FORUMS
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| 03-21-2009, 02:56 PM | #2 |
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Warranty Killer
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Yeah this is pretty scary news. It means the fed is buying bad debts. The value of dollar will decline, inflation will occur, eventually interest rates will rise, oil will start to peak and pretty much every country outside USA knows we have no credits. It's a last resort trying to stop the downward spiral of pricing.
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EUROPROJEKTZ Midwest Member
08 335i Jet Black | too much to name....  |
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| 03-21-2009, 03:12 PM | #3 | |
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Major
 
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| 03-21-2009, 03:16 PM | #4 |
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Warranty Killer
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What I don't understand is they've tried this method before in 1960s called operation twist, it didn't work then why will it work now? Can anyone enlighten me?
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EUROPROJEKTZ Midwest Member
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| 03-21-2009, 04:31 PM | #5 | |
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An ex-addict :-(
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135i Montego Blue, Grey Boston Leather, MT, Sport Package, Premium Package, Navi, Premium Sound, Heated Seats, iPod.
[SIGPIC][/SIGPIC] We search for certainty and call what we find destiny. Everything is possible, yet only one thing happens. -Michael and Ellen Kaplan |
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| 03-21-2009, 04:38 PM | #6 |
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Night Sh1ft
Drives: E90 M3 Join Date: Oct 2007
Location: It's bobsled time
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well the good news is, we dont have inflation...yet
when your concern is avoiding deflation, youre willing to print money. Thats basic Is all this money printing bad? Certainly in the long run it doesnt look great, but consider that the dollar has appreciated while we have been printing. You ask, why!? How is that possible!? The really unfortunate answer: the rest of the world is doing worse than us, and the bets are in, that we get out of recession before everyone else, so people have flocked to the dollar as a haven currency. The same has occurred with the yen, but that has eased a bit in the last month as Japan has come out with a slightly more unfortunate view of their own economy. So yes, printing money is bad, were going to eventually have to deal with it. But ask yourself, would you rather crumble now? Bring back the gold standard 
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| 03-21-2009, 04:50 PM | #7 |
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Warranty Killer
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what you're saying is true usd is stronger against other currency besides euro. But as of last week I believe it was Wednesday when the fed bought the treasury bonds but imediately afterwards usd had it's biggest lost in one day since 1985 going from 87 to just under 83. By the way oil has been also rising ever since.
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EUROPROJEKTZ Midwest Member
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| 03-21-2009, 08:18 PM | #9 | |
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Warranty Killer
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EUROPROJEKTZ Midwest Member
08 335i Jet Black | too much to name.... |
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| 03-21-2009, 09:09 PM | #10 |
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Moderator
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That cant be right. Ouch. I'm sure many thought we would knock Saddam out and leave a few weeks later. It dosent quite work like that. Whomever takes his spot could be worse. Then there is stabilization throughout the entire region. I wonder how the history books will show this? What will my children think 3trillion(or whatever) got us all?
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| 03-21-2009, 09:15 PM | #11 | |
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Warranty Killer
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EUROPROJEKTZ Midwest Member
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| 03-22-2009, 09:05 AM | #13 | |
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Brigadier General
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You can sell Americans ANYTHING with good Marketing. Bush admin did a good job painting SH and Iraq as dark as possible in 2002 and convincing the majority of the public with PPT slides that he had the WMD that could threaten the USA... Goats bought it... |
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| 03-22-2009, 10:26 PM | #14 | |
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Captain
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