Forty-eight of 49 economists say the Federal Reserve could do the unthinkable tomorrow

Your gold should be worth more, yes, dollar wise. But if the dollar is worthless...

Fixed it for you.

Paid $3.49 for a loaf of multi-grain yesterday... not that far to go. Can't find beef that's even worth a shit anymore. A while back I paid $9.99 a pound for some ribeyes that tasted like cardboard. Halfway decent steaks, when you can find them, $15-$20 per pound and they are usda select or choice. Soon beef will be a delicacy... all part of the plan for us serfs.

Anybody got any good recipes?

I'm not an economist but, I did stay at a Holiday Inn Express last night and I think this wont be good for America.

Actually I can make a killer Spam casserole. :D

$5 Ramen Noodles in about 12 to 18 mos if we make it that long.

Last Edited by SaveUSa on 12/11/2012 10:03 PM

OK everyone, it's time for the frugal gourmet!


[link to www.myrecipes.com]

[link to allrecipes.com]

[link to www.foodnetwork.com]

no. this is a lie.

taxes are "real", just like the lines on the map are "real"

a human fabrication, if you will, not of true reality...

death on the other hand. real.

Hehe I love your sarcasm.

So then the Fed will own all these defaulted homes?

...great.

12 / 12 / 2012
3 / 3 / 5 = 11

11.... major Karma

Letter from a well known NYC bank informed me concerning my outstanding mortgage, that they 'Expect a substantial increase in time as "my rate was variable." Fare warning, OR, telegraphing a quick increase upwards from near zero ? IMHO, the latter is true, now that O is back on the sink America Throne !

so, inflation is what OP is suggesting?

regardless of which way, I'm glad I'm hedged against inflation

just remember to not allow the fed charter back in on dec. 21st 2012...

make sure your government does not vote them back in...


lol


imagine abundance for all:)

and


world peace:)

Best to just ignore all of that.

Neither you nor anyone you know is going to do anything that will change the Fed or its policies.

Every time a major banker scratches his rump, the fringe acts like we will be using dollars for wallpaper the next week. Hasn't happened yet, and probably won't happen later.

The people in charge intend to stay in charge, and while your life might get more expensive, it won't get so bad that you will have an excuse to break from routine.

You'll be pushed lower and lower, but never so far that you have a reasonable cause to cease participating. You'll go to work as normal, pay exorbitant bills as normal, and get progressively less for your money.

You'll just have to accept that as normal. It will always be normal, and DOOM will not save you. That is the biggest conspiracy theory secret yet: it won't hit the fan because there is no fan, just piles of what ought to be hitting it.

I hear you.

Fed is already buying over 80% of 10 and 30 year US Treasuries. They will just be announcing more buying of the same next year to cover another $trillion+ in US deficit spending.

Very succinct analysis.

yes. they already do a bunch of them. they also bought a bunch of homes that people are paying on. they are also buying homes that have not even been built yet via treasury assets that will go to fannie freddie, and treasury assets that will build McMansions for crony dejour (think solyndra, or from the last administration, any MIC boondoggle firm)

The fed is the dealer (monetary policy) the politicians are the junkies (fiscal policy) The tax payers are the people who get screwed the most. but inflation hurts even people who dont pay taxes. Corporations are not people in this sense, as they dont pay taxes and are largely immune to suffering via inflation.

QE4EVER!

Yes it's way way way past time for Jubilee. But the Fed is powerless to implement that even if it wanted to.

Failing that you have to reduce the value of the debts via inflation.

And that is what the Fed, and European Central Bank, and the Bank of Japan, and probably a bunch of other central banks, are doing.

If they didn't do this, things would probably be worse, assuming we are trying to continue the current financial system.

What I think the Fed should REALLY do is to stop paying interest on the money that Fed member banks )and probably other account holders) deposit with the Fed. That would cause all this "printed" money out into circulation!

are you staying up to 12 AM 12/12/12?

Do people actually eat that stuff.

That is what is preventing hyperinflation, because all that printed money is being kept on deposit with the Fed. If the Fed quit paying interest on that, the banks would have to pump it into the economy instead. This would unleash hyperinflation.

5*

What is this QE5 now? or QE6? The real effect on inflation is like max 9% a year according to my calculation. Not that bad considering normal inflation is about 2% anyways. Just tryna be positive..

Charter renewal has to be a done deal. Issue seems to be off the back burns. Not even in the kitchen.

and please understand the FED is not a us of a organization but a global one, chaired by the queen. and the us of a debt is well over 3+ quadrillion. I imagine what the world debt is.