PSST. Come Here And See This Dollar.
Shhh. Keep your head down.
Let me show you something. (Glances, first left, then right).
Here, come see. Take a look at this:
That’s the dollar you are insisting is so high that “Bernanke MUST act”.
I know. Doesn’t look that high to me either.
I know; but Ben is just clamming around until he can break skulls and fling free money everywhere, like he’s skiing with hookers in Bernie Madoff’s penthouse.
I know. I know…
But, let me fling some ice water down your back for a minute here.
What if, when Ben says “Monetary policy isn’t a Panacea,”…he means it?
4 Responses to PSST. Come Here And See This Dollar.
Just a thought, with all this money printing it may be a better measure to look at net value of all dollars in existence vs other currencies, rather than just a single dollar. I mean lets face it, there are a few trillie extra dollars between each peak there.
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I really need to stop by here more often.
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thats why it’s congress’ job to make the country right,ben did his job. saw that chart earlier today.looks like it wants to make a triple top.”IF” there is qe,it will top.but where does it go from there, is the big Q,sideways,down.and will it happen by elections or not.there would have to be a monsterous catalyst for america and the dollar for that third top to become a handle off this.
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Every time I see a chart of the dollar index I say to myself “what money printing?”
Trillions upon trillions and we still didn’t take out the 2007 lows. Simply amazing.
On some level a lot of people have been fooled as to what was actually done. It may be overly simplistic, but I’m slowly starting to buy into what pragcap has been preaching for so long on this issue. Fed takes newly minted cash and buys treasuries. Essentially swapping one asset for another. Banks take that cash and buy treasuries or some other asset. Nothing happens unless they can lend it out.
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