1 hour till the Federal Reserve Emergency Meeting

[Kakmakr]

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^

[1714755171]

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[Bokelka]

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.

[Carlton Banks]

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.

[ultimatesky]

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.

[LiteCoinGuy]

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.

-----

@Carlton Banks

100%

[Blue_Tiger73]

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.

[Bitcoinpro]

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

[fenican]

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?

[Bitcoinpro]

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

[jt byte]

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.

[mercistheman]

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

[mixan]

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.

[mixan]

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.

[Bitcoinpro]

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

[Gleb Gamow]

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

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.