seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


Visit USADebtClock.com to learn more!

Thursday, November 4, 2010

Fed printing billions will devalue the dollar possibly 20%

Fed Easing May Mean 20% Dollar Drop

The move will devalue the dollar to achieve greater competitiveness on international markets, say Brazilian officials.

A devalued dollar, in simple terms, means that our dollar is worth less! Which means…they’re stealing our money!

"When a central bank prints dollars…—that is a debasement of the dollar in terms of the supply of dollars…" 

US move in buying billions of dollars of government bonds may lead to ‘currency war’

No comments:

Post a Comment