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$$$ 13 year high, but why

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posted on Nov, 17 2016 @ 07:21 AM
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I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant

Gold has remained reasonably stable considering

How does that work, what next, peace?

Is there hope in the US economy, is US currency a safe investment

I can't imagine $US currency rising of the back of Hillary




posted on Nov, 17 2016 @ 07:24 AM
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a reply to: Raggedyman

The dollar is at a high because Trump has signaled he will increase interest rates which will decrease the price of gold which conversely will raise the dollar.



posted on Nov, 17 2016 @ 07:37 AM
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originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant

Gold has remained reasonably stable considering

How does that work, what next, peace?

Is there hope in the US economy, is US currency a safe investment

I can't imagine $US currency rising of the back of Hillary


First , what countries are terrified? All I see is most of the Indigo Delta Ten Tangos in this country on the streets acting like they always do when they cant get their way

The market - reaction to Trump's plan of lowering taxes and putting a nice interest rate up there. Instead of 0% (well nearly) Putting both of these in place kinda brings a cash flow back to the country

When it fell , I woke my investment manager up and told him buy lots of good stock. I had just transferred a good sized chunk o change to the account. He did. Now , I am walking around with a smarter snap to my walk

I told everyone that was a "Freakin Good Time to buy" . When everyone was "descrying" the end of the world was upon us



posted on Nov, 17 2016 @ 08:00 AM
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a reply to: AugustusMasonicus

hows that work out? cuz every time interests rates were kept artificially low there was a collapse right after they were raised.



posted on Nov, 17 2016 @ 08:05 AM
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Interest rates will have to go up.
The world is dumping U.S. Treasuries (debt) at a phenomenal rate.
There's really no choice.
But the rate hike is also going to be devastating.

Buck



posted on Nov, 17 2016 @ 08:13 AM
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a reply to: Raggedyman

Its just part of a secular bull market that began in 2009, combined with artificially low interest rates (free money). The free money is coming out of bonds and going into equities on the prospects of rising interest rates.

Housing starts are way up as reported today. Housing is always the last thing to recover. That signals we are approaching the end of this secular bull market and that the economy will go into recession in 2019. You dont want to buy much in the stock market now except maybe tech on dips and utilities as they decline in investor interest, with people selling safe haven dividend stocks to chase momo stocks like Apple, Facebook and a handfull of others.



posted on Nov, 17 2016 @ 08:42 AM
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a reply to: AugustusMasonicus

Exactly.

Ahhhh, the almighty gold standard.

But what gold though, Fort Knox?
lol.



posted on Nov, 17 2016 @ 09:21 AM
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a reply to: AugustusMasonicus


The dollar is at a high because Trump has signaled he will increase interest rates which will decrease the price of gold which conversely will raise the dollar.


last i read or heard the fed is a private bank, they are the ones who will raise the interest rates. trump can only request that they raise it. they don't have to do as he says or asks.

to get down to the nitty gritty, the fed has a board of governors who are not required to answer to trump or congress when making decisions.

now he can nominate people to the board, and they have to be approved by the senate, but here is the kicker, they serve for 14 years and cannot be removed for their views and policies.

first a wiki cause it's fast,

The Board of Governors is an independent governmental agency consisting of seven officials and their support staff of over 1800 employees headquartered in Washington, D.C.[10] It is independent in the sense that the Board currently operates without official obligation to accept the requests or advice of any elected official with regard to actions on the money supply,[11] and its methods of funding also preserve independence. The Governors are nominated by the President of the United States, and nominations must be confirmed by the U.S. Senate.[12]


and straight from the horse's mouth.

The full term of a Governor is 14 years; appointments are staggered so that one term expires on January 31 of each even-numbered year. A Governor who has served a full term may not be reappointed, but a Governor who was appointed to complete the balance of an unexpired term may be reappointed to a full 14-year term.

Once appointed, Governors may not be removed from office for their policy views. The lengthy terms and staggered appointments are intended to contribute to the insulation of the Board--and the Federal Reserve System as a whole--from day-to-day political pressures to which it might otherwise be subject.

In addition to serving as members of the Board, the Chairman and Vice Chairman of the Board serve terms of four years, and they may be reappointed to those roles and serve until their terms as Governors expire. The Chairman serves as public spokesperson and representative of the Board and manager of the Board's staff. The Chairman also presides at Board meetings. Affirming the apolitical nature of the Board, recent Presidents of both major political parties have selected the same person as Board Chairman.
Who are the members of the Federal Reserve Board, and how are they selected?


so even if he was to nominate someone, he has to wait until someones 14 years are up and then just one person would probably do little to towards instituting his policies.

edit on 17-11-2016 by hounddoghowlie because: (no reason given)



posted on Nov, 17 2016 @ 09:22 AM
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originally posted by: Gothmog

originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant

Gold has remained reasonably stable considering

How does that work, what next, peace?

Is there hope in the US economy, is US currency a safe investment

I can't imagine $US currency rising of the back of Hillary


First , what countries are terrified? All I see is most of the Indigo Delta Ten Tangos in this country on the streets acting like they always do when they cant get their way

The market - reaction to Trump's plan of lowering taxes and putting a nice interest rate up there. Instead of 0% (well nearly) Putting both of these in place kinda brings a cash flow back to the country

When it fell , I woke my investment manager up and told him buy lots of good stock. I had just transferred a good sized chunk o change to the account. He did. Now , I am walking around with a smarter snap to my walk

I told everyone that was a "Freakin Good Time to buy" . When everyone was "descrying" the end of the world was upon us



What countries?
You must be very isolated from the world and the news
What countries indeed



posted on Nov, 17 2016 @ 09:33 AM
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originally posted by: Raggedyman

originally posted by: Gothmog

originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant

Gold has remained reasonably stable considering

How does that work, what next, peace?

Is there hope in the US economy, is US currency a safe investment

I can't imagine $US currency rising of the back of Hillary


First , what countries are terrified? All I see is most of the Indigo Delta Ten Tangos in this country on the streets acting like they always do when they cant get their way

The market - reaction to Trump's plan of lowering taxes and putting a nice interest rate up there. Instead of 0% (well nearly) Putting both of these in place kinda brings a cash flow back to the country

When it fell , I woke my investment manager up and told him buy lots of good stock. I had just transferred a good sized chunk o change to the account. He did. Now , I am walking around with a smarter snap to my walk

I told everyone that was a "Freakin Good Time to buy" . When everyone was "descrying" the end of the world was upon us



What countries?
You must be very isolated from the world and the news
What countries indeed

I see no answer . Or is it hidden ? Secret Spy style ? Coded in your post ?
You still using that old Cracker Jack surprise toy ring ?

edit on 11/17/16 by Gothmog because: (no reason given)



posted on Nov, 17 2016 @ 09:35 AM
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originally posted by: Raggedyman
Gold has remained reasonably stable considering


Gold is going to be a interesting thing to watch. gold goes up when faith in currency and credit goes away, and I could name just as many factors on what would bring faith in credit and currency as much as no faith. globally we may end up in a recession due to things like brexit and the like, and that will certainly raise up gold, however the US may have its biggest investors, lead by the no longer fearing apocalypse right wing, tank it.

will sit back and enjoy the ride either way. I know how to hunt, and make art..so I am good whichever way society goes as a whole..be it utopian futureland or dystopian mad max wasteland



posted on Nov, 17 2016 @ 10:19 AM
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originally posted by: AVoiceOfReason
hows that work out? cuz every time interests rates were kept artificially low there was a collapse right after they were raised.


When interest rates are increased it causes a shift from commodities to real estate as mortgage rates climb. They are already back up to 4% on a 30. If raised gradually there is no collapse.



posted on Nov, 17 2016 @ 10:21 AM
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originally posted by: hounddoghowlie
last i read or heard the fed is a private bank, they are the ones who will raise the interest rates. trump can only request that they raise it. they don't have to do as he says or asks.


He can appoint a new Fed Chairman who will follow his fiscal policies. The President and the Secretary of the Treasury set the countries fiscal policy, not the Federal Reserve.



posted on Nov, 17 2016 @ 11:00 AM
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I think it is optimism. People believe Trump will usher in a wave of optimism in regards to the economy. People feel good, they spend money. Businesses believe stifling regulations will be rolled back. Tax policy will be more favorable.

Businesses have been managing defensively over the past 8 years. They've been afraid to invest since they didn't know how much Obama and liberals would cost them in terms of regulations and other barriers. Businesses now feel like Trump will have government get out of the way, so now they will want to invest in capital projects, etc.

Business and markets want stability. The last eight years have been anything but stable with the bureaucrat regulatory regime. The low rate environment helps the casinos on Wall Street, but hasn't done anything for getting businesses and banks to lend to main street.



posted on Nov, 17 2016 @ 02:49 PM
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a reply to: AugustusMasonicus

no he can't they have to come from the board of governors those are his only choices. he can pick a new chairman form the board, only after the sitting chairs appointment is done.

think about it if they serve a term of 14 years, some of them are going to lap presidents while serving on the board.

now if one of the governors kills over or steps down he can appoint another. then that person finish out the term of the governor they replace and can be appointed for a full term.


The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[8] By law, the chair reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.



Appointment process As stipulated by the Banking Act of 1935, the President of the United States appoints the seven members of the Board of Governors; they must then be confirmed by the Senate and serve fourteen year terms.[7][1]

The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[8] By law, the chair reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.
Chair of the Federal Reserve


the president cannot just choose who he pleases. he must choose from the board who serve 14 year terms after being confirmed by the senate and cannot be removed once appointed. the chair cannot be replaced until their term is over. that's the way it is setup no matter how hard you try to make it other wise you can't.

example Bernanke was appointed in 2005 by bush, he was reappointed by obama in 2009 by obama when his first four year term as chairman was over during his 14 year term as a governor . the president cannot remove a sitting chairman until his term is up.

another one example is the current chairman,Janet Yellen. her term is up feb3,2018
here from the horses mouth,

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018
Janet L. Yellen


ETA: The Federal Reserve Reform Act of 1977 required the President's designation of the Chairman and the Vice Chairman to be by and with the advice and consent of the Senate.

again from the horses mouth.


: The Federal Reserve Reform Act of 1977 required the President's designation of the Chairman and the Vice Chairman to be by and with the advice and consent of the Senate.
Membership of the Board of Governors of the Federal Reserve System, 1914-Present


and as i pointed out in my first post they do not have to listen to what the president says or congress,those are only recommendation that are made.
they can and usually do act independently of the government.


The Board of Governors is an independent governmental agency consisting of seven officials and their support staff of over 1800 employees headquartered in Washington, D.C.[10] It is independent in the sense that the Board currently operates without official obligation to accept the requests or advice of any elected official with regard to actions on the money supply,[11] and its methods of funding also preserve independence. The Governors are nominated by the President of the United States, and nominations must be confirmed by the U.S. Senate.
Monetary policy of the United States
[12]



also i forgot to add that the fed doesn't do fiscal policies, they are strictly monetary policy'
one more time from the horses mouth.

As I have discussed, monetary policy is the responsibility of the Federal Reserve--or, more specifically, the Federal Open Market Committee, which includes members of the Federal Reserve's Board of Governors and presidents of Federal Reserve Banks. Unlike fiscal policy, monetary policy does not involve any taxation, transfer payments, or purchases of goods and services. Instead, as I mentioned, monetary policy mainly involves the purchase and sale of securities. The securities that the Fed purchases in the conduct of monetary policy are held in our portfolio and earn interest. The great bulk of these interest earnings is sent to the Treasury, thereby helping reduce the government deficit



The responsibility for fiscal policy lies squarely with the Administration and the Congress. At the Federal Reserve, we implement policy to promote maximum employment and price stability, as the law under which we operate requires. Using monetary policy to try to influence the political debate on the budget would be highly inappropriate. For what it's worth, I think the strategy would also likely be ineffective: Suppose, notwithstanding our legal mandate, the Federal Reserve were to raise interest rates for the purpose of making it more expensive for the government to borrow. Such an action would substantially increase the deficit, not only because of higher interest rates, but also because the weaker recovery that would result from premature monetary tightening would further widen the gap between spending and revenues. Would such a step lead to better fiscal outcomes? It seems likely that a significant widening of the deficit--which would make the needed fiscal actions even more difficult and painful--would worsen rather than improve the prospects for a comprehensive fiscal solution.
Five Questions about the Federal Reserve and Monetary Policy







edit on 17-11-2016 by hounddoghowlie because: (no reason given)



posted on Nov, 17 2016 @ 03:12 PM
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"to get down to the nitty gritty, the fed has a board of governors who are not required to answer to trump or congress when making decisions."

Congress can end the fed anytime it wants, so to that degree, they must answer to congress.

a reply to: hounddoghowlie



posted on Nov, 17 2016 @ 04:16 PM
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a reply to: Raggedyman

National protectionist policies like elimination of free trade agreements, import tariffs, protection for domestic production, and imigration controls increase the value of the US dollar. In essence, the markets are pondering the idea that the US could be returning to the pre-NAfTA days of the American consumer having the strongest position of any consumer in the world, tremendous purchasing power, and a dollar that's actually worth a dollar.

The globalists want to see a weak US dollar because that increases foreign production, which buttresses the multinationals' bottom lines big time.



posted on Nov, 17 2016 @ 04:21 PM
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a reply to: craterman


Congress can end the fed anytime it wants, so to that degree, they must answer to congress.


only by redoing the whole monetary system, which would be a disaster and take years to do. do a search and see what economics professors and others say about ending the fed and how hard and what would happen.

congress might be able to pass legislation to modify it's duties, but from what i've read on the subject that to is highly unlikly and would take a very long time.

then if you really want to go down a rabbit whole, just look at what has happened to countries that do not have a central bank or have tried to do away with them. do you think they would let that happen here?



posted on Nov, 17 2016 @ 06:18 PM
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a reply to: Gothmog

Well it is evident you cant see
The US is an international laughing stock for voting Trump to hold office, not just a laughing stock, many people see your whole country as hillbilly gun toting rednecks right now.
Try reading INTERNATIONAL news



posted on Nov, 17 2016 @ 06:22 PM
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originally posted by: burdman30ott6
a reply to: Raggedyman

National protectionist policies like elimination of free trade agreements, import tariffs, protection for domestic production, and imigration controls increase the value of the US dollar. In essence, the markets are pondering the idea that the US could be returning to the pre-NAfTA days of the American consumer having the strongest position of any consumer in the world, tremendous purchasing power, and a dollar that's actually worth a dollar.

The globalists want to see a weak US dollar because that increases foreign production, which buttresses the multinationals' bottom lines big time.


Yeah but nah, isolationist policies will mean others will probably stop trading with the US
Double edged blade.

Look, I am suprised and dont know why the bounce, I think the change of leadership has given many a bit of hope.
Considering the amount of negativity around Trump internationally its a bit suprising




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