Wednesday, March 18, 2009

Fed continues to devalue Dollar

I wrote in my blog last week that the Federal Reserve had probably put $2 Trillion into the Economy, well here is the first article I've read, other than mere speculation, that states exactly that. This is from the International Herald Tribune, and unfortunately the Federal Reserve doesn't plan to stop at $2 Trillion, because it's also announced in the beginning of the article that the Federal Reserve will dump another Trillion dollars into the Economy by purchasing mortgage backed securities. So the destruction of our currency continues, with $3 Trillion in Federal Reserve created inflation, $2,467 Billion in deficit expenditure by Obama and 750 Billion TARP dollars by Bush. So what happens when $6.2 TRILLION is put into a $13.5 Trillion Economy? This is an artificial increase of 46%. Chaos is my speculation, because the Lower and Middle Classes will be able to afford NOTHING when these inflationary expenditures enter our economy.

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