It doesn't make sense for me.
My only hope is to find myself a house or two to invest in and leverage my socks MORE, and pray that the poor sap renting my house can still somehow afford to rent it.
Otherwise i'm screwed.
excuses excuses. good luck weathering the apocalypse. it was nice knowing you. i'm going to go put on my loincloth and paint my face. i'm ready to go tribal. join me!
Was there a world war looming in the Black Monday equation? I think it plays in ....people are getting wise to the clamp down on civil liberties and the take over because of terror charade.
If your dollar is the famous rockstar currency, and your music gets stale. You wash up and play booze halls for taxi fare.
Popular paper is only that...popular until it loses fame.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
Was there a world war looming in the Black Monday equation? I think it plays in ....people are getting wise to the clamp down on civil liberties and take over because of terror charade.
If your dollar is the famous rockstar currency, and your music gets stale. You wash up and play booze halls for taxi fare.
Popular paper is only that...popular until it loses fame.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
i wish. maybe i just need to have another coffee before i try to follow your analogy.
I'm following the analogy of that famous artist (can;t remember the name right now) who would wine and dine all his friends at any restaurant and run up a monster tab. When it came time to pay, he would ask the waitress if he could write them a cheque (she would say of course with stars in her eyes) . He would fill out the cheque, tack on an awesome tip, then turn the cheque over and draw a neat little artistic picture with a witty statement and then autograph it.
When the owner(s) saw the cheque(s) he/they exclaimed. "I'll never cash this cheque! It's a personalized self autographed "so and so" it's worth so much more than the cost of the food" therefore this artist could get along and ride for free on his popularity alone. Kinda like how hollywood celebs get endless freebie incentives to just show up at owners clubs, so the owners can brag and gain popularity.
Once that popularity is gone. Opinions sour, all those "cheques" get cashed, and you're bankrupt.
I hope this is not the case. I like America very much, and would live there over the middle east any day. I just hate it's politicians as of late. I believe they do the country an injustice.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
nooooooo, you have to drink some commiekazes to follow old roland
you're talking fart young man.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
"It’s no secret that the dollar is on a downward spiral. Its value is dropping, and the Fed isn’t doing a whole lot to change that. As a result, a number of countries are considering a shift away from the dollar to preserve their assets. These are seven of the countries currently considering a move from the dollar, and how they’ll have an effect on its value and the US economy."
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
"It’s no secret that the dollar is on a downward spiral. Its value is dropping, and the Fed isn’t doing a whole lot to change that. As a result, a number of countries are considering a shift away from the dollar to preserve their assets. These are seven of the countries currently considering a move from the dollar, and how they’ll have an effect on its value and the US economy."
Maybe. Maybe it is hype from a company that makes money getting people to use their system to trade foreign currency. Kind of like those silly Canadian penny stock exchanges that always try to hype their big movers.
"I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
Oh no!
GOLD HAS FALLEN $20+ an ounce in the past 24 hours.
Lol.
:rolleyes:
Guys this is why didn't buy gold this week.
I missed the boat for a month or two, and now that boat is coming back to the same shore from whence it left.
Actualy, i didn't (if you read my original gold thread) expect gold to hit $800 until December or later.
Hopefuly this pullback is indicative of the fact that the market has come to terms with the dollar and revalued gold accordingly.
IF it kept shooting up $10 a day, we were about to witness something horrible.
So be thanking the powers that be that it has leveled off and found a new home in the $830 range!
If I was to smile and I held out my hand
If I opened it now would you not understand?
Oh no!
GOLD HAS FALLEN $20+ an ounce in the past 24 hours.
Lol.
:rolleyes:
Guys this is why didn't buy gold this week.
I missed the boat for a month or two, and now that boat is coming back to the same shore from whence it left.
Actualy, i didn't (if you read my original gold thread) expect gold to hit $800 until December or later.
Hopefuly this pullback is indicative of the fact that the market has come to terms with the dollar and revalued gold accordingly.
IF it kept shooting up $10 a day, we were about to witness something horrible.
So be thanking the powers that be that it has leveled off and found a new home in the $830 range!
you mean we're going to be ok?
*whew*
i didn't think we were going to make it for a while there.
Maybe. Maybe it is hype from a company that makes money getting people to use their system to trade foreign currency. Kind of like those silly Canadian penny stock exchanges that always try to hype their big movers.
Quite possibly. Pretty crazy how people will exploit any situation for financial gain. Pretty insidious the money game is. Check out that Enron documentary if you haven;t. It really opened my eyes as to how bad people want to get stinking blinding rich. They will do and say anything to any one at any cost. Something snaps in the head I guess.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
Kind of like those silly Canadian penny stock exchanges that always try to hype their big movers.
Those venture stocks can make people very wealthy. I know a couple people that have had enormous success with them. They are very risky…but if you research your company and play the market right, you can make a killing. I bought stock in a gold venture ….I’ve been waiting a while, but I still have faith that I will get a 500-1000% return by May. If I had the balls to short it, I could have easily increased my position 5-fold by now. Instead, I’ve made a measly 30 points in 18 months…those silly penny stocks have outperformed my mutuals big time…and they still haven’t even found any gold.
i didn't think we were going to make it for a while there.
No.
I doubt we will be "okay", what i said was we've bought some time.
The market seems to have come to a concensus that gold is worth $830 an ounce. That is hardly "OK" from a historical perspective. It means people are out of stock an in the shiny stuff at some pretty scary volumes.
What it DOES mean is that $830 is a LEVEL point for inflationary and market scare reaction.
What it does NOT mean is that we are safe.
It just means until SIV hits big or the new pakistan\oil concern rushes over, we are LEVELED off.
But gold at $830 is hardly great news.
I just wanted to point out that i am capable of "rational" analysis and i can see that we arent going through the roof overnight, all though it is going throughtheroof never the less.
If I was to smile and I held out my hand
If I opened it now would you not understand?
it will be up again ... probalby 935-940 ... by the end of thursday ... give them a day to digest the reality of another .5pt cut in the rate ... to make for a 1.25 cut move in 1 week ... i think the biggest\fastest in a long long time?
Either that, or the entire market tanks, if Bernanke is "stupid" enough to NOT give them what they want.
You know.
I was talking to my buddy today, and was working through a thought i had with regards to Fed policy and its relationship to depressions.
CNBC brought up George Soros' (people, google the name, if you don't think he is HIGHLY qualified to comment here) recent comments this morning ...
the comments: "the US, which is consuming more than it is producing, cannot continue."
"It is a significant shift of power and influence towards the developing world and China in particular," he said. Something that is inevitable if the US constantly prints money to get out of jail and then buys Arab oil and Chinese products with it all.
- G. Soros -
So, I'm talking to my buddy about this, and about the interest\inflation rates, and about how stupid\ignorant the people of this country are -- sprung out of discussing the woes of florida voting Clinton & McCain -- and about the Fed's role in a financial crisis.
And here is the thing.
People like Bernanke think the Federal Reserve was responsible for the Great Depression (or at least, the severity of it) by virtue of the fact that it tightened rates (raised them) at the very time when the markets needed that added liquidity.
That view is so simplistic and misleading for several reasons. First it assumes the Fed gave a crap about the depression, which itself is hugely arguable ... the people that created it were the very bankers whom profited from the depression - both by scooping up failing banks and businesses for pennies on the dollar, and again by getting to steal all the people gold. Those were the rockerfellers, j. p morgan, kuhn loeb\ paul warburg & the rothschilds ... this isn't conspiracy folks, these ARE The people that created the Fed, unargued fact.
And they made the Fed to protect their BANKS, NOT the fucking lowly working class American shmuck.
So what did the Fed do when it came time to collect on their little scheme? Why they cut off juice to the market so that it would flounder and give them good bargains, and they raised the rates to protect the value of their dollars.
One thing you can NOT say about the Great Depression is that it caused the devaluation of the dollar. From everything i can find, stock values plumeted, but the actual currency held up remarkably! Because they didn't inflate with huge rate cuts!
I think the reason they get criticized for that, is because they were in a fairly isolated old world model ... where almost ALL prices were domestic prices ... America manufactured and consumed mostly its own goods. So even IF the value of the dollar had gone modestly lower through inflationary means, baring an absolute flood of inflation (like post war Germany), price stability would have remained. So, i guess maybe they COULD have gotten away with it then (but i just don't think that was what their concern was. they WANTED a strong dollar and a weak market. it gave them HUGE political capital. they could get their hands in EVERYTHING, cuase THEY had the money) ... even though they could have lowered rates then, they were in an internaly sustained economy.
WE LIVE IN A GLOBAL ECONOMY.
WTF is going to happen if we inflate the shit out of our currency, and we are all buying all of these foreign goods? Cough OIL cough China cough ... see the Soros quotes ...
I know Bernanke doesn't want to get blamed for causing the markets to panic, or causing a crash ... but he is going to take his fair share of blame for driving the death nail through the longterm financial stability of the country as a whole!
If I was to smile and I held out my hand
If I opened it now would you not understand?
T Minus 15 until we find out if the Fed shoots the market in the foot.
We need .5 pts to avoid a ... uh ... wave of downward pressure on the markets?
Yeah.
.25pts or no cut = "blood on the streets".
Normaly these things aren't THIS big,
but given current economic conditions, the market is literaly living and breathing rate cuts.
It's do or die time, Bernanke.
Don't fuck it up.
Oh.
Also, GDP is down on the quarter, and inflation is up "substantialy" ... prices increased about FOUR percent last quarter.
Hmm. Go figure. :rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
:eek:
Markets closing DOWN on ANOTHER Rate Cut?
:rolleyes:
Who'd a thunk?
Guess ALL the money knew it was coming ... bought well in advance, they know we just hit the top of a pathetic little reaction-swing back up to the top of downward trand line (we literaly hit the top on S&Ps ... 1380) ... and DOWN SHE GOES, as ALL the money sells back out. And lets not even talk about those sneaky fucking RATING AGENCIES slashing the BOND INSURERS. Boy was that planned or what? It's like the game is rigged.
I'd be suprised now if the market even manages to move up 50 points in the morning tomorrow before CONTINUED SELLING.
We'll see.
I'm definately wrong at least half the time.
Oh.
BTW. GOLD BACK UP, as predicted over here.
If I was to smile and I held out my hand
If I opened it now would you not understand?
People like Bernanke think the Federal Reserve was responsible for the Great Depression (or at least, the severity of it) by virtue of the fact that it tightened rates (raised them) at the very time when the markets needed that added liquidity.
That view is so simplistic and misleading for several reasons. First it assumes the Fed gave a crap about the depression, which itself is hugely arguable ... the people that created it were the very bankers whom profited from the depression - both by scooping up failing banks and businesses for pennies on the dollar, and again by getting to steal all the people gold. Those were the rockerfellers, j. p morgan, kuhn loeb\ paul warburg & the rothschilds ... this isn't conspiracy folks, these ARE The people that created the Fed, unargued fact.
And they made the Fed to protect their BANKS, NOT the fucking lowly working class American shmuck.
So what did the Fed do when it came time to collect on their little scheme? Why they cut off juice to the market so that it would flounder and give them good bargains, and they raised the rates to protect the value of their dollars.
One thing you can NOT say about the Great Depression is that it caused the devaluation of the dollar. From everything i can find, stock values plumeted, but the actual currency held up remarkably! Because they didn't inflate with huge rate cuts!
I think the reason they get criticized for that, is because they were in a fairly isolated old world model ... where almost ALL prices were domestic prices ... America manufactured and consumed mostly its own goods. So even IF the value of the dollar had gone modestly lower through inflationary means, baring an absolute flood of inflation (like post war Germany), price stability would have remained. So, i guess maybe they COULD have gotten away with it then (but i just don't think that was what their concern was. they WANTED a strong dollar and a weak market. it gave them HUGE political capital. they could get their hands in EVERYTHING, cuase THEY had the money) ... even though they could have lowered rates then, they were in an internaly sustained economy.
I have a question about the above quoted part. Since the Fed was created by those people to protect their banks and you stated that the Fed didn't really give a crap about the Great Depression, didn't it still have a hand in it considering the fact that the banks profited from it?
I have a question about the above quoted part. Since the Fed was created by those people to protect their banks and you stated that the Fed didn't really give a crap about the Great Depression, didn't it still have a hand in it considering the fact that the banks profited from it?
Yes.
Of COURSE they had a hand in it.
The ONLY reason the great depression happened was because of fiat money inflation \ manipulation of interest rates. The ONLY reason.
I'm just saying that in light of that, trying to blame the fed for raising and not lowering rates after the fact is fucking absurd.
If i shoot you in the face and you die, are you relatives gonna go on and on about how they can't believe i didn't put some gauze on your wound? Or are they gonna bitch about how i SHOT you?
That was what i am trying to say.
If I was to smile and I held out my hand
If I opened it now would you not understand?
:eek:
Markets closing DOWN on ANOTHER Rate Cut?
:rolleyes:
Who'd a thunk?
Guess ALL the money knew it was coming ... bought well in advance, they know we just hit the top of a pathetic little reaction-swing back up to the top of downward trand line (we literaly hit the top on S&Ps ... 1380) ... and DOWN SHE GOES, as ALL the money sells back out. And lets not even talk about those sneaky fucking RATING AGENCIES slashing the BOND INSURERS. Boy was that planned or what? It's like the game is rigged.
I'd be suprised now if the market even manages to move up 50 points in the morning tomorrow before CONTINUED SELLING.
We'll see.
I'm definately wrong at least half the time.
Oh.
BTW. GOLD BACK UP, as predicted over here.
the market had already priced this cut into the market. the dow is UP almost 1000 points from the low 2 weeks ago.
but yet you are shocked and digging your bunker deeper because the market is down a few points ?
the market had already priced this cut into the market. the dow is UP almost 1000 points from the low 2 weeks ago.
but yet you are shocked and digging your bunker deeper because the market is down a few points ?
I'm really glad I'm not you.
I'm starting to REALLY question your comprehension of this situation.
The dow will fall 200 pts today at least, i'm betting. [hell, lets go ahead and call down 300!]
JOBLESS CLAIMS WAY UP, in case you aren't paying attention right now.
Aren't you the one saying we are okay as long as jobs remain strong? :rolleyes:
DOLLAR ALL TIME LOWS
GOLD ALL TIME HIGHS
INFLATION WAY UP
JOBLESS CLAIMS WAY UP
where is the good news, Jlew?
And did i not start off my last damn post with something like "guess the market priced this in a month ago" ... tell me something i don't know. Sheesh.
Soft target for the S&P is DOWN 1000 PLUS ... fyi.
Are you looking for an UP swing here?
If you are, YOU ARE CRAZY!
S&P futures down 10 pts in premarket hours on the jobless news ... and if we get down 25 points to 1310-1309 WATCH THE SHIT HIT THE FAN.
S-E-L-L O-F-F!
Don't be a fool and call bottoms.
Your hand gonna be REAL bloody catching that big ass falling knife.
If I was to smile and I held out my hand
If I opened it now would you not understand?
DOLLAR ALL TIME LOWS
GOLD ALL TIME HIGHS
INFLATION WAY UP
JOBLESS CLAIMS WAY UP
where is the good news, Jlew?
And did i not start off my last damn post with something like "guess the market priced this in a month ago" ... tell me something i don't know. Sheesh.
Soft target for the S&P is DOWN 1000 PLUS ... fyi.
Are you looking for an UP swing here?
If you are, YOU ARE CRAZY!
S&P futures down 10 pts in premarket hours on the jobless news ... and if we get down 25 points to 1310-1309 WATCH THE SHIT HIT THE FAN.
S-E-L-L O-F-F!
Don't be a fool and call bottoms.
Your hand gonna be REAL bloody catching that big ass falling knife.
all this sounds familiar. you have been saying this about once a week for 6 months. are you going to just keep calling for this to happen until it does? then you are going to pat yourself on the back and claim you are a genius? laughable.
are you serious clark? I practically called the low. you called for DOW 10,000. who is failing to see whats going on?
ok lets see.
yes. its at 5% right now. talk to me when it gets at 8-10
all this sounds familiar. you have been saying this about once a week for 6 months. are you going to just keep calling for this to happen until it does? then you are going to pat yourself on the back and claim you are a genius? laughable.
It is happening Jlew.
You just aren't seeing it.
The graphs would show you this is just a REACTION SWING ... and when i say "this" and "is" , i mean the last week with its 2 or 3 isolated days of either minor or very violent REACTIONARY\manipulated upswings is just a temporary shift in direction .. and "is" meaning "WAS" and that we are poised to begin follwing REAL SENTIMENT again RIGHT NOW ...
the selloff will continue.
And if you bought back at 11800, well ... i'm saying you will have a great chance to DOLLAR COST AVERAGE your position.
:rolleyes:
Yeah.
We'll see, huh.
Don't forget who was screaming bloody murder about a possible crash BACK IN JULY!
And all the way back then through the summer and fall, you called me an idiot and a fearmonger.
Guess i'm retarded, huh?
I can't believe you are such a fairy-tale land bull.
Let me know when your fucking prince in shining armor comes busting on to the scene.
I could use a ride on his magical unicorn stead too!
Since you seem to recognize repetiton, yet ignore it anyhow. Let me try one more time:
DOLLAR ALL TIME LOWS
GOLD ALL TIME HIGHS
INFLATION WAY UP
JOBLESS CLAIMS WAY UP
WHERE in those notices to you extrapolate ANY THING positive?
Your fall back has been "jobs jobs jobs", and now jobs are falling off a cliff, and all you can say is "call me back when it gets worse."
Pfft.
The most basic of basic fundamentals is failing BIG TIME, and all you can say is, "Small potatos".
The currency is STEEPLY down. Inflation is SHARPLY up. Jobs DOWN. Markets DOWN. Gold is WAY THE FUCK UP, and you are sitting here trying to tell me that everything is all peaches and cherries? come on.
OH. GOOD NEWS!
Erin B has her HOT RED DRESS on!
WOoo hooo!
If I was to smile and I held out my hand
If I opened it now would you not understand?
Comments
excuses excuses. good luck weathering the apocalypse. it was nice knowing you. i'm going to go put on my loincloth and paint my face. i'm ready to go tribal. join me!
http://www.youtube.com/watch?v=lhYxLd8O9lA
the dollar is sinking! we're DOOMED! buy gold! follow me to freedom!
If your dollar is the famous rockstar currency, and your music gets stale. You wash up and play booze halls for taxi fare.
Popular paper is only that...popular until it loses fame.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
are you stoned, right now?
No sir...
Are you?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
i wish. maybe i just need to have another coffee before i try to follow your analogy.
nooooooo, you have to drink some commiekazes to follow old roland
I'm following the analogy of that famous artist (can;t remember the name right now) who would wine and dine all his friends at any restaurant and run up a monster tab. When it came time to pay, he would ask the waitress if he could write them a cheque (she would say of course with stars in her eyes) . He would fill out the cheque, tack on an awesome tip, then turn the cheque over and draw a neat little artistic picture with a witty statement and then autograph it.
When the owner(s) saw the cheque(s) he/they exclaimed. "I'll never cash this cheque! It's a personalized self autographed "so and so" it's worth so much more than the cost of the food" therefore this artist could get along and ride for free on his popularity alone. Kinda like how hollywood celebs get endless freebie incentives to just show up at owners clubs, so the owners can brag and gain popularity.
Once that popularity is gone. Opinions sour, all those "cheques" get cashed, and you're bankrupt.
I hope this is not the case. I like America very much, and would live there over the middle east any day. I just hate it's politicians as of late. I believe they do the country an injustice.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
you're talking fart young man.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
http://www.currencytrading.net/2007/7-countries-considering-abandoning-the-us-dollar-and-what-it-means/
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Maybe. Maybe it is hype from a company that makes money getting people to use their system to trade foreign currency. Kind of like those silly Canadian penny stock exchanges that always try to hype their big movers.
GOLD HAS FALLEN $20+ an ounce in the past 24 hours.
Lol.
:rolleyes:
Guys this is why didn't buy gold this week.
I missed the boat for a month or two, and now that boat is coming back to the same shore from whence it left.
Actualy, i didn't (if you read my original gold thread) expect gold to hit $800 until December or later.
Hopefuly this pullback is indicative of the fact that the market has come to terms with the dollar and revalued gold accordingly.
IF it kept shooting up $10 a day, we were about to witness something horrible.
So be thanking the powers that be that it has leveled off and found a new home in the $830 range!
If I opened it now would you not understand?
you mean we're going to be ok?
*whew*
i didn't think we were going to make it for a while there.
Quite possibly. Pretty crazy how people will exploit any situation for financial gain. Pretty insidious the money game is. Check out that Enron documentary if you haven;t. It really opened my eyes as to how bad people want to get stinking blinding rich. They will do and say anything to any one at any cost. Something snaps in the head I guess.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Those venture stocks can make people very wealthy. I know a couple people that have had enormous success with them. They are very risky…but if you research your company and play the market right, you can make a killing. I bought stock in a gold venture ….I’ve been waiting a while, but I still have faith that I will get a 500-1000% return by May. If I had the balls to short it, I could have easily increased my position 5-fold by now. Instead, I’ve made a measly 30 points in 18 months…those silly penny stocks have outperformed my mutuals big time…and they still haven’t even found any gold.
No.
I doubt we will be "okay", what i said was we've bought some time.
The market seems to have come to a concensus that gold is worth $830 an ounce. That is hardly "OK" from a historical perspective. It means people are out of stock an in the shiny stuff at some pretty scary volumes.
What it DOES mean is that $830 is a LEVEL point for inflationary and market scare reaction.
What it does NOT mean is that we are safe.
It just means until SIV hits big or the new pakistan\oil concern rushes over, we are LEVELED off.
But gold at $830 is hardly great news.
I just wanted to point out that i am capable of "rational" analysis and i can see that we arent going through the roof overnight, all though it is going throughtheroof never the less.
If I opened it now would you not understand?
Oh how far we've come since last summer.
:rolleyes:
If I opened it now would you not understand?
Time to buy silver while you can.
it will be up again ... probalby 935-940 ... by the end of thursday ... give them a day to digest the reality of another .5pt cut in the rate ... to make for a 1.25 cut move in 1 week ... i think the biggest\fastest in a long long time?
Either that, or the entire market tanks, if Bernanke is "stupid" enough to NOT give them what they want.
You know.
I was talking to my buddy today, and was working through a thought i had with regards to Fed policy and its relationship to depressions.
CNBC brought up George Soros' (people, google the name, if you don't think he is HIGHLY qualified to comment here) recent comments this morning ...
the comments: "the US, which is consuming more than it is producing, cannot continue."
"It is a significant shift of power and influence towards the developing world and China in particular," he said. Something that is inevitable if the US constantly prints money to get out of jail and then buys Arab oil and Chinese products with it all.
- G. Soros -
So, I'm talking to my buddy about this, and about the interest\inflation rates, and about how stupid\ignorant the people of this country are -- sprung out of discussing the woes of florida voting Clinton & McCain -- and about the Fed's role in a financial crisis.
And here is the thing.
People like Bernanke think the Federal Reserve was responsible for the Great Depression (or at least, the severity of it) by virtue of the fact that it tightened rates (raised them) at the very time when the markets needed that added liquidity.
That view is so simplistic and misleading for several reasons. First it assumes the Fed gave a crap about the depression, which itself is hugely arguable ... the people that created it were the very bankers whom profited from the depression - both by scooping up failing banks and businesses for pennies on the dollar, and again by getting to steal all the people gold. Those were the rockerfellers, j. p morgan, kuhn loeb\ paul warburg & the rothschilds ... this isn't conspiracy folks, these ARE The people that created the Fed, unargued fact.
And they made the Fed to protect their BANKS, NOT the fucking lowly working class American shmuck.
So what did the Fed do when it came time to collect on their little scheme? Why they cut off juice to the market so that it would flounder and give them good bargains, and they raised the rates to protect the value of their dollars.
One thing you can NOT say about the Great Depression is that it caused the devaluation of the dollar. From everything i can find, stock values plumeted, but the actual currency held up remarkably! Because they didn't inflate with huge rate cuts!
I think the reason they get criticized for that, is because they were in a fairly isolated old world model ... where almost ALL prices were domestic prices ... America manufactured and consumed mostly its own goods. So even IF the value of the dollar had gone modestly lower through inflationary means, baring an absolute flood of inflation (like post war Germany), price stability would have remained. So, i guess maybe they COULD have gotten away with it then (but i just don't think that was what their concern was. they WANTED a strong dollar and a weak market. it gave them HUGE political capital. they could get their hands in EVERYTHING, cuase THEY had the money) ... even though they could have lowered rates then, they were in an internaly sustained economy.
WE LIVE IN A GLOBAL ECONOMY.
WTF is going to happen if we inflate the shit out of our currency, and we are all buying all of these foreign goods? Cough OIL cough China cough ... see the Soros quotes ...
I know Bernanke doesn't want to get blamed for causing the markets to panic, or causing a crash ... but he is going to take his fair share of blame for driving the death nail through the longterm financial stability of the country as a whole!
If I opened it now would you not understand?
We need .5 pts to avoid a ... uh ... wave of downward pressure on the markets?
Yeah.
.25pts or no cut = "blood on the streets".
Normaly these things aren't THIS big,
but given current economic conditions, the market is literaly living and breathing rate cuts.
It's do or die time, Bernanke.
Don't fuck it up.
Oh.
Also, GDP is down on the quarter, and inflation is up "substantialy" ... prices increased about FOUR percent last quarter.
Hmm. Go figure. :rolleyes:
If I opened it now would you not understand?
Markets closing DOWN on ANOTHER Rate Cut?
:rolleyes:
Who'd a thunk?
Guess ALL the money knew it was coming ... bought well in advance, they know we just hit the top of a pathetic little reaction-swing back up to the top of downward trand line (we literaly hit the top on S&Ps ... 1380) ... and DOWN SHE GOES, as ALL the money sells back out. And lets not even talk about those sneaky fucking RATING AGENCIES slashing the BOND INSURERS. Boy was that planned or what? It's like the game is rigged.
I'd be suprised now if the market even manages to move up 50 points in the morning tomorrow before CONTINUED SELLING.
We'll see.
I'm definately wrong at least half the time.
Oh.
BTW. GOLD BACK UP, as predicted over here.
If I opened it now would you not understand?
I have a question about the above quoted part. Since the Fed was created by those people to protect their banks and you stated that the Fed didn't really give a crap about the Great Depression, didn't it still have a hand in it considering the fact that the banks profited from it?
As well as countless other places...
http://money.cnn.com/data/markets/dow/?
Yes.
Of COURSE they had a hand in it.
The ONLY reason the great depression happened was because of fiat money inflation \ manipulation of interest rates. The ONLY reason.
I'm just saying that in light of that, trying to blame the fed for raising and not lowering rates after the fact is fucking absurd.
If i shoot you in the face and you die, are you relatives gonna go on and on about how they can't believe i didn't put some gauze on your wound? Or are they gonna bitch about how i SHOT you?
That was what i am trying to say.
If I opened it now would you not understand?
the market had already priced this cut into the market. the dow is UP almost 1000 points from the low 2 weeks ago.
but yet you are shocked and digging your bunker deeper because the market is down a few points ?
I'm really glad I'm not you.
I'm starting to REALLY question your comprehension of this situation.
The dow will fall 200 pts today at least, i'm betting. [hell, lets go ahead and call down 300!]
JOBLESS CLAIMS WAY UP, in case you aren't paying attention right now.
Aren't you the one saying we are okay as long as jobs remain strong? :rolleyes:
DOLLAR ALL TIME LOWS
GOLD ALL TIME HIGHS
INFLATION WAY UP
JOBLESS CLAIMS WAY UP
where is the good news, Jlew?
And did i not start off my last damn post with something like "guess the market priced this in a month ago" ... tell me something i don't know. Sheesh.
Soft target for the S&P is DOWN 1000 PLUS ... fyi.
Are you looking for an UP swing here?
If you are, YOU ARE CRAZY!
S&P futures down 10 pts in premarket hours on the jobless news ... and if we get down 25 points to 1310-1309 WATCH THE SHIT HIT THE FAN.
S-E-L-L O-F-F!
Don't be a fool and call bottoms.
Your hand gonna be REAL bloody catching that big ass falling knife.
If I opened it now would you not understand?
ok lets see.
yes. its at 5% right now. talk to me when it gets at 8-10
all this sounds familiar. you have been saying this about once a week for 6 months. are you going to just keep calling for this to happen until it does? then you are going to pat yourself on the back and claim you are a genius? laughable.
It is happening Jlew.
You just aren't seeing it.
The graphs would show you this is just a REACTION SWING ... and when i say "this" and "is" , i mean the last week with its 2 or 3 isolated days of either minor or very violent REACTIONARY\manipulated upswings is just a temporary shift in direction .. and "is" meaning "WAS" and that we are poised to begin follwing REAL SENTIMENT again RIGHT NOW ...
the selloff will continue.
And if you bought back at 11800, well ... i'm saying you will have a great chance to DOLLAR COST AVERAGE your position.
:rolleyes:
Yeah.
We'll see, huh.
Don't forget who was screaming bloody murder about a possible crash BACK IN JULY!
And all the way back then through the summer and fall, you called me an idiot and a fearmonger.
Guess i'm retarded, huh?
I can't believe you are such a fairy-tale land bull.
Let me know when your fucking prince in shining armor comes busting on to the scene.
I could use a ride on his magical unicorn stead too!
Since you seem to recognize repetiton, yet ignore it anyhow. Let me try one more time:
DOLLAR ALL TIME LOWS
GOLD ALL TIME HIGHS
INFLATION WAY UP
JOBLESS CLAIMS WAY UP
WHERE in those notices to you extrapolate ANY THING positive?
Your fall back has been "jobs jobs jobs", and now jobs are falling off a cliff, and all you can say is "call me back when it gets worse."
Pfft.
The most basic of basic fundamentals is failing BIG TIME, and all you can say is, "Small potatos".
The currency is STEEPLY down. Inflation is SHARPLY up. Jobs DOWN. Markets DOWN. Gold is WAY THE FUCK UP, and you are sitting here trying to tell me that everything is all peaches and cherries? come on.
OH. GOOD NEWS!
Erin B has her HOT RED DRESS on!
WOoo hooo!
If I opened it now would you not understand?