Boards - It sad you look but you can not see. The current administration is foolishly printing money to prop

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Anonymous

03 Apr 2012 12:39PM

It sad you look but you can not see. The current administration is foolishly printing money to prop up the economy in a move called Quantitative easing which is something that central banks will do for a quick short term stimulation of an economy. But this has never been done this at this level nor has it ever been done for such a great period of time. Usually the entire economy will collapse or the government will crumble under the weight of its own debt. This is especially troubling because the dollar is used as a reserve currency by numerous countries around the world helping to prop up our economy but the Quantitative easing has made them uneasy about holding so much US currency. Many countries are actively looking at the Euro or the Renminbi as potential replacements to the dollar and are ready to dump their holdings of the dollar. Once the dollar is replace as the world�s reserve currency you can expect the dollar to be worth less then the paper it�s printed on. Personally I think it�s a good idea to try to stop this from happening and will support anyone that will try to keep this from happening. But I don�t like paying some insane amount like 600.00 or more for a six pack of beer.

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