Dump Bush Dollars (.50 cents).

Is it true Iran stopped using the US dollar in oil transactions? If so, how will this effect the stock market and the US economy?

http://rawstory.com/news/afp/Iran_drops_dollar_from_oil_deals_re_12082007.html

As I speak, my printer is outputting more $20 bills to spend at Wal-Mart so I could buy more Chinese goods so they could lend us more money so we could police the world.

The Fed has determined to print and lend more paper money in an effort to delay the impending economic bubble burst.

Since the interest rate spread between what banks and institutional lenders pay the Fed and what they charge their borrowers is so great, there really is no need to lower the rate.

The announcement of a Fed rate reduction is simply to advise Wall Street that rather than allow market forces to work, our Govt. will just keep issuing more money to be distributed through the economy.

The effect of this policy will cause a free fall in the dollar and runaway inflation.

And, a big part of the paper dollars given away by the Fed will be converted to gold and other currencies by the banks and big boys who receive them.

Moral: Invest your increasingly worth less dollars in canned food and other non perishable foodstuffs.

The dollar being devalued more to cover the asses of the bankers and government spending. Ron Paul folks...thats the only way to stop this. Everyone else is clueless.

The Bush Bunch's Feds will do anything and everything to keep the Stock Market afloat for the Stock Market's value and America's financial health are seen as one and the same.
If the American citizenry were to awaken to the stark reality of a mismanaged, empty pocket book, bankrupted country of lost technology, vanishing varied-quality jobs, sold-out manufacturing and for-ever disappearing human competence, they would rightly call for the removal of our governmental leadership. Thus, the Federal Reserve amoral bankers will throw good money after bad, assure that all is well, all while the culprits are bailed out of their losing positions to retire in luxury and splendor while passing their wealth to unworthy offspring, unimpeded by any onerous "death tax", known in freer times as the "inheritance tax".
In the face of runaway inflation the Feds will cut the discount rate another quarter percent with a promise of unlimited liquidity for their own kind in case the Market begins to falter. Such benevolent largess for our ruling rich is cracking open Pandora's box of evil consequences for our people.

The Fed is moving too far too fast, and seems to be acting simply to help retailers. There will be a price for this silliness, and we won't like it.

For all of his obnoxious habits, Greenspan should be encouraged to return for a year to get this mess straightened out. But Bush should be prevented from manipulating Greenspan this time around.

Another fire sale on the dollar. How many economic blunders we could have afforded to make with the 1 to 3 trillion we've spent on this war? I'll bet we could have completely fixed Medicare and Social Security funding with that money -- oh, right, I forgot, it's not money, it's a massive IOU.

Band Aid for severed leg ...

Banks need to be audited to relieve the credit freeze. Many banks will not survive this scrutiny. They need to get the necessary capital or be broken up and sold.

Glass-Steagall needs to be reinstituted , separating banks from alll other forms of institutions , financial or otherwise. No more mingling of investment banks, brokerages , real estate firms , insurance or other entities with deposit banks.

What caused this meltdown ? -FRAUD ...

MORTGAGE MELTDOWN - A Must Read !
Interest rate 'freeze' - the real story is fraud
Bankers pay lip service to families while scurrying to avert suits, prison -

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL

The GOP friendly FED is hoping to keep this decrepit and corrupt economy going, until the Dems take over and get stuck with the after-war hangover that becomes a MAJOR DREPRESSION!!!

Just go ahead and lower it to 0% already. We all know that is where this is headed.

The Fed is desperate to hold this weak economy together until the next election so the GOP can blame the Democrats for the after conflict depression that is looming.