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Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers

Posted By admin On February 13, 2012 @ 4:15 am In Commentary,Featured Stories,Tile | Comments Disabled

Washington’s Blog [1]
Monday, February 13, 2012

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 [2]:

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.

***

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.

While that is stunning, it is actually par for the course for the Fed [3]:

Here’s a chart of the trade weighted US Dollar from 1973-2009.

Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers US dollar [4]

And here’s a bonus chart showing the decline in the dollar’s purchasing power from 1913 to 2005:

Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers Dollar from 1913.gif [5]

 

The giant banks – through their treasury borrowing committee headed by JP Morgan and Goldman Sachs – are also demanding the issuance of negative yield bonds [6].

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.

 


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URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2012/02/federal-reserve-and-big-banks-are-going-to-crush-the-dollar-and-american-savers.html

[2] notes: http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/

[3] par for the course for the Fed: http://www.washingtonsblog.com/2010/04/banana-republic-with-no-bananas.html

[4] Image: http://www.chartingstocks.net/wp-content/uploads/2009/09/US_dollar.png

[5] Image: http://www.blogger.com/%20http://lh4.ggpht.com/_DFE3JnAqGKE/SuDU5zCQ_sI/AAAAAAAAAso/XS1ViCua7vA/Dollar-from-1913.gif.jpg

[6] negative yield bonds: http://www.zerohedge.com/news/supercommittee-runs-america-urges-end-zero-bound-demands-issuance-negative-yield-bonds

[7] The Federal Reserve’s Explicit Goal: Devalue The Dollar 33%: http://www.prisonplanet.com/the-federal-reserve%e2%80%99s-explicit-goal-devalue-the-dollar-33.html

[8] The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People: http://www.prisonplanet.com/the-federal-reserve-is-paying-banks-not-to-lend-1-8-trillion-dollars-to-the-american-people.html

[9] Everyone Knows that the Federal Reserve Banks Are PRIVATE … Except the American People: http://www.prisonplanet.com/everyone-knows-that-the-federal-reserve-banks-are-private-except-the-american-people.html

[10] The Federal Reserve Is Bailing Out FOREIGN Banks … More than the American People or Economy: http://www.prisonplanet.com/the-federal-reserve-is-bailing-out-foreign-banks-more-than-the-american-people-or-economy-2.html

[11] Obama Says Federal Reserve’s Easing Wasn’t Aimed at Affecting Dollar Value: http://www.prisonplanet.com/obama-says-federal-reserves-easing-wasnt-aimed-at-affecting-dollar-value.html

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