Fed commits to more Treasury purchases (QE2 IS HERE!)

MSNBC ^ | 11/03/2010 | MSNBC

[ClearCase_guy]

Perhaps I'm reaching too far, but I think what we're seeing here is a "different type" of tariff. The government is enacting a policy that changes the value of the goods we import, and changes the value of goods we export.

Some industries (foreign or domestic) will either benefit or suffer. In the past, tariffs have been used to raise revenue and to protect business interests. I think what we see here is less about revenue, and more about propping up some businesses.

Everyone hates Smoot-Hawley, but we watch Bernanke impose QE and we nod sagely and say "I hope this helps".

[GeronL]

Until there aren’t any stock corporations left I guess.

lol

[Texas resident]

“till when” big time.
It’s like a big game of musical chairs and the fed just cut the number of chairs in half. The music will stop sometime.
Then.....

[EBH]

You are not overreaching. It is exactly correct. It is a way to tax/tariff.

[Domandred]

Don’t forget cigarettes. I keep telling my LDS friends they should have alcohol and tobacco in their storage, not to consume, but to trade with.

[dynoman]

“For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

[TSgt]

Don't Look At What Just Happened To 30-Year Treasuries

[tired1]

Buying silver is a good hedge.

There’s aanother aspect to this. The dollar has been the global reserve currency since ‘48, this may change soon. If there’s another currency or basket of currencies that come into internation use, the buying power for things such as Saudi oil will increase.

[NormsRevenge]

1st, The Titanic

2nd, The QE2

3rd, The Epic Fail

[pleikumud]

The Democrats have controlled Congress since January 2007, and since then the national debt has increased by 58% (from $8.6 trillion to $13.6 trillion -— and growing by over $100 billion per MONTH). Bush didn’t do much to stop the spending, but the Democrat-controlled House of “Representatives” had to approve every dime.

[tired1]

? If there are no conspiracies why does the word exist?

[TSgt]

The Fed is out of bullets.

[MichiganConservative]

Till when?

Till enough people realize America is over.

[Kozak]

[metmom]

QE2?

The QEW is an expressway in Canada that runs from Ft Erie through Toronto......

[metmom]

For those of us who are only semi-literate on the financial system, can you please give us a “For Dummies” explanation of why this will hurt us and what we might do on a personal level to protect ourselves? Is it dangerous to hold government bonds right now? GNMAs?

Count me in on that.

[Quix]

THX THX

[metmom]

I would add that inflation is a subtle form of taxation. This is a big pile of taxes that Obama is dropping on us, a day after we rejected his Big Government policies.

Then we need to rattle the cages of our newly elected representatives.

[metmom]

I was just thinking about survival stuff. Don’t forget salt.

Salt is critical for survival. In all the survival stuff I see, salt is rarely mentioned.

[metmom]

It’s not the government’s business to manage the economy.

They should stick to defending it, including sealing the border.