The idiot Bernanke might be able to keep the federal reserve rate at zero, or he might not. It will take lots of printing to do so or even attempt it. Either way, the banks wont be able to match it.
If the try then your dollar has effectively been shorted because the EU rates can not be at zero, and currency swaps mean we make up the difference.
This equates to a two pronged attack on the dollar.
Once Mr. Inflation gets the memo, well watch out below.
I said last year was the year the dollar was to die. Lots of you think that prediction was wrong. Little do you know how correct it is in both effect and timing. I think a 10~15% increase in demand for oil alone and gasoline would shoot up 24~40% depending on area. This would create a systemic price increase across the board(redundancy). These increases would effect employment in a very negative manner. Food would take a two pronged attack as processing, growing, delivery would increase dramatically but then you must add feed costs to the mix as corn would shoot out of control. Gotta hate ethanol.
Anyway I guess the plan is to roll $7 trillion in debt over this year. Yup 7 trillion and change and that does not include interest.
This is unmanageable. Having a one way "economy" does not work. You do not put debt into the economy, and all we have been doing is sucking debt out, we don't even suck dollars, or euros or anything out but debt.
The Massive Debt Bomb: $7,600,000,000,000 Dollars Of Debt Must Be Rolled Over In 2012



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