Fed "prints" $29 trillion. Dollar goes up!!

Since 2008 the Fed has "printed" over $29 trillion and the dollar has gone up! Where are all the dollar bears now? How do they explain this?

Category:

News & Politics

Tags:

• Peter Schiff
• Jim Rogers
• Marc Faber
• Ken Rogoff
• Ron Paul
• Mike Norman
• dollar
• Fed
• printing money
• currency debasement
• Treasuries

[McKinzieConsulting]

The Dollar Index is a sham! It is indexed to only 6 fiat currencies (58.6% weighted to Euro) that are all in decline! All that it means when the dollar index goes up is that the Euro happens to be falling faster than the dollar that day.

[Shebadad]

Hey dude the so called "Dollar Index" went up because there are no restrictions on Capital flows....in a paper world were a Central bank can digitally "print" whatever it wants. It's called " flight to quality" or to the worlds reserve currency. It all runs home to mamma when you have a dislocated system such as Europe. This is a digital currency war soon to be followed by a loss of faith in paper money when we have Bank runs like we have never seen before. Learn history dude its all cycles

[ltmikepowell]

Print more money and the value goes up. Wait a minute, is this freak a drug addict? Or maybe he's asking his angry investor to blow his head to pieces?

[myhipsi]

Mike, you might want to look at a 10 year gold chart. Gold has gone from approx $285/oz in January of 2002, to the current $1651/oz. That's a 579% increase relative to the U.S. dollar over ten years. I think that's a mighty fine hedge against inflation, don't you?

Either you have an ulterior motive and are a liar (which is my contention), or you're unbelievably ignorant.

[IrradiateTheNWO]

untwist your panties

[CCMochi]

Mikey!!

Dude - you look sharp but...  What happened...? I'm having a flashback of your videos on Fox business from '07/'08. Some serious stress must have come on since that time.

In any event, keep on keepin' on Brother -

[vegaswolf]

If all those people can sell gold so easily for cash, why do they have gold in the first place and just not have cash? Cause it has "value" perhaps?

[ElAsaltaCulos2]

Hey, buddy, do you have any gold to sell? I'll buy it from you with federal reserve notes. It's a win-win, Mikey



[perfectfailure23]

Please post a new video telling everyone that you made a mistake. This is not economics, this is weighing paper against paper. This is completely useless unless your goal is to trade currency. Maybe you can make a video response that shows how we have just caught up to real GDP of 2007 but current dollars show us well above that year due to inflation. Maybe you can make a video about how we had low inflation during the dip when we should have had deflation. Make yourself more useful.

[TheBullionBull]

A real "dollar index" would be weighted against gold, crude oil, wheat, corn, steel, and cotton, not Euro, Pound, Yen, SKrona, Can Dollar, and CH Franc.

[AroundSun]

This guy is really something else. How anyone takes him seriously on financial networks is unreal. I mean, if we could just print money and the value of the dollar would increase, we would all be trillionaires and there would be ZERO economic problems. Is he fucking retarded or something? Did he miss ECO 101 on the day they spoke about inflation? How can more dollars chasing the same amount of goods INCREASE the value of the dollar? Yikes...

[ltmikepowell]

I want this guy dead when golds/silvers prices go through the roof and the U.S. Dollars decline dramatically.

Come on, maybe an angry investor or looter will blow him for good.