Orchestrated rate cut

[avatar4321]

Ive been surfing the news channels and they are all talking about how there has been a world wide coordination to lower rates.

Glenn is talking about China calling for one world currency. France is apparently calling for a new world order.

Im not a conspiracy type. So what the heck is going on? Is this really that bad?

Regardless, money is now incredibly cheap. They are intentionally devaluing the dollar. (and yes i know im sounding like Ron Paul). And this can get dangerous. We've never seen this much money in the system.

[Gaffer]

They all want a new world order. The problem is they all want to be chief.

[Kathianne]

I disagree. It has nothing to do with the conspiracy idea of 'one world' rather they are truly in a panic about the markets. If the governments would calm down and stop trying to inject themselves. the markets too would calm down.

[manu1959]

bankers and business men run the world......

[avatar4321]

bankers and business men run the world......

really? I thought bankers and business men would be smarter.

It seems like idots and socialists run the world... but then im repeatng myself.

[mundame]

It's a coordinated rate cut, all right. The Wall Street Journal front page leads with four graphs showing simultaneous rate cuts in the U.S., EU, Britain, and China. I believe the president is credited with setting that up with those calls he made a couple days ago.

Makes sense to me. They are throwing everything at this, everything.

This government -- ours -- may nationalize ("buy into" is the euphemism being used now) many banks here, that's the headlines today.

They are seriously, seriously scared.

Reminds me of the state trooper in Stephen King's The Stand, who comes to see his cousin at the filling station where the infected people came in a couple nights before; he says they flew a lot of doctors in from Atlanta, "and they looked scared. I didn't much care to see doctors look that scared."

After that 99.7% of the people on Earth die in The Stand, so I guess I feel like the trooper --- if they're scared, I'm scared.

[manu1959]

really? I thought bankers and business men would be smarter.

It seems like idots and socialists run the world... but then im repeatng myself.

maybe the bankers and businessmen are socialist idiots......however it would seem they got the govt to fund their high risk adventure....

[mundame]

maybe the bankers and businessmen are socialist idiots......however it would seem they got the govt to fund their high risk adventure....


I see this differently from some of you ---- I don't think any of the people who did the things that got us into trouble are being bailed out or rescued; it's the banking system itself that is being rescued, or at least they are trying to. Whoops, the market is heading down again........

Could be a challenge.

The PEOPLE are being hauled before Congress and yelled at one after the other. The CEOs are all being fired; the employees lose not only their jobs but also the stock they hold in the company becomes worthless, they lose all their retirement savings this way. The money men are becoming jobless to the point that New York State fears a serious state recession from the lack of their taxes. Stocks are going down like a rock, a BIG and heavy rock, so no one is winning.

You might think the short sellers are winning, but the hedge funds (who do a lot of short selling) are dropping like flies, so I guess not.

These men by the dozens and hundreds are facing hearings and jail -- you don't think there will be a LOT of investigations? Oh, yes, there will. And I don't even think they mostly meant to do wrong: everybody was doing this stuff, buying these toxic securities that suddenly lost value!! If they had had any idea this would happen, they wouldn't have done it.

This is all over the world. How can so many people be criminals? Of course they can't. They simply didn't know this was going to happen --- it was a series of mistakes.


Barney Franks, on the other hand, pretty much started it with this promotion of liar loans through Fannie Mae and Freddie Mac and I'd like to see him have to take responsibility for what he did.