Quantitative easing 2

[Pinner]

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 ?

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

http://finance.yahoo.com/news/Quanti...89799.html?x=0

China is getting nervous

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.

http://www.rightpundits.com/?p=7620

[Shazam]

Dude, if fiat currency collapses, you'll need to grow your own food.

[Pinner]

If the currency crashed wouldn't there be a precious metals economy of sorts ?

[Shazam]

No.

[Red Ice Player]

Originally Posted by Pinner

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 ?

Economics goes right past most people. They are more interested in sports or celebrity "news". We are currently in a full blown bull market in precious metals. QE2 will only add to this. Gold is up over sixty bucks the last two days, pushing $1400. It would definitely be useful to pay attention and get involved.

[Phaneuf3]

Originally Posted by Shazam

Dude, if fiat currency collapses, you'll need to grow your own food.

If the doomsayers turn out to be right and everything completely collapses in a massive catastrophe like Beck predicts, your gold won't do you any good. If you're really worried about that scenario, you'd probably be better having a balanced investment portfolio of guns, ammo and canned goods.

Or you can just ride it out like the sane people are doing.

[Shazam]

Originally Posted by Phaneuf3

If the doomsayers turn out to be right and everything completely collapses in a massive catastrophe like Beck predicts, your gold won't do you any good. If you're really worried about that scenario, you'd probably be better having a balanced investment portfolio of guns, ammo and canned goods.

Pretty much, yeah.

[Pinner]

Isn't MasterCard taking a big risk in this economy with their 0% for a year promotions ?
Many of us have a ridiculously high credit limit, and with the current devaluation of the dollar it seems to me, a big risk. No ?

[moncton golden flames]

[macker]

Big week in general with the Elections, Employment numbers and the Fed and their money printing machine.....at the end of the week you want to be in equities with a strong tilt towards hard assets. Don't wait for QE3 as by then it may be too late...

[Phaneuf3]

Please keep your arms and legs inside the ride at all times...

[mikey_the_redneck]

A Goldman Sachs crook chimes in:

http://www.zerohedge.com/article/gol...hike-until-201

“We believe that the program will grow significantly beyond the initial $600 billion” remarks Goldman’s Jan Hatzius.

“In practice, QE2 is likely to continue well beyond June 2011–at least well into 2012–if our forecasts for unemployment and inflation are close to the mark. We believe that purchases could ultimately cumulate to around $2 trillion…” she continues.

Yikes.....

[Shazam]

QE2: This time it's personal!

[Phaneuf3]

QE2: Electric Boogaloo

[North East Goon]

I am going to move to Sweden as soon as the U.S. bankrupts itself. That's my financial plan.

[macker]

Originally Posted by fotze

Why can't I understand what that means?

Not sure? Put another way....make sure you have things in your portfolio that if you drop them on your foot they would hurt you.....hard assets...

[Shazam]

You know, things like Vivid and Seymore Butts.

[macker]

[QUOTE=fotze;2765199]Why can't I understand what that means?

I should own stocks and a house? or stocks and gold? This week?[/QUOTE]


S&P 500 up 3% for this week which makes it 5 positive weeks running. Energy and material stocks up 5% in comparison and tresuries are starting to sell off as the US dollar goes south. Weak dollar and commodities/matterials or whatever you want to call them are going up....The Bernanke Put has been the popular trade of the week...

[Flashpoint]

Originally Posted by Pinner

I don't know why this isn't a big news story.

On today’s Glenn Beck Show on Fox News

That's why.