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Thread: Destruction of the US dollar

  1. #91
    By the way Gold was $1080 an ounce in Oct 2009 (when @devil21 started this thread) so those who got out have done pretty well. I wonder what the next 11 years will bring.



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  3. #92
    Neel Kaskari’s 60 Minutes Interview

    "We're the lender of last resort. " … When asked if the Fed will just "literally print money," Kashkari admits: "That's literally what congress has told us to do. That's the authority they have given us, to print money and provide liquidity … We create it electronically and we can also print it, with the Treasury Department, so you can get money out of your ATMs." …

    the host asks: "Can you characterize everything the Fed has done this past week as essentially flooding the system with money?" ... Kashkari responds simply: "YES."

    The host asks "And there's no end to your ability to do that?" "There's no end to our ability to do that." ... "We're far from out of ammunition...your ATM is safe, your banks are safe. There's an infinite amount of cash at the Federal Reserve."

    Last edited by AZJoe; 03-27-2020 at 06:02 AM.
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  4. #93
    Quote Originally Posted by AZJoe View Post
    Neel Kaskariís 60 Minutes Interview

    "We're the lender of last resort. " Ö When asked if the Fed will just "literally print money," Kashkari admits: "That's literally what congress has told us to do. That's the authority they have given us, to print money and provide liquidity Ö We create it electronically and we can also print it, with the Treasury Department, so you can get money out of your ATMs." Ö
    This is new. The Fed never advertised on national television that their product has zero intrinsic value before.
    Last edited by acptulsa; 03-27-2020 at 07:57 AM.

  5. #94
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

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