QE3? If it looks like a duck, walks like and duck and quacks like a duck, chances are it's a duck.
Proverbs 22:7 - The rich rules over the poor, and the borrower is servant to the lender.
When a republic like these united States of America resorts to mortgaging it's future by selling debt to its own central bank, the end-game is near. Our country, our great Republic, our national sovereignty, is being sold to the ruling Cleptocracy for pennies on the dollar.
What's the end game? The collapse and death of the dollar, the loss of its status as the world's reserve currency, and the issuance of a new currency that is based to some degree on the money metals is my expectation.
What does this mean to me? It means that your wealth (cash, bank accounts, 401(k)'s, IRA's, stocks, bonds, homes, etc.) will be devalued until your assets are worth very little if you don't begin to move away from dollars NOW.
What is going to happen to my dollars? They will eventually be traded for a new currency at very severe discounts. It may take $10,000 Federal Reserve Notes (what we commonly refer to as dollars) to buy an oz of gold but it may only take 100 of the new currency to buy the same ounce of gold. That would be a 100:1 devaluation of your dollars. Stated differently, every $100 you now hold would become worth $1 in the new currency.
What's the best course of action? I recommend three simple steps:
Prepare your hearts and minds for some very difficult and turbulent times ahead.
Get out of debt completely. This includes your home where possible.
Start selling your dollars by using them to buy and store anything of tangible value. This would include food, seeds, fuel, fire wood, batteries, ammo, farm land and of course gold and silver.