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2 Bumps

Do you agree with this statment?

"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout,"

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 11:17 AM on Nov. 9, 2010 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (9)
  • The same thing has been reiterated many times many ways by many people.
    jewjewbee

    Answer by jewjewbee at 11:18 AM on Nov. 9, 2010

  • Sad but true.I don't know why Bernanke was kept for another term. His hands weren't exactly clean when things started to go downhill.
    Izsarejman

    Answer by Izsarejman at 11:19 AM on Nov. 9, 2010

  • Our system was specifically set up to keep congress from making changes as often as possible. It is SUPPOSED to take them at least 6 months to make any kind of impact on the economy. Their job is slow corrections. The fed is supposed to handle small, quick corrections. This admin has repeatedly done an end run around that system and every time they do, it gets worse. The worst part of it is that the nature of the economy is that the horrible, drastic mistakes they're making don't really take full effect for 3-6 months after they do them. They're so busy spinning for political points they react instead of explaining it to people who just don't get it (and I include at least half of congress in the "don't get it" group)
    NotPanicking

    Answer by NotPanicking at 11:22 AM on Nov. 9, 2010

  • It's called Bernanke's Secret Debt solution.
    jewjewbee

    Answer by jewjewbee at 11:22 AM on Nov. 9, 2010

  • Yes I agree
    bjojola

    Answer by bjojola at 11:42 AM on Nov. 9, 2010

  • I agree with the statement and with NP.

    QuinnMae

    Answer by QuinnMae at 12:36 PM on Nov. 9, 2010

  • I totally agree. I think BIG inflation is on the way.
    yourspecialkid

    Answer by yourspecialkid at 12:36 PM on Nov. 9, 2010

  • I think that is called the ripple effect ...
    tasches

    Answer by tasches at 12:50 PM on Nov. 9, 2010

  • yes
    MamaJoJo911

    Answer by MamaJoJo911 at 3:06 AM on Nov. 10, 2010

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