Fed unveils bold, open-ended steps to aid economy

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  • Flashback Kearns, UT
    Sept. 14, 2012 9:07 a.m.

    Bold moves? What a crock. Just like education, we solve all problems by throwing money at it. In this case we are printing money that has no backing and is not generated by economic activity. We are further in debt and interest rates stay down which doesn't bode well for my savings account. Also by printing more money, we further devalue our currency. I would be in favor of doing away with the Federal Reserve, or at least firing Bernanke. I see hyper-inflation in our economic future due to measures like this. This does not make good economic sense.

    Bernanke is doing his best to get Obama re-elected. Seems like Bush made a big mistake appointing this guy as the Fed Chairman. Not one of his better appointments.

  • Keith1943 Spring City, UT
    Sept. 13, 2012 10:45 p.m.

    This is insane! The Federal Reserve, which is unconstitutional, should be done away with, and Bernanke sent to the unemployment line. Why does the government insist on continuing to do what has never worked before? Printing fiat money and dumping it into the mix, is like giving someone an aspirin, which only takes away the symptoms – yet the cancer remains. It didn't work with QE-1 or QE-2 and it cost America trillions of dollars! And now Bernanke gives us QE-3, with no anticipated closure in sight. Following the announcement today, many economists and forecasters, said that this will be the final blow that brings about a failed economy, with no hope of return.

    I can't bring myself to believe that our elected officials and the Bernanke's of the world are that stupid. Many have sought for years to bring together a "one world government". Perhaps, this move is to that end. I pray however, that it is not!