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Bitcoin => Bitcoin Discussion => Topic started by: Bitcoinpro on November 23, 2015, 05:47:13 PM



Title: 1 hour till the Federal Reserve Emergency Meeting
Post by: Bitcoinpro on November 23, 2015, 05:47:13 PM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Sarahiko on November 23, 2015, 05:50:25 PM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: AgentofCoin on November 23, 2015, 06:17:31 PM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%
I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: spazzdla on November 23, 2015, 07:54:08 PM
The fed is taking the rate from .25% to 0%.

BUY THE DIP


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Denker on November 23, 2015, 07:57:14 PM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy

What? Where did you have that idea from? Any sources?
And where can I bet how much the interest rates will be raised?
Or is it just talk between brokers?
I don't believe the Fed will increase the rates to 1 %. Debts will climb even faster and the states' bankcruptcy as well.
I mean in the end it doesn't matter what they do.They are trapped and there is no way out.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Enjorlas on November 23, 2015, 08:32:33 PM
Negative interest rates.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: markj113 on November 23, 2015, 08:50:23 PM
maybe a token 0.25% rise in the short term.

NIRP in the medium to long term.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Meuh6879 on November 23, 2015, 09:16:09 PM
Negative interest rates.

http://imagizer.imageshack.us/a/img908/613/S5yAkL.gif


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: bonipper on November 23, 2015, 09:59:31 PM
Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm

Quote
Notice of a Meeting under Expedited Procedures

On Monday, November 23, 2015 at 11:30 AM, a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.

Meeting Date: Monday, November 23, 2015

Matter(s) Considered
1.   Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.   9(A)(i)
Effective November 23, 2015, the meeting was closed to public observation by Order of the Board of Governors 1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: AgentofCoin on November 23, 2015, 10:23:15 PM
Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm

Quote
Notice of a Meeting under Expedited Procedures

On Monday, November 23, 2015 at 11:30 AM, a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.

Meeting Date: Monday, November 23, 2015

Matter(s) Considered
1.   Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.   9(A)(i)
Effective November 23, 2015, the meeting was closed to public observation by Order of the Board of Governors 1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.

This is the exception:

Releasing the minutes under the Sunshine Act...
(e) shall not apply to any information pertaining to such meeting otherwise required by this section to be disclosed to the public,
where the agency properly determines that such portion or portions of its meeting or the disclosure of such information is likely to—
(9) disclose information the premature disclosure of which would—
(A) in the case of an agency which regulates currencies, securities, commodities, or financial institutions, be likely to
(i) lead to significant financial speculation in currencies, securities, or commodities,

Which is reasonable. The minutes could create financial uncertainty that is not justified, in the very short term.
They may release the minutes next week though.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: bonipper on November 23, 2015, 10:35:23 PM
Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm

Quote
Notice of a Meeting under Expedited Procedures

On Monday, November 23, 2015 at 11:30 AM, a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.

Meeting Date: Monday, November 23, 2015

Matter(s) Considered
1.   Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.   9(A)(i)
Effective November 23, 2015, the meeting was closed to public observation by Order of the Board of Governors 1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.

This is the exception:

Releasing the minutes under the Sunshine Act...
(e) shall not apply to any information pertaining to such meeting otherwise required by this section to be disclosed to the public,
where the agency properly determines that such portion or portions of its meeting or the disclosure of such information is likely to—
(9) disclose information the premature disclosure of which would—
(A) in the case of an agency which regulates currencies, securities, commodities, or financial institutions, be likely to
(i) lead to significant financial speculation in currencies, securities, or commodities,

Which is reasonable. The minutes could create financial uncertainty that is not justified, in the very short term.
They may release the minutes next week though.


It might be reasonable but won't withholding the minutes create significant financial speculation in currencies, securities, and commodities anyway? The OP was speculating about it. Wouldn't it have been wiser to have kept the fact they were holding a meeting secret, or are they not allowed to do that?


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: AgentofCoin on November 23, 2015, 10:47:43 PM
This is the exception:

Releasing the minutes under the Sunshine Act...
(e) shall not apply to any information pertaining to such meeting otherwise required by this section to be disclosed to the public,
where the agency properly determines that such portion or portions of its meeting or the disclosure of such information is likely to—
(9) disclose information the premature disclosure of which would—
(A) in the case of an agency which regulates currencies, securities, commodities, or financial institutions, be likely to
(i) lead to significant financial speculation in currencies, securities, or commodities,

Which is reasonable. The minutes could create financial uncertainty that is not justified, in the very short term.
They may release the minutes next week though.


It might be reasonable but won't withholding the minutes create significant financial speculation in currencies, securities, and commodities anyway? The OP was speculating about it. Wouldn't it have been wiser to have kept the fact they were holding a meeting secret, or are they not allowed to do that?

I'm not fully informed on what they can or can't do (especially in a national emergency situation),
but I don't think they can have any secret meetings ever. That would be a violation of the Open Public Records Act.

Then again, it may be that they aren't held to the Open Public Records Act since it isn't really a government body.
So, in that event, if they did have secret meetings, it would probably lead to more uncertainty then what they currently do.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: odolvlobo on November 24, 2015, 12:14:21 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%
I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

Higher interest rates is not good for bitcoin. It will cause money to be pulled out of bitcoins and moved into bonds.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: jaberwock on November 24, 2015, 01:06:24 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%
I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

Higher interest rates is not good for bitcoin. It will cause money to be pulled out of bitcoins and moved into bonds.

I doubt, people that invest heavy in BTC are not the same that invest in bonds, at least at this point.

Dollar will strength for a while, so people that don't receive in dollar will see their BTC more valued, for some time


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Moneyburner on November 24, 2015, 01:31:09 AM
They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Carlton Banks on November 24, 2015, 01:34:22 AM
They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Moneyburner on November 24, 2015, 02:10:26 AM
Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

This is what I'm pretty much expecting and have pulled a lot of my investments out in fear of this. (And yes trying to time the market but sue me)



Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: AgentofCoin on November 24, 2015, 02:40:56 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%
I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

Higher interest rates is not good for bitcoin. It will cause money to be pulled out of bitcoins and moved into bonds.

I disagree. Higher Interest Rates will cause money to be pulled out of stocks and then moved into bonds and bitcoin.
The people who "invested" in bitcoin, didn't do so for the short term return, but as a long term hedge against future financial problems.

If Interest Rates go up, people will dump their stocks,
which will cause a fast crash (average people will lose at least 25% of their 401K (stock bag holders)),
which will cause a rise in bitcoin speculation, since it is basically a hedge.

Atleast this is my reasoning to my original statement.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: lolgato on November 24, 2015, 02:48:33 AM
I'm actually very wary wary about this who knows the unexpected might happen. :'(


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: mirana12345 on November 24, 2015, 04:25:37 AM
They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

So let that bubble pop already. I doubt anyone here will have a problem with it, i know i wont, but sadly they're smarter than
to let a thing like that happen. Or are they not ?


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Kakmakr on November 24, 2015, 05:54:29 AM
I cannot see why people would cash out bonds and stocks to buy into Bitcoin. Some perceive Bitcoin as a medium to high risk investment. I should say, some of them would rather invest in gold and silver, before they buy any Bitcoins. It is scary how unstable the economy is, if a 0.5% increase could spark so much panic and disruption.

In times like these, it is better to have physical commodities in your hands, than owning a share or a digital reference to a share somewhere on a stock market. I would much rather trust myself than any other financial institution out there. ^hmf^


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Bokelka on November 24, 2015, 06:44:15 AM
The Fed will delay the rate hike. If it does raise rate, it will be 0.25%. That is alreay 100% increase on the existing rates.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Carlton Banks on November 24, 2015, 09:44:35 AM
They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

So let that bubble pop already. I doubt anyone here will have a problem with it, i know i wont, but sadly they're smarter than
to let a thing like that happen. Or are they not ?

It probably makes most sense to pump the bubble up as big as desired before acting to burst it. I'm in two minds about it; sure, I'm just as impatient that they just get this big recession/depression started, but then I take look back at the previous statement and think "Why am I asking for such a terrible thing to happen?". We've all got bitcoin to help us through, but I wonder if that's going to be come anywhere close to handling what we end up facing. Very unpredictable possibilities IMO.

But then again it is inevitable now, it can't be kicked into the long grass for a whole extra life-time (as was the tactic for handling the national debt up to now). Debt to income is now at such critical levels all over the world, I doubt there's even 5 years of can-kicking that's at all possible now.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: ultimatesky on November 24, 2015, 09:48:21 AM
In times like these, it is better to have physical commodities in your hands, than owning a share or a digital reference to a share somewhere on a stock market. I would much rather trust myself than any other financial institution out there. ^hmf^

This I can't dissagree with. It's always good to have some physical money in your back pocket, incase something happens with all the digital money. Even the money that we have in the bank isn't safe.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: LiteCoinGuy on November 24, 2015, 09:48:44 AM
They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

https://treasonandtreachery.files.wordpress.com/2014/07/fiat-money-make-good-fire.jpg

-----

@Carlton Banks

100%


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Blue_Tiger73 on November 24, 2015, 09:53:03 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%
I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

I don't think that anyone, except Bitcoinpro, thinks that they are going to rise the interest by 1%. Bitcoinpro himself said that it would spark another asian currency crisis and collapse China's economy, so why would anyone want to do that. It wouldn't help anyone, except banks.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Bitcoinpro on November 26, 2015, 01:28:40 AM
The meeting has nothing to do with rates it turns out so their was no chance for them to raise rates, no doubt they wanted too thoug possibly they were not allowed,

Though the Australia RBA has signalled rate rises are coming soon,


http://www.global-rates.com/interest-rates/central-banks/central-bank-america/fed-interest-rate.aspx


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: fenican on November 26, 2015, 01:39:32 AM
Serious question - is OP an idiot? Fed has been telegraphing for MONTHS that the rate increase will be .25% and any further increases will be measured and far apart.  Zero probability of .5% and negative probability LITERALLY LESS THAN ZERO that it would be 1%.

If OP is willing to escrow, I'd be happy to bet as many bitcoins as he has that December rate increase will NOT be 1%. OP game?


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Bitcoinpro on November 26, 2015, 02:17:04 AM
Serious question - is OP an idiot? Fed has been telegraphing for MONTHS that the rate increase will be .25% and any further increases will be measured and far apart.  Zero probability of .5% and negative probability LITERALLY LESS THAN ZERO that it would be 1%.

If OP is willing to escrow, I'd be happy to bet as many bitcoins as he has that December rate increase will NOT be 1%. OP game?

yeh give me 1,000,000 to 1

i knew the odds dumbo

and they are not zero or less than zero  either

u need to understand that i was trying to put pressure on them to

not change the rates, lets hope they stick to their forecast  of only

O.25  

http://www.answers.com/Q/Why_cant_a_probability_be_less_than_0


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: jt byte on November 26, 2015, 02:24:43 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
So essentially your saying this will f**k-up everybodys Black Friday.

This will make bitcoin's price go spiralling downward by tomorrow morning.
Well that ruins my Thanksgiving.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: mercistheman on November 26, 2015, 02:30:09 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
So essentially your saying this will f**k-up everybodys Black Friday.

This will make bitcoin's price go spiralling downward by tomorrow morning.
Well that ruins my Thanksgiving.
Doubt this


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: mixan on November 26, 2015, 02:30:31 AM
Serious question - is OP an idiot? Fed has been telegraphing for MONTHS that the rate increase will be .25% and any further increases will be measured and far apart.  Zero probability of .5% and negative probability LITERALLY LESS THAN ZERO that it would be 1%.

If OP is willing to escrow, I'd be happy to bet as many bitcoins as he has that December rate increase will NOT be 1%. OP game?
What does the federal reserve have any tampering with China's economy?
OP's assumptions are pure speculation as they have no direct correlation like that to each other's economies.
Pure fallacy.
And Above, your Thanksgiving is not ruined neither is your Blackfriday. This is not going to effect either.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: mixan on November 26, 2015, 02:33:15 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
So essentially your saying this will f**k-up everybodys Black Friday.

This will make bitcoin's price go spiralling downward by tomorrow morning.
Well that ruins my Thanksgiving.
Doubt this
No kidding. China does not have so much power on the bitcoin market anyways. I don't know the complete percentage but it can not be more than 25% of all bitcoin reside there and that does not give them enough pull to manipulate the market in such a way. Only whales working in unison can do that, as past lessons have shown us.


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Bitcoinpro on November 26, 2015, 02:39:00 AM
Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy
So essentially your saying this will f**k-up everybodys Black Friday.

This will make bitcoin's price go spiralling downward by tomorrow morning.
Well that ruins my Thanksgiving.
Doubt this

Its already passed, they didnt even look at rates  though i did think it was in the minutes

next meeting is after black friday on Nov 30th


Title: Re: 1 hour till the Federal Reserve Emergency Meeting
Post by: Gleb Gamow on November 26, 2015, 02:01:53 PM
Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm

Quote
Notice of a Meeting under Expedited Procedures

On Monday, November 23, 2015 at 11:30 AM, a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.

Meeting Date: Monday, November 23, 2015

Matter(s) Considered
1.   Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.   9(A)(i)
Effective November 23, 2015, the meeting was closed to public observation by Order of the Board of Governors 1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.

It's worst when you consider that they held a secret meeting to discuss how best to conduct the upcoming normally public meeting behind closed doors. When it was determined that such could be accomplished, the dancing girls were then brought out to round off that secret meeting.