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iShares Silver Trust Message Board

  • mgiganti74 mgiganti74 Sep 21, 2012 8:55 AM Flag

    You shorts ARE xxxxing stupid.

    NEW YORK (MarketWatch) -- Brazilian Finance Minister Guido Mantega said in a newspaper interview that the Federal Reserve's launch of a third round of quantitative easing will fuel a global currency war. Mantega told the Financial Times on Thursday that the Fed's "protectionist" move will have only a marginal benefit in the U.S. since there is no lack of liquidity and will instead devalue the dollar, thereby boosting U.S. exports. The Brazilian minister also pointed to the Bank of Japan's decision to expand its asset purchases this week as evidence of global tensions and a currency war. Mantega first talked about currency wars two years ago when the Fed implemented its second round of quantitative easing which unleashed a flood of global liquidity and caused many emerging-market currencies, including the Brazilian real, to appreciate.

    Sentiment: Strong Buy

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    • The Fed is trading Federal Reserve Notes for the toxic assets on the balance sheets of banks. Banks will then have MORE 'money' to loan out (they're already sitting on gobs of cash). They (the banks) can't find enough credit-worthy customers. Private debt (or the credit market) was already off the charts (bubble) in 2009 and has declined since. It makes the national (or public) debt look like pennies.

      We're in a nightmarish situation. When this ends is beyond me, but I can't imagine it's going to be pretty...

    • As long as my slv goes up, currency wars be damned.

13.51+0.07(+0.52%)Nov 24 4:00 PMEST