U.S. Fed Cuts Discount Rate, page 1
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Topic started on 16-3-2008 @ 10:57 PM by OmniVersal

U.S. Fed Cuts Discount Rate


www.bloomberg.com
The Fed's first weekend change in borrowing costs since 1979 is Chairman Ben S. Bernanke's latest step to alleviate a credit squeeze that's exacerbating the U.S. economic slowdown. The dollar tumbled to a 12-year low against the yen and Treasury notes rallied as traders increased bets that officials will reduce their main rate by 1 percentage point when they meet on March 18.
(visit the link for the full news article)


reply posted on 16-3-2008 @ 11:36 PM by chromatico
reply to post by DwnitsDwn


What is so awful about the Federal Reserve? And a related question: is the US economy better or worse than it was in 1913?


reply posted on 16-3-2008 @ 11:42 PM by DwnitsDwn
reply to post by chromatico


The federal reserve charges our government both in real cost and interest to print money, it contributes a huge amount to the national dept.
it is one of the throne rooms of the elitists so often referred to on this site

I wasnt here in 1913 but it seems from my reading of history that , yes , almost anytime in US history the country was better off than today, with the exception of the great depression.


[edit on 16-3-2008 by DwnitsDwn]


reply posted on 17-3-2008 @ 12:29 AM by stikkinikki
reply to post by Divinorumus



I already got reamed in the internet bubble burst but anyone that went through that and 911 has got to be thinking get out now. It will be ugly and the main story tommorrow. It the correction is big enough maybe we will bottom out enough for the vultures to come in an sweep up whats left.

Was it Rothschild that came out so good after the late 80s crash? Greed sucks.


reply posted on 17-3-2008 @ 12:32 AM by gottago
reply to post by chromatico


A picture is worth a thousand words:



If you want to see the value of the dollar relative to 1913, stand on your head.


reply posted on 17-3-2008 @ 12:35 AM by chromatico
reply to post by gottago


Yeah but would you like to put up a similar chart showing real income?


reply posted on 17-3-2008 @ 12:40 AM by stikkinikki
Originally posted by chromatico
reply to post by gottago


Yeah but would you like to put up a similar chart showing real income?


Could you possibly do that since you brought it up? I wouldn't mind a little backgorund on it as well.


reply posted on 17-3-2008 @ 12:55 AM by OmniVersal
Here is a link to a real-time update on world financial markets.

finance.yahoo.com...

Japanese market is already down over 3%.

The Yen is now at 96.80 vs the Dollar. The most recent high was reached in June '07 for 124.12 yen per dollar. Looking at the monthly Yen charts since June '07 there was only 2 months that finished higher than they opened and it wasn't by a large margin.

The carry trade sell-off has now pushed yen below the previous two lows in Jan '05 and Dec '99. The next support level is at 79.75 which was the low in April '95. We could see a break below that support before all this is over.

Edit: Spelling + Date

[edit on 17-3-2008 by OmniVersal]



reply posted on 17-3-2008 @ 02:44 AM by TheBorg
reply to post by Divinorumus


What you do is hold onto any stocks that you currently have, and try to save as much money as you can. When the market crashes, run in and grab up as many shares of whatever stock suits you, and sit on them for the duration of the recovery. By the time it's all over, you'll be a billionaire.

That's how TPTB came into their money in '29 anyway.

TheBorg


reply posted on 17-3-2008 @ 02:49 AM by MikeboydUS
reply to post by TheBorg



And thats exactly what I'm planning on. Well that and Cobra ruling the world, but its a first step. I wonder how much stock I will be able to buy with Gold and Silver?

Anyone familiar with the Hamiltonians and the bonds that made them wealthy after the Revolution? They bought so called worthless certificates with a little silver and gold, which bloomed into massive wealth when things returned to normal.

[edit on 17/3/08 by MikeboydUS]


reply posted on 17-3-2008 @ 02:53 AM by Equinox99
reply to post by TheBorg


If the economy crashes your going to want to have as much money and try to have no stocks. The whole country will feel this crash if it happens, so chances will be that a lot of companies will become bankrupt because of the debts they are in. So avoid stocks!

Another problem is that people are seeing a boom in China so they are taking their stocks out and investing in China. What do they think will happen their companies? They will slowly plummet to their bankruptcy. The best advice is store up trading goods such as gold, silver, tobacco, alcohol, and etc.

If you want to have a certain amount of cash make sure it has good currency (euro, pounds, etc.)

[edit on 17-3-2008 by Equinox99]


reply posted on 17-3-2008 @ 03:00 AM by MikeboydUS
reply to post by Equinox99


Yes sell your worthless bonds and stock for a little gold and silver. During and right after the Revolution speculators paid 1/10 of various bonds price in silver and gold, when the economy recovered they were the new Aristocracy and everyone else was left with less than they had to begin with.
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