Follow @PoliticsIE
 
 
 
Page 1 of 5 12345 LastLast
Results 1 to 10 of 49

Thread: 33 Momentous Hours in the Last Days of Central Banking begin this evening

  1. #1

    Default 33 Momentous Hours in the Last Days of Central Banking begin this evening

    This evening at 6:15 the Federal Reserve will announce the extent of its second round of Quantitative Easing program after its postponed October meeting to coincide with the mid term elections. "Economists" expect an announcement of $500 Billion, but as was mentioned in a previous thread here, Goldman Sachs says it needs to be up to $4 Trillion. No doubt $500 Billion will just be the start to avoid a dollar collapse, but to what extent has the equity markets priced in the decision? BTW rate will be held at 0.25%

    18 Hours later the Bank of England makes its decision on rates (will keep them at a record low of 0.5%) and also if and when its QE2 kicks off. The extent of the Federal Reserve decision will influence to a certain degree their levels of QE2, as a weak dollar would harm their exports.

    Within an hour the ECB makes it decision, expected to keep rates at 1%. But Trichet's interview at 1:30pm our time, will be closely monitored for any hint of QE1 as a weak dollar would harm Eurozone exports.

    Finally after midnight the Bank of Japan is expected to hold its rate at 0.1%, but again with the Yen now at near record heights against the weakening dollar, they may have to manipulate its currency and continue with its 10 year QE program.

    Within 33 hours critical decisions from the Central Banks representing 50% of the world economy's GDP are being made that will determine how finite the existance of central banking, fractional reserve banking and fiat currency really is. Even Mervyn King, head of the Bank of England has called for the end of Fractional Reserve Banking.

    These are momentous days that we live in, lets hope it is all part of the Second Renaissance.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  2. #2
    Politics.ie Member HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    11,904
    Mentioned
    0 Post(s)

    Default

    keep an eye out for low-flying helicopters CS!
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

  3. #3
    Politics.ie Member firefly123's Avatar
    Join Date
    Dec 2009
    Posts
    26,841
    Mentioned
    0 Post(s)

    Default

    So will I stick me money under the mattress or invest in tinned goods again. Seriously the missus is getting a right pain eating beans!(could be gas)

  4. #4

    Default

    Interesting OP CS
    Presume lords and masters will somehow keep the circus going until a butterfly flaps its wings in a south american jungle and the financial system collapses under its own weight. Looks like it will be back to gold, silver and platinum, local currencies and bartering soon.
    actually we are nearly there...

  5. #5
    Politics.ie Member HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    11,904
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by firefly123 View Post
    So will I stick me money under the mattress or invest in tinned goods again. Seriously the missus is getting a right pain eating beans!(could be gas)
    buy stocks obviously
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

  6. #6
    Politics.ie Member needle_too's Avatar
    Join Date
    Aug 2007
    Posts
    924
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Cassandra Syndrome View Post
    Even Mervyn King, head of the Bank of England has called for the end of Fractional Reserve Banking.
    I'd like to see a link for that please.

  7. #7
    Politics.ie Member Asparagus's Avatar
    Join Date
    Apr 2010
    Posts
    4,879
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by HarshBuzz View Post
    buy stocks obviously
    or irish government bonds

    We should get our bonds sponsered

    Like

    10 Year Charmin Ultra Irish Government Bond
    ANGER IS A POLICY, GET OFF YOUR KNEES

  8. #8
    Politics.ie Member firefly123's Avatar
    Join Date
    Dec 2009
    Posts
    26,841
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by HarshBuzz View Post
    buy stocks obviously
    Pork bellies or the consolidated blimp company?

  9. #9
    Politics.ie Member Telemachus's Avatar
    Join Date
    Apr 2004
    Location
    A Dirac Sea
    Posts
    6,570
    Mentioned
    0 Post(s)

    Default

    Confederated Slave holdings. How's that one holding up?
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

  10. #10
    Politics.ie Newbie
    Join Date
    Jul 2010
    Posts
    9
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by needle_too View Post
    I'd like to see a link for that please.
    Are we near the end of fractional ban... - Google News

Page 1 of 5 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •