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Thread: The Fed went all in and it is not getting the effect that was expected

  1. #1

    The Fed went all in and it is not getting the effect that was expected

    Whats next ?



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  3. #2

    Zero Reserve Banking

    Why did the Fed drop bank reserve requirements to zero? Liquidity issues? Fears of a run on the banks?

    What can we expect in the near term with banks having free reign after decoupling the credit markets from deposits?
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  4. #3
    It created panic last time, and it created panic again this time. Meets the definition of insanity.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  5. #4
    So when do mortgages and small business loans go down to 1%?

    When do credit card rates go down to 2-6%?

    Don’t hold your breath.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  6. #5
    Quote Originally Posted by Brian4Liberty View Post
    It created panic last time, and it created panic again this time. Meets the definition of insanity.
    And now they;re out of bullets. All they can do is continue to buy bonds and 'provide liquidity' to the Zombie banks who use it to play the markets like a giant casino. The whole edifice will come crashing down sooner or later.

  7. #6
    Dow down 15 percent , Gold down 2 percent Dow down about 33 percent in the past few days. Gov.'s are shutting economies , so are we at the bottom ?

  8. #7
    Oh i think there plenty of room to drop further... trying to stave off panic but am honestly concerned with how much further this can drop. Next comes the real estate market along for the ride.
    "Nobody wins in a Dairy Challenge" ~ Kenny Rogers


    "When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous


    “The fate of all mankind I see
    Is in the hands of fools” ~ King Crimson

  9. #8
    Quote Originally Posted by sam1952 View Post
    Oh i think there plenty of room to drop further... trying to stave off panic but am honestly concerned with how much further this can drop. Next comes the real estate market along for the ride.
    Ya , it really is showing no indication of bottoming yet that I see .



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  11. #9
    I went to the butcher today . Place was wiped out . I got a roast , some bacon and tenderloin and other than a few chicken legs and some sausage that was all there was . No chops , no steaks , no shoulder , breast or wings . I have never seen that place depleted before , so record sales I am sure . I am guessing it is because Gov's have been closing restaurants in every state around me . I went to the bank today to deposit a check . Lobby was closed , had to use the drive through . I hate the drive through but I won't need to go back for at least a week .

  12. #10
    Quote Originally Posted by oyarde View Post
    I went to the butcher today . Place was wiped out . I got a roast , some bacon and tenderloin and other than a few chicken legs and some sausage that was all there was . No chops , no steaks , no shoulder , breast or wings . I have never seen that place depleted before , so record sales I am sure . I am guessing it is because Gov's have been closing restaurants in every state around me . I went to the bank today to deposit a check . Lobby was closed , had to use the drive through . I hate the drive through but I won't need to go back for at least a week .
    Meat counters are literally empty in some places around here.

    Saw one the other day with not a single item except chicken liver, which people would apparently rather die than eat.

    I love the stuff, so that works.

  13. #11
    Quote Originally Posted by r3volution 3.0 View Post
    Meat counters are literally empty in some places around here.

    Saw one the other day with not a single item except chicken liver, which people would apparently rather die than eat.

    I love the stuff, so that works.
    Wife will be gone over the weekend so I'll see what I can find in the woods.

  14. #12
    Quote Originally Posted by oyarde View Post
    I went to the butcher today . Place was wiped out . I got a roast , some bacon and tenderloin and other than a few chicken legs and some sausage that was all there was . No chops , no steaks , no shoulder , breast or wings . I have never seen that place depleted before , so record sales I am sure . I am guessing it is because Gov's have been closing restaurants in every state around me . I went to the bank today to deposit a check . Lobby was closed , had to use the drive through . I hate the drive through but I won't need to go back for at least a week .
    Bank drive thru’s... next the doors close. May I suggest to fellow RPF members it may not be a bad idea to have some CASH, FRN’s. Also it would be wise to have 1’s, 5’s and twenties. Not just all 100’s
    "Nobody wins in a Dairy Challenge" ~ Kenny Rogers


    "When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous


    “The fate of all mankind I see
    Is in the hands of fools” ~ King Crimson

  15. #13
    Quote Originally Posted by sam1952 View Post
    Bank drive thru’s... next the doors close. May I suggest to fellow RPF members it may not be a bad idea to have some CASH, FRN’s. Also it would be wise to have 1’s, 5’s and twenties. Not just all 100’s
    Ya , I need to think about 1's , 5's and 10's . All I can get out of a money mover around here is 20's . I usually have a bunch of small bills because I sell eggs 3.00 a dozen but I used them all this week filling all my gas cans .

  16. #14
    Ha, I just bought two more gas cans tonight.
    "Nobody wins in a Dairy Challenge" ~ Kenny Rogers


    "When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous


    “The fate of all mankind I see
    Is in the hands of fools” ~ King Crimson

  17. #15
    Quote Originally Posted by oyarde View Post
    Whats next ?
    One analyst tweeted something that actually made some sense. He said the markets won't stop falling until we see the actual corona emergency starting to improve. I think he's right. Until we get a handle on things and cases start going down and we start resuming normal activities the markets will keep falling.

  18. #16
    Quote Originally Posted by Bern View Post
    Why did the Fed drop bank reserve requirements to zero? Liquidity issues? Fears of a run on the banks?

    What can we expect in the near term with banks having free reign after decoupling the credit markets from deposits?
    If there are 0 reserve requirements, doesn’t that mean banks don’t need to hold any cash (which would increase the likelihood of a customer not being able to get cash, which would quickly lead to a bank run)?



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  20. #17
    Quote Originally Posted by Madison320 View Post
    One analyst tweeted something that actually made some sense. He said the markets won't stop falling until we see the actual corona emergency starting to improve. I think he's right. Until we get a handle on things and cases start going down and we start resuming normal activities the markets will keep falling.
    I agree. This flu bug will run its course and the market will spring back up like a dandelion.

    But they do a flu bug scare yearly. The H1N1 was far worse, but it didn't affect the market like this. This market is existing volatility looking for an excuse. Confidence is back to zero. Everything's overvalued and everyone knows it.

    Just like in 2008. These shocks are a sign. The actual crash is coming. Yeah, the mainstream media says three biggest crashes ever like the dollar amount means something. Comparing this to 1929 by the numbers is comparing pennies to dollars. These are just volatility--a symptom. The real crash is coming.

    Most happen in late September or October, some in late April or May. Will they be able to blow the bubble back up after that one?
    Last edited by acptulsa; 03-16-2020 at 09:00 PM.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by nikcers View Post
    My tax dollars paid to fund ISIS and make fake beheading videos. Are you saying we shouldn't get our monies worth??

  21. #18
    Quote Originally Posted by BortSimpson View Post
    If there are 0 reserve requirementsdoesn’t that mean banks don’t need to hold any cash (which would increase the likelihood of a customer not being able to get cash, which would quickly lead to a bank run)?
    1. Yes
    2. Possibly.

    I think it's likely that the Fed's concern was the corrallary issue of economic deflation (covid19 fears, etc) causing people to pull cash and banks facing liquidity issues trying to meet reserve requirements. In effect, it might be a chicken and egg scenario. They might have dropped the reserve requirement because there already exists enough of a bank run to cause banks stress.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  22. #19
    Quote Originally Posted by acptulsa View Post

    Yeah, the mainstream media says three biggest crashes ever like the dollar amount means something. Comparing this to 1929 by the numbers is comparing pennies to dollars. These are just volatility--a symptom. The real crash is coming.
    I have gone through every market chart I can find of big declines in history. There is no historical precedent in the speed and depth of this decline. And it is actually masked because smaller companies which make up most the market are really getting crushed. The Russell 2000 is down 40% the past three weeks

    As far as comparing this to 1929, here are the biggest down days in percentage terms of the Dow (which was around in 1929) Today was the second biggest down day ever (biggest for the Nasdaq and Russell). Thursday the fifth biggest and the Wednesday before the 13th.

    1 1987-10-19 1,738.74 −508.00 −22.61
    2 2020-03-16 20,188.52 −2,997.10 −12.93
    3 1929-10-28 260.64 −38.33 −12.82
    4 1929-10-29 230.07 −30.57 −11.73
    5 2020-03-12 21,200.62 −2,352.60 −9.99
    6 1929-11-06 232.13 −25.55 −9.92
    7 1899-12-18 58.27 −5.57 −8.72
    8 1932-08-12 63.11 −5.79 −8.40
    9 1907-03-14 76.23 −6.89 −8.29
    10 1987-10-26 1,793.93 −156.83 −8.04
    11 2008-10-15 8,577.91 −733.08 −7.87
    12 1933-07-21 88.71 −7.55 −7.84
    13 2020-03-09 23,851.02 −2,013.76 −7.79

  23. #20
    Quote Originally Posted by Krugminator2 View Post
    I have gone through every market chart I can find of big declines in history. There is no historical precedent in the speed and depth of this decline. And it is actually masked because smaller companies which make up most the market are really getting crushed. The Russell 2000 is down 40% the past three weeks

    As far as comparing this to 1929, here are the biggest down days in percentage terms of the Dow (which was around in 1929) Today was the second biggest down day ever (biggest for the Nasdaq and Russell). Thursday the fifth biggest and the Wednesday before the 13th.

    1 1987-10-19 1,738.74 −508.00 −22.61
    2 2020-03-16 20,188.52 −2,997.10 −12.93
    3 1929-10-28 260.64 −38.33 −12.82
    4 1929-10-29 230.07 −30.57 −11.73
    5 2020-03-12 21,200.62 −2,352.60 −9.99
    6 1929-11-06 232.13 −25.55 −9.92
    7 1899-12-18 58.27 −5.57 −8.72
    8 1932-08-12 63.11 −5.79 −8.40
    9 1907-03-14 76.23 −6.89 −8.29
    10 1987-10-26 1,793.93 −156.83 −8.04
    11 2008-10-15 8,577.91 −733.08 −7.87
    12 1933-07-21 88.71 −7.55 −7.84
    13 2020-03-09 23,851.02 −2,013.76 −7.79
    A day is pretty short term. We’ve been mixed, down and up. Probably the rest of those had some days surrounding them that were mixed.

    Moving averages might be more informative.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  24. #21
    Quote Originally Posted by sam1952 View Post
    Bank drive thru’s... next the doors close. May I suggest to fellow RPF members it may not be a bad idea to have some CASH, FRN’s. Also it would be wise to have 1’s, 5’s and twenties. Not just all 100’s
    Grocery store runs are preferable to bank runs, in an economic sense.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  25. #22
    Quote Originally Posted by Brian4Liberty View Post
    A day is pretty short term. We’ve been mixed, down and up. Probably the rest of those had some days surrounding them that were mixed.

    Moving averages might be more informative.
    Not sure what you exactly you are looking for. But you use speed of the decline.


  26. #23
    I’ve made a few posts in this thread and i’d Like to clarify my thoughts. I don’t think TEOTWAWKI is happening. I have always preached keeping cash in small denominations for a variety of reasons, ie hurricanes, ect. I did actually but two gas cans today and filled them. Why? Because i am in a position to be able to do it. I also bought some 9mm, added 100 rounds, nothing crazy, today too.
    I am not a prepper in the sense of... That said I think everyone should consider putting themselves in a position to be as safe as possible without neglecting their day to day lives.
    Do the best you can for yourself and family within means and without being crazy.
    I do follow the mantra...

    Ob,la,di ob,la,da... life goes on...
    "Nobody wins in a Dairy Challenge" ~ Kenny Rogers


    "When a man who is honestly mistaken hears the truth, he will either quit being mistaken, or cease to be honest." ~ anonymous


    “The fate of all mankind I see
    Is in the hands of fools” ~ King Crimson

  27. #24
    Quote Originally Posted by Krugminator2 View Post
    Not sure what you exactly you are looking for. But you use speed of the decline.
    50 day moving average of the Dow shows a drop comparable to December 2019. And it came right back.

    100 day moving average is potentially a little more troubling, but still similar to Dec 2019.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



  28. Remove this section of ads by registering.
  29. #25
    Quote Originally Posted by sam1952 View Post
    I’ve made a few posts in this thread and i’d Like to clarify my thoughts. I don’t think TEOTWAWKI is happening. I have always preached keeping cash in small denominations for a variety of reasons, ie hurricanes, ect. I did actually but two gas cans today and filled them. Why? Because i am in a position to be able to do it. I also bought some 9mm, added 100 rounds, nothing crazy, today too.
    I am not a prepper in the sense of... That said I think everyone should consider putting themselves in a position to be as safe as possible without neglecting their day to day lives.
    Do the best you can for yourself and family within means and without being crazy.
    I do follow the mantra...

    Ob,la,di ob,la,da... life goes on...
    Dare we actually say it? Modern electronic transactions have probably saved us from bank runs. Millennials and younger have no reason for cash. As long as their cards still work, no problems.

    As a matter of fact, this is probably the most important difference between the current panic and the Great Depression.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  30. #26
    Quote Originally Posted by Brian4Liberty View Post
    Dare we actually say it? Modern electronic transactions have probably saved us from bank runs. Millennials and younger have no reason for cash. As long as their cards still work, no problems.

    As a matter of fact, this is probably the most important difference between the current panic and the Great Depression.
    What happens when the card doesn't work anymore?

  31. #27
    Quote Originally Posted by ATruepatriot View Post
    What happens when the card doesn't work anymore?
    Apocalypse Now: The Snowflakes Melt.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  32. #28
    Quote Originally Posted by Brian4Liberty View Post
    Apocalypse Now: The Snowflakes Melt.
    Lol, yep...

  33. #29
    Quote Originally Posted by oyarde View Post
    Whats next ?

    Schiff (former Ron Paul economic adviser) says its worse than WW2 and the bottom could be another 60% or so:


    https://youtu.be/ixelsjTCW-g

  34. #30
    Quote Originally Posted by Bern View Post
    1. Yes
    2. Possibly.

    I think it's likely that the Fed's concern was the corrallary issue of economic deflation (covid19 fears, etc) causing people to pull cash and banks facing liquidity issues trying to meet reserve requirements. In effect, it might be a chicken and egg scenario. They might have dropped the reserve requirement because there already exists enough of a bank run to cause banks stress.
    Ya I think they did it because they anticipated a run.

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