Dupes of Non-Physical

Hit With Big Withdrawals, Fed Sells Assets,
Borrows Cash
By Lee Adler – Wallstreetexaminer.com
[FF Editorial: This is a brilliant piece of Fed Watching and analysis. If there
is one evidence that FED and global central banks are stuck in a quagmire
and the system is unraveling, this is it!]
The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest
withdrawals from its deposit accounts that were not associated with quarterly tax
payments since February of 2009. $7 billion of that was the net cash transferred
to the US Treasury from its note and bond sales less outlays. The Fed still had to
meet the other $76 billion. These transactions were revealed in the Fed’s weekly
H.4.1 report.
The Fed was apparently forced to take extraordinary measures to fund these
withdrawals. These included the outright sale of nearly $24 billion in its Treasury
note and bond holdings from the System Open Market Account. As a result, the
Fed’s System Open Market Account (SOMA) fell to $2.611 trillion, some $43
billion below the Fed’s stated target of $2.654 trillion. Prior to this week, it had not
strayed from by more than $7 billion since June. The Fed’s action was not only a
direct contradiction of its stated policy, but it was done without warning or
explanation. It ran counter to Bernanke’s penchant for telegraphing every
important move the Fed makes so that the banking/speculating organizations can
front-run it.
The Fed took another unusual and virtually unprecedented action to fund these
massive withdrawals. It borrowed $43 billion from foreign central banks (FCBs)
through Reverse Repurchase Agreements (revese repos, or RRPs).

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their a shufflin the deck

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http://wallstreetexaminer.com/uploads/graphic1070.png
HMMMMMMMM, there it is
iON

The chart has multiple uses:

Aka PO's or Potential Orgasms

Priapism Overlayed haaha

For at least 6 hours or more!