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To: John W

And so it begins...


158 posted on 08/11/2010 1:55:26 AM PDT by Monorprise
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To: Monorprise
Yes, the Dollar will drop like a rock as this downward spiral begins to pick up speed. Stagflation will be the result. The value of the Dollar will plummet while the value of commodities and other assets will also drop.

The Fed is literally, just “creating” it's own funds in the “Treasury” by simply adding more zeros to the balance without actual securities or assets backing it. They then hand the “money” over to CONgress to spend, spend, spend, and spend.

Historically, when a government monetizes it's currency, hard times are guaranteed. It's money being spent with money we don't have and nobody is giving (borrowing) us the money to back up the money we are spending that does not really exist.

It's pure and simple INSANITY!

159 posted on 08/11/2010 2:21:12 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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