[Keith_McClary]

I will be happy if the Fed keeps bumping up stock prices so I can take some profits.

Are your stocks worth more or is it just that the $ is worth less?

When you "take profits" on inflationary gains you can't buy any more real goods with the proceeds than what you invested.

But you pay taxes on the "profits".

[seldom_seen]

Peter Schiff weighs in:

This week the Federal Reserve finally made clear what should have been obvious for some time – the only weapon that the Fed is willing to use to fight the economic downturn is a continuing torrent of pure, undiluted, inflation. The announcement should be seen as a game changer that redirects the fury of the financial storm directly onto our shores.

With such a policy in place, America has now become a banana republic. It won’t be too long before our living standards reflect our new status. Got Gold?

http://www.europac.net/externalframeset ... ype=schiff

[Cid_Yama]

Yes, but every G20 nation is doing exactly the same thing. Not that you are wrong, you are very right, but the deflation we are experiencing will not be curbed by making our money worthless. The whole thing is shutting down so fast that nothing will exist of the world as we have known it before hyperinflation kicks in. We are, however, experiencing inflated food prices already.

Expect hungry people to start stealing everything not nailed down soon. And since nobody in their neighborhood has anything left to steal, that means they will be coming to YOUR backyard.

[mcgowanjm]

Yes, but every G20 nation is doing exactly the same thing. Not that you are wrong, you are very right, but the deflation we are experiencing will not be curbed by making our money worthless. The whole thing is shutting down so fast that nothing will exist of the world as we have known it before hyperinflation kicks in. We are, however, experiencing inflated food prices already.

Expect hungry people to start stealing everything not nailed down soon. And since nobody in their neighborhood has anything left to steal, that means they will be coming to YOUR backyard.

IMHO, HI won't be possible. Americans will stop buying.
But any kind of weak $ will be fatal to Empire.

I like CHSmith's take that America doesn't like mobs.

Just thankin'. James

[joewp]

IMHO, HI won't be possible. Americans will stop buying.

We had high inflation and high unemployment in the 70's and nobody was buying much then either.

[Cid_Yama]

Great - so after a collapse we'll have a bunch of moron traders trying to play farmer. Like its possible to become self-sufficient in months....

Sounds like an opportunity for the folks lacking the means to have a starter kit of their own. The means appears to be presenting itself.

Doubt those 'moron traders' will have a clue how to keep what they have.

The coming world will not be a safe one for New York 'suits'. Their survival skills only apply to Manhattan's jungle.

[mcgowanjm]

Sounds like an opportunity for the folks lacking the means to have a starter kit of their own. The means appears to be presenting itself.

From personal experience, I, and others have been fighting
to get into farming on our terms from the beginning.

The bankers, and other Top.01%, have done everything they can think of to keep us out.

[The_Virginian]

Yes, but every G20 nation is doing exactly the same thing. Not that you are wrong, you are very right, but the deflation we are experiencing will not be curbed by making our money worthless. The whole thing is shutting down so fast that nothing will exist of the world as we have known it before hyperinflation kicks in. We are, however, experiencing inflated food prices already.

Expect hungry people to start stealing everything not nailed down soon. And since nobody in their neighborhood has anything left to steal, that means they will be coming to YOUR backyard.

+1





In "good" times the 40% unemployment amoungst Americanized Africans living in Norfolk meant they TRIED to rob us a least 5 times (no joke)...(not counting felons in the south who cant vote, or get a job).

[bodigami]

This is a very normal activity by the fed. They regularly buy treasuries using created money. Controlling whether they're buying more treasuries, or letting the treasuries they have expire is one of the biggest tools they use to control the money supply. You can argue that the money supply is too big or too small, but getting upset about the fed buying treasuries is just silly.

The fed has bought treasuries in the past, but the amount and the time in which they are going to buy them now is way beyond anything they have done before. They are going at it Japanese style.

This is not normal and a dollar drop of 5% in 24hrs is ample proof that the rest of the world does not consider this business as usual.

Although I do not reccommend to get "upset" about it, (as there are much greater things in life than watching the ticker at CNBC, and the fate of the Mogambo should serve as a warning to us all,) it certainly wouldn't be silly to poor yourself a good glass of single malt and ponder on what might be considered a very significant day by future historians.

What's a mogambo?

[misterno]

1) US dollar will never lose value. The whole world is hungry for dollar more than ever before. Cuz they do not trust their own monies. Any of us living in overseas, will confirm you this

2) Illuminati and Israel will never let US dollar collapse yet alone collapse of the American economy. America is a masonic state not a democracy.

[sameu]

yeah well we'll see about that

[patience]

Sold to you, sameu. I'm betting on a dollar crash/devaluation within a year. Could be sooner.

[ubercrap]

This is a very normal activity by the fed. They regularly buy treasuries using created money. Controlling whether they're buying more treasuries, or letting the treasuries they have expire is one of the biggest tools they use to control the money supply. You can argue that the money supply is too big or too small, but getting upset about the fed buying treasuries is just silly.

The fed has bought treasuries in the past, but the amount and the time in which they are going to buy them now is way beyond anything they have done before. They are going at it Japanese style.

This is not normal and a dollar drop of 5% in 24hrs is ample proof that the rest of the world does not consider this business as usual.

Although I do not reccommend to get "upset" about it, (as there are much greater things in life than watching the ticker at CNBC, and the fate of the Mogambo should serve as a warning to us all,) it certainly wouldn't be silly to poor yourself a good glass of single malt and ponder on what might be considered a very significant day by future historians.

What's a mogambo?

I'm not sure what they mean either. The Mogambo Guru is a persona/column written by financial consultant Richard Daughty, in which he is sort of panicked and obsessive in a hilarious way. I don't read it regularly, but I'm recalling that he often complains that nobody is listening to him when he is "sounding the alarm bells." Maybe the poster means he has been crying wolf? I don't believe anything has happened to him specifically, like a heart attack, or something.