WWBBD Part 5 (poll)

[Slew Foot]

The Fed meets tomorrow on March 18th, Banks going bust, dollars crashing, oil and gold at all time highs, inflation on the run, and unemployment is up. What does BB do?



I vote for a good old fashioned spiking of the punchbowl with a 100 basis point cut, free money for all(especially if you're a bank)!!!!!

 

[FoBoT]

i'll go with panic

tomrrow, i need to stop at walmart and pickup that ruger 10/22 carbine and 500 rounds of ammo

 

[imported_Lothar]

I'll be in the minority and go with 75 point cut.
I would hope the FED would want to keep some bullets in reserve rather than giving most investors on Wall St. like they've been doing.

Bernanke has a history of giving Wall St. what they want.
Most are predicting a 100-125 point cut.

 

[bobsmith1492]

I moved into a dirt-cheap place with a short lease so I can buy a foreclosed house this summer. And I'm a 15 minute walk from work so no gas for me. And my parents have 100 acres plus grandparents have 200 more with lots of land for crops and hunting if worse comes to worst. Plus 8 shotguns, 6 .22s and 3 bigger rifles makes that part doable enough for quite a while.

This is all worst-case, though, but it's fun to think about!

 

[Agentbolt]

BUY GOLD NOW

 

[ponyo]

Raise rates.

 

[GTaudiophile]

How about show the world we're a worthy investment? How about show the world we can be fiscally responsible?

How about tell BB to do the following...

1) Fire the President & GWB too
2) Fire Congress
3) Bring back the troops...from everywhere
4) Pass a Balanced-Budget Amendment
5) Pass a "no pork" law and/or Amendment, prohibiting any all "ear mark" spending
6) Stop all government services until federal debt is paid off
7) Once paid off, ditch the IRS/current tax structure and replace with consumption tax
8) Tell the states to do steps #4-#7
9) Promote a society that saves and renews instead of spends and consumes
10) Profit?

 

[bobsmith1492]

Originally posted by: GTaudiophile
How about show the world we're a worthy investment? How about show the world we can be fiscally responsible?

How about tell BB to do the following...

1) Fire the President & GWB too
2) Fire Congress
3) Bring back the troops...from everywhere
4) Pass a Balanced-Budget Amendment
5) Pass a "no pork" law and/or Amendment, prohibiting any all "ear mark" spending
6) Stop all government services until federal debt is paid off
7) Once paid off, ditch the IRS/current tax structure and replace with consumption tax
8) Tell the states to do steps #4-#7
9) Promote a society that saves and renews instead of spends and consumes
10) Profit?

Just a little extreme, the country would pretty much croak if one was to cancel ALL government services (roads? kiddies without their daycare schools?) Cutting everything but services required from the government would be a great start, though (mail, roads, military, basic inspections of food and things but that might be for the states anyway).

 

[imported_Lothar]

75 basis point cut.

 

[SoulAssassin]

At first I was like "What Would Bell Biv Devoe Do?"...yeah, extra D but whatever.


/me and the crew used to do her