Posted: 9/11/2012 6:11:39 PM EDT
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So CNBC has an article on the Fed going ahead with QE3. What does this exactly mean? What are folks going to be in for?
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I've been warning about the further devaluation of the dollar. QE-3 will hasten and may even end the dollar's reign as the world's reserve currency as foreign holders of dollars rush to dump it. What does that mean? Digital dollars race home and we go into hyperinflation.
It will be reflected in fuel, food, utility bills and other products. Protect yourself and your family by getting your precious metals while you can. The shiny stuff won't make you rich. It will preserve your wealth. If you can't do that, get food –– lots of it. |
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just in time for the election.
more smoke and mirrors smart money says no |
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When the car finally teeters over the hill, it will start in countries that don't have the infrastructure or regional security that the US does, and millions will invest in or move their assets to the US, however imaginary they are.
What will be a comparative major bloody headache for the US, will be mayhem for the 3rd world that has just restructured their dependency model from internal farming and dirt hole sustenance, to export-based markets for GDP, and import/industrial markets for food consumption in the post-Nixon opened China generation. The temporary bump in assets flowing into the US probably won't be felt by main street... Chinese steel securities double-backed by vaporsteel... |
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The primary affect will be to contribute to the wealth affect felt by individuals due to rising assets values. This will make people feel good and they will spend more money, creating more demand, and it will have a positive affect on GDP and jobs. The next 2-3 years should be good years in the market, similar to the last 4 years.
The other affect will be to continue to lower interest rates. The problem here is they are already low and anyone that wanted a loan or could qualify for a refi have already done so. dont think it has anything to do with the election, this has been going on since march 2009 |