The Federal Reserve had 4 Expedited closed door meetings already!

[Jeremiah JohnsonParticipant 2219]

I am no economist – – I am no scholar – – – I am not too doom and gloom – – –

That being said, why in the hell has the Fed already had 4 closed door Expedited meetings in the first half of April?
http://www.federalreserve.gov/aboutthefed/boardmeetings/201604.htm

So I started looking into these “Meetings”…and they all fall under the Exemptions of the government in the Sunshine Act…cannot make this s~~~ up seriously…

So I had to look that up – – –

http://www.rcfp.org/federal-open-government-guide/federal-open-meetings-laws/government-sunshine-act
I don’t know much, but after some googling, I also found out that Obama, Yellen, And ol Biden himself had a unplanned “EXPEDITED” meeting themselves…And the fact that Obama and Biden were both there raised some red flags to me…I don’t know, maybe someone here with a bit more knowledge can explain all this, or is it maybe correct in my assuming something is a foot here??? Has the serious financial doom n gloom I have been hearing about for these passed few years actually coming to a head? Or is this just standard bulls~~~, nothing to worry about here move along??
Someone else please chime in, as I am curious as hell, and have been waiting for the s~~~ to collapse at the edge of my seat for A LONG TIME NOW….

Men are at a time when panning for gold in a urinal has a higher probability of success than finding a faithful and loving woman, it is time to go your own way.....

[Prefer Peace to PieceParticipant 10809]

I read that China is announcing a gold backed Yuan on April 19th. The new gold backed Yuan can’t be purchased with US dollars. If this is true, the value of the dollar may drop precipitously. Hello inflation.

In addition, China has a interbank system which will tie into the US SWIFT system. The dollar will probably it’s reserve status.

After all, would you rather hold currency backed by gold or would you rather hold fiat currency?

Thus all of the fed meetings last week. When I heard this last week, I purchased some junk silver.

[AFTParticipant 2726]

Panama Papers leak?

I doubt it’s about the spiraling debt can that’s being kicked down the road.

Prefer Peace to Piece wrote:

China is announcing a gold backed Yuan on April 19th

Good time to bring in the Amero?

When the war cemeteries are half full of the corpses of dead conscripted women, only then will women have earned the right to speak of equality. Sidecar “A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do.” - Bob Dylan

[WhackerGuy2030Participant 999]

Lord only knows what they could be meeting about. I’ve been waiting for the big one since 2010. Between the job shredding after the affordable care act and the failure of the millenials to launch, I thought for sure collapse was imminent.

.

Now, the planet is strung out on easy money and there’s a race to the bottom in currencies, yet no real carnage. It’s hard to say what’s next, but I quit worrying. I manage to the individual stocks now, and I keep a decent portion of cash on the side “just in case.” I will say this much, strong dollar is finally here, and it ends up it kinda hurts if you’re an investor. Not such a bad deal if you’re a consumer.

.

This is all the less troublesome if you’ve dodged the blue pill circus and aren’t saddled with debt, a cow, and a pen full of calves to support.

[chirParticipant]

One of my primary concerns is a “Bank Bail In”.
Bank Bail in: (in short your assets in your bank get a percentage haircut to help “bail out” your bank because they were incompetent.)
“According to The Economist, the magazine that coined the term “bail-in”, a bail-in occurs when the borrower’s creditors are forced to bear some of the burden by having a portion of their debt written off. For example, bondholders in Cyprus banks and depositors with more than 100,000 euros in their accounts were forced to write-off a portion of their holdings. This approach eliminates some of the risk for taxpayers by forcing other creditors to share in the pain and suffering.”

I have silver and gold (buried, not in my house). I live far out enough so I was not observed. But I still have substantial funds in 2 banks and their accounts could be shaved. I try to keep my funds rotating into stocks and bonds but some is left over.

I may have to put some more money into bitcoin. Not much. Plus I always recommend having 3 months of funds on hand in case of “bank holidays”. I think I will ramp that up to 6 months or a year.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[WhackerGuy2030Participant 999]

There was a cartoon or movie joke somewhere that said, “Banks are for people who don’t know how to properly invest their money.”

I’m not knocking anyone for having money in the bank, but it certainly seems like a steady bleed over time as the cost of necessaries rises over time. I’ve never kept more than a few months worth of bills saved up in the bank.

[Prefer Peace to PieceParticipant 10809]

Here is an interesting article talking about the new gold backed Yuan. If this is true, then we may be screwed.

CHINA SAYS “NO DOLLARS” FOR NEW YUAN

Post by U.S.Reporter – Apr 13, 2016
CHINA SAYS “NO DOLLARS” FOR NEW YUAN

In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19.

When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for Global Reserves and International Trade, they wanted China to make the Yuan more reliable as a currency. Since then, China has almost un-pegged its Yuan from the Dollar, allowing its value to fluctuate on world markets.

But for years, China has been amassing huge amounts of gold bullion; some have said their appetite for bullion has been “staggering.” And with a new gold-backed Yuan to be issued next Tuesday, the entire world will have a choice of a new currency to use for international trade: The old US Dollar which is backed by nothing, or the new Chinese Yuan, which is backed by gold. Which currency would YOU use?

When this new currency is issued, countries that have been forced to use US Dollars for decades, and have had to keep billions of dollars in their foreign currency reserves, will be free to dump those dollars. But they won’t be able to dump them to China for the new gold-backed, Yuan!

China has reportedly decided “there can be no conversion of gold-backed Yuan to or from US dollars.” What China fears is that many countries around the world will want to trade their reserve US dollars for the new Yuan, leaving China with mountains of worthless US dollars. China already has several trillion in US dollar reserves and does not want or need more.

If news of this decision by China is correct, then countries around the world may just have to decide whether or not they wish to continue trading with the USA at all?

The upheaval this could cause as early as next week, would be staggering.

This is a fast-=developing story; check back.

[TaoTheMgtowWandererParticipant 263]

Current Economic Collapse News Brief – Episode 947

the financial system is tearing itself apart and everything is set for world war III.

My peace of mind is worth more then your vagina...cunt.

[Prefer Peace to PieceParticipant 10809]

Another interesting piece of news is the SGE (Shanghi Gold Exchange) Gold Fix which is shortly to be implemented. Comex and LMBA have been manipulating gold price for years. Once China begins fixing the gold price, some people think the dollar will weaken considerably.

“As senior London gold trader Andrew Maguire recently remarked, “The Shanghai Gold Exchange Fix will be settled in Yuan and involve 15 Chinese banks, but also includes at least five of the same LBMA banks that rig the London Fix. But there is a major difference. These Fix prices will represent delivered physical bars without any paper market dilution and most importantly all participating banks will be heavily regulated and unable to spoof or paint the Fix as they do now.” (Source: “Developments in the Gold Market,” King World News, December 18, 2015.)”

[RealityBitesParticipant 2198]

Saudi Arabia has been threatening to sell of US holdings. And probably because China is also not very keen on buying anymore Treasury Bonds. Both China and Saudi Arabia are major owners of US debt.

The US runs an Annual Budget Deficit of about 1 Trillion per year and I think currently has a 19 Trillion dollar debt.

[sidecarParticipant 35862]

Prefer Peace to Piece wrote:

In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars.

Given how much of the Chinese international economy is based on exports to the U.S., denying a direct exchange would be free trade suicide.

Prefer Peace to Piece wrote:

The old US Dollar which is backed by nothing, or the new Chinese Yuan, which is backed by gold. Which currency would YOU use?

That depends on how much you trust the Chinese government to actually hand over the gold they claim backs up their new yuan.

[RusskyParticipant 13503]

Maybe they’re about to start “stimulating economy” by handing out money directly to people via QE, just to ensure democrat win in the elections.
Or they’re about to announce negative interest rates
One of two

proud carrier of the 'why?' chromosome

[Jim01Participant 6678]

Russky wrote:

Maybe they’re about to start “stimulating economy” by handing out money directly to people via QE, just to ensure democrat win in the elections.
Or they’re about to announce negative interest rates
One of two

seems most likely!

I have no clue about this type of thing but surely if China was effectively about to ruin the American economy, wouldn’t that be the sort of thing that starts wars? I know all of the elites aren’t bound by national borders anymore but it would still cause a lot of upset amongst the rich

[Dr. SableParticipant 1064]

sidecar wrote:

Given how much of the Chinese international economy is based on exports to the U.S., denying a direct exchange would be free trade suicide.

Unofficially China had written off all US debt as a loss since 2007.
Publicly/politically they are playing nice while playing a long term game.
Unlike USA business and financial institutions, who believe debt is good, Chinese know that true asset talks and bulls~~~ walks.

sidecar wrote:

That depends on how much you trust the Chinese government to actually hand over the gold they claim backs up their new yuan.

All they need is 5% or a little less in gold to make it happen. They have it and so does Russia.
While USA has been dumping gold to keep it’s price down to inflate the value of paper/fiat money $US ,
Russia, China and a few other countries have been hoarding it.

Reasons are very simple. You can do any type of financial f~~~ery with paper or virtual currency
but gold is actual, rare and all of us f~~~ers want it despite all the bulls~~~ we are being told.

Zero Tolerance

[experiencedParticipant]

Thank You Jeremiah Johnson for this “heads up.”
Refreshing in that it involves total concentration (NO FEMALES) none of it wasted on laydeez.
OR maybe Chinese leadership which is rife with females (sarcasm) has decided to cut this umbilical to laydeez-wise decisions world wide and completely cut being tied to the corruptest laydeez of them all, the literally Pre-Ordained Hillary.
There is NOTHING like focusing on ONE thing 100%.
Your TOPIC Jeremiah has done this.
Thank You.

Perhaps here, FEAR and GREED are to be avoided by a 50/50 approach.
China has a lot of deflationary potential, more than meets the eye.
dollars(dollar backed anything) VS gold?
dollars(dollar backed anything) VS gold?
Both!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!

"It seems like there's times a body gets struck down so low, there ain't a power on earth that can ever bring him up again. Seems like something inside dies so he don't even want to get up again. But he does."

[AttonParticipant]

Great more potential world changing events.

A MGTOW is a man who is not a woman's bitch!

[sidecarParticipant 35862]

Dr. Sable wrote:

Unofficially China had written off all US debt as a loss since 2007.

It’s not a matter of debt. It’s a matter of trade. You need to exchange dollars and yuan back and forth for that to happen. As large as China’s economy is, it’s still essentially just the cheap crap manufacturing wing of the US and EU economies. If China blocks the exchange of dollars for yuan, then US importers (and most EU importers too) won’t be able to make the exchanges necessary to do business and China will effectively be crashing its exports market.

Do you really think they want to do that?

Dr. Sable wrote:

All they need is 5% or a little less in gold to make it happen. They have it and so does Russia.

Again, it doesn’t matter if they have the gold or not or how much gold they have. Do they have the trust? That’s the only real value any currency has.

Dr. Sable wrote:

but gold is actual, rare and all of us f~~~ers want it despite all the bulls~~~ we are being told.

It’s not all that rare, and except to some very specific industries gold’s only real value is also merely one of trust. I can think of several much more rare elements that have a much higher intrinsic worth.

The reason why gold has historically been used as an exchange medium, a currency, is twofold: it doesn’t corrode, and it’s relatively easy to test its purity using a particular type of stone. Primitive people could trust the touchstone test to verify the gold they had, and they could trust their corrosion proof accumulated gold not to rust away to nothing. It all comes down to trust. That’s why it’s been used as an exchange medium since ancient times, and our use of it today is largely merely carrying on that tradition.

When a country backs its currency with a limited commodity like gold, all it is really doing is claiming (repeat: claiming) it is limiting its currency issue as a promise not to inflate the currency into worthlessness. The value of that claim is only as good as the trustworthiness of the country making it.

For what it’s worth, the US dollar is also not a purely fiat currency. Instead of being arbitrarily pegged to gold, its value is arbitrarily pegged to an average specific portion of man hours of unskilled US labor as set by the various US minimum wage laws. As the value of unskilled labor in the US is relatively low, so too is the relative value of the dollar. This has other economic consequences as well.

[ILiveAgainParticipant]

The markets are all about ‘confidence’.

Shake that and investors panic and pull the plug.

China is trying to do just this … and it may succeed.

I think the way they see it is they just need to loosen a few bricks in the Jenga puzzle that is the US and European financial system … and confidence or lack of will do the rest.

Should that happen OUR fiat system will become very unappealing and the curtain will drop revealing not a wizard but a little man pulling levers that lead nowhere.

Then people will want to physically see their investments … which aren’t really there.

My advice … do what the Fed are doing.

Have a meeting with yourself and figure out how you can survive while trusting nobody.

What can you do to survive all outcomes?

They are not your friends and they certainly are not looking out for you.

You stand alone.

Prepare.

[Dr. SableParticipant 1064]

@ sidecar

I can see your point but ultimately we can go around in circles and sing and dance about politics, trade and money all we want but nothing will change the fact that gold belongs in the top three resources/commodities we need or want.

What i had written and commented about your post is just an opinion based on bare minimum facts without any window dressing caused by complexities of trade and politics which tend to muddy the waters so to speak.

Food, water & gold have always been priorities in human history. Nothing will change that fact until gold runs out and some other commodity takes its physical place.

You mentioned that the dollar can be pegged to an average specific portion of man hours.
Again, I see that as a problem as well because like fiat currency it can be manipulated.
So again we have something to debate about but may or may never agree on.

I prefer to look at things from simpler more basic point of view, mainly because most of the time
things are simple but hidden behind a curtain of bulls~~~.
Again, no disrespect about what you wrote. Just two differing views.

Zero Tolerance

[Anonymous 42]

All of the above^^^^^^^

I’m at 220 gallons of used motor oil and a couple cords of wood, My heating cost has dropped by 50%, by next year at least 95%, @$3.90 pr gallon of heating oil, that saves me over $3,500 dollars. I’m breaking dependency on the dollar in everything I do, the dollars I do create go toward systems that free me from further from dependency on the dollar, as things start to improve (and they won’t)I’ll invest my profits in things that make money not cost money. Things are much worse now than they were in the 1970’s extreme recession. It’s been a depression for the working man while the upper crust enjoys record profits and golden parachutes (a proven recipe for rebellion after mass starvation)<<<<both of which I’m preparing for.
Fools have ruled over the West for far too long, now it’s time to pay the piper.

Urban blight and widespread destruction has become a normal and accepted part of the American landscape. I see this blight spreading to include most of rural NewEngland. Bombs couldn’t possibly do more damage than the liberal progressive policies of the least 50+ feminized years! I have a vacant house that’s caving in for one neighbor, with forest taking over all the rest, all from government policies. My other property has fallen below 50% of the assessed value, lost my stocks in the first smash and grab stock crash smash, I’ve lost over 65% of my material value for a lifetime of busting my ass. And now that I’ve been off the books for so long, I’m not eligible for Social Security, I’m only eligible for more taxation so municipal employees get their generous over compensated pensions and Social Security. Solution? We all fall down… It wasn’t a “bailout”, it was a “bail on”. This fairy tale of America is ending before our eyes, and that end includes EVERYONE…

[Author]

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