How to Protect Yourself From the Shrinking Value of The Dollar
SHOCKER: Fed set to print $1.45 TRILLION!
The following letter is from a respected financial analyst and I am reprinting an analysis and invitation to attend a teleconfernce at no cost that will provide a strategy to protect our hard earned dollars from losing their value. Unfortunately, that’s exactly what’s been happening and looks like its going to continue. Please join me in listening in on this important call on October 6.
It’s starting to look like the Fed’s going to need a skyscraper-full of new printing presses …
In a statement released yesterday, the Federal Reserve said,
“To provide support to mortgage lending and housing markets, and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt.”
That’s a total of $1.45 trillion! Where’s the Fed going to get the money? Simple: They’ll have to PRINT it — create it out of thin air!
Harold
ACGR's "News with Attitude" 