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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/10/2010 : 16:09:12
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The Fed announces QE2 - BUY GOLD and SILVER NOW!!! 
The Fed is willing to sacrifice the dollar to try to save the economy. Look for new highs in GOLD and $21 SILVER by the end of this month. Get out of dollars now.
...The central bank will reinvest principal payments on mortgage assets it holds into long-term Treasuries after judging that “the pace of economic recovery is likely to be more modest in the near term than had been anticipated,” the Federal Open Market Committee said in a statement after meeting today in Washington....
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 08/10/2010 17:44:22 |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 08/10/2010 : 17:24:03
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Dateline on the article is March 19, 2009.....????
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/10/2010 : 17:32:46
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quote:
Originally posted by Delawhere Jack
Dateline on the article is March 19, 2009.....????
Oops... Correct link is now there.  |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 08/10/2010 : 18:11:17
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| Though I was living through Groundhog Day, again.... |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2010 : 18:26:34
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To answer the thread title- Don't need to speculate on the 100% certain QE2 that is coming, they have been buying treasury paper for a long time. Look at paper issuance on bid to cover. It's no secret who keeps rates low in these "unusually uncertain" economic conditions. Fed along with BO and cronies have been attempting to "inject" false confidence into the sheeple- unemployed, broke or otherwise foreclosed on to get out and spend spend spend to prevent the nation from going broke....
Can't fix failed policy with more failed policy just like you can't dig out of a deep hole by getting a bigger shovel and digging the hole even deeper. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
Edited by - jonflyfish on 08/10/2010 18:27:04 |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/10/2010 : 18:35:49
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| So you're saying all the treasuries I bought are worthless? |
Trolling is an art. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2010 : 18:39:32
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quote:
Originally posted by Neckro
So you're saying all the treasuries I bought are worthless?
worth*less |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 08/10/2010 : 19:25:40
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I just sold all my silver for $5.00 an ounce.
DO YOU WANT TO SELL YOURS, I KNOW A SUCKER THAT WILL BUY AT $5.00 AN OUNCE.
HA HA HA |
Edited by - Beau on 08/10/2010 19:27:22 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 08/11/2010 : 08:04:54
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| The day of reckoning is coming. The fed will not be able to stop the eventual collapse of the dollar. I had read earlier this year that the treasury market had all but dried up from foreign investors. Several big banks were now on the hook to basically buy the worthless paper at the bequest of the government. This was hidden because they don’t have to disclose who basically is forced to buy them. My issue with silver going very high is that being as manipulated as it is, from what I understand, this shell game with treasuries can go on for years. The draining of the wealth of this nation will continue in the name of recovery. Roths, IRA's, 401k's are all on their hit list. Higher taxes are only the first wave. I agree physical silver and gold is where to be but this game is going to go on for some time before a total collapse happens. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/11/2010 : 11:55:43
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In one paragraph the "unusually uncertain" Fed changed the market narrative on Tuesday. Out the window went the narrative of pricing assets, commodities and FX on fundamentals (relative ones for FX), and in the window flew a new (old) narrative…risk aversion. It is déjà vu all over again…it looks and feels like 2008…well, in miniature. Despite the at best mixed track record the Fed has in forecasting economic activity, inflation and unemployment, the markets hit the default button Tuesday and ran to the LCD…Fed knows more than the rest of us on anything economic. If the Fed is worried about deflation, we should be worried about deflation. Risk assets do not perform well in deflation period…have a look at the Nikkei for the last 20 years.
Ironically, part of the intent of the Fed is to use monetary policy (QE) to support asset prices and risk taking…this is key to breaking (or in this case preventing) the psychology of deflation. Indeed the success of the first round of QE from the Fed in 2009 was to incentivize investors to hold riskier assets like bank stocks, corporate bonds and anything with yield. Rising asset prices yields a positive wealth effect, a sea change in psychology. But what we are learning some 2 years after the crisis is that consumers no longer believe in the stock market and face insurmountable wealth losses from their main asset…the home…which overpowers any feel-good effect the Fed might achieve with QE and near infinite zero-cost funds to the banking system. Deleveraging need trumped the policy response.
Tuesday was a day when investors on balance awoke from a drug induced coma, looked around and decided the world still looks very risky and return of capital rather than return on capital is key. Surely the Fed must have considered this risk ahead of time…it is the worst outcome to the news of a policy change the Fed could have hoped for.
How about Bernanke hold a press conference – on the record – and let us all know what the Chairman is thinking (with all do respect Bullard’s views are superfluous)? I am not holding my breath on this one, but the USS Titanic is running straight at another iceberg (maybe not ruin and collapse, but lengthy stagnation and deficit/debt trap…nearly equally intolerable) called the real economy having hit the financial iceberg in the fall of 2008. For the Fed, WH and Congress (and every other monetary authority on the planet – including the European monetary and fiscal free riders) it is all hands on deck. For those less inclined to watch this unfold in the inner recesses of the financial system (repo, CP, bank funding, CDS), take the front row seats in equities, risk free bonds and FX…tighten the seat belts and assume the crash position.
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Fed Will Buy Treasuries to Combat Crisis
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