Forum Discussion
LindsayRichards
Sep 24, 2012Explorer
For those who do not understand what QE3 is, it is the government buying $400 BILLION a month of mortgaged backed securities that are mainly worthless. It is like printing money out of thin air. It is open ended without an end date or amount specified as in QE1 and QE2. It makes the value of our dollar worth less compared to gold, commodities and foreign currency. Really just about everything.
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