It's official. QE3 is here. Here, Fed chairman Ben Bernanke describes vividly the personal biological pre-conditions that motivated this latest round of bond purchasing.
blood shot eyes, are you implying that he's high? 
Topic: QE3 is here! RALLY!!! - page 3. (Read 7102 times)
It's official. QE3 is here. Here, Fed chairman Ben Bernanke describes vividly the personal biological pre-conditions that motivated this latest round of purchasing.
Chodpaba,
Can you explain the correlation? I'm missing it.
Can you explain the correlation? I'm missing it.
Then Samson said, "With a donkey's jawbone I have made donkeys of them. With a donkey's jawbone I have killed a thousand men."
Sounds like a bad ass.
Chodpaba,
Can you explain the correlation? I'm missing it.
Can you explain the correlation? I'm missing it.
And Samson said, With the jawbone of an ass, heaps upon heaps, with the jaw of an ass have I slain a thousand men.
Chodpaba,
Can you explain the correlation? I'm missing it.
Can you explain the correlation? I'm missing it.
I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
There are more dollars now, all else equal it has to boost the price some (maybe tiny). But Bitcoin is a better money because of stuff like QEx, but most people participating in the bitcoin market (at least the segment demanding coins) know this so no immediate effect imo.
1. As in the past those announcements lacked to have an immediate effect on USD/BTC price.
2. The effect will nevertheless be felt when USD inflates in comparison to other currencies like EUR, GBP etc. due to arbitrageurs that help decouple BTC price from USD price IMO. Maybe I got number 2 wrong here. PLs correct me if thats the case.
2. The effect will nevertheless be felt when USD inflates in comparison to other currencies like EUR, GBP etc. due to arbitrageurs that help decouple BTC price from USD price IMO. Maybe I got number 2 wrong here. PLs correct me if thats the case.
I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
It will affect many things other than precious metals as well. Consider companies that are based in the U.S. but do the majority of their sales in foreign countries. Continual QE creates favorable exchange rates for companies like that when they repatriate their earnings. My most favorable pick in this regard is probably Philip Morris International (PM.)
I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
Yep! plus the bitinstant prepaid card that is comming plus Gavin's announcement....
A lot of movements for bitcoin in the next few months. That's gonna be exciting!
I doubt this affects Bitcoin as much as it affects precious metals but it will affect Bitcoin as well. The pressure to go up is increasing and we have the Bitcoin conference coming up as well. Block halving is getting closer... etc.
Gold:
Silver:
yesterday CAD was worth 2.5% more then USD today its 3.1%
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mortgage-backed securities at a pace of $40 billion per month
so what does this mean they will lend out 40 Billion $ a month to who ever wants a mortgage?
The Fed is printing out new dollars to loan to their friends at a cheap rate so that they can pass the cost on to you.
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mortgage-backed securities at a pace of $40 billion per month
so what does this mean they will lend out 40 Billion $ a month to who ever wants a mortgage?
Good bye dollar, hello Bitcoin!
http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm
"Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month."
"These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year"
http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm
"Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month."
"These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year"
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