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Fed to Spend $600 Billion More To Help Boost US Economy (How low will the dollar go)
CNBC ^

Posted on 11/03/2010 1:10:06 PM PDT by Hojczyk

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: crash; economy; globalcurrency; monopolymoney; nwo; obama; ogn; omg; owo; peter2paypaul; richrhking; soros; spookydude; theyreinsane
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To: FlyingEagle

I just can’t wait until the dollar is like the Zimbabwe money with hyperinflation. They have trillion dollar bills. I can’t wait until these Fed Reserve morons screw me and my family. Thanks in advance, you nitwits.


81 posted on 11/03/2010 6:38:53 PM PDT by hal ogen (1st amendment or reeducation camp?)
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To: Hojczyk
will gas go up even more, wonderful...
82 posted on 11/03/2010 6:40:09 PM PDT by Chode (American Hedonist - Voter Fraud should be a Capital Offense!!!)
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To: FlyingEagle
18 million went to dead people
83 posted on 11/03/2010 6:42:58 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: WellyP

What will happen to all those far left groups when the old bastard Soros croakes?


84 posted on 11/03/2010 6:46:21 PM PDT by WellyP
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To: Hojczyk

Collapse of the dollar coming!


85 posted on 11/03/2010 6:52:00 PM PDT by rlferny
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To: Captain Peter Blood

then the republicans can get the blame!!


86 posted on 11/03/2010 6:52:44 PM PDT by rlferny
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To: Hojczyk
Get ready for higher gas prices..the lower the dollar the higher the price of oil...Thanks OBAMA

OPEC leaders had already signaled $90 a barrel as an acceptable price target. Given their stance, this pending drop in the value of the dollar, and the increased cost of drilling for unconventional oil sources, we are likely to see $100 a barrel oil before summer.

87 posted on 11/03/2010 6:57:36 PM PDT by Dark Fired Tobacco
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To: cranked

Well said. But instead of jail, I’d like to see them at the stake in the town square with every unemployed person in the country getting his turn with the bullwhip.

And at Bawney to their company.


88 posted on 11/03/2010 7:07:26 PM PDT by chilltherats (He was born with a roaring voice, and it had the trick of inflaming half-wits against their betters)
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To: archivist007
The QE2

Upon hearing this news. This also comes to mind:


89 posted on 11/03/2010 7:12:44 PM PDT by 444Flyer ((Sing it now.) Na Na Na Naaaaa....Na Na Na Na....Hey! Hey! Hey! Goodbye Speaker Pelosi!)
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To: Leftism is Mentally Deranged

You called that exactly right!


90 posted on 11/03/2010 7:13:35 PM PDT by caww
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To: Jedidah

Soros was booted out of Europe and as I understand Clintons welcomed him here. He manipulated the banks in Europe and cleaned up monetarily by doing so, he is a felon and was convicted...so they booted his fanny out. Now he’s doing the same thing in our country..and thru us also on the International scene. The man is heartless and vile


91 posted on 11/03/2010 7:18:04 PM PDT by caww
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To: metmom
Metmom....is that what you have done? I am perplexed and confused on where to start. Don't own, rent. Landlord wants to move me to a very nice apartment where he has another unit he'd like me in, and no other units! ..it's out in the country more, yet just four miles from all I would need. I just found this out yesterday and would occur in the Spring or early summer. I am considering this though I am accustomed to living In cities or downtowns.

But where does one even begin to get into survival mode. There must be lists for essentials from reliable websites. I tried some but there are so many where do you start? Thinking food would be first priority?

92 posted on 11/03/2010 7:28:09 PM PDT by caww
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To: coconut47

That’s about 5500 dollars for every household in America.


93 posted on 11/03/2010 7:57:58 PM PDT by ecomcon
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To: Hojczyk
Fed to Spend $600 Billion More To Help Boost US Economy

This title is a lie. The Fed is not expanding the money supply by half a trillion in order to boost the economy. They are doing it solely to help finance the federal budget deficit. No one is buying Treasury bonds, and the government needs cash to keep running, so the Fed stepped in and bought those bonds with freshly-issued money. (See: Zimbabwe)

94 posted on 11/03/2010 8:06:37 PM PDT by Hoodat ( .For the weapons of our warfare are mighty in God for pulling down strongholds.d)
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To: MrPiper
“1) Do NOT have a single banking relationship. Find solid banks using something like this... http://bauerfinancial.com/btc_ratings.asp
You are a troll, your link sucks.. folks,, don't go there.”

Well I must say, it is not “my” link. I have personally found Bauer Financial Services to be quite helpful in providing an objective measure of the relative financial strength of a bank. It is well regarded in the industry. Here is one review. There are others out there.

http://www.mycity.com/vh/Torrance/CA/shopping/340217/Bauer-Financial-Services

It is not the easiest site to use as you must have very detailed information regarding the bank you want to research. Major banks have many different charters and subsidiary institutions and you must be careful to exactly identify the bank you are researching.

Good luck, and I hold no grudge on you for calling me a “troll”. Your accusation does not make me regret my financial contribution to this very good forum.

95 posted on 11/03/2010 8:11:41 PM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: John 3_19-21

Not only 600 Billion, but 75 Billion a month through the second quarter of 2011. That would be somewhere in the neighborhood of another 450 billion. That only adds up to another Trillion over the next 6-8 months....


96 posted on 11/03/2010 8:36:27 PM PDT by runninglips (Don't support the Republican party, work to "fundamentally change" it...conservative would be nice)
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To: caww; mdittmar; ChocChipCookie

No. that’s what I’d like to do. I was responding to the question in post 25 of “So if you had some cash just sitting on the sidelines,what would you do?”

Right now, we’re looking at insulating the house, putting in a new window or two, getting a new front loader washer, finishing remodeling the bathroom. We could save some money with some of those improvements and I think we ought to before any inflation hits and the money is worthless.

ChocChipCookie has a survivalist ping list that could help you get started.

*sigh* where to begin....

We already live pretty far out in the country in a small town but don’t have a lot of property. Living more out in the country is going to be safer when TSHTF. Less likely an immediate problem with looters and gangs and likely the grocery stores will be looted out in a day or so. Once the food runs out in the cities, it’s going to get ugly real fast. However, everyone will be heading out into the country cause they think food will be there.

Some people have emergency bug out kits stored in their cars. A backpack, an extra pair of sneakers, water, some freeze dried or high energy snack food to carry to get them home.

First off, don’t tell anyone about it. You don’t want them all coming after you for food because they didn’t prepare, and they will and they will expect you to cheerfully share what you have, not thinking that that will make you run short sooner.

The essentials are considered water, food, ammo and a gun, and any medicines that you might need. Lead is considered a better investment that gold or silver, by survivalists. I think salt is going to be an overlooked necessity.

There are many foods that can be stored very easily. I use canning jars for mine as the lids make an airtight seal even though I don’t process them. I store grains, nuts, and spices in mine, usually in the freezer until I need the freezer for meat. Even when they’re not in the freezer, they are pest proof in the jars. However, the jars can break. If you’re somewhere where you can stay, canned goods shouldn’t be a problem, like tuna, soups, etc. but they’re too heavy to carry when *bugging out*.

I have my own canning supplies, a canner, a pressure canner, tons of canning jars and a fair supply of lids. I am able to home can food I can find locally.

I also have a decent stock of paper goods and soaps and shampoos and laundry detergent. A large part of that is because I HATE dragging the heavy stuff in through the slop in the winter, plus, you never know when you’ll be homebound cause of an ice or snow storm. When everyone is in panic mode at the local Wegmans stocking up for the storm before it gets any worse, (they’ve already waited till it started) I’m at home looking out the window thinking that it’s nice that I don’t have to go anywhere.

You know, a good book to read is One Second After. It’s a fictional scenario of what happens after an EMP (electromagnetic pulse) fries all the electronics and society breaks down. It is rather thought provoking and if you’re prone to it, you’ll be crying your eyes out towards the end. I’m not and I was.

What the book really showed me was that without too much trouble, one could have a nice little store of food that, carefully managed, could get them by for a few months. It certainly wouldn’t be what we’re used to, but you could survive on that.


97 posted on 11/03/2010 8:41:20 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: Dubya-M-DeesWent2SyriaStupid!

Ever since bammy got in office, this world has sounded like a Left Behind novel.

It’s not just you.


98 posted on 11/03/2010 8:46:05 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: Captain Peter Blood

.. and the sheeple will blame the oil companies. *sigh*


99 posted on 11/03/2010 9:18:26 PM PDT by Pining_4_TX
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To: jd777
There are 2 districts within the state of Missouri (st Louis and Kanses City) and only 1 west of the rockies (san fran)...

You know in all the years I've been in finance, reading their statements, watching their hearings, etc., I never noticed that.

Thanks, you learn something every day.

100 posted on 11/03/2010 9:25:53 PM PDT by triumphant values (Never criticize that to your right.)
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