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Reply to Quantitative Easing Explained

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Uploaded on Nov 15, 2010

Is quantitative easing really so bad? Not if you want to create jobs, but maybe if you want to buy alarm clock radios for $1.99-----
The world uses the dollar as the standard, which whether right or wrong gives the U.S. a powerful influence over the global economy. A weaker dollar is beneficial to us, Americans, in that we can pay debts in the weaker currency (a much better proposition than paying debts in a stronger $ later). All these arguments about inflation, devaluation of the dollar & wealth from savings are great theories.... but we are the US, we don't have savings... we have 13+ trillion in debt & many of our citizens are in similar positions with big debt & little savings. So if you are afraid of the $ losing value keep in mind that is good for your debt & bad for your savings... so maybe you should use some of your savings to pay off your debt! You have no debt & tons of savings? Well then buy some gold already.... but don't just whine about inflation because a FOX opinion show told you to. I am not saying QE doesn't bring down the dollar... I'm saying when you are in the hole to the whole world & you make the poker chips you get to make some of the rules. $600 billion isn't going to cause a trade/currency war, it's just going to furrow some brows & help us get out of this mess.

CPI keeps coming up, so check out specific prices of specific items in any location right here: http://data.bls.gov:8080/PDQ/outside....

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