Could QE3 Trigger a U.S. Depression?

[cottonpicken]

My mom(60's) and i where collecting coins from my
earliest memories,just as a hobby to have some from
each year,we would take a break for a decade or so
then go at it again.

So now when she looks at the values her mouth
drops,i try explaining to her about the metal content
of coins has changed,nickel no longer have
nickel,pennies no longer have copper,thats why they
have to get rid of the pennie now because metal
content value is yada,yada,yada.

So should we sell and put the money in the bank,she
asks?

I would guess 99 out of a 100 people would actually
think this is a good idea.

To hell with diversification.

[cottonpicken]

http://www.bloomberg.com/video/gross-gold-a-better-investment-than-bonds-stocks-67gICY2RTwy3MytiYpX8jg.html


PFFFFFFF!!!!!!!The worlds largest money manager said what about bonds and what about gold in the final seconds?????????????

[errolanderson]

U.S. / Cdn labor numbers out this
morning.

U.S. labor force now the smallest since
1981 (pre-Reagan era). 96,000 jobs
created last month, well below 125,000
expected.U.S. unemployment now 8.1%


Cdn unemployment steady at 7.3%, but
more jobs created in August (34,300)than
expected.

[rhoff]

I imagine these job numbers offer bernanke more
resolve to go ahead with QE3.

[TOM4CWB]

Green et, el;

Qe3 etc has been going on since the 1930's. China is the KING of QE... Japan is a good example of the result.

As long as humans decide to go to work tomorrow... commerce will happen... and the system keeps functioning.

China has as much to lose as the US.

What can we do about qe3? ZIP. None of us is doing too badly... last I checked there was food in the fridge... and fuel in the pickup!

Cheers!

[Hopperbin]

Wonder so should one buy some gold bars and put that away for emergency? Would be nice to be able to do what the Chinese are doing. But money hording is what they do. Against our religion to money horde here.

[TOM4CWB]

[video=youtube;]http://www.youtube.com/watch?v=[/video]