Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This will affect every single dollar in existence from your pocket to ALL of your investment and ALL of your property both personal and real estate.
THINK ABOUT IT!
#1 Quantitative Easing Will Damage The Value Of The U.S. Dollar
Each time you add a new dollar to the system, it decreases the value of each existing dollar by just a little bit. Now the Federal Reserve is pumping 900 billion dollars into the system and that is going to have a significant impact. Bill Gross, the manager of the largest mutual fund in the entire world, said on Monday that he believes that more quantitative easing could result in a decline of the U.S. dollar of up to 20 percent....
This will affect every single dollar in existence from your pocket to ALL of your investment and ALL of your property both personal and real estate.
THINK ABOUT IT!
#1 Quantitative Easing Will Damage The Value Of The U.S. Dollar
Each time you add a new dollar to the system, it decreases the value of each existing dollar by just a little bit. Now the Federal Reserve is pumping 900 billion dollars into the system and that is going to have a significant impact. Bill Gross, the manager of the largest mutual fund in the entire world, said on Monday that he believes that more quantitative easing could result in a decline of the U.S. dollar of up to 20 percent....
They are too busy betting on football, watching Dancing With The Stars, musing how their next "hot" date will turn out, and spending their last dime to either dress, drive, or live like they are filthy rich. They haven't figured out yet that all of that stuff is so over.
Sure, we all felt richer the last 20-30 years when our stocks and our home prices reached for the sky. Yep...just use that house like a big ol' ATM! Zip out that new platinum card to impress the new girlfriend! Everybody was doing it on borrowed money.
Now the party's over, but we're left with a bunch of folks still drunk on easy, borrowed money, still thinking the good times will be back before you know it.
You're right -- they just don't get it. If they don't wise up soon, they'll be the ones to cry. Why waste your time trying to convince 'em? They'll find it hard enough to believe once it happens, let alone now...
They are too busy betting on football, watching Dancing With The Stars, musing how their next "hot" date will turn out, and spending their last dime to either dress, drive, or live like they are filthy rich. They haven't figured out yet that all of that stuff is so over.
Sure, we all felt richer the last 20-30 years when our stocks and our home prices reached for the sky. Yep...just use that house like a big ol' ATM! Zip out that new platinum card to impress the new girlfriend! Everybody was doing it on borrowed money.
Now the party's over, but we're left with a bunch of folks still drunk on easy, borrowed money, still thinking the good times will be back before you know it.
You're right -- they just don't get it. If they don't wise up soon, they'll be the ones to cry. Why waste your time trying to convince 'em? They'll find it hard enough to believe once it happens, let alone now...
Trouble is, they may take the whole country down with them--including those who understand what is happening and who have tried to be prudent in their saving, investing and borrowing. They get to go down with the sinking ship, too.
And every country in the world had something bad to say about QE2.
Some are even getting together themselves to work out plans to protect their countries.
There's a flight from bonds and raw commodities are reaching new highs.
Does Ben think he can reinflate home values through inflation ?
We have over 15 million unemployed on food stamps and unemployment..what does he think that inflation will do to them ?
we will have to meet back here in a few years to see if we have to do our complaining. so far im loving all this QE stuff as inflation is still running at a normal pace and my investments are all looking great as assets get a little reflation..
numbers coming in are getting better on all the reports monthly and eventually the last two to be helped should be unemployment and housing but they are still aways off as they are the last to improve traditionally.
we are all assuming this is going to turn out a bad thing but we dont know that yet do we?
Why do you think the dollar is worth only 4% of what it was in 1913, when the Fed was created? This exact reason...
That is a statement only a talented and gifted propagandist could make.
Only the Swiss Franc has retained any real value and even so, it's lost 25% of its value. The currency of all other countries has depreciated as much or worse than the US Dollar.
You also erroneously assume that if the Federal Reserve had not been created, your US Dollar would still be worth something AND you would have the same standard of living. You couldn't be more wrong.
And every country in the world had something bad to say about QE2.
Some are even getting together themselves to work out plans to protect their countries.
There's a flight from bonds and raw commodities are reaching new highs.
Does Ben think he can reinflate home values through inflation ?
We have over 15 million unemployed on food stamps and unemployment..what does he think that inflation will do to them ?
just the opposite, where do you see flight from bonds? commodities reaching new highs havent resulted in more then our normal inflation yet on finished goods as far as price increases. these commodities have risen quite a while ago . other costs are still very low especially labor that make these finished goods.
as i said , prices rising today are more a threat we will slow down the economy not heat up. every penny that goes for something that has gone up comes at the expense of not buying something else .
most of us are still licking our wounds from pay cuts,less work, no raises or no jobs. to much money chasing to few goods which afterall is what inflation really is wont be a problem for quite a while
Last edited by mathjak107; 11-06-2010 at 03:45 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
