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What’s your opinion of “Quantitative Easing” (legal counterfeiting)?
December 30th, 2010 | 
Author: Question by : What’s your opinion of “Quantitative Easing” (legal counterfeiting)?
Best answer:
Answer by Thorcorn™
It sounds better than saying “devaluing the dollar” or “monetizing the debt.” Libs always try to use nice sounding phrases for the horrid plans they come up with.
Know better? Leave your own answer in the comments!
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Bad.
All it is doing is creating inflation. China is now much more likely to stop taking our loans because the Fed is trying to hurt the Yuan with the cover/dual purpose of printing money to help our economy. I don’t think it will help our economy and the dollar will simply devaluate. If China drops its investment in the dollar then the American currency will rapidly become unstable and inflate at a ridiculous percentage.
The only plus side I see to it is China not being to export so cheaply to US and US exports to China will increase over Chinese exports to the US.
Buy some gold, silver, rare coins, or property people…you’ll need it at this rate.
I think it’s a load of rubbish.
It’s a lucrative business in certain States.