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Old 03-19-2009, 06:26 AM   #1
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:mad Fuck You Bernanke - Dollar is getting RAPED!

Yesterday the Fed announced they will be buying up treasury bonds. This has the potential to be hugely inflationary and as expected the dollar puked yesterday. The decline continues today.

This is very good for gold. I already have a stockpile of gold and I am going to increase the percentage of monthly income I invest in bullion substantially now.

The stock market will probably continue to rally now. Enjoy it while it lasts... If you time it right you will make a killing. Many people have recently. I still do not trust the market though and I am staying out.
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Old 03-19-2009, 06:29 AM   #2
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?The Fed is basically financing our deficit by buying the debt issued by the Treasury,? she said. ?If the Obama administration pushes through another stimulus package, the dollar is done.?
http://www.bloomberg.com/apps/news?p...oFQ&refer=home
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Old 03-19-2009, 06:34 AM   #3
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i bet since this is on bloomberg guys like tony404 can start to believe lol
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Old 03-19-2009, 06:42 AM   #4
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Fucking amazing. Market goes up and the dollar drops. And has been dropping for a week
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Old 03-19-2009, 06:45 AM   #5
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Old 03-19-2009, 06:51 AM   #6
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U.S. Dollar Has Third Biggest One-Day Decline Ever

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The US Dollar index had its third biggest one-day decline yesterday since daily pricing began back in 1970. After the Fed announced that they will be purchasing US Treasuries and other assets, the Dollar fell sharply and ended the day down 2.69%.

As shown in the one-year chart below, the US Dollar index broke below its 50-day moving average Wednesday after breaking below its short-term uptrend a few days ago. The Dollar is still trading above its longer-term uptrend, but the technical damage done in recent days is not a good sign.



Below we highlight all one-day declines of 2% or more for the US Dollar index, along with the percent change on the following day and over the following week. As shown, the average return over the next day and week has been -0.18% following these big down days in the past.


http://seekingalpha.com/article/1267...y-decline-ever
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Old 03-19-2009, 07:05 AM   #7
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Bernanke Inserts Gun In Mouth

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In the meantime, for however long this rally in the market lasts (and it might be a while if the sheeple misdiagnose what's coming - if the newsletters I've seen thus far this evening are any clue, most people have) use it to raise cash and be prepared for some really tough times.

I have been singing this song - raise cash now - for quite some time. Let me be succinct - it has been my considered belief that you need enough in liquid cash - not credit access in the form of credit card available balances or anything similar - for at least six to twelve months. I'm upping that here and now to twelve to twenty-four months - that's right - one to two full years of "minimum necessary to make it" expenses. Figure out right here and now what your minimum "monthly nut" is, and raise 12-24 months of that much in safe, liquid funds.

That's a minimum; if you can in fact have enough available to be able to execute a "bug out" plan where you are able to become effectively self-sufficient on short notice (a couple of months maximum) if necessary, that's even better. Yes, we're talking chickens, goats, enough arable land to grow what you need to survive (bartering for what you don't have with what you do) and the means to defend it. If you live in a big city consider carefully what you intend to do if unemployment goes north of 20% and the city effectively goes feral - if you're interested in "how bad can it get" go drive through major parts of Detroit - bring an armored vehicle for your tour and/or at least semi-automatic weapons.

There's an ill-wind blowing and while this storm has not yet reached the shore, I'm putting up the plywood.
Read it all at the link below. I know half of GFY has the attention span of a nat, but still -- READ IT!
http://market-ticker.org/archives/87...-In-Mouth.html
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Old 03-19-2009, 07:11 AM   #8
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Don't stress. The EU is going to start their printing press soon, for the moment commodities is what you need to get into.

I'm sure Bernanke, also gave the UK the nod to start their printing press too.
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Old 03-19-2009, 07:13 AM   #9
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i bet since this is on bloomberg guys like tony404 can start to believe lol

No he'll never change his mind.



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Old 03-19-2009, 07:17 AM   #10
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Yeah this is scary. im with you on gold, but in my case, silver also.
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Old 03-19-2009, 07:17 AM   #11
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If Iran and / or Venezuala really fancied fucking around right now, and converted all of their oil transactions to the Euro, the shit would really hit the fan for America.
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Old 03-19-2009, 07:26 AM   #12
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Don't stress. The EU is going to start their printing press soon, for the moment commodities is what you need to get into.

I'm sure Bernanke, also gave the UK the nod to start their printing press too.
Yep.

The UK printing press already started and...

ECB Under Pressure to Follow Fed, Economists Say
http://www.bloomberg.com/apps/news?p....VI&refer=home

Quote:
The nightmare scenario that is staring us in the face, right here, right now isn't hyperinflation. It is in fact a collapse of monetary systems driving demand for dollars through the roof in a crescendo of attempted redemptions into collapsed ("no bid") asset prices - a demand that Ben will not be able to meet, as the collateral backing those dollars will have all been exchanged for toilet paper. Whether Bernanke holds all this trash on his balance sheet or manages to scam Treasury into exchanging it for T-bills, the result is the same - there is no collateral behind Bucky and as employment collapses no production to replace it with either.

The mad scramble will be on, and as it happens trade will be choked off by not a collapsing dollar but other currencies collapsing around the world.

Paradoxically, the DX, or dollar index, will skyrocket - not go through the floor - as this plays out.
Read this: http://market-ticker.org/archives/87...-In-Mouth.html
Read this: http://market-ticker.org/archives/87...-In-Mouth.html
Read this: http://market-ticker.org/archives/87...-In-Mouth.html
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Old 03-19-2009, 07:29 AM   #13
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If Iran and / or Venezuala really fancied fucking around right now, and converted all of their oil transactions to the Euro, the shit would really hit the fan for America.
...or if there was a real move towards a new world reserve currency
http://www.telegraph.co.uk/finance/f...ve-easing.html
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Old 03-19-2009, 07:31 AM   #14
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also, mortgage rates are down to 4.68 on 30 year fixed.

Time to refinance.
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Old 03-19-2009, 07:42 AM   #15
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UN wants to ditch the dollar...can you say new world currency
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Old 03-19-2009, 07:44 AM   #16
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...or if there was a real move towards a new world reserve currency
http://www.telegraph.co.uk/finance/f...ve-easing.html
More...
U.N. panel says world should ditch dollar
http://www.reuters.com/article/newsO...52H2CY20090318
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Old 03-19-2009, 07:48 AM   #17
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The real question is.. how will this affect subscription prices for paysites?

Oh it won't! Good good.
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Old 03-19-2009, 08:03 AM   #18
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Need to wait for ECB reaction
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Old 03-19-2009, 08:19 AM   #19
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I like gold and silver. I think silver had more room to move up than gold does. But both should do well once this inflation hits.
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Old 03-19-2009, 08:22 AM   #20
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UN wants to ditch the dollar...can you say new world currency
http://www.wnd.com/news/article.asp?ARTICLE_ID=55595
http://www.reuters.com/article/ousiv...080917?sp=true
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Old 03-19-2009, 08:30 AM   #21
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Old 03-19-2009, 08:32 AM   #22
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but but but, Obama is our savior!
he's going to fix those greedy rich people and give to you poor.

oops, that kinda doesn't work with the dollar worth less, does it.
funny thing is the rabble won't realize this either until its too late.
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Old 03-19-2009, 08:38 AM   #23
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Old 03-19-2009, 08:42 AM   #24
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Change!

and everyone can say "well,... he's only be in officer for x weeks." hopefully, people will get that it doesn't matter when you can (and do) devastate the financial markets with a single speech or action.

Hope!

FRIENDLY REMINDER: Please keep playing the "Bush's Fault" Card before it expires with the conclusion of the Obama honeymoon period.
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Old 03-19-2009, 09:03 AM   #25
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The dollar has been fucked for years now.
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Old 03-19-2009, 11:09 AM   #26
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Bad times are also prosperous in another ways
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Old 03-19-2009, 11:19 AM   #27
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I like gold and silver. I think silver had more room to move up than gold does. But both should do well once this inflation hits.
When the US dollar drops.. they all sell and buy Gold.. it had a massive jump yesterday.
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Old 03-19-2009, 11:29 AM   #28
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The 6th worst drop was on 11/24/08 (well, technically at the time of the drop, it would have been the 5th worst). You have been registered since March 2008, meaning you could have made a thread about this as well.

I did a search and noticed no such similar thread from you. Not concerned about the state of the economy at that time, or...?

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Old 03-19-2009, 11:35 AM   #29
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i bet since this is on bloomberg guys like tony404 can start to believe lol
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Old 03-19-2009, 11:42 AM   #30
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The 6th worst drop was on 11/24/08 (well, technically at the time of the drop, it would have been the 5th worst). You have been registered since March 2008, meaning you could have made a thread about this as well.

I did a search and noticed no such similar thread from you. Not concerned about the state of the economy at that time, or...?

What is your point? Are you trying to say that I am just trying to smear Obama or that the economy is not that bad and I am overreacting?

Either way this thread, and economics in general, seems to be way over your head. Stick to sales and go back to your cheerleaders thread: http://www.gofuckyourself.com/showthread.php?t=893135

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Old 03-19-2009, 11:57 AM   #31
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What is your point? Are you trying to say that I am just trying to smear Obama or that the economy is not that bad and I am overreacting?

Either way this thread, and economics in general, seems to be way over your head. Stick to sales and go back to your cheerleaders thread: http://www.gofuckyourself.com/showthread.php?t=893135

My point wasn't made yet. Instead of actually responding, you chose the difficult task of an ad hominem argument.

But thanks for the wake up call, chief. I didn't realize taking a picture with cheerleaders completely discredits me from other discussions...well, aside from sales, that is (naturally).
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Old 03-19-2009, 12:00 PM   #32
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Dollar decreased because of FOMC putting billions of dollars in the market yesterday... thus, dollar gets weaker...

I got in a 500 pip movement yesterday in FOREX... each pip is 10 bucks, so do the math. ;) great gain for one day of work.. no way you can do that much in adult.
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Old 03-19-2009, 12:07 PM   #33
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Did Obama bring in Bernanke? oops nope he came in under Bush but shit lets blame any more he makes on Obama.
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Old 03-19-2009, 12:10 PM   #34
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Do you see any reason why the dollar should be strong atm?
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Old 03-19-2009, 12:11 PM   #35
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Old 03-19-2009, 12:14 PM   #36
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They're printing money like crazy. Haha.
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Old 03-19-2009, 12:40 PM   #37
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Did Obama bring in Bernanke? oops nope he came in under Bush but shit lets blame any more he makes on Obama.
I blame Bush too... and many more. It is not a partisan issue for me...
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Old 03-19-2009, 12:48 PM   #38
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My point wasn't made yet. Instead of actually responding, you chose the difficult task of an ad hominem argument.

But thanks for the wake up call, chief. I didn't realize taking a picture with cheerleaders completely discredits me from other discussions...well, aside from sales, that is (naturally).
An Ad hominem attack is when you ignore what the person said and simply attack them personally instead of debating the issue. It is not that I was unable to find fault in your argument and thus made a personal attack. But rather you had no argument and by your own admission had no point. That was mine. If you have something substantive to say feel free to contribute...
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Old 03-19-2009, 01:36 PM   #39
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Do you see any reason why the dollar should be strong atm?
Exactly. Nobody, least of all all these girly whiner republicans, is facing the real issue, which is that the american economy is based on nothing.

It's all a giant ponzi scheme. We americans don't have anything to sell that anybody else needs.

Untill we face the truth, which is that we have pissed away our real wealth, everything we do will be hallucination.
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Old 03-19-2009, 02:01 PM   #40
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Exactly. Nobody, least of all all these girly whiner republicans, is facing the real issue, which is that the american economy is based on nothing.

It's all a giant ponzi scheme. We americans don't have anything to sell that anybody else needs.

Untill we face the truth, which is that we have pissed away our real wealth, everything we do will be hallucination.
WHY AGAIN IS THIS A PARTISAN ISSUE????

Both sides are in lalaland on this. I mostly agree with your point about our economy, but how is what most democrats are doing any different than what most republicans are doing? I just do not see it...

What do you think needs to be done to fix the problems with our economy? Do you feel like Obama is on the right track?
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Old 03-19-2009, 02:03 PM   #41
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Yesterday the Fed announced they will be buying up treasury bonds. This has the potential to be hugely inflationary and as expected the dollar puked yesterday. The decline continues today.

This is very good for gold. I already have a stockpile of gold and I am going to increase the percentage of monthly income I invest in bullion substantially now.

The stock market will probably continue to rally now. Enjoy it while it lasts... If you time it right you will make a killing. Many people have recently. I still do not trust the market though and I am staying out.
It's either hyper inflation or a deflationary depression. He chose the lesser of two evils.
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Old 03-19-2009, 02:11 PM   #42
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Exactly. Nobody, least of all all these girly whiner republicans, is facing the real issue, which is that the american economy is based on nothing.

It's all a giant ponzi scheme. We americans don't have anything to sell that anybody else needs.

Untill we face the truth, which is that we have pissed away our real wealth, everything we do will be hallucination.
Wow get a grip. Not sure if you live in the wilds of Wyoming or something but the rest of country has a lot to sell that people want. Seriously, the US is still a powerhouse.
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Old 03-19-2009, 02:48 PM   #43
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Originally Posted by Ethersync View Post
WHY AGAIN IS THIS A PARTISAN ISSUE????

Both sides are in lalaland on this. I mostly agree with your point about our economy, but how is what most democrats are doing any different than what most republicans are doing? I just do not see it...

What do you think needs to be done to fix the problems with our economy? Do you feel like Obama is on the right track?
I'm not certain that you made it one, but others did.

The whiners are out as usual.

The democrats are just as bought and paid for as the republicans were - but the republicans now are trying to stab the country in the back again, after mismanaging things for many years.

No, I don't particularly feel that Obama is facing the hard questions yet. The government stimulus is like giving the patient feeds of plasma and oxygen - nobody in washington has the balls to defy the corporations and start actually closing the wounds.

Is he on the right track? You tell me - you've just been in a car wreck, and are bleeding to death. Do you want plasma or not?

We all have to face the fact that we've been living in a fake economy.
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Old 03-19-2009, 02:51 PM   #44
Bill8
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Wow get a grip. Not sure if you live in the wilds of Wyoming or something but the rest of country has a lot to sell that people want. Seriously, the US is still a powerhouse.
If you say so.

We will see.

If it's true, then there's nothing to worry about.
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Old 03-19-2009, 03:33 PM   #45
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Old 03-19-2009, 04:00 PM   #46
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That's real eye-opener.
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Old 03-19-2009, 04:43 PM   #47
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Bugger gold, go oil. I'd wager we'll see more of a spike in oil in 18-24 months than gold.

Also lol @ using Glenn Beck in anything other than an argument over the benefits of Kool Aid over Dr Pepper to mask the taste of cyanide.
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Old 03-19-2009, 04:57 PM   #48
Pleasurepays
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the most insane part about all this is everyone chanting "bush was an asshole" - so "give Obama a chance" and they don't seem to even seem to understand the actual economics and whats going on right now.

instead of suffering through the short term pain letting a bunch of shitty and failed companies die and let the economy adjust which really doesn't take very long, we are creating very real and very serious long term problems.

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Old 03-19-2009, 05:19 PM   #49
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Glenn Beck is a fag.
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Old 03-19-2009, 05:26 PM   #50
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why must they fuck up everything all the time?
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