Financial fuckery thread

[Elder Iptuous]

...but half of the Fed board has voted against the "0% interest rates until 2013" pledge, which signals to me that the hawks are turning against monetizing our way out of this thing...

what are the alternatives that they are considering?

[Mesozoic Mister Nigel]

DP, do you have a buy level set for Ag/Au?  i hadn't considered buying in a couple years, but this is tempting...
(if there is any to be had without premiums covering the drop in spot!  have to see what the local stores are selling at.)

Why don't you just buy casting grain from Monsterslayer or Rio Grande?

[Disco Pickle]

...but half of the Fed board has voted against the "0% interest rates until 2013" pledge, which signals to me that the hawks are turning against monetizing our way out of this thing...

what are the alternatives that they are considering?

I can't be sure about that, but what other alternatives are there?  We couldn't monetize our way out of the 70's recession and actually made things worse with stagflation.  Those rates weren't anywhere as low as they are now.  If they keep it up for another few years we'll be right back where we were then.

I just got a raise, and I'm planning on asking for another $6/hr in 6 months, as a performance pay/cost of living increase.  I expect to get it.  If I'm thinking that way, others with jobs are as well.  It helps foster a similar environment that existed then: high unemployment, with existing job holders demanding higher wages to help offset inflation.  

They can say what they want about inflation being "on target," it's fucking with my food and energy budget.

[Elder Iptuous]

Nigel, it appears i could still buy Ag cheaper by going with 90% coinage, which i would prefer.

DP, I don't know if they will temper their monetization from fears of inflation.  the people in charge of that decision aren't as effected by it, no? I've been under the impression that global monetization looks baked in the cake...

ETA: Thanks for the links, Nigel!  will keep them on file.

[Mesozoic Mister Nigel]

Nigel, it appears i could still buy Ag cheaper by going with 90% coinage, which i would prefer.

DP, I don't know if they will temper their monetization from fears of inflation.  the people in charge of that decision aren't as effected by it, no? I've been under the impression that global monetization looks baked in the cake...

ETA: Thanks for the links, Nigel!  will keep them on file.

How much cheaper, and where? Because Rio and MS sell at spot price as of the minute you complete your order. If you're looking as casting grain prices on the website, you're looking at approximate prices as of the last update. If you're ordering a milled product, of course, it's something like spot + 10%.

[Elder Iptuous]

ah...  they just had prices from an bit ago before they continued plummeting, then. 
they always sell .999 at spot? (for large orders)  that's awesome.  i may make use of them if the premiums on recognizable stuff is too rich.
accumulating as long term insurance it would be fine to have shot.  for quick liquidability, something like junk silver is worth a bit more, to me.

[Mesozoic Mister Nigel]

I personally think stockpiling silver as an investment is quite foolish, but it's better than stockpiling cash.

[Triple Zero]

relevant:
Attention metal thieves: Buy BT, get 75 million miles of copper

[Doktor Howl]

I personally think stockpiling silver as an investment is quite foolish, but it's better than stockpiling cash.

Bullets are a better investment.  Everyone likes bullets.

[Elder Iptuous]

i've put about equal amounts into both, i'm guessing.
bullets haven't gone up as much in nominal terms, but when the event occurs, they will be much more valuable, i think.
hm...
i could load up some shot shells with silver dimes, and get the best of both worlds!  and i'm protected against lycanthropes, misanthropes, and runaway inflation!

[Telarus]

i've put about equal amounts into both, i'm guessing.
bullets haven't gone up as much in nominal terms, but when the event occurs, they will be much more valuable, i think.
hm...
i could load up some shot shells with silver dimes, and get the best of both worlds!  and i'm protected against lycanthropes, misanthropes, and runaway inflation!

[Cain]

http://www.bbc.co.uk/news/business-15057859

European bank shares have risen as investors react to the latest attempts to stabilise the eurozone debt crisis.

A number of measures are being discussed according to reports from the weekend's international meeting in Washington.

They are expected to involve a 50% write-down of Greece's massive government debt, the BBC's business editor Robert Peston says.

French and German bank shares were up 10% at one stage in Monday trading.

European governments hope to have measures agreed in five to six weeks, in time for a meeting of the leaders of the G20 group in Cannes at the beginning of November.

But EU officials in Brussels stress that they should not be seen as "a single grand plan", the BBC's correspondent Chris Morris says.

the BBC's correspondent Chris Morris says.

Chris Morris

This explains oh so very much.  We are living in a real life version of Brass Eye.

[hirley0]

Nigel, it appears i could still buy Ag cheaper by going with 90% coinage, which i would prefer.

DP, I don't know if they will temper their monetization from fears of inflation.  the people in charge of that decision aren't as effected by it, no? I've been under the impression that global monetization looks baked in the cake...

ETA: Thanks for the links, Nigel!  will keep them on file.

How much cheaper, and where? Because Rio and MS sell at spot price as of the minute you complete your order. If you're looking as casting grain prices on the website, you're looking at approximate prices as of the last update. If you're ordering a milled product, of course, it's something like spot + 10%.

T27 u MIGHT TRY 310 SW Wasington Link Later Maybe:

Same Board Game as these Tigard #'$ "DOWNTOWN' Silver    $32.64    $32.74      up      1.89
um MAYBE the address is 340 {i forget) on the South Side of the Street though

[hirley0]

http://www.equibase.com/static/chart/quick/index.html?SAP=TN
2:55am the address was 304 Washington {My 4get 'EM . Today at 02:55:22 AM
3:21 bid

[Triple Zero]

http://www.bbc.co.uk/news/business-15057859

European bank shares have risen as investors react to the latest attempts to stabilise the eurozone debt crisis.

A number of measures are being discussed according to reports from the weekend's international meeting in Washington.

They are expected to involve a 50% write-down of Greece's massive government debt, the BBC's business editor Robert Peston says.

French and German bank shares were up 10% at one stage in Monday trading.

European governments hope to have measures agreed in five to six weeks, in time for a meeting of the leaders of the G20 group in Cannes at the beginning of November.

But EU officials in Brussels stress that they should not be seen as "a single grand plan", the BBC's correspondent Chris Morris says.

the BBC's correspondent Chris Morris says.

Chris Morris

This explains oh so very much.  We are living in a real life version of Brass Eye.

This explains EVERYTHING !!!

Right up to the graphs and statistics!

did you know a banker actually shares 95% of its DNA with the Sea Crab ?