Operation Screw: The Fed goes all-in on QE
Hello everybody,
this is my first blog post here and I would like to share with all of you this video with Peter Schiff. The video is 20 days old but it will be actual for much longer time. What about is he talking is sure from the title and from the video. So what are we retail trader going to do?
Immediately after QE3 release I wanted to exchange my US$ which are on my broker's bank account to any other currency (besides €). But after articles like these: link1,link2 etc. I thought that the dollar is really not in so bad position and I let my exchange be. But after seeing talking Peter S. I realised that Bernanke has me drunk with his speech about growing US economy including employment growth (I hope this sentence sounds as same as in my language).
What do you think about this situation? Is it time to exchange your money from dollars or even (at worst) take your money back from the broker?
I think not. But I will keep my eyes open.
There are only two options for USD in my opinion. Economic collapse or WAR. And I know that the politics will choose WAR to keep their seat there.
VIDEO:
I hope that everyone of you understand my bad english and this blog post is not one of the worst ever posted here.
Yours sincerely,
Danda
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Comment by Francesc Riverola on October 3, 2012 at 4:30pm -
Hi Danda... Be very welcome to our community
I hope we will make you feel like you were at home
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Comment by ROBERT JOSEPH PAULO on October 3, 2012 at 8:05pm -
'operation screw'...just wow
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Comment by Romano on October 3, 2012 at 10:29pm -
If you want to change money because you are afraid $ would collapse, other currencies wont help you as banking system today is so much interconnected. In fact, if you believe only euro will collapse, its possible it take $ with it. If you have some spare money and you want 100% bulletproof for them to survive, there will never be anything better than gold and silver in your hands. You just have to accept that their value may fluctate compare to purchased spot price - but in either direction. But their preserve status still make them invaluable.
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Comment by Peter jcp on October 4, 2012 at 11:45am -
Actually saw some of the US Political debate last night and looks like the European Media have been impressed by Romney and though Obama was a little lackluster All our major key politicians Lisa come from Public Schools in the UK along with Oxford / Cambridge Uni's. I appreciate your meaning of public schools is different -we know them as state schools here - whereas public schools are fee paying etc
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Comment by Ricardo Kempff on October 7, 2012 at 1:08am -
That movie it is going to end entitled like "Inside Job 2, Bernanke is back" and I think in that movie Matt Damon is going to punch someone because in the first one he didn't and he always punch someone.
My theory is Bernanke or someone in the FED are doing inside trading or are owning some of these toxic products and want their money back, so they are inflating prices so they can take out those products out of their books and charge it to the US economy. And I think they know it is ****** up but they have the power to get out clean because somehow it is legal and regulation is kinda lazy. Sorry guys but the entire US system is made to take out your money. Dam I sound like a comunist, but i am not, capitalist forever, keynessian type though.
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