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QE again
snip-
The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to trade in U.S. dollars.
The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.
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A swap takes place when the Fed provides U.S. dollars to a foreign central bank, in exchange for the equivalent amount of foreign currency from that central bank.
http://money.cnn.com/2011/11/30/news/economy/fed_ecb_dollar_liquidity/index.htm
So the fed is going to print more dollars so the banks can buy more European debt.....yeah, that should do the trick.

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Re: QE again
Oil 101.xx
S&P500 futs +2.75%
its all good!
Actually the doo is hitting the air moving device.
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Re: QE again
Obama is a genius.

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Re: QE again
Absolutley. But as his usual, a spectator.
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Re: QE again
Nope, not as a spectator but as one of the marxist Bill Ayers type architects. The way to remake an economy is to overload it from the inside with unsustainable social programs. Add to them until the rioters in the street wipe out any remains of capitalism, crush the protest, then we wake up one morning with 1/3 of the rights we were born with. The only difference then between the libs and conservatives then is at least the libs have the satisfaction of knowing the thumpers no longer have their guns or Bibles.
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Re: QE again
Dow opens up 385.
You'll have to hold your nose, but this is just info..and seemingly relevant:
As for the spectator bit, I agree. But not sure what sort of a exec. edict could come into play here. Been a spectator since Jan '08. Relegated to it. We err if we think there is much that can be done from that office.
This is a huge push....an act of defiance on the part of the global oligarchy. Sub-level Fed Courts looking like they might actually do something about fraud in banking. Pentagon going balistic over potential cuts to defense. Civil disorder a real possibility if entitlements don't stay funded, even though the entitlement dispersments are there every bit as much, even more actually, for the profiting of the extractive industries, ours included, as they are for the pass through direct recipients. Jobs would be better, but jobs dip into the world of real money.
And another war on the near horizon?
To those who have access to the means of extraction, there is no money to be made if money can't be freely fabricated.
Look for a lull into complacency and then a big unemployment spike come Spring-early Summer. And an easily won Romney or Gingrich election.
Unless, of course, the people, buinsesses and governments of So. Eutrope don't bite. But it's going to be run top down, which could get ugly.
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Re: QE again
Could turn out more or less the way you say, but for reasons totally inverse from what you see as why.
All of the boogey and straw men that you make the case for here aren't players in this action.

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Re: QE again
I think in the macro sense the table was all set before Obama. His solutions have been more of the same, and now I think he's just a lost puppy.

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Re: QE again
There is a great deal a leader can do from that office. Obama was a huge mistake for this place and time. The country can make it through very very hard times, but someone is going to have to lay it out, the truth, and lead.

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Re: QE again
No socialism is a huge player. It's the drug the bankers have europe (and us) hooked on.