Anyone worrying about our dollar losing a lot of value in the near future?

[SonsofLiberty]

The Fed is up to it again, saying that they are willing to buy more securities (mortgages and treasuries).

It is apparent that they are planning on a continued inflationary monetary policy that will have devastating effects on the value of our currency.

Am I wrong or do you agree?

[2Parties1GlobalistGoal]

Not worried. I'll take it in stride...

[SonsofLiberty]

Considering the dollar is backed by mortgage debt I would say a resounding yes.

lol...to think our dollar was once backed by assets (gold & silver), now it is backed by debt. How could someone NOT be concerned?

[Miss America]

Yes...it is not going to be pretty...

[SonsofLiberty]

Yes...it is not going to be pretty...

It's as if we are taking economic advise from Mugabe

[darknessesedge]

the USA will just switch from dollars to something more stable....like rubles...hahaha

[ChaosControl]

the dollar'll be worth less the paper it is printed on.
It already happened to most our coin currency to where they have to change the metal makeup.

[ISYairio]

Yes, I'm worried. I won't say things will get so-and-so bad... but I think the risk has increased dramatically and there will be some price.

[CaptainCrunch]

Considering China is full steam ahead with oil exploration and buying up precious metal mines and developing their military and infrastructure while we worry about spending billions in R&D on green cars and funny looking light bulbs, I'd say a big resounding yes.

It's like Glen Beck said - California is laying off police, firemen, & teachers because they don't have the money but they do have money for Otter protection and snail & slug research.

[SonsofLiberty]

Considering China is full steam ahead with oil exploration and buying up precious metal mines and developing their military and infrastructure while we worry about spending billions in R&D on green cars and funny looking light bulbs, I'd say a big resounding yes.

It's like Glen Beck said - California is laying off police, firemen, & teachers because they don't have the money but they do have money for Otter protection and snail & slug research.

great post. you hit the nail on the head, our priorities are screwed up

[Broseph]

Yeah. Not so much a matter of if, just a matter of when. No way in the world will the US government ever be able to pay back their debt since they refuse to cut any major programs.

Just look at any business enterprise. You can only take out so much credit until your creditors want paid. And when they do, if you can't pay, the government will force you to liquidate assets until you can pay them off.

Ironically, the government that enforces those laws is the very same government that is going to have its own assets liquidated pretty soon (in the form of government welfare and warfare programs) when other countries want their debt paid and no longer continue to buy American debt.

[Safiel]

Today's Dollar is worth 5% of its 1913 value.

Congratulations, Federal Reserve.

[agent_86]

No-one in the administration is worried. What's the worst that can happen?

[Trip]

Former Comptroller General of the United States and head of the GAO, General David Walker, said:


"I would argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility,"

"There's a cancer, a fiscal cancer that could have catastrophic consequenses for our country. The immiminent retirement of 78 million baby-boomers, which is now upon us, they're going to place unimaginable strain on the 3 major entitlement programs: Social Security, Medicare and Medicaid."


"If lawmakers do nothing, Uncle Sam eventually will be able to do little more than pay interest on the mounting debt in some entitlement benefits. There will be no money, zero, zilch, nada, left for anything else, including national defense and homeland security."

[ThrowCop]

I wonder what the D&B of the US would be right now if we ran a credit check?


If they were my customer, I would demand collateral or make it a pre-pay account...

[PredFan]

I am.

I'm thinking about emptying my IRA and paying off my house with it. I'd still have enough money to do some improvements.

I don't expect what I have in my IRA to be worth much by the time I retire. I doubt that it will gain enough to hedge inflation. I'd rather try to retire with no mortgage payments and have to work part-time as a greeter at Walmart to buy food.

[notluzn]

Thank you Mr President and Fat Frank

[agent_86]

I am.

I'm thinking about emptying my IRA and paying off my house with it. I'd still have enough money to do some improvements.

I don't expect what I have in my IRA to be worth much by the time I retire. I doubt that it will gain enough to hedge inflation. I'd rather try to retire with no mortgage payments and have to work part-time as a greeter at Walmart to buy food.

Sounds as good a plan as any, in the new Obama Era.

[TexasGreatGranny]

The Fed is up to it again, saying that they are willing to buy more securities (mortgages and treasuries).

It is apparent that they are planning on a continued inflationary monetary policy that will have devastating effects on the value of our currency.

Am I wrong or do you agree?

Heard it lost a lot today as a matter of fact and they said gas will go up because of it...We are screwed at least for the next 2 years.

[TexasGreatGranny]

Considering China is full steam ahead with oil exploration and buying up precious metal mines and developing their military and infrastructure while we worry about spending billions in R&D on green cars and funny looking light bulbs, I'd say a big resounding yes.

It's like Glen Beck said - California is laying off police, firemen, & teachers because they don't have the money but they do have money for Otter protection and snail & slug research.

They also shut down water to produce farmers to save a fish...They deserve what they get.