Zimbabwe here we come!
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Bernanke and Beeho are proven insane: doing the same thing over and over and expecting different results. Even worse is that inflationary money printing has even less and less effect the longer you do it. The election can't come soon enough, but of course the damage from QE3 will be done by the time there is a changing of the guard.
Singlestack
You assume that they want to make things better and aren't getting the exact results they want.Quote:
Originally Posted by Singlestack
They know what they're doing ... they are engaged in the destruction of the US dollar, the US economy and capitalism in general on purpose.
Until we wake up and realize that Stalin, Lenin and Khrushchev didn't hate us as much as "Beeho" and the left in this country do, we're not going to make any headway.
http://www.kitco.com/images/live/silver.gif
Is this why the .gov purchased 750 million bullets?
Quote:
Originally Posted by Zundfolge
^^Winner^^
This one is open ended. 40 billon a month into MBS and another 20 bil through twist. Until further notice. Interesting times!
http://www.youtube.com/watch?v=U_JpfK2TUxk
And so many of you still call Ron Paul a nut job. Welcome to Rome 2.0
That explains the jump in bitcoin prices right now.
Gone
I respectfully disagree sbouslog. Hopefully,"we will be ok" perhaps, as it will barely affect markets- maybe 1.5-2%?? as we are approaching zero, the dollar amounts required to show effect grow larger, but this is another tax.
Every dollar that is printed in this (and QE1/QE2), devalues purchasing power by the same dollar amount. Period.
How can that show a return? How possibly could it "cover some of obamacare" other than in some sort of slight-of-hand election year math?
How are we not straddled with more risks (both personal and national) from the additional Federal leverage/exposure?