I have tip toed around this for long enough. You are a complete idiot if you think a financial system failure is going to make you rich. Even if you were short the world, the brokerage firm your account is at will be shut down, the government will not have any money to make you whole, and you will be broke and unemployed just like everyone else.
However, you will be able to say you were right if there ever is enough money anywhere for a cocktail party to be thrown. The Fed did this not to bail out the market or the big players, they are doing it to prevent a complete shutdown. Why is that so hard for so many to understand?
So many people are too busy trying to have their end of the world predictions proven correct, that you fail to realize why the odds are so heavily against it. Do you really expect the Federal Reserve to sit back and watch financial armageddon happen without doing anything? You may want poor individual people to get screwed to make yourself feel better about your own situation, but collectively we all suffer if this happens. I personally do not want to see people’s lives ruined who were tricked by dishonest people into the situations they are in. I do not feel any elevated status when bad things happen to others that I avoid. Let’s face it, some people that do not deserve to be saved will be, it has always been that way and always will be.
Accept the way the system works and use it to your advantage. Quit trying to force it to meet your requirements. We are far from out of the woods, this is only one little step, which if it does work, will be one of the most brilliant moves of all time by a Fed Chairman. Please read in detail what happened, the discount rate did not get lowered yet, what occurred was something different than that.
