Fed to add billions of dollars to financial system. Will it help?
2007-12-12 14:56:11 · 12 answers · asked by Wickwire 5 in Society & Culture ➔ Cultures & Groups ➔ Senior Citizens
no == what they are doing is trying to buy there way out of a very bad situation == look because we have a bunch of stupid folks out there that do not know how to manage money and a group of folks who thought they knew enough to try to beat the system and got there tit caught in a ringer it is life -- all it will do is free up more money for more stupid folks to keep living over there heads --- until folks realize you do not spend money you do not have this problem will continue to exist -- yes walmark and othe companies will suffer until folks get there act together but putting more folks in more debt is not he answer!!!
2007-12-12 15:28:23 · answer #1 · answered by Anonymous · 6⤊ 0⤋
No - I trade is foreign currencies.
This will just further damage the dollar - today I had to pay $2.05 for a British Pound. A month ago, I paid $1.89!!!!!! The Euros cost even more and a year ago, you could get a great deal on Euros. Glad I bought plenty. Quite frankly Wick, the dollar is not worth the paper it is printed on! CJ
2007-12-12 15:07:24 · answer #2 · answered by CJ 6 · 6⤊ 0⤋
“If the American people ever allow private banks to control the issue of their currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the banks and restored to Congress and the people whom it belongs.”- Thomas Jefferson I would encourage anyone who has a congressperson with a seat in the House Committee on Financial Services to deliberate and vote on H.R. 2755, the Federal Reserve Board Abolition Act that was introduced by Rep. Paul on June 15, 2007.
2016-05-23 07:54:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
How can it help with it is printed on air...it will just make inflation worse, and with the Euro going through the ceiling because of our 10 Trillion dollar debt, how in the hell is printing more money going to help that....This administration has ruined our economy for years to come...and now they want to inflate the economy more???? BRILLIANT IDEA..sounds like something Bush would come up with...I think he spent too much time playing Monopoly as a youngster
2007-12-12 15:00:29 · answer #4 · answered by Anonymous · 11⤊ 0⤋
Some years ago, I saw photograph of someone with a wheelbarrow full of money, it was worth 15 cents, this was in Brazil....I don't think printing more money is a n answer, I agree with Goldwing, Mr Ed and Ndnquah
2007-12-13 01:36:06 · answer #5 · answered by slk29406 6 · 2⤊ 0⤋
Where are the billions coming from ? -- and what are they worth per dollar ?
2007-12-13 04:17:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
sure it is not backed by gold anymore. if credit cards are trillions in debts? why not free up some more money?
2007-12-12 15:23:32 · answer #7 · answered by ahsoasho2u2 7 · 5⤊ 0⤋
It will cause inflation, more money but not more production
2007-12-13 08:12:15 · answer #8 · answered by John I 2 · 0⤊ 0⤋
I agree with Mr. Ed!!!!!
2007-12-13 01:28:57 · answer #9 · answered by ndnquah 6 · 2⤊ 0⤋
NO.What they say and do are two separate things.
2007-12-12 14:59:58 · answer #10 · answered by Anonymous · 4⤊ 0⤋