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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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To: VRW Conspirator

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!!!!!!!!!!!!!!


28 posted on 11/03/2010 3:36:11 PM PDT by Captain Peter Blood
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To: Jedidah

Exactly it is tough to listen too but can it be denied or refuted?


29 posted on 11/03/2010 3:38:32 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Thanks Hojczyk. The government which borrows from Peter to pay Paul discovers that Peter and Paul are conjoined twins who like candy bars.
committing to buy $600 billion more in government bonds by the middle of next year

30 posted on 11/03/2010 3:41:50 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: highlander_UW

I like how you think I needed the laugh thanks.

ALso didn’t Drudge have a headline that sugar prices are to go up?


31 posted on 11/03/2010 3:44:01 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Captain Peter Blood
The QE II mess will be a total disaster!!!!!!!!!!!!!!

Agreed. From the frying plan to the fire. THis is a theft that only the central government can do.

32 posted on 11/03/2010 3:46:28 PM PDT by VRW Conspirator (The greatest deterrent to liberalism is sunlight.)
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To: Hojczyk

Obviously 0bama didn’t learn his lesson


33 posted on 11/03/2010 3:48:10 PM PDT by rightistight
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To: Dubya-M-DeesWent2SyriaStupid!; Jedidah

Thanks for the Beck info. I figured it was going to be something worth watching and something that will make us sick.


34 posted on 11/03/2010 3:49:23 PM PDT by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: LuvFreeRepublic

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.


35 posted on 11/03/2010 3:53:43 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Hojczyk

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.!


36 posted on 11/03/2010 3:53:46 PM PDT by jroneil (2010 is just the beginning!)
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To: Dubya-M-DeesWent2SyriaStupid!
LOL, yes I like people who are not human as well and I really like stupid people like Palin. Gonna be a long battle, but we owe that to our kids.
37 posted on 11/03/2010 3:56:32 PM PDT by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: jroneil

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.


38 posted on 11/03/2010 3:57:22 PM PDT by nascarnation
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To: Hojczyk

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?


39 posted on 11/03/2010 4:00:56 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: Jedidah

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/you-know-who-was-a-big-loser-in-this-election-george-soros-106640398.html


40 posted on 11/03/2010 4:03:43 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: mdittmar

I’d buy myself a little Galt’s Gulch somewhere if I had the money.

Cash just doesn’t sit on the sidelines unless its in a mattress.

This is going to decrease the value of the dollar by that much.


41 posted on 11/03/2010 4:05:09 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: nascarnation

That only works if you have a job. If you own money and can not pay the bank you can maybe delay 6 months the bank taking it. I you own your house out right it will take the city or town probably 2 years to take it.


42 posted on 11/03/2010 4:05:13 PM PDT by jroneil (Cut government in 1/2)
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To: Leftism is Mentally Deranged
Rising prices are easily confused with rising prosperity.

Not necessarily in this situation...rising prices in our current state of high unemployment and even higher under-employment will not necessarily result in higher salaries. What rising prices will do is put pressure on those frozen or non-existant paychecks - more money will be drained for basic necessities and less will be available for discretionary spending. For the mass of people in America with high debt to pay off, those rising prices also mean that there will be less available to pay down or service that debt.

What this does is provide very short term help to the government's balance sheet...at a high price later on. Kick the can down the road to the next election. Just keep the lid on the boiling pot...but it may well be a fool's bet for them because they are damned if they do and damned if they don't.

The financial pressure put on an already battered public straining to just make ends meet could create a bigger explosion than the government not being able to keep it's departments operating for lack of ability to borrow more funds.

43 posted on 11/03/2010 4:10:00 PM PDT by Scott from the Left Coast
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To: Captain Peter Blood

With the passage of Prop 23 here in CA, we’ll soon be paying $9/gal.


44 posted on 11/03/2010 4:10:19 PM PDT by Signalman
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To: Signalman

I mean the defeat of Prop 23.


45 posted on 11/03/2010 4:10:55 PM PDT by Signalman
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To: jroneil

Yes good points. But there are already empty foreclosed homes that just sit. But then property, (the right to smoke a cigarette in your home and flatulance)- taxes will soon have someone homeless. Will the country get to the point when county, state, fed taxes are not collected? I doubt it.

Obama cares for us remember... he wants us all on unemployment and welfare so it will all be ok.


46 posted on 11/03/2010 4:13:50 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Hojczyk

QE2 is just Obama’s end-a-round-run of the incoming republican majority.

He will be able to claim the markets are improving he will be able to show gains in the GDP falsely inflated by 500 billion worthless dollars.

Inflation will be “blamed” on the Republicans and if the dollar slides and fails Obama would then seek UN help in the form of monetary (world currency) oversight (authority). Thus his pro socialist agenda is not dead just re-navigated.
If the future value of the dollar is in jeopardy what institution in there right mind would loan money out today to be repaid at a much lesser value?
Again all of this will be skillfully spun as to blame those greedy Republicans.

Obama is only too happy to have the Republicans in charge when he and the Fed crash the economy.


47 posted on 11/03/2010 4:16:02 PM PDT by John 3_19-21 (The Tea Party will be heard Mr. Speaker!)
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To: Signalman

Soro’s must have bussed in many illegals with an electric bill for the win. That is quire sad I am sorry for Ca. have you thought about moving?


48 posted on 11/03/2010 4:16:22 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: ThePatriotsFlag

The Federal Reserve like the IRS is not constrained by the Constituion.


49 posted on 11/03/2010 4:18:05 PM PDT by John 3_19-21 (The Tea Party will be heard Mr. Speaker!)
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To: John 3_19-21

Post of the year! You nailed it to a tee. I wish I could fit your post as a sig quote. It needs repeated. It is the truth very well stated.


50 posted on 11/03/2010 4:21:25 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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