FED cuts rates to ZERO

a reply to: Liquesence

There is a dollar shortage. It's what lead to the financial crisis of 2008.

Zero liquidity.

Ain't that crazy? There ain't enough USD to cover everyone bets on the market.

Goodness gracious.

originally posted by: Lumenari

originally posted by: Phage
a reply to: Lumenari

Who said anything about Trump?

Um... it's currently Trump's economy to own...

And do you need a link to who is running in the general election in November?

Spoiler... Trump is on the ticket.

Yeah it's not like trump will get a pass from the media or the dems if the virus tanks the economy.

originally posted by: Phage
a reply to: Lumenari

Just Trump? Nothing going on in the Senate?

You don't think that the state of the economy will be of import in November?

When was the last time anyone blamed the economy on the Senate?

Or was the 2018 economy very important to House races?

It obviously wasn't.

I see you are still trying "obtuse" as a way to back out of a statement...

a reply to: Lumenari

When was the last time anyone blamed the economy on the Senate?

The last time the economy wasn't doing so good.

It obviously wasn't.

Politicians are opportunists. All of them. Take credit when you can, deny responsibility otherwise.

The buck don't stop nowhere no more. If this "works", Reps did it. If not, the Dems did.

originally posted by: cenpuppie
a reply to: Liquesence

There is a dollar shortage. It's what lead to the financial crisis of 2008.

Zero liquidity.

Ain't that crazy? There ain't enough USD to cover everyone bets on the market.

Goodness gracious.

I know there's not enough cash to cover every potential withdrawal, but when there is no required minimum, it could set up disaster. For instance, if there is no minimum, a bank could, theoretically, say, We'll only keep 10,000 on hand. But then 200 people come in needing a $1000 withdrawal, and can't get it. Not saying they could keep that little cash on hand, so maybe they base what they need off an average of the past year.

Admittedly, I know jack about the economics and the financial sector, I just don't understand how not *requiring* banks to keep at least a minimum of cash on hand is a good thing.

originally posted by: carewemust
FoxBusiness says rates are still higher here than in much of Europe. How can you go lower than ZERO?

Negativity.

originally posted by: Lumenari

originally posted by: Phage
a reply to: Lumenari

Who said anything about Trump?

Um... it's currently Trump's economy to own...

And do you need a link to who is running in the general election in November?

Spoiler... Trump is on the ticket.

Congress sets budget. It's in the Constitution.

Its becoming quite clear that we are being driven into a cashless society.

When you only have around 1.7 trillion in physical dollars roaming around, but you have quadrillions in virtual debt festering around the world, what good is it to have that seemingly, insignificant amount of actual physical currency on hand? What does it actually represent other than the incredible amount of debt itself?

The noose is tightening very quickly.

Debts will certainly be public, but never again will they be private.

What money? I have no money.

a reply to: AutomateThis1

Nothing ain't worth nothing.

But it's free.

a reply to: AutomateThis1

Think of your kids or grandchildren if that applies.

Wait a minute. Wait. A minute. What happens if my bank goes bankrupt or closes with my money in it?

a reply to: Bicent
Don't worry.
The FDIC will cover you up to $250k. If your bank is insured.

a reply to: Phage

I probably coulda googled that lol. Ya your right, same if they got robbed. Crazy times, have not had to try to remember that.

Well, the overnight trading zonked out down about five percent and was shut down over an hour ago it looks like.

Cutting the rate to zero might have made it worse instead of better.

Reporting from live action just now....it looks like the masses know it's a last ditch effort and it's not working..... ....no one is liking the sucking noise....back to the battle action it's jumping a bunch in Asia buying the dollar....London will show the cards.....remember

London is the bank...Washington is the military and Rome is the church

I think, I figured out why they will lockdown the country, or at least NYC. to shut down the market. I am willing to bet a wooden nickel on that. I will also gladly eat crow next Friday if I am wrong. 🦅

originally posted by: rickymouse
Well, the overnight trading zonked out down about five percent and was shut down over an hour ago it looks like.

Cutting the rate to zero might have made it worse instead of better.

Been watching it closely via MarketWatch since it opened at 6pm. Didn't take long for it to hit the Limit Down to trigger the trading halt, that was around a quarter after 6.

No movement whatsoever since then.

The way I understand it is the markets will reopen once trades start pricing higher. The fact it's been at a dead stop for over 4 and a half hours isn't a good sign. It means no one's willing to sell or buy at a higher price than the current trigger price point.

Investopedia explains it better than I can.

originally posted by: chr0naut

originally posted by: JinMI
a reply to: EternalShadow

This is where I have been focusing my attention, well this and tp jokes.

Were in deep and spending all the way down.

It is clear that the solution is to use currency as TP.

Dang it! Those hoarders are ahead of the curve.

I don't use TP though.







I use them wet wipes lol

originally posted by: Phage
a reply to: AutomateThis1

Nothing ain't worth nothing.

But it's free.

I actually feel pretty free at the moment. I've been hearing people both hear and offline talking about the government using this to take more of our freedoms, and people getting angry saying that we're giving up our freedoms.

Well, for one thing I'm not giving up anything.

What I would say is happening is that we aren't actively giving up our freedoms, but that most people aren't realizing that certain portions of the government are actively taking our freedoms away whether we allow them to or not.

Of course it could be said that inaction is the same as voluntarily giving our freedoms away.

But I'll keep living my life the way I want until the day I die, whether it's a disease, old age, or the Feds shooting me through a window while I sleep. Although, I would prefer to go down fighting. Maybe they'll have the decency to knock first.

Hell, who am I kidding?