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Fed, global central banks move to boost financial system

A

Ausm

Lifer
The Federal Reserve said Wednesday that it joined some of the world's major central banks in a coordinated action to inject liquidity into the global financial system as the euro zone's financial crisis threatens to squeeze credit worldwide.

http://bottomline.msnbc.msn.com/_ne...-central-banks-move-to-boost-financial-system

I think it's a good move and obviously the markets are loving it if you have checked out your stocks today. The Dow is up 400 points alone so far. The move the Feds and world are making will hopefully shore up the Worlds Economy .

I think if something drastic like this would not have occurred we would have most certainly went into another Recession.
 
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You need to comment to fulfill the posting guidelines, Ausm. Please do so- it's an interesting development.
 
This is such garbage we are basically giving money away to the Europeans. Here is an idea they can cut their god damn nanny state. I just wish there was a way for congress to stop what the fed and president are doing. This is a give away there is no chance in hell this money is paid back. We are in a huge hole ourselves and now giving away money so those in greese can retire at 55 while we have to wait till 67. Screw this I will not vote for any one who supports this crap.
 
quest55720 said:
This is such garbage we are basically giving money away to the Europeans. Here is an idea they can cut their god damn nanny state. I just wish there was a way for congress to stop what the fed and president are doing. This is a give away there is no chance in hell this money is paid back. We are in a huge hole ourselves and now giving away money so those in greese can retire at 55 while we have to wait till 67. Screw this I will not vote for any one who supports this crap.
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Lots of misattribution in that.

The move was inevitable in a credit driven global economy whose function is to concentrate income, wealth & power in the hands of a very, very few. The whole idea of ROI depends on growth or on parts of the population sacrificing to serve those at the top. When growth fails to occur, or there's contraction, then the only way to maintain the necessary political illusion is to increase the money supply, & therefore credit. The value of money decreases, but the complex system of paper holdings as wealth is maintained. Concentration continues. Profit appears on ledger sheets of lenders, debt on everybody else's. That debt appears either in terms of personal & business finance, or through an intermediary, govt. American debt arrived in the form of the Ownership Society bubble & collapse. Greek debt arrived in the form of their welfare state. It's pretty much the same thing either way. Lenders profit, and money is siphoned off the top of corporate entities & into the hands of corporate power holders.

Because there's a lag between profit taking in the short term & consequences of over extension of credit in the longer term, power holders benefit enormously from increased volume of lending, which involves greater risk to their corporate steeds, obviously. When too much economic power shifts to the top, collapse occurs because debtors can't meet their obligations.

In a macro sense, the alternative answer is to increase wages or increase redistribution via taxation, so as to reduce the dependence on credit among the general population, but that doesn't serve the purposes of those extending credit, at all.
 
yes it's such a great idea, it's worked so long so far and nothing bad could possibly happen by making the bankers and money movers richer by printing more money on OUR debt and allowing them to collect interest on it. i thought some of you guys were supporters of OWS? lols morons
 
Didn't the Fed already bail them out when all of the major bail outs were rolling out?

Is the jump in the stock market relevant if the steps they're taking make the dollar worth less?
 
smoke and mirrors on top of smoke and mirrors on top of unbelievable valuations on top of lies. And nobody is keeping track of the book entries on any of this voodoo economics. You guys are soo screwed.
 
IGBT said:
smoke and mirrors on top of smoke and mirrors on top of unbelievable valuations on top of lies. And nobody is keeping track of the book entries on any of this voodoo economics. You guys are soo screwed.
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This is true. I find it fascinating that the stock market is jumping incredibly on this news, when the truth is this action is a placeholder on something terrible. The market should be tanking right now.
 
HendrixFan said:
This is true. I find it fascinating that the stock market is jumping incredibly on this news, when the truth is this action is a placeholder on something terrible. The market should be tanking right now.
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They can't see very far ahead, which is related to what JHNNN was saying. What accounts for the majority of the volume of the trades in the stock market day to day? Just hedge fund, investment firms, etc. looking to make a quick buck?
 
This isn't 'giving away' money, it's making it easier for the banks to obtain and transfer it around. This already happens every day and night behind the scenes, just freer now. I don't know the specific details behind it, seems fine though. It's not a bailout, so let's just end that stupid talk right now.
 
Ausm said:
The Federal Reserve said Wednesday that it joined some of the world's major central banks in a coordinated action to inject liquidity into the global financial system as the euro zone's financial crisis threatens to squeeze credit worldwide.

http://bottomline.msnbc.msn.com/_ne...-central-banks-move-to-boost-financial-system

I think it's a good move and obviously the markets are loving it if you have checked out your stocks today. The Dow is up 400 points alone so far. The move the Feds and world are making will hopefully shore up the Worlds Economy .

I think if something drastic like this would not have occurred we would have most certainly went into another Recession.
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So because stocks are up and you personally could gain from it you believe its a good thing . Your belief is based on self gain and not the reality of the put more $$$ into the pool. Just insane thinking . The poor only get poorer as the price index higher .

If These central banks would publish the Chief stockholders in these Central banks 1 families name would be the chief stock owner . Rothschild . These same Central banks will say these are not voting shares and I agree , . What Rothschild says goes period. This is the same family who bargained for the land in palestine to make Judea(Jews) the new state of Israel . This occurred in the early 1900s but didn't get fulfilled by the BRITTS until after WWII. Its time to sink our swimm or at very least tread water,
 
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Demo24 said:
It's not a bailout, so let's just end that stupid talk right now.
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It doesn't really fix anything in Europe either. That's why it is weird seeing the market jump on the news. Austerity measures are still going to happen across the pond, quite a few countries are still going to default in one form or another, but the stock market is responding like everything is in the clear.

Measures like this are bad news, not good news.
 
HendrixFan said:
This is true. I find it fascinating that the stock market is jumping incredibly on this news, when the truth is this action is a placeholder on something terrible. The market should be tanking right now.
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Inflation is good for prices. The market loves making money, and the Feds are just throwing it at them by the trillions.
 
Jaskalas said:
Inflation is good for prices. The market loves making money, and the Feds are just throwing it at them by the trillions.
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Inflation also tends to never have wages keep up, resulting in a net loss for workers. That net loss leads to less buying power supplanted my more debt. I don't know how much more they can push that cycle before it all capsizes, of course assuming that hasn't already happened.
 
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