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<p>[QUOTE=&quot;dave92029, post: 1116825, member: 26916&quot;]&quot;Bernanke Doesn’t Rule Out More Fed Bond Buying to Aid Economy&quot;</p><p><br /></p><p>QE1 $1.7 trillion</p><p>QE2 $ .6&nbsp; trillion</p><p>QE3&nbsp; ????</p><p><br /></p><p>There was estimates that the debt service on the US National debt could triple by 2016&nbsp; to over $400 billion/yr. </p><p><br /></p><p>Well, since Congress hasn&#039;t a clue about cutting spending on the 85% of the Budget considered &quot;entitlements&quot;, the Fed has decided to keep buying the debt sold by the Treasury...aka QE1,QE2,QE3...</p><p><br /></p><p>QE is a polite way of saying currency devaluation, which means that PM prices in US$ will increase in order to maintain their purchasing power around the world. </p><p><br /></p><p>Silver&#039;s high today is $35.02; Gold is $1441.30&nbsp; Thank you Federal Reserve! :devil:[/QUOTE]</p><p><br /></p>

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