Image via Max Keiser
This Is Not Going to End Well …
We predicted last week that Bernanke would launch QE3 this week.
Today, the Fed announced that will buy $40 billion dollars of mortgages per month … indefinitely.
This is in addition to numerous other easing programs. As CNBC notes:
In addition, the Fed said it will continue its program of selling shorter-dated government debt and buying longer-term securities, a mechanism known as Operation Twist. It also will continue its policy of reinvesting principal payments from agency debt and mortgage-backed securities back into mortgages.
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“These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed statement said.
And the Fed isn’t stopping there:
“There’s strong hints that they’ll do Treasurys next,” Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London. “They’re pulling out all the stops to try to get this economy to gain some traction and, most important, to get unemployment down.”
This sounds nice … except that the experts say that quantitative easing destroys the economy and – despite the initial optics of it – hurts the little guy.
As we said in 2008: welcome to the Fed’s Weekend at Bernie’s.
P.S. Yes … if you’re a homeowner, you will probably want to re-fi.
As Predicted, Bernanke Launches QE3 … Which Will Destroy the Economy was originally published on Washington’s Blog
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Just wait and see what happens when QE 3 causes what is left of the PRIVATE SECTOR TO GO BANKRUPT…AND THE COPS, FIREMEN, TEACHERS, THE JUDGES, THE UTILITY WORKERS and the rest of the PUBLIC SECTOR STOPS GETTING PAID BECA– USE THE PRIVATE SECTOR IS FORCED INTO BANKRUPTCY BY THE POLITICIANS & BERNANKE..!
The GOVERNMENT CORP is slowly taking ALL OF THE SMALL BUSINESS LIVELIHOODS, WEALTH and PROPERTY AWAY FROM THE PRIVATE SECTOR TO KEEP THE PUBLIC SECTOR GOING…NOT ONLY IS THAT IMMORAL…IT CAN’T BE SUSTAINED..!
The truth is, the Government Corp has pitted the PUBLIC SECTOR against the PRIVATE SECTOR by the ongoing bailouts of the PUBLIC SECTOR. That is going to cause ALOT OF FRICTION in this country sooner or later. The GOVERNMENT CORP can’t possibly believe that this country runs on PUBLIC SECTOR JOBS ALONE. The PRIVATE SECTOR FUELS THE PUBLIC SECTOR…..and they are running on fumes. The so called wealth creators…the TBTF INSTUTUTIONS…..created a QUADRILLION DOLLARS IN DERIVATIVES FRAUD DEBT…. WITH OUR ELECTRONIC SIGNATURES FOR THE AMERICAN PEOPLE. THEIR DEBT IS MASSIVE and UNSUSTAINABLE….. The PRIVATE SECTOR CAN’T RUN ON FUMES FOREVER…WHEN THE FUMES HAVE DISAPATED…THAT IS WHEN ALL HELL WILL BREAK LOOSE IN THIS COUNTRY..!
A banker was on CNBC talking about QE 3…He said refis only benefit the bankers…! He did not elaborate but he could mean thet are getting people to establish INSOLVENT DEBTS of the banks..Any way….whetever it means it looks like Wall Street is going to party up and party high on the shatter because its coming. Until fraudulently induced debt do us part..by not cooperating or until it tears us apart…by cooperating.
The fact the politicians and the media are not speaking out strongly against QE 3 proves they are ALL TRAITORS.
Money created by lending credit is a credit system, not a monetary system. It is a DEBT system..it is fake money lending. Therefore, their currency and their system is counterfeiting.. This system was fraudulently induced to set US up to fail.. That is why they fraudulently induced the WORLD BANK CREDIT SYSTEM… because it is UNCONSTITUTIONAL and ILLEGAL TO PRINT MONEY BACKED BY DEBT.
CONTINUED Investing in or buying failed FED DEBT…..IS CRIMINAL FRAUD….QE 3 WILL BANKRUPT THE AMERICAN PEOPLE…THE FED AND THE POLITICIANS ARE WEAKENING US, BY ROBBING THE PEOPLE TO Create COMPLETE COMMUNISM.. BERNANKE SHOULD BE ARRESTED FOR BUYING FAILED MORTGAGES., THEIR INSTITUTIONS CA– USED TO FAIL AND HANDING THE AMERICAN PEOPLE THEIR BILLS…AGAIN …FOR INSOLVENT DEBT…THE FED CREATED BY PROXY. Don’t think for a minute what is happening all over the Middle East isn’t a creation of these crooks to distract from the complete robbery of the American people…THE MEDIA AND THE POLITICIANS ARE AIDING AND ABETTING THIS COVER UP FOR THE FED CROOKS…….WHAT IS REALLY GOING ON IS BEING COVERED UP AND CALLED A VERY DECEPTIVE NAME….QE 3..THESE ARE NOT CAPITAL INJECTIONS ..OR A STIMULUS….THE CONSEQUENCES OF THIS ARE NOT_UNINTENDED_THIS WILL END IN COMPLETE BANKRUPTING OF THE AMERICAN PEOPLE…QE 3 IS A FASCIST METHOD TO CREATE COMPLETE COMMUNISM…IF THESE CROOKS ARE NOT ARRESTED….QE 3 IS CRIMINAL FRAUD…..and it IS FASCISM……..DON’T BELIEVE THE MEDIA…QE 3 IS NOT STIMULOUS…..IT IS ROBBERY….AND IT IS NOT ALRIGHT..AT ALL.
The us needs to learn a lesson from iceland! Iceland let the banks fail and fail they did, everyone suffered but Now they are stronger than ever and on the way to recovery….check it out!
IF IT QUACKS LIKE A DUCK…! QE 3 is another wealth destroying form of fascism…CONgress and Obama are allowing it. Therefore they are…
No income for retirees, who want income from safe CDs, that are now below the inflation rate.
We, somehow have to rid ourselves of, if not the FED in its entirety, at least this guy, who keeps crapping in the oatmeal.
Love the image by Max Keiser..! That’s right, these imposters are determined to destroy America. Geithner predicted by the time the 2012 elections came around the economy would be really bad.
http://www.youtube.com/watch?v=gqsT4xnKZPg
http://www.dailyfinance.com/2012/09/13/fed-to-spend-40-billion-a-month-on-bond-purchases/?ncid=webmail4
WOO FREAKIN HOO BABY!
MY KIDS AND THEIR KIDS ARE GOING TO BE SO PISSED WHEN IM DEAD… LOL
LIVE FOR TODAY! ON MY GRANDKIDS DIME BABY!
WHEN THE KIDS OF THE 1960’S SAID THEY “WE’RE GOING TO CHANGE THE WORLD MAN”,
THEY WERE’NT KIDDIN! JFK WOULD BE SO PROUD…
(it seems this kick the can down the road system has worked really well for the last generation… I don’t think this is what Ronald Regan and George Busch meant when they said “trickle down” … or did they? )
Excuse me sir, open another bottle of Petron’, they’ll be 2 MARGARITAS in every glass!
Happy days are here again!