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To: Al B.

Palin has her sights on the wrong person thats heads a entity that is under the direct control of Congress.

Either pumping more money into the system to maintain the frail economy or letting the economy totally reset via a depression by not pumping, is the only choices Congress has to get re-elected in 2 years.

What happens after a 2 year time period, who cares? Maybe Palin but she needs to focus on the crux of the matter, spending. The current debt outstanding, nothing can be done about as it haunts taxpayers for decades no matter what is done or said now.

If they weren’t spending they wouldn’t have to print.


119 posted on 11/07/2010 9:18:14 PM PST by Razzz42
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To: Razzz42

Wrong.

Government spending is a total different thing with the Fed’s actions.

Spending represents “real money”. Fed’s printing of money that’s not there yet is “faux” money.

China has been against these Fed’s action since it will further weaken the US Dollar. Ironically, China’s wealth is also pegged on the strength of the dollar.

These are two GODZILLAs that need to be attacked at the forefront.


120 posted on 11/07/2010 9:49:51 PM PST by convertedtoreason ( Nature tells us to take a LIBERTARIAN CONSERVATIVE stance.)
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To: Razzz42
If they weren’t spending they wouldn’t have to print. My point is this: The Fed was explicit on this issue. They want produce more money to induce artificial inflation to further impact on interest rate. The very low interest rate is the main problem for the Fed. After the 2 years of temporarily stable financial market, the next phase would be more "selling" of stocks, rather than "buying". And that prevents the Fed from selling its newly offered Treasury Bills at good price. Palin has timely exposed the effect of Fed's fiscal strategy in the last 6 months: INFLATION!
121 posted on 11/07/2010 10:02:41 PM PST by convertedtoreason ( Nature tells us to take a LIBERTARIAN CONSERVATIVE stance.)
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