BREAKING: Fed cuts interest rates in Emergency Move!

[wgadget]

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!

Dumping USD is the final blow, IMO. Then we're totally screwed.

But I still don't really understand why CHINA would dump, unless they're finished buying out all of our US real estate....

 

[ClayTrainor]

I hope you people are all buying as much gold as you can

 

[SgtBulldog]

this is terrible. goodbye dollar.

But Hello Gold!

 

[Ronin]

This really sucks. The gains on my 401k for the last two years are gone. What sucks even more is there aren't any commodity funds I can chose from. I also can't pull the money unless I loan it to myself.

 

[MBFrazee]

Local News Media

We need to contact local news media - TV, radio and newspapers - to start reporting on Ron Paul. The local news media is desparate for news interest - especially newspapers. They are scraping for any means to get customers. Send letters to the editors, and the editors will see what their readers are interested in reading. Keep an eye on upcoming primaries and caucus schedules. If you know someone in those states - contact them to take part with their support to Ron Paul.

 

[Joe3113]

We need to contact local news media - TV, radio and newspapers - to start reporting on Ron Paul. The local news media is desparate for news interest - especially newspapers. They are scraping for any means to get customers. Send letters to the editors, and the editors will see what their readers are interested in reading. Keep an eye on upcoming primaries and caucus schedules. If you know someone in those states - contact them to take part with their support to Ron Paul.

Yeah....tell them the real problem is the FED

 

[TexMac]

I think I saw a black and white film from the 1930's that discussed this kind of economic policy...a German black and white film. Man, I am sure happy this is happening during Bush's term so he can't blame it on Clinton or whoever wins the white house.......

God dammit, how difficult is it to get this guy impeached or recalled or something?

That reminds me of Wilson Burman's post yesterday:

[FONT=Arial, Helvetica, sans-serif]Recall this passage from Bresciani-Turroni:[/FONT]

[FONT=Arial, Helvetica, sans-serif]The eyes of all were turned to the Reichsbank. The pressure exercised on it became more and more insistent and the increase of issues, from the central bank, appeared as a remedy....

The authorities therefore had not the courage to resist the pressure of those who demanded ever greater quantities of paper money, and to face boldly the crisis which...would be, undeniably, the result of a stoppage of the issue of notes. They preferred to continue the convenient method of continually increasing the issues of notes, thus making the continuation of business possible, but at the same time prolonging the pathological state of the German economy....

It is certain that the rise in home prices, which was the immediate consequence of the depreciation of the exchange, had given a definite thrust to the increase of note issues and of the floating debt.

But it is important not to forget that that last stage of the depreciation of the mark was, in a great part, the direct consequence of an erroneous financial policy in the preceding years. Besides, the increase of the note-issues, following the increase of home prices, was not at all a necessary action, as some writers seem to believe. An energetic financial and monetary policy and a more circumspect banking policy would have broken the vicious circle....

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[FONT=Arial, Helvetica, sans-serif]Read the rest[/FONT]

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[PimpBlimp]

CNN's stock ticker is frozen

http://money.cnn.com/data/markets/dow/

I guess they are trying to ward of a panic

 

[mosquitobite]

That reminds me of Wilson Burman's post yesterday:

[FONT=Arial, Helvetica, sans-serif]Recall this passage from Bresciani-Turroni:[/FONT]

[FONT=Arial, Helvetica, sans-serif]The eyes of all were turned to the Reichsbank. The pressure exercised on it became more and more insistent and the increase of issues, from the central bank, appeared as a remedy....

The authorities therefore had not the courage to resist the pressure of those who demanded ever greater quantities of paper money, and to face boldly the crisis which...would be, undeniably, the result of a stoppage of the issue of notes. They preferred to continue the convenient method of continually increasing the issues of notes, thus making the continuation of business possible, but at the same time prolonging the pathological state of the German economy....

It is certain that the rise in home prices, which was the immediate consequence of the depreciation of the exchange, had given a definite thrust to the increase of note issues and of the floating debt.

But it is important not to forget that that last stage of the depreciation of the mark was, in a great part, the direct consequence of an erroneous financial policy in the preceding years. Besides, the increase of the note-issues, following the increase of home prices, was not at all a necessary action, as some writers seem to believe. An energetic financial and monetary policy and a more circumspect banking policy would have broken the vicious circle....

[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Read the rest[/FONT]

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Wow!

 

[lnieves]

The PPT to the rescue. Only 144 points down now.