The Dollar begins its drop. Are you ready?

The Dollar begins its drop. Are you ready?

The acronym I use in regard to preparedness is "FEPS." It stands for Financial, Emotional, Physical and Spiritual Readiness. I discuss Disaster Preparedness quite often and, when I do so, I have mentioned the wisdom EXCHANGING those devaluing dollars for Gold and Silver. It's something EVERYONE can and should do.

Well, it's time.

Fed Chairman Bernanki has announced Quantitative Easing Three (QE-3) - the non-stop printing of more paper currency - and the stocks, commodities and the Forex markets went up and the dollar begins its descent.  This QE is open-ended which means they can keep printing as much and as long as the Fed chooses.

NOT a good idea. As anyone can tell you, too much of anything reduces its value and power.

Following are some interesting articles on this topic.


Fed Pulls Trigger to Buy Mortgages in Effort to Lower Rates (9-13-12) Jeff Cox http://finance.yahoo.com/news/fed-pulls-trigger-buy-mortgages-163638925.html

Bernanke Explains Conditions Leading to Fed Action (6min video of Bernanki speech) 9-13-12 http://online.wsj.com/article/SB10000872396390444023704577649602607207034.html?mod=WSJ_hpp_LEFTTopStories#articleTabs%3Dvideo  Fed Chairman Ben Bernanke addresses  media to explains why the Fed has decided to take action and issue a new round of Qualitative Easing. 

Fed to Buy Bonds In Bid To Spur Economy (9-13-12) WSJ Kristina Peterson http://online.wsj.com/article/SB10000872396390444023704577649602607207034.html?mod=WSJ_hpp_LEFTTopStories#articleTabs%3Dvideo 

China and Russia Are Ruthlessly Cutting the Legs from Under the US Dollar (9-11-12) http://world.hawaiinewsdaily.com/2012/09/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar/
Budget Talks to Determine US Credit Rating: Moody’s (9-11-12) Reuters http://www.cnbc.com/id/48985074

If you want more information regarding gold and silver, also grain and the Forex, write me at miketummillo@me.com and type "$$" in Your Subject Bar.

Here to help!

Every blessing,
Michael Tummillo