How do you like that FED CUT!!!
Submitted by takeaction on Tue, 12/16/2008 - 14:29Can you believe they cut the rate by that much....Gold and Silver spiked up as the dollar crashes...
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So now it begins
How predictable. A little boost for the stock market, a steady decline in the dollar and finally PM's start their incline. What else do they have left in their trick bag when the weight of the derivatives come crashing through the roof any day now? Why don't they just put their corrupt system out of its misery and be done with it. What did they lower the rate to, and why are they keeping it a mystery?
Maybe they're not giving the same rate ...
... across the board? Sounds fishy to me.
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So why don't they say what the rate is?
I'm still looking for the actual rate and so far, many sites are parroting the same phrase "Near zero" but no actual rate specified. Maybe this is by design to confuse the markets?
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On the bright side, the
On the bright side, the government is paying less to those holding U.S. debt. If the rate drops to 0% then the government needs only to pay the principle on the debt, which is still an outrageous 11 trillion, but better than having to pay usury.
grant
Off to get some Bread and Milk
I will be right back honey.....
Oh yeah....do you have some extra cash for the bread and milk...I am a little short.
http://goldprice.org/bob/uploaded_images/ZimbabweMoneyGuy-73...
Coming to the USA soon!!
FREE MONEY!
Like feeding cotton candy to babies. Watch them jump...... for awhile and then crash!
pretty
pretty soon they'll be paying banks to take their fiats.
Schiff
Says they're like kids with a chemistry set trying desperately to come up with some sort of miracle formula that will work.
But they are going to blow us all up.
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
interest rate
deflation.
“The ultimate result of shielding men from the effects of folly is to fill the world with fools.”
-- Herbert Spencer
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Has it even happened yet?
I just did a search for news stories on this on Google from the last 24 hours...
They all just referred to an "expected" rate cut...Meaning that it hasn't happened yet.
Yes - it's official
you can read the full text of the Fed's announcment here:
http://www.cnbc.com/id/28254877
Thx
.
the economy has been saved!
Let's all go shopping!
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Gold is soaring
Gold is now up $13 since the announcement. Spot is now at $850/oz.
Can't wait for the real move to be made once the inflation really kicks in!
A few more weeks and they may actually PAY you
to take a loan!
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I'm Holding Out For That
but only as long as I can get "bailed out" when I don't pay it back.
________________________________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
Can you say "PANIC" sure I
Can you say "PANIC" sure I knew you could!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
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"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
agreed
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Just like republicae said...
The feds cauldron of chaos.
What scares me more is that
What scares me more is that they are "running out of traditional ammunition" and that they may have to look towards more "unconventional" methods of quantitative easing.
And Obama's "bold" economic plan. Sends shivers down my spine.
http://federalfallacy.com
http://federalfallacy.com
That's exactly what they
That's exactly what they have been doing since September....with a hybrid quantitative easing program that have put over $1 Tillion in new money into the system. Now, from what I heard today, they will go into pure quantitative easing which will by-pass all "normal"
monetary supply processes, such as fractional reserve systems, and directly infuse money into the economy, basically they will be the Lender of Last Resort to the entire economy, every business, every consumer.
http://www.1776solution.blogspot.com
"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis
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God bless em
What a great service they are doing to this country!
http://federalfallacy.com
http://federalfallacy.com