No Taper! Quantitative Easing Continues!

[BigMatt]

The path to easy money continues!

Fed: No taper

BTW, gold and silver are each up 3-4% in 2 hours...

http://www.kitco.com/

 

[nascarfantoo]

BTW, gold and silver are each up 3-4% in 2 hours...

My teeth are more valuable than when I woke up. WOW, usually only thing that goes up is my weight.

 

[LEaSH]

PM's will go further up from here on out. BUY.

 

[pudly]

It was always highly doubtful that they would taper (slow down the debasing of our currency). The big banks and the stock market are too dependent on continuous cash injections now. The dollar is already down significantly vs other currencies in the foreign exchange market as well.

Unfortunately, the idea that either the federal government or the Fed will move us towards responsible financial stewardship is a laughable premise.

 

[Jludo]

That's completely sustainable...

 

[zippy23]

My question is....if you are invested in gold and silver, and the value of the dollar keeps declining, well the value of your investment increases in number while those dollars that you would get for selling that investment are worth less, so really, what does it matter? I think owning silver and gold coins, actually physically having them is great, but just investing in a 401k in those companies seems pointless. i dunno, its all just a mess

 

[dlbrown75]

Whats worse is this 85 billion being printed a month goes straight to the bank accounts of the elite.

 

[lucky4034]

My highly excited by all of this! Thumbsup folks... I mean, I'm buying all this **** for when it hits the fan, so I don't want to be wasting all of this time for nothing

 

[BigMatt]

My highly excited by all of this! Thumbsup folks... I mean, I'm buying all this **** for when it hits the fan, so I don't want to be wasting all of this time for nothing

English much?

 

[BigMatt]

My question is....if you are invested in gold and silver, and the value of the dollar keeps declining, well the value of your investment increases in number while those dollars that you would get for selling that investment are worth less, so really, what does it matter? I think owning silver and gold coins, actually physically having them is great, but just investing in a 401k in those companies seems pointless. i dunno, its all just a mess

If you don't hold it, you don't own it.

 

[ArmedProgrammer]

English much?

Indeed - with all your buying - please consider buying a vowel from Vanna... or at least some proper grammar. I'm pretty sure that I may agree with you, Lucky. Just confused by what you said.

 

[AtTheMurph]

My question is....if you are invested in gold and silver, and the value of the dollar keeps declining, well the value of your investment increases in number while those dollars that you would get for selling that investment are worth less, so really, what does it matter? I think owning silver and gold coins, actually physically having them is great, but just investing in a 401k in those companies seems pointless. i dunno, its all just a mess

Currency, the dollars you refer to are not and will not be be eternal. What the Fed is doing, and basically just said is that they are trapped. They have to print money or else all hell will break loose. Yet the very printing they are doing will cause all hell to break loose as our currency is debased into oblivion.

Where your question seems to lead me is that you cannot envision a world where dollars are no longer currency yet that day is certain to arrive. It is 100% guaranteed to happen. There will be no dollars sometime in the future.

So my question to you would be this. When the dollar disappears where would you like the value of all the excess work you have performed over the years (the value of your savings) stored? Would you like to hold that value in worthless paper chits that cannot be traded for anything? Or would you like to hold some of that value in a barbarous relic that has retained it's value over thousands of years of human history?

The Fed will print, print and print more and more and more to try to get the economy growing fast enough so that they can stop printing. Butt he economy is so awash in debt that it cannot grow. All of our future growth has been borrowed - that was the point of the borrowing! It robber future prosperity for present consumption. Now we cannot grow the economy but only pay off debt, or in the end default on that debt either by printing money or not paying. We will pay, like all countries that can print do.

This is exactly the train Rudolf von Havenstein found himself on as President of the Reichsbank during the German hyperinflation. According to Liaquat Ahamed's work on von Havenstein's dilemma, in his majestic book 'Lords of Finance’ - "were he to refuse to print the money necessary to finance the deficit, he risked causing a sharp rise in interest rates as the government scrambled to borrow from every source. The mass unemployment that would ensue, he believed, would bring on a domestic economic and political crisis, which in Germany's [then] fragile state might precipitate a real political convulsion."

History repeats....................

 

[pudly]

[video=youtube_share;Tak9ODlBJgM]http://youtu.be/Tak9ODlBJgM[/video]

The Taper That Wasn't | Euro Pacific Capital