cavanami Posted February 19, 2010 Report Share Posted February 19, 2010 This is the same "formula" that the Fed has used for decades (actually all the Central Banks that have appeared in the US over the last 200 Years or so). Give easy money (bailouts) and then squeeze down the money supply, then go and buy up banks and businesses at discounted prices. (Reference "The Creature from Jekyll Island" book with hundreds of references, quotes, etc). Me thinks you have better have ample cash/gold and get ready for a ride! http://finance.yahoo.com/news/World-stocks-drop-as-Fed-apf-2236660069.html?x=0&sec=topStories&pos=main&asset=&ccode= SINGAPORE (AP) -- Asian stocks tumbled Friday after the U.S. central bank unexpectedly raised interest rates for emergency bank loans, triggering fears that growth could slow in the world's largest economy. European markets also lost ground. The Federal Reserve said Thursday it will bump up the so-called "discount" lending rate by one-quarter point to 0.75 percent effective Friday, part of a pullback of the extraordinary aid it provided to fight the financial crisis... Link to comment Share on other sites More sharing options...
Old Hippie Posted February 19, 2010 Report Share Posted February 19, 2010 Can we decide/agree that the world economy is manipulated by man, and that it can be made to do whatever a few dipshits want to happen? The global economy doesn't seem to be working, so why not just settle up and go back to what we had before? Link to comment Share on other sites More sharing options...
cavanami Posted February 20, 2010 Author Report Share Posted February 20, 2010 Go back to bartering? At times the world had done this, after all the bank nimrods screwed everything up, bartering! I have been reading/studying trying to figure out how to take advantage of the situation, like the nimrods do...still working on it! Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 20, 2010 Report Share Posted February 20, 2010 Pretend to be poor so as to reap all of the social benefits available. Link to comment Share on other sites More sharing options...
shygye Posted February 20, 2010 Report Share Posted February 20, 2010 Found a commercial bank so you can get money at the Fed rate. Then invest in T bills. Finally give yourself a huge bonus for all your hard work. Link to comment Share on other sites More sharing options...
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