The Fed Panics!
Submitted by Michael Nystrom on Fri, 08/17/2007 - 09:57 Bio | Blog | dailypaul.com | bullnotbull.com
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Although the initial reaction is one of euphoria, today's surprise discount rate cut by the Federal Reserve may have unintended consequences. In fact, it will likely be the trigger for the next leg down in the unfolding bear market.
For one thing, the move suggests that policymakers are worried -- really worried -- about the state of the economy, despite repeated assertions to the contrary. That is likely to force a rethink by nervous bulls in corporate America and elsewhere who have reluctantly accepted the party line that all is well.
You betcha
They were between a rock and a hard spot before, but they're going the route they've always taken: re-nege on the debt to foreigners (bankruptcy ~ again), and confiscate the wealth/assets of WE THE PEOPLE. By the way, where is OUR gold/silver? What hard assets are they going to forfeit this time? Nice to see you all again ~ we've been busy in MT trying to separate the People from the sheep (Ron Paulin' it!). Support and awareness sure is growing! Go Ron Paul Go!
Update: here's a bit of the forfeit: www.dailypaul.com/node/1459 (some really good reading links here!)
I think the Fed understands the issue more than they let on...
I think it is in the goal of the central and world bankers to intentionally crash the dollar. (engineer the problem, and pretend to engineer a solution) I think it is a calculated effort to purposely allow the dollar to crash so that the public, clamoring for a solution, will be more readily willing to accept the concept of the NAU and Amero currency. I believe they want to bring desperation to the people so that we have no choice but to submit. ...As if we really ever had a choice. I remember a quote somewhere to the tune of, "One global government is coming, whether by consent or conquest".
This bunch of articles
Is also good background (from afar -- Ambrose Evans-Pritchard) first:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/...
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/...
and Antal E. Fekete
http://news.goldseek.com/GoldSeek/1187193600.php
and this team-article:
http://www.ft.com/cms/s/cc9d0262-4c25-11dc-b67f-0000779fd2ac...
tell the ugly story!! Also note, a few weeks ago or less, Cramer was suggesting Countrywide because they had almost no subprime exposure. Apparently, that's not mattering anymore...
JMR