Petition - Consider signing this!!

MC2 · Heavy Crude Joined: Jun 26, 2006 Posts: 223

The first petition, put out months ago, has already been picked up by many mainstream sources, and some positive change may have begun. It's now time for a second petition, as the reindeer games continue by the FED and the rest of our .gov. Follow the link and read what you find there. If you agree sign it and pass it along.

http://www.financialpetition.org/

steam_cannon · Expert Joined: Dec 28, 2006 Posts: 2422 Location: MA

MC2, I'm not sure this is the best place to go around with petitions for people to sign. Most of the peak oil crowd values their privacy more then they think giving their name away will help anything.

Personally I think actions can foster change. But signing your name and giving away your contact info only attaches you to the illusion that you've done something. If there's no actual work you're not actually doing something. And I seriously doubt writing congress is going to accomplish anything.

But to each his own...

MC2 · Heavy Crude Joined: Jun 26, 2006 Posts: 223

cipi604

too late
Peak-oil Peak-everything is live now. I hope they pass the next christmas... this one they did ok on.

FoxV

This is actually a pretty big deal. The 10yr treasury spiking like that could signal the waking up of the Bond Market Vigilantes.

Here's the 10yr treasury over the last week

It did have a pretty wild spike, but its coming back down. If it continues to fall into the FOMC meeting, than, its inflation and the party is still on (and I'm buying a McMansion)

If it keeps rising into the FOMC than Ben will have a hard time dropping rates and will mean deflation (not to mention a stock crash if BendOver doesn't drop at least the 0.5%).

However the Fed rate is more than 1% higher Shocked

than short term treasuries and it looks like the yield curve is inverting (link) so I can't imagine him not giving the 0.5% expected.
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Plantagenet