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The Fed QE3 is a political move

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DEP
Super Contributor
The Fed QE3 is a political move: " There is much rejoicing on Wall Street right now. And this stock market bounce is great for Bernanke's good buddy Barack Obama. Obama nominated Bernanke to a second term as Fed Chairman, and this might be Bernanke's way of paying him back. But of course the Fed is supposed to be "above politics" so that would never happen, right? The Federal Reserve essentially "crossed the Rubicon" today. No longer will quantitative easing be considered an "emergency measure". Rather, it will now be considered just another "tool" that the Fed uses in the normal course of business. Considering how vulnerable the U.S. dollar already is, announcing an "open-ended" round of quantitative easing is utter foolishness." This is all going to end up in tears.
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10 REPLIES 10
DEP
Super Contributor
...the biggest danger from QE3 is that it fast forwarding the day when the U.S. dollar ceases to be the reserve currency of the world.
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DST
Super Contributor
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SimonPB
Valued Contributor
DEP, s*****ing the barrel with conspiracy theories ..
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DEP
Super Contributor
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Rams
Super Contributor
Simon, can you post that S word in Swahili....
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SimonPB
Valued Contributor
of course it is ..
but you devalue your argument by suggesting friendships and favours etc .. there are a lot of very compelling arguments against QE without pointless points that are baseless ..
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DEP
Super Contributor
Launch of QE3 month and a half before US election - coincidence or manipulation? And I'm almost certain Obama will win, unless...
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Rams
Super Contributor
And win, he must, he should , he has to, he will
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DEP
Super Contributor
Of course he will... its prophetic - the time is right for US and US $ to be slowly pushed down to make space for the next super power - China!
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Rams
Super Contributor
Will be much sooner if he looses...and according to Buffet, China is 50 Years away from becoming the next superpower, but then he says, USA, will already be 100 years ahead, so every country has a chance to play catch up, even India and South Africa are in the running...
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