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Zinglons Acolyte
Wizard Ninja



Registered: 12/03/07
Posts: 2,877
Loc: Andromeda Galaxy
Last seen: 9 years, 1 month
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Re: Bernanke is gonna fuck us.... [Re: Asante]
#7893910 - 01/17/08 04:50 PM (16 years, 15 days ago) |
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Quote:
Wiccan_Seeker said: He will fuck your money, but he can't touch your gold.
<img src=http://www.shroomery.org/forums/files/07-006/103230832-small_bullion.jpg>
wiccan and his jew-gold >.<
-------------------- And they wandered off.. nine ways till bedfast. ----- "And lets pray that there's intelligent life somewhere up in space 'cause theres bugger-all down here on earth!" -Monty Python's "The Universe Song" from The Meaning of Life "In the beginning, the universe was created. This has made a lot of people very angry and has been widely considered as a bad move." -Douglas Adams "The Hitchhikers Guide to the Galaxy" "If the words 'life, liberty and the pursuit of happiness' don't include the right to experiment with your own consciousness, then the Declaration of Independence isn't worth the hemp it was written on." -Terence McKenna
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Liquidkick
H2O
Registered: 05/03/02
Posts: 2,635
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I believe the banks do not have much cash. They need a decrease in the fed funds rate. Once the rate is made, banks will have instant cash. This so called professional money will be in the market. This is when the professional money will purchase a large volume of stock increasing the demand. This will pull out the real sellers and they will sell to these banks. They will move into a long position and will generate good news to the market. Retail buyers come out of the wood work and buy up stock further increasing the stock price. Once the price is up enough for the professional money, they will sell a large volume of their stock to the retail buyers. They will sell into strength. Then its another viscous cycle down and up.
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Konyap


Registered: 06/30/07
Posts: 33,945
Loc: Planet Piss
Last seen: 4 years, 2 months
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Re: Bernanke is gonna fuck us.... [Re: Liquidkick]
#7894073 - 01/17/08 05:35 PM (16 years, 15 days ago) |
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this guy needs a fishin rod if he has all that bait
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Bernanke is gonna fuck us.... [Re: Asante]
#7894093 - 01/17/08 05:43 PM (16 years, 15 days ago) |
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Quote:
Wiccan_Seeker said: He will fuck your money, but he can't touch your gold.
you're right - he can't touch your gold. but he can seriously fuck up its value if he does his job and regains investor confidence.
if he gets our economy back on track (which he won't be able to, but he can stave it off) value of metals would go back down due to regained confidence in 'fake money'. I (having econ as one of my majors) am confident in his abilities to do all he can - but sometimes you just cant stop a recession.
I'm enrolled in "The Economics of Money, Banking, and Financial Markets" this system, and my instructor is very excited since this is a GREAT time to be teaching the class. lots of current events to talk about/analyze.
We'll see what Bernanke does
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Bernanke is gonna fuck us.... [Re: memes]
#7895197 - 01/17/08 10:06 PM (16 years, 15 days ago) |
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Quote:
wiccan and his jew-gold >.<
umm, what?
Quote:
he can't touch your gold. but he can seriously fuck up its value if he does his job and regains investor confidence.
I don't think the decline of the dollar is the major driving force behind the price of gold. Sure, gold provides a relatively safe haven against it, but I believe the gold bull-market is part of the much larger trend of just about every possible commodity ascending upwards. There are many factors for that such as high oil price and the like.
Several countries have also begun increasing their gold supply. Gold is now correcting for inflation which it barely has done in decades, and is catching up. The systematic artificial depression of the Gold price by the central banks is failing. The global money supply is sharply on the rise - EVERYBODY is printing surplus money these days.
Sure, mistrust of the dollar is part of it, but not the whole picture.
-------------------- Omnicyclion.org higher knowledge starts here
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Zinglons Acolyte
Wizard Ninja



Registered: 12/03/07
Posts: 2,877
Loc: Andromeda Galaxy
Last seen: 9 years, 1 month
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Re: Bernanke is gonna fuck us.... [Re: Asante]
#7896499 - 01/18/08 08:38 AM (16 years, 14 days ago) |
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lol its a reference to south park
-------------------- And they wandered off.. nine ways till bedfast. ----- "And lets pray that there's intelligent life somewhere up in space 'cause theres bugger-all down here on earth!" -Monty Python's "The Universe Song" from The Meaning of Life "In the beginning, the universe was created. This has made a lot of people very angry and has been widely considered as a bad move." -Douglas Adams "The Hitchhikers Guide to the Galaxy" "If the words 'life, liberty and the pursuit of happiness' don't include the right to experiment with your own consciousness, then the Declaration of Independence isn't worth the hemp it was written on." -Terence McKenna
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