Holy Shit They Did It
Comments
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But are the people piloting this move diverse in nature?UW_Doog_Bot said:
How can I put this, it's like we sold someone our rolex at a premium and now in the financial crisis they are short dollars so they are selling us back the rolex at a discount. And even then, it's like we are giving them rez casino tokens instead while laughing in their face.Swaye said:
Finally, something I can understand.Pitchfork51 said:
As a drunken frat boy from a middling institution who majored in finance.....Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
USA rules.
Edit:oh right, and everyone in the whole trailer park is lining up to get this deal. -
The Fed is as old and white as the CIA. The difference is that they aren't a bunch of communists.salemcoog said:
But are the people piloting this move diverse in nature?UW_Doog_Bot said:
How can I put this, it's like we sold someone our rolex at a premium and now in the financial crisis they are short dollars so they are selling us back the rolex at a discount. And even then, it's like we are giving them rez casino tokens instead while laughing in their face.Swaye said:
Finally, something I can understand.Pitchfork51 said:
As a drunken frat boy from a middling institution who majored in finance.....Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
USA rules.
Edit:oh right, and everyone in the whole trailer park is lining up to get this deal. -
I’m with him.Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
Just spent 20 minutes debating if the grandma I was shopping for would prefer to replace her out of stock buttermilk flaky biscuits with original flaky or buttermilk southern style.
Is she more concerned with texture or flavor? -
I want the microchips all made here. This is first and foremost.PurpleThrobber said:
Rebuild the bridges, dams and shit.UW_Doog_Bot said:@YellowSnow you don't get the full import. This is big dick, the sun never sets, we are the Alabama of economics thank you george Washington shit.
That "stimulus" we just released was a fraction of the debt we can now borrow at essentially a zero rate. Hello leverage.
We essentially just had the biggest IPO in history and people were burning their own money just to get a piece.
Lol at Russia and the CCP and their attempts to dump dollars.
Who fucking knows if the US is still smart enough to reap the fruits of this responsibly but this is a Godfather taking over moment.
NineG internet NOW!
Step on their motherfucking throat. USA! USA! USA! is good at this finance shit.
Then invade Venezuela because the Throbber needs to see some Voobs when the travel ban is lifted.
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Microchips and medical for sure. Telecom as well - fuck Huwai's weakass 5G....we can do better, like 55G.YellowSnow said:
I want the microchips all made here. This is first and foremost.PurpleThrobber said:
Rebuild the bridges, dams and shit.UW_Doog_Bot said:@YellowSnow you don't get the full import. This is big dick, the sun never sets, we are the Alabama of economics thank you george Washington shit.
That "stimulus" we just released was a fraction of the debt we can now borrow at essentially a zero rate. Hello leverage.
We essentially just had the biggest IPO in history and people were burning their own money just to get a piece.
Lol at Russia and the CCP and their attempts to dump dollars.
Who fucking knows if the US is still smart enough to reap the fruits of this responsibly but this is a Godfather taking over moment.
NineG internet NOW!
Step on their motherfucking throat. USA! USA! USA! is good at this finance shit.
Then invade Venezuela because the Throbber needs to see some Voobs when the travel ban is lifted.
Food supply is critical as well.
May as well just claim everything down to Venezuela. No reason to venture into Brazil because the porn bush is coming back and we don't need that B-wax shit in the new world.
Costa Rica, Panama, Belize....all sweet vacay spots. Fire up the cruise liners and travel industry again.
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Pretty sure most of this was already in place. A couple of weeks ago they expanded the list of currencies/countries and this week expanded it further (thus the reaction largely baked in?).dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
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TBF this isn't a super change from the norm. As I've said many times, the US is the world reserve currency. The difference is that this crisis has solidified it's position as that and the FED is now openly acknowledging that instead of pretending otherwise. They have now made it easy to swap treasuries for dollars to create certainty in the world market for US treasuries. The only thing is, you are going to take a .25 shaving off as a premium.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
It boils down to the Fed is flexing it's muscles early rather than late in this crisis.
Where else are people going to put their money now? Euros? Rubles? RMB? Oil? Bitcoin? Lol.
Barring the American people voting for a socialist(could happen) the US should be the world reserve currency for another twenty years at least after this. -
It jumped early on some oil deal between the Saudis and Ruskies. Fell back on historically bad unemployment and the usual shit we face these days. So far 19,000 has held as the bottom as we seem to be playing in the 21,000 range. I may open up a hedge fund.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
In other news gas prices are falling below 3$ a gallon in California even with the onerous taxes here. Too bad we aren't supposed to drive anywhere -
After they most likely released the virus accidental or otherwise we should wipe all out China debt off the books as a starter for the damage they have caused us.salemcoog said:
So what tactics can be used to hurt China? They are our true enemy, I do know our economies are co dependent and so we don't want to wreck them. But how do we make them feel pain economically without hurting ourselves in the process.UW_Doog_Bot said:
We just basically had a forcible take over of the world economy. The US Fed is now the world's central bank. Anyone who doesn't play ball is going to be bent over and have the plunger inserted until it hits the back of their nasal cavity from the wrong direction.Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
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Like I said, step on their motherfucking throat.RaceBannon said:
It jumped early on some oil deal between the Saudis and Ruskies. Fell back on historically bad unemployment and the usual shit we face these days. So far 19,000 has held as the bottom as we seem to be playing in the 21,000 range. I may open up a hedge fund.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
In other news gas prices are falling below 3$ a gallon in California even with the onerous taxes here. Too bad we aren't supposed to drive anywhere
No taxes, no revenue. NO revenue, no POS Cali state programs for the non-productive.
When the Feds come in to save their ass, the price is gonna be steep.
See also The Throbber's manifesto on structuring financings. @creepycoug and I are available for consulting on how to fuck/not get fucked for areasonableexhorbitant consulting fee.
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There was no deal. Trump was just making up bullshit as usual.RaceBannon said:
It jumped early on some oil deal between the Saudis and Ruskies. Fell back on historically bad unemployment and the usual shit we face these days. So far 19,000 has held as the bottom as we seem to be playing in the 21,000 range. I may open up a hedge fund.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
In other news gas prices are falling below 3$ a gallon in California even with the onerous taxes here. Too bad we aren't supposed to drive anywhere
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Actually I was making up the bullshit. I was wrong in saying there was a deal
https://foxbusiness.com/markets/us-stocks-april-2-2020
U.S. equity markets surrendered their gains Thursday afternoon after initially soaring in response to President Trump calling on Russia and Saudi Arabia to sharply cut oil production.
Following Trump's announcement -- which sent West Texas Intermediate crude oil soaring by 35 percent to as high as $27.39 per barrel -- Saudi Arabia called on OPEC members, their allies and other countries to hold an urgent meeting "with aim of reaching a fair agreement to restore the desired balance of oil markets."
Also on Thursday, China said it would begin filling up its reserves.
The Dow Jones Industrial Average gained as many as 534 points, or 2.55 percent, before returning to the flat line. The S&P 500 and Nasdaq Composite rose as much as 2.55 percent and 1.92 percent, respectively.
But I wasn't wrong -
Of course @insinceredawg continues to carry water for Putin. Water is wet.
If there was no call why did the Saudis react? -
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Decent article about the domestic impact. Doog bot's stamp of approval.YellowSnow said: -
EVEN A DUMMY LIKE ME UNDERSTOOD THAT. Caps lock is cruise control for cool.YellowSnow said: -
YBFEUW_Doog_Bot said:
How can I put this, it's like we sold someone our rolex at a premium and now in the financial crisis they are short dollars so they are selling us back the rolex at a discount. And even then, it's like we are giving them rez casino tokens instead while laughing in their face.Swaye said:
Finally, something I can understand.Pitchfork51 said:
As a drunken frat boy from a middling institution who majored in finance.....Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
USA rules.
Edit:oh right, and everyone in the whole trailer park is lining up to get this deal. -
I get it - it's like when your buddy decides to marry the chick he's been banging and living with for 7 years. It doesn't really change much, but making it official means he probably won't be getting many blowjobs. And she'll get half of his shit when the ship finally hits the rocks.UW_Doog_Bot said:
TBF this isn't a super change from the norm. As I've said many times, the US is the world reserve currency. The difference is that this crisis has solidified it's position as that and the FED is now openly acknowledging that instead of pretending otherwise. They have now made it easy to swap treasuries for dollars to create certainty in the world market for US treasuries. The only thing is, you are going to take a .25 shaving off as a premium.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
It boils down to the Fed is flexing it's muscles early rather than late in this crisis.
Where else are people going to put their money now? Euros? Rubles? RMB? Oil? Bitcoin? Lol.
Barring the American people voting for a socialist(could happen) the US should be the world reserve currency for another twenty years at least after this. -
That's because he's clueless and prone to emotional thinking.GreenRiverGatorz said:
I gotta hand it to you, your political ideology is in a fucking bizarre spot on the ole venn diagram. There aren't many ardent supporters of the gold standard who simultaneously despise Trump and bring him into every conversation unprompted.jecornel said:
What a great move to move to a fiat currency from gold. Brilliant!!UW_Doog_Bot said:
They need greenbacks to run their economy. It already was hurting them. Now it will even more. We can charge them a premium for every dollar they need to conduct business on the world market.salemcoog said:
So what tactics can be used to hurt China? They are our true enemy, I do know our economies are co dependent and so we don't want to wreck them. But how do we make them feel pain economically without hurting ourselves in the process.UW_Doog_Bot said:
We just basically had a forcible take over of the world economy. The US Fed is now the world's central bank. Anyone who doesn't play ball is going to be bent over and have the plunger inserted until it hits the back of their nasal cavity from the wrong direction.Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
This is precisely what Russia and China didn't want.
This is similar to after WW2 where the world economy was wrecked except for the US and we established the dollar as the reserve currency of "the west" but back then we had to have gold to back it.
The Don had all the intel they needed about the virus late December. This was a bigger plan to crumble the economy. Mass surveillance is coming. Facial recognition is in Washington.
You want to jackoff trump for cutting flights from china go for it. The federal response is and was garbage. It was clearly on purpose. -
Putin is the paramount of truth and goodness, don't you know?RaceBannon said:Of course @insinceredawg continues to carry water for Putin. Water is wet.
If there was no call why did the Saudis react?
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I don't know what that means but YKW.dflea said:
I get it - it's like when your buddy decides to marry the chick he's been banging and living with for 7 years. It doesn't really change much, but making it official means he probably won't be getting many blowjobs. And she'll get half of his shit when the ship finally hits the rocks.UW_Doog_Bot said:
TBF this isn't a super change from the norm. As I've said many times, the US is the world reserve currency. The difference is that this crisis has solidified it's position as that and the FED is now openly acknowledging that instead of pretending otherwise. They have now made it easy to swap treasuries for dollars to create certainty in the world market for US treasuries. The only thing is, you are going to take a .25 shaving off as a premium.dflea said:I expected more of a reaction from the Dow. Maybe the big reaction is it didn't go in the shitter again today.
It boils down to the Fed is flexing it's muscles early rather than late in this crisis.
Where else are people going to put their money now? Euros? Rubles? RMB? Oil? Bitcoin? Lol.
Barring the American people voting for a socialist(could happen) the US should be the world reserve currency for another twenty years at least after this.
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You loathe America’s forefathers and want to kill whitey for keeping you down first at Jiffy Lube and now at Orkin. And yet you love patriotic displays of American military dominance.Swaye said:
Finally, something I can understand.Pitchfork51 said:
As a drunken frat boy from a middling institution who majored in finance.....Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
USA rules.
You’re a complicated man, my injun fren -
Do you guys still consider triggered, meltdown, unhinged an insult?
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From my Warhoop Dictionary:Swaye said:
EVEN A DUMMY LIKE ME UNDERSTOOD THAT. Caps lock is cruise control for cool.YellowSnow said:
We just burned their wagons and raped some of their women
HTH -
if I understood any of this I would say this thread delivers.
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What man doesn't Sha-Wingggg at military dominance?DerekJohnson said:
You loathe America’s forefathers and want to kill whitey for keeping you down first at Jiffy Lube and now at Orkin. And yet you love patriotic displays of American military dominance.Swaye said:
Finally, something I can understand.Pitchfork51 said:
As a drunken frat boy from a middling institution who majored in finance.....Swaye said:I still don't get it. Going to need to really spell this out for the dumb red.
USA rules.
You’re a complicated man, my injun fren
@Swaye may be Injun, but he's still got functioning junk. -
@UW_Doog_Bot where we're you back on the 29th when I needed you.
https://hardcorehusky.com/discussion/70407/federal-reserve-is-now-being-nationalized-and-merged-into-the-treasury-smarts-please-explain#latest
My bidness degree is as shitty as Bitchfork's being WAC schools and such. I have searched the Internet looking for GOOD explinations about this but they aren't there. I have heard in the conspiracy theory chambers that Trump is wanting, or did, break up the central banking system. I think you said this has nothing to do with Trump? Confused. And if true, I can't wrap my head around how it's possible. Also hearing Trump wants to pile shitloads of debt on the fed then bankrupt it? Is this even possible? I understand this even less outside of the fact that the fed can easily take on more dept because it has access to financial instruments previously only available to the Treasury.
Little to nothing about this on the financial shows the past couple of days. It's like no one wants to touch it and it's a YUGE event. This much I know. Is it because no one can understand it including the people we expect to explain it?
Please keep explaining! -
Bitchfork's degree is more valuable than yours. Hth.89ute said:@UW_Doog_Bot where we're you back on the 29th when I needed you.
https://hardcorehusky.com/discussion/70407/federal-reserve-is-now-being-nationalized-and-merged-into-the-treasury-smarts-please-explain#latest
My bidness degree is as shitty as Bitchfork's being WAC schools and such. I have searched the Internet looking for GOOD explinations about this but they aren't there. I have heard in the conspiracy theory chambers that Trump is wanting, or did, break up the central banking system. I think you said this has nothing to do with Trump? Confused. And if true, I can't wrap my head around how it's possible. Also hearing Trump wants to pile shitloads of debt on the fed then bankrupt it? Is this even possible? I understand this even less outside of the fact that the fed can easily take on more dept because it has access to financial instruments previously only available to the Treasury.
Little to nothing about this on the financial shows the past couple of days. It's like no one wants to touch it and it's a YUGE event. This much I know. Is it because no one can understand it including the people we expect to explain it?
Please keep explaining! -
The fed purchasing treasury bonds isn't new or something to be alarmed at. It's simply the scale at which it's currently being done.89ute said:@UW_Doog_Bot where we're you back on the 29th when I needed you.
https://hardcorehusky.com/discussion/70407/federal-reserve-is-now-being-nationalized-and-merged-into-the-treasury-smarts-please-explain#latest
My bidness degree is as shitty as Bitchfork's being WAC schools and such. I have searched the Internet looking for GOOD explinations about this but they aren't there. I have heard in the conspiracy theory chambers that Trump is wanting, or did, break up the central banking system. I think you said this has nothing to do with Trump? Confused. And if true, I can't wrap my head around how it's possible. Also hearing Trump wants to pile shitloads of debt on the fed then bankrupt it? Is this even possible? I understand this even less outside of the fact that the fed can easily take on more dept because it has access to financial instruments previously only available to the Treasury.
Little to nothing about this on the financial shows the past couple of days. It's like no one wants to touch it and it's a YUGE event. This much I know. Is it because no one can understand it including the people we expect to explain it?
Please keep explaining!
Conspiracy theories shouting about the Petro dollar are hilarious but lack fundamental understanding of markets.
Like I said, I'll try to find some accessible material that explains a lot of this. Domestic market vs. International market consequences are also going to be different.
As you said, there's also a whole shit load of "we aren't totally sure how this is all going to work" but more to the point if it doesn't or if the fed just stood still we are all fucked anyway.
