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#11
09-10-2007, 07:56 PM
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Re: I think the federal rates are going to go up.
[ QUOTE ]
No... the goal of the Fed is not to make profits on their lending, it's to guide the economy between recession and inflation by adjusting short term rates appropriately. I will bet you any amount of money at 100:1 that the Fed does not raise rates at their next meeting. [/ QUOTE ] you should make that bet on the market and make a lot of $$$ 
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#12
09-11-2007, 06:22 PM
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Re: I think the federal rates are going to go up.
No one in the market would be dumb enough to take that bet.
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#13
09-11-2007, 06:26 PM
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Re: I think the federal rates are going to go up.
CLASSIC THREAD
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#14
09-11-2007, 09:42 PM
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Re: I think the federal rates are going to go up.
Okay well I didn't mean for you to think that I could guess what they are going to do at the next meeting but I would take odds that the rate cut everybody is talking about is not coming. Then again I could be wrong but I would be willing to take a bet that rates aren't going down.
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#15
09-11-2007, 10:01 PM
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Re: I think the federal rates are going to go up.
[ QUOTE ]
Okay well I didn't mean for you to think that I could guess what they are going to do at the next meeting but I would take odds that the rate cut everybody is talking about is not coming. Then again I could be wrong but I would be willing to take a bet that rates aren't going down. [/ QUOTE ] You can do take this bet very easily by shorting the major indices..considering they have been going up on the assumption that rates are going down. James
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#16
09-11-2007, 10:19 PM
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Re: I think the federal rates are going to go up.
Cash in USDollars is the ultimate unsecured debt instrument.
It's a promise to pay, backed by absolutely nothing of value. See also: http://www.google.com/search?hl=en&c...amp;btnG=Search
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#17
09-11-2007, 10:25 PM
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Re: I think the federal rates are going to go up.
[ QUOTE ]
Cash in USDollars is the ultimate unsecured debt instrument. It's a promise to pay, backed by absolutely nothing of value. See also: http://www.google.com/search?hl=en&c...amp;btnG=Search [/ QUOTE ] This country is on the verge of decay.
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#18
09-12-2007, 12:21 AM
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Re: I think the federal rates are going to go up.
[ QUOTE ]
This country is on the verge of decay. [/ QUOTE ] That's been said since 1776. Good Ghandi I love perma-bears like him.
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#19
09-23-2007, 05:09 PM
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Re: I think the federal rates are going to go up.
Promise to pay what? to who?
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#20
09-23-2007, 05:35 PM
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Re: I think the federal rates are going to go up.
[ QUOTE ]
Promise to pay what? to who? [/ QUOTE ] He is saying that every dollar is born out of debt. For every dollar created it comes with the assumption that it will be paid back to the creator in full plus interest obtained from someone else who also borrowed money. Putting the assumption aside that this means that there is not enough money to pay off the debt without taking out more debt to pay off the previous debt it also means that money is a promise to pay and doesn't have any real intrinsic value. Breaks down to money as an idea and not an object of value.
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