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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 
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 :
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 :
Here’s a chart of the trade weighted US Dollar from 1973-2009.
And here’s a bonus chart showing the decline in the dollar’s purchasing power from 1913 to 2005:
The giant banks – through their treasury borrowing committee headed by JP Morgan and Goldman Sachs – are also demanding the issuance of negative yield bonds .
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:
 Washington’s Blog: http://www.washingtonsblog.com/2012/02/federal-reserve-and-big-banks-are-going-to-crush-the-dollar-and-american-savers.html
 notes: http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
 par for the course for the Fed: http://www.washingtonsblog.com/2010/04/banana-republic-with-no-bananas.html
 Image: http://www.chartingstocks.net/wp-content/uploads/2009/09/US_dollar.png
 Image: http://www.blogger.com/%20http://lh4.ggpht.com/_DFE3JnAqGKE/SuDU5zCQ_sI/AAAAAAAAAso/XS1ViCua7vA/Dollar-from-1913.gif.jpg
 negative yield bonds: http://www.zerohedge.com/news/supercommittee-runs-america-urges-end-zero-bound-demands-issuance-negative-yield-bonds
 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
 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
 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
 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
 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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