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View Diary: BREAKING: Fed Launches $40-Billion-a-Month QE3 Stimulus (129 comments)

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  •  So, holding on to their stash won't make it (7+ / 0-)

    More valuable and interest rates on bonds won't go back to historic highs.  Might as well spend. Money is worthless sitting in a vault or a Cayman bank.

    We organize governments to provide benefits and prevent abuse.

    by hannah on Thu Sep 13, 2012 at 10:38:31 AM PDT

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    •  Uh (1+ / 0-)
      Recommended by:
      marianevans

      I wouldn't say worthless. Someday you may really need to spend it on real necessities.

      I am no longer really worried about the presidential election, but I am worried about what lame duck Republicans will do after the election but before the new Congress is sworn it.

      We have very little left in the stock market, but what we have we are going to park on the sidelines for that interim period someplace where our principal is safe (as safe as it can be anywhere). Those Republican #%@% might just force the U.S. to default out of spite they are such poor losers.

      •  A country which prints its own money cannot (0+ / 0-)

        default, unless the people who manage the currency simply refuse to honor their obligations.
        Why has the Congress been threatening that? Because some of our hirelings are into power, rather than public service. Power, to be felt, has to hurt. So, to appear powerful some of our public servants are threatening deprivation (of food, health care, shelter, transport) in order to impress on the citizenry who's the boss.  
        Come November it's going to be clear that threats are no longer going to work.  Nobody wants to mention that 85 freshmen arrived in the House in 2010. That was the second largest turnover in history.  More deadwood will be removed in 2012.
        The alternative to debt is theft. Contrary to expectations, we are buying oil from Iraq, not stealing it.

        We organize governments to provide benefits and prevent abuse.

        by hannah on Thu Sep 13, 2012 at 11:43:36 AM PDT

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