US Federal Reserve to reduce stimulus

TarJak · 12-18-13, 03:10 PM

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

Will be interesting to see how global markets react.

Jimbuna · 12-18-13, 05:38 PM

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

Bubblehead1980 · 12-18-13, 06:04 PM

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

Wolferz · 12-19-13, 06:02 AM

Quote:

Originally Posted by Bubblehead1980

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.

Ducimus · 12-19-13, 01:31 PM

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.

Wolferz · 12-19-13, 03:12 PM

Quote:

Originally Posted by Ducimus

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.

Tchocky · 12-19-13, 04:13 PM

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

August · 12-19-13, 06:44 PM

Quote:

Originally Posted by Tchocky

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.

Ducimus · 12-20-13, 06:51 AM

Quote:

Originally Posted by August

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.

12-20-13, 07:29 AM

Quote:

Originally Posted by August

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

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.

Tchocky · 12-20-13, 08:21 AM

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.

STEED · 12-20-13, 09:23 AM

Turn the taps off...Man that is a good one.

Jimbuna · 12-20-13, 04:00 PM

Quote:

Originally Posted by Tchocky

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.

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

12-21-13, 03:57 AM

Quote:

Originally Posted by Tchocky

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.

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.

The gold standard, the Beckian magic bullet for the worlds economy....or not?

Wolferz · 12-21-13, 07:49 AM

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

12-18-13, 03:10 PM	#1
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	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.

12-18-13, 05:38 PM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,473 Downloads: 63 Uploads: 13	No action till after June 2015 please...my investments are reliant on it/that/them __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

12-19-13, 04:13 PM	#7
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Whereas arbitrarily tying currency value to a piece of metal makes a lot of sense. __________________ [SIGPIC][/SIGPIC]

12-20-13, 08:21 AM	#11
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	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. __________________ [SIGPIC][/SIGPIC]

12-20-13, 09:23 AM	#12
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Turn the taps off...Man that is a good one. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

12-18-13, 06:04 PM	#3
Bubblehead1980 Navy Seal Join Date: Apr 2009 Location: Florida USA Posts: 7,100 Downloads: 605 Uploads: 44	Too bad they just don't shut voluntarily disband, need to do away with the Fed, cause of many, many problems.

12-19-13, 01:31 PM	#5
Ducimus Rear Admiral Join Date: May 2005 Posts: 12,987 Downloads: 67 Uploads: 2	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.

12-21-13, 07:49 AM	#15
Wolferz Navy Seal Join Date: May 2007 Location: On a mighty quest for the Stick of Truth Posts: 5,963 Downloads: 52 Uploads: 0	Gold? Nah, diamonds is the way to go. Indestructable, easy to smuggle and they don't weigh a ton. __________________ Tomorrow never comes