The Fed will not lower interest rates today.

[Subdivisions]

The Fed is in a lethal battle with the Neocons/Big Oil for control of the money. If the Fed lowers interest rates, it will weaken their main weapon with which to fight their global war of dominance. The Neocons want control of the money so that they can introduce the Amero and continue their nefarious activities with regard to control not only the money, but the entire planet.

Greenspan fired the latest salvo with comments from his new book saying the the war in Iraq is about oil and calling the Bush administration the most incompetent presidential administration in history. You can rest assured that, with Greenspans shot across the bow, and the Fed's refusal to cut rates today, will surely be cause for retaliation by the Neocon faction. Will it be a nuclear strike against an eastern city (so the fallout spreads east, away from the US and over the Atlantic)? Or, will be a strike on Iran? Will it be an attack by the Neocons on the dollar?

Will the Fed RAISE the interest rate and purposely send the economy down into a death spiral, just as it has wont to do in the past?

We're about to find out - at 2:30pm Eastern.

Strap yourselves in.

[truebrit71]

1. They won't raise the rates, but I'd giggle if they stayed pat...

..Bernanke will fold though and give the street a 25bp cut...

[Subdivisions]

2. That will only serve to weaken the dollar further on the same

day the Hugo Chavez announces that Venezuela crude oil will move from the dollar to the euro and Iran is doing the same. At the same time, the dollar is weaker against the Canadian dollar and the Japanese yen. I'm not sure if Ben will want to weaken the dollar, and by extension, the Fed's hold on the control of money at such a critical time in history. If he makes the wrong move, the Neocons could win this war for political and financial dominance and the Fed could die as a result.

[DemocratSinceBirth]

3. The Bond Market Has Already Factored In A Cut

He isn't going to spook them...

[MazeRat7]

5. Yup.. I think your right....

and considering 25bp is already priced into the market... the net effect will be next to nill...

I guess we will know in about 10 min....

MZr7

[taught_me_patience]

4. The Fed serves wall-st's interests

and Bernanke is the softest of all the Fed Chairmen. I'll predict a 50bp cut. Gold and oil will rally as the dollar keeps sinking.

edited for spelling

[taught_me_patience]

7. BOO-YA

Look at oil go. GO BABY GO!!!!

[onyourleft]

6. They cut by...

50 basis points.

[Subdivisions]

Well, I called that one wrong. I thought they would have

stayed put. And look at the markets soar!

Oh well. Looks like we're going to have to deal with a further weakening dollar and higher oil prices.

[Zodiak]

9. So does that mean the neocons won?

or are winning, since they wish to devalue the dollar and move to the Amero?

[truebrit71]

8. Well Bernanke just showed the world what a ball-less bastard he is...

...he got bullied into the cuts by Wall Street...

[DemocratSinceBirth]

10. According To The OP He Thwarted The Neocons

Damned if he does...Damned if he doesn't...

[truebrit71]

11. Nope. This is a band-aid on compound fracture...

...the afterglow will wear off quickly I think....

[DemocratSinceBirth]

12. Keynes Said "In The Long Run We Will All Be Dead"

Possibly the most practical and effective economist of all time...

[PDenton]

13. the rate cut is not going to do anything

but prolong the inevitable. They are exchanging a little inflation for holding the house of cards up a little while longer. Personally, I think they should have raised rates or kept them the same, inflation isn't in check, it is just getting worse. It worked for Volcker in the 70's and 80's with stagflation, why not now? It is time for a recession, it is long overdo. Sounds mean but Bush's crap needs to come home to roost. The economy is one big buble at this point and only the people on Wall Street miss that.