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Fed's Latest Interest Rate Decree Issued Today - Press Conference at 2:15

WASHINGTON (MarketWatch) — The Federal Open Market Committee is expected to only tweak its economic forecasts at its two-day meeting this week, keeping all its options on the table given cross currents in recent economic data, analysts said.

Federal Reserve Chairman Ben Bernanke may use his press conference on Wednesday to clarify what conditions would warrant a change in policy, said Tim Porcelli, chief U.S. economist at RBC Capital Markets.

The FOMC starts its two-day meeting on Tuesday, and on Wednesday will announce its interest-rate decision at 12:30 p.m. Eastern.

The FOMC will then release its quarterly growth, unemployment and interest-rate forecast at 2 p.m., followed by a press conference with Bernanke at 2:15 p.m.

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Negative interest rates!!!

Negative interest rates!!! The Fed will now pay you to borrow money!

No, the Fed

will pay the banks...i think.

Things such as the "Discount Window" are to pay banks themselves

Membership has its privileges. The Fed takes care of its own.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Torture value of promissory notes @ -1% is obvious!

When "legal tender" interest rates go into negative numbers, whether it be -1% or even -99%... the stark truth of banking cons will be apparent for all to see.

Banks make-believe loans. Credit. Liquidity. Leverage.

Humbugs one & all!

The cash we receive as payment for debt is but debt itself. Absurd. Tis the same cash banks received as a gift from our Treasury when it was added to our national debt... Our national tab. The original sin of our paper-money creation.

Ron Paul, President 2012. Honest money. Responsible governance. Our troops will be home soon.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

"The original sin of our paper-money creation."

It's not "our paper-money creation." It's the Fed's paper money creation... there's a huge difference. If it was our paper money creation we could have lent that $16 trillion dollars to ourselves at little to no interest instead of lending it at little to no interest to all the big banks around the world over the last 3 years.

We could have lent that $16 trillion at little to no interest to state and local governments, private companies who produce and manufacture goods here the US, natural resource development, infrastructure, transportation, the railways, public utilities, hospitals, schools, farms, subsidized medical coverage for the poor and elderly… that $16 trillion dollars would have created jobs in the private and public sectors because the American people would respond to that massive injection of money into the real economy by starting to rebuild things, create things… extract raw resources out of the ground and use their ingenuity to convert them into highly usable goods… the service sectors would naturally respond and grow as well to facilitate the growth… that $16 trillion would have unleashed the true value that is within the American people… it’s the American people that made America once great and money in the hands of honest government can unleash that power within the people once again. But instead all the private banks around the world are getting those trillions and using it to suck the lifeblood out of the American people through debt and taxes.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

You sound like Keynes!

You said:

"that $16 trillion dollars would have created jobs in the private and public sectors because the American people would respond to that massive injection of money into the real economy by starting to rebuild things, create things… extract raw resources out of the ground and use their ingenuity to convert them into highly usable goods… the service sectors would naturally respond and grow as well to facilitate the growth… that $16 trillion would have unleashed the true value that is within the American people…"

But where does the value of those dollars derive?

Is it your wish to obtain the power required to gain directorship of this criminal perversion of economic law (theft of real value [property]) to spread the wealth in a manor more consistent with your own ideas?

Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter — by peaceful or revolutionary means — into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.

Woe to the nation when this latter purpose prevails among the mass victims of lawful plunder when they, in turn, seize the power to make laws! Until that happens, the few practice lawful plunder upon the many, a common practice where the right to participate in the making of law is limited to a few persons. But then, participation in the making of law becomes universal. And then, men seek to balance their conflicting interests by universal plunder. Instead of rooting out the injustices found in society, they make these injustices general. As soon as the plundered classes gain political power, they establish a system of reprisals against other classes. They do not abolish legal plunder. (This objective would demand more enlightenment than they possess.) Instead, they emulate their evil predecessors by participating in this legal plunder, even though it is against their own interests.

It is as if it were necessary, before a reign of justice appears, for everyone to suffer a cruel retribution — some for their evilness, and some for their lack of understanding.

http://bastiat.org/en/the_law.html#SECTION_G009

"Theft of real value [property]) ...

to spread the wealth in a manor more consistent with your own ideas?"

There is no theft taking place when money is created and lent to the people at zero or low interests from a public central bank that is owned by the same people who lent it. New wealth is generated by the activities of the true wealth holders... the people... by their labor and innovation in response to the new money. The wealth is created by the people in measure of the new money.

This is why the Canadian government was able to build the 3rd largest navy in the world using money that was backed not by gold but by the people of Canada. A huge new navy came into existence in response to paper from a printing press and because the money was almost debt free it resulted in very little debt and that debt was not owed to private banks but to the people of Canada who lent it.

This shows that the real value is not in the exchange medium but in the people who respond to it. If all the people agree to the medium (the tool used to facilitate transaction of real wealth generated from the true source of wealth… people) then if that medium is controlled by the people and not private bankers for profit, it will serve as a tool to facilitate the movement and growth of real wealth that is released by the activities of people. People are the true source of wealth. That is why God said, "Be fruitful and multiply." Money should be a servant not a master.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

I do follow what you wrote. You probably make more sense of it.

Twhether "ours" or "theirs" ... tis a big difference. Either way it is a big mess.

Tis amazing that our government:

  • First. Prints up promissory notes... cash & Treasury Bonds.
  • Second. Gifts to the Federal Reserve the cash just printed.
  • Third. Allows the Federal Reserve to buy our Treasury Bonds with the cash we just printed for & gifted to the Federal Reserve.
  • Fourth. Pays interest on this supposed new National Debt to the Federal Reserve.
  • Fifth. Expects us poor folk will someday retire that supposed National Debt before we & our children & children's children retire ourselves.
  • Launder.

I hope I did not repeat myself again.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Exactly

If it were "ours" we would have the means to get out of the mess they created.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

"The Fed will now pay you to borrow money!"

That money doesn't go to you or I... it goes to the big banks who in turn park it in T bills and take a profit from the interest... and the American taxpayer pays the interest. They always do this... almost none of that cheap money that leaves the fed gets into the real economy... it's just for the world's big banks.... risk free profits at your expense. Like the $16 trillion that they lent out for almost nothing from 2007 to 2010.... none of that went into the real economy... if it did there would be no recession. The Fed is a central bank for bankers... not the American people.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

No. The Fed passes "legal tender" out-of-thin-air" @ discount!

The Fed congers up paper-money out-of-thin-air. Then you work for it. You work to pay debt with it.

You pay the National Debt @ interest with it.

You give your blood, sweat & tear working all life long for it.

You go to banks for even more of it @ interest.

All the while not realizing "legal tender" paper-money creation was created out-of-thin-air (printed on paper or entered on bank ledger). Proposed uses include paying taxes on the very air we breath. Ashes to ashes. Dust to dust.

Ron Earnest Paul, President 2012. Honest money. Earnest president.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

haha

That's what they actually think it needs:

http://www.dailypaul.com/228144/paul-krugman-natural-rate-of...

unbelievable...0 to 1/4%?

I can't tell if they're really that stupid or just lying at this point. I can't imagine they relieve believe everything they're saying.

Are these bankers really as stupid as they seem?

Or are they just putting us on?

Whether they charge 0% or 5% or 10% or 100% for their craft... making us believe we own them a living, tis all a con. As they conger up "legal tender" out of thin air, tis only our confidence that their note... promissory note... will but something we want.. It is only when it does not, that we suspect something is amiss.

If they would be willing to loan us their promissory note at a true discount... a negative 10% say... that we would surely realize the whole banking con is just that.

"The world doesn't owe bankers a living. It was here first."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

A rate announcement? O boy, I can hardly contain my excitement..

...lemme guess: ZIRP to infinity and beyond?

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

Game plan

ZIRP to infinity
QE infinity
Dow 50,000
Gold $10,000

anyone know of a feed

for bernanke press conf.

There's two ways this could go:

1) Either the lies will continue,

2) or Ben Bernanapancakes will start concedeing that things are so flowery and bright as he's previously alluded.

Either way, I hope you're buying Bitcoins...

What's the bid in bitcoin?

What is the bid in bitcoins for an ounce of pure silver?

Ron Paul Billboards provides billboard and digital billboard designs for grassroots, PAC's and national and state level campaign organizations at no charge. Contact us at social@RonPaulBillboards.com to edit the design you choose with your "Paid for by:".

Does it really matter anymore?

You know when Dorothy discovers the wizard is really a little man behind the curtain and he panics and still tries to convince her that the wizard is real and all-powerful?

This feels like that—Awkward.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

The Wizad of Oz tale is indeed about greeen monopoly-money...

In the Original Oz book by L Frank Baum, Dorothy's shoes were silver & the yellow brick road was gold. Book, theater, & film... the despotic Monoy-Trust is played out.
-------------------------------
L. Frank Baum, Royal Historian of Oz

1900: The Baum-Denslow team produce another best seller, "The Wonderful Wizard of Oz." Having produced the nation's best selling children book for two years running, Baum's reputation as a writer is firmly established.

1902: Baum and Denslow team up with Paul Tietjens and Julien Mitchell to produce an "adultized" version of the Wizard of Oz as a musical extravaganza stage play. It becomes a major hit, touring the nation, and having a 293 night run on Broadway (1902 through 1911).

1902-1908: Baum continues to write children books under his own and various pen names. Begins the Oz series with the first sequel in 1904, "The Marvelous Land of Oz."

1910: Frank Baum and his family move to Hollywood, California. (His home there becomes known as "Ozcot".) He continues to write and publish children books.

1914: With several business associates, Baum forms the Oz Film Manufacturing Company. Their studio is located next to the Universal Film Company. They make a number of films based on the Oz books, but the movie audiences judge them to be for children and the films are not successful. At this early stage of the motion picture industry a children's market has not yet developed. In effect, Baum was before his time! So the Oz Film Manufacturing Company was sold to Universal.

1915-1919: In failing health, Baum continues to write more children books, include one Oz story each year.

1919 L. Frank Baum dies on 5 May, leaving America bereft of its most beloved storyteller of the time. His last book, "Glinda of Oz," is posthumously published in 1920.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Oz is the abbreviation of

Oz is the abbreviation of 'ounce'.

THE MORE I LEARN ABOUT GOVERNMENT
THE MORE I LOVE MY GUNS
FourWindsTradingPost

Holy Cow!!

...just blew my mind....whoa!

"Beyond the blackened skyline, beyond the smoky rain, dreams never turned to ashes up until.........
...Everything CHANGED !!

The book is about the presidential elction of 1896

Dorothy (midwestern farmer/democrat) wears silver shoes (inflationary monetary supply) to take her to the city of riches (wealth), only to find that the wizard of oz (gold/republican) is pulling all the strings behind the scenes.

Then came along Wilson, the Fed Reserve scheme and the income tax all in 1913. So in came the destructive 'progressive' era, and out went Taft, thanks to that POS Teddybear Roosevelt, cousin to FDRoosevelt.

The story of today's nanny-state, condensed. LOL.

THE MORE I LEARN ABOUT GOVERNMENT
THE MORE I LOVE MY GUNS
FourWindsTradingPost

"Lions & tigers & bears... Oh my!" ... Holy Cow?

Some flying monkeys. A tin man. A scarecrow.

        Kow:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing. I have a correspondent whose letters are always a refreshment to me, there is such a breezy unfettered originality about his orthography. He always spells Kow with a large K. Now that is just as good as to spell it with a small one. It is better. It gives the imagination a broader field, a wider scope. It suggests to the mind a grand, vague, impressive new kind of a cow. - Mark Twain speech at a spelling match, Hartford, Connecticut, May 12, 1875. Reported in the Hartford Courant, May 13, 1875

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Yay

I will stock up at 26 dollars WooT!

Last month inflation at 2%

Last month inflation at 2% and now its over 3%. Debating on QE3 or increase interest. From what I understand if the QE3 will create more inflation and temporary more jobs on the other hand increase the interest rate that will control or lower the inflation and more unemployment.

LOL LOL LOL LOL LOL LOL that's what happens when no one listen to Saint Paul.

We have debt paying debt. Inflation is increase in money supply.

A consequence of printing way to much paper-money. The 2% or 3% is reporting price increases as measured by Consumer Price Index (CPI).

In the USA & around the world, we have precious little money in circulation. Countries see to it that their national "legal tender" is the paper-money of choice... by fiat. Now we also must suffer interest rate... by fiat. So, let us ponder a University report about "legal tender" masquerading as money.

Dr Ron Paul defines inflation as "increase in money supply." The increase of Federal Reserve "Legal Tender" is way, way higher. In 2007 ~ 2008 was it running about 100% annually? We are awash with liquidity. currency flow. Cash flow. Sea of debt.

Have some fun. Take a gander at this rather conventional achedemic report & its bemusing chart depicting the whirlpool affect charting unemployment vs interest rate, whilst tagging each data point with its date. You will clearly see in this scholarly University paper a whirlpool.
Inflation and Unemployment: 1966-1984 Nation Affairs, 2011, page 60. Makes my head spin.

The Fiscal Outlook: ... Our fiscal situation is dire. The Congressional Budget Office’s annual Long-Term Budget Outlook is scary enough. Annual deficits are now running about $1.5 trillion, or 10% of GDP. About half of all federal spending is borrowed. By the end of 2011, federal debt held by the public will be 70% of GDP, and overall federal debt (which includes debt held in government trust funds) will be 100% of GDP...

We stand at the brink of disaster. Today, we face the possibility of a debt crisis, with the consequent financial chaos and inflation, that the Fed cannot control....

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Silver pump and dump

J.P. Morgan and the others in the "London Fix" and the COMEX recently injected a tremendous amount of "New" or "Naked" paper silver into the silver COMEX markets to artificially increase the supply of silver "paper", so that supply would increase tremendously, thus slashing the price.

At this FED meeting, it may affect the price of silver. If we see a sharp upturn in silver prices on the COMEX, "silver paper", if there is buying, you can be SURE that they will use one of their manipulative tools to then crash it back down again. When it breaks resistance at 30, it will drop to high 28's and then spike down, perhaps to re-test 26 levels once again, on a spike down.

The COMEX and "London Fix" marketplaces are controlled by the bullion banks which of course use "silver paper" to add digits to their dollar accounts, based on the supposed value of that "naked paper".

So every REAL ounce of bullion in their vaults supports 100 or more "fictitious, counterfeited, naked short ounces". That debt bubble in precious metals MUST be kept at a low price ratio, it cannot ballon, or every ounce of "naked short" metal then becomes more expensive as well, and increases their "short" bubble. So they can't let that happen.

Watch for a run up in silver after or on the day of the FED announcement and then WAIT, for them to slap it down with one of their manipulation tools and then buy at the lower price.

ANYTHING the FED does is good for precious metals, one just has to wait until the full effect of their announcement+shenanigans is reflected in the market price.

Ron Paul Billboards provides billboard and digital billboard designs for grassroots, PAC's and national and state level campaign organizations at no charge. Contact us at social@RonPaulBillboards.com to edit the design you choose with your "Paid for by:".