Profile image
By CMI Gold & Silver
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

The dollar and the euro on the road to destruction

% of readers think this story is Fact. Add your two cents.

The US Federal Reserve and the European Union’s central bank recently announced plans to inject massive liquidity into their respective money markets.  However, the Fed denies that its buying is another quantitative easing program while the ECB admits that it is.

The Fed will start buying $60 billion dollars a month on October 15 in T-bills and will do so “until at least the 2nd quarter of 2020.”  The ECB will start in November and buy €20 billion in bonds a month.  Additionally, the ECB plans to cut interest rates further into negative territory.

Although the ECB’s decision to lower interest rates to minus 0.5% was widely supported by the governing council, heads of the CBs of more than half of the eurozone population and GDP said that they opposed another round of QE.

Yet Mario Draghi, whose term as president of the ECB ends October 30, said after the meeting that there was such a “clear majority” in favor of the more QE that they did not need to vote.  I guess as president of the ECB he has that authority.  That is, not to have a vote but to declare his position as being the “clear majority.”

The  Fed’s decision to start injecting $60 billion a month into the money markets comes immediately after its cessation of its monthly $50 billion reduction in its balance sheet.  The Fed reduces its balance sheet by selling bonds.  Now it’s buying bonds at an even greater rate.

The Fed’s move was foreshadowed.  In the last few weeks, it injected some $400 billion into the market via repo agreements.  With a Fed repo, the borrower puts up suitable collateral – probably T-bills – and get freshly printed cash from the Fed.  Repos are generally of short duration, as short as six days, as long as two weeks.

Paper money not redeemable in gold (or silver) eventually is printed until it is worthless.  The dollar and the euro are headed down that path.  There is just no way of knowing how long it will take for them to become worthless, but we are way past the chances of a reversal.

This is a perfect climate for investing in gold and silver.


Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

FINAL WARNING!  Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!  APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.