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Old 04-26-2011, 04:28 PM
 
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Why now?

A Bernanke Press Conference Primer for the Uninitiated - Real Time Economics - WSJ=
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Old 04-26-2011, 06:37 PM
 
Location: Chicagoland
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To explain massive QE policy failure.
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Old 04-26-2011, 06:39 PM
 
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Maybe they'll finally announce that they'll give up control of our economy and return to sound money. But hey, one can dream right?
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Old 04-26-2011, 06:43 PM
 
Location: Raleigh, NC
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They need one more push to promise a strong dollar so they can shake J6P out of the remainder of their silver after it temporarily drops 50%, then their banking buddies can accumulate some more before the head fake and "we fooled you: QE3 comin' your way!"
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Old 04-26-2011, 06:46 PM
 
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Because thanks to the efforts of Ron Paul and economists outside of the political class, people are being made aware of the feds destructive policies.

Bernanke will of course lie through his teeth at this news conference.
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Old 04-26-2011, 06:46 PM
 
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Quote:
Originally Posted by summers73 View Post
They need one more push to promise a strong dollar so they can shake J6P out of the remainder of their silver after it temporarily drops 50%, then their banking buddies can accumulate some more before the head fake and "we fooled you: QE3 comin' your way!"
I wonder if they'll also talk about the $1.5 quadrillion in derivatives we've accumulated since then

And I think you're right. The Fed might do the same thing that OPEC does. Whenever a radical new fuel efficient technology or plan starts to take fold, OPEC collapses the price of oil, effectively ending something that would end our dependence on foreign oil. The Fed would collapse gold prices to get people to sell them, then the elite buy gold at rock bottom prices and then run the printing presses to screw us.
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Old 04-26-2011, 06:50 PM
 
Location: Raleigh, NC
20,054 posts, read 18,285,820 times
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Quote:
Originally Posted by theunbrainwashed View Post
I wonder if they'll also talk about the $1.5 quadrillion in derivatives we've accumulated since then

And I think you're right. The Fed might do the same thing that OPEC does. Whenever a radical new fuel efficient technology or plan starts to take fold, OPEC collapses the price of oil, effectively ending something that would end our dependence on foreign oil. The Fed would collapse gold prices to get people to sell them, then the elite buy gold at rock bottom prices and then run the printing presses to screw us.
Yup, it sure beats any sort of unenforceable FDR-esque gold confiscation executive order.
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Old 04-26-2011, 06:54 PM
 
Location: Florida
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Originally Posted by lifelongMOgal View Post
Why now?
They are going to start raising interest rates.
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Old 04-26-2011, 06:54 PM
 
25,021 posts, read 27,938,262 times
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Originally Posted by summers73 View Post
Yup, it sure beats any sort of unenforceable FDR-esque gold confiscation executive order.
That's why people NEED to HOLD ON to their precious metals even if the price collapses because, hell, it's a precious metal. Our economy will not recover for another several years, if it will at all. The DJIA is increasing mostly because of good overseas profits, not domestic profits. And I think that's the reason why corps. here are not hiring even though they are posting gains
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Old 04-26-2011, 07:00 PM
 
Location: My little patch of Earth
6,193 posts, read 5,369,433 times
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I wonder....

Will they announce the failure of our currency?

Wait, I mean 'their' currency?

Will the 100 dollar bill lose two zeroes?

Or will they announce the conversion to the Soros dollar (1,000 / 1 ratio)?

Hmmmmmm........
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