Ben Bernake is *******, he is going to blow up all my earnings in usd on forex. I agree with Sive I must find something better like CHF I cannot have usd trading account anymore.
“These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year,"
I wonder what they do after several years, maybe burn all those long term securities because they already have less value than paper they are printed on.
"Paper money will always return to its intrinsic value - nothing."
French philosopher Voltaire after Frances ill-fated seduction by fiat currency in the 1700's.
China announced its intention to bypass the dollar for global oil customers and started selling merchandise using their own currency.:
"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, ......... any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar."
"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar."
But what to do with all the money? How about set up a company to sell fresh clean air and oxygen prefferably to China? For Renminbi of course.
20 years ago nobody would buy bottled water in every store as today.
PS everytime I wanted to post something fpa web constantly changes the languages, dont tell me I am the only one who has this problem