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02-13-2012, 09:34 PM #1
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Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers
Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers
Posted on February 13, 2012 by WashingtonsBlog
The Fed’s EXPLICIT Goal Is to Devalue the Dollar by 33% … and NEGATIVE Yield Bonds Are Coming
The Federal Reserve’s explicit goal is to devalue the dollar by 33%.
As Forbes’ Charles Kadlec notes:
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.While that is stunning, it is actually par for the course for the Fed:
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The Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.
Here’s a chart of the trade weighted US Dollar from 1973-2009.The giant banks – through their treasury borrowing committee headed by JP Morgan and Goldman Sachs – are also demanding the issuance of negative yield bonds.
And here’s a bonus chart showing the decline in the dollar’s purchasing power from 1913 to 2005:
In other words, the too big to fail banks want Americans to pay to have the luxury of holding their money in bonds.
American savers – and especially those living on fixed incomes and pensions – are going to get creamed.
Fed's EXPLICIT Goal Is to Devalue the Dollar by 33% ... and NEGATIVE Yield Bonds Are Coming
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