Home » Forums » Daily Paul Liberty Forum

FED's copy Worldwide banks and cut interest rates .5% to 1.5%

Submitted by Paulition on Wed, 10/08/2008 - 06:11
in
0 votes

Is that a better Headline?Lol.

»

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

only 1.5% until the FED is at 0%

Submitted by m72mc on Wed, 10/08/2008 - 07:22.

most other countries are at 4+% still...quite the difference..

/Mike

—

/Mike

Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg

Change the headline. It's a

Submitted by Jive_Dadson on Wed, 10/08/2008 - 07:08.

Change the headline. It's a coordinated rate cut by a whole bunch of central banks. A huge conspiracy. Now the race to debase is a fixed race.

We want real money not paper debt generated FRNs.

Submitted by iehuvihs on Wed, 10/08/2008 - 06:38.

Cutting the interest rate doesn't mean more inflation. In some cases it controls inflation, especially when the government has a 11 trillion dollar debt for which it has to pay out interest to it's creditors. If they raise the interest rate, then the interest they pay on the debt is higher. We the people can keep inflation down by not borrowing money, and thereby prevent credit generated inflation. Real inflation will be when the treasury decides to just turn on the printing press without issuing more treasury bonds. Of course the Chinese government and other foreign central banks could begin to spend the trillions of dollars they have in reserve and that will be the beginning of hyperinflation.
grant

They had a globally coordinated rate cut party at 7 AM ET

Submitted by Daddy WarBucks on Wed, 10/08/2008 - 06:32.

*CENTRAL BANKS ISSUE JOINT STATEMENT ON CO-ORDINATED RATE CUTS
- Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets.
- Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy and other commodity prices. Inflation expectations are diminishing and remain anchored to price stability. The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability.
- Some easing of global monetary conditions is therefore warranted. Accordingly, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, Sveriges Riksbank, and the Swiss National Bank are today announcing reductions in policy interest rates. The Bank of Japan expresses its strong support of these policy actions.

~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com/webintro.php?view=wmv

"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton

"Committed To The Eradication Of Poverty Among Patriots"

—

"GINO" = Government In Name Only

(CH) REPORTEDLY CHINA WILL

Submitted by Daddy WarBucks on Wed, 10/08/2008 - 06:36.

(CH) REPORTEDLY CHINA WILL CANCEL DEPOSIT INTEREST TAX BEGINNING THURSDAY - CHINESE PRESS

~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com/webintro.php?view=wmv

"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton

"Committed To The Eradication Of Poverty Among Patriots"

—

"GINO" = Government In Name Only

yeah, China is taking a hit

Submitted by ironman77 on Wed, 10/08/2008 - 06:59.

Since they are worried we will not be uying their cheap crap anymore, and that our debt is not worth much.

Let's add

Submitted by dducks on Wed, 10/08/2008 - 06:22.

more borrowing and spending and moral hazard to a system that's underlying problem is borrowing and spending and too much moral hazard.

END THE FED

FED controls the rate, yes.

Submitted by RonPaulSwede on Wed, 10/08/2008 - 06:17.

But if you lower interest rates then you just print more money = inflation ;).
We are back to where we started.

—

~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~

All I can say is...

Submitted by Paulition on Wed, 10/08/2008 - 06:24.

Oh just great :(

~We are the Revolution~

—

~We are the Revolution~