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04/27/12 1:07 AM

#96542 RE: ronnies #96538

your statement doesn't really make sense, plus the U.S. only has about $300 billion in Gold, sure it might be more than any other country but its only $300 billion, the U.S. is a multi TRILLION dollar economy.

Doomsday visions? I'm an optimist, but I'm also a realist, and if it wasn't for Europe, the U.S. economy would be a lot stronger by now, and for all you critics of QE1 and QE2, Europe's debt crisis is what made the Fed decide to do QE2...so go complain to Europe about the Fed printing more money, the Fed is just trying to keep things together so the U.S. doesn't end up in a severe recession or depression, and THAT IS THE BOTTOM LINE...it's not like the Fed is doing QE for fun or because it wants to "steal" from seniors