http://www.businessweek.com/news/20...on-federal-reserve-plan-to-buy-more-debt.html
Sooner or later, the third leg of the stool, hyper inflation will arrive.
They already tried this, it did not work, and yet 600 Billion Monetization will be tried, that is 600 billion "new" dollars to rob the value of the dollars you have saved..more dollars=less value.
Buckle your seatbelt.
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Exactly, if simply creating more paper lead to economic prosperity every nation on Earth would do so..
Ah well, note to self "plant larger French Style garden this Spring"MikeHoncho likes this. -
Will create a bubble for a time.
Odd thing is, of all US major Media outlets, the only one who is covering this is Glenn Beck. -
Winston Churchill once said that Americans can be counted on to do the right thing....after they have exhausted all other possibilities.
This is yet another case in point for that quote. You would think at some point people would actually start listening to Ron Paul. He's been telling us for years the evils of the Fed and the economic issues this unchecked organization has caused.
It's too bad that the mainstream media tries to paint a picture of Ron being a fool when he's the smartest, most honest politician in Washington.Zippy and MikeHoncho like this. -
I used to marvel at some Turkish friends that I had that would rush to the bank every week to use their paycheck to buy dollars to avoid losing the value in their currency.
I think I will soon be taking my paycheck to buy euros and reminbi.padre31 likes this. -
I wish I were allowed to try Fed-like "solutions" to problems at work and still keep my job :pity:
Hearing **** like this makes me re-think my plans of having kids.Zach13 likes this. -
Scary stuff. Yet there are still people thinking these clowns are doing a good job. I honestly cannot wrap my head around that.
TheMageGandalf, Zach13 and padre31 like this. -
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In countries with "less sophisticated" economies, they have experience with the Central Govt doing this very same thing, so Dowry's in gold and Gold Merchants are well known as monetary protection moves.
I would recommend "Generation Zero" for "Millennial Generation" folks to get a good taste of what the next 30 yrs will look like. -
It used to be an advantage to be paid in dollars .Now the dollar devalues so quickly against my local currency that I have to spend them as soon as I get them .:pity:
Its a sad state of affairs to watch the dollar being manipulated in this way.....and it is being manipulated .MikeHoncho, padre31 and Zach13 like this. -
Wow, sounds like treasury rates must be going through the roof.
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I read about it last week on bloomberg, so no thats not true.
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Last week was speculation. This week it's fact. And yes, after this megaton announcement, nobody but finance sites reported it. You can argue it's because of the elections, but this is huge, and bad.
Check out home page of the drudge. The backlash is starting. -
And that effects what I said how? And if we are just going with when it went official there are articles on abc and such. And I would never support propaganda like drudge comes up with.
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Yes it is true, has Bloomberg done follow up reporting of the effects of this?
If so how much, if not, why not?
Do you believe the rumor last week was sufficient for you to make financial decisions based on the inflating of the currency, in effect, a tax?
Did you notice Crunch's statement on what this means to his finances that concern the dollar? Is that propaganda as well? -
yes bloombergs still reporting on this. I'm reading an article right now by the washington post about it. So others are following it. Sorry no conspiracy here.
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Are they reporting the effects, on individual Americans, or are they saying "risky" "untested" etc etc?
Basically, anything made over seas and imported into America will see a price increase as the dollar loses value, that cost will be passed on to consumers.
That is the final product of Monetization and should be completely exposed for the theft it is.TheMageGandalf likes this. -
are they crying the sky is falling? No. But thats why I read bloomberg, they are for the most part unemotional. And yes the fed is trying to stimulate inflation to grow gdp.