Wednesday, November 3, 2010


"The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy.

After two days of discussions, Fed officials decided to go ahead with a much anticipated program, saying they will buy $600 billion of U.S. government debt over the next eight months."
Wall Street Journal

And when the room runs out on that credit card we'll just get another. Because that's what's happening now. We're borrowing (printing) money to pay off debt. How well would that work in your house?

Buy all the food and other commodities you'll need now because between the increase in speculation driving up the price and the value of the dollar decreasing, it's going to get real expensive just to buy the basics.

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