Fed Expands Operation Twist - Coin Community Forum

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Author	Replies: 9 / Views: 1,601
Center Pin Valued Member Canada 178 Posts	Posted 06/20/2012 1:02 pm http://www.bloomberg.com/news/2012-...ear-end.html So is this printing money or just a card trick to make people feel better? Report this Post to the Staff

IndianGoldEagle Bedrock of the Community United States 36744 Posts	Posted 06/20/2012 1:07 pm In a word, yes. It is expanding the money supply. More digits. Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 06/20/2012 1:26 pm It's the warm-up act for QE3. Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 06/20/2012 4:28 pm The DOW didn't seem all that interested in the news. I suppose most analysts saw it coming. Silver actually lost .30, which makes absolutely zero sense to me. Everything about this market is so incredibly counter-intuitive! Report this Post to the Staff
Merc Man Pillar of the Community United States 561 Posts	Posted 06/20/2012 4:54 pm Quote: Everything about this market is so incredibly counter-intuitive! Report this Post to the Staff
AlmostCollectible Valued Member United States 384 Posts	Posted 06/20/2012 6:36 pm So this is sort of a card trick rather than more money printing, like OP mentioned. The Fed just buys one type of security and sells another for the same amount. There is no printing of money involved, and that is why silver and gold went down. Here is an article that explains a bit of this: http://www.usatoday.com/money/econo...y/55711162/1 Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 06/20/2012 6:44 pm Looks like a lot of paper shuffling and a lot of bluster to try and pull the wool over the eyes of people. A bit like dusting off the cans of beans on the shop shelf and stacking them neatly for sale, Nothing changes they just look better Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36744 Posts	Posted 06/20/2012 7:46 pm I think everything in the financial world right now is nothing but smoke and mirrors. They are doing everything they can to hold things together. Metals are being kept artificially low by naked short sellers on the Comex. This makes the banksters a lot of money without owning real metal. It also makes average Joe six-pack think that buying metals is too risky. They need to keep their money safe "in the system". But how long can this last? Report this Post to the Staff
coinwatch Pillar of the Community United States 808 Posts	Posted 06/20/2012 9:57 pm Smoke and mirrors is right. The whole purpose of Operation Twist is to convert short term treasuries to long term debt. The net effect is similar to QE except the accounting doesn't look quite as horrible. It's an election year gimmick and the timing is no mistake. QE may be delayed until after the election, but it's coming. How long can it last? Well, politicians on either side of aisle can't seem to see past the next election. The banks don't seem to care; money hasn't been real to them in decades and the pixie dust created by the Fed is more to their liking anyway. That leaves just you, me, and every other hard working Joe who calls North America home. Perception and inertia is all that's keeping the game going now. Needless to say, I'm bullish on PMs. Edited by coinwatch 06/20/2012 10:04 pm Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36744 Posts	Posted 06/21/2012 11:38 am Coinwatch, I couldn't agree with you more. Ten years ago you couldn't convince me that the whole financial system could be rigged. Now every where I look see things that just don't seem right. Manipulation of everything. Sure wish more people in this country would wake up an see where we are headed. Another big hit to metals today. A gift for us PM buyers. Report this Post to the Staff
	Replies: 9 / Views: 1,601

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