Author Topic: FED TO THE RESCUE  (Read 3561 times)

Bindare_Dundat

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FED TO THE RESCUE
« on: November 30, 2011, 06:04:24 AM »
NEW YORK (CNNMoney) -- The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to trade in U.S. dollars.

The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013. The effort is meant to "ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the Federal Reserve said in a press release.

Meanwhile, the People's Bank of China also announced a plan to increase liquidity Wednesday by lowering its reserve requirement ratio for financial institutions by half a percentage point.




blah, blah, blah, nothing ever changes except that things continue to get worse for the average person trying to make a living.

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #1 on: November 30, 2011, 06:06:25 AM »
We are in a lot of trouble.   These disgusting socialists in europe and in this country refuse to cut the damn spending and instead prefer to impoverish us all. 



Soul Crusher

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Re: FED TO THE RESCUE
« Reply #2 on: November 30, 2011, 06:25:09 AM »

GigantorX

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Re: FED TO THE RESCUE
« Reply #3 on: November 30, 2011, 07:46:15 AM »
This tells us just how bad the situation is and will continue to be.

Funny thing is, "they" having been telling us since the crisis began that there is "hope" for a "solution" and "soon". Every fucking day at around 2pm to juice the markets....and guess what? Nothing ever happens.

Funny.

Skip8282

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Re: FED TO THE RESCUE
« Reply #4 on: November 30, 2011, 03:34:13 PM »
One of you needs to translate this shit for layman.  Is this good or bad?

aesthetics

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Re: FED TO THE RESCUE
« Reply #5 on: November 30, 2011, 05:11:40 PM »
We are in a lot of trouble.   These disgusting socialists in europe and in this country refuse to cut the damn spending and instead prefer to impoverish us all. 




fed isn't part of the u.s. govt chief, thought you should know since you are whining about spending like a moron but the fed is an independent bank and it's "spending" (which is just moving 0's around on a computer screen, nothing material) doesn't contribute to u.s. debt. i hope that helps, but it probably won't since you will just continue to scream about blacks (ironically while you are an italian)

reppingfor20

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Re: FED TO THE RESCUE
« Reply #6 on: November 30, 2011, 05:15:58 PM »
they did a great move today, and the DOW surged very high, yet the crazies still criticize LOL, it shows you are always going to not be happy no matter how well they do.

Obama was right, no matter how much stuff you do that is good, they still whine.  They want a moat around the US LOL!!  Obama pwned them!!!



TEAM Nasser

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Re: FED TO THE RESCUE
« Reply #7 on: November 30, 2011, 05:44:15 PM »
fed isn't part of the u.s. govt chief, thought you should know since you are whining about spending like a moron but the fed is an independent bank and it's "spending" (which is just moving 0's around on a computer screen, nothing material) doesn't contribute to u.s. debt. i hope that helps, but it probably won't since you will just continue to scream about blacks (ironically while you are an italian)


That is easily one of the most naive posts I have ever seen.   Who appoints the fed chairman and confirms the appointment?   Who makes the. Money available to meet the govt obligations when tax revenues don't pay for expenses?   



Soul Crusher

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Re: FED TO THE RESCUE
« Reply #8 on: November 30, 2011, 05:52:54 PM »

Peter Schiff Explains What Today's Global Fed-Funded Bailout Means For The Future
Submitted by Tyler Durden on 11/30/2011 - 19:27
Central Banks Global Economy Peter Schiff Precious Metals Reality
If anyone is still confused by what has transpired today, here is Peter Schiff explaining in simple words, why what happened "may be one of the most important economic events of the year" and what to do next: "Today’s unprecedented announcement by the world’s most powerful central banks was a loud and clear bell ringing to buy precious metals. The move, disguised as an attempt to help the fragile state of the global economy, is in reality a move to prop up failing banks in Europe and the US. By reducing interest rates paid for dollar swaps, central bankers are in effect increasing the quantity of global dollars in circulation. The result? The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed. I urge you to take 7 minutes to watch the video I recorded exclusively for my subscribers a few hours ago. It explains, in plain language, what happened today – and what is the likely outcome for your portfolio. This may be one of the most important economic events of the year." And pardon Schiff's self-promotional piece at the end, but the truth is that he is essentially correct about what the actions means from a big picture perspective. Furthermore, as Goldman made all too clear, this is merely the beginning as more and more inflationary actions have to be undertaken by central banks to save banks from being crushed by untenable debt loads. Whether they succeed in overturning the deflationary tsunami is unknown. What is certain is that they will bring fiat currencies to the verge of viability (and beyond) in trying.




Www.zerohedge.com


Soul Crusher

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Re: FED TO THE RESCUE
« Reply #9 on: November 30, 2011, 06:06:06 PM »
'Prepare for armageddon' Banks told to prepare for Eurozone collapse
The Sun UK ^ | 11/30/11 | Staff
Posted on November 30, 2011 8:06:44 PM EST by Nachum

Britain's banks have been told to prepare for the end of the Eurozone, it emerged today. City regulator the Financial Services Authority has told banks to ready themselves for armageddon by running "stress tests" on their balance sheets. FSA chief Hector Sants met the heads of Barclays, Satander, HSBC, Lloyds and RBS last week. News of the shock warning came as the world's biggest central banks today launched a desperate bid to save the global economy by flooding markets with cheaper cash.

(Excerpt) Read more at thesun.co.uk ...


aesthetics

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Re: FED TO THE RESCUE
« Reply #10 on: November 30, 2011, 06:43:10 PM »

That is easily one of the most naive posts I have ever seen.   Who appoints the fed chairman and confirms the appointment?   Who makes the. Money available to meet the govt obligations when tax revenues don't pay for expenses?  




spare me your crackpot theory about the illuminati please. while it's not surprising in the least, it is depressing to see people base their entire ideology and political activism on a shitty 90 minute movie made in some 18 year old's basement with ominous music

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #11 on: November 30, 2011, 06:56:51 PM »
spare me your crackpot theory about the illuminati please. while it's not surprising in the least, it is depressing to see people base their entire ideology and political activism on a shitty 90 minute movie made in some 18 year old's basement with ominous music


please.   Only a complete idiot buys into the nonsense that the fed and the govt are not intertwined. 

Fury

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Re: FED TO THE RESCUE
« Reply #12 on: November 30, 2011, 07:09:11 PM »
spare me your crackpot theory about the illuminati please. while it's not surprising in the least, it is depressing to see people base their entire ideology and political activism on a shitty 90 minute movie made in some 18 year old's basement with ominous music

Yeah, man. It's just coincidental that the Fed, having said they wouldn't bail out of Europe, goes and bails out Europe right after Obama gets involved. Yup, just a coincidence.  ::)

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #13 on: November 30, 2011, 07:13:28 PM »
the Fed and the Govt are partners in crime.    Both serve the interests of the other.   

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #14 on: November 30, 2011, 07:15:23 PM »
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
GAO report ^ | 11-30-2011 | edcoil
Posted on November 30, 2011 3:53:25 PM EST by edcoil

The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.

What was revealed in the audit was startling:

$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010,

(Excerpt) Read more at silverbearcafe.com ...

aesthetics

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Re: FED TO THE RESCUE
« Reply #15 on: November 30, 2011, 07:21:39 PM »

please.   Only a complete idiot buys into the nonsense that the fed and the govt are not intertwined. 

you have reading comprehension issues on top of a long list of other mental deficiencies. perhaps reread what was said, and what relation it has with the thread and then rethink your asinine replies that are quixote-esque in attacking fictitious arguments that aren't even pertinent

Bindare_Dundat

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Re: FED TO THE RESCUE
« Reply #16 on: November 30, 2011, 07:23:26 PM »
Sometimes I wonder why I even post to a bunch of retards on this board.

Keep up the great work Bernanke and all the rest of the crooked cock suckers.  ::)

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #17 on: November 30, 2011, 07:25:15 PM »
you have reading comprehension issues on top of a long list of other mental deficiencies. perhaps reread what was said, and what relation it has with the thread and then rethink your asinine replies that are quixote-esque in attacking fictitious arguments that aren't even pertinent
::)


tter nonsense.  I have read at least a dozen books on this topic alone.  he Fed was created and exists solely to advance the goals of the govt and banister elite. 

Skip8282

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Re: FED TO THE RESCUE
« Reply #18 on: November 30, 2011, 07:35:26 PM »
Yeah, man. It's just coincidental that the Fed, having said they wouldn't bail out of Europe, goes and bails out Europe right after Obama gets involved. Yup, just a coincidence.  ::)


aesthetics is a guy?  With that avatar, lol.

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #19 on: November 30, 2011, 07:36:44 PM »
http://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp#axzz1fFbBne5l



Fed and the Govt work together.    To claim they are not partners is a joke. 

Skip8282

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Re: FED TO THE RESCUE
« Reply #20 on: November 30, 2011, 07:37:15 PM »
Sometimes I wonder why I even post to a bunch of retards on this board.

Keep up the great work Bernanke and all the rest of the crooked cock suckers.  ::)



::)

Yes, you're right.  Everybody should be an expert in liquidity swaps.

How about military logistics.  You an expert in that?  Well you should be, defense is very important. 

aesthetics

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Re: FED TO THE RESCUE
« Reply #21 on: November 30, 2011, 07:38:27 PM »
::)


tter nonsense.  I have read at least a dozen books on this topic alone.  he Fed was created and exists solely to advance the goals of the govt and banister elite. 


so how does he fed lending money to banks and european countries increase us govt debt?

Soul Crusher

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Re: FED TO THE RESCUE
« Reply #22 on: November 30, 2011, 07:42:13 PM »
so how does he fed lending money to banks and european countries increase us govt debt?

sorry if my spelling sucks - iPad is a bitch.    The Fed is monetizing debt.   It exists to by up bonds and assets and debts the govt accumulates that are not met by tax revenue. 

it's a horrible relationship that screws savers.   Do you realize that since the Fed was created in 1913 that the value of the dollar has decreased by about 95 percent ?   Why is that?   

aesthetics

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Re: FED TO THE RESCUE
« Reply #23 on: November 30, 2011, 07:44:15 PM »
also note: no where did i disagree that the fed is the main tool for wealth extraction from the working class however a financial sector is necessary in a free market capitalist society in order for capitalism to operate and provide liquid capital. if you want to abolish the fed, sure, but then you're going to forfeit the "free market" aspect of liberal capitalism and the govt will be required as the central planning agent, a state capitalist economy like china.

Bindare_Dundat

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Re: FED TO THE RESCUE
« Reply #24 on: November 30, 2011, 07:44:51 PM »


::)

Yes, you're right.  Everybody should be an expert in liquidity swaps.

How about military logistics.  You an expert in that?  Well you should be, defense is very important. 

I wasn't even directing my comment at you so don't get all emotional on me. It was directed at those that still defend these actions.