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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 09:48 AM
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Dollar in freefall...
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Edited on Wed Dec-17-08 10:09 AM by Texas Explorer
http://quotes.ino.com/chart/history.gif?s=NYBOT_DX&t=l&...

Yes, it has been worse but the Fed rate cut yesterday is the last straw. Quantitative easing has already been employed a couple of times and the lag time has expired. Yesterday's Fed move means that the Fed is literally printing money which erodes Dollar value and this freefall will reach terminal velocity resulting in total collapse of economy.

I hope you are prepared.

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