The Federal Reserve openly admits plans to crush the dollar

hiho

hiho

Active Member
Silver Stacker
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.

The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.


http://www.thedailycrux.com/content/9872/Inflation/eml
 
hiho said:
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.

The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.


http://www.thedailycrux.com/content/9872/Inflation/eml
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This wouldn't per chance be CURRENCY MANIPULATION? I thought this is what the Chinese were supposed to be doing (according to the USA).
 
I imagine that this will push the Australian dollar even higher. It will be fascinating to see Australians with a dollar able to buy consumer lifestyle goods so cheaply from overseas but not being able to take advantage of it because they are unemployed and don't have any disposable income.
 
Just keep in perspective that the AUD is so high, because our currency hasnt devalued as badly recently like the USD or Euro.

I know this isnt great for our exports, but it it better to have a dollar that buys $1 worth of goods, or just 50c and stimulate our exports ? (and kiss goodbye to half the value of your hard earned savings and super etc)
 
Au-mageddon said:
Just keep in perspective that the AUD is so high, because our currency hasnt devalued as badly recently like the USD or Euro.

I know this isnt great for our exports, but it it better to have a dollar that buys $1 worth of goods, or just 50c and stimulate our exports ? (and kiss goodbye to half the value of your hard earned super etc)
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What exactly are the benefits of a high AUD and can we expect some currency fiddling via QE from the RBA?
 
in one of kyle bass's americatalyst interviews he said in one of his off the record talks with capitol hill their plan to help manufacturering as to 'kill the dollar'
 
Jonesy said:
I imagine that this will push the Australian dollar even higher. It will be fascinating to see Australians with a dollar able to buy consumer lifestyle goods so cheaply from overseas but not being able to take advantage of it because they are unemployed and don't have any disposable income.
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I imagine that the upper eschelons are under a belief there is a strong reason that it is time to destroy the monetary system and that unemployment and lack of disposable income will be minor concerns
 
systematic said:
I imagine that the upper eschelons are under a belief there is a strong reason that it is time to destroy the monetary system and that unemployment and lack of disposable income will be minor concerns
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All about the redistribution of wealth with the elite few remaining untouchable and elite. Grossly high unemployment is good for the elite........... it means that after the hurt, a new puppet government can usher in a period of new prosperity based on the relatively cheap promise of "work and bread" for all. :(
 
luckylukeonline said:
All about the redistribution of wealth with the elite few remaining untouchable and elite. Grossly high unemployment is good for the elite........... it means that after the hurt, a new puppet government can usher in a period of new prosperity based on the relatively cheap promise of "work and bread" for all. :(
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sieg heil mein fhrer!!!
 
USD has a future!!
white-trash-repairs-there-i-fixed-it-hungarian-heating.jpg
 
auspm said:
luckylukeonline said:
All about the redistribution of wealth with the elite few remaining untouchable and elite. Grossly high unemployment is good for the elite........... it means that after the hurt, a new puppet government can usher in a period of new prosperity based on the relatively cheap promise of "work and bread" for all. :(
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sieg heil mein fhrer!!!
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EXACTLY! History has a habit of repeating itself. Just look at the USA. Growing unemployment. Manufacturing of enemies to keep the populations despair focused outside of the country. At the same time, an increased number of initiatives to keep the population either under control or under surveilance. These sorts of things don't happen overnight. Its a gradual process, the population being desensitised (rather than flooded) with changes. Until.............
 
thatguy said:
Au-mageddon said:
Just keep in perspective that the AUD is so high, because our currency hasnt devalued as badly recently like the USD or Euro.

I know this isnt great for our exports, but it it better to have a dollar that buys $1 worth of goods, or just 50c and stimulate our exports ? (and kiss goodbye to half the value of your hard earned super etc)
Click to expand...
What exactly are the benefits of a high AUD and can we expect some currency fiddling via QE from the RBA?
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Gold and silver are cheap :D

And not likely.

nowaydude said:
in one of kyle bass's americatalyst interviews he said in one of his off the record talks with capitol hill their plan to help manufacturering as to 'kill the dollar'
Click to expand...

As far as the hysteria associated with the news that The Fed is aiming to keep inflation at about 2% per year for the next 15 years (which is nothing new - a deliberate debasing of the value of the $), I can't see how a dead $ would be beneficial to the US. A devalued $ yes, not a killed one. I must be missing something that others are on. Can someone please list for me the economic benefits to the elite of ending the dollar and what plans they are indeed going to put in place?
 
say for example, gold was 1600$ oz US, and the old exchange rate of 60c AUD for 1$ US applied now. To buy gold in Australia would it cost $2240? If so, then Gold and Silver are actually quite cheap for us in Australia.
 
hussman said:
say for example, gold was 1600$ oz US, and the old exchange rate of 60c AUD for 1$ US applied now. To buy gold in Australia would it cost $2240? If so, then Gold and Silver are actually quite cheap for us in Australia.
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Have a look at gold in NZD
 
mmm....shiney! said:
hussman said:
say for example, gold was 1600$ oz US, and the old exchange rate of 60c AUD for 1$ US applied now. To buy gold in Australia would it cost $2240? If so, then Gold and Silver are actually quite cheap for us in Australia.
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Have a look at gold in NZD
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oohhhh I see. I'm starting to think 'now' went from a good time to buy to a better time to buy.
 
I thought monetising all the recently new printed bailout money was going to do the same thing anyways ie hyperinflation???
 
TheEnd said:
I thought monetising all the recently new printed bailout money was going to do the same thing anyways ie hyperinflation???
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No, it will create inflation, the consumer will cause hyperinflation if it does occur.
 
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