Bernanke and Fed Special report at noon on MSNBC
Posted February 7th, 2008 by Temporalist
output
They just advertised it coming up at noon. Who is watching Fed? Who is in Bernanke's inner circle? What are they telling him?
I'm interested to see what this is about thought I'd let you all know.
*Update* Just wanted to include the date is Thurs. Feb. 7
Bookmark/Search this post with:
Maybe Benochio will announce that he's decided
to convert his assets, if he already hasn't, into Euros or metallic specie.
:)
It's like the US is Europe's Mexico
Looks like Europeans can just hop the pond to the US to buy wool blankets and cheap liquor just like we used to do in Mexico.
Pretty soon they are going to have to increase their border security to stop undocumented Americans from flooding into Europe and doing the jobs that Europeans don't want to do.
Americans are too ignorant
Americans are too ignorant and lazy to pose that type of threat.
Noon what timezone?
I thought it would be ET, but MSNBC hasn't mentioned a thing so far (EXCEPT ROMNEY "SUSPENDING" CAMPAIGN).
Was a CNBC story at noon(ish) EST
Bernake's date-book via freedom of information act request shows who he is consulting with; 42 people as I recall. President, Leaders of Business etc. There is an announcement at 2:15 EST I believe.
Can not find a thing on it either
anybody out there?
A European airline is
A European airline is offering a special flight from Germany to New York for 200 euros.. so people can go shopping due to it being so 'cheap' in the US now.
True that! Just to give you
True that! Just to give you an example: the prices on clothing is less than half compared to Europe.
Last time I checked the going rate for a pair of Levi's jeans or Dockers pants was at least €60 ($87).
(it's been a while since I bought clothes; I'm a man. If I need clothes I buy 10 at once and have enough for 5 years)
Convert prices to Dollars and you can see why the Europeans are flocking to the States for bargains. You'd be NUTS not to.
Just got back
from Costa Rica....and for the first time, I went to pay for something...and guess what....they refused to take my US Dollars. I asked why? and they said the dollar is falling too fast, and we don't want them. What a wake up call.
They scoffed at dollars in
They scoffed at dollars in China 8 years ago when I lived in Asia full time.
Gold baby! That's real money.
Try us
Try us at
http://www.usrarecoininve...
Ouch!
I've heard similar stories from friends overseas... they say the dollar is crap now. I guess the American public will be the last to figure this out... when we're buying 12 dollar bread.
why meeting with head of Ford Cisco etc?
anyone
Dunno
But I can certainly speculate... LOL
"Euros Accepted" signs pop up in New York City
http://news.yahoo.com/s/n...
Wow, listening to CNBC report !
Great, next we'll see knuckle-heads burning euros in protest...
WAKE UP AMERICA - YOU'VE BEEN F_CKED
There will be protests I think
this can't lead to anything good.
It just has to happen.
They can protest all they want, but it will only put it off until later.
Shows where the dollar is going..
I wonder if the powers that be will crack down on that.. can't have people thinking the dollar isn't any good... oO
Well the machine will not want it
The protests will be from ill informed "Patriots" and henchmen.
LOL
Right?.. there will be cries of ~It's not American!~
I wish people would wake up.. I think the economy is gonna do that.
If you're listening now to Seidman
the sub-prime problem is only at it's starting point. The banks are going to start hurting even more.
True
it's actually a lot of factors.. the problem is they are all hitting too close together for anything to be done about them at this point besides another artificial correction... but they are running out of correction options.
Where? I dont know what
Where? I dont know what channel is announcing this.. would like to watch n see
MSNBC
Cable or satellite television.
Check the internet for local listing.
CNBC
not ms
Bourse to be set by Feb 19th
Could be March for dollar impact?
http://www.presstv.ir/det...
Bourse opening slowed by cable cuts?
I think my archives indicated an initial opening date of 2/11. Did cutting the cables "succeed" in slowing down the opening?
Not positive
But I'd say yes, as a personal opinion.. it just makes sense. Those lines were Iran's SWIFT connection (how they online transact).
Nice..
My birthday of all the days..
I think it will happen that day
Perhaps even all during that week people will start to get it and start panicking.
Another thing
On the whole perfect storm scenario.. we're probably going to lose AAA credit ratings around the end of Feb as well. A double whammy.
They just said the WSJ Washington Bureau chief will be on
in the special report.
They have Bernanke's appointment book and know who he's having lunch with so they will make assumptions about his decision making process and how these people play a roll.
We'll see if this is actual news or not.
Iranian Oil Bourse
Will the Iranian Oil Bourse, scheduled to open on 2/11, be mentioned in any way? That may be the "body slam" for our economy/country.
It will require payment for oil to be made *not* in US dollars.
See related threads and online news articles about the undersea cables cut and the bourse.
Possibly
It's one of the few major factors in play right now... the Bourse going up will be fatal to our markets and the world's at the same time.
Watching the Dow down again today as we speak... Brazil down almost 800 points, Europe down, Africa down, Middle East down, Canada down, Mexico down.. wonder if this is a trend...lol
What world market site do you recommend?
I have Bloomberg.com up in the background.
Is there a better one? They all seem to have the 15-20 minute delay built in.
I run a MarketBrowser
program and just plug the foreign markets in, so I can watch em in the toolbar.. ;)
There has been talk
Of Bernanke lowering the rate another .5 ... serves the US right if he does.
What happens when it's 0%
Maybe they are killing themselves? And I'd have to say we have Dr. Paul to thank for opening the financiers eyes about this or at least making people aware enough to ask questions in public. And thanks to Jim Cramer too since he has such an audience.
It doesn't have to reach 0%
If the inflation rate is greater than the interest rate, then US issues (notes, bills and bonds) effectively pay negative interest. So if the interest rates drop a bit more, no one will buy US bonds and the dollar's value will plummet. I'm not sure what the break-even point is, but it's probably above 2%.
Like others have said, the Iran Oil Bourse will also have a big impact. This video gives an idea why: http://www.youtube.com/wa...
I was being facetious
but thanks for giving the closest correct numbers.
I was told that 2.25% would be the break
and we're damn close... good post flavio!
Can our rate go *negative*?
I'm only half being facetious!
Would that mean that the Fed would have to *pay* interest for others to take our money?
Or to even keep what they already have?
0%
What a situation, when we have to borrow to survive,
What is worse is when someone borrows on our behalf,
Without conscience, the more we borrow the less our income,
the less our income the more we are forced to borrow.
Until all we have is debt....
Where have the property and savings of America gone?
Sold to the brilliant Keynesian minds along with our freedom.
Well
The market should have already crashed, to be honest... and no idea how long it can be propped up at this point. It's fun to watch, in a morbid sort of way... I personally think that the powers that be overplayed thier hand on this one. The infrastructure that they need to pretty much seal our fate isn't totally in place yet... an actual worldwide depression will give the Remnant a chance at fixing things, I think. Not a Christian, but do believe in a higher power.. and it seems that the timing will be perfect for a few to be able to overcome the plans of many in the near future.
That is what I think too
the decay may be imploding--and the plot thickens--------
Devon, you are right on
I have agreed 100% with your posts since I started on this site. I believe a serious crash of the markets would have taken place on the Tuesday after MLK day without the manipulation of the prime and the manipulation by the PPT. There is almost nothing but serious negative economic news coming out daily and the if the markets were allowed to naturally compensate, we would be seeing all hell break loose right now.
After MLK day we should have opened at -1200
On the Dow.. a rate cut helped a little, but there was supposedly (can't back it up, was told by my Dad) almost 60 billion dropped into the markets that morning from overseas... now the Fed reserves is in the red for the first time in recorded history. Not a coincidence...lol
It's gonna be a too little too late deal. Unfortunatley, the onlly thing that MAY possibly hold all this crap together is whacking Iran out. Even then, it's only going to delay the correction.. blah.
I don't LIKE to be the guy that runs around and says the sky is falling... but I can SEE the damn thing falling soOo.. ~shrug~
Since you believe in a higher power
too lets hope it comes between them using Iran as the next scapegoat. I use the word them because ' we ' are not in the decision process anymore. Congress is not even included.
The situation
has changed over there since a month ago... Russia stated that THEY will not take off the table a pre-emptive nuclear strike, Iran is a Russian ally, basically, and Iran has promised that if something bad happens there that one American major city will be nuked. So it's not straight-foreward anymore.. but it's still a mess.