And Why We should wet Ours!!!!!!!!!!!!!!

Hey Folks,

Re: The Pre-ordained Long-Awaited End of the Fed Bubble Machine has finally arrived!

Ride the King's Highway 
Ride The Highway West >> Babeee
Riiiiide the Snake 
Ride the Snake to the lake 
The aanci'ent Lake >>>> Babeee
The Snake is looooooong 
Seven Miles
Ride the Snake 
He's Old and his skin is cold
The West is the Best
The west is the Best 
Hear Hear!  
and we'll do the rest

This is the End 
My only friend the end 

The end of laughter and soft lights

This  is theeee  EEEND

 https://www.youtube.com/watch?v=BXqPNlng6uI

So what is the Snake? What is the King's Highway?
What is the Ancient Lake? 

They are all hinted at in the following quote from this AM's Fed Announcement.

Stay Tuned!!



" ... ... The Federal Reserve and the Treasury recognize that businesses vary widely in their financing needs, particularly at this time, and, as the program is being finalized, will continue to seek input from lenders, borrowers, and other stakeholders to make sure the program supports the economy as effectively and efficiently as possible while also safeguarding taxpayer funds. Comments may be sent to the feedback form until April 16.
To support further credit flow to households and businesses, the Federal Reserve will broaden the range of assets that are eligible collateral for TALF. As detailed in an updated term sheet, TALF-eligible collateral will now include the triple-A rated tranches of both outstanding commercial mortgage-backed securities and newly issued collateralized loan obligations. The size of the facility will remain $100 billion, and TALF will continue to support the issuance of asset-backed securities that fund a wide range of lending, including student loans, auto loans, and credit card loans.
The Municipal Liquidity Facility will help state and local governments better manage cash flow pressures in order to continue to serve households and businesses in their communities. The facility will purchase up to $500 billion of short term notes directly from U.S. states (including the District of Columbia), U.S. counties with a population of at least two million residents, and U.S. cities with a population of at least one million residents. Eligible state-level issuers may use the proceeds to support additional counties and cities. In addition to the actions described above, the Federal Reserve will continue to closely monitor conditions in the primary and secondary markets for municipal securities and will evaluate whether additional measures are needed to support the flow of credit and liquidity to state and local governments.
All of the facilities mentioned above are established by the Federal Reserve under the authority of Section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary.
The Federal Reserve remains committed to using its full range of tools to support the flow of credit to households and businesses to counter the economic impact of the coronavirus pandemic and promote a swift recovery once the disruptions abate. "