When will the FED tell us?

morgansforever

How will the news break when the dollar no longer has any purchasing power?
Will Ben and Tim have a news conference? Katie Couric spills the beans to the nation? Will they give us any advance warning?
I just wanna spend em before they're useless.

renman95

They will never spill the beans but will "look" surprised like all the sheeple will. Until then they will continue to "rearrange the deck chairs on Titanic."

morgansforever

What comes after QE4? 5, 6 ,7?

derryb

You'll know when they come wanting your gold (and now silver).

morgansforever

<<You'll know when they come wanting your gold (and now silver).>>

I'm not giving up my 2008/REV 2007 ASE's for melt.
What really is a bummer, the Mint knows exactly what I have, that's scary.

Downtown1974

<< <i>How will the news break when the dollar no longer has any purchasing power?
Will Ben and Tim have a news conference? Katie Couric spills the beans to the nation? Will they give us any advance warning?
I just wanna spend em before they're useless. >>




You will know on payday when you are paid with soybeans, and wheat.

curly

They will never tell us, they'll just pass the blame.

pf70collector

Gold and Silver won't help much. The total in gold in Fort Knox(if it is there) is only around 800 billion- The one year budget for the military alone. We will settle are debt for probably 1/10 probably around 1.4 trillion and start all over. Probabaly start WW III. Hopefully we will become isolationists and give up this World Free Trade and World Economy BS. Rebuild our manufacuring base and no longer relying on China. Take out the 30K troops in Japan and 50K in Germany and strengthen our borders.

cohodk

<< <i>How will the news break when the dollar no longer has any purchasing power?
Will Ben and Tim have a news conference? Katie Couric spills the beans to the nation? Will they give us any advance warning?
I just wanna spend em before they're useless. >>




I am accepting all dollars. Please ship them to me. I will pay for shipping.

Really, you actually think the dollar will have zero purchasing power?

This is very easy to understand. Once the massive strain of the aging baby boomers is behind us, this country will flourish, perhaps like never before. We've got about 20 years of "blah" to deal with. If you are in your 30's, then be prepared for the world at your feet when you're in your 50s. If you are already in you're 50's, then you have already had the world at your feet for the last 30 years. If you are in your 70's then you have enjoyed what may be the greatest prosperity ever bestowed upon a civilization. With the exception of about 7 years during the 1970s, the last 60 years has been INCREDIBLE!!!

Wingsrule

Very refreshing point of view. Thank you.

TheRegulator

It'll go something like this... "the value of the U.S. dollar has never been stronger..."

roadrunner

<< <i> This is very easy to understand. Once the massive strain of the aging baby boomers is behind us, this country will flourish, perhaps like never before. We've got about 20 years of "blah" to deal with. If you are in your 30's, then be prepared for the world at your feet when you're in your 50s. If you are already in you're 50's, then you have already had the world at your feet for the last 30 years. If you are in your 70's then you have enjoyed what may be the greatest prosperity ever bestowed upon a civilization. With the exception of about 7 years during the 1970s, the last 60 years has been INCREDIBLE!!! >>



Definitely agree. It's amazing the prosperity one nation can achieve when they own the world's reserve currency and then systematically depreciate it at the expense of other nations. By exporting our inflation overseas for many decades, we reaped huge rewards. Something we'll probably never see again. Though, China might get to see it smoeday.

roadrunner

gecko109

<< <i>Gold and Silver won't help much. The total in gold in Fort Knox(if it is there) is only around 800 billion- The one year budget for the military alone. We will settle are debt for probably 1/10 probably around 1.4 trillion and start all over. Probabaly start WW III. Hopefully we will become isolationists and give up this World Free Trade and World Economy BS. Rebuild our manufacuring base and no longer relying on China. Take out the 30K troops in Japan and 50K in Germany and strengthen our borders. >>





Not quite accurate. The U.S. government owns in total 261 million ounces of gold. Thats just $392,000,000,000 (yes, thats 392 billion dollars) , or enough to pay just ONE year worth of interest on our current debt. Think about that folks........the U.S. owns more gold than any single entity in the world.......and if they sold it ALL, it would cover just a single year's worth of interest payments.

morgansforever

<<The U.S. government owns in total 261 million ounces of gold. Thats just $392,000,000,000 (yes, thats 392 billion dollars)>>

I used 300,000,000 as a population, not even an ounce per person. .870 to be exact.

roadrunner

The FED keeps telling us inflation is low....and hence the dollar is not weak. And to support that they quote the CPI-U which has undergone several revisions starting in 1983. Can they tell us inflation is not low today using the same model they used from 1979-1982 to Whip Inflation Now?

roadrunner

Downtown1974

<< <i>This is very easy to understand. Once the massive strain of the aging baby boomers is behind us, this country will flourish, perhaps like never before. We've got about 20 years of "blah" to deal with. If you are in your 30's, then be prepared for the world at your feet when you're in your 50s. If you are already in you're 50's, then you have already had the world at your feet for the last 30 years. If you are in your 70's then you have enjoyed what may be the greatest prosperity ever bestowed upon a civilization. With the exception of about 7 years during the 1970s, the last 60 years has been INCREDIBLE!!! >>

RedHerring

<< <i> If you are in your 30's, then be prepared for the world at your feet when you're in your 50s. >>



I'm 47 and born right at the end of the baby boom. My siblings are all in their 50s and born in the heart of the baby boom. They will start retiring in about 5 years (with the balance of the baby boomers) and have 30 years to live on average; barring major medical breakthroughs that could easily up that to 40 years. If the USD remains the world's reserve currency and we can sustain $20 trillion in debt? We might rise again and that's a big maybe. In any event, 50% of the U.S. population better not get angry about working for $8/hr and living on $200 week while the top 10% continue to build wealth.

derryb

The dollar is weak because those that control it's supply want it to be weak. Once they have transferred most of them from you to themselves they will allow it to strengthen. In the meantime, best to store them in PMs.

mhammerman

"How will the news break when the dollar no longer has any purchasing power?"

Think...election cycle.

CaptMorgan

I think we will see it in the citizens first. Like Egypt and Tunisia and Bahrain.

gsa1fan

<< <i>I think we will see it in the citizens first. Like Egypt and Tunisia and Bahrain. >>



Personally, I see this as only option for REAL CHANGE. "Party over, oops out of time!"