Posted on 03/19/2009 8:13:43 AM PDT by Ravi
Global stocks traded higher, as did the dollar against the euro, Thursday after the Federal Reserve's surprise announcement it would buy $300 billion in US Treasurys in order to help the ailing economy.
(Excerpt) Read more at cnbc.com ...
I have known for the past couple of months that our country is bankrupt but the liberals just keep throwing all our taxpayer money down the rat hole. That must be why they are called democRATs.
Gold up 69.30 so far this morning.
Duhh...Predident Obungle is broke.
These idiots are asking for hyper-inflation. If you don’t have your money in gold/silver/platinum or the Euro, you have lost appx 8% of what you have left in US $. Thats in less than 24 hours. I’m convinced they don’t have any other options. The Chinese aren’t going to buy anymore debts. Making a run on the bank is useless as our $$$s will become worthless. Common sense is pushing me to go buy stuff that will have some worth. Which means no US currency, no stocks, no bonds. Very few places left to go now.
Sailboat..Keg o Rum...Spam...Ammo...Tent...Etc.
We now have the government bubble.
Our money being printed should all have Alfred E. Neuman’s picture on it at this point.
i don't get it. How does printing money to buy our own debt 'help the ailing economy"? Isn't that like using a cash advance from MC t5o pay your Visa bill? Only on a massive scale?
When you're in a hole, keep digging, etc.
I just used that same analogy...great minds and all that.
That’s why they want us all to go out and buy houses. But who would want to do that in this crazy economic environment?
I’d suggest we put Obama’s picture on the money. That way when it’s useless for anything but wiping your you know what, we can at least get some satisfaction.
The dollar is only trading higher against the Euro because they are in worse shape than we are. The fact that the other guys life raft is leaking faster than mine doesn’t bring me great comfort.
It’s obvious that it’s dumb, and not going to do anything but cause the inevitable.
Ominously — It means no one in the world wants America’s debt anymore.
Bankrupt ...
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