The story can be found on the link below. What can we as a nation of people that have been saving our money for years in the Market do? We are getting pushed out and the Big Guys are reaping in ALL of our profits!
Great Link Brook! It really spells out the dangerous consequences of this risky monetary plan Bernanke and Geithner have the U.S. committed to. They print money, we lose jobs and make almost 0% interest back on our savings. The smaller banks are lending fewer dollars, while they meet the FDIC restrictions to stay insured. Meaning, small farms cant even get Seed Loans. This could lead to food shortages in the near future. Plus, the Big Money Banks who borrowed from the huge $Trillion dollar Legacy Loan Program are cashing in on the Stock Market while only paying 1.34% interest. This plan is not working. It is weakening our dollar with estimates of its decline in value from 5.7% less to as much as 28% less than when Obama took office. Some major investors in U.S. bonds, such as China, say they would curtail their purchases of such dollar-denominated debt. Weakening demand for these bonds would likely push the value of the dollar lower. This cannot be sustained by the Bernanke Plan. Eventually, the World Economy will decouple from our currency.