To: Valuepro who wrote (291580) | 10/22/2021 3:30:01 PM | From: Pianoman1997 | | | Go from 120B per month QE and reduce this to zero by June 2022? Unreal plan. I say that when I look at the QE curve over the last 15 years.
Powell is messing with the market to gain sufficient traction on USD. That reminds me of the ''Transitory inflation'' comment. He knew very well that it wasn't transitory.
He's got a job to do and I would not like to be in his shoes. |
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To: Pianoman1997 who wrote (291581) | 10/22/2021 4:45:58 PM | From: Valuepro | | | Right. And the Feds responsibilities are to their member banks, not to those who are forced to use their fiat money and fractional reserve paper.
Formerly, their strongest enemy (or competitive factor) was the Savings and Loan (S&L) industry. With the help of their friends at the Financial Accounting Standards Board (FASB), they crushed S&Ls, taking over many of them during the "S&L Crisis" which began in the late '80s. This was done by changing S&L accounting rules that bankrupted many and caused others to sell their assets (or become banks).
Much later, FASB (for whatever reason) applied the same accounting standards to the banks. The result was the Financial Crisis of 2008 and the collapse of Lehman Brothers, as well as the demise of many smaller member banks of the Fed. Thereafter, brokerage firms were prohibited from engaging in banking, a change that seriously impacted sources of money for mining, particularly for explorers.
But guess what? After some months of damages to all sectors of the US and global economy, FASB reversed themselves leaving the largest Fed member banks stronger than ever, and with even more control over the US financial system. Was this all toward socializing the financial system?
But what about state chartered banks, community banks and credit unions, you may ask? Yes, that is an interesting question. They could be someone's next target for elimination. |
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To: ralfph who wrote (291582) | 10/22/2021 4:56:50 PM | From: Valuepro | | | The Fed, by the nature of its origins, is as much of a political monster as it is a bank. Outsiders are peasants left to ponder the mysteries of their doings. |
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To: Rocket Red who wrote (291577) | 10/22/2021 5:03:09 PM | From: LoneClone | | | All stocks today pump and dumps nothing but a giant casino now
Over the past two years I have done extremely well, more than doubling the value of my portfolioo, by sticking with my buy and hold/trade around a core strategy. I avoid any hint of p&d by only buying companies that have management with solid track records and that have a solid plan of developing value for shareholders using their assets.
Don't make the mistake of thinking your sandbox is the only one.
LC |
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To: LoneClone who wrote (291585) | 10/22/2021 6:08:21 PM | From: ralfph | | | BB - not what I have in mind when thinking P&D , they dropped the ball and by doing so managed to have much of their tech stolen. Might be as big as Apple if they had been smart about protecting themselves when working in the office. As to the market being a casino….. lots of things in life are a gamble in one degree or another. You could buy a Toyota and drive it for 400,000 Kim’s and have no issues - but the one next to it on the lot may have been nothing but a money pit. |
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