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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 09:48 AM
Original message
Dollar in freefall...
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Edited on Wed Dec-17-08 10:09 AM by Texas Explorer

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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  -Dollar in freefall... Texas Explorer  Dec-17-08 09:48 AM   #0 
  - Freefall is the best description...  Dennis Donovan   Dec-17-08 09:50 AM   #1 
  - Just great. Plus... OPEC is cutting 2 million Barrels....  lib2DaBone   Dec-17-08 09:50 AM   #2 
  - And the Fed has cut its rate to 0%...  kentuck   Dec-17-08 09:53 AM   #3 
  - When I heard that on the news I got a bad feeling in my stomach  uppityperson   Dec-17-08 10:00 AM   #6 
  - 0% is better than investing with Madoff and losing the principal.  Boojatta   Dec-17-08 10:01 AM   #7 
  - dollar  enid602   Dec-17-08 09:54 AM   #4 
  - Fluctuations in the prices at which currencies are being exchanged...  Boojatta   Dec-17-08 10:07 AM   #11 
  - Self-delete. Message was a reply to part of OP that has been edited out.  Boojatta   Dec-17-08 09:59 AM   #5 
  - Uh...  Texas Explorer   Dec-17-08 10:02 AM   #8 
  - the more money we print  Mari333   Dec-17-08 10:03 AM   #9 
  - Yep, so if you owe money it's easy to repay it. Inflation is good for those who already carry debt.  John Q. Citizen   Dec-17-08 10:13 AM   #14 
  - Saying the money has no value is a little misleading.  zlt234   Dec-17-08 10:04 AM   #10 
  - You're right. Corrected my OP. n/t  Texas Explorer   Dec-17-08 10:10 AM   #12 
  - Can we pay for the 67% of our petroleum we import at the old exchange rate?  loindelrio   Dec-17-08 10:12 AM   #13 

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