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News Flash from CNBC

jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
in Precious Metals
10 seconds ago...

"The ultimate solution to Europe's problems is printing currencies, and that is why you see the commodities rising....."


(no joke, Batman!)image
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • mixmanmixman Posts: 111
    Just Europe CNBC?
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Not only that, but just a few minutes earlier one of the CNBC guests was talking about the need to bail out the European Central Bank.

    It's an interesting world we live in.

    The ink isn't even dry on the first US debt downgrade in history, and they are already harping on ways to spend more.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Both Greenspan and Buffet said this weekend that we should just print more(!)
  • drwstr123drwstr123 Posts: 7,037 ✭✭✭✭✭
    Ah...the beauty of a fiat currency.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭
    Nothing new here. I'll perk up when they start printing gold.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • stevekstevek Posts: 28,966 ✭✭✭✭✭


    << <i>Nothing new here. I'll perk up when they start printing gold. >>



    This administration probably has alchemists at work trying to do that. image
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Both Greenspan and Buffet said this weekend that we should just print more(!) >>



    Helicopter Ben agrees with these pin-heads.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • stevekstevek Posts: 28,966 ✭✭✭✭✭


    << <i>10 seconds ago...

    "The ultimate solution to Europe's problems is printing currencies, and that is why you see the commodities rising....."

    (no joke, Batman!)image >>



    Too pathetic for words.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Nothing new here. I'll perk up when they start printing gold. >>



    Oh to be Rumplestiltskin, eh!!!
    theknowitalltroll;
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Well, it was a good thing we got that comforting and reassuring speech from the President Sunday night that all will be well and America is a great and resilient country.
  • drwstr123drwstr123 Posts: 7,037 ✭✭✭✭✭
    DOW ↓315
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    S&P says that they might downgrade US debt again in November. S&P downgrades Fannie May (geez - about time, ya think?)

    DOW down 330 pts.

    CNBC commentary @11:05 Eastern Time - "Investors Rush Into Gold and Bonds"

    Bonds? BONDS? Help me out here - BONDS??????
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BearBear Posts: 18,953 ✭✭✭
    I know how to turn gold into lead. Wish how to get it to work

    in the opposite?



    Rush to security. Gold & Silver up

    as well as the good old U.S. Green Backs.
    There once was a place called
    Camelotimage
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Good deal on the MOH Gold Commemoratives. I think they are going to pull these. Just bought two anyway cause I like the design. I pulled out of stocks on Friday. Don't know if I should pull out of bonds yet.
    Montana State Quarter Die Clash

    Box of 20
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>S&P says that they might downgrade US debt again in November. S&P downgrades Fannie May (geez - about time, ya think?)

    DOW down 330 pts.

    CNBC commentary @11:05 Eastern Time - "Investors Rush Into Gold and Bonds"

    Bonds? BONDS? Help me out here - BONDS?????? >>




    Bonds? YES BONDS!!! Because in a deflation even 1% is a good yield.

    The FED and ECB and JCB can print all the paper they want. Those actions will not promote growth. And without velocity, will not create inflation.



    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>

    << <i>Nothing new here. I'll perk up when they start printing gold. >>



    This administration probably has alchemists at work trying to do that. image >>



    I think they figured out how to do that long ago, with tungsten.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    The king is scheduled to speak at 1:00pm EST about the situation:

    Here is my guess as to the main topics he will blame...

    1. The Tea Party and Republicans

    2. The rich and their corporate jets

    3. Wall Street

    4. The Europeans even though he wants us to be like them

    5. George Bush

    IE: Almost anyone and everyone but himself.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    NEWS FLASH:
    U.S. has contracted China to help with printing more FRNs,
    not enough presses at the BEP. BEP is shipping plates to China now.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    <<NEWS FLASH:
    U.S. has contracted China to help with printing more FRNs,
    not enough presses at the BEP. BEP is shipping plates to China now.>>

    Invest in Crane Paper, unless the Kennedys have all the stock already.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭


    << <i>The king is scheduled to speak at 1:00pm EST about the situation:

    Here is my guess as to the main topics he will blame...

    1. The Tea Party and Republicans

    2. The rich and their corporate jets

    3. Wall Street

    4. The Europeans even though he wants us to be like them

    5. George Bush

    IE: Almost anyone and everyone but himself. >>



    Great summary but let's not be too harsh on the Dear Leader. He did win that Peace prize.

    Since he was immaculated in Jan 2009 his policies have done wonders for the price of gold.....and warmed my wallet nicely.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • BigEBigE Posts: 6,949 ✭✭✭
    Buy cotton futures! How many bales does it take to print a billion in hundred dollar bills? On second thought, maybe they will just start shredding used Levisimage---------BigE
    I'm glad I am a Tree
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Another News Flash

    ECB is bailing out Italy and Spain.

    Credit default swap interest rates on French debt is at an ALL TIME HIGH.

    Spreads between German and French debt is at an ALL TIME HIGH.

    Stay in paper assets at your own risk. Just one man's opinion.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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