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      03-21-2009, 01:28 PM   #1
sayemthree
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FED just printed $1.3 trillion , whats next?

Inflation? some economists compare this to pre war germany when they had a bad depression AND runaway inflation.
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      03-21-2009, 02:56 PM   #2
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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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      03-21-2009, 03:12 PM   #3
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Quote:
Originally Posted by sayemthree View Post
Inflation? some economists compare this to pre war germany when they had a bad depression AND runaway inflation.
Hyperinflation is seriously a possibility. There are massive consequences to all of this money printing. The Fed is a privately owned bank that acts in their interest only not in the interest of America. Damn shame we gave so much power to the banking elite.
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      03-21-2009, 03:16 PM   #4
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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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      03-21-2009, 04:31 PM   #5
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Damn shame we gave so much power to the banking elite.
Actually, we didn't. The FED was never lawfully sanctioned and neither was the income tax we all pay.
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      03-21-2009, 04:38 PM   #6
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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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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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      03-21-2009, 07:56 PM   #8
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Quick question: How much did the Iraq War cost so far?
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      03-21-2009, 08:18 PM   #9
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Quick question: How much did the Iraq War cost so far?
No idea man. I think I read somewhere that it will end up being around 3 trillion dollars.
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      03-21-2009, 09:09 PM   #10
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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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Quote:
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I wonder how the history books will show this?
That all depends on which country's history book. I'm pretty sure Historians from middle east will call President Bush the modern day Hitler.
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      03-22-2009, 09:02 AM   #12
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Oh, yeah...the Bush days stuff is going to hit us soon...then the real "recession" starts...
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      03-22-2009, 09:05 AM   #13
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Quote:
Originally Posted by BForbes View Post
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?
And that unfortunately includes our previous President...
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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Quote:
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Inflation? some economists compare this to pre war germany when they had a bad depression AND runaway inflation.
Glad you started noticing that the economy's bad, now that Obama's gotten elected..
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