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Old 08-06-2011, 09:29 AM  
HonestChieffan HonestChieffan is offline
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Bernanke to the rescue!!!

QE3!!!!!

Imagine...if anyone had listened S and P told them what had to be done to avoid this. But nooooooooooooooooooooo.


http://www.bloomberg.com/news/2011-0...i-says-1-.html


(Bloomberg) — The U.S. Federal Reserve will extend its program to purchase the nation’s debts and stabilize long- term interest rates after Standard & Poor’s downgraded its credit rating, according to an adviser to China’s central bank.

The Fed will roll out quantitative easing 3, a tactic to purchase treasuries, Li Daokui, an adviser to the People’s Bank of China, wrote in his microblog weibo.com. Institutional investors will be forced to sell long-term U.S. debt, which may cause financial turbulence, he wrote.

S&P lowered the U.S. rating one level to AA+ from AAA for the first time yesterday while keeping the outlook at “negative,” citing the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits. The rating may be cut to AA within two years if spending reductions are lower than agreed to, said the New York-based rating firm.

The U.S. must address its “structural debt problems” and ensure the safety of China’s dollar assets, the state-run Xinhua News Agency said in a commentary today. China is the biggest holder of U.S. debts.
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Old 08-06-2011, 09:31 AM   #2
Stewie Stewie is offline
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Old 08-06-2011, 09:43 AM   #3
HonestChieffan HonestChieffan is offline
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Worked so well before....
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Old 08-06-2011, 10:38 AM   #4
Stewie Stewie is offline
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Someone has to buy Federal Gov't debt. The Fed is the buyer of last resort and here they are... again.
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Old 08-06-2011, 10:56 AM   #5
Hydrae Hydrae is offline
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So now China is dictating the actions of the Fed? I think I will wait to hear something about this from the Fed before reacting.
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Old 08-06-2011, 11:06 AM   #6
BigChiefFan BigChiefFan is online now
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Old 08-06-2011, 11:46 AM   #7
petegz28 petegz28 is offline
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This son of a bitch needs to be ****ing fired! QE III is nothinf more than a waste of time and money. Or should I say, newly printed money???

Now the $ is going to really take a ****ing nose dive.
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Old 08-06-2011, 01:09 PM   #8
BigChiefFan BigChiefFan is online now
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Quote:
Originally Posted by petegz28 View Post
This son of a bitch needs to be ****ing fired! QE III is nothinf more than a waste of time and money. Or should I say, newly printed money???

Now the $ is going to really take a ****ing nose dive.
It's nearing the 11th hour and America just sits on its ass doing nothing. I'm sick of the lazy ****ing cowards in our country, who have just rolled over and accepted this.
THIS MONEY GOES TO WEALTHY CORPORATIONS and the higher ups. They don't give a shit about the little guy and they are blatantly rubbing it our faces, when WE PAID, while they got tax breaks. This is sickening. Enough of their theft of our wealth.
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Old 08-06-2011, 01:12 PM   #9
Stewie Stewie is offline
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Quote:
Originally Posted by BigChiefFan View Post
It's nearing the 11th hour and America just sits on its ass doing nothing. I'm sick of the lazy ****ing cowards in our country, who have just rolled over and accepted this.
THIS MONEY GOES TO ---BANKS--- . They don't give a shit about the little guy and they are blatantly rubbing it our faces, when WE PAID, while they got tax breaks. This is sickening. Enough of their theft of our wealth.
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