Federal Reserve Delays Taper, Continues Debasement

On Sept. 18, the Federal Open Market Committee issued a statement saying that they would not yet begin to reduce the $85 billion monthly debasement of the US dollar, which is carried out by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term treasury securities at a pace of $45 billion per month. The Committee also decided to keep the target range for short-term interest rates at 0 to 0.25 percent for at least as long as the unemployment rate remains above 6.5 percent.

JK: I don’t think people are hedging against the euro with bitcoin. The crisis brought a lot more attention and exposure to Icomarkets. People found out about Bitcoin because of the euro crisis, but we’re not flooded by people from Cyprus trying to buy bitcoins, so it’s not a direct correlation.

This means that you can begin trading with a low capital outlay to dominate a large currency position. You can trade for a standard $100,000 currency lot by with just $1000.

Silver Circle is showing now on Video on Demand platforms! Check it out on our watch online page and find out about local theater showings of the film and other special events on our event page.

12/14: As the year winds down, there is still news to be discussed on the Rabbit Hunt. First, we look at two states that looking at online gaming legalization in the US, both of which have tried before. Then, we look at our picks for “Best of the Year” based on the Readers Choice Award on Bluff Magazine. [Visit Website] [Download MP3].

12/19: Mark “dipthrong” Herm, an online poker superstar over the last 5 years, joins BIG Dave and Steve Karp to discuss his deep run at EPT Prague. He also talks about his experiences as a backer along with his current gig hosting a poker podcast. [Visit Website] [Download MP3].

Around the world we see economies crumbling, massive rioting and governments taking desperate steps to control their citizenry with restrictions on cash transactions, the movement of funds across borders and on Gold itself.

At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money…the days of World Paper Money are numbered and…there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or…

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