Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: reaganaut1

... Is there any truth to the rumor that the plan is after all of the Quantitative Easing is completed that the US Dollar will need to be necessarily devalued upwards to 40% (depending on how many QE’s perpetrated)over the next 20 years to cover the volume of currency that has been printed?


23 posted on 10/27/2013 1:41:36 PM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: R_Kangel

I wonder if in 10 years they will debate whether to lop off a few 0’s from the currency we will be using then.


30 posted on 10/27/2013 1:46:55 PM PDT by GeronL
[ Post Reply | Private Reply | To 23 | View Replies ]

To: R_Kangel
the US Dollar will need to be necessarily devalued

Devaluation? That's when a currency is pegged, either to another currency or to a commodity. FDR devalued the currency by making it worth less gold. We don't peg the dollar, so the government can't suddenly decide it's worth less.

The market can, of course, decide very suddenly that the dollar is worth less.

49 posted on 10/27/2013 2:33:49 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 23 | View Replies ]

To: R_Kangel
... Is there any truth to the rumor that the plan is after all of the Quantitative Easing is completed that the US Dollar will need to be necessarily devalued upwards to 40% (depending on how many QE’s perpetrated)over the next 20 years to cover the volume of currency that has been printed?

40% over the next twenty years? I wish. Try 40% over the next year or two.

I think that creditor nations are getting very close to punting on the Yellen dollar.

59 posted on 10/27/2013 2:58:27 PM PDT by RugerMini14
[ Post Reply | Private Reply | To 23 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson