Here is some more scary information about the Fed $1.25 Trillion parachute…
So I was cruising the blogs and daily financial news blasts and came across this little update to my post the other day with some additional thoughts about how quickly we are printing money and IF the Federal Reserve has a choice when it comes to stop buying MBS’s by 3/31/2010. check it out here.
Then today it was announced that the Treasury Department is printing money 24/7 just to keep up with our debt accumulation. It is estimated that by the end of 2011 we as a country will have nearly $14 Trillion dollars is debt, or almost $45,000 for every man, woman and child in the United States.
The Stock Market and the super smart investors are worried about EU Countries and their debt, what about ours? We are printing money so we don’t default, how can that be good for the value of the dollar? How can the 268 point drop in the Dow be tied to investor reaction to the 480,000 jobs lost last month. So what! What about this article about what is going on in the Hong Kong Market, we should be worried about the dollar falling faster than a rock in a lake too, shouldn’t we?
The the question becomes, if we keep printing money, how long until the World Markets figure out that we are going Bankrupt too?
In: Banking and Finance, Fresh Perspectives, Market Movers · Tagged with: Bank Regulations, Federal Deficit, Stock Market, World Markets
Chris Curtis