Fed Buys $7.5 Billion In Treasurys

Fox Business ^ | 6/22/2009 | Kate Gibson

[NeoCaveman]

‘Ever notice that when there is bad news the dollar soars? What does this mean to you?

Some people find a false sense of security in the dollar?

[Go Gordon]

The people in this government are not stupid. They know that what they are doing is setting up a catastrophic collapse. Now, why would they want to do that?

Since Obama has a complicit House/Senate, the answer to why would have to be common among Obama and the Democrats that control the House/Senate. Any guesses?

[4rcane]

inflation hurt the poor the most, when every dollar you make gets depreciated in value and the stuff you buy keeps increasing

deflation is better for the poor when everything you buy are cheaper. You have greater purchasing power

[RSmithOpt]

I think we are heading for a huge & serious economic crash w/in the next 18 months.

Look at Bloomberg's energy commodities.....pretty big sell off today (-4 to -5% off since Friday) for NYMEX RBOB gasoline.

I do realize that it is nearing the end of the month and prices usually drop for the 30 day contracts or the speculators will have to take delivery.

I do not see anything positive in the near future that says anything about the US economy growing again....the fundamentals just aren't there for it to happen, especially with TARP, Porkulus, Porkulus II, Goobermint Motors, NK, Iran, -$1.8 trillion in new spending, etc., etc.

[preacher]

Just print up some more money

[AAABEST]

And we haven’t even begun the Prime Mortgage meltdown yet.

Let alone the Alt-A recast meltdown.

Add to both of these the pending commercial real estate crash and the upcoming widespread defaults on consumer debt and credit cards.

[Rick_Michael]

That’s a lovely chart. Scary, too.