Moves by the Central Bank - NOT good for you
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Moves by the Central Bank - NOT good for you
Ok folks here it is... the Central Banks have decided to shore up the Euro. This does not bode well in the long term for american consumers. No country in the world has the money needed to do this... so they will print it. This will devalue the currency of those participating.... For the US government this actually helps to some crazy extent... we print up US Dollars and give them to Euro countrys to pay bills. This will re-establish the US dollar as the world currency. But, the cost is to those who had to work to get thier dollars and the purchasing power of the dollar will drop.
AP: Worlds Central Banks Act
Here is Kitco analysis:
Kitco: Gold gets boost
AP: Worlds Central Banks Act
Here is Kitco analysis:
Kitco: Gold gets boost
pinetor- Contributing Member

- Posts: 1100
Join date: 2010-07-23
Age: 49
Location: Clinton MS
Re: Moves by the Central Bank - NOT good for you
Yeah, Inflation like you never seen, coming in the not to distance future.

righttoown- Distinguished Poster

- Posts: 1689
Join date: 2009-06-28
Location: Perkinston, MS
Re: Moves by the Central Bank - NOT good for you
This will be the 2nd part of Obamination's version of staglation, thank you Jimmuh Cartuh!!
And of course the drive by media will aid Obama in blaming everything on the Republicans,
not that they're saints but compared to Obama and the Dimwit party, anyone is a saint almost.
And of course the drive by media will aid Obama in blaming everything on the Republicans,
not that they're saints but compared to Obama and the Dimwit party, anyone is a saint almost.

45flattop- Distinguished Poster

- Posts: 548
Join date: 2010-05-14
Age: 65
Location: Jackson
Re: Moves by the Central Bank - NOT good for you
Obama, Republican, I can't tell enough difference to call. IMHO, they're all worthless as tits on a goose. This country needs a brand new plan that doesn't include anyone who's in office or running. We may see it happen in our lifetime, if they don't succeed in sailing us down the river first. Unfortunately, they appear to be trying awful hard to do just that. What I don't understand is what's in it for them. If my money is worthless, won't theirs be too? I know they've stolen an awful lot, but the last time I checked, worthless is still worthless, no matter how much you have.
Hrdnox- Distinguished Poster

- Posts: 985
Join date: 2010-04-24
Age: 59
Location: Ridgeland, MS
Re: Moves by the Central Bank - NOT good for you
our tax dollars at work. paying politicians to do crazy stuff. the federal reserve is not even a part of our government, (elected) that is. BUT, whoever holds the purse (money) controls the country.

savageshooter- Distinguished Poster

- Posts: 2096
Join date: 2009-06-03
Age: 57
Location: Hattiesburg
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