Digg NOW: Fed cuts rate another 1% to 2.25%!

Can I ask a question:

From this article:

Code:
http://biz.yahoo.com/ap/080318/fed_credit_crisis.html

There is this image:

29.jpg


Captioned with:

AP Photo: President Bush poses for cameras at the conclusion of his meeting with the President's Working Group on Financial Markets, Monday, March 17, 2008, in the Roosevelt Room of the White House in Washington.

Isn't the "President's Working Group" = "The Plunge Protection Team" ... a group that supposedly was denied even existing?
 
Feds cut rate by 3/4 %. Federal interest rate is now 2.25%. This makes prime rate (always 3% higher than federal) is at 5.25%. This affects variable rates.
This will make the dollar go down, increasing inflation. Bonds are tied to inflation. Fixed interest rates are tied to bonds. Therefore, not much help on fixed rates.
 
This is bringing silver and gold down a bit (for now). Time to buy more. I just bought a little more silver . . . .
 
The national conventions for both major parties will be very interesting to watch.


I don't believe for a second that they don't get what is going on. I think they are trying to keep the whole thing together at all costs. If it falls apart...there will be HELL to pay...and I'm sure they don't want to be in that crossfire.
 
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