Greenspan says US interest rates going to double digits

[nitro]

Quote from athlonmank8:

The dollar is at an all-time low. Do you understand what even a 50 point basis cut is going to do to it?

Uh,

That is not clear at all. Although imo it will do what you are suggesting it will. But you know, the opposite is not illogical by any means. For example, the last two times the FED cut aggressively in the last 15 years, the dollar actually gained against other currencies It depends on many contingencies, none of which are in your face obvious this time around.

nitro

 

[gnome]

Quote from Avid_Consumer:

You got me curious.. i've always wondered exactly how money supply growth matches up to population growth so i did a little digging

from 1959 to 2005, US population has grown by 67% while M3 grew by 3185%

That Sir, is the crux of the entire problem.

 

[gnome]

Quote from luckyluciano:

"... This will not change untill we no longer have this thing called GREED! Our human weakness!

Inflation and currency debasement are not caused by a greedy populace nor greedy investors... but rather by greedy government. Criminally so, in my view.

 

[nitro]

Quote from luckyluciano:

... You have to remember like I do what my parents paid for their 1st house! $28,000! Today that same house is worth $400K in only 4 decades! What do U think created that? Inflation! Printing of Money! What they call Growth! Increasing Population! Immigration to North America over the long term!

..

Inflation inflates $1 to .05 approximately every forty years. 5% of $400k is approximately $28k, plus or minus noise.

nitro

 

[syswizard]

Quote from gnome:

That Sir, is the crux of the entire problem.

And NOW we're going to pay for it.
This is the "END GAME".
Next 10 years could be mean for long term investors.

 

[vectors101]

Some countries don't even trust their own gov't to create their own currency and have to use the US dollar as the national currency.

Quote from gnome:

Inflation and currency debasement are not caused by a greedy populace nor greedy investors... but rather by greedy government. Criminally so, in my view.

 

[luckyluciano]

Quote from gnome:

Inflation and currency debasement are not caused by a greedy populace nor greedy investors... but rather by greedy government. Criminally so, in my view.

who do u think controls the government...not the electorate!!

 

[luckyluciano]

Quote from syswizard:

And NOW we're going to pay for it.
This is the "END GAME".
Next 10 years could be mean for long term investors.

R U blind! There has been so much printing of money...eventually leading to massive inflation of the numbers so the current debt will seem trivial...they know very well what they're doing and they've been doing it all your life!!!!!...NOTHING NEW HERE! The HAVES will be Having alot more... BUY long term assets if u want to be one of the HAVES. Some can't see the forest for the trees!

 

[daddyeaux]

says it all

 

[stock_trad3r]

Remember when the senile greenspan predicted a 1/3 chance of a recession in Feb 26th 2007? What ever happened to that?