Caesar Posted March 21, 2009 #1 Share Posted March 21, 2009 "TONY EASTLEY: The US Federal Reserve has unveiled its latest attempt to rescue the sinking American economy and stimulate it. The Fed has decided to effectively print money announcing plans to buy $US300-billion in government bonds and in an effort to kick-start frozen credit markets, an additional $750-billion will be used to take mortgage-backed securities off the balance sheets of struggling banks." Source of quoted content Does anyone think printing more money (a trillion dollars) will help this housing mess? I see a few problems with this * The risk of inflation causing imports and other goods such as oil to rise. * I don't see any of this having a large impact on uneployment or retail sales. infact, I still see these things getting worst and this could cause more defaults or people who are on unemployment unable to find jobs. Link to comment Share on other sites More sharing options...
Admiral Danger Posted March 21, 2009 #2 Share Posted March 21, 2009 (edited) wouldnt this mean that the value of the dollar will decrease and make things even more of a mess, in theory ? Edited March 21, 2009 by dr alien Link to comment Share on other sites More sharing options...
The Silver Thong Posted March 21, 2009 #3 Share Posted March 21, 2009 (edited) Hey Caesar havn't seen around for a bit. Anyway I do agree with ya to a certin level. http://www.youtube.com/watch?v=cCYN1pq-wXE Why is this guy not in power ???? Edited March 21, 2009 by The Silver Thong Link to comment Share on other sites More sharing options...
questionmark Posted March 21, 2009 #4 Share Posted March 21, 2009 from Questionmarks dictionary: I d i o t, noun, a person who keeps on doing the same expecting different results. Link to comment Share on other sites More sharing options...
The Silver Thong Posted March 21, 2009 #5 Share Posted March 21, 2009 (edited) from Questionmarks dictionary: I d i o t, noun, a person who keeps on doing the same expecting different results. You, Me, them, we are all surrounded. The invasion is underway my friend and ya I'm scared a little. The Idiots have united what to do ? edit: had to add a question mark Edited March 21, 2009 by The Silver Thong Link to comment Share on other sites More sharing options...
Caesar Posted March 21, 2009 Author #6 Share Posted March 21, 2009 wouldnt this mean that the value of the dollar will decrease and make things even more of a mess, in theory ? Yes. usually when you have more money in the economy, its value is less. this can cause inflation. when you have inflation imported goods cost more such as oil, coffee, wheat to name a few. we have so many things that come from oil. such as gas and plastics. you are already starting to see signs of inflation. oil and gold went up alot last week. The Silver Thong, nice to see ya. glad you doing ok! Link to comment Share on other sites More sharing options...
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