Posted on 11/03/2010 1:10:06 PM PDT by Hojczyk
The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
(Excerpt) Read more at cnbc.com ...
Get ready for higher gas prices..the lower the dollar the higher the price of oil...Thanks OBAMA
Insanity.
Don’t forget the high food prices also. I predict $4 Gas by Spring.
The Fed and the Banksters need to be the next target for the Tea Party.
Fed to create $600 billion from thin air!
This is a bad idea, but if they’re intent on doing it, a cheaper way to manage it would be, instead of the government spending it, deduct that amount from taxes collected and let the people spend it...that would remove the administration costs of innumerable government purchases.
If this was a private business, these sadistic idiot-ridden fools housed within the Fed, running it, and setting monatary policy would already be in jail. =.=
I don’t know why they just didn’t give every tax paying American 1,000,000 to begin with. I think we could spend the money more wisely than the ones in charge of our hard earned dollar.
Just in time for the Wall St. X-MAS bonuses. The sugar daddy FED keeps doling out the money heroin to the addicts.
Don’t worry this will only effect goods and services that require energy for distribution or use.
Oh wait... that’s everything!
Vanity Question ... when the new folks get sworn in, can the Fed still do something like this without HOUSE approval? Just wondering ... (thanks)
” If this was a private business, these sadistic idiot-ridden fools housed within the Fed, running it, and setting monatary policy would already be in jail. =.= “
As a private sector financier, I offer you a resounding DITTO!
This is their way of increasing prices. They want to pump up inflation. Rising prices are easily confused with rising prosperity.
Government-sponsored inflation is theft. Theft from savings accounts, investments and homes.
Rising prices expose salaries to “bracket creep” enabling the government to take more money and to say that they didn’t.
I can see Obama blaming the Republican Congress for this.
Anyone watching Glenn Beck? He is speaking about this.
I turned Beck on right at the end of his show. What was he saying about Friday night’s show?? Thanks in advance if you know.
R.I.P. dollar~~~
This is actually robbing you and me of our savings and purchasing power. This has to be a #1 priority Jan 2nd.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.