Home› Precious Metals

What the Fed's $600 Billion Plan Really Means

goingbrokegoingbroke Posts: 1,410
in Precious Metals
Don’t fight the FedText
Many successful BST transactions ajia
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins

Comments

  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    The borrower always becomes slave to the lender. Wake up America, or are we that foolish ?
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>The borrower always becomes slave to the lender. Wake up America, or are we that foolish ? >>




    Agreed but I think we are really printing with QE2. In this case I think the lender is getting the shaft including those retired folks on fixed income.
    Gold and silver are valuable but wisdom is priceless.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>The borrower always becomes slave to the lender. Wake up America, or are we that foolish ? >>



    Foolish - probably - Head in the sand - most definitely
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • johnny9434johnny9434 Posts: 28,310 ✭✭✭✭✭
    this is gonna get real fugly pretty soon
  • pf70collectorpf70collector Posts: 6,645 ✭✭✭
    Endgame. Nothing more the Fed can do but to cause inflation. Because of Congress' ineptness they are relying on the Fed. Joe is going to get hammered. Oil up $5 Plat up $50.....all in one week.
    Montana State Quarter Die Clash

    Box of 20
  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭


    << <i>Endgame. Nothing more the Fed can do but to cause inflation. Because of Congress' ineptness they are relying on the Fed. Joe is going to get hammered. Oil up $5 Plat up $50.....all in one week. >>



    Yea. I think the real problem is oil. How can our economy run without oil and as a bankrupt nation how do we buy it? We can start drilling but it will take a while.
    My eBay Items for Sale
  • rpwrpw Posts: 235 ✭✭
    Eventuality it means
    image
    imageimage Small Size National Bank Note Type Set $5-$100
  • goingbrokegoingbroke Posts: 1,410
    Effectively, what the Fed did yesterday was impose a new tax on consumers
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    We are in one serious liquidity trap. Super low interest rates, quantitative easing, and rising unemployment.
    It's sad when you can sink interest rates, keep the printing presses running, and still have a flat to negative economy.
  • pf70collectorpf70collector Posts: 6,645 ✭✭✭
    Effectively, what the Fed did yesterday was impose a new tax on consumers

    I was watching ABC news yesterday and how the media really doesn't report what is really going on. Diane Sawyer casually saying the Fed is buying $600 Billion in treasuries. There is a mention of inflation here-see link, but the media still downplays what the Fed is doing and what the consequences will be. Where's the 60 MInutes story? What's the headline: Stocks surge on Fed's 600B Plan, not that the Fed is destroying the dollar right in front of you and there is nothing you can do about it.


    Stocks Surge on Fed's 600B Plan
    Montana State Quarter Die Clash

    Box of 20
Sign In or Register to comment.