Have you ever heard of "devaluation" of the currency?

I don't think the right actions are being taken. And I don't think Bush's admin. made the right actions either. Frankly I think that the action that should have been taken is that they should have let the companies fail that made bad decisions and not bail them out. Unless of course the government is covering themselves because they forced the banks to make loans they wouldn't normally make or if they were in bed with them.
I think we're in for a world of hurt no matter what happens with the way the fed is printing and spending money they don't have. All the FED is doing is increasing our debt in the idea that spending more will get us out of our debt problems. That is insanity. The dollar is going to be toast. I'm looking at gold with the real time widget ExactPrice http://www.learcapital.com/exactprice and it's trading at $913.70 and ounce. Silver is really taking off so I'm thinking a lot of other people are thinking that all the FED actions are going to be bad in the long run and are jumping onto these commodities as a safe haven bet.

Re: Hal
The government did not force the banks to make these bad loans, nor did they cause rating agencies to pass these loans off as good. The loans were so profitable in the short term and since most of them were sold off as soon as they were made, the banks figured they were safe. The only problem is these loans got bundled, securitized and leveraged and in the incredibly complicated and unregulated financial world of today, these banks ended up eating some of the very shit they had created. Sort of like wily coyote getting nailed by the anvil he had set up for the road runner. This problem of short term thinking is a highlight characteristic of America and will be seen as one of the keys future historians will point to in describing our fall from power. The fall of the Soviet Union left us feeling we could, in the words of Karl Rove, "create our own reality", because no one could match us or stand in our way. Pride cometh before the fall, and human nature is the one unchangeable in this planet's sorry history.

When you go to anywhere in the USA to buy anything, look to see where is it made? Not in the USA. When you buy $1,000.00 tools, parts, etc at Home Depot, they send maybe $500.00 to maybe China to buy these products. The US Government no longer allows dollars to be redeemed with gold. The Chinese are allowed to redeem these freshly printed paper dollars that they earned to purchase title to real estate, forests, industries, breweries, hotels, factories, casinos, financial institutions and title to everything else of value that is located in the USA.
There is (probably) a limit to the amount of paper dollars that the foreign country manufacturing people and the foreign country raw material supplying people will continue to accept in payment. This limit will become apparent as soon as foreigners own title to everything of value in the USA and nothing is left that the foreign dollar holders want to buy with their freshly printed paper dollars. Some government sources estimate that the title to 25% of our property and businesses are now foreign owned (http://www.economyincrisis.org/content/ownership). What will be the buying power of the dollar when we have nothing left to redeem the dollars earned by foreigner manufacturers????????? This is selling of our children's legacy to foreign owners, and the US government calls it "Investing in America". This is sort-of like selling our body parts to keep from working!!!!!
The federal government does not really go to the bank and borrow money, they buy paper and print up dollars, T-Bills, Bonds and other securities, and then sell them to pay their bills or pass them out to pay their expenses.
Only a positive balance of trade will restore the value of the dollar, and we must accomplish this by any means possible, or accept third world poverty on a large scale basis. Riots and insurrection are predictable, ala the French Revolution, when the people find their situations economically hopeless.