Amen, you been listening to Dr.Paul. Key word in your post is "so far"! Fed will have to raise rates supposedly to stave off inflation. You are right, we're (rhymes with) plucked!
Mark in Texas
On 1/21/2011 3:58 PM, n61cm wrote:
So far those dollars are holding up against foreign currency, so inflation hasn't hit yet. Inflation is just a backdoor tax, as it makes the money in our pocket worth less while the government gets to spend all it wants to. If interest rates go up we're looking at some hard times.
--- In diesel_mercedes@yahoogroups.com, Mark Atkins <mratkins@...> wrote:
>
>
> This ruse of dumping inflated dollars (currency) into the economy to
> "stimulate" it is only a temporary fix, at best! The next step of the
> Fed will be to raise interest rates which will likely "finish it off".
>
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