Did you read the press release? http://www.federalreserve.gov/newsevents/press/monetary/20071031a.htm Do you actually buy that over-finessing BS? If so, then I can only surmise oxygen deprivation. You may wish to loosen that tie. By any chance, is your name Mikey? ("Give it to Mikey. He'll eat anything.")
This appears to be a departure from your usual ornate & bloated prose. Poor thing. Try reality.It does exist outside the 'have-not' micro-bubble wherein you prefer to live.
I kinda doubt the growing number of Gold Bulls, including a ton of converts as recently as today, are as threadbare you suggest. The pinko fringe never has been known for bullion vaults.
I don't think the Fed is run by monkeys. I've seen Bernanke on tv, and he doesn't look hairy enough to be one.
I can see that you and I are going to become fast friends. However, I note that you still did not actually answer the question that I asked. Rather, you referred to the Fed's statement. Does it embarrass you to answer my question in your own words, or do you simply not understand the Fed's statement (or my question)? Your three posts thus far in this thread have been nothing but disparaging towards me and others. I'm still waiting for the informative portion of your contribution to kick in...
You may well be a commie have-not but I can't be a communist, now can I?But you tell me, why do all those ET 'have-nots' with socialist or lefty liberal mindsets try to engage in the most 'creme de la creme' of capitalist activities, making money from money, trading in equity & futures markets?
Class conscious? Well, if I am not mistaken, "Champion" is a student of Jack Hershey's methods, subscribes to QCharts and has something of an interest in the Williams %R indicator. One can only assume he comes from money. As an aside, the fact that he thinks the argument against the Fed's actions is "socialist" in nature suggests that he put his thinking cap on back asswards.