From a trusted source, this came along yesterday. I hesitated to post it... however it is IMO important.... enjoy tightening your belts thanks to BHO and the FED.
On 13-Sept-2012, the Federal Reserve declared outright War on the value of the US dollar. Everyone will be directly impacted by this policy shift coordinated with the European Central Bank. The central bankers are using monetary policy and their private monopoly on generating currency to conduct massive wealth transfer from the little people to a very limited few financial elite. Please read the article linked below to gain understanding and share it generously. As always, before forwarding please remove all email addresses for security purposes.
I bet you will hear Joe Six-pack complain about foreign aid to Egypt et al - which is hundreds of millions to several billion dollars for each country annually - while almost no one will complain about the Fed's announcement of buying $40B/month of mortgage backed securities (MBS) for an indefinite period. Quick math: $1B/315M people = $3.18 per each man, woman, and child/$B X 40/mo = $127 X 12mo = $1,524/yr/person X family of 4 = $6,095/yr - added to our pro rata share of public debt. All of this done with computer keystrokes representing money that does not exist. And, that is only part of their shenanigans announced this time.
Now, please call and write your Senators and insist on their support for the Audit the Feb Bill - ASAP - as it will be voted on very soon.
The Federal Reserve announced the beginning of the much-anticipated "QE3" or "Quantitative Easing Three" program yesterday.
There is the story in the press about why the Federal Reserve is taking this drastic and historically unprecedented action. And then there is the real story - which I would suggest is quite different.
The linked quick analysis takes a look at the inflationary ramifications, how QE3 is different from previous "easings", the attack on the US dollar by the Fed, the potential for currency warfare, the increase in hidden taxes in the US, and why older and retirement investors will be the ones feeling most of the pain from this new redistribution of wealth.