Bill Consolidation Loan Mortgage Second
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The policeman was yelling through the megaphone, "What are you so mad about, Mogambo? Come out of the famed Mogambo Bunker (MB), nice and quiet, with your hands up, and let's talk about it!"
So I fire off another burst of machinegun fire over their heads to recapture their attention, and shout through the gun port, "Don't pretend you don't know about how the Federal Reserve reversed course from their previous outsized $11 billion injection of credit into the banking system, you stinking lying cop! So dont insult me by acting like you were completely unaware that Total Fed Credit fell by $6 billion last week!"
As I am jamming home a fresh clip of ammo, I shout "And what about Japan finally raising interest rates from zero to 0.25%? Rates have been zero for six years, you idiot Gestapo pig!" I squeeze of another long burst.
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Kitco - Contributed Commentaries - Richard Daughty
- It was truly cacophonous inside the Mogambo Fortified Bunker Of Pure Fear And Panic (MFBOPFAP), as alarm bells and buzzers and klaxons and horns were all making a hell of a din, adding to the piercing sound of my own screaming. Why? It was last week's $11.5 billion increase in Total Fed Credit by the Federal Reserve last week.
It was only a couple of months ago that Ben Bernanke, chairman of the Federal Reserve, confided to CNBC's Maria Bartiromo that "it's worrisome that people would look at me as dovish and not necessarily an aggressive inflation-fighter." Hahaha! Now we know why people look at him as dovish on inflation! $11.5 billion of brand-new credit in one week! Pure, excessive monetary inflation, which always precedes, and causes, price inflation! And the unholy Fed is absolutely going bananas with accommodating the repo market.
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