Get ready for higher gas prices..the lower the dollar the higher the price of oil...Thanks OBAMA
The Fed and the Banksters need to be the next target for the Tea Party.
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.
Vanity Question ... when the new folks get sworn in, can the Fed still do something like this without HOUSE approval? Just wondering ... (thanks)
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.
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?
Obviously 0bama didn’t learn his lesson
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.!
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.
This will help. /
The inflation genie is purposely being let out of the bottle. This is all part of the Marxist wealth redistribution plan. Destroy the savings of those that have lived within their means and turn them into serfs.
Had the pubbies not made a killing yesterday, this never would have happened. It is based on making our dollar worthless, while the pubbies control the purse strings, to get us on a global currency. Super-duper inflation just around the corner!
If they want boost our real economy they should loan this qe2 capital to US businesses at 0% instead of to our financial supermaket banks - who unload their crappy derivatives on to the fed and take the fresh capital and send it off to the hot money markets in thailand, china , singapore et. Further sinking our dollar as speculators sell those dollars and buy foreign currency and assets.