Frontrunning: October 14

Tyler Durden's picture Submitted by Tyler Durden on 10/14/2010 07:27 -0500

AustraliaBob ChapmanCPIEuropean Central BankGermanyJapanrecoveryReutersTrade WarYuan

The Fed itself says QE2 would have little/no effect (St Louis Fed) – then again this is not FRBNY, but the ultra hawkish St Louis Fed. Trench warfare within Fed is intensifyingDollar Slide Causes Fresh Scramble for Risk (FT)U.S. is currency war’s “tomb maker”: China economist (Reuters)This will make China happy: Germany Warns of Trade War Over Yuan (WSJ)The Next Bubble (NYT)Fed’s Lacker Says Making Jobs an `Imperative’ Risks Inflation (Bloomberg)The Fed seeks to boost jobs, but it could have bad side effects for consumers (Barrons)Yuan Bond Sales Climb to Record Led by Railways: China Credit (Business Week)China’s Leaders Prepare to Meet as Elders Slam Censorship of Wen (Bloomberg)Spain’s Santander Funds at Higher Rate to Inferior Banks (Bloomberg)LVMH Sales Rise 23% Confirming Luxury Recovery (WSJ)How far the car czar has fallen: Continuing the Chicago tradition – Rattner nears SEC settlement over charges: source (Reuters)Mortgage holders will have banks by the short hairs (Post)The Questions That Swirl Around The Fed (Bob Chapman)China Awaits Deeds to Match Political Reform Rhetoric (FT)$2 Trillion False Flag At US Treasury (Rense, h/t Kyle)French Strikes Put Fuel Supplies at Risk (FT)Sweden Needs Higher Rates Amid Rebound, Riksbank Official Says (Bloomberg)James Altucher finds refuge in NetNet, says something about bears (NetNet) – his conclusion: “Maybe the Bears get to go to all the parties, but long term the bulls should make money.”

Economic data:

Australia Consumer Inflation Expectation 3.8%. Previous 3.1%.Japan Domestic CGPI 0.0% m/m -0.1% y/y – below consensus.Consensus 0.0% m/m 0.0% y/y. Previous 0.0% m/m 0.0% y/y.Japan Tokyo Condominium Sales 3.9% y/y. Previous 18.5% y/y.Japan Machine Tool Orders 113.6% y/y.Previous 112.9% y/y.Spain CPI for September 0.0% m/m 1.1%y/y-in line with expectations. Consensus 0.1% m/m 1.1% y/y.Previous 0.3% m/m 1.0% y/y.Spain CPI (EU Harmonised) for September 0.0% m/m 2.1% y/y-in line with expectations. Consensus 0.0% m/m 2.0% y/y.Previous 0.3% m/m 2.0% y/y.ECB Publishes Monthly Report 0 Your rating: None
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by papaswamp
on Thu, 10/14/2010 – 07:31

Here is a weird one…probably just a rumor.

“Thursday, October 14, 6:18 AM According to a somewhat bizarre report on Informa Global this morning, the U.S. and China have reached an agreement on yuan appreciation in exchange for the U.S. holding off on QE2.”

Login or register to post comments by doolittlegeorge
on Thu, 10/14/2010 – 07:58

that’s an interesting rumor.  glad to see you’re using the right side or your brain.

Login or register to post comments by Lux Fiat
on Thu, 10/14/2010 – 08:08

No idea if it is true, but if so, it may be a case of a known haircut is better than an unknown one.

It also makes me wonder about the timing of the brouhaha in China over Wen’s calls for more political openess (from the Bloomberg article in the lineup).  There are major long-term shifts occurring, and China, and the world in general, will be undergoing a lot more economic stress before all is said and done.  I personally believe that an open society can handle these stresses much better than a closed one, and I wonder if Wen’s call for more political freedom is in that vein.  If we are going to have a worsening global economic situation for several years, it could make the difference between a country that comes apart at the seams (or comes close) vs. one that keeps slogging in a relatively unified and peaceful way.

Login or register to post comments by Mongo
on Thu, 10/14/2010 – 07:41

“Views expressed do not necessarily reflect official positions of the Federal Reserve System.”


Well there you have it folks. Noise! Just noise from the St Louis Fed. Ben “soon to be tripple-quadrillionaire” Bernanke has his goals set. Until the dollar buys you nothing he has a job to do!

Login or register to post comments by mombogame
on Thu, 10/14/2010 – 07:58


The Great Deception!

One Page Patriot


In 1871 the international bankers, through bribery, stealth and deception, took control of America.  By creating a commercial corporation entitled the UNITED STATES (based in Washington D.C.), the bankers set up a commercial operation that imitates and usurps the now dormant constitution of the Founding Fathers.  If you want to understand why things have gone so wrong in America, you must understand this great deception.  Working in a gradual and incremental way, these greedy bankers transformed the original republic of individual freedom, into a socialist democracy controlled from Washington D.C.  Prepare to be stunned by the following revelations! However if America ever wants to be restored to its greatness, it must face this fraudulent monster and learn the differences that made the great deception possible.


1.  The united States of America – The original constitutional government founded in 1789.

2. The UNITED STATES CORPORATION – The bankers’ business corporation imposed by deception in 1871 through the creation of Washington D.C.  Commonly known as the UNITED STATES, it tries to deceive and dictate power over all Americans through its corporate laws known as the Uniform Commercial Code.


1. The Constitution “for” the united States of America – The original document of freedom created by the founding fathers which still exists, but has been made dormant since 1871.

2. The Constitution “of” the United States – The document of deception that was created by the bankers in 1871 but never made known, nor approved of by the states or the American people.


1.  De Jure government – the original organic government of the founding fathers.

2.  De Facto government – the bankers’commercial corporation that deceptively entices Americans to enter into commercial contracts through birth certificates, social security, the draft, etc.


1.  A Sovereign – An American who’s rights are bestowed by God and declared by the founding fathers.  These rights grant him the freedom of self-government as long as he does not harm his neighbor.

2. A US Citizen – One who unknowingly volunteers to contract with the bankers’ UNITED STATES CORPORATION and become a chattel servant, a tenant on their land and abide by their corporate laws.


1. Common Law – God’s law for free men, where contracts must be entered into knowingly.

2. Admiralty, Maritime or International Law – The bankers’corporate law including the Uniform Commercial Code where contracts can be entered into unknowingly and by deception.


1. A Republic – A group of free individuals who guarantee to grant and protect each other’s right to freedom, justice and the pursuit of happiness.

2. A Democracy – Rule by a simple majority (or mob), a form of socialism where the interests of the individual becomes subservient to that of the mob.


1. Lawful – Abiding by God’s law of the Old Testament or common law of freemen.

2. Legal – Abiding by the banker’s corporate law. 


It Gets Worse!

Again through bribery, in 1917 the Federal Reserve Act “hypothecated” all property within the Federal United States to the Board of Governors of the Federal Reserve in which the Trustees (the international bankers) still hold legal title.   In 1933, the Federal United States hypothecated all properties, assets and labor of the U.S. Citizens, via the fraudulent 14th amendment, in exchange for fiat (paper) dollars.  


In the same year, FDR signed executive Order 6102 which confiscated all of the gold in the US and turned it over to the Federal Reserve.  Then on 6/5/33 he signed H.J.R. 192 of the 73rd Congress, which declared that the country was bankrupt.  Through a series of transfers, today the receivers of that bankruptcy are the International Bankers via the United Nations, the World Bank and the International Monetary Fund.


Unwittingly, America has returned to its feudal roots where the people have no rights to hold free and clear title to their property, but are legal tenants and sharecroppers renting their own property from a Sovereign in the guise of the Federal Reserve Bank!    How can you call it a free market when  one man calls the shots.   For more information go to


Login or register to post comments by doolittlegeorge
on Thu, 10/14/2010 – 08:02

and “there’s the rub.”  whose the owner of the property, right?  weeks to sort that out Jamie Dimon?  More like decades, right? needless to say “if we don’t sort out who the owner is it’s gonna be really hard to start lending again” won’t it?

Login or register to post comments by Bob
on Thu, 10/14/2010 – 08:29


“If the global financial crisis was about nationalizing private debt, then in the post-crisis period the urgent need of the United States is to internationalize its national debt,” he said.

Login or register to post comments by Sunshine n Lollipops
on Thu, 10/14/2010 – 09:09

Yeahhhhh . . . . . . sorry about that, Greece.

Login or register to post comments by kathy.chamberli…
on Thu, 10/14/2010 – 10:45

hi sunshine. it is nice to have colorful and very cute avatars posting. now you be careful around here, little one, cause there are some predators lurking.

like pedophilia’s or “it’s”.

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