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 ...
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.
He might but the public needs to be educated on how The Fed works and who really runs it.
The QE II mess will be a total disaster!!!!!!!!!!!!!!
Exactly it is tough to listen too but can it be denied or refuted?
committing to buy $600 billion more in government bonds by the middle of next year
I like how you think I needed the laugh thanks.
ALso didn’t Drudge have a headline that sugar prices are to go up?
Agreed. From the frying plan to the fire. THis is a theft that only the central government can do.
Obviously 0bama didn’t learn his lesson
Thanks for the Beck info. I figured it was going to be something worth watching and something that will make us sick.
Last night when I switched the channel to MSNBC watching comedy of Olbie, Maddow,Matthews. I heard Matthews say that Glenn Beck is not even a human being. So I LIKE Beck.
Cash out your 401k at the first of the year
Pay off your debt by time the tax is due you will pay 1/2 as much.!
I pulled all the equity out of my house and borrowed sub 5% for 30 yrs fixed.
I plan on paying it back with Baraqqi minibucks.
It’s not just gas but all prices that will raise.
This is not going to boost the economy, what kind of idiotic ecnonomics books do they read at the federal reserve?