re: QE3

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Are they not pumping more money in the economy? Because if so the dolllar goes down, as Im sure most on here know. The plan is for them to buy up $40 bill of mortgaged back securties. With what? Bonds?

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It's printing money, yes. But the world is in a global currency depreciation race as well. Also, most countries are very dependent on Europe and China which have more problems than the US. Its the "cleanest dirty shirt" scenario. We have problems but their relatively small compared to the rest of the world.