Fed Ready to Cut Interest Rates Again

[Prada]

Sure and I completely understand the need so to speak in having a flexable monetary policy that allows for inflationary and deflationary policys to impact the market.... what I dont understand is why congress isnt doing their goddamn job of NOT spending more then we have and NOT auditing the FED its fuking insane....

That is where Im concerned as well. Im not to worried about monetary policy as I am about fiscal policy. Billions and billions of dollars on "wars". We shall see what derivatives are obtained by these....in the long run.

[soulstealer]

That is where Im concerned as well. Im not to worried about monetary policy as I am about fiscal policy. Billions and billions of dollars on "wars". We shall see what derivatives are obtained by these....in the long run.

But you have to look at monetary policy to gauge fiscal policy in the current situation the Fed can increase the money supply and burn that money on anything and the American people pay with inflation we need to change to monetary policy before we can every hope to achieve fiscal accountability...

[Prada]

But you have to look at monetary policy to gauge fiscal policy in the current situation the Fed can increase the money supply and burn that money on anything and the American people pay with inflation we need to change to monetary policy before we can every hope to achieve fiscal accountability...

Yeah I should rephrase that, I am worried about monetary policy as well its just that the fiscal policies that have been taken are....well questionable. Im not sure if I would be more content under the Dems. I doubt it. The value of the US $$ is also of concern. Against the Euro and CDN$....I believe the CDN$ is higher then the US. It was around $1US=0.70CDN for decades now they are at par.

[Pooks]

Yeah I should rephrase that, I am worried about monetary policy as well its just that the fiscal policies that have been taken are....well questionable. Im not sure if I would be more content under the Dems. I doubt it. The value of the US $$ is also of concern. Against the Euro and CDN$....I believe the CDN$ is higher then the US. It was around $1US=0.70CDN for decades now they are at par.

There is no monetary policy difference between the democrats and republicans..
the only differences are in taxation, and re-distribution of taxes. (not counting social differences)

if anything democrats in the past have supported inflation more than the republicans.. it serves their purposes of redistribution from creditors (rich) to debtors (poor)...
of course the really rich are well invested, and are not as impacted.. the real losers from inflation will be the middle class.

YOU are right, the Canadian Dollar is worth more than the U.S dollar right now.

$1 USD = .97 CAD today
in November the CAD was the strongest when $1 USD = .92 CAD.. looking at the charts it would be a very good bet it will head back towards .92

to compare just in MARCH of last year..
the $1 USD would still get you 1.18 CAD

[soulstealer]

There is no monetary policy difference between the democrats and republicans..
the only differences are in taxation, and re-distribution of taxes. (not counting social differences)

if anything democrats in the past have supported inflation more than the republicans.. it serves their purposes of redistribution from creditors (rich) to debtors (poor)...
of course the really rich are well invested, and are not as impacted.. the real losers from inflation will be the middle class.

YOU are right, the Canadian Dollar is worth more than the U.S dollar right now.

$1 USD = .97 CAD today
in November the CAD was the strongest when $1 USD = .92 CAD.. looking at the charts it would be a very good bet it will head back towards .92

to compare just in MARCH of last year..
the $1 USD would still get you 1.18 CAD

Hey Pooks maybe you can answer this as its been bugging me... in the even say the us were to replace their currency how is it implemented and how would they establish and exchange rate if it bears no backing.....? Or if you could just sight an example of another country doing it....

[Pooks]

Hey Pooks maybe you can answer this as its been bugging me... in the even say the us were to replace their currency how is it implemented and how would they establish and exchange rate if it bears no backing.....? Or if you could just sight an example of another country doing it....

When the EURO was formed..

Each currency was given a fixed exchange rate to the EURO

example 1.95 German Mark = 1 EURO
0.78 Irish pound = 1 EURO
1,936 Italian Lira = 1 EURO

these were figured out on 12-31-98
and on 1-1-99 the EURO started trading.

Its easy to convert everyone to one currency.. its not easy to agree who is going to decide on monetary policy..
with multiple currencies there can be multiple foreign policies.. so in a way it makes the world more diversified.. checks and balances..

if its universal, we're all in the same boat.. could be good, but could be bad too. I guess the progressive everything works together like a living entity theory.

[soulstealer]

When the EURO was formed..

Each currency was given a fixed exchange rate to the EURO

example 1.95 German Mark = 1 EURO
0.78 Irish pound = 1 EURO
1,936 Italian Lira = 1 EURO

these were figured out on 12-31-98
and on 1-1-99 the EURO started trading.

Its easy to convert everyone to one currency.. its not easy to agree who is going to decide on monetary policy..
with multiple currencies there can be multiple foreign policies.. so in a way it makes the world more diversified..

And see there in lies my question who give the Euro the fixed exchange rate? who determines its value... thats what I'm interested in..