Check out this article.
^Fed officials concluded that growth is too slow to bring down the 9.6 percent unemployment rate and is at risk of staying that way for some time absent new action. They were also concerned that inflation has been running too low and were looking for a way to encourage modest price increases, which would give consumers and businesses more reason to spend money before its value declined and help energize the economy.^
Read that carefully. What they are saying is that they want to get people to think their dollars are going to be worth crap if they keep them, so they better dump them while they can.
I don't know how to get across how utterly screwed up our economic "geniuses" are.
What the hell do they think is going to happen when foreign investors find out their dollar assets are being deliberately burned?
Current Events » in reply to Fed to print up another $600 billion
Printing money, continued...
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- Fed to print up another $600 billion