San Diego, CA (PRWEB) April 10, 2009
The Federal Reserve Bank has now announced that they will be buying up from $500 billion to $1.25 trillion worth of Fannie Mae and Freddie Mac mortgage backed securities during the current US recession. In addition they will be buying $300 billion in US treasury securities. The way August Forthright, author of Gold, Oil, and God: A Look At America's Future, sees it this is banana republic stuff.
Forthright reports that the Fed is doing nothing more than printing money out of thin air and then using that money to buy US securities. The way he sees it, the country is deliberately devaluing its currency which will harm all our foreign creditors. This is a foolish and dangerous path since we're a net debtor nation that is trying to borrow tens of billions of dollars a month to fund our massive and rapidly growing deficits, Forthright claims.
Forthright has been studying the economic situation since the late 1990s when the dot com bubble was at its height. He followed through to the US recession of 2001 straight into the financial calamites that the country is in today. On his Web site he offers his eBook Gold, Oil, and God: A Look At America's Future as well as his informative newsletter. Using the powerful information that he provides, users of the site have been able to achieve gains even in a down stock market.
To learn more, visit http://www.headsupforyou.net
August Forthright launched Headsupforyou.net having had over 25 years of experience in the management industry such as having worked for many Fortune 500 firms. In 2005 he wrote Gold, Oil, and God: A Look At America's Future following his bliss upon learning what was happening to the economy and having the urge to share his findings with other people. August Forthright is a prolific author who has written about various topics including the housing bubble and US recession.