Everything (g)Old is New Again: What QE4 Means For You

10/20/201958 Comments

After years of denials by the Fed and its minions in the controlled corporate media, the Federal Reserve had to admit this week that it's beginning its fourth round of so-called "quantitative easing" (QE4) since the Lehman collapse and ensuing financial crisis over a decade ago.

. . . Well, sort of. They certainly aren't calling it "quantitative easing." Instead, as you might expect, they're couching this new round of phony-baloney paper promise printing in the language of financial gobbledygook that's guaranteed to get the public dozing off to sleep before they finishing the first paragraph. Observe the New York Fed's press release on the subject:

"In light of recent and expected increases in the Federal Reserve’s non-reserve liabilities, the Federal Open Market Committee (FOMC) directed the Desk, effective October 15, 2019, to purchase Treasury bills at least into the second quarter of next year to maintain over time ample reserve balances at or above the level that prevailed in early September 2019. The Committee also directed the Desk to conduct term and overnight repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy zzzzzzzzzzzzz."

See what I mean?

So what does this policy mean in plain English? Why is it being done now? And how will it impact you? Glad you asked!

Learn all about QE4 and what it means for you in this week's edition of The Corbett Report Subscriber. Also, don't miss this month's subscriber exclusive video in which James Evan Pilato answers the timeless question: "What's in your bag?"

For free access to this editorial, please CLICK HERE.

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  1. cooly says:

    Re: Legitimate Government?

    What a great reveal at the end. I’ve seen a lot of Larken’s videos and that one is easily the most amusing that comes to mind.

  2. Ukdavec says:

    What is happening in Syria, following yet another Russia-brokered deal, is a massive geopolitical game-changer.

    Great analysis from Mr Escobar.


  3. Ukdavec says:

    “Do as the banksters do, not as they say. They are saying that Libra will save us, but they are stocking up on gold. That’s got to be a clue.”

    Probably one of your most important decisions of the next year IMHO


    • Ukdavec says:

      What is Money?

      Banker-generated currencies like the dollar and euro are not based on expended labor; they are based on credit.


    • Ukdavec says:

      The world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King.


    • HomeRemedySupply says:


      Ukdavec says: “…they are stocking up on gold. That’s got to be a clue.
      Probably one of your most important decisions of the next year IMHO.”

      I hear ya Dave.
      It is only a matter of time, not “if”.
      Just like James Corbett points out in his last paragraph:
      …But what do I know? I’m just one of those lone voices out there that would undoubtedly be laughed at were I to be invited on one of the MSM’s talking head shows. And we all know that the establishment talking heads always have the last laugh (LINK). Right?”

      THE GOLD SURVEY – “An Inside Look into How the Gold Market Works”
      Rhona O’Connell is Head of Metals, GFMS at Thomson Reuters and the brains behind their annual Gold Market Survey (Decades of following the Yellow Brick Road).
      O’Connell gives some insight as to who is buying gold, when, where, how much, and in what ways it funnels.

      Around the 29 minute mark, she talks about CHINA.
      (Filmed May 2017)

    • Ukdavec says:

      The GFMS interview is interesting but a tad out of date.

      However, the phrase used by James is proving quite prophetic

      “Do as the banksters do, not as they say.”

      The following is huge IMHO –

      “For the first time in 21 years, Germany has openly bought gold into its reserve holdings.”

      Comes “after Germany’s stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank ”


      The clock is ticking folks.

      • HomeRemedySupply says:

        I also read that Germany Zero Hedge article this morning. I thought of you, because I know that you stay tuned to these kind of financial things. You are so right. That is huge!

        An aside…I like to gamble.
        Since I am poor without much money, I get an adrenaline rush if I make a few bucks.
        The craps table can really get the juices flowing on a hot roll, but exhilaration and cash can vanish just as fast. There really is no predictability.

        Wall Street Exchanges can be a little more predictable than craps.
        Anyways, I have been trading in the marketplace these past 6 months with just a little bit of money, and have done okay – especially with all the volatility this past summer.

        David Morgan called the dip in gold prices after the early September highs. In recent weeks, gold/silver seem to be trading sideways. I took a little profit from a 3x Gold ETF early today, before the price landscape went further south. I have some other speculations working for “trades”.
        I’m holding a silver miner (First Majestic) and a Royalty and Streaming company for the long haul.
        I currently have physical silver.
        Some gold coins which I had “had forever”, got stolen by my ex-wife’s drug-addicted grandson some years back.

        What is your take on when this Central Banker/Wall Street charade will start to unravel?

        I am guessing that we might see “hot glowing embers ready to flame” at U.S. election time, just prior or just following, depending upon who pulls the cord.

        Regardless, like you point out, the only stable currency is what the central banks are buying.
        In the UK, do you have to pay a (VAT) value added tax for physical precious metals?

        • Ukdavec says:

          I claim no special expertise in this area – just 16 years experience. In the UK gold coins do not have VAT – Silver coins do have Vat.

          I left the UK 10 years ago but still have friends back there.

          I thought that Banking system would unravel in 2010, so that should colour any reliance on my opinion, but I am convinced it is unraveling NOW before our eyes – too many rats ( Yellen, Draghi, Carney, etc) are scuttling for the exits which should be a real warning to everyone.

  4. tardif says:

    I still don’t understand the economics nor the gobbledygook and I am very glad that you do. I know I’m not stupid…………..but after rereading your article several times……………maybe I am stupid……………. Anyway, thanks for trying. But please keep teaching…..you have taught me a lot!

    • HomeRemedySupply says:

      I know. I know. I strain with this ‘economic language’ also.
      All these economic terms are very confusing, but don’t feel bad because most academic economists, Central Bankers and Wall Street pundits don’t understand them either. It is deliberate confusion to keep us folks in the dark.

      The bottom line.
      In the past, the Central Banks of different nations have been manipulating their currency and economy. But that has caused a whole new set of problems, and now the Central Banks are running out of methods to handle things.
      Nations across the globe are noticing a slowdown in their economies, along with some alarming potential problems, such as an ‘official’ recession and worse.

      Corbett QUOTE
      The global monetary and financial system as we know it is going to end; and,
      The banksters are preparing for that end by stocking up on gold and preparing the future centrally-administered digital currency matrix.

      So, there is a hint that some personally owned gold and/or silver might be a nice alternative back-up when things go south.

  5. David Haag says:

    Jesus wept.

  6. HomeRemedySupply says:

    Oct 20, 2019 Around 10 pm north Texas time.

    I gotta chuckle.
    Tonight, a tornado passed just to the south of me as the sirens and phone alerts were going off. But I had a hard time finding live TV coverage about the tornado/storms, because the Dallas Cowboy football game was going on. Even the small YouTube Channel “Texas News Studio” said the same thing…that some of the TV stations did not interrupt the football game while the tornado ripped through parts of Dallas.
    I guess it is a matter of priorities.

    • generalbottlewasher says:

      Homey; when you see things that form a pattern you need to duck. Dallas TV station issues apology. That was one of the story lines I came across today. The stations now get scripts for the weather as the weather is manipulated over large areas and days in advance. That is the hype by several sources . The thing I have picked up on from Clifford Carnicom of late is when you see a pattern of bizarre events , such as a retraction or say apology from a MSM outlet, which as you probably know is rare, something more is going on. I hope it was their humanity, it forced them to let down their guard for a moment and that their faith in the greater deception weakened , if only for a moment. The weather charades have caused some distress in the meteorologists as the NIST report did in the A&E community.( Architects and Engineers)
      A test could have been run without any change in the script, oops forgot to notify the communications liaison and the programming sticks to the script. Oops. Now what? Apologize? That has never happened. Why? The inability to deviate from the script. Just a thought. We are being programmed in new and exciting ways

  7. HomeRemedySupply says:

    CHEMTRAILS & Greenville, TX & my personal anecdote(s)…

    October 20, 2019 – Peter A Kirby put out this article
    L3 Technologies and the Early New Manhattan Project Chemtrail Fleets
    Evidence suggests that L3 ISR Systems of Majors Field, Greenville, Texas has been retrofitting commercial aircraft for participation in the ongoing chemtrail spray operations so often observed in today’s skies. L3 ISR Systems is a division of defense contractor L3 Technologies….

    I have some personal anecdotes surrounding the above statement which I had mentioned in 2016 at Corbett Report.
    The above link contains a link to another comment when James Corbett interviews Peter Kirby

    A quote from one of my comments:
    L-3 Communications, a military subcontractor, has a bevy of planes in Greenville, TX (just east of Dallas). In 2008, I was chatting with a lady whose husband worked for L-3. He would sit in the cargo area of a plane monitoring instruments. I casually mention the spraying of aerosols which are often seen. Her face got suddenly dark, clearly suppressing internal personal worries.
    I also had a Professor who worked at L-3.

    In the other comment, I talk about my aluminum tests from chemtrail activity.
    An interesting tidbit from that year around 2007-2008. It seems that everyone who was spraying took some time off during the Christmas holidays, because the skies suddenly became clear with no chemtrail activity.

    • generalbottlewasher says:

      Homey; thank you for the reminders of Peter A. Kirby. He was ahead of the game. I had a left some newer post on this subject with Candlelight a while back. You post sparked some memories.


    • HomeRemedySupply says:

      Thanks generalbottlewasher. I know you certainly have a lot of chemtrail activity in your northeastern Oklahoma area.

      Peter Kirby states: ” Rainwater sample test results from all around the world confirm that aluminum has been found to be the number one chemtrail ingredient. Aluminum exposure is known to cause Alzheimer’s.”

      Also, we know that aluminum is now in vaccines, because it messes with the immune system. (Robert F Kennedy gives a good video talk on this aluminum/vaccine effect which can be found at the top of the VAXXED webpage dogsagainstfluoridation.com/vaxxed-movie )

      Lots of information about aluminum and also how to rid it from the body.
      Halfway down this webpage

  8. pearl says:

    I enjoyed the subscriber video. That Beatles song was completely new to me! It is certainly an odd and unique one. Wish I could say I loved it, but of those two offbeat tunes, I do prefer the short and sweet Honey Pie.

    Speaking of The Beatles, I’m hoping someone here can solve a years-long search of my mother’s for one of their songs. She’s asked a few of her more knowledgeable friends and acquaintances (one of whom is a Beatlephile), but no one has the answer (someone else told her it had to be “Hey Bulldog”, but it’s not). If it is a lesser known Beatles’ song, surely James would know. I’ve never heard it, but she said that the end of the recording is immediately followed by “Jane, Jane, Jane, she drives the dogs insane!” which is followed by excited dogs barking (it’s possible that over the years that part has been edited out since it was kind of annoying). She’s itching to know. Help! I need somebody!

  9. Ukdavec says:

    The ownership of central banks – good information here


  10. Ukdavec says:

    Digital technologies — especially connectivity, big data, and artificial intelligence, among others — are transforming every facet of the economy. Governments are beginning to play a key role in the digitization of their countries’ economies, which is impacting industry and citizens — digitizing government ministries, government services, and every interaction with society. While governments will have a more direct role in driving the transformation of government services, governments investing in building a digital infrastructure will be a key enabler for digitization of the economy as well as society.

    Interesting research from Citi – a great glimpse into the technocratic gameplan


    • Ukdavec says:

      The saving grace I can offer from this vision is that my (quite extensive) experience of government rollout of IT related technologies and infrastructure has been one of continuous unmitigated clusterf#ck.

  11. wylie1 says:

    How do we know we haven’t bought the hook, line, and sinker? THEY report that THEY (the central banks) are buying gold. Are THEY really and how can one know for sure? And even if they are, will they use the alt media driven demand to sell at a profit. A big pump and dump?

    Cycle Analyst Martin Armstrong sees another retest of support before Gold starts rising in earnest. When will that retest of support occur? How long will that retest take before it starts moving up again? How high could it go? One would need to subscribe to his service.

    Even if THEY are buying gold like it is going out of style, the house traders at the banks will pump and dump when they can, regardless.

    To get a better handle on reality one would need some real data, such as the Money supply increase minus the total defaults.

    • wylie1 says:

      One would expect that the Fed would hand over more money than the banks need to cover their bad loans and bad trades in order to make more bad loans and trades with; thereby a good reason to have some gold and/or silver on hand.

      If there were any justice in the world, the bill for all the QEs would end up in the lap of the banksters, not the taxpayers. But not unless ya’ll are willing to get your pitchforks out, and use them.

    • HomeRemedySupply says:

      Wylie1 says: “…Fed would hand over more money than the banks need to cover their bad loans and bad trades in order to make more bad loans and trades with….”

      So true.
      It is interesting how everything comes full circle, how things tie together.

      A month ago, The Corbett Report had this VERY IMPORTANT newsletter where he talks about the Rating Agencies…
      The Ratings Game: How the Banking Mafia Operates

      Corporate Debt is at astounding highs!
      And, for the most part, there is no way in hell they will ever be able to crawl out of that debt load.
      The only way they still hang around is to borrow more, while the Rating Agencies keep mum.

      October 21, 2019 – Zero Hedge & The Wall Street Journal
      Are The Rating Agencies Complicit In Another Massive Scandal: A WSJ Investigation Leads To Shocking Questions
      the scope of this potential problem is massive
      …according to a must-read expose by the Wall Street Journal….

      ~~~ ~~~ ~~~
      My think…When the dominoes start to fall, this is going to be one hell of a ride, because the domino line goes on and on and on.

      • HomeRemedySupply says:

        PENSION FUNDS and Bad Loans – The massive amount of corporate debt

        The short story – (my rendition)
        Evidently, Pension Funds have a legal mandate which requires these funds to generate 7.5% returns.
        Can you get 7.5% yearly yield on your money?…without risk?

        Here is what many pension funds are doing to get 7.5%:
        They are loaning out money at high interest rates.
        They might buy “high yield bonds” or provide “private credit” to some companies.

        Brian Reynolds says it well: “…‘high yield bonds’ is a polite name for ‘junk bonds’. It’s the same thing with just a nicer phrase to use it. That’s why ‘private credit’ sounds much nicer than ‘junk bonds’, or ‘highly leveraged loans’….”

        VIDEO (March 2019)
        Brian Reynolds discusses how unfunded pension liabilities are the real engine for the US credit boom and how this financial engineering has produced one of the greatest bull markets in history.

  12. HomeRemedySupply says:

    Silk Road, FBI, Rogue Corrupt Government Agents, District Attorney’s Office, Cryptocurrency, Coinbase, Internet Value Transfers, Decentralized Applications, SWIFT, emailing money, Silicon Valley, Stanford, Anarchism, Libertarianism,

    As a prep…
    Be sure to check out some of Corbett’s work regarding “The Silk Road”, including his interview with Lyn Ulbricht, mother of Ross Ulbricht.

    Kathryn Haun spent a decade as a federal prosecutor with the U.S. Department of Justice, where she focused on fraud, cyber, and corporate crime alongside agencies including the SEC, FBI, and Treasury and created the government’s first cryptocurrency task force. While at the Justice Department, she prosecuted RICO murders, organized crime, public corruption, gangs, and money laundering…. (Her LinkedIn)

    In this fascinating interview, she describes some of the anecdotes surrounding the prosecution of The Silk Road case.
    She talks about a couple corrupt government agents who scammed millions in bitcoin and more.

    Around the 31 minute mark, Katie starts to talk about where the crypto world and internet are headed, such as Internet Money & Decentralization.
    Dismantling the Silk Road Drug Ring (w/ Kyle Bass and Kathryn Haun)

    • Ukdavec says:

      Good pick and some CRITICAL information here for crypto fans..

      ” But it turns out, it’s not anonymous, which I’ll get into. It’s pseudo anonymous, and there’s an important distinction there. Because Bitcoin is far from anonymous, if anything, it’s like digital breadcrumbs. Speaking as a former investigator and prosecutor, we actually loved cases that involve Bitcoin, way more than cash. And sometimes even more than wires because turns out Bitcoin is highly traceable”

      “It was Mt. Gox suffered a series of hacks to the tune of almost $400 million. It also suffered a US government seizure, and eventually went belly up. And so, we traced the 21,000 bitcoins to Mt. Gox, but unfortunately, there were no corporate records left because Mt. Gox had gone belly up. So, what do we do then? And this is where the blockchain comes in, we’re able to still trace because the blockchain is immutable and permanent. And it’s tamper proof. So, we still were able to go to that and trace those funds. And we traced it eventually, through the hard work of some agents who I was working with at the time, some of the agents who are investigating some of these early cryptocurrency cases, we traced it right back to this one of the Silk Road task forces.”

      “This time, a secret service agent who was joint duty to the NSA, and he was the US government’s literally expert in TOR and anonymizing technologies. He had also been part of that task force. And he had also been in that session with Curtis Green, where Curtis Green showed him how to log in. And that agent, that night, went back to his hotel room after the Curtis Green debrief and pretended to be Curtis Green and drawing the 21,000 bitcoins and put it into his own Mt. Gox account. ”

      Draw your own conclusions.

    • HomeRemedySupply says:

      NEWS – via Activist Post
      October 23, 2019 – Article by Jamie Redman
      The Silk Road Investigation: A “Pattern of Bad Behavior and Double Agents”

      …The Foundation of Evidence from the Silk Road Case Stemmed from Double Agents…

      …Haun explained that the government had task forces comprised of many alphabet soup agencies:
      “We’re talking the FBI, CIA, Secret Service, DEA, ATF, and the U.S. Marshals,” she underlined.
      “One task force, the one out of Washington D.C., they had an undercover agent. That undercover agent was able to befriend the person running the Silk Road. All the government knew at the time was that the person running the Silk Road went by the nickname ‘DPR’ for ‘Dread Pirate Roberts’ from the movie ‘The Princess Bride.’ So they didn’t know who DPR was, but the undercover agent actually set up an attempt to buy the Silk Road.”

      “We saw that this agent who we got the tip for was liquidating hundreds of thousands of dollars, if not millions a month, in cryptocurrency. So I thought it’s probably another undercover operation and there’s probably a legitimate explanation,” Haun explained…

      …Haun concluded that the rogue agent was caught telling exchanges to destroy transaction histories. Because undercover agents who are running undercover operations shouldn’t be asking for evidence to be destroyed, it raised a red flag Haun said…

      …Essentially, the interview with Haun shows that Curtis Green, Shaun Bridges, and Carl Mark Force were acting as double agents during the entire investigation. The discussion with Haun further highlights how the Silk Road case was quite messy and many constitutional laws were broken by rogue agents in order to disrupt the site. Still, the U.S. government, with no thought toward constitutional law and a complete disregard for true justice, based all their Silk Road evidence on the shameful ethics of Curtis Green and two rogue cops — Carl Mark Force and Shaun Bridges….

  13. xzbd says:

    It is interesting that a system based on trust is so opaque that it operates nothing at all like those using it believe. Of course part of that is by design and part I believe is due to the fact that the central bankers don’t have nearly as much control over the system as they like us to believe. The wizard of Oz comes to mind. Along with the great insights provided by James on this site I’ve found these articles helpful in understanding the big picture though I claim no expertise so would love to hear what others think:

    How capitalism died

    Inversion of classical economics

    Unearned income

    euro bond

    A brief History of Money

    We Know how this ends

    Understanding Euro dollars

    And finally as Gordon Long likes to say at the end of his talks “the only thing for certain is governments will print more money until it is no longer accepted.” Which I like to phrase as make more promises (as not all are financial) until no one believes them anymore.
    Then of course they will change the rules and this is when they are most vulnerable, when the people are out in the streets protesting, and where the narrative matters most. Thanks James for helping to educate us to that narrative. It is hard to imagine at this point what a “free” economic system would look like as I don’t think digital currencies will fill the void until we also have decentralized energy production and communication that relies on open sourced software.

  14. scpat says:

    Just watched part of a new Joe Rogan interview with Edward Snowden. https://www.youtube.com/watch?v=efs3QRr8LWw There is something that makes me uncomfortable about listening to this guy. Somethings feels forced and unnatural. And I’m skeptical having previously learned about the players involved in the “release” of his supposedly massive tranche of documents.

    All the shows I’ve seen him make appearances on, it seems like he is there to put out some agenda. Even the JRE, the few interviews that I have watched, the guests have a back and forth conversation where the topics just flow and ideas don’t seem to be pushed as much. In this interview, without hardly being asked, he just goes into some monologue.

    I thought I’d share a few thoughts on this interview. See below. My takeaways are that Snowden goes onto a popular show such as JRE and is able to further seed certain narratives on important issues such as 9/11 and resulting surveillance issues.

    – Snowden talks about conspiracy theories. Conspiracies in government don’t happen according to him because somebody would have talked. https://youtu.be/efs3QRr8LWw?t=1895

    – Snowden says everybody knows the 9/11 attacks could have been stopped had information been shared. He says that it was because intelligence agencies were essentially selfish and wanted to bust the plot themselves and take the credit over another agency. https://youtu.be/efs3QRr8LWw?t=2220 FBI agent Robert Wright might disagree with Snowden, because he was trying to share information on terrorists and was stopped. Likewise other FBI and CIA agents that had information on the alleged hijackers but were stopped from sharing it even after repeatedly trying to do so.

    – Snowden pushes the “we (intelligence agencies) screwed up” narrative regarding the 9/11 attacks being a success for the alleged hijackers. https://youtu.be/efs3QRr8LWw?t=2349

    • HomeRemedySupply says:

      I think you nailed it.

      • scpat says:

        If my hunch is true, what does that say about the JRE, and similar podcasts? That they eventually become tools for the PTSB? I think maybe.

        • manbearpig says:

          Hey scpat,
          It’s mindblowing to me that anyone of credentials can believe and support either snowden or assange. (but maybe ’cause I don’t have any!)
          Webster Tarpley’s not Always tactful, but direct. Last link with Tarpley I haven’t listened to so can’t vouch for but by the title is about Snowden where other two about assange. I’ll take a listen tomorrow and see if I regret posting it, gotta get some beauty sleep now:

          • scpat says:

            Very interesting conversation. Thanks for sharing that. You know, I feel like I’ve been fooled pretty good on the Snowden and Assange show. I bought it hook, line, and sinker at first, but it seems so obvious now that it’s all a psy op.

    • manbearpig says:

      snowden snow job for sure.

  15. Robert Smith says:

    That video about what was in James Evan Pilato’s bag was simply just amazing! Hey James Corbett, what kind of toys do you get your kids? Do you get your kids Beyblades (which are awesome Japanese modular battling spintops that are in its current 3rd generation with Burst which is what it says exactly in the tin), Microman (futuristic looking action figures), Blythe (adorable barbie-like dolls with huge heads, Beastsaga (anthropomorphic animal figures where you can insert cubic dice with symbols in the figure’s torso), etc. I only mentioned some of the TakaraTomy (a famous Japanese toy company that used to be 2 different companies until 2006) stuff that’s not Transforms, Zoids, or even Pokemon (which is Nintendo BTW). There are also other well known Japanese toy companies as well like Bandai (Gundam, Godzilla, Power Rangers /Super Sentai, Kamen Rider, Ultraman, etc). Now, back to the Beyblades, did you know that entire families are big into that hobby, as not just enjoyed kids, but also their parents & even grand parents in Japan, I think its an awesome all ages hobby, as it can aslo be enjoyed by teenagers & adults as well. I got in it when I was 14. Its basically a modern day revival of an ancient Japanese battling spintop game called Beigoma, which originally used seashells in ancient Japan.
    As I’ve been an uncle myself since I was 12 years old way back in early 2002, which is almost 18 years ago. As an uncle I do play my Beyblade tops (I have lots BTW, even though I’m almost 30, but its always good to be multi-generational right?) with my nephews & nieces, I bet its also a good idea to read some Aesop’s Fables to them as well, although some of them are now teenagers.

  16. HomeRemedySupply says:

    New York Federal Reserve – 2019 prediction of an “Official” Recession

    Mike Maloney (on YouTube) recently interviewed European Ronnie Stoeferle who had some interesting charts.
    Here is a July chart showing the New York Fed’s probability of recession in 12 months.

    CHART from THE FED
    Here is an October 3, 2019 updated, one page pdf from the New York Fed showing a probability of a recession.

    Danielle DiMartino Booth (who once worked with the Dallas Federal Reserve) gave a talk at a conference in early October 2019.
    Around the 22 minute mark, Booth talks about the New York Fed’s probability of a recession and she shows some graphs.

    CORPORATE DEBT (see the graphs in the video)
    QUEUED VIDEO where Danielle starts to talk about the stock market and extreme corporate debt,
    Ratings Agencies and their lies,
    and how corporations give a false, higher stock-price illusion through the “buy backs” (purchasing their own shares).

    (Fed Chairman’s quote:) “This is not QE. In no sense is this QE,” (which is really QE) with all the Repo Madness of the Federal Reserve injecting money into the system is still going on.
    Globally, one can feel the panic of Central Banks.
    They know what is over the horizon.

  17. manbearpig says:

    Welp, I’d completely missed that “What’s in your Bag?” video.

    Was rather entertaining, despite his impressive musicological knowledge, to watch Mr. Corbett listen on, somewhat…bemused… at a loss…a rare sight.

    I have an extremely limited musical culture myself: I mean, I love the songs but I can’t tell you who sang them, nevermind who produced them. In fact, just made a spectacle of myself singing audibly with the background music at the grocery store, trying to hold back, “Love will keep us Together”. I just Could Not Resist. It had been too long since I’d heard that song. I know all the lyrics but not who sang it. For example, I only found out fairly recently that Stairway to Heaven was Led Zep…

    Records are definately more aesthetic to me than CDs for sure, gingerly placing the needle on the groove, the little crackle and soft hiss before the song starts… But it would never occur to me to collect them.

    Like many, if not most, I survived adolescence listening to Billy Joel songs among numerous others including the BGs, Simon and Garfunkle, Barbara Streisand, Judy Collins, Pat Benatar, Heart, Queen, Elton John, Supertramp, Janis Joplin, Janis Ian, The Beach Boys, The Manhanttan Transfer, operettas and other uncool stuff but today I know I also loved hits by Rush, Santana, Cheap Trick, the Talking Heads, Joe Jackson, Joe Cocker, The Alan Parsons Band, Deep Purple, Kansas, Yes, Led Zeplin, the Eagles, Guns and Roses…etc etc etc…. Now I can almost put a name on some of those old hits…

    And just in case there’s one person left out there who doesn’t know it; the tune of “My Way” was directly lifted from the French song by Claude François “Comme d’Habitude”;


    the end cuts off abruptly, but for a good cause: take a listen to the Charles Aznavour song that follows automatically. Makes me cry every time even though I’m not French… and watch the excruciatingly nostalgic video of Montmartre, Sacré Coeur des bohèmes…

    And that’s what was in my bag.

  18. mik says:

    Here are some quotes of Adam Smith with ideas that are missed in proposed video:

    “What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”

    “Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many.”

    “It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”

    “The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.”

    “A landlord, a farmer, a master manufacturer, a merchant, though they did not employ a single workman, could generally live a year or two upon the stocks which they have already acquired. Many workmen could not subsist a week, few could subsist a month, and scarce any a year without employment. In the long run the workman may be as necessary to his master as his master is to him; but the necessity is not so immediate.”

    • HomeRemedySupply says:

      Thanks mik!

      I am halfway through Corbett’s “Recommended Viewing” about Adam Smith.

      I am enjoying it.
      The concepts about exchange (monetary, goods, services, ideas, gossip) and building relationships gets the brain juices flowing. Examining our own moral conduct.

      This quote gave me a grin. It rings true.
      “The offering of a shilling, which to us appears to have so plain and simple a meaning, is in reality offering an argument to persuade…”
      (14:25 minute mark)

      • mik says:

        Adam Smith is fascinating. I guess many would be surprised that he was very appreciated by Marx.

        The above quotes presents not very known side of Smith, they show he was aware there are problems that can’t be solved by free market.
        Unfortunately, I couldn’t find a quote about necessity of more or less leveled bargain power of market participants for markets to function properly.
        Well, the last quote somehow talks about this. Therefore phrase “labor market” is nonsense, beside that it also represents commodification of people that ends up with losing nuances pointed out by Smith and others.

        Sadly, Adam Smith is very cherry-picked by libertarian leaning folks.

  19. HomeRemedySupply says:

    Coming very soon (Dec?)…“China Gold” and the Paper Game.

    …the CME group, home of the COMEX gold derivatives market and the Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, simultaneously and jointly launched a series of gold futures products in what they pitched as cross-market cooperation….
    Above quote from “Wag the Dog – The new COMEX and SGE Gold Contracts” by Ronan Manly

    You can get a 2 minute video summary rundown here…

    My comment:
    Most of the article is way above my pay grade. I think brain surgery would be easier than trying to learn the futures trading lingo.
    However, at the lower half of Ronan’s article, he lays it out for folks like me.
    For example: NO PHYSICAL GOLD in the settlement of a contract – “Shanghai Gold futures contracts will be financially settled contracts” from the ‘True False Question’. “There is no gold at the COMEX.”
    It should be interesting to see how the Yuan plays a role in the trading of these instruments.

    …“COMEX gold futures contracts trade the equivalent of 27 million ounces per day. That’s equivalent to 260,000 tonnes of gold per year. That too is more gold than has been mined in history, and is a whopping 86 times annual gold mining supply.

    In 2018, COMEX gold deliveries were just 1.6 million ounces (51 tonnes). This means that 99.98% of COMEX gold futures do not result in physical delivery, with only 0.02% of the trades leading to metal delivery. Currently, COMEX registered gold stocks (those which are available for delivery) are only 735,000 ozs (22.85 tonnes), a tiny foundation underpinning a giant paper pyramid.“…

    …But its the CME that perhaps comes closest to the crux of the issue when it says that global investors (i.e. the dominant players on COMEX) can now arbitrage between the CME Shanghai Gold futures and Comex 100 oz gold futures (GC), and in doing so ”bring the Chinese physical gold market to COMEX”….

  20. manbearpig says:

    NYTimes, October 23rd, 2019

    “Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’”

    “…Mr. Zuckerberg spoke to that point, saying if American regulators managed to stop Libra, it would help countries like China develop their own cryptocurrency projects — efforts that could hurt the United States and the dominant role of the dollar.

    “While we debate these issues, the rest of the world isn’t waiting,” Mr. Zuckerberg said. “If America doesn’t innovate, our financial leadership isn’t guaranteed.”…”

    smacks of Sam Harris’ arms-race plea for some Musky brain-computer interfaces…

    My irrational feeling is that these hearings are kubuki theater designed to expunge people’s fury over Facebook’s past atrocities, almost bringing mass opinion over to Facebook’s defence in the face of such ostensibly brutal questioning…ahem.

    I think they want Made in America libra or Pax-style cryptocurrencies, even if (especially if?) they’re based in Switzerland, invading the world for a variety of more or less sinister reasons… Maybe they’re just creating a demand for such a cryptocurrency that will be frustrated and so doubly demanded and then satisfied by something like the Pax stable coin?

    More Bâle*-based BIS-worship (or BIS-based Baal-worship?) babble in their tower of Babel.


    Time will tell… maybe postponed to coincide with next American presidential selections?

    * Bâle is Basel in French and a homonym for Baal.

    (…it’s that Midsommar Halloween season again…)

  21. HomeRemedySupply says:

    November 15, 2019 UPDATE on “not QE” (which really is QE) with the Federal Reserve dumping more billions into a non-desperate (meaning a “desperate”) economy

    This has been amazing to see.
    Stocks just keep going up. And up. And up.
    Indexes like the Dow and S&P 500 are breaking records daily.
    There is no logical reason of “increasing corporate profits” for the stocks to continuously rise…no, it is the sham of the Banks.

    Jason Burack of “Wall Street For Main Street” gives a decent overview in everyday language of what is happening and how it all relates.
    Podcast YouTube
    Trump & Pump Accomplished: DOW Hits Record 28K, S&P 500 Also At All Time High Over 3k
    Links in the shownote gurufocus.com/yield_curve.php

    • HomeRemedySupply says:

      Lance Roberts of Real Investment Advisors

      This investment advisor is out of Houston, TX and I sometimes listen to his YouTube Videos.
      While I don’t swim in the same type of markets/lifestyles his firm promotes, he often has some good financial information that is not the mainstream.

      Zero Hedge had this November 17, 2019 article revolving around Lance Robert’s take on the melt-up of the stock market these recent weeks.
      Too Fast, Too Furious – Hedging For A Short-Term Correction

      The “QE, Not QE” Rally Is On…

      …With the Fed cutting rates, Trump touting “trade deals,” and now “tax cuts for the middle class,” not to mention the Federal Reserve increasing their balance sheet, it should not surprising markets have rallied over the last 5-weeks as shown below. (GRAPH)

      Think about it this way, in just 5-weeks the market has almost advanced as much as the long-term historical average annual return.

      This should suggest two things.
      ~~ The market has already priced in a bulk of the benefit from the additional liquidity; and,
      ~~ The market has advanced too quickly.

      Too Fast, Too Furious

      On Tuesday, I posted a series of charts which showed the rather rapid reversion from more extreme bearishness mid-summer to more extreme bullishness now.

      …What is quite amazing is that this reversal from “bearish” to “bullish” occurred precisely as the Fed began pumping liquidity into the markets. The last time investor sentiment was this bullish was at the beginning of 2018, which eventually led to a near 20% correction…

      …These are all “contrarian” indicators, which suggest that if everyone is “all in,” there is currently no one left to “buy.” Such conditions typically are associated with short-term market corrections…

      …Does that mean we are bearish and betting on the market to crash.
      Not at all.

      Why We Hedge….

    • HomeRemedySupply says:

      Many, many corporations have been doing “Buy Backs”; sometimes even with borrowed money…

      Share Buy Backs & Earnings Per Share
      Investors often look at the “Earnings” of a company.
      “Earnings typically refer to after-tax net income, sometimes known as the bottom line or a company’s profits. Earnings are the main determinant of a company’s share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run.” –Investopedia

      “Earning per Share” (Earnings/Share ratio) is what investors often see.
      When a company buys its own shares, it reduces the quantity of shares.
      Thus, even though the gross amount of profits is the same year after year, an illusion (deception) is created which creates the impression that profits (earnings) are higher.

      Sven Henrich gives us some sane insight as to what is really going on with Central Banks and corporations and the stock market.

      How 2019’s Market Top Parallels to the Time Right Before the 2008 Financial Crisis (w/ Sven Henrich) (Filmed Oct 9, 2019)
      QUEUED VIDEO at near the QUOTE of…
      “…Apple, Inc. has the same amount of EARNINGS that it had in 2015. Four years later (2019). Absolutely no change in earnings. Same amount of earnings. But people are paying almost twice the price for the same stock….”

      • HomeRemedySupply says:

        (See Sven in video above)
        Sven Henrich’s article and charts – Nov 20, 2019
        Found at ZERO Hedge
        This Rally Is “Fraught With Problems”

        …Now it may well be said that none of this matters if this rally is primarily inspired by the Fed’s liquidity injections. After all we can see that markets have rallied harder on days of larger repo operation and rallied less on days with smaller repos: (CHART)…

        …Perhaps it’s all coincidental, but the chart (CHART of S&P500 next to GLOBAL LIQUIDITY PROXY) appears to show quite a bit of correlation.
        Liquidity is liquidity and of course the Fed, like other central banks across the globe, is busy adding liquidity and markets appear to flow along with the amount of liquidity coming into the system:

        Where would markets trade without all that liquidity thrown in?
        We may never know, but the signal charts suggest this rally is not as strong as it appears, in fact it is full of problems, weak underneath, very weak and that makes its sustainability highly questionable especially considering it appears driven by liquidity only, not based on any fundamental growth basis.

        Record $VIX short positioning, record highs on price to sales, 147% market cap to GDP, key stocks vastly overbought and technically stretched.

        What could possibly go wrong?

        My NOTE on some words for those who don’t know…
        ~~ If the S&P500 (Standard and Poor’s listing of 500 stocks) goes down rapidly, the $VIX shoots up.
        ~~ Corbett’s article talks about “overnight repurchase agreement operations (repos)”.
        This is the QE (Quantitative Easing) which the Federal Reserve is doing nightly. The Fed is injecting money into the system. Billions and billions of dollars. These billions provide “liquidity” as seen in Sven’s article.
        “Liquidity” means “cash that banks can play with”.
        Thus stocks are going up ONLY because more cash is buying them, not because they are a good value.

  22. Yay, I found another subscriber exclusive video! 😀
    Good stuff! Thank you!

  23. HomeRemedySupply says:

    In different regions, real estate bubbles have been occurring.
    This article caught my eye…

    Silverstein Properties Inc. “… has completed $500 million in financing year-to-date.

    Zombified NYC Developers Resort To Inventory Loans To Stay Afloat Amid Housing Slump

    New York City’s housing market has been swamped with a historic mismatch involving a flood of luxury inventory and a shortage of buyers.

    Manhattan is facing one of the worst slumps since 2011, forcing developers to take out low-interest inventory loans, collateralized by unsold condos to stay afloat.

    These loans are lifelines for struggling developers and a boom for companies such as Silverstein Properties Inc., who is expected to double its inventory loan book to more than $1 billion in 2020, reported Bloomberg….

  24. HomeRemedySupply says:

    December 2019 – Zero Hedge

    Zero Hedge has been running a series of articles about the Repo Market (“not QE”) and citing some predictions from Zoltan Pozsar.

    December 15th
    It’s D-Day For The Repo Market: On Monday $100 Billion In Liquidity Will Be Drained – What Happens Next?

    Last week’s apocalyptic report by repo market guru Zoltan Pozsar, which for those who missed it predicted that an imminent market crash and loss of control of overnight rates by the Fed would spark nothing short of QE4, sparked an unprecedented panic at the Federal Reserve, which just two days later unveiled a historic liquidity injection, in which the Fed promised to inject no less than $500 billion in the next 4 weeks to avert a catastrophic freeze in the repo market as we approach the year end “turn”, which would consist not only of a continuation of the Fed’s T-Bill POMO, but also a massive injection of nearly $500 billion in overnight and term repos in the coming days…

    …The question then is whether this will be sufficient to refute the repo Doomsday predicted by Pozsar, one which was supposed to launch QE4, or will the Fed’s gargantuan liquidity injection still not be enough and lead to a collapse in the repo market.

    Well, since the next key catalyst in the potential repo market turmoil is imminent, we may know as soon as tomorrow, when there is another large December corporate tax payment date (with as much as $78BN being remitted to the TSY) and another $54 billion in US Treasury settlements…

    …So should traders panic? Well, if the Fed’s gargantuan liquidity injection is anything to go by, the answer is no, and as BofA’s Mark Cabana writes, “despite the similarities we do not anticipate a material spike in funding due to the Fed’s ongoing reserve management operations.”….

  25. HomeRemedySupply says:

    UPDATE – End of December

    Zero Hedge
    Authored by Lance Roberts via RealInvestmentAdvice.com of Houston, TX

    Market “Melt-Up” Continues
    (see graphs in article)

    …While the Federal Reserve accurately states this is NOT ‘Quantitative Easing,’ apparently market participants didn’t get the memo. The market has risen in every single week the Fed has been active, despite collapsing fundamentals. (h/t ZeroHedge)”…

    …The reality is that the Fed’s $500 billion flush of liquidity into year-end to meet short-term funding needs has been interpreted by the markets as “QE.” This interpretation, and subsequent F.O.M.O. (Fear of Missing Out), led to a rush by managers to benchmark performance and push equity (stocks) allocations, and subsequently investor optimism, toward record highs.”…

    …“The most important message from the financial markets in 2019 was, ‘Don’t Fight The Fed.’ …

    The following four charts were tweeted out by my partner Jack Scott (@jackpscott) which will literally define the next decade.

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