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overtheedge
Member since May 2012
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has posted a comment on the article :
The Supply of Oxen at the Federal Reserve
- Antal E. Fekete -
Gold University
"... I have conjectured that a conspiracy may exist between the Federal Reserve and the Bank of Japan. The latter is buying U.S. Treasury paper through the good offices of the former, over and above the deficit America is running in its trade accounts with Japan. ..."
"I hereby issue a challenge for anybody to come up with a better contingency plan to save the moribund dollar (barring to make it gold-redeemable) than conspiring with the Bank of Japan to extend the bull-run in bonds in order to massacre the Cassandras, on either side of the Pacific, who bet on the collapse of the American bond market."
Not better, but rather a simpler version of your conjecture. Updated to 8-2013.
Consider:
Nobody audits the Fed. Reports from the Fed state $85 billion a month is created and distributed. Now one more time. Nobody audits the Fed.
Whenever possible, hide your conspiracy in plain sight.
And never, ever forget this tidbit. If what you do, in manipulating the interest rate and money supply, results in substantial losses to the family wealth of very powerful and influential people, there is nowhere to run. Nowhere.
Perhaps there is a reason to continue kicking the can.
Do not shock the market; another good reason for kicking the can. It takes time to pull off a careful wholesale-class withdrawal from the market. Use the time wisely.
Don't spook the herd. See previous paragraph.
Never underestimate the psychological effects of greed and advantage on the decision-making process.
-------------
Though dated, still a good article. Thanks.
Commented
3884 days ago
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Hey, Mr. Chairman, in case you haven't noticed, the Federal Reserve already has a goodly supply of oxen! My father was fond of relating a story about a professor lecturing on geography. A short fellow, he was extolling the agriculture of Switzerland. "In our country oxen are not even as tall as I am. In some countries you see oxen just as tall as myself. But, believe it or not, on the fat pastures of Switzerland there are even greater oxen than myself". For emphasis the good professor stood on his tiptoes and stretched his hand upwards above his head. "We don't believe so!" - shouted someone from the back benches of the lecture theater...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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