BREAKING: Fed cuts interest rates in Emergency Move!

[Melissa]

ok for us dummies what does this mean for those of us that have NO stocks, live paycheck to paycheck-no savings-is this where I am f**** or what should I do buy can goods buy a silver piece lol any advice

 

[jufreese]

only one guy voted against the rate cut.....he prolly supports RP

 

[rfbz]

So whats the word on what the US market is doing today so far?? When do we open??

premarket trading is all down, market opens at 9:30

 

[jufreese]

ok for us dummies what does this mean for those of us that have stocks, live paycheck to paycheck-no savings-is this where I am f**** or what should I do buy can goods buy a silver piece lol any advice

buy lots of gold.....just hit record high though of 900 an ounce.

 

[Melissa]

buy lots of gold.....just hit record high though of 900 an ounce.

ok that is not doable dont have 900 bucks barely have 100 get paid of Friday lol any other ideas

 

[jufreese]

ok that is not doable dont have 900 bucks barely have 100 get paid of Friday lol any other ideas

uhhh....4.5% apr for a capital one savings account....lol

 

[jufreese]

my bad...they recently dropped the rate to 4.0%

 

[Eric21ND]

ok that is not doable dont have 900 bucks barely have 100 get paid of Friday lol any other ideas

Be thankful your not this guy.

http://www.youtube.com/watch?v=rCtQL5b_rCM

 

[homah]

ok that is not doable dont have 900 bucks barely have 100 get paid of Friday lol any other ideas

Just save as much as you can, don't go into debt if possible. Live a simple existence, don't overspend, etc. What else can you do?

 

[dshields]

ok for us dummies what does this mean for those of us that have NO stocks, live paycheck to paycheck-no savings-is this where I am f**** or what should I do buy can goods buy a silver piece lol any advice

Actually, inflation initially impacts those with lots of investments and savings first and most dramitically. Assuming your paycheck increases with inflation you have less to lose.

However, if you do get to the point where you want to establish savings, then you should consider buying 1/10th ounce gold coins which are in the $88-$92 range.

Dave

 

[wgadget]

Why can't Ron Paul make a Press Release or schedule an Emergency News Conference about the Economy and his solution.

CALL ALL THE TALK RADIO SHOWS TODAY....especially if you understand how inflation and fiat money works.

 

[wgadget]

anybody know of a radio show that would be on now talking about this stuff.

Laura Ingraham is on and talking about the economy.

 

[Jimmy]

Can't help but think this is gonna be one of those deals were Bush declares a state of emergency.....theres a conspiracy to chew on abit

 

[Falseflagop]

Its called a PANIC CUT and plus CHINA has said in the past any cut will result in them dumping USD! More inflation a coming!

 

[hocaltar]

Yeah. I was thinking the same. It's very difficult to explain the Federal reserve system to sheep.

+1 Just trying to explain supply and demand to them is near impossible.

 

[The_Ruffneck]

if you cant afford gold what is wrong with silver?

 

[jaybone]

ok for us dummies what does this mean for those of us that have NO stocks, live paycheck to paycheck-no savings-is this where I am f**** or what should I do buy can goods buy a silver piece lol any advice

Your finances will be ravaged by inflation, but in the short-term you will most likely not feel any effects. By cutting rates this aggressively, historic price rises are baked in the cake.

So, my suggestions for you to consider:
Pay down any and all debt that you have, it is easier to survive without it.
Stockpile canned goods, focus on protein (beans, lentils, spam, etc.)
If you can come up with $100 or so extra, it would be a good idea to have a little silver on hand in case there is a currency crisis. I recommend starting out with pre-1964 US coins on ebay, they are 90% silver and relatively cheap, at current prices one roll of 40 quarters will run about $120.

Start thinking about the security of your job, if ti is not secure then get a resume together and get it out, it cannot hurt and does not cost alot either.

 

[Melissa]

Your finances will be ravaged by inflation, but in the short-term you will most likely not feel any effects. By cutting rates this aggressively, historic price rises are baked in the cake.

So, my suggestions for you to consider:
Pay down any and all debt that you have, it is easier to survive without it.
Stockpile canned goods, focus on protein (beans, lentils, spam, etc.)
If you can come up with $100 or so extra, it would be a good idea to have a little silver on hand in case there is a currency crisis. I recommend starting out with pre-1964 US coins on ebay, they are 90% silver and relatively cheap, at current prices one roll of 40 quarters will run about $120.

Start thinking about the security of your job, if ti is not secure then get a resume together and get it out, it cannot hurt and does not cost alot either.

ok this is what I wanted to see thanks so much I have two questions I have a truck loan we just bought last summer do I try and sell and the only real debt I have is credit cards normal house stuff and school loans coming due this summer and I work as a office manager in a boat place so think it is time to pull out resume huh cause boats not going to be good sell this year

 

[pcosmar]

Ron Paul has had a consistent message ( for 30 years)that this monetary policy will fail.
He has been speaking about it through out this campaign.
Warning.
They have been denying.
It is like Noah warning about the flood. Folks laughing as he built the Ark.

It is starting to rain.

 

[akalucas]

just opened...dow down 420 so far