 years ago we were on
the GOLD standard. You couldn't have more money in
circulation in the US than you had gold-in-the-vaults.
BUT NOW........ you have a central bank (In the US, the
Federal Reserve.....in Europe, the ECB) And when you
need more MONEY to "continue the financial game of Monopoly,
the central bank simply BUYS up the bonds....putting more
money in the hands of the governement.....TO OCNTINUE TO
OUTSPEND THE AMOUNT YOU TAKE IN.....
AND THUS......THE DEFICITS GROW AND GROW AND
GROW.....
Where does it end?
How does it end?
Is there ANY way that these deficits in the US....and
Europe.....can EVER BE PAID BACK????
WE ARE GREECE!
THE WORLD IS GREECE.......
GREECE is OUR future......just watch..... IF NO
RAPTURE......there just HAS TO BE BIG problems yet to
come......sometime soon.
In the meantime.....I vote for the Rapture on "Rosh
hashanah" 2012.....Sept 16-18...... On the
4th ANNIVERSARY FO THE DOW JONES BIG BIG BIG DROP ON ROSH
HASHANAH 2008.....
"just as the S&P is reaching back to 4 YEAR HIGHS
ONCE AGAIN!!! IF the Rapture is within the next
2 weeks....GOD's TIMING IS PERFECT....in my opinion
then...... and RIGHT ON TIME.....4 years to the DAY
(Rosh Hashanah) when the DOW FELL APART and gave us the
FINAL FINAL WARNING!!