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*****Fed planning 15-Fold Increase in US monetary base*****
Market Skeptics ^
| March 20, 2009
| Eric deCarbonnei
Posted on 03/20/2009 10:11:56 AM PDT by givemELL
click here to read article
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To: givemELL
H Y P E R I N F L A T I O N COMING..........
The ONLY safe investments will be land, property, and HOLDING precious metals like Silver and Platinum.
(Gold is WAY oversold, imho)
Physical Holding, not funds...
On the bright side, passbook savings yields will go up, but it won’t keep pace with Inflation.
21
posted on
03/20/2009 10:54:16 AM PDT
by
tcrlaf
("Hope" is the most Evil of all Evils"-Neitzsche)
To: givemELL
Can anyone explain to me how this won't cause double digit inflation / hyper-inflation?
22
posted on
03/20/2009 10:54:19 AM PDT
by
mysterio
To: Califreak
This is on purpose. The zero plans to make the dollar worthless so he can “pay off the national debt” with worthless dollars. Never mind that it will take a wheelbarrow full of money to buy a loaf of bread.
23
posted on
03/20/2009 10:55:32 AM PDT
by
Blood of Tyrants
(Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
To: All
There is one place that makes the paper for the currency. Is there a way to check their output and see if it’s either rising or planning a significant increase?
24
posted on
03/20/2009 10:57:22 AM PDT
by
newnhdad
(The longest of journeys begins with one step.)
To: givemELL
25
posted on
03/20/2009 10:57:59 AM PDT
by
Former Proud Canadian
(How do I change my screen name now that we have the most conservative government in the world?)
To: old curmudgeon
HR875 is aimed a criminalizing your ability to be self sufficient in producing your own food. The Marxists are pressing us towards Zimbabwe. Currency devaluation and crushing regulations to make life unbearable.
26
posted on
03/20/2009 10:57:59 AM PDT
by
Myrddin
To: Blood of Tyrants
That is exactly why I’ve been thinking about the Soviet Famine so much lately.
I have never been so afraid of the government as I am now.
27
posted on
03/20/2009 10:58:22 AM PDT
by
Califreak
(111th Congress: Destroying America With Reckless Abandon)
To: wideminded
This would mean the the US monetary base is increasing by a factor of about 3 rather than 15 Whew, I was worried there for a minute.
28
posted on
03/20/2009 11:01:12 AM PDT
by
razorback-bert
(Will trade sex for ammo)
To: Tunehead54
Why are we in this hand basket and where are we going?
Because we haven't been paying attention. The elitists in our government have been playing shell games. AIG is a smokescreen. Just a ruse so that no one would notice what they were doing Wednesday afternoon. The government is making things happen so quickly, WE don't have time to digest the news until days after the fact. Guys, Think silver and gold. A silver coin waved in front of a store clerk can get you a loaf of bread quicker than paper, and it is so much cheaper than gold.
To: mysterio
That’s not the question, really.
They KNOW it will cause hyperinflation,
and THEY DON’T CARE.
They look forward to the day when whitey has a tire burning around his neck.
30
posted on
03/20/2009 11:04:51 AM PDT
by
MrB
(irreconcilable: One of two or more conflicting ideas or beliefs that cannot be brought into harmony.)
To: givemELL
To: razorback-bert
And when anyone says anything-”fold”, most likely they are using it wrong.
There’s a big difference between three times and three fold.
Three times, of course, is 3X. Three fold is 8X (2 ^ 3).
Think of it as “folding” a piece of paper. Fold it once, it has two layers, fold it again, 4, again, 8, etc.
32
posted on
03/20/2009 11:07:09 AM PDT
by
MrB
(irreconcilable: One of two or more conflicting ideas or beliefs that cannot be brought into harmony.)
To: Myrddin
We just ordered heirloom seeds today and paid extra to go to the top of the incoming orders.
Best money we’ve ever spent.
33
posted on
03/20/2009 11:11:20 AM PDT
by
AirForceMom
(Locked and loaded, and sharpening my pitchfork.)
To: givemELL
4.5 trillion quatloos on the US economy!
34
posted on
03/20/2009 11:12:03 AM PDT
by
xp38
To: MrB
Great, back to worrying about being broke, poor and hungry again.
35
posted on
03/20/2009 11:12:59 AM PDT
by
razorback-bert
(Will trade sex for ammo)
To: givemELL
This article needs to get their facts correct.
They mention that 70% of US currency is circulating abroad - which is true to a point. That number is "PHYSICAL" currency, a.k.a. Federal Reserve Notes.
The article then goes on to state how 70% of the current money in circulation (FRN's AND computer entries) is overseas. This is completely incorrect.
FRN's make up about 3% of the currency in circulation. Of that 3%, 70% of those FRN's are held overseas.
36
posted on
03/20/2009 11:16:21 AM PDT
by
politicket
(1 1/2 million attended Obama's coronation - only 14 missed work!)
To: AirForceMom
Hope you can plant them in an Hybrid Free area. The do not do well in cross pollination with Hybrid species. You will not be able to reuse your seeds.
To: Myrddin
I get a kick out of a particular young girl I work with, nice kid but misguided, who thinks that i am just predicting things are going to get bad because i didn't vote for BHO.
I present all the things he is doing or proposing and her reply is, “I just have faith that none of that will happen.”
See what we are up against
38
posted on
03/20/2009 11:22:29 AM PDT
by
lakertaker
(Libertarian Party since 1998)
To: mvruckman
Link doesn’t work....
CA....
39
posted on
03/20/2009 11:24:40 AM PDT
by
Chances Are
(Whew! It seems I've at last found that silly grin!)
To: givemELL
40
posted on
03/20/2009 11:25:30 AM PDT
by
Sequoyah101
(Get the bats and light the hay)
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