Posted by marketguy on 6th of Oct 2010 at 11:07 pm
I'm afraid it's too late my friend....can you imagine what would
happen if they did try to shut them down and then got a
"true" look at their books in order to unravel everything they've
down (especially since 2008)?....I think the market would be closed
for who knows how long when it all came out....even a bear would
not desire such a catastrophe....
I have no idea what the answer is though....
quote from Thomas Jefferson (hell, he knew what would happen way
back in the early 1800's!):
The central bank is an
institution of the most deadly hostility existing against the
Principles and form of our Constitution. I am an Enemy to all banks
discounting bills or notes for anything but Coin. If the American
People allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and
corporations that will grow up around them will deprive the People
of all their Property until their Children will wake up homeless on
the continent their Fathers conquered.
Posted by marketguy on 6th of Oct 2010 at 10:44 pm
c'mon, really loveit? this post isn't about "fighting the
Fed" it's about the Fed becoming the "2nd" largest holder of our
debt (using our own tax dollars in order to do that in a misguided
attempt to revive an economy that is not able to stand on its
own).
the old adage of not fighting the Fed was about them raising or
lowering the Fed funds rate (which has become a non issue for
almost 2 years now) not this BS POMO purchase plan
that will soon allow them to overtake China and become the number
"1" holder of our debt.
Do you really not see a problem with that?
POMO and the stock market are irrelevant in this discussion it's
the mere fact that due to their actions whether you are a bull or
bear this will end in tears in time....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
pomo is just a new twist to the old investment saying DONT FIGHT THE FED
I don't care....
Posted by loveit on 6th of Oct 2010 at 10:26 pm
END THE FED!!!!!
Posted by jtverr on 6th of Oct 2010 at 10:55 pm
END THE FED!!!!!
I'm afraid it's too late
Posted by marketguy on 6th of Oct 2010 at 11:07 pm
I'm afraid it's too late my friend....can you imagine what would happen if they did try to shut them down and then got a "true" look at their books in order to unravel everything they've down (especially since 2008)?....I think the market would be closed for who knows how long when it all came out....even a bear would not desire such a catastrophe....
I have no idea what the answer is though....
quote from Thomas Jefferson (hell, he knew what would happen way back in the early 1800's!):
The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.
c'mon, really loveit? this post
Posted by marketguy on 6th of Oct 2010 at 10:44 pm
c'mon, really loveit? this post isn't about "fighting the Fed" it's about the Fed becoming the "2nd" largest holder of our debt (using our own tax dollars in order to do that in a misguided attempt to revive an economy that is not able to stand on its own).
the old adage of not fighting the Fed was about them raising or lowering the Fed funds rate (which has become a non issue for almost 2 years now) not this BS POMO purchase plan that will soon allow them to overtake China and become the number "1" holder of our debt.
Do you really not see a problem with that?
POMO and the stock market are irrelevant in this discussion it's the mere fact that due to their actions whether you are a bull or bear this will end in tears in time....