Abarvets

Thank you Yota! The only problem is, that I do not know of any government stimulus? They have called for additional QE, but to date I am unaware of any official approved stimulus. Not to say that there could not be something behind closed doors. Thank you again for bringing the defination of zirp, very insightful. Have a great day!

Thanks everyone, we were debating it at work and can't come up with anything government hidden. Would love some insight from anybody with more knowledge or perspective!

Came across this today and wasn't sure which Forum to put it into. Please read the last line. Love your thoughts. Primary Dealers Quietly Brace For Impact: Total Dealer Treasury Holdings At Record High zerohedge.com FEBRUARY 17, 2012 While the rest of the world is conveniently distracted by events in Europe, where conventional wisdom dictates that even an all out default of Greece would be manageable, whatever that means, the smart money in the room - the world's now 21 Primary Dealers (ex MF Global, whose CEO is "almost", but not quite, about to be prosecuted for the theft of billions in client funds) has been quietly bracing for impact in the only way they know - buying up Treasurys. In fact, according to the US Trasury's weekly update, in the most recent week ended February 8, 2012, Primary Dealer Treasury holdings of Dealers surged to an all time high of $102 billion, a whopping increase of $37 billion on the week, which matches only the surges seen during the post end of quarter window dressing discussed extensively before. The driver were exclusively bonds in the "Bills" and "Under 3 Year" category, which rose by $37.7 billion. As a reminder, courtesy of ZIRP through 2014, bonds with a sub-3 Years maturity are the functional, and liquidity equivalent, of Bills - or cash equivalents from a liquidity standpoint, with the added benefit that these are repoable at a moment's notice, to the Fed or anyone else. The last time we have seen such a dramatic increase in Dealer Bill and Coupon concentration was in early 2009 when the world was ending and when Dealers went from zero Bill holdings to tens of billions in Bill holdings overnight. These holdings only declined as QE1 starting to improve risk conditions, and dropped further in the aftermath of QE2. This time, there is no backstop from the Fed, at least no public one. Which means that, for all intents and purposes, Dealers are hunkering down in anticipation of something that affords maximum liquidity yet is not stocks.

The following banks will be open on Monday: Wells Fargo, Chase, HSBC, Citi (locations vary), Sun Trust (locations vary), TD (locations vary). Did come across an interesting article will be posting shortly.

I thought the conference was by invitation? That would have been one heck of an education. Do not worry I am certain there will be another conference if the last one was successful. I did not see anything in our trade papers leading one to think one way or another on its success. This is bigger then we imagined and I believe there will be one more surprise before it is all over.

[ This is ALL going to happen at once! Not like dominoes, but like an Atom Bomb....BOOM! Its Done! I am having flashbacks to duck and cover drills..............

You are not alone my friend! Love the spin machine don't you?

Thanks Trooper, You beat me to the post! Was having trouble with the translator! So what is bet on when we see $5 a gallon?

Currency dealer in Peurto Rico??? Well, that plane ticket isn't that expensive to cash in and island scout from there. :)

Thank you!

Thank you very much! Excellent detective work! This will help put this to rest and not get people all excited. It is all about due diligence, thank you friend! I am tired of only partial facts that get every ones' hope up only to be let down again. It is wrong and cruel. To many are looking at this as their second chance and it is very cruel to constantly pull this type of nonsense. To destroy someones hope is just plain evil. I know that not everyone is able to do due diligence, which is why I thank you TLHUBER. Have a great day and thank you!

Thank you very much for your honesty. It is very understandable why you feel that way. Please know that there are individuals on this site which greatly appreciate what you bring, even if it is not at all what they wanted to hear. It is very unfortunate that the rotten apples have spoiled it for the entire bunch. Thank you so much for all the knowledge, insight, expertise that you have brought before us. I for one am very, very great full. Please have a wonderful weekend. Best regards to your wife.

You are not alone.......................

This goes along with the smoking fine of 8.50, that Yota published last week. Looks like we may have a rate change soon.

saw it, here is the rest: http://www.zerohedge.com/news/guest-post-long-arm-uncle-sam-just-got-longer Guest Post: The Long Arm Of Uncle Sam Just Got Longer Submitted by Tyler Durden on 02/16/2012 13:00 -0500 Submitted by Simon Black of Sovereign Man The Long Arm Of Uncle Sam Just Got Longer This one's hot off the presses. Just yesterday, our friends at the Financial Crimes Enforcement Network (FinCEN) issued a press release on its latest ruling related to foreign 'money service businesses (MSBs).' An MSB is a private company that provides certain financial services like check cashing, money orders, title pawn, payday loans, travelers' checks, prepaid stored value cards, tax refund payments, etc. Frequently, traditional MSB clients tended to be individuals without bank accounts or access to credit. But increasingly, the US government is looking at companies engaged in electronic payments, crowdsourced funding, and even microcredit finance as money service businesses. The implication? They should all be regulated. Even if they're not even US companies. That's right. FinCEN's latest ruling suggests a foreign MSB may now be subject to US regulations AND CRIMINAL PENALTIES "even if none of its agents, agencies, branches or offices are physically located in the United States." FinCEN goes on to say that foreign-located MSBs must also comply with US anti-money laundering regulations and submit 'suspicious activity reports', i.e. assimilate into the US financial system and become yet another unpaid spy of the US government. Further, foreign MSBs must register with FinCEN AND appoint a person residing in the United States as a legal representative in matters of compliance. If not, foreign MSBs risk severe civil and criminal penalties. Needless to say, FinCEN came up with this 'rule' all on its own. There was no legislative process, no Congressional debate. Quite simply, a bunch of bureaucrats decided to create a new rule that, amazingly enough, has the same weight and gravitas as a law. This is the way society is ordered today. There's one set of rules that Congress creates-- the laws. Then there's another set of rules that the President creates in his sole discretion-- executive orders and the occasional treaty. Then there's a third set of rules that are created by enforcement agencies like FinCEN-- regulations and policies. This is the part that's truly extraordinary. Despite the 'free and democratic society' that most of us live in, these agencies are accountable to no one. They are not elected officials, they have no checks and balances, and there is little (if any) judicial oversight. From the FBI's "administrative subpoenas" that gives the agency nearly totalitarian authority to commandeer the information of private companies, to the Justice Department's "policies" on civil asset forfeiture, to FinCEN's "rules" subjecting foreign companies to US criminal penalties, this is getting completely out of control. With nearly 100% certainty, as you read this sentence right now, you are in violation of probably several such rules and regulations that you've never heard of. Even if you're not in the United States, as the FinCEN case clearly demonstrates. Each of these rules has been conjured without your knowledge, put into effect without your consent, and tied to the most ridiculous civil and criminal penalties imaginable. You can't even fill out a passport application anymore without being threatened with a $10,000 fine. In his comprehensive annals of the reigns of Tiberius and Nero, Roman historian Tacitus wrote, "corruptissima re publica plurimae leges." This is most often mistranslated as "the more corrupt a society, the more numerous its laws." In truth, Tacitus was referring to Rome's history, and a more accurate translation is "laws were most numerous when the commonwealth was most corrupt." Future historians will likely look back and say the same thing about our society. Except that we're not talking about laws. We're talking about the 'rules' of autonomous enforcement agencies that have extensive (and growing) police powers. A better quote comes from a 1969 speech from William T. Gossett, then president of the American Bar Association: "The rule of law can be wiped out in one misguided, however well-intentioned generation. And if that should happen, it could take a century of striving and ordeal to restore it, and then only at the cost of the lives of many good men and women."

Thank you.

Thanks, and he is right not what I wanted to read. Oh, well we wait.

Thank you.

Thanks Trooper!

Interesting and when you read the release it is from 2010.

Thank you Adam.

Goodness, and they wonder why the home school movement is growing..........................

Let me start by saying I am not a repub or democrat, both parties have let me down. I would like to start completely over. I do have to correct a few things in this post. You make it sound as if only one party does it. Every ten years the districts are redrawn. Which ever party is in control of that STATE gets the advantage. I would like to ask you if you have ever seen Barney Franks District? Not really in a nice square as was recommended by one of the founders. Last I checked Barney had a D after his name and the state was largely Democratic. I am a little confused on where you see the economy on an upswing? There are fewer people in the workforce now as compared to '08, and unemployment is higher even using their numbers. If you were to calculate unemployment the way it was done under Carter the number would be North of 16%. The number of people receiving foodstamps has also grown? So I am uncertain how you can state the economy is improving? How about our space program? He could have changed the shuttle program but nope cut their budget and now there are a few more folks out of work. How about taking over of GM? Still in debt, last I checked but Ford is not? They didn't take a bailout and seem to be doing alright. As far as his foreign policy well, I was pretty certain that you could not as a president declare war that was up to congress. Why then did we go into Libya? Last I checked congress did not declare war on Libya. Why did he also send some troops into Sudan? Why did he not do anything for the Iranian people when they had their uprising? He didn't even give them a shout out for support, why? He couldn't say enough about Egypt or Libya, Yeman to name a few but crickets for Iran? As far as the pirates, I will give him the one but not the one. For heavens sake he brought them back for trial. Really? I prefer what the Russians did and took care of it at sea, no more pirates. I don't see them attacking any Russian ships in the near future either. Oh, let us not forget that great PR move with the pipeline which would have created jobs and improved relations with Canada (which has stricter environmental rules then us). If we are talking approval ratings yes congress is horrible but the president's numbers are the same as Carters. Those were not great numbers. As far as turn out on the repub. side I can't speak for them, maybe they are as disgusted with the choices as I am. Only time will tell.

Thanks for posting, I read it earlier but could not post for some reason........... Just a case of the Mondays I guess. Thanks again!

Thank you for the follow-up Sparky, greatly appreciate it!