Brigantine: Wizofog14 : Iko, are you hearing about groups in reno exchanging? i feel like we are very very close
Iko Ward : Wiz..I am hearing that and waiting for confirmation
Iko Ward : Blackeye…I think the deval is most likely, but a couple months ago they made that statement about the dong, and the Kran scenario is coming out of political think tanks and the like.
|Iko Ward : OK…tomorrow may be a big day. Goodnight
Brigantine: Here’s another thing he posted, that I had to send by email, because PMs were messing up: 23s ago Backdoc is hearing the same things I am. There is only one person who can confirm and I really doubt we’ll hear about before it actually happens. It’ll all come down at the same time.
EKB: ANYONE- I admit I may not be the brightest bulb in the room, but I am not the dimmest either. I guess it just depends on subject matter I am reading. I do not get why the info put out by Backdoc is such Hugh News!! Will someone please help me understand
MrsGib: EKB….my take on that is now China currency is no longer dictated by the US… they can do as they please…. my opinion is that the US has had control over many and many are now saying enough is enough…stop holding us back just so that you can be first….. china is taking currency matters into their own hands…. I think it will have a negative affect on the dollar…. sort of like taking away one of the legs on a chair
Kenbbq1: I was thinking it might make the dollar crash
Stardot: crash is probably too harsh a word reset makes better sense…. level playing field… rising tide raises all ships… take from the rich give to the poor,,,,
Saddie: What it means is China depegged from US dollar, and will use currancys that are in basket…..Good morning all
Wizofog14: When talking to iko I asked if it might make markets crash/reset Tuesday… He said maybe sooner. We watch for something today imo
Dagen: Shanghai market hours: The SSE is open for trading every Monday to Friday. The morning session begins with centralized competitive pricing from 09:15 to 09:25, and continues with consecutive bidding from 09:30 to 11:30. This is followed by the afternoon consecutive bidding session, which starts from 13:00 to 15:00
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Beamer: You’re not imagining things, the economy really is rigged against you
Give Federal Reserve head Janet Yellen credit for one thing: She has united Democrats and Republicans — in their hatred of her and her organization.
Yellen went before Congress last week and the elected officials from both parties held a disdain-a-thon.
Democrats basically echoed candidate Bernie Sanders, whose mantra is that America is unfair; the rich keep getting richer thanks to government policies and all strata of the middle class are getting a fastball thrown at the back of their ear.
The Republicans come to the same conclusion but from a different angle. The Fed, says the leading Republican presidential candidate of the moment, Donald Trump, has created bubbles in the financial markets and it’s going to end badly.
It used to be during these congressional hearings that you could close your eyes and tell the party affiliate of the person speaking just by barbs and blossoms thrown. Not anymore. Both sides blame Yellen, and by extension, the administration.
Americans are way ahead of our elected officials. A survey released by the Pew Research Center last week revealed that 65% say the economic system in America “unfairly favors powerful interests.”
The attitude is bipartisan, with 54% of Republicans and 73% of Democrats agreeing.
And — this is important — this poll was taken between last August and October. That’s before the stock market started tanking, the Federal Reserve raised interest rates for the first time in eight years and before Yellen was peppered with questions about the latest crazy idea — “negative interest rates.”
Negative interest rates are simple to explain: People put their money into a bank or US government securities and instead of getting interest on that deposit, they have to pay a fee for the privilege.
No Republic or Democrat said it in so many words, but it was clear this would be the last straw.
If the Fed decides to go the way of Japan and some European countries in charging savers for the safekeeping of their money, expect massive backlash.
Some in Congress have already threatened to audit the Fed just on principle. Keep it up, the Fed’s critics say, and we’ll take a look behind the curtain to see what the least regulated of American organizations has been doing with the vast power it has to set interest rates, control the economy and change people’s lives.
An audit would probably start with the trillions of dollars of government bonds purchased by the Fed through an experimental program called quantitative easing. These bonds were bought, essentially, with newly printed money. The goal was to create more demand for Washington debt at bond auctions (from Washington itself) so that interest rates would hug 0%.
In any other auction (art, cars, win-a-date) that would be considered having a shill in the audience jacking up prices and lowering rates. But the Fed has gotten away with it
Read More At: http://nypost.com/2016/02/14/youre-not-imagining-things-the-economy-really-is-rigged-against-you/
