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Look, I agree that the Fed has had its hand in hurting the American (and global) economy, but you can blame Greenspan for that one much more than Bernanke. Uncle Ben, while certainly not above criticism, has essentially done an effective job of working with both the Bush and Obama administrations to help America stave off the absolute worst effects of a complete financial collapse. I think history will be brutal to Greenspan, but rather understanding and generous toward Bernanke.
More liquidity is a fancy term for "printing money." The more you have of something, the less each individual item is worth. This devalues our dollars, which results in inflation. Have you noticed how much the price of food has gone up this year? It's gone up because it takes more American dollars to get milk. Why? Because there are more American dollars in circulation.
This sucks. This has exactly the same effect as if Obama said, hey folks, we're going to levy a 4 percent sales tax on all items and then ship the money we collected to rich bankers in Europe. As you know, that would go over like a fart in church. Fortunately, this way, most don't even realize what's happening.
Pisses me off. It pisses me off enough to support Ron Paul.
W.T.F. The Euro was put into place to compete against the USD, and now we're bailing it out. Stupidity at its finest.
Read "The Creature from Jekyll Island." This isn't stupidity. The system is functioning exactly like it was designed to function. This is international socialism for the elite class, compliments of you and I.
More liquidity is a fancy term for "printing money." The more you have of something, the less each individual item is worth. This devalues our dollars, which results in inflation. Have you noticed how much the price of food has gone up this year? It's gone up because it takes more American dollars to get milk. Why? Because there are more American dollars in circulation.
This sucks. This has exactly the same effect as if Obama said, hey folks, we're going to levy a 4 percent sales tax on all items and then ship the money we collected to rich bankers in Europe. As you know, that would go over like a fart in church. Fortunately, this way, most don't even realize what's happening.
Pisses me off. It pisses me off enough to support Ron Paul.
Well hell must have frozen over. I actually agree with you on something. Very well stated post!
Where's the source for this? I believe this is going to happen. It's as predictable as watching a fat guy walk past a plate of donuts ...you just know he's going to grab one. However, I haven't seen the news as of yet that this is a done deal.
Look, I agree that the Fed has had its hand in hurting the American (and global) economy, but you can blame Greenspan for that one much more than Bernanke. Uncle Ben, while certainly not above criticism, has essentially done an effective job of working with both the Bush and Obama administrations to help America stave off the absolute worst effects of a complete financial collapse. I think history will be brutal to Greenspan, but rather understanding and generous toward Bernanke.
In times of more liquidity the people with money and cash put it into commodities, which increases your cost of living...
This is a buzz word for money printing.
People are predicting the end of the Euro, which is probably true.
But AMERICANS ARE NOW BACKSTOPPING LIABILITIES DENOMINATED IN THE EURO... WE HAVE BAILED THEM OUT, BUT WE ARE BROKE TOO
I always stated that I am in the forum to learn, I have not the slightest idea what this means :
Quote:
The Federal Open Market Committee has authorized an extension of the existing temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank through February 1, 2013. The rate on these swap arrangements has been reduced from the U.S. dollar OIS rate plus 100 basis points to the OIS rate plus 50 basis points.
I would highly appreciate if someone could dumb this down for me and explain.
I posted a few months ago an article that said the USA will bail out the EU to the tune of a trillion dollars. Not there yet but we're headed in that direction.
Ah debt based money is a wonderful thing. The dollar and euro are both toast (and the pound in its current form) best to get it over with I say!
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