[LS]

Seems to me common sense you would inject some money into the system before Christmas. Duh. Banks always need lots of cash on hand.

It's worth noting that paper money only consitutes about 7% of all "money" that is on the books. So in times where there will be a lot of commerce, it stands to reason the Fed would boost the actual supply of dollars.

[Ninian Dryhope]

"Iraq threatened to do what Iran has threatened to do just before we went in looking for weapons of mass disappearance."

Author shows himself to be a moonbat and thus he may be safely ignored.

[OpusatFR]

My head hurts.

The Inflationary/Deflationary camps are all over the map this morning.

Did you read Jas Jain's deflationary reckoning?

As I said, my head hurts.

[Havoc]

The more they print, the more they devalue the dollar. Problem is, there is less actual money in our economy because of offshoring - it's now in other economic markets instead of the US. But the US is still consuming the products produced by jobs that used to be here. Free trade turned the US into a bake sale. The strength we built is being given away for donations to re-election campaigns. The fed is doing one of two things: trying to bail water with a seive, or speeding up our decline. The two approaches look a lot alike.

[montag813]

The recent rise in Gold...

Took him awhile but eventually he got to his motivating rationale for this claptrap. To get you to buy gold to increase his profits.

[nj_pilot]

If a substantial amount of oil transactions will suddenly be conducted in Euros instead of Dollars, this should put pressure on the Dollar as folks exchange Dollars for Euros, jeopardizing the Dollar’s status as the world's reserve currency, making it more difficult to print all the dollars the Fed wants to without driving the Dollar into the ground.

Hogwash. Transacting oil in Euro instead of dollars may mean that the buyers need Euro's to buy the oil. Fine. But what about the sellers? they now have euro's that they need to convert (sell) into whatever currency they need to use for other transactions. So the buying pressure on the dollar that goes away is exactly offset by the decline in selling pressure that the crude sellers exert.

the author's analysis is either half-baked or deliberately misleading. Either way it is hogwash.

[zeugma]

Regardless of issues of 'moonbatism', or 'goldbugism', IMO, we need more transparency from the Fed, not less.

[Toddsterpatriot]

On November 10th, 2005, shortly after appointing Bernanke to replace Greenbackspan, the Fed mysteriously announced with little comment and no palatable justification that they will hide M-3 effective March 2006. M-3 has been the main staple of money supply measurement and transparent disclosure since the Fed was founded back in 1913. It is the key monetary aggregate that includes Fed Repo transactions, that mechanism whereby the Fed increases reserves.

Maybe a goldbug on this thread can explain why M3 is so important? This clown says hiding M3 will allow the Fed to increase the money supply and no one will notice. Maybe he doesn't know the definition of a Repo?

Repurchase agreements(when transacted by The Federal Open Market Committee of the Federal Reserve) initially add reserves to the banking system and then withdraw them; reverse repos initially drain reserves and later add them back.

Or maybe he doesn't understand the difference between temporarily adding reserves and permanently adding reserves? Goldbug clarification of his fear would be greatly appreciated. Quickly, before the Hindenburg Omen becomes a reality. LOL!!

[Always Right]

I wish we would ban postings from Financial Nonsense Online. It is pure crap.

[RunningWolf]

Injecting $50, $100 Billion? That's nothing in our economy.

Wolf

[RunningWolf]

IMO.., One of the best things that ever happened for the US, was to disconnect its currency pegged to Gold.

Why? There ain't enough gold in the whole world to cover the US.

Wolf

[RunningWolf]

hubbubhubbub,

I might not agree with your ideas, but that is what a market makes.., Not?

For this end.., We might get a Freeper ping list going on these topics. I ask you, (from this part-time amateur CBOT TBond futures trader).

What say you?

Regards

Wolf