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Another 50bp rate cut - now 3.0%

Discussions about the economic and financial ramifications of PEAK OIL

Re: Another 50bp rate cut - now 3.0%

Postby I_Like_Plants » Wed 30 Jan 2008, 21:48:05

That's pretty much how it worked!

Paper money always will eventually revert to the value of the raw material of which it's made.
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Re: Another 50bp rate cut - now 3.0%

Postby strider3700 » Wed 30 Jan 2008, 21:48:38

slash it to zero. Then just as everyone is celebrating on wall street let the nukes fly.

Why delay the inevitable?
shame on us, doomed from the start
god have mercy on our dirty little hearts
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Re: Another 50bp rate cut - now 3.0%

Postby Tanada » Wed 30 Jan 2008, 22:20:21

$this->bbcode_second_pass_quote('billg', '')$this->bbcode_second_pass_quote('', 'L')aRouche Demands That the Fed Raise Interest Rates Immediately
http://www.larouchepac.com/news/2008/01 ... ately.html

January 25, 2008 (LPAC)--Lyndon LaRouche today called for the Federal Reserve to immediately raise interests rates--to above the rates of the European Central Bank and the Bank of England. LaRouche issued the call in the context of an existential threat to the United States, coming from the accelerating crash of the post-Bretton Woods monetary system and an all out assault on the U.S. coming from European oligarchical circles, led from London.

While the ECB and other European banks are raising interest rates to bring down the United States, through the triggering of a further crash of the U.S. Dollar, and through a massive move of European and European-steered capital into the U.S.A. to literally "buy up" U.S. banks and corporations at fire-sale prices, Bernanke and company at the Fed are playing into the European assault by further weakening the Dollar through their hyperinflationary interest rate cuts.

The raid on the U.S.A., LaRouche explained, is being run out of Europe, particularly out of London, and the only way to defend the vital national security interests of the United States is by raising interest rates, to protect the value of the Dollar. It were best, LaRouche added, to keep U.S. interest rates slightly higher than those of the ECB and the Bank of England. We are under attack, and it is time that some people in Washington woke up to that fact and determined to fight back. This is one measure that will get the Europeans, particularly the British, howling in anger--that their game is up. American patriots with brains, LaRouche concluded, will agree with me that this is what has to be done. I hope to hear other voices joining me in this call, particularly in light of reports that have crossed my desk, that Bernanke and the Federal Open Market Committee (FOMC) plan to further reduce interest rates in a matter of days, when they convene their next formal meeting.


Is he running for President for the 99th time? If the major US parties select McCain vs Clinton old Lyndon may be getting my vote, I used to belong to his group back in the late 1980's or early 1990's.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Another 50bp rate cut - now 3.0%

Postby Flowerr » Wed 30 Jan 2008, 23:22:48

European central bank?
Bank of England?
Ha you don't actually believe in that stuff do you? That's just a conspiracy theory...

Ha ha ha you loon, there is no europe!
Last edited by Flowerr on Thu 31 Jan 2008, 00:12:29, edited 2 times in total.
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Re: Another 50bp rate cut - now 3.0%

Postby I_Like_Plants » Wed 30 Jan 2008, 23:47:22

Remember it's the same group of the Ur-Parasite, the Jews, whether they're in europe, in London, in Israel, or in the top levels of US media, banking, and scarily, now, even in government itself.
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Re: Another 50bp rate cut - now 3.0%

Postby mattduke » Thu 31 Jan 2008, 00:26:41

Image

Their decision was revealed when they selected gentle Ben. His writings are there for anyone to read.
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Re: Another 50bp rate cut - now 3.0%

Postby Flowerr » Thu 31 Jan 2008, 01:41:57

Iluminaughty putting a hand on a bible, that is rich.
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