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View Full Version : Just announced at $600 billion


fbsthreads
11-03-2010, 02:23 PM
XAU/USD Market doesn't know what to do right now. :)

frigido
11-03-2010, 05:44 PM
900 bil actually. The other 300 are "reinvestment on proceeds"

HighInBC
11-03-2010, 06:17 PM
Is that just a fancy way of saying they are going to produce a huge amount of "money" without any backing?

ptrschssl
11-03-2010, 06:21 PM
Was very infomative re: this subject,bonds[IOU's]and QE.
Check on-line at Fox news.

Agathon
11-03-2010, 06:35 PM
Where does the $600 billion come from? It comes from Bennie's computer. Just push Enter and voila! new money! (ever wonder why you pay taxes when they can just create money out of thin air?)

So this is the definition of debasing the currency. Dollar will gradually die. PMs gradually up. Unless there are enough idiots to buy into this hocus pocus and latch onto another bubble. But the bubbles are getting more and more deadly and this can't go on forever.

My one word of advice for people on this forum: make sure you have plenty of PMs to pass on to your kids. Tax free.

Drambuie
11-03-2010, 07:08 PM
Listening to CNN tonight, the plan is to make more available to the banks from the Fed so they can lend more to the less credit worthy businesses that the banks will not lend to now. ???

Isn't this what they did that created the housing disaster???

They are just creating another bubble to postpone the inevitable???

Ziptar
11-03-2010, 07:52 PM
They are just creating another bubble to postpone the inevitable???


DING!!!! DING!!! DING!!!! You Win a Prize!!!


They are bubbling the world.

GoldNuggetBug
11-03-2010, 10:42 PM
Where does the $600 billion come from? It comes from Bennie's computer. Just push Enter and voila! new money! (ever wonder why you pay taxes when they can just create money out of thin air?)

So this is the definition of debasing the currency. Dollar will gradually die. PMs gradually up. Unless there are enough idiots to buy into this hocus pocus and latch onto another bubble. But the bubbles are getting more and more deadly and this can't go on forever.

My one word of advice for people on this forum: make sure you have plenty of PMs to pass on to your kids. Tax free.

You correct where the 600B coming from!!!

The coming FX bubble!!

All CB BOE FRB ECD BOF ARB are printing like there no tomorrow!!

FX to common people now, I see no different from play card and FX both are the same, one have 4 suite with 13 numbers and the other have 13 CB with four different value up to 100. Both paper without any backing! For one to win other player have to lose!

In any playing card there two joker! So too FRN

Welcome to FX bubble take Ben!

Bullish for PM

Silvercoin
11-03-2010, 11:23 PM
taxes will be extremely high in the future to pay for all this sh&t.

if you are young or middle aged person, beware. your standard of living is going to drop big time.