We always talk about the C.E.Os but I want the real richest people in the world's list. Not some trumped up Forbes List. The public should be aware who owns the world. Because we all know that the biggest stock options for most companies belong for the most part to a very few bunch of individuals. Like why don't we audit the rothschild's trust account at the bank of England. We should be doing this instead of running around non-sensically with our dicks out!
awg doesn't understand the basics of bonds or of derivatives, all she is doing is digging herself into a deeper hole.
First of all an IRS is an interest rate swap not the internal revenue service.
Second of all bond prices and yields have an inverse relationship, that is a fact.
Third, it is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
Fourth, the primary reason that treasuries are being bought now is due to the fact that foreigners and institutions are swapping their worthless MBS and toxic [agency] debts for slightly less toxic treasuries.
Fifth, the so-called profit made by the Fed was outweighed by the fact that the Fed used mark-fantasy accounting rules, and continues to purchase hundreds of billions of dollars in worthless debts nonstop. That directly devalues the dollar.
It is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
It actually is possible considering when the bonds were bought, along with the billions of bonus cash tossed around in this market to those that were undeserving, and in some cases, even nonexistant lol...but at some point, it actually did balance out, for about 20 seconds in the 1950's =)
This does not surprise me. A toothless brain-dead fox news watcher cannot even explain a VERY VERY basic function of the bond market.
treasuries are being bought due to foreigners swapping out their garbage agency debt and mbs that the fed is buying up. Lest we not forget the $100 trillion increase in irs
Private sector debt was shifted to the public sector.
By the way japan is a creditor nation, if they go bankrupt they would liquidate their fx reserves crashing the US dollar.
The investment banks are free to destroy the US economy and the dollar, considering how useless and apathetic the average american is. Of course they would also be destroying themselves for the short-term profit of a few.
Thy IBs are getting free money from the Fed. Yes they can destroy the dollar, by playing these ponzi schemes in cooperation with the US government and naturally the Fed. Obamacare is nothing compared to military-industrial complex spending, financial bailouts, and mortgage guarantees, toxic etc. You're a brain-dead fox news watcher, you have no right to comment on any commodity. The global economy will move on without the dollar, or creditors like japan will go broke propping up the US dollar.
Loans at ultra-low rates essentially equate to free money. All of the toxic assets being bought by the Fed have no market whatsoever. All the Fed is doing is buying time. You are clearly delusional, the banking system is in zombie status. You can pump all the blood into for a reaction, however all of the fundamental problems will still be there. The banks have been overleveraged for over a decade, they are creating money out of thin air to to sustain the entire economy, including the US dollar.
@loser666 - Those "worthless toxic assets" brought a record profit for the taxpayer since the Fed earned $52.1 billion from them, covered their typical $6B operational cost, and rebated the net profit of $46.1B to the US Treasury and thus the taxpayer.
So the taxpayer profited to the tune of $46.1B from those "worthless toxic assets" held by the Fed.
At the expense of printing money. They are still on the books of the Fed. There is no market for them. The only profit was due to mark-fantasy accounting. The main reason now why US treasury debt is being bought is due to foreigners selling their worthless agency debt and MBS to the Fed. In exchange they are being slightly less worthless Treasuries. Considering budget deficits in future years, there is not enough money in the world to sustain US debt levels. That is the bottom line.
@loser666 - with all your screaming about HYPERINFLATION, it's ironic that the Fed's low interest rate is actually deflating the US economy and inflating foreign markets with higher interest rates from carry trade arbitrage.
@loser666 - demographics for Russia, Japan and Europe show that the global economy is dying off and only the US and China can save it.
Islamic countries have terrible economies and only oil revenue saves them, and as Islam takes over Europe and Russia, they won't have oil to support themselves with.
Russia will run out of oil in a few decades.
Even China is dying off with its One Child Policy.
The global economy won't move on without the US, which is still 25% of world GDP and will continue so.
No, the US is broke. The US economy has been a gigantic ponzi scheme, all they have done is bailed out the system, with all of the inherent risks in place. So the day of judgment has been postponed, that is it. China is not dying off, they can easily end the one child policy, many in China are already having 2 children now. The sun never sets on the US empire Now Explain why you are a flat earth creationist who believes that bond prices move up with bond yields.......................
LMAO, your ignorance is incredibly outstanding. All you are doing now is creating straw-man arguments. Oh, you must be a gold-bug HAHAHA.
you still have not been able to even counter a single point that I have made, and still have not even answered some most basic points that you clearly have been wrong about.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
Says the person who cannot define a bond let alone a derivative or explain how one would work. Says the person who thinks there are $350 trillion worth of real assets in the world.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
@loser666- I wasn't spouting hyperinflation doom and gloom delusions about the dollar. You were. And you were the one that mentioned $350T, not me. You also failed to point out how the Greek debt collapse the Euro and Japan debt collapse the China credit collapse the Stock Market collapse the gold collapse are all boosting Treasuries a lot more than swaps. And if those Swaps reverse, those losses by JP Morgan are going to eat up all that reserve capital and kill the possibility of inflation.
LMAO, you have failed to counter any such argument. The euro is declining due to sovereign debt crisis. Japan's saver's see it as a patriotic duty to buy bonds. They did not have a sovereign debt crisis.
You really are 100% ignorant on this subject, that I can guarantee you.
Everything you have said is virtually wrong. JPM has no reserves you braindead toothless fox news watcher.
Look at you embarrassing yourself some more. You do not even know what a derivative or a bond is. I have already throughly discredited all of your arguments.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
phony is a libelous allegation, we paid premiums to the ratings agencies to get "official" ratings. sorry to pop your bubble janet but it has always been a subjective valuation system. this woman is as thick as a plank. tavakoli structured finance, haha, i would like to take a look at her roster of clients since no banks or hedge funds would touch her with a 10 foot pole.
no wonder she needs to tout a book to make a living. and a poorly written at that.
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@ImpotentJerk - You're still at making a TOTAL FOOL of yourself, and so effectively because you're demonstrating that you're totally incapable of saying anything of substance.
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blah blah blah. Keiser is a globalist - he's for centralized control ("the matrix is beautiful".)
Keiser, 2 + 2 ==4, even to a former Wall Streeter living in lala land. As Denninger says, the undeniability of logic and math proves true.
Keiser, explain all the planets cooling (polar caps growing Mars Earth moons of Jupiter) coinciding w no solar flares - and in 1990's, planets warming (polar caps shrinking on Mars Earth...) while solar flare activity was high.
our msm in America is not reporting it but media around the world is. The UN has come out and said Israel is violating the law. Human rights orgs have also spoken out against Israel. CBS 60 min. did a special a while back (January 25, 2009) exposing apartheid against the Palestinians.
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US Treasuries are sold at the "price" that the US defines for the principal amount.
It's the interest rate that is auctioned.
If interest rates on Treasuries are "artificially low", it's because the Fed intervened to keep long term rates low to support the mortgage market to alleviate the foreclosure crisis.
You clearly do not understand the relationship between bond prices and yields. All you do spout the same rhetoric, and dig yourself into a deeper whole.
Interest rates are much lower than they should be, this keeps all of the bonds that are purchased at artificially high prices.
Go take an economics 101 class, and actually learn about how the bond market works. If a person buys a bond at a high price at auction, with low interest rates, once interest rates soar, the bond price decreases.
Those Treasuries were bought it artificially low interest rates to begin with.
Interest rate swaps were not invented yesterday, they have existed for decades.
Bond prices function as the inverse to yields. That is a basic fact. US Treasury securities should not have been sold at such prices with such yields to begin with.
Again you do not understand the function of derivatives.
The bonds would deflate, thus reducing the total net dollar assets outstanding . Bond prices would collapse. Their is no forex implication on a dollar to dollar asset.
IRS gives the appearance of over $350 trillion in demand for treasuries that do not exist, they are all uncollateralized. That is the point, if it were not for the market, yields would have skyrocketed years ago, causing prices to collapse as well as the dollar.
janet tavikoli - sorry to pop your bubble, but thats why we paid premiums to the ratings agencies - to make it absolutely 101% legitimate to sell the derivatives as AAA paper. if you
tavikoli - another schmuck pretending to be knowledgeable when she has absolutely no idea what current reality is. stop dreaming that you can claw back the bonuses or put FS executives in prison. we protected our backsides completely when we did this ~ only the tag-along me2s like countrywide will get into trouble.
besides we spend billions on lobbying, buying votes for our allies and we have our own in positions of power. we are the new untouchables~~~~~
Hey Max: I always enjoy listening to your perspectives, but I swear, sometimes you sound like a mouthpiece for the old Radio Moscow shortwave propaganda broadcasts I listened to in the 1980's.
Max and his girlfriend act as if the US and the UK are the sole cause of misery around the world. That is far from the truth. Just look at Russia today, and look at the history of Russia. In fact the same kgb/russian military people are still running the russian government to this day. It is really a competition of civilizations beneath the surface, Russian civilization vs, China, Islam and the West in a battle royal. No party is innocent, although some are more vicious than others.
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@reiser666 - You'd think Russia would have learned what happens with the "autocracy" thing, since they've tried it over and over again and it always ends up bad for them.
Yet, Pootie-Poot is doing the autocracy thing again and the Russians are too sheeple to stand up to him, which is why they keep going through autocracy cycles of varying degrees of oppression.
They need to try a new paradigm. like liberty, and kick the old tyranny habit.
@reiser666- Don't waste my time trying to recover from your TOTAL FINANCIAL NONSENSICAL BLATHER.
Bond prices don't work inversely to interest rates to the BOND ORIGINATOR, in this case the US GOVT.
Collapse is interest rates for Treasury securities means NO LACK OF CONFIDENCE in future US FISCAL POLICY as happens to be the case now because of the Positive Yield Curve.
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Janet, you're almost as dumb as Max financially.
The dollar gets boosted by the deleveraging from the economic collapse.
If you want to throw out the ridiculous claim of "controlled demolition" of the economy by Goldman Sachs, then the only associated claim to throw with it is that Goldman Sachs also had a STRONG DOLLAR POLICY because the financial collapse is going to cause massive deleveraging which only will boost the value of the dollar.
A collapse in the financial system and the OTC derivatives ponzi scheme would lead to hyperinflation not deflation. The same ponzi scheme that is propping up asset markets is also propping up the entire US Treasury market and the US dollar. Over half of all OTC derivatives are actually IRS. Without the support of those contracts, treasury prices would collapse. By the way a collapse in demand and trade, would sooner bankrupt US creditors, forcing them to liquidate their overseas holdings.
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@reiser999 - you just marked yourself as a TOTAL FINANCIAL DOOFUS with that kook rant.
A collapse of a credit bubble leads to DEFLATION due to the deleveraging of defaults, writedowns, bankruptcy liquidations, etc.
Deleveraging is money destruction, Bubba, and that leads to deflation.
"OTC Derivatives scheme" is pure "Ron Paul's Liberty and the Free Market" and is not the same as the US Treasury market which is a bond market not a derivatives market, idiot.
The IRS market is not the Credit derivatives market by any means. Look up your subject before you spout nonsense. It is much larger than Credit derivatives.
Once the treasury market collapses, interest rates will soar. This will cause a lack of confidence in the dollar. There is no deflation, the collateralized $700 trillion derivatives bubble was created, and was not measured by any Fed or public statistic. Hyperinflation is never demand-pull inflation.
Understand what the Interest Rate Swap market it is first. You clearly cannot grasp the concept of OTC derivatives. Credit derivatives only compose a relatively small portion of the $700 trillion derivatives market.
Such contracts generate the appearance of artificial demand for US Treasuries, keeping rates from soaring and the entire US Sovereign debt market from collapsing.
You again clearly do not understand the function of the OTC derivatives market.
There are over $350 trillion worth of IRS. They are not collateralized by any means, it would not even be possible to collateralize such contracts. Interest rate swaps keep rates low and generates demand that otherwise would not have been created for Treasury securities.
Treasury prices would collapse. That is a fact. US Creditors would see their treasury holdings depreciate dramatically.
IRS has nothing to do with treasury prices or interest rates. these are two completely different products and markets.
IRS has nothing to do with the rate of interest for Treasury bonds. IRS are based on the prevailing interest rates in the market but are in fact private contracts where prices and rates are only relevant between the parties in the contract.
The IRS in question are based upon the assumption of treasuries being the underlying collateral. Those treasuries do not exist.
The use of those swaps keep interest rates artificially low. Otherwise, rates would have soared years ago in the market. Thus when yields decrease as they did in 2008, it was due to the influx of such contracts creating the presence of demand. This attempts to attract investors into the market and keeps the us government financing their debts at low interest rates.
not at all. treasuries are used as for reference pricing and not as collateral at all. as i said, IRS are private contracts.
i can make an IRS with you at any rate, referenced on any interest rate in the world within any given time frame.
it is essentially a wager between you and me. now you can choose to hedge your wager or try to arbitrage on the transaction in which you MIGHT purchase a principal product.
but the wager between you and me has no bearing on the treasury market or T-bond int.
The point is that interest rates are kept much lower than they otherwise would have been. They do not have any backing of any sort. If it were not for the IRS effect on the market, interest rates would be much higher. True rates are being suppressed. All of treasuries sold at such artificially low rates would then see major prices declines. That is the overall net effect on the market. Measuring in the trillions of dollars, it keeps rates from skyrocketing, that is how they are being used.
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@faller666 - you don't even know the IRS delusion you're spewing and deliberately contradict it without realizing because you don't have a clue what it is and are just faking it.
The IRS "artificially low" delusion is based on actually buying the bonds as part of the swap so the swap isn't a naked speculation.
The treasuries do exist, idiot, to make the "artificially low" delusion argument that an artificial bond demand is being generated by the non-naked IRS trades.
You clearly have not comprehended the function of a derivative by any means.
Interest Rate Swaps, not the Internal revenue service as you would have it keep rates much lower than they otherwise would be.
Once the IRS market breaks down, there will be no protection to keep rates from skyrocketing. This will cause Treasury prices to decrease dramatically.
Again this is an OTC derivative, they are unhedged OTC derivatives. There is nothing to stop the dollar and treasuries from collapsing.
So you are saying that JP Morgan alone actually owns $50-60 trillion worth of Treasury bonds. That is impossibly, it exceeds the whole Treasury market itself by multiples.
You are the one who did not even know what an IRS was, until I brought it up and you still don't know how it functions.
IRS keep interest rates much lower than they otherwise would have been, this keeps government financing their debt at a much lower percentage than it otherwise would be.
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faller666 - No, the block on naked shorting in the IRS market keeps speculation under control and prevents artificial crashing of the Treasuries market, as naked shorting artificially took down Bear Stearns and Lehman Bros.
The IRS delusion is yet another gold bug crackpot conspiracy delusion to pimp dollar panics to artificially support the gold market.
First of all Bear Stearns and Lehman brothers did not naked short. It is not the equity markets. "naked short selling" does not apply to the OTC derivatives market. They are not traded on any exchange.
You clearly rehash the same nonsense again and again without even understanding the market in question. OTC derivatives are contracts made between a party and a counter party there is no exchange and there is no limitation.
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@faller666 - You show that don't know what you're talking about again because you don't know what happened with Bear and Lehman.
I did not say that Bear and Lehman were the ones doing the shorting.
They were the targets of the naked shorting by others.
And you're also showing that you don't have a clue what the gold bug's IRS "artificially low" delusion is, that you're trying to fake your way through.
OTC derivatives have nothing to do with the equity markets, you clearly do not know what you are talking about.
I am not a gold bug.
You have contradicted yourself so many times it is incredible how you continue to respond and further embarrass yourself. This has nothing to do with stock prices. The Treasury market has nothing to do with stocks, that is in the bond market. OTC Derivatives relating to interest rates and even credit derivatives have nothing to do at all with stocks.
Again I'm not a gold bug. You do not even understand the concept of derivatives let alone hedging.
You have not countered one fact coherently, all you can do is spout drivel like a fox news watcher. You do not even understand what an Interest rate swap is, even now.
You still don't know how the bond market works, i.e yields rise when prices fall.
You do not even understand the most basic dynamic of the bond market, yet you pose as some kind of expert. All you have is ad hominem attacks.
That is called projection. You clearly have not even a clue what you are talking about. The Equity markets, bond markets and derivatives markets have nothing to do with each other.
You think up is down. Yields have an inverse relationship to bond prices. That is an established fact.
All you are doing is making up facts with no relevance to the central argument whatsoever when your points are defeated one after another again and again.
@loser666 - You're just trying what's called Diversion.
You made a typical crackpot claim and blathered on incoherently.
You never provided any proof, let alone sufficient proof, to support you're crackpot claim and still haven't.
And now you're simply engaged in diversions to hide that fact.
But,it's obvious that you know you've lost because you've been all over trying to pimp out uninformed, contrived disagreements with any comment of mine that you can find all over the place.
You are the only one making "diversions" You do not understand the equity markets, bond markets or the derivative markets at all. Once you are defeated on one point you concoct your own theories relating to a totally different subject.
You have been wrong on so many critical points. It is ridiculous. Bond prices are inverse to bond yields. This is equivalent to denying the laws of gravity on your part. Take a Bond 101 course.
@loser666 - The Bond market is reported BY yield, Bubba.
You still haven't offered a coherent theory supporting you're delusional claim on whether it's based on hedged or unhedged IRSs, let alone any sufficient evidence to support whatever is your theory.
You are merely repeating rhetorical talking points that have absolutely nothing to do with the topic at hand. That may work on a foxnation conversation, but it will not work in a real conversation. If you even could understand the definitions of bonds, equities and derivatives it would make you look slightly less foolish. I'm not making any claims. Go to the BIS, Treasury, and Federal reserve websites. These are established facts that your fox-brain clearly cannot comprehend.
You do not even understand basic definitions of market terminology. You do not even know how a bond functions. You think that yields rise as prices rise, which is a complete and total contradiction. You do not even know what a derivative is. You do not even understand the basic functions of the federal reserve. You did not even know that treasuries are being bought now to swap out worthless MBS paper. You know next to nothing about any market of any asset class.
@loser666 - I destroyed your crackpot claims by getting you to expose yourself with wild claims that you contradicted unwittingly and never proved.
And since you recognized that I exposed you, you spent all your time trolling for every comment of mine that you could find and you're still just blathering away divorced from reality, instead of making an attempt to prove your exaggerated claim.
You never even made a serious argument. All you do is spew talking points.
You do not even understand what a derivative is, let alone how a derivative functions.
You do not even understand what a bond is, let alone how a bond functions. You do not know what you are talking about. You do not even understand the workings of the Federal Reserve. You do not even understand interest rates or the forex market by any means.
You are most definitely the atypical fox news watcher.
Wow the tenacity of ignorance really knows no bounds on your part.
Your argument was entire discredited when you claimed that bond prices were went up with yields, that is totally equivalent to denying the laws of gravity. You do not even know the definition of a bond or a derivative let alone how the work. I have never contradicted anything, you do not even know the definition of hedging.
You do not even understand the workings of a market.
Wow you are just sad. You like to throw around the word "crackpot" when it does not fit in your fox news world.
No the reality is that the data is available for everyone to see at the BIS, fed and the treasury.
Of course a delusional o'reilly lover like you can't expect to define bond let alone a derivative, all you do is spout nonsensical points such as liberals=bad, bond prices go up with yields etc.
You cannot even comprehend basic concepts regarding the financial markets at all.
You continue to show yourself to be a total and complete embarrassment.
The only simplistic claims being made are by you and you continue to repeat fox news talking points.
This has nothing to do with open market operations. This is not on an open market. The OTC derivatives market is otherwise known as the shadow banking system.
You are an utter buffoon.
Explain why you are a flat earth creationist that believes that bond prices move up with yields............
OTC derivatives are not an open market. All the data is available from the fed, treasury, bis websites. Not fox news, which happens to be your only source.
The IRS market is unhedged, there is no collateral to support any of the underlying positions period.
Explain why you are a flat earth creationist that believes that bond prices move up with yields..........................
Reiser just said its mostly not credit derivatives. Did you not read that or do you just like repeating things? And derivatives are deflating because central banks are bailing people out of those positions and printing money to cover it. There will be no deflation.
The BIS estimates that the value of all OTC derivatives outstanding is about $600 trillion currently. However that is only an estimate, they do not give any real detail into how that estimate is made. Either way it is multiple times greater than world gdp
If it were not for the IRS market, interest rates would have spiked long ago. Treasury prices would have gone down dramatically.
nothing beats a 5% solution shot straight into the veins for a junkie.
with the accounting rules changed, we can put any nominal value we wish on the toxic derivatives. and if things deteriorate, the buyer of last resort is the fed, further supported by the treasury. they have already demonstrated via the AIG case of their commitment to full valuations of dodgy assets.
we will come out of this just fine with the unlimited backing of the fed and treasury. the rest of the US is in deep trouble though and the faster they OD and shed roughly 150 -200m unproductive people so that we can start anew, the better. in any case, the government has developed the right solution - concentration of wealth and assets in the hands of a few who can survive. like noah's ark, 2 bankers, 2 HF managers, 2 PEs, 2 engineers, 2 scientists, 2 workers - the rest can drown.
"Over half of all OTC derivatives are actually IRS" is
pure "Ron Paul's Campaign for Lunacy."
The IRS is an agency of the Treasury Dept.
The Treasury Dept. is SELLING the Treasury securities, which means the Treasury is SELLING the CREDIT RISK and doesn't need to hedge with a CDS since it's not buying the risk, it's selling the risk, idiot.
You just marked yourself again as a TOTAL FINANCIAL DOOFUS and RON PAUL KOOK.
I don't know why I even bother with lemmings like you.
An IRS is an Interest Rate Swap. There are over $350 trillion in such uncollateralized swaps on the market today. JP Morgan by itself has over $60 trillion in such swaps. Does JPM even have 60 trillion in assets, no.
IRS functions by creating artifical demand for treasuries, thereby keeping interest rates artificially low. This ponzi scheme has been going on for decades now.
Wow, stop digging yourself deeper "averageworkinggal". A collapse in Treasury prices would necessarily mean a rise in interest rates, not the opposite and you suggest. How can you possibly believe what you are saying?
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Wrong Max, Geithner saying he wasn't a regulator is totally consistent with the Fed's "Ron Paul Liberty and the Free Market" laissez-faire approach to regulation during the housing bubble.
So Geithner wasn't a regulator in his mind during that time.
Geithner acted as a Ron Paul kook not a regulator.
Yes Israel should give us the money back and its Treasonous to give them any more money. Israel could give a crap about the United States, they only care for their survival. England should be supporting them, they stole that land for them
@rocksiphone if ti wasn't for the West this parasite state wouldn't even exist but of course we can't blame the parasites for trying to dominate us. The goyim should blame themselves for wanting to suck the Jew dick forever. That's it, Jews won, we lost.
tavakoli -- everything about the derivatives was legal -- thats why we had ratings agencies do the ratings. why else would we pay them those hefty premiums, you dodo.
another useless person who relies on whining to make a living and sell books.
Peter Schiff says that those banks just should have went under, and it would have been much better for the the US, instead of pumping trillions of dollars into them, so they could keep it, and then not help our economy. that i do understand. you cannot fix this by throwing money at it.
What is this obsession with anti-semitism, really? Most jews are not even descended from the levant, as proven by dna. They are most closely related to turks, kurds and armenians. Why don't the zionists go live in turkey? Even then they are not wholly anatolian/caucasian, the sephardics have great north african admixture and the ashkenazis have great european admixture. It is ridiculous, they think are "chosen ones" when they are not even israelites. Judaism was once a proselytizing faith too.
@reiser999 most of them have no value, honor or dignity. They kill their own family to survive. You think they care where they wandered, whom they mixed with?
Its those radical religious people who support Israel because they want to bring on armageddon. I mean I want it too, but I will not support Israel Terrorists and those guys in Washington should be jailed for giving them our money. England should support them, they stole the land for them
max is funny and stacy is a babe
throwerofturds 1 week ago
Janet Tavakoli is one of the great women telling the truth about the banksters. Keep it up Janet!
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annakelsuaq 1 year ago
Fuck off, Max. I hate when he pretends to be Jay Leno. Get serious, you stupid coxukker
mrmres 1 year ago
Yes, Israel should repay the money along will all other countries - why did they pick on Israel. I wonder........?
spfix 1 year ago
We always talk about the C.E.Os but I want the real richest people in the world's list. Not some trumped up Forbes List. The public should be aware who owns the world. Because we all know that the biggest stock options for most companies belong for the most part to a very few bunch of individuals. Like why don't we audit the rothschild's trust account at the bank of England. We should be doing this instead of running around non-sensically with our dicks out!
check: anarchadia.over-blog. com
disgracious23 1 year ago
that sounds like a slave lol
poodleinsky 2 years ago
awg doesn't understand the basics of bonds or of derivatives, all she is doing is digging herself into a deeper hole.
First of all an IRS is an interest rate swap not the internal revenue service.
Second of all bond prices and yields have an inverse relationship, that is a fact.
Third, it is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
reiser999 2 years ago
Fourth, the primary reason that treasuries are being bought now is due to the fact that foreigners and institutions are swapping their worthless MBS and toxic [agency] debts for slightly less toxic treasuries.
Fifth, the so-called profit made by the Fed was outweighed by the fact that the Fed used mark-fantasy accounting rules, and continues to purchase hundreds of billions of dollars in worthless debts nonstop. That directly devalues the dollar.
I could go on and on and on
reiser999 2 years ago
@reiser999
It is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
It actually is possible considering when the bonds were bought, along with the billions of bonus cash tossed around in this market to those that were undeserving, and in some cases, even nonexistant lol...but at some point, it actually did balance out, for about 20 seconds in the 1950's =)
thewy42 1 year ago
118 israeli nukes?
That's enough to nuke the 57 Muslim states twice over.
averageworkinggal 2 years ago
The technology transfers supplied to the zionist imperialists were by the western imperialists of course.
reiser999 2 years ago
Dear Mr. Buffett, about your $5B investment in Goldman Sachs ... the Lawsuits are Coming, you won't see that $5B again.
averageworkinggal 2 years ago
This does not surprise me. A toothless brain-dead fox news watcher cannot even explain a VERY VERY basic function of the bond market.
treasuries are being bought due to foreigners swapping out their garbage agency debt and mbs that the fed is buying up. Lest we not forget the $100 trillion increase in irs
Private sector debt was shifted to the public sector.
By the way japan is a creditor nation, if they go bankrupt they would liquidate their fx reserves crashing the US dollar.
reiser999 2 years ago
The Lawsuits are Coming!
The Lawsuits are Coming!
Goldman Sachs and the rest of the housing bubble securitizers better run for the hills.
General Janet Tavakoli is taking no prisoners.
averageworkinggal 2 years ago
The investment banks are free to destroy the US economy and the dollar, considering how useless and apathetic the average american is. Of course they would also be destroying themselves for the short-term profit of a few.
reiser999 2 years ago
@loser666 - the investment banks will destroy themselves first if they bet wrong as they showed in the 2008 meltdown.
They're not free to destroy the US dollar.
That requires the government to do that.
With ObamaCare dead now, that breathes new life into the dollar, which is why the dollar is up.
If the dollar is "destroyed", so is the global economy, so it's not going to happen.
You're a crypto-Gold Bug.
You lied that you weren't.
averageworkinggal 2 years ago
Thy IBs are getting free money from the Fed. Yes they can destroy the dollar, by playing these ponzi schemes in cooperation with the US government and naturally the Fed. Obamacare is nothing compared to military-industrial complex spending, financial bailouts, and mortgage guarantees, toxic etc. You're a brain-dead fox news watcher, you have no right to comment on any commodity. The global economy will move on without the dollar, or creditors like japan will go broke propping up the US dollar.
reiser999 2 years ago
@loser666 - Free money? No.
They're loans that have to paid back.
In essence, the Fed is an Islamic Central Bank with its low Fed funds rate.
Fedahu Akbar.
Banks are arbitraging the interest rate.
The low interest rate is necessary to mitigate foreclosures including commercial RE that could devastate the banking system and the economy.
Your arguments show that you're a pathetic crackpot.
China could easily buy our whole MIC with their $2.4T dollar reserves.
averageworkinggal 2 years ago
Loans at ultra-low rates essentially equate to free money. All of the toxic assets being bought by the Fed have no market whatsoever. All the Fed is doing is buying time. You are clearly delusional, the banking system is in zombie status. You can pump all the blood into for a reaction, however all of the fundamental problems will still be there. The banks have been overleveraged for over a decade, they are creating money out of thin air to to sustain the entire economy, including the US dollar.
reiser999 2 years ago
@loser666 - Those "worthless toxic assets" brought a record profit for the taxpayer since the Fed earned $52.1 billion from them, covered their typical $6B operational cost, and rebated the net profit of $46.1B to the US Treasury and thus the taxpayer.
So the taxpayer profited to the tune of $46.1B from those "worthless toxic assets" held by the Fed.
averageworkinggal 2 years ago
At the expense of printing money. They are still on the books of the Fed. There is no market for them. The only profit was due to mark-fantasy accounting. The main reason now why US treasury debt is being bought is due to foreigners selling their worthless agency debt and MBS to the Fed. In exchange they are being slightly less worthless Treasuries. Considering budget deficits in future years, there is not enough money in the world to sustain US debt levels. That is the bottom line.
reiser999 2 years ago
@loser666- right now there is no expense of "printing money" to the money supply since the money supply is declining.
"Mark fantasy" accounting resulted in the Treasury receiving a non-fantasy $46.1B from the Fed.
Much of that "worthless agency debt and MBS" isn't worthless because it's based on prime mortgages that aren't defaulting.
Their default rate is less than 10%.
Treasuries, as you know, are called "riskless" and "the benchmark."
We agree that the Democrats' nanny state will implode.
averageworkinggal 2 years ago
This has been flagged as spam show
I've already been through this again and again. Anyone can scroll down.
Now Explain why you are a flat earth creationist who believes that bond prices move up with bond yields.......................
reiser999 2 years ago
@loser666 - with all your screaming about HYPERINFLATION, it's ironic that the Fed's low interest rate is actually deflating the US economy and inflating foreign markets with higher interest rates from carry trade arbitrage.
averageworkinggal 2 years ago
This has been flagged as spam show
I've already explained the dynamic to you before. All you do is repeat the same rhetorical talking points.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields.......................
reiser999 2 years ago
Again you have been consistently discredited through your own words.
Now Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
@loser666 - demographics for Russia, Japan and Europe show that the global economy is dying off and only the US and China can save it.
Islamic countries have terrible economies and only oil revenue saves them, and as Islam takes over Europe and Russia, they won't have oil to support themselves with.
Russia will run out of oil in a few decades.
Even China is dying off with its One Child Policy.
The global economy won't move on without the US, which is still 25% of world GDP and will continue so.
averageworkinggal 2 years ago
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No, the US is broke. The US economy has been a gigantic ponzi scheme, all they have done is bailed out the system, with all of the inherent risks in place. So the day of judgment has been postponed, that is it. China is not dying off, they can easily end the one child policy, many in China are already having 2 children now. The sun never sets on the US empire Now Explain why you are a flat earth creationist who believes that bond prices move up with bond yields.......................
reiser999 2 years ago
LMAO, your ignorance is incredibly outstanding. All you are doing now is creating straw-man arguments. Oh, you must be a gold-bug HAHAHA.
you still have not been able to even counter a single point that I have made, and still have not even answered some most basic points that you clearly have been wrong about.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
Goldman Sucks and Credit Shwissh should have executives going to the cooler, the slammer, the hole, whosegow, JAIL!
elucidative 2 years ago
@loser666 - You still trying to dance your way around making a fool of yourself.
You made an exaggerated claim, the signature of a crackpot, and then show that you're a fraud because you can't prove it.
Just because a market may be low doesn't mean it's "artificially" low as you claimed.
And the bigger the market, the less likely that it could be manipulated.
Arguing that the IRS market is huge argues against that it could be manipulated to be artificial or true spread traded to boost bonds.
averageworkinggal 2 years ago
Says the person who cannot define a bond let alone a derivative or explain how one would work. Says the person who thinks there are $350 trillion worth of real assets in the world.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
averageworkinggal 2 years ago
You cannot even define a bond nor can you define a derivative.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
LMAO, you have failed to counter any such argument. The euro is declining due to sovereign debt crisis. Japan's saver's see it as a patriotic duty to buy bonds. They did not have a sovereign debt crisis.
You really are 100% ignorant on this subject, that I can guarantee you.
Everything you have said is virtually wrong. JPM has no reserves you braindead toothless fox news watcher.
reiser999 2 years ago
@loser666- you clearly are showing that you're a self-styled know-it-all know-nothing big mouthed idiot.
The euro-based and Japan bonds declining due to a much worse sovereign debt crisis than the US is having a great effect boosting Treasuries.
Japan has a very significant sovereign debt crisis, much worse than the US.
You don't know the bond market!!!
JPM has lots of 2008 meltdown Fed-provided reserve capital that you gold bug kooks use to scream HYPERINFLATION about.
.
averageworkinggal 2 years ago
Look at you embarrassing yourself some more. You do not even know what a derivative or a bond is. I have already throughly discredited all of your arguments.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
@loser666 - I see you're not only making horrendously ignorant arguments but you've run out of alternatives.
averageworkinggal 2 years ago
You are incapable of rational discussion. All you do is keep moving from talking point to talking point.
Explain why you are a flat earth creationist who believes that bond prices move up with bond yields........................ ..
reiser999 2 years ago
Janet Tavakoli is out for Mortgage Securitizer blood and just may get out.
averageworkinggal 2 years ago
You do not even know what a bond or a derivative or mortgage security works on an open market.
You have no idea what you are talking about.
reiser999 2 years ago
averageshillworker 2012!!!
The Sheeples Choice!!!
baaaaa...
AlmightyJerk 2 years ago
phony is a libelous allegation, we paid premiums to the ratings agencies to get "official" ratings. sorry to pop your bubble janet but it has always been a subjective valuation system. this woman is as thick as a plank. tavakoli structured finance, haha, i would like to take a look at her roster of clients since no banks or hedge funds would touch her with a 10 foot pole.
no wonder she needs to tout a book to make a living. and a poorly written at that.
trinomialtree 2 years ago
Hey there averageworkinggal I mean avg shill.
How are the Bilderberg's treating you?
You make it very easy for people to know the truth! : )
All we have to do is look the opposite way you say to.
You say "left". We obviously need to look Right.
avgworkingshill 2012!!!
The Sheeples Choice!
baaaaa....
AlmightyJerk 2 years ago 2
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@ImpotentJerk - You're still at making a TOTAL FOOL of yourself, and so effectively because you're demonstrating that you're totally incapable of saying anything of substance.
averageworkinggal 2 years ago
@averageworkinggal
Thanks! Some things never change.
Kind of like you constantly getting sooo many thumbs Down. That your blather of barking at windmills, don't even show! LOL : )
AlmightyJerk 2 years ago
Go max, Get these rotten criminals
cityslickeroz 2 years ago
This has been flagged as spam show
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ephedrinedietpills 2 years ago
blah blah blah. Keiser is a globalist - he's for centralized control ("the matrix is beautiful".)
Keiser, 2 + 2 ==4, even to a former Wall Streeter living in lala land. As Denninger says, the undeniability of logic and math proves true.
Keiser, explain all the planets cooling (polar caps growing Mars Earth moons of Jupiter) coinciding w no solar flares - and in 1990's, planets warming (polar caps shrinking on Mars Earth...) while solar flare activity was high.
Carbon is fraud
saynotonontruth 2 years ago
(cont) @ averageworkinggirl
our msm in America is not reporting it but media around the world is. The UN has come out and said Israel is violating the law. Human rights orgs have also spoken out against Israel. CBS 60 min. did a special a while back (January 25, 2009) exposing apartheid against the Palestinians.
PrudenceWright 2 years ago
@ averageworkinggirl I can't find your original reply but this is what you said:
"Israel has tried repeatedly to make peace with the Palestinians, but the Palestinians won't make peace and continue to commit terrorist acts.
If Israel was "terrorizing" Palestinians, it would make headline news.
Instead, the Palestinians brainwash their people, even little children, to be terrorists." (cont)
PrudenceWright 2 years ago
It should be well know, that you don't deter roaches from colluding in your kitchen by feeding them fat bonuses
szol2005 2 years ago
This comment has received too many negative votes show
US Treasuries are sold at the "price" that the US defines for the principal amount.
It's the interest rate that is auctioned.
If interest rates on Treasuries are "artificially low", it's because the Fed intervened to keep long term rates low to support the mortgage market to alleviate the foreclosure crisis.
averageworkinggal 2 years ago
You clearly do not understand the relationship between bond prices and yields. All you do spout the same rhetoric, and dig yourself into a deeper whole.
Interest rates are much lower than they should be, this keeps all of the bonds that are purchased at artificially high prices.
Go take an economics 101 class, and actually learn about how the bond market works. If a person buys a bond at a high price at auction, with low interest rates, once interest rates soar, the bond price decreases.
reiser999 2 years ago 2
Those Treasuries were bought it artificially low interest rates to begin with.
Interest rate swaps were not invented yesterday, they have existed for decades.
Bond prices function as the inverse to yields. That is a basic fact. US Treasury securities should not have been sold at such prices with such yields to begin with.
reiser999 2 years ago 4
*at
This is why there would be a collapse in the US Treasury market and the US dollar.
reiser999 2 years ago
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@reiser666 - you pimping crackpot theories.
It's based on a crackpot concocting a bogus hyperinflation delusion back in June about interest rate swaps.
The "IRS Market" would simply collapse before the possibility of hyperinflation could occur.
And with that collapse, the counterparties longing the bonds go bankrupt thus deflating the money supply and braking inflation.
You keep making nonsense.
"Bond Prices" is not the OTC IRS Market.
"Bond Prices" is not the primary Treasury bond market.
averageworkinggal 2 years ago
Again you do not understand the function of derivatives.
The bonds would deflate, thus reducing the total net dollar assets outstanding . Bond prices would collapse. Their is no forex implication on a dollar to dollar asset.
IRS gives the appearance of over $350 trillion in demand for treasuries that do not exist, they are all uncollateralized. That is the point, if it were not for the market, yields would have skyrocketed years ago, causing prices to collapse as well as the dollar.
reiser999 2 years ago 3
janet tavikoli - sorry to pop your bubble, but thats why we paid premiums to the ratings agencies - to make it absolutely 101% legitimate to sell the derivatives as AAA paper. if you
trinomialtree 2 years ago
sorry, cut myself off by mistake.
tavikoli - another schmuck pretending to be knowledgeable when she has absolutely no idea what current reality is. stop dreaming that you can claw back the bonuses or put FS executives in prison. we protected our backsides completely when we did this ~ only the tag-along me2s like countrywide will get into trouble.
besides we spend billions on lobbying, buying votes for our allies and we have our own in positions of power. we are the new untouchables~~~~~
trinomialtree 2 years ago
Hey Max: I always enjoy listening to your perspectives, but I swear, sometimes you sound like a mouthpiece for the old Radio Moscow shortwave propaganda broadcasts I listened to in the 1980's.
watcherjohnny 2 years ago
Max and his girlfriend act as if the US and the UK are the sole cause of misery around the world. That is far from the truth. Just look at Russia today, and look at the history of Russia. In fact the same kgb/russian military people are still running the russian government to this day. It is really a competition of civilizations beneath the surface, Russian civilization vs, China, Islam and the West in a battle royal. No party is innocent, although some are more vicious than others.
reiser999 2 years ago 2
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@reiser666 - You'd think Russia would have learned what happens with the "autocracy" thing, since they've tried it over and over again and it always ends up bad for them.
Yet, Pootie-Poot is doing the autocracy thing again and the Russians are too sheeple to stand up to him, which is why they keep going through autocracy cycles of varying degrees of oppression.
They need to try a new paradigm. like liberty, and kick the old tyranny habit.
averageworkinggal 2 years ago
Are you a subscriber to the golitsyn theory?
reiser999 2 years ago
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@reiser666- Don't waste my time trying to recover from your TOTAL FINANCIAL NONSENSICAL BLATHER.
Bond prices don't work inversely to interest rates to the BOND ORIGINATOR, in this case the US GOVT.
Collapse is interest rates for Treasury securities means NO LACK OF CONFIDENCE in future US FISCAL POLICY as happens to be the case now because of the Positive Yield Curve.
averageworkinggal 2 years ago
Bond prices rise or decline inversely to interest rates, that is a basic mechanism for the bond market.
reiser999 2 years ago
It's interesting how the Israelis commenting here so naturally support the Federal Reserve's privately owned credit monopoly.
Hmmm, I wonder why.
LibertaerUeberAlles 2 years ago 5
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Unregulated credit derivatives are pure "Ron Paul's Liberty and the Free Market."
Max is again allowing yet another attack on Ron Paul and his "Liberty and the Free Market" laissez-faire capitalism.
Max is accusing Ron Paul and his unregulated "Liberty and the Free Market" of being "financial terrorists" and "a criminal syndicate."
averageworkinggal 2 years ago
This comment has received too many negative votes show
Janet, you're almost as dumb as Max financially.
The dollar gets boosted by the deleveraging from the economic collapse.
If you want to throw out the ridiculous claim of "controlled demolition" of the economy by Goldman Sachs, then the only associated claim to throw with it is that Goldman Sachs also had a STRONG DOLLAR POLICY because the financial collapse is going to cause massive deleveraging which only will boost the value of the dollar.
averageworkinggal 2 years ago
A collapse in the financial system and the OTC derivatives ponzi scheme would lead to hyperinflation not deflation. The same ponzi scheme that is propping up asset markets is also propping up the entire US Treasury market and the US dollar. Over half of all OTC derivatives are actually IRS. Without the support of those contracts, treasury prices would collapse. By the way a collapse in demand and trade, would sooner bankrupt US creditors, forcing them to liquidate their overseas holdings.
reiser999 2 years ago 3
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@reiser999 - you just marked yourself as a TOTAL FINANCIAL DOOFUS with that kook rant.
A collapse of a credit bubble leads to DEFLATION due to the deleveraging of defaults, writedowns, bankruptcy liquidations, etc.
Deleveraging is money destruction, Bubba, and that leads to deflation.
"OTC Derivatives scheme" is pure "Ron Paul's Liberty and the Free Market" and is not the same as the US Treasury market which is a bond market not a derivatives market, idiot.
averageworkinggal 2 years ago
The IRS market is not the Credit derivatives market by any means. Look up your subject before you spout nonsense. It is much larger than Credit derivatives.
Once the treasury market collapses, interest rates will soar. This will cause a lack of confidence in the dollar. There is no deflation, the collateralized $700 trillion derivatives bubble was created, and was not measured by any Fed or public statistic. Hyperinflation is never demand-pull inflation.
reiser999 2 years ago 3
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@reiser666 - Cut your losses, idiot.
Continuing to incoherently kook blather TOTAL FINANCIAL NONSENSE only perpetuates your self destruction.
"THE IRS Market" ???
That's TOTAL CRACKPOT NONSENSE.
The bond market for Treasury securities is a function of US Fiscal Policy (the supply) and "Ron Paul's Liberty and the Free Market" (the demand.)
A lack of confidence in the dollar, really a lack of confidence in US Fiscal Policy, not monetary policy, can lead to a "treasury market collapse."
averageworkinggal 2 years ago
Understand what the Interest Rate Swap market it is first. You clearly cannot grasp the concept of OTC derivatives. Credit derivatives only compose a relatively small portion of the $700 trillion derivatives market.
Such contracts generate the appearance of artificial demand for US Treasuries, keeping rates from soaring and the entire US Sovereign debt market from collapsing.
reiser999 2 years ago 4
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@reiser666 - It's $516T and deflating, not $700T, and it's mostly not credit derivatives.
It's the Yield Curve that shows how the market views sovereign debt, Bubba.
A positive yield curve means the market for long term Treasury securities is strong and that investors assume inflation will be kept in check.
You still remain incoherent.
averageworkinggal 2 years ago
You again clearly do not understand the function of the OTC derivatives market.
There are over $350 trillion worth of IRS. They are not collateralized by any means, it would not even be possible to collateralize such contracts. Interest rate swaps keep rates low and generates demand that otherwise would not have been created for Treasury securities.
Treasury prices would collapse. That is a fact. US Creditors would see their treasury holdings depreciate dramatically.
reiser999 2 years ago 3
IRS has nothing to do with treasury prices or interest rates. these are two completely different products and markets.
IRS has nothing to do with the rate of interest for Treasury bonds. IRS are based on the prevailing interest rates in the market but are in fact private contracts where prices and rates are only relevant between the parties in the contract.
trinomialtree 2 years ago
The IRS in question are based upon the assumption of treasuries being the underlying collateral. Those treasuries do not exist.
The use of those swaps keep interest rates artificially low. Otherwise, rates would have soared years ago in the market. Thus when yields decrease as they did in 2008, it was due to the influx of such contracts creating the presence of demand. This attempts to attract investors into the market and keeps the us government financing their debts at low interest rates.
reiser999 2 years ago 3
not at all. treasuries are used as for reference pricing and not as collateral at all. as i said, IRS are private contracts.
i can make an IRS with you at any rate, referenced on any interest rate in the world within any given time frame.
it is essentially a wager between you and me. now you can choose to hedge your wager or try to arbitrage on the transaction in which you MIGHT purchase a principal product.
but the wager between you and me has no bearing on the treasury market or T-bond int.
trinomialtree 2 years ago
The point is that interest rates are kept much lower than they otherwise would have been. They do not have any backing of any sort. If it were not for the IRS effect on the market, interest rates would be much higher. True rates are being suppressed. All of treasuries sold at such artificially low rates would then see major prices declines. That is the overall net effect on the market. Measuring in the trillions of dollars, it keeps rates from skyrocketing, that is how they are being used.
reiser999 2 years ago 3
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@faller666 - you don't even know the IRS delusion you're spewing and deliberately contradict it without realizing because you don't have a clue what it is and are just faking it.
The IRS "artificially low" delusion is based on actually buying the bonds as part of the swap so the swap isn't a naked speculation.
The treasuries do exist, idiot, to make the "artificially low" delusion argument that an artificial bond demand is being generated by the non-naked IRS trades.
averageworkinggal 2 years ago
You clearly have not comprehended the function of a derivative by any means.
Interest Rate Swaps, not the Internal revenue service as you would have it keep rates much lower than they otherwise would be.
Once the IRS market breaks down, there will be no protection to keep rates from skyrocketing. This will cause Treasury prices to decrease dramatically.
Again this is an OTC derivative, they are unhedged OTC derivatives. There is nothing to stop the dollar and treasuries from collapsing.
reiser999 2 years ago 3
So you are saying that JP Morgan alone actually owns $50-60 trillion worth of Treasury bonds. That is impossibly, it exceeds the whole Treasury market itself by multiples.
You are the one who did not even know what an IRS was, until I brought it up and you still don't know how it functions.
IRS keep interest rates much lower than they otherwise would have been, this keeps government financing their debt at a much lower percentage than it otherwise would be.
Take a BOND 101 course.
reiser999 2 years ago 2
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faller666 - No, the block on naked shorting in the IRS market keeps speculation under control and prevents artificial crashing of the Treasuries market, as naked shorting artificially took down Bear Stearns and Lehman Bros.
The IRS delusion is yet another gold bug crackpot conspiracy delusion to pimp dollar panics to artificially support the gold market.
averageworkinggal 2 years ago
There is no block on native shorting. You clearly do not know what you are talking about. This is an OTC market.
reiser999 2 years ago 2
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@faller666 - You just collapsed you're "artificially low" delusion again, because you previously argued that it's based on banks holding Treasuries.
averageworkinggal 2 years ago
It is impossible to own $50 trillion worth of treasuries.
You are the only one here that clearly does not understand the basic concepts regarding derivatives.
I said the banks did not hold treasuries, there positions have to be unhedged.
reiser999 2 years ago 2
*naked shorting
reiser999 2 years ago
I'm not a gold bug, you assume too much.
First of all Bear Stearns and Lehman brothers did not naked short. It is not the equity markets. "naked short selling" does not apply to the OTC derivatives market. They are not traded on any exchange.
You clearly rehash the same nonsense again and again without even understanding the market in question. OTC derivatives are contracts made between a party and a counter party there is no exchange and there is no limitation.
reiser999 2 years ago 2
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@faller666 - You show that don't know what you're talking about again because you don't know what happened with Bear and Lehman.
I did not say that Bear and Lehman were the ones doing the shorting.
They were the targets of the naked shorting by others.
And you're also showing that you don't have a clue what the gold bug's IRS "artificially low" delusion is, that you're trying to fake your way through.
averageworkinggal 2 years ago
OTC derivatives have nothing to do with the equity markets, you clearly do not know what you are talking about.
I am not a gold bug.
You have contradicted yourself so many times it is incredible how you continue to respond and further embarrass yourself. This has nothing to do with stock prices. The Treasury market has nothing to do with stocks, that is in the bond market. OTC Derivatives relating to interest rates and even credit derivatives have nothing to do at all with stocks.
reiser999 2 years ago 2
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@faller666 - you're an idiot.
Doing a naked interest rate swap is most likely to be a short, idiot.
.
averageworkinggal 2 years ago
There are no regulations for the OTC derivatives market.
You are the one who brought up stocks, which is totally irrelevant to this conversation.
Of course this is what to expect from a typical fox news watching palin lover.
reiser999 2 years ago
@faller666 - I didn't bring up the bond hedged IRS argument. You did incompetently.
The gold bug delusional argument that you're trying to pimp brought that up as a basis for their "artificially low" argument that you're parroting.
I'm just the one who's coherently explaining what the "artificially low" argument is.
Actually, it's both.
The gold bug article pimping that argument incoherently argued both sides: the hedged side and the unhedged side, unwittingly.
averageworkinggal 2 years ago
Again I'm not a gold bug. You do not even understand the concept of derivatives let alone hedging.
You have not countered one fact coherently, all you can do is spout drivel like a fox news watcher. You do not even understand what an Interest rate swap is, even now.
You still don't know how the bond market works, i.e yields rise when prices fall.
You do not even understand the most basic dynamic of the bond market, yet you pose as some kind of expert. All you have is ad hominem attacks.
reiser999 2 years ago
@faller666- Now, you're showing a lack of reading comprehension.
I didn't say you were a gold bug.
I said you're irresponsibly parroting an irresponsible gold bug argument.
You're wasting my time with your bogus contrived attacks.
You're just trying phony sleight-of-hand contrivances to hide that I destroyed your arguments.
averageworkinggal 2 years ago
That is called projection. You clearly have not even a clue what you are talking about. The Equity markets, bond markets and derivatives markets have nothing to do with each other.
You think up is down. Yields have an inverse relationship to bond prices. That is an established fact.
All you are doing is making up facts with no relevance to the central argument whatsoever when your points are defeated one after another again and again.
You have demonstrated no coherent argument.
reiser999 2 years ago
@loser666 - You're just trying what's called Diversion.
You made a typical crackpot claim and blathered on incoherently.
You never provided any proof, let alone sufficient proof, to support you're crackpot claim and still haven't.
And now you're simply engaged in diversions to hide that fact.
But,it's obvious that you know you've lost because you've been all over trying to pimp out uninformed, contrived disagreements with any comment of mine that you can find all over the place.
averageworkinggal 2 years ago
You have made no coherent point whatsoever still.
You are the only one making "diversions" You do not understand the equity markets, bond markets or the derivative markets at all. Once you are defeated on one point you concoct your own theories relating to a totally different subject.
You have been wrong on so many critical points. It is ridiculous. Bond prices are inverse to bond yields. This is equivalent to denying the laws of gravity on your part. Take a Bond 101 course.
reiser999 2 years ago
@loser666 - The Bond market is reported BY yield, Bubba.
You still haven't offered a coherent theory supporting you're delusional claim on whether it's based on hedged or unhedged IRSs, let alone any sufficient evidence to support whatever is your theory.
averageworkinggal 2 years ago
You are merely repeating rhetorical talking points that have absolutely nothing to do with the topic at hand. That may work on a foxnation conversation, but it will not work in a real conversation. If you even could understand the definitions of bonds, equities and derivatives it would make you look slightly less foolish. I'm not making any claims. Go to the BIS, Treasury, and Federal reserve websites. These are established facts that your fox-brain clearly cannot comprehend.
reiser999 2 years ago
@loser666 -
I understand the markets better than you and
I'm not the one that made the deliberate artificial market manipulation, hyperinflation dollar crash claims.
I could clearly see that you were the typical crackpot making exaggerated claims without substantiation.
And you clearly are talking like a LOSER.
You're down to pathetic ad hominem attacks.
I didn't make the crackpot claims.
You did.
And then you couldn't prove anything.
averageworkinggal 2 years ago
You do not even understand basic definitions of market terminology. You do not even know how a bond functions. You think that yields rise as prices rise, which is a complete and total contradiction. You do not even know what a derivative is. You do not even understand the basic functions of the federal reserve. You did not even know that treasuries are being bought now to swap out worthless MBS paper. You know next to nothing about any market of any asset class.
You have had your chances.
reiser999 2 years ago
@loser666 - I destroyed your crackpot claims by getting you to expose yourself with wild claims that you contradicted unwittingly and never proved.
And since you recognized that I exposed you, you spent all your time trolling for every comment of mine that you could find and you're still just blathering away divorced from reality, instead of making an attempt to prove your exaggerated claim.
averageworkinggal 2 years ago
You never even made a serious argument. All you do is spew talking points.
You do not even understand what a derivative is, let alone how a derivative functions.
You do not even understand what a bond is, let alone how a bond functions. You do not know what you are talking about. You do not even understand the workings of the Federal Reserve. You do not even understand interest rates or the forex market by any means.
You are most definitely the atypical fox news watcher.
reiser999 2 years ago
@loser666-
You've beaten your phony "bond argument" diversion to death.
Bottom Line, as the evidence shows:
You're a crackpot making crackpot claims.
You were exposed on it and you failed to come up with the evidence to support your crackpot claim and you're just trying to dance your way around it.
I obviously know bonds better than you since I wasn't the one making the crackpot claim. You were.
You're still a failure on proving your "artificially low" crackpot claim.
averageworkinggal 2 years ago
You are the only one making diversions.
Wow the tenacity of ignorance really knows no bounds on your part.
Your argument was entire discredited when you claimed that bond prices were went up with yields, that is totally equivalent to denying the laws of gravity. You do not even know the definition of a bond or a derivative let alone how the work. I have never contradicted anything, you do not even know the definition of hedging.
You do not even understand the workings of a market.
reiser999 2 years ago
@loser666-
Thanks for conclusively confirming that you're a crackpot.
You obviously can't provide sufficient evidence, let alone marginal evidence, to support your "artificially low" crackpot claim.
averageworkinggal 2 years ago
Wow you are just sad. You like to throw around the word "crackpot" when it does not fit in your fox news world.
No the reality is that the data is available for everyone to see at the BIS, fed and the treasury.
Of course a delusional o'reilly lover like you can't expect to define bond let alone a derivative, all you do is spout nonsensical points such as liberals=bad, bond prices go up with yields etc.
You cannot even comprehend basic concepts regarding the financial markets at all.
reiser999 2 years ago
@loser666 - the fact remains that you made the crackpot claim of "ARTIFICIALLY" low and never provided evidence to back up the claim.
You were throwing out all kinds of widely exaggerated simplistic assertions and contradicting yourself repeatedly.
"Artificial" means manipulated, so prove the manipulation with facts.
Identify which secretive TOMO, POMO or Repo injections created the "artificial" low.
TOMO and POMO injections were announced, not secretive, so that's not artificial.
averageworkinggal 2 years ago
You are the only one who has ever contradicted HIMself, and continue to make a fool out of yourself.
You do not even know what a bond or a derivative is, you have no right to comment.
Now you are again throwing out terms you do not understand TOMO, POMO, and repo which have nothing to do with what I said on this topic.
reiser999 2 years ago
You continue to show yourself to be a total and complete embarrassment.
The only simplistic claims being made are by you and you continue to repeat fox news talking points.
This has nothing to do with open market operations. This is not on an open market. The OTC derivatives market is otherwise known as the shadow banking system.
You are an utter buffoon.
Explain why you are a flat earth creationist that believes that bond prices move up with yields............
reiser999 2 years ago
Comment removed
averageworkinggal 2 years ago
More shameless embarrassments on your part.
OTC derivatives are not an open market. All the data is available from the fed, treasury, bis websites. Not fox news, which happens to be your only source.
The IRS market is unhedged, there is no collateral to support any of the underlying positions period.
Explain why you are a flat earth creationist that believes that bond prices move up with yields..........................
reiser999 2 years ago
LMAO what a huge contradiction. Over $350 trillion is greater than world gdp multiple times over.
There is no real underlying market.
Explain why you are a flat earth creationist that believes that bond prices move up with yields........................ ..
reiser999 2 years ago
Reiser just said its mostly not credit derivatives. Did you not read that or do you just like repeating things? And derivatives are deflating because central banks are bailing people out of those positions and printing money to cover it. There will be no deflation.
strongbadXCP 2 years ago 3
The BIS estimates that the value of all OTC derivatives outstanding is about $600 trillion currently. However that is only an estimate, they do not give any real detail into how that estimate is made. Either way it is multiple times greater than world gdp
If it were not for the IRS market, interest rates would have spiked long ago. Treasury prices would have gone down dramatically.
reiser999 2 years ago 2
those are only notional value of contracts, does not equal exposure.
trinomialtree 2 years ago
Exposure at that level is not even possible.
The notional value indicates what collateral is needed to even support those contracts to begin with.
If they are uncollateralized (which they would have to be), then all of the assets that they support would be artificially priced.
reiser999 2 years ago
no kidding, of course they are artificially priced and partially-collateralized, they are derivatives. is there a point to your reply?
trinomialtree 2 years ago
The point is that if it were not for the use of those contracts the economy would have entered a severe recession/depression quite a while back.
OTC Derivatives are being used to keep asset prices and even US government bond prices from collapsing.
reiser999 2 years ago
nothing beats a 5% solution shot straight into the veins for a junkie.
with the accounting rules changed, we can put any nominal value we wish on the toxic derivatives. and if things deteriorate, the buyer of last resort is the fed, further supported by the treasury. they have already demonstrated via the AIG case of their commitment to full valuations of dodgy assets.
trinomialtree 2 years ago
Don't you really mean one of the final shots right before the junkie finally ODs?
reiser999 2 years ago
we will come out of this just fine with the unlimited backing of the fed and treasury. the rest of the US is in deep trouble though and the faster they OD and shed roughly 150 -200m unproductive people so that we can start anew, the better. in any case, the government has developed the right solution - concentration of wealth and assets in the hands of a few who can survive. like noah's ark, 2 bankers, 2 HF managers, 2 PEs, 2 engineers, 2 scientists, 2 workers - the rest can drown.
trinomialtree 2 years ago
The problem is that the end result call for massive social unrest and possibly a revolution.
Say goodbye to the USA as we know it.
reiser999 2 years ago
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@reiser666- The BIS reported $516T specifically which is why I said $516T.
averageworkinggal 2 years ago
No the newest report shows $605 trillion, up about $90 trillion from two years ago. With a $100 trillion increase in the IRS market.
reiser999 2 years ago
reference ?
DavidAKZ 2 years ago
public data is available from the BIS, the Treasury and the Fed.
reiser999 2 years ago
By the way what does this even have to do with Ron Paul?
I'm not a supporter of his.
reiser999 2 years ago
campaign
reiser999 2 years ago
reference ? Surely the losses in derivatives markets will counter act any attempt at inflation through money printing ?
DavidAKZ 2 years ago
No, these same derivatives are also propping up the US Treasury market.
When the treasury market goes, so does the dollar.
reiser999 2 years ago
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@reiser666 -
"Over half of all OTC derivatives are actually IRS" is
pure "Ron Paul's Campaign for Lunacy."
The IRS is an agency of the Treasury Dept.
The Treasury Dept. is SELLING the Treasury securities, which means the Treasury is SELLING the CREDIT RISK and doesn't need to hedge with a CDS since it's not buying the risk, it's selling the risk, idiot.
You just marked yourself again as a TOTAL FINANCIAL DOOFUS and RON PAUL KOOK.
averageworkinggal 2 years ago
IRS does not equal the Internal Revenue Service.
I don't know why I even bother with lemmings like you.
An IRS is an Interest Rate Swap. There are over $350 trillion in such uncollateralized swaps on the market today. JP Morgan by itself has over $60 trillion in such swaps. Does JPM even have 60 trillion in assets, no.
IRS functions by creating artifical demand for treasuries, thereby keeping interest rates artificially low. This ponzi scheme has been going on for decades now.
reiser999 2 years ago
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@reiser666 -
"Without the support of those contracts, treasury prices would collapse"
We want "Treasury prices" to collapse idiot ! !
That keeps the interest on the public debt lower, idiot.
Bubba, are you ever a TOTAL FINANCIAL DOOFUS.
averageworkinggal 2 years ago
Bond prices work inversely to interest rates.
You clearly do not know what you are talking about.
A collapse in the bond market would cause interest rates to soar.
reiser999 2 years ago
Comment removed
averageworkinggal 2 years ago
Wow, stop digging yourself deeper "averageworkinggal". A collapse in Treasury prices would necessarily mean a rise in interest rates, not the opposite and you suggest. How can you possibly believe what you are saying?
strongbadXCP 2 years ago
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@strongOdorXCP - you're yet another TOTAL FINANCIAL DOOFUS.
A rise in interest rates don't collapse "prices", that is notional principal of the bonds, to the US govt. originator.
You're talking about a secondary fixed rate market.
The "prices" of Treasuries don't "collapse" in the primary market.
averageworkinggal 2 years ago
The fact that treasuries were already purchased at such prices with low yields demands that once that once yields soar prices will collapse.
reiser999 2 years ago
Thus resulting in the collapse of the treasury market and the dollar.
reiser999 2 years ago
This comment has received too many negative votes show
Why is Janet Tavakoli having anything to do with Madman Max Keiser?
averageworkinggal 2 years ago
This comment has received too many negative votes show
Wrong Max, Geithner saying he wasn't a regulator is totally consistent with the Fed's "Ron Paul Liberty and the Free Market" laissez-faire approach to regulation during the housing bubble.
So Geithner wasn't a regulator in his mind during that time.
Geithner acted as a Ron Paul kook not a regulator.
averageworkinggal 2 years ago
Yes Israel should give us the money back and its Treasonous to give them any more money. Israel could give a crap about the United States, they only care for their survival. England should be supporting them, they stole that land for them
rocksiphone 2 years ago
@rocksiphone if ti wasn't for the West this parasite state wouldn't even exist but of course we can't blame the parasites for trying to dominate us. The goyim should blame themselves for wanting to suck the Jew dick forever. That's it, Jews won, we lost.
TheEbonicslover 2 years ago
tavakoli -- everything about the derivatives was legal -- thats why we had ratings agencies do the ratings. why else would we pay them those hefty premiums, you dodo.
another useless person who relies on whining to make a living and sell books.
trinomialtree 2 years ago
Peter Schiff says that those banks just should have went under, and it would have been much better for the the US, instead of pumping trillions of dollars into them, so they could keep it, and then not help our economy. that i do understand. you cannot fix this by throwing money at it.
peaceandquietx1000 2 years ago
i am not sophisitcated enough apparently to understand financial speak. i just know that it is BS
peaceandquietx1000 2 years ago
that money probably went to build those nuclear weapons.
peaceandquietx1000 2 years ago
great job going after Geitner i could watch that all day.
Max is great. good move, by RT
VoIPpoetry 2 years ago
What is this obsession with anti-semitism, really? Most jews are not even descended from the levant, as proven by dna. They are most closely related to turks, kurds and armenians. Why don't the zionists go live in turkey? Even then they are not wholly anatolian/caucasian, the sephardics have great north african admixture and the ashkenazis have great european admixture. It is ridiculous, they think are "chosen ones" when they are not even israelites. Judaism was once a proselytizing faith too.
reiser999 2 years ago
By the way I am not defending the totalitarian nature of islam by any means.
reiser999 2 years ago
@reiser999 most of them have no value, honor or dignity. They kill their own family to survive. You think they care where they wandered, whom they mixed with?
TheEbonicslover 2 years ago
Its those radical religious people who support Israel because they want to bring on armageddon. I mean I want it too, but I will not support Israel Terrorists and those guys in Washington should be jailed for giving them our money. England should support them, they stole the land for them
rocksiphone 2 years ago
Instead of a Jail Cell for the bankers lets have Clint East Hang ' Em High at 12:00 Noon in Times Square.
ComradePatriot 2 years ago
why do we laugh about this corruption? get pissed!
noneed4dynamite 2 years ago