Skip to comments.Fed to Spend $600 Billion More To Help Boost US Economy (How low will the dollar go)
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
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.
This is actually robbing you and me of our savings and purchasing power. This has to be a #1 priority Jan 2nd.
The very definition of insanity=repeating something expecting a different outcome.
They want they're global currency.
We were attacked by terrorists with airplane bombs,Obama makes a speech that is frightening they are printing more money we don't have and Obama and Hillary leave town. And people are most worried about when Alaska will count their votes.
As long as they earned it. /s
How low will the dollar go?
Well, in 1914 a $20 bill could be taken to the bank and exchanged for a $20 gold coin. With that $20 gold coin you could purchase a very nice suit. Now a $20 gold coin is worth about $1300 and will buy you a very nice suit.
Since then, the dollar is worth about 4% of what is was in 1914. I expect it to be devalued by about 50% over the next 2-4 years and it may accelerate after that until were are like post WWI Germany or Zimbabwe recently.
So if you had some cash just sitting on the sidelines,what would you do?
Fri nights show he will show the who is holding and controlling the puppets. He actually showed a news clip of Soro’s literally saying that the the title of this news article needs to be done.
He’s talking about the devaluation of the dollar and attempts to take us down financially. Today he said that’s more important that the elections last night.
Apparently Friday’s show will be on this subject, with a special next Tuesday and probably all week.
Tough to listen to, scary stuff, and he makes a good case.