Started by Zircon, September 14, 2012, 10:58:03 AM
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Quote from: Zircon on September 14, 2012, 10:58:03 AMBen Bernanke now has the Federal Reserve engaged in an open ended scheme to purchase $40 billion in mortgage-backed securities each month. Being "open ended" means those running this scam will not have to come back and convince anybody for a QE4, QE5 etc. This is nothing other than another banker bailout.New loans will not be made. The banks are not strapped for monies as they are have approx. $1.6 trillion in excess reserves. In fact, back in 2008, after the TARP bailout, the Federal Reserve paid banks to WITHHOLD loans.The bailouts are not designed to invigorate the economy but to prop up the stock market for those well invested in the market. The real economy continues to go straight to hell.The â€œwealth gapâ€ between rich and poor has vastly increased. This again illustrates how these actions have nothing to do with helping the little guy get back on his feet and everything to do with the concentration of financial power into fewer hands.Bernanke claims that the justification for QE3 is to boost employment. WTF !!! If anything, Bernankeâ€™s policies are largely responsible for creating high unemployment in the first place. He even said this new policy will not do much to alleviate joblessness. It has come about to prop up assets and nothing more.The fact that we havenâ€™t seen massive inflation since the start of the Fedâ€™s QE policies shows that the money isn't being pumped back into the economy. QE3 is nothing more than another massive wealth transfer with the middle class and poor as its victims. Another manifestation of neo-feudalism to destroy America and have the globalist bankers pose as the saviors.The economy is being destroyed by design in order to centralize power and control as our society becomes more fearful. Look at Europe and see what is happening.Mitt Romney called and begged Ben not to do this. Is that (1) a sign of weakness on Romney's part or (2) a sign of knowing how finances work or is it (3) just a selfish plea? He knows business. Unfortunately those running this nation at the moment are only concerned with bankers and concentrated wealth under the guise of a good market.
Quote from: UFO Fill on September 14, 2012, 01:54:01 PMWhere do I go to get a check?
Quote from: Morgus on September 14, 2012, 11:55:22 PMBuy GOLD!
Quote from: Sardondi on September 14, 2012, 11:35:00 PMHere's a surprise: The United States of America just had its creditworthiness - that is, the likelihood it can and will pay back its debts - downgraded by Egan-Jones for what is (I'm pretty sure) at least the fourth time, down from "AA" to "AA-". The US started at AAAA, and has been steadily shedding those "A's", and doing it faster and faster. http://www.cnbc.com/id/49037337Oh, and what was to blame? The latest pumping Bernanke was so proud of. http://www.forexlive.com/blog/2012/09/13/egan-jones-analyst-hints-at-us-rating-downgrade-post-qe3/ Yep, another big surprise. It's a shell game: Bernanke and Team Neo have taken the craven path every time on every issue. They play for the short political advantage, never trying to fix anything, just trying to desperately shore it up so that please God it doesn't happen until after the election. This is 5th-century Rome kind of thinking. Such mean, low, craven men we have chosen to run our country.