US Federal Reserve to reduce stimulus
 

http://mobile.abc.net.au/news/2013-1...rogram/5166316

Will be interesting to see how global markets react.

No action till after June 2015 please...my investments are reliant on it/that/them :o

Too bad they just don't shut voluntarily disband, need to do away with the Fed, cause of many, many problems.

Deny the fat cats their gratis addiction?
Riiiight.:hmmm:

Pity we can't just go back to the gold standard. I think fiat currency has much in common with a balloon. It takes up space while lacking substance, the larger the volume the weaker it gets, and all you need is a sharp enough object to make it burst.

Yup it only takes one prick.:hmmm:

Whereas arbitrarily tying currency value to a piece of metal makes a lot of sense.

A piece of metal that has maintained value for thousands of years. Seems better than nothing.

And is finite. You can't conjure gold up out of thin air with the snap of your fingers, or with a printing press for that matter.

A piece of metal that fluctuates wildly in value, which replaced a piece of metal which caused huge problems with its wild fluctuations in value.
You don't fix a failed system by returning to a system that already failed.

I'm guessing that if China or North Korea uncovered a large gold seam we'd be hearing a lot more about how great a silver standard would be.

Turn the taps off...Man that is a good one. :haha::har::haha::rotfl2::haha::har::haha:

Or how cheap you can buy pot noodles at the local supermarket :O:

Only until someone discovered some more silver
Or until the price of gold made currently uneconomical methods of extraction viable, or synthetic gold made the finite supply not so finite after all.:hmmm:
The gold standard, the Beckian magic bullet for the worlds economy....or not?

Gold?
Nah, diamonds is the way to go. Indestructable, easy to smuggle and they don't weigh a ton.:up:

And their value is upheld through corrupt market manipulation, cartel pricing and conflict exploitation.

No worse than gold from an economic standpoint, but equally pointless and arbitrary

Diamonds can also be manufactured.

http://www.usinflationcalculator.com/


Its "comforting" to know, that in my lifetime, from the time i graduated high school in the 90's, to the present; the value of the dollar has inflated 66%, or in other words, has lost over half its value from then to now.

:yep:

Back in the mid-'70s I worked for Utah's sole hobby distributor, Douglas Models. Jack Douglas, the owner, once told me that new money is worth less but real money doesn't devalue. His example was the common saying then that at the turn of the 20th century you could buy a steak dinner for a quarter. Jack said that a quarter from 1890 would still buy a steak dinner.

I always thought that was an interesting way to look at it.