The MacDougal Post: Central Bankers Pretend Economy Has Improved, Raise Benchmark Rates

December 16, 2015

Central Bankers Pretend Economy Has Improved, Raise Benchmark Rates

The bimbo-led Federal Reserve (Fed) raised short term interest rates today, and like an oversexed floozy faking orgasm to make tonight's guy think he's really something special, postured that the economy is improving - postured by omitting mention of such matters as the 1) missing purchasing power tied to those lost manufacturing jobs now permanently residing in Asia, 2) crippling strength of the U.S. Dollar, 3) suffocating burden of Obamacare, 4) future cost of our exploding national debt, and 5) ginormous number of damaged souls who've left the labor force, never apparently to return, not to mention the 6) Fed's Trotsky-style seizure of the T-Bond market to keep the failed politicians generating all the above in power.

The interest rate on overnight reverse repurchase agreements, formerly 0%, will rise to .25%, while the interest rate on excess reserves is getting upped from .25% to .50%. These comprise the floor and ceiling, respectively, for short term interest rates under Fed control, and influence, if not dictate, where short term rates will fall when set everywhere throughout the economy.

In tribute to the Central Party's success at driving free market capitalism out of Washington's hair, the Fed unabashedly added that, through Stalinist central planning, they would further raise those rates 1% a year over the next three years, ending at 3.3% by 1019.

Welcome to the UASR (Union of American Socialist Republics), fellow comrades. Peace-mongering Liberals have pulled off the silent communist revolution as Saul Alinsky (1909-1972) told them to such a short time ago.

Nostrovia!

Inside the Scam

Short-sellers flood markets with bogus shares, involving buyers in bookkeeping transactions, not stock, and not telling them about it. Wall Street helps hide the fraud with Madoff accounting, even letting shorts pay dividends as part of this scam, duping investors into believing they get real dividends paid by the company they thought they invested in.

Worse, short-selling, in effect, adds these phony shares to the actual total number reported in company financial statements, which goes into the various earnings per share (EPS) calculations, essential components of the critical metric universally used to value common stocks, the price/earnings ratio (P/E). In a selling frenzy, EPS can be cut from, say, $4.00 to $0.40 or $0.04 or whatever, by the immense volume of fake shares these pretend investors are drubbing the real ones with at point of purchase.

Every reference made to P/E as a calculable metric is a lie. Our stock market is gamed by short-side racketeers, rendering equity investment in this country a massive securities fraud. Their humongous swindle purloins much of our savings during every market downdraft.

Odds are the SEC staff belongs in jail. Gangland racketeering is more than enabled by the complicity of our regulatory hotshots. Mob stooges inside that agency have spearheaded these cons for generations, flat out lying to us all those years.

Surely, the SEC's remarkable contention that short-sellers borrow their shares from you and me is, in its downright absurdity, the nadir of arrogance and criminal obfuscation.

That's why we're never asked to go along with it.

Site Exclusives

As our young readers know, any loser who steals mommy and daddy's savings is a stupid ninny.

Wall Street hires the biggest dumbbells in the world. That's because God hates stealers, and the nincompoops don't even know it.

Keep an eye on bad men like hedge fund managers, bank CEOs and proprietary traders right here in The MacDougal Post. Incorrigible dingbats like Mucus Poole-Knightly, Pockets MulGoon, and Lewie the Dip, just to name a few of the head cases found on the site, are contracted to appear here exclusively.

You won't find that kind of financial coverage anywhere else in cyberspace.

Check in with us regularly to find out what's really going on with your money, if there's any left. And when it's all gone, take a shower whenever you can and drop in on us from the local public library.

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December 16, 2015

Central Bankers Pretend Economy Has Improved, Raise Benchmark Rates

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