Umm I watch Fox personally. I'm not saying they are perfect, but have you seen the shit that's on CNN or MSNBC? All three have their bias but only one has REAL reporters that don't show their true colors when reporting or interviewing people. That is Fox with Brett Beir and Chris Wallace. Even CNN's "reporters" show their bias at times.


That being said, they are in business and need a target audience. It is quite obvious what demographic each channel is going after and I don't see any of them trying to deny it.

some more coverage. QE2 in this instance is not the Queen Elizabeth 2, but the second round of "Quantitative Easing". A nicer sounding word than the second round of de-valuing the dollar.

Fed money-printing scheme
triggering bond price meltdown!
by Mike Larson

Dear Subscriber,

Larry Edelson

Since talk of new money-printing first surfaced a few weeks ago, 30-year bond yields have jumped sharply higher — from 3.46% to 4.32%. That's a 25% surge in borrowing costs!

It's the biggest interest rate rise in a year — and it's showing no signs of slowing. Yields surged yesterday after a lousy auction of 10-year Treasury Notes. Then they surged AGAIN today after the sale of $16 billion in 30-year Treasury bonds bombed.

Ironically, this is exactly what Bernanke said would NOT happen:

In fact, the Fed chief's main excuse for printing $600 billion over the next eight months was that the money was needed to buy up bonds and LOWER long-term interest rates!

But just as we warn in our online presentation, global investors in U.S. bonds are recoiling in horror — and for good reason:

They know that the Fed money-printing will drive the REAL value of their bonds down sharply!

No wonder they're dumping U.S. bonds, driving the prices lower!

And no wonder they're demanding higher yields, driving long-term interest rates higher!

Moreover, bonds are just ONE of the five asset classes directly impacted by the Fed's new money-printing scheme. The others are:

* Currencies. As the Fed drives down the value of the dollar, it drives UP the value of major foreign currencies. Meanwhile, right now — TODAY — the Fed's money printing plans are wreaking havoc at the G-20 meetings in Seoul, South Korea.

The main problem: Foreign nations are concerned that this massive supply of newly-created dollars will flood into their economies and drive their currencies through the roof!

* Precious metals. Despite a correction that began last night, gold and silver are still in massive, long-term bull markets.

* Agricultural commodities. Since QE2 talk began, commodities have been on a tear. They're rising even faster than bonds are falling.

* Stocks. QE2 has mixed impacts on the U.S. economy and stocks. But for emerging markets, the combination of strong domestic growth and a rapid influx of U.S. dollars has been extremely positive.

QE3 & QE4 are almost certain to follow.

Funny, no one wanted to buy our new money..... not good folks

exactly what's being counted on Rick :rofl:

Dr. Doom aka Rubini is saying he definitely sees QE3 & 4 and doesn't know if it will stop there. For those of you don't know this guy, he actually wrote a book on this whole crisis before it happened. :)

No offense taken Rev - only problem is they show the various people live on camera actually saying the things they say.. there is no un verified references, yoiu get to see the various players talk about the little people who can be manipulated because they "all have a little Homer Simpson" in them.

There can't be, actually is there no question that the Fed is printing tons of money - They've already announced and started printing QE2 which will be over $600B USD. They've made no contention to the fact that this is being done to monetize the debt, and there is no way in hell you can print money to pay your debts without igniting inflation. Add to all this that Europe, China, India, Japan et al are also just holding on, and it all adds up to one big fuck everyone when the shit goes down.

I'm hoping I (and Glenn) are wrong, but don't see how it could go any other way at this point.. it will get worse before it gets better :blink:

Ditto. No offense taken here either.

:threadjacked:

By the way Rev, been awhile since we seen any new family pics Bro :D

:picmonster:

Right you are MD, but be careful about putting too many eggs in the gold and silver basket. They aren't the universal commodities they were in days of yore. They are pretty much considered "safe haven" because of a general consensus that they are a safe haven, not because of their intrinsic value. It's starting to stink like tulips, semiconductors, and real estate - just waiting for the pin to poke it. I think Glenn has a message that's good for our country, but he is also stroking the hand that feeds him with his buy gold and save seeds message.

I don't know where you guys should put your resources, but now more than ever is the time to be widely diversified and make sure you have some universal skills. I'm just hoping housing prices plummet a bit more in the next 24 months so I can afford my dream house.

Shit Patch, I'm hoping the housing market recovers so I won't be underwater anymore. Unfortunately, I think you'll be the winner on this one so be ready.

I own a very small, very small amount of silver and far less gold. I have my portfolio very diverse (I'm into 5 asset classes in my IRA). But, if you recall, I did say stock up on canned goods too :rofl: Being unemployed makes it tuff to buy gold in any quantity :blink:

The guy that did the "survival seed" commercial that used to air on Glenn Beck was my next door neighbor back then, he's since moved - weird :P

I put my money in the stock market. Been killing it. Wish I would have sunk more into it a year ago. Banks ain't paying me squat in interest. I know stock market could crash, world could burn but it is what is an its lining my accounts with dough. Gold and silver is too boring. True it will hold its value if the dollar should go ape shit but I figure if that happens the world will be doomed, riots will happen, pandemonium, violence, etc. I try not to listen to too much news as it is bullshat or has alot of bullshat being reported. Jim Cramer was spot on on many of things that have happened since 2007. We will make it thru this. I'm not trippin.