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I don't know what to believe. All the doomsday talking heads around the world are saying QE2 is the final nail in the US financial system coffin--that this can't last past 2012 or so--the the Fed has finally gone to far and driven a stake through the heart of the body USA, etc.
Yet life appears to be proceeding as usual.
What's the truth? IS saturating the money supply with QE2 really going to finally sink this nation or is it just more hype-la from people who love to scare ordinary folks? And has anyone taken all this stuff seriously and made plans to move to a foreign country just to get out of America if/when the SHTF?
who cares, unless they have crystal balls to the future what good is worrying about it. just plan some slack in a good balanced financial plan and stop worrying about when the sky is falling. trust me you will know when its time to worry.
You are kidding right? Saturating the money supply is a ridiculous way to put it. M2 is around $9 trillion, $600 billion of artificial demand is barely enough to move the needle. Further QE2 can always be turned around and the Fed can take its balance sheet back towards zero when they choose. Not that it would happen any time soon, but its monetary policy so it can be changed in an instant if so chosen.
QE2 is doing exactly what it should, devaluing the dollar to reflect reality when it comes to current trade accounts. The effect on the economy is likely to be minimal, interest rates are certainly not the problem. In the long run it will raise the cost of living in the US, but nothing like what currency adjustments can do to any other country. But its not as big a deal as one would think if you saw how much it costs to live in most industrialized nations.
So yeah go try living somewhere else, get ready for sticker shock when it comes to the cost of almost anything. Over the next decade the US cost of living will come closer to that level, forcing US residents to consume less, especially imports. Voila there is the solution, at least in theory, for many of the world's economic problems.
That's exactly what they are trying to do. We consume less because of inflation and we not being able to afford it then voila we get forced to produce things ourselves or we wont have it.
Hopefully not too many people will die on the streets because of this inflation robbery tax though.
Common folk still believe the gov that they will protect their wealth so many will perish. Sad.
QE2 is doing exactly what it should, devaluing the dollar to reflect reality when it comes to current trade accounts. The effect on the economy is likely to be minimal
Really???
"NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar. NIA also projects that by the end of this decade, a plain white men's cotton t-shirt at Wal-Mart will cost $55.57."
And a thousand other similar blogs, investment letters, opinions, etc. are pure hyperbole?
Not trying to be a smart-@ss, just trying to figure out what's really what.
most likely all will turn out to be wrong as usual. events have a way of working through themselves and things turn out okay and life goes on.
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