Dollar slips as Bernanke hints of more economic stimulus
derryb
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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<< <i>And gold hits new high
And Barney Frank calls the the Fed's efforts "a great success."
Barney Frank is making Barney Fife and Barney Rubble sound like the smartest Barney in the room. He is so awful.
Ron Paul on deck to grill.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Bernanke: No
Paul: Why does the Fed hold gold, why not diamonds?
Bernanke: Tradition
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Ron Paul- "Is gold money?
The Beard- "no"
MJ >>
Beat ya to it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Ron Paul- "Is gold money?
The Beard- "no"
MJ >>
Beat ya to it. >>
I'm in China so my written words have further to travel. Watching this debacle is like a 2011 version of the Twilight Zone. This is obviously being blocked out in Baleyville in favor of the I Love Lucy episode with the chocolate conveyor belt. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The Beard- "no"
Unbelievable..... The government monetizes (not a real term, but popular) gold eagles, and yet he says no.... and Greenspan - who, as an economist is head and shoulders above Bernanke - has publicly stated the exact opposite.
Cheers, RickO
<< <i>Paul to Bernanke: Is gold money?
Bernanke: No
Paul: Why does the Fed hold gold, why not diamonds?
Bernanke: Tradition
>>
Far more honest answers are that gold is mone only to the degree everyone thinks it is and it's held because if real money goes bad from politicians wasting it then gold's value will be more widely seen and provide a means to establish a new money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>And gold hits new high
And Barney Frank calls the the Fed's efforts "a great success."
They ARE succesful if you are looking at this from a standpoint of destroying what used to be the most free place in world history. And they are soooooo fking good at it, people are equating socialism with freedom in America and many people are so mentally gone they call these guys and what they are doing stupid.
It's all anything but stupid. NOBODY is this "stupid". This is all part of a plan.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
But what did QE2 get us?
I hope they don't do it.
If they don't do QE3, easy come, easy go on the PM prices. I see them both taking huge hits.
We have to keep all options open.
<< <i>will there be a QE3? >>
I believe the PM markets today are saying yes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
(not that it's not entertaining to visit here on occasion and read posts from millionaire midases who are lamenting how miserable America is, how stupid the leaders, how clueless the citizens)
And before Gecko chimes in and says, "oh, so everything's perfect is it?" No, it's not perfect. Just because it's not the worst possible doesn't mean it's perfect.
Hope everyone is using the Markets to their full advantage!
Liberty: Parent of Science & Industry
it is awesome that you don't own the US dollar then as it's getting murdered. Good foresight and well done. Now get back out there and play with the kids! MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Bumper sticker, "Big B Luvs Q3". >>
You bet I do.
of course not, I read on here that it's going extinct, so I sunk excess cash reserves into the risk trade (primarily cutting edge medical stocks) and a new kitchen for the family.
ROI of happy wife with new gas stove? hard to calculate percentage upside on immesurable home cooking and off the charts bedroom time
Liberty: Parent of Science & Industry
<< <i>you don't own the US dollar then
of course not, I read on here that it's going extinct, so I sunk excess cash reserves into the risk trade (primarily cutting edge medical stocks) and a new kitchen for the family.
ROI of happy wife with new gas stove? hard to calculate percentage upside on immesurable home cooking and off the charts bedroom time
good returns there!
Anyone have one of those induction cooktop stoves? I've heard it takes just a minute or two to get water boiling with one of those.
<< <i>
<< <i>you don't own the US dollar then
of course not, I read on here that it's going extinct, so I sunk excess cash reserves into the risk trade (primarily cutting edge medical stocks) and a new kitchen for the family.
ROI of happy wife with new gas stove? hard to calculate percentage upside on immesurable home cooking and off the charts bedroom time
good returns there!
Anyone have one of those induction cooktop stoves? I've heard it takes just a minute or two to get water boiling with one of those. >>
I missed the curve on that. First kitchen I had remodeled went with all Miele appliances but the next one I had gas so I bought a DCS dual fuel stove. 100 G's for a kitchen and let me tell you I made some incredible bacon and eggs !
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I knew it would happen.
<< <i>you don't own the US dollar then
of course not, I read on here that it's going extinct, so I sunk excess cash reserves into the risk trade (primarily cutting edge medical stocks) and a new kitchen for the family.
ROI of happy wife with new gas stove? hard to calculate percentage upside on immesurable home cooking and off the charts bedroom time
See, there is hope for you yet!
One day when you're running late from work and on your way home you should call your wife and say, " Hey Mrs. Baley, why don't you hop up on that new gas stove of ours and warm up my dinner".
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
But back to OP, of course the Fed is going to increase liquidity in economic funk times, then, later during bubble times, tighten credit and suck it all back in, and then that will be the "CRISIS! du jour.."
Liberty: Parent of Science & Industry
<< <i>Paul to Bernanke: Is gold money?
Bernanke: No
Paul: Why does the Fed hold gold, why not diamonds?
Bernanke: Tradition
Technically Bernanke is correct. Gold is no more money than human labor is money. Both can be exchanged for goods or services. Both have a value that can be measured against other assets. Both are freely accepted.
Knowledge is the enemy of fear
<< <i>Technically Bernanke is correct. Gold is no more money than human labor is money. Both can be exchanged for goods or services. Both have a value that can be measured against other assets. Both are freely accepted. >>
Technically gold and silver were money for thousands of years as coinage was made of them. Central banks in recent years put an end to this in order to assign artificial value and demand to their pieces of paper. Historically all paper money eventually evaporates to nothing but pieces of paper. Gold is the world's actual reserve currency. This is why central banks stockpile gold. Attempts by Iraq, Iran and Libya to use gold in lieu of dollars in the oil market have been met with military threat and actual force. Central banks are much more powerful than many believe. The last US president to attempt to fight the Fed met his death shortly after having currency printed that read "United States Note" rather than "Federal Reserve Note."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
ALL? really? What about all the collectible obsolete currency "worth" many multiples of face? or by "all" did you mean "all except for all of the exceptions"?
Liberty: Parent of Science & Industry
<< <i>Historically all paper money eventually evaporates to nothing but pieces of paper
ALL? really? What about all the collectible obsolete currency "worth" many multiples of face? or by "all" did you mean "all except for all of the exceptions"? >>
Such collector currency has "worth" many times face BECAUSE it became obsolete.
Obsolete (def.) - adjective
1. no longer in use
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Bernanke attempts to slow down metals >>
He's not doing a very good job of that. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>Bernanke attempts to slow down metals >>
He's not doing a very good job of that. MJ >>
And that's OK! I hope he schedules more !
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Debt ceiling problem solved! >>
"My brain hurts!"
Prof. Gumby
<< <i>Wow. Why didn't we think of that
MJ >>
I think that if you or I tried it we'd get arrested.........
(anybody got a good smoke and mirrors icon we can borrow?)
<< <i>Debt ceiling problem solved! >>
But what would prevent the FED from issuing more debt?
A better, more permanent solution, would be to completely end medicare and social security payments. Then when all the old and sick die off, the problems will truely be solved.
The above is to be interpreted facetiously, but is just as rational and carries the same consequences as Paul's proposal.
Knowledge is the enemy of fear
<< <i>
<< <i>Technically Bernanke is correct. Gold is no more money than human labor is money. Both can be exchanged for goods or services. Both have a value that can be measured against other assets. Both are freely accepted. >>
Technically gold and silver were money for thousands of years as coinage was made of them. Central banks in recent years put an end to this in order to assign artificial value and demand to their pieces of paper. Historically all paper money eventually evaporates to nothing but pieces of paper. Gold is the world's actual reserve currency. This is why central banks stockpile gold. Attempts by Iraq, Iran and Libya to use gold in lieu of dollars in the oil market have been met with military threat and actual force. Central banks are much more powerful than many believe. The last US president to attempt to fight the Fed met his death shortly after having currency printed that read "United States Note" rather than "Federal Reserve Note." >>
Before there was gold or silver or paper, there was human labor and innovation. Gold did not take on value until organized religion became untrenched. Remove gold/silver/paper from the face of the earth and you still have human labor. Remove humans from the earth and what is the value of gold/silver/paper?
Knowledge is the enemy of fear
Gold is better then folding money. The end. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
It's broke so they continue to break it more.
I'm combing the beach right now as i'm typing this post.
Camelot
<< <i>If we can not raise the ceiling, should we consider dropping the floor?
I like the idea that the Fed should just burn the imaginary T-bills it bought from the Treasury, thereby reducing the National Debt, and then it can buy more imaginary T-bills from the Treasury.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>The Swiss Franc closed at an all-time high against the dollar on Friday. MJ >>
There was an inter-day high above $1.23 on Thursday.
Could match the Euro within a month.
TD
Is this part of the reason we are messed up in the Libya fighting? I've been quite puzzled why we are involved there; makes absolutely no sense to me.
Would that make the Chinese happy? Or would that trash the market for T-bills? Would rates go up because of demand destruction, or would rates go down because of a perceived decrease in the risk premium?
They can't go down, because they already are. They can't go up because the payments on the outstanding debt obligations would explode.
This is probably the end game for what happens when private bankers start playing games with imaginary paper assets and then dump their obligations on the government lackeys who turn around and dump the whole mess on ordinary people who actually work for a living. It's been 98 years now.
I knew it would happen.
<< <i>I like the idea that the Fed should just burn the imaginary T-bills it bought from the Treasury, thereby reducing the National Debt, and then it can buy more imaginary T-bills from the Treasury.
This is probably the end game for what happens when private bankers start playing games with imaginary paper assets and then dump their obligations on the government lackeys who turn around and dump the whole mess on ordinary people who actually work for a living. It's been 98 years now. >>
This is probably one of the most concise, simple to understand, and accurate analysis of the "endgame" I have read Jmski. Thanks.
Miles
<< <i>The Swiss Franc closed at an all-time high against the dollar on Friday. MJ >>
Back up over $1.23 Sunday afternoon.
Camelot