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Your money just lost value -or- Fed prints money out of thin air

February 27th, 2008 · 1 Comment

Do you understand what this means for the money in your pocket/savings,/401k?

This shouldn’t be celebrated.

Tags: Personal · Politics · Blogroll

1 response so far ↓

  • 1 Daniel Park // Feb 29, 2008 at 8:06 am

    It also means that the value of the dollar against other currencies is severely weakened (more than it was already). It now takes a whopping $1.52 to buy one Euro, a new record. Obviously bad news for those of us who live in Europe, but whose income comes predominantly from the U.S.

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