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QE3 on the verge of reality

Dear Ben,

In this global rampant race to devalue domestic currencies to boost exports, what are you doing for us? The stock market continues its collapse and with Japan and the Swiss intervening what are we to do? Safe Havens hardly exist at this point and our AAA ratings (which are correctly written up by the Chinese at AA) are a complete wash. I think its time to begin the consideration to step into the open market, in one fashion or another, and begin devaluing our currency again.