in other words they want to depreciate the USD, encourage going into debt and not savings. Good for Wall Street, bad for Main street
Buy gold/silver and protect yourself from these idiot economists!
You are absolutely correct.
And they are not stupid.
They know exactly what happens when they do this.
One of the long-term, back-door goals is to drive down the cost/value of stock to purchase greater shares of the corporations they want to control at rock-bottom prices so that they are more valuable when they deflate the value of the dollar.
This time around it’s different, though.
1. We don’t have the manufacturing base to “produce” our way to a more valuable dollar.
2. We have destroyed the faith of our credit sources so that we can’t “borrow” our way to a healthier economic period (trying to leapfrog over this recession).
This time, when the dollar goes down, it’s down for the count. Next stop: global currency.