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  1. 10-31-2014, 15:39 #11
    roberth
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    Quote Originally Posted by Sawin View Post
    You have it backward... QE does not inflate the USD, it deflates the USD, in turn causing inflation of goods/services.

    Think about this way, they're printing more money, injecting more dollars into circulation, reducing the "buying power" of each USD.... Having less "buying power" in each dollar, means the cost of products and services go higher.
    Thank you - I should have said "inflates the number of USD in circulation which reduces the value of each USD in circulation". I gotta be more precise with my words, clarity is my friend.

    My point still stands, it should take more USD to buy an ounce of silver, not less like we're experiencing now.
    Last edited by roberth; 10-31-2014 at 15:43.
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