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-   -   Fuck You Bernanke - Dollar is getting RAPED! (https://gfy.com/showthread.php?t=894633)

Ethersync 03-19-2009 06:26 AM
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.

Ethersync 03-19-2009 06:29 AM
Quote:
?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

geedub 03-19-2009 06:34 AM
i bet since this is on bloomberg guys like tony404 can start to believe lol

pornguy 03-19-2009 06:42 AM
Fucking amazing. Market goes up and the dollar drops. And has been dropping for a week

seeandsee 03-19-2009 06:45 AM
Sick: 1 EUR = 1.36565 USD

Ethersync 03-19-2009 06:51 AM
U.S. Dollar Has Third Biggest One-Day Decline Ever

Quote:
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.

http://static.seekingalpha.com/uploa...ad_dollar1.png

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://static.seekingalpha.com/uploa...ad_dollar2.png
http://seekingalpha.com/article/1267...y-decline-ever

Ethersync 03-19-2009 07:05 AM
Bernanke Inserts Gun In Mouth

Quote:
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

GetSCORECash 03-19-2009 07:11 AM
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.

LiveDose 03-19-2009 07:13 AM
Quote:
Originally Posted by geedub (Post 15648521)
i bet since this is on bloomberg guys like tony404 can start to believe lol

No he'll never change his mind.



'Spare Change You Can Believe In'

casinojack 03-19-2009 07:17 AM
Yeah this is scary. im with you on gold, but in my case, silver also.

Twistys Tim 03-19-2009 07:17 AM
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.

Ethersync 03-19-2009 07:26 AM
Quote:
Originally Posted by SCORE-Cash (Post 15648602)
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

Ethersync 03-19-2009 07:29 AM
Quote:
Originally Posted by Twistys Tim (Post 15648617)
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 :Oh crap
http://www.telegraph.co.uk/finance/f...ve-easing.html

bronco67 03-19-2009 07:31 AM
also, mortgage rates are down to 4.68 on 30 year fixed.

Time to refinance.

JC Maldini 03-19-2009 07:42 AM
UN wants to ditch the dollar...can you say new world currency

Ethersync 03-19-2009 07:44 AM
Quote:
Originally Posted by Ethersync (Post 15648654)
...or if there was a real move towards a new world reserve currency :Oh crap
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

Iron Fist 03-19-2009 07:48 AM
The real question is.. how will this affect subscription prices for paysites?

Oh it won't! Good good.

e-god 03-19-2009 08:03 AM
Need to wait for ECB reaction

IllTestYourGirls 03-19-2009 08:19 AM
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.

Martin 03-19-2009 08:22 AM
Quote:
Originally Posted by JC Maldini (Post 15648685)
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

Twistys Tim 03-19-2009 08:30 AM
http://4.bp.blogspot.com/_otfwl2zc6Q...0/zimbabwe.jpg

12clicks 03-19-2009 08:32 AM
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.

xmas13 03-19-2009 08:38 AM
http://www.hh-forums.com/MoviePoaste...2_Doomsday.jpg

Pleasurepays 03-19-2009 08:42 AM
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.

Reak AGV 03-19-2009 09:03 AM
The dollar has been fucked for years now.

John-ACWM 03-19-2009 11:09 AM
Bad times are also prosperous in another ways

Magnus 03-19-2009 11:19 AM
Quote:
Originally Posted by IllTestYourGirls (Post 15648777)
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.

Redmanthatcould 03-19-2009 11:29 AM
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...?

:2 cents:

Barefootsies 03-19-2009 11:35 AM
Quote:
Originally Posted by geedub (Post 15648521)
i bet since this is on bloomberg guys like tony404 can start to believe lol
:1orglaugh

Ethersync 03-19-2009 11:42 AM
Quote:
Originally Posted by VS_Jeff (Post 15649680)
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...?

:2 cents:
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

:2 cents:

Redmanthatcould 03-19-2009 11:57 AM
Quote:
Originally Posted by Ethersync (Post 15649747)
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

:2 cents:
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).

Lamis 03-19-2009 12:00 PM
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.

slapass 03-19-2009 12:07 PM
Did Obama bring in Bernanke? oops nope he came in under Bush but shit lets blame any more he makes on Obama.

pigman 03-19-2009 12:10 PM
Do you see any reason why the dollar should be strong atm?

who 03-19-2009 12:11 PM
Platinum

Davy 03-19-2009 12:14 PM
They're printing money like crazy. Haha.

Ethersync 03-19-2009 12:40 PM
Quote:
Originally Posted by slapass (Post 15649861)
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... :2 cents:

Ethersync 03-19-2009 12:48 PM
Quote:
Originally Posted by VS_Jeff (Post 15649822)
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...

Bill8 03-19-2009 01:36 PM
Quote:
Originally Posted by pigman (Post 15649877)
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.

Ethersync 03-19-2009 02:01 PM
Quote:
Originally Posted by Bill8 (Post 15650236)
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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