Why I'm angry at Bernanke

[FGBS]

Quote from detective:

Its a cheeky move by Heli Ben, basically telling foreigners to shove it and accept a lower rate for their dollar holdings and daring them to expatriate dollars. Like the daredevil bluffer who doesn't think the opponents will call. Well, you keep bluffing with garbage hands, pretty soon people will catch on and start calling your bets. LMAO.

Detective you are hilarious... If you know exactly what ben is doing, what is going to happen to the housing market, what is going to happen to saving rates and where the economy is going why not sit down and think of some way to benefit from all this knowledge as opposed to worrying about the coouple of bucks you have on your savings account.
Ever heard of the trend is your friend? Well the trend is that average US per capita debt is rising (not a choice of the average indivdual but a choice made from above)... find someway to benefit instead of getting pissed off at the trend...
Last point, why do you think ben did this? and which group of people do you think most influenced his decision?

 

[LT701]

Quote from makloda:

Whining about Bernanke on a message board won't help your personal situation, but you can always buy gold futures, short treasuries or short the USD and buy inflationary assets (stocks, real estate, invest in PE) instead of complaining. If you're really paranoid, buy physical gold and put it in a safe somewhere. It's not like you have no options.

there are those, who seem compelled whenever they hear a concern about anything, to accuse of 'whining', and it does seem, that you're one of them

the starter of this thread has made a very valid point, that the fed has been very cruel to the prudent

your 'remedy' of just 'buying gold' is hardly without risk, as anyone who has bought PM can tell you

 

[makloda]

Quote from LT701:
your 'remedy' of just 'buying gold' is hardly without risk, as anyone who has bought PM can tell you

Exactly that's the problem I have with these "whining threads". People love to whine but when it's up to them to make decisions to protect their assets they shy away from the potential risks or shall we say insurance premiums to be paid!

If you wish to protect your house, you buy insurance. If you wish to protect your financial assets, buy options or other derivatives to protect your assets. Blaming the evil government and central banks is so much easier but not nearly as effective.

 

[detective]

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/19/bcnsaudi119.xml


Boys, its only getting started, the Saudis are calling Bennie's bluff, its a start of a new trend, the guy wearing the cowboy hat has been bluffing this whole time and dumb foreigners are just catching on. Wait till the guys with the chips, China and Japan catch on, it will get nasty out there. It will have massive repercussions especially for the yen carry trade.

 

[LT701]

Quote from makloda:

Exactly that's the problem I have with these "whining threads". People love to whine but when it's up to them to make decisions to protect their assets they shy away from the potential risks or shall we say insurance premiums to be paid!

If you wish to protect your house, you buy insurance. If you wish to protect your financial assets, buy options or other derivatives to protect your assets. Blaming the evil government and central banks is so much easier but not nearly as effective.

they know that

people are just expressing valid frustration

and you're just being a self rightious jerk

we registered about the same time last year, and your posts outnumber mine by about 3 to 1

i'd say a lot of the hot air on this site is coming from you, more than those you accuse - you're the one who needs to put a sock in it

 

[FGBS]

Quote from detective:

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/19/bcnsaudi119.xml


Boys, its only getting started, the Saudis are calling Bennie's bluff, its a start of a new trend, the guy wearing the cowboy hat has been bluffing this whole time and dumb foreigners are just catching on. Wait till the guys with the chips, China and Japan catch on, it will get nasty out there. It will have massive repercussions especially for the yen carry trade.

So you sold the $ against the Euro, the Yen and the GBP?

 

[makloda]

Quote from LT701:
they know that

people are just expressing valid frustration

and you're just being a self rightious jerk

Once the arguments are lacking people like you try to get personal. I am not surprised.

Go on calling people names, go on whining about central banks or "rigged markets" and "be frustrated" about government institutions. You are going to prosper.

 

[detective]

Quote from FGBS:

So you sold the $ against the Euro, the Yen and the GBP?

I am short $ versus Euro and Yen. I think the Yen is the most undervalued big currency out there because of the yen carry trade.