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Fed to Spend $600 Billion More To Help Boost US Economy (How low will the dollar go)
CNBC ^

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 ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: crash; economy; globalcurrency; monopolymoney; nwo; obama; ogn; omg; owo; peter2paypaul; richrhking; soros; spookydude; theyreinsane
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1 posted on 11/03/2010 1:10:09 PM PDT by Hojczyk
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To: Hojczyk

Get ready for higher gas prices..the lower the dollar the higher the price of oil...Thanks OBAMA


2 posted on 11/03/2010 1:11:24 PM PDT by Hojczyk
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To: Hojczyk

Insanity.


3 posted on 11/03/2010 1:12:34 PM PDT by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: Hojczyk

Don’t forget the high food prices also. I predict $4 Gas by Spring.


4 posted on 11/03/2010 1:16:32 PM PDT by Captain Peter Blood
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To: Hojczyk

The Fed and the Banksters need to be the next target for the Tea Party.


5 posted on 11/03/2010 1:16:57 PM PDT by FReepaholic (Yoiks...and away!!)
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To: BenLurkin

Fed to create $600 billion from thin air!


6 posted on 11/03/2010 1:17:59 PM PDT by glorgau
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To: Hojczyk
This is going to KILL us folks that run kerosene and type II oil to heat our homes..
7 posted on 11/03/2010 1:19:20 PM PDT by Michael Barnes (Guilty of being White.)
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To: Hojczyk

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.


8 posted on 11/03/2010 1:22:56 PM PDT by highlander_UW (Education is too important to abdicate control of it to the government)
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To: Hojczyk

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. =.=


9 posted on 11/03/2010 1:28:04 PM PDT by cranked
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To: Hojczyk

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.


10 posted on 11/03/2010 1:37:25 PM PDT by coconut47
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To: Hojczyk

Just in time for the Wall St. X-MAS bonuses. The sugar daddy FED keeps doling out the money heroin to the addicts.


11 posted on 11/03/2010 1:43:09 PM PDT by Gen-X-Dad
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To: Hojczyk

Don’t worry this will only effect goods and services that require energy for distribution or use.

Oh wait... that’s everything!


12 posted on 11/03/2010 1:43:12 PM PDT by NoLibZone (Homosexuals oppose diversity.)
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To: Hojczyk

Vanity Question ... when the new folks get sworn in, can the Fed still do something like this without HOUSE approval? Just wondering ... (thanks)


13 posted on 11/03/2010 1:58:40 PM PDT by ThePatriotsFlag (You are just jealous because the voices aren't talking to YOU!)
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To: cranked

” 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!


14 posted on 11/03/2010 2:03:31 PM PDT by stephenjohnbanker
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To: Hojczyk

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.


15 posted on 11/03/2010 2:07:18 PM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: Captain Peter Blood
Don’t forget the high food prices also. I predict $4 Gas by Spring

I can see Obama blaming the Republican Congress for this.

16 posted on 11/03/2010 3:07:35 PM PDT by VRW Conspirator (The greatest deterrent to liberalism is sunlight.)
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To: Hojczyk

Anyone watching Glenn Beck? He is speaking about this.


17 posted on 11/03/2010 3:11:50 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Dubya-M-DeesWent2SyriaStupid!

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.


18 posted on 11/03/2010 3:14:48 PM PDT by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: Hojczyk

R.I.P. dollar~~~


19 posted on 11/03/2010 3:16:18 PM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Hojczyk

This is actually robbing you and me of our savings and purchasing power. This has to be a #1 priority Jan 2nd.


20 posted on 11/03/2010 3:23:34 PM PDT by Shady (God Bless the United States of America...and your gift of LIBERTY to all!)
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To: glorgau
And with Barney Frank, Schumer et al back in there they will allow people making 5 dollars an hour to buy a 500K house.

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.

21 posted on 11/03/2010 3:24:52 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Leftism is Mentally Deranged

Sadly...Well said.


22 posted on 11/03/2010 3:27:04 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: glorgau
Fed to create $600 billion from thin air!

As long as they earned it. /s

23 posted on 11/03/2010 3:28:07 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Hojczyk

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.


24 posted on 11/03/2010 3:29:44 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Hojczyk; All

So if you had some cash just sitting on the sidelines,what would you do?


25 posted on 11/03/2010 3:30:12 PM PDT by mdittmar (i)
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To: LuvFreeRepublic

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.


26 posted on 11/03/2010 3:31:25 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: LuvFreeRepublic

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.


27 posted on 11/03/2010 3:31:37 PM PDT by Jedidah
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