A newly re-elected President Barack Obama will continue encouraging loose monetary policies that will fuel inflation rates down the road, and investors need to get ready now, said famed commodities investor Jim Rogers.
Under Obama's first term in office, the Federal Reserve slashed interest rates to near zero and pumped the economy with trillions of dollars in fresh liquidity via a monetary policy tool known as quantitative easing, under which the U.S. central bank buys bonds from banks and floods the economy with excess money supply to encourage investing and hiring.
Republican challenger Mitt Romney has said he opposes such policy and suggested he would not renew Fed Chairman Ben Bernanke's term when it expires in January 2014.
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9 comments:
Soon it will get back to the old days when people just put their savings under their mattress. Why put money in a bank that offers a interest rate of .025, And the Government has (real-time access) to electronic transfers. Wake up people. Our economy is unsustainable with Obama for 4 more years.
Get a clue. Obama does NOT control interest rates and is NOT the one printing money.
I'm moving my money out. It ain't much to begin with but NObama is not getting just the same.
1:33 Question? Under Obama the Country has not had a budget in 4 years. Why? Let me guess your answer. It's all George Bushes fault.
Haters gon hate
The sky is falling, the sky is falling.....
Anonymous said...
Haters gon hate
November 8, 2012 3:21 PM
Anonymous said...
The sky is falling, the sky is falling.....
November 8, 2012 4:19 PM
You two, and other mental midgets like yourselves, really, really need to get educated.
Seriously.
306 how about you pull out that pocket constitution and check out Article I, Section 8. You should find your answer there.
On budget from Feb 2012-
"On Monday, President Obama presented his proposed budget for fiscal year 2013. It's going nowhere on Capitol Hill, legislators and political analysts agree. What's more, Senate Democratic leaders show no intention of presenting their own budget proposals – or taking up any lobbed over from House Republicans.
Technically, they don't have to, Senate majority leader Harry Reid (D) of Nevada said on Feb. 3. He suggested that the terms of last summer’s debt-ceiling agreement provide all the guidance that Congress needs for the coming fiscal year."
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