The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits.

11 Responses to The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits.

1. HUH? | February 7, 2012 at 3:07 pm |

   ZIRP (QE to infinity) will achieve that goal in 18 months.

2. Warp | February 7, 2012 at 3:40 pm |

   So, now they are telegraphing the direction, but not the velocity of the attack.

3. Mark | February 7, 2012 at 3:57 pm |

   With 5-10% inflation this year alone I think they are being EXTREMELY optimistic with that forecast.

4. DavidC | February 7, 2012 at 4:13 pm |

   On top of the 97-98% they’ve devalued it over the last 100 years, why stop now…?

   Words cannot express my anger. Do away with the Fed.

   DavidC

5. Robert Mockan | February 7, 2012 at 4:26 pm |

   Devaluing the dollar by 33% is a default, and if done intentionally to avoid paying full price is also breach of contract and fraud. But no banksters will go to prison. I expect to see BIG bonus payments this year and next for them.

6. General Rasta, SLA | February 7, 2012 at 4:48 pm |

   @Max,

   “I chose to support Herman Cain for President, and am a member of his team of economic advisors.” – Charles Kadlec, Contributor

   (insert laugh track here)

7. James Brown | February 7, 2012 at 5:15 pm |

   Don’t worry, Amerikkka, Rape Britian is with you all the way…DOWN…
   http://www.goldmadesimplenews.com/gold/just-what-an-additional-225bn-money-printing-in-2012-means-for-the-gold-price-6115/

8. Chervonets | February 7, 2012 at 5:38 pm |

   So they want to devalue 33% to the statistics of price levels. When they reintroduce the statistics pre-Clinton, they can achieve this overnight.
   And nobody will get hurt, except politicians, they will face the truth.

9. JonnyJames | February 7, 2012 at 8:34 pm |

   Like many, I see no other viable alternative to these policies (and fraud) than to buy physcial PMs.

10. donnydave | February 8, 2012 at 7:36 am |

    Here is what QE can achive in just 3 years…. (UK)

    http://www.independent.co.uk/news/uk/home-news/pensions-have-lost-a-third-of-value-in-three-years-2367348.html

11. trooper dave | February 8, 2012 at 2:16 pm |

    The system is rigged, and together with their lapdogs, the politicians, bankers have achieved this:- deflation – wages have been massively deflated, driving more and more to the poverty line in all countries; inflation – through speculation at ZERO% risk(to themselves) thanks to QE, commodity, energy AND food prices are driven higher by the banksters making money for themselves and causing hardship and hunger for many, NICE business!! (so there is both inflation and deflation simultaneously)
    So they have achieved much. Widening the wealth gap to greater extremes; impoverished more of the people of the world than ever before; caused misery and hunger. Through controlled MSM and dumbed down education they have herd of people that, when stressed by the consequences of the elites actions, will be hungry and confused and will turn on each other instead of identifying the manipulation from the lords and masters.