Bernake Stole $605,400,000 from Americans Today Alone!

[jointhefightforfreedom]

Today'sDollar index
DXY:IND 79.258 down 0.479 0.60%

There was approximately $1.13 trillion in circulation as of September 5, 2012, of which $1.09 trillion was in Federal Reserve notes.
per http://www.federalreserve.gov/faqs/currency_12773.htm

$1.09 Trillion x .60 % loss in dollar value = $605,4000,000 total Loss in Value Nationwide Current Notes in circulation.

and this happened Just on the Announcement of QE3

What is going to happen when the spend $40Billion a month of newly printed money EACH AND EVERY MONTH with now end determined.

 

[wgadget]

And don't forget the other $45 billion per month from The Twist...ongoing.

We are SO screwed.

 

[anewvoice]

This is what I put out to my Facebook friends to try to "explain" this better.

Describing the impact of monetary policy decisions on your life. Simply put, higher USDX means more value, weaker USDX means less value for your piece of paper.

"At its start, the value of the US Dollar Index was 100.000. It has since traded as high as 148.1244 in February 1985, and as low as 70.698 on March 16, 2008."

In response to the Federal Reserve policy decisions today (QE3), the value of your pieces of paper was reduced. At the macro level the loss of value on the entire money supply is $605,400,000, with the -.59% drop in value. Keep an eye on this measure and see what happens when the FED prints an extra 40B dollars to buy those bonds.

Total currency in circulation.
http://www.federalreserve.gov/faqs/currency_12773.htm

Track the USDX
http://www.bloomberg.com/quote/DXY:IND

What is the US Dollar Index?
http://en.wikipedia.org/wiki/U.S._Dollar_Index

And for a familiar story from about a year ago, the FED prints more money under "The Twist"
http://www.usatoday.com/money/economy/story/2011-09-21/federal-reserve-meeting/50488652/1

Another way to track, 30 years of data available. Interesting if you look at the last 12 years, if judging success based on the value of our money is the metric, #epicfail
http://www.fxstreet.com/rates-charts/usdollar-index/

And keep in mind, this is the value of your dollar relative to the other currencies so it's a better judge that as compared to a single commodity or single other currency.

 

[playpianoking]

Yay QE3!!!!

 

[RickyJ]

And don't forget the other $45 billion per month from The Twist...ongoing.

We are SO screwed.

Yes, but if they did nothing we would still be screwed. The problem is the wars, unfair trade, too many taxes and no sound money. Until that is addressed we will continue in a downward spiral. Actually at the stage we are in now, I don't think it will end pretty even if we would have been able to get Ron Paul in there. America is for the most part, past saving.