I don't know why this isn't a big news story.
Should we be buying gold & silver to pay for groceries in the future ?
Quote:
The central bank will buy $600 billion in long-term Treasuries over the next eight months, the Fed said Wednesday. The Fed also announced it will reinvest an additional $250 billion to $300 billion in Treasuries with the proceeds of its earlier investments.
The bond purchases aimed at stimulating the economy -- a policy known as quantitative easing -- will total up to $900 billion and be completed by the end of the third quarter of 2011
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http://finance.yahoo.com/news/Quanti...89799.html?x=0
China is getting nervous
Quote:
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China and other nations are not impressed, seeing as how the previous $1.7 Trillion spent on quantitative easing has failed. Xia Bin of the Central Bank of China cautions Ben Bernanke. On today’s Glenn Beck Show on Fox News, Glenn details how the U.S. economy would crash within 15 days should China declare it will stop buying U.S. bonds.
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http://www.rightpundits.com/?p=7620