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The U.S. Federal Reserve will extend its program to purchase the nation’s debts and stabilize long- term interest rates after Standard & Poor’s downgraded its credit rating, according to an adviser to China’s central bank.
The Fed will roll out quantitative easing 3, a tactic to purchase treasuries,
S&P lowered the U.S. rating one level to AA+ from AAA for the first time yesterday while keeping the outlook at “negative,” citing the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits. The rating may be cut to
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Originally posted by Deja`Vu
What if they know we are screwed and are just borrowing time to finish there bunker preparations, buying us more to to prepare as well.
Get ready fast
Originally posted by SeekerofTruth101
Reread the OP please. There is a difference between 'according to the Feds' and 'according to the adviser to China's Central bank'.
QE 3 is not a definite thing at the moment. although stability is all for the best for USA right now, so that it can focus on creating jobs and earning revenue, something which it is FULLY CAPABLE of, as much of the worlds wealth is hoarded in USA now. There is nowhere else that is safe today.
QE3 if happen now, is nothing to be frightened of, as debts can be paid off. USA isnt Greece, China or Italy, with little resources or without democratic rule of law.
The ones who should fear QE is EU central bank performing QE in EU. Germany and France, the biggest fund contributors, will have hell to pay off bank despositors when the defaults goes into full swing.