Posted 5 years ago on Aug. 28, 2012, 8:43 a.m. EST by richardkentgates
This content is user submitted and not an official statement
The FED will soon be issuing QE3 in an effort do devalue the dollar again. When the dollar is strong, prices are low, and the shareholders make less profit. At the same time, a stronger dollar means more purchasing power for the poor and working class. The FED wants to take away your purchasing power, so the the 1% retain maximum wealth. This is what the FED is focused on, not a recover. If the FED was interested in a recovery, they would allow the dollar to stay strong so that people can afford to buy more, which leads to more hiring. But that is not what the FED is interested in.